Michael Douglas is receiving a prestigious honour at this year's Cannes Film Festival. The actor will be given the Honorary Palme d’Or and will be honoured as part of the opening ceremony on May 16, Variety reported. [readmore label="READ MORE: " link="https://etcanada.com/news/973326/catherine-zeta-jones-makes-michael-douglas-flash-her-when-he-loses-to-her-in-golf-i-have-to-whip-it-out/"] The "Basic Instinct" star said in a statement, “It is always a breath…