Good afternoon, and welcome to Canton News Network. I am Melanie Delacour, head reporter of CNN, here to bring you all the latest news here in Canton Rouge. Our top story tonight comes from the port city of Le Harve, where The Grand Prix de Sailing is beginning. For six days, teams sail from Le Harve to Rotterdam, and back again for the prize of 1,000,000 Nova Francs. As the event goes on, we will bring you more reports on the event.
Turning towards economic news, gas company Royal Canton Shell has just released its quarterly earnings, and reports show a 10% increase in profits compared to last quarter. Experts are quick to point out that this may be attributed to the opening of two new oil derricks. Meanwhile, electronics firm Philips has maintained a no growth no decline period this quarter, which may signify that the company is beginning to improve.
Before we go, we just want to remind our viewers to stay tuned to CNN for all your latest news updates. We thank you for tuning in.