Monaco Financial News

Paris Saint-Germain completed a fine week by beating bitter rivals Marseille 3-1 on Sunday to take a big step towards another Ligue 1 title, while the clash between relegation battlers Montpellier and Saint-Etienne was abandoned due to crowd trouble. PSG followed their Champions League victory over Liverpool on Tuesday by getting the better of Marseille at the Parc des Princes in a meeting of the top two in Ligue 1. Ousmane Dembele continued his prolific recent form by scoring the opener and Nuno Mendes made it 2-0 for PSG before half-time, with Pol Lirola's own goal securing victory in the second half after Amine Gouiri had pulled one back. Luis Enrique's side are still unbeaten after 26 games in Ligue 1 this season and now lead Marseille by a mammoth 19 points at the top with eight matches to play. It means PSG could be crowned champions for the 11th time in 13 seasons during the next round of games on the last weekend in March.

Mumbai finally got itself a new mayor, Ritu Tawde from the Bharatiya Janata Party (BJP), after a long hiatus. The city’s municipal corporation is the country’s richest local body and expectations from the incoming mayor were quite high.

Tech billionaire and advisor to former US President Donald Trump, Elon Musk, has hit back at critics accusing him of siding with Russia. Musk said he has previously stood up to Russian President Vladimir Putin. Replying to a user on X (formerly Twitter) on Saturday, Musk wrote, “I literally challenged Putin to one-on-one physical combat over Ukraine.” He also pointed out that his company’s Starlink satellite system is crucial for Ukraine’s military communication. “Their entire front line would collapse if I turned it off,” he said.

TikTok 90 more days to work out a deal that would allow the popular video-sharing platform to avoid a US ban. Trump said in an NBC News interview that he had not decided what to do but was considering granting TikTok a reprieve after he is sworn into office on Monday. A law that prohibits mobile app stores and internet hosting services from distributing TikTok to US users takes effect on Sunday.

TikTok 90 more days to work out a deal that would allow the popular video-sharing platform to avoid a US ban. Trump said in an NBC News interview that he had not decided what to do but was considering granting TikTok a reprieve after he is sworn into office on Monday. A law that prohibits mobile app stores and internet hosting services from distributing TikTok to US users takes effect on Sunday.

quick commerce app. So will some other regular packs of consumer goods firms, which are reworking their channel strategies to protect neighbourhood stores, while also aligning them with changing shopping habits.

January 2025 transfer window is open and big names could be on the move, from Marcus Rashford to Khvicha Kvaratskhelia. The January window is effectively the last chance for clubs to make a major move to revive an ailing season or strengthen the push for silverware or Champions League qualification.

department of pharmaceuticals (DoP) has reprimanded AbbVie Healthcare India for unethical marketing practices after a top panel found the company violated provisions of the Uniform Code for Pharmaceutical Marketing Practices (UCPMP) by sponsoring foreign vacations to Monaco and Paris for 30 doctors.

Formula One (F1) cars racing in Mexico City, the normal rules don’t apply. When speeding down a straight that is almost 1 mile (1.6 km) long, teams would usually need to race a car with as sleek a body shape as possible to cut through the air and hit top speeds quickly. But at the Autódromo Hermanos Rodríguez, where this weekend’s Mexico City Grand Prix (GP) will be held, it’s the opposite. Autódromo Hermanos Rodríguez first held a F1 world championship race in 1963. For the drivers, the track will feel more akin to racing on a slippery street course like the one in Monaco, where regular automobiles that use the streets when F1 is not in town wear away the traction provided by the sticky tire rubber laid down by race cars.

Toronto-Dominion Bank is facing a cap on its asset expansion in the United States and being fined about US$3.1 billion for failing to monitor money laundering activities through its branches, say the U.S. Department of Justice and other U.S. regulators.

The Perfect Couple has left fans eagerly awaiting news about a potential second season. Premiering on September 5, the show has impressed viewers with its intriguing plot and engaging characters. However, as the show is currently classified as a “limited series” by Netflix, the question of whether it will return for another season remains up in the air.

Leclerc won the Italian Grand Prix on Sunday to delight Ferrari's massed ranks of fans as Lando Norris again chipped away at struggling champion Max Verstappen's lead in the Formula One drivers' standings. Monegasque Leclerc claimed victory at Monza for the second time after winning in 2019, holding off McLaren pair Oscar Piastri and Norris in a thrilling race in which Verstappen finished nearly 38 seconds off the pace in sixth. Huge roars engulfed the stands as Leclerc took the chequered flag for his second win over the season, after his own home Monaco GP, after holding out on a set of hard tyres he had changed during his one and only pit stop on the 16th lap.

new Champions League format this season will see more teams playing more games for more prize money. On Thursday, the Union of European Football Associations makes the draw in Monaco for the match schedule of the new single-standings league phase that replaces the traditional group stage. The first new Champions League format since 2003 promises more of almost everything that Europe's wealthiest and most influential clubs wanted from UEFA. There are four more places in a 36-team lineup; at least eight games each instead of six; Champions League games scheduled in January for the first time; a prize money rise of at least 25% to a minimum of 2.5 billion euros (USD 2.8 billion). There also was more evidence, at UEFA's European Championship this summer, that constant expansion of international competitions is leaving players tired and unable to perform at their best year-round. The new league phase in European club soccer's marquee event will have 144 total games compared to 96 in the group stage last season.

countries are winning most of the Olympic medals every two years, that's because it's largely true. Even though more than 150 countries and territories have claimed a medal since the modern Games began in 1896, the list of winners is top-heavy. Entering the Paris Summer Games, the United States has the most, by far, with 2,975 medals, according to the International Olympic Committee's research wing. A group of usual suspects follow: the former Soviet Union (1,204), Germany (1,058), Great Britain (955), France (898). Nearly 70 countries and territories, though — roughly a third of the parade of nations — cannot boast an Olympic medalist in any discipline, summer or winter. Some, like South Sudan, which sent its first team to the Olympics in 2016, have only just begun trying. Others, like Monaco, have been at it for more than a century.

Shoko Miyata, the 19-year-old captain of the Japan women’s artistic gymnastics team, has withdrawn from the squad for the Paris Games after violating the team’s code of conduct by smoking, the Japanese Gymnastics Association said on Friday.

EMBRUN, France—By now, Tadej Pogacar has memorized every twist and turn of the Col d’Eze, the winding road that rises from behind the port of Nice to the hills above Monaco. It’s where he goes on coffee rides, where he flies past unsuspecting amateurs, and where he trains to win the Tour de France. The two-time champion is such a fixture on the Col d’Eze that cyclists in the cafés below trade Pogacar sightings like celebrity-spotters in the bars of swanky hotels.

Freeman joins GAM from SSVL Monaco, a Monaco-based activist fund focused on small and mid-cap European companies, where between 2017 and 2023, he was a member of the Investment Committee. GAM appoints Liontrust as delegated manager of Star Alpha Technology strategy Prior to that from 2014 to 2016, Freeman served as the chief investment officer of the Fortress Centaurus Global fund. In 2000, he co-founded Centaurus Capital, a multi-billion-dollar hedge fund group with assets under management (AUM) later peaking at $5bn. Freeman held the positions of CEO and CIO until 2014, when t...

Global money laundering body FATF on Friday said it added Monaco and Venezuela on its so-called grey list with countries under special scrutiny. Both countries now made high-level political commitments to work with the body and implement an action plan to strengthen the effectiveness of their regulation, the FATF said.

Nikhil Gupta, accused of orchestrating a murder-for-hire plot against a Sikh extremist on American soil, pleaded not guilty as he was arraigned in federal court in Manhattan. Gupta was extradited to the US from the Czech Republic on June 14, which court records show as the day of his arrest in the US. He made his first appearance in Manhattan federal court before Magistrate Judge James Cott on Monday afternoon for his arraignment and pleaded not guilty. Gupta's attorney Jeffrey Chabrowe entered the «not guilty» plea on his behalf. Gupta is being held in a Brooklyn detention facility. Gupta is charged with murder-for-hire and conspiracy to commit murder-for-hire. If convicted, he faces a maximum sentence of 10 years in prison for each charge.