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Day: 13 February 2017

Monaco school visit nets big success

by: Cassandra Tanti
13/02/2017
Photo ©Manuel Vitali/Direction de la Communication
Photo ©Manuel Vitali/Direction de la Communication

Members of Monaco’s very successful basketball team have been meeting hands-on with young students in Monaco to spread their own enthusiasm for the game. Olivier Basset, Roca Team’s assistant coach, Amara Sy, the team captain, and Jamal Shuler, one of the leading scorers in the team, were at the Révoires school on February 9 to share their passion.

During the visit, students of the fourth and fifth grades (CM1 and CM2) demonstrated a lot of enthusiasm for the sport and its local representatives.

This educational approach is part of the policy of the Directorate of National Education, Youth and Sports to enable pupils, particularly those of Révoires, to become familiar with certain sporting, artistic and cultural disciplines. For example, table tennis, dancing, and bridge sessions are offered to students every Thursday during their lunch break.

Roca Team, currently at the head of the PRO A championship, take on the Antibes Sharks February 14 at 8 pm.

 

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Edmond de Rothschild Monaco acquires Snap-On stake

by: Cassandra Tanti
13/02/2017

Edmond de Rothschild Monaco acquired a stake in Snap-On Inc during the third quarter of 2016, according to a Form 13F filing with the Securities and Exchange Commission in the US. Snap-On Inc is primarily a maker of tools and equipment.

In its quarterly earnings results posted on February 2, Snap-On’s return on equity was 20.89 percent and revenue was up by 4.5 percent compared to the same quarter of 2015.

The private bank acquired 7,304 shares of the stock, valued at about $1,110,000. Snap-On makes up one percent of Edmond de Rothschild Monaco’s investment portfolio, making the stock its 17th largest position, according to a number of sources reporting on US investments.

 

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A8 off-ramp at Beausoleil closer to re-opening

by: Cassandra Tanti
13/02/2017
Traffic
Photo: Damian Morys
Photo: Damian Morys

The local French Department has committed €1.235 million towards the total cost of reopening the off-ramp on the A8 motorway at the Beausoleil services.

The off-ramp is very much needed in order to relieve traffic congestion in La Turbie and to speed up access to Monaco.

The off-ramp, built in 1979, was closed in 1994. The total cost of reopening will amount to €5.5 million, with Monaco contributing 33 percent. The French state will fund most of the remaining amount. Work is due to start next year with a target date for reopening in September 2019.

 

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Watch this space at Top Marques Monaco

by: Cassandra Tanti
13/02/2017

topmarquesgrimaldi
Top Marques Monaco, billing itself as the Luxury Lifestyle Show, will be showcasing “a stunning display of timepieces” alongside some of the world’s supercars at its annual event in April.

In its “Watch Pavilion”, Top Marques will mirror the same formula that has helped make this supercar show such a success over the years. Potential buyers will be invited to not only see state-of-the-art watches at close quarters, but also offered the opportunity to try on some of the top-end timepieces on display.

Among the watchmakers present will be Franck Muller, Greubel Forsey and Urwerk, a relatively young company making a name for itself in a new wave known as “Nouvelle Horlogerie”. Of course, the classics such as Rolex, Patek Philippe and Audemars Piguet will also be represented, as well as a number of handpicked Haute Jewellery exhibitors. Top Marques Monaco runs from April 20 until April 23 at the Grimaldi Forum.

Tickets are already on sale for the event that keeps on growing in popularity year after year.

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Good news comes late for Francois Hollande

by: Cassandra Tanti
13/02/2017
Photo: Twitter Pôle emploi
Photo: Twitter Pôle emploi

The French jobs market has reported its second consecutive year of employment growth, with 200,000 new jobs created in the commercial sector during 2016. The government said that the latest figures confirm the fact of economic growth in France.

The last three months of 2016 were the seventh consecutive quarter of jobs increasing, taking the total over 2015 and 2016 to more than 300,000 new positions.

The jobs market fell in numbers in 2012, 2013, and 2014. The Ministry of Labour said that the improvement was due to “measures taken by the government”.

Temporary employment has reached its highest level since the beginning of 2008, and the sector is considered a precursor of employment trends.

Overall, job creation in 2016 is a good omen for the publication next Thursday of the unemployment rate for 2016.

In the third quarter, the rate stood at 9.7 percent in metropolitan France and 10 percent in France as a whole. However, between 2.81 and 3.47 million remain unemployed.

The new hirings have come too late for the outgoing president, Francois Hollande, who has suffered record-braking unpopularity. Presidential elections are due in three months’ time.

 

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