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Day: 10 March 2024

Monaco International Investment Forum to open doors to new investment opportunities

by: Stephanie Horsman
10/03/2024
Members of the MIIF sitting at a table together

In a matter of days, the Monaco International Investment Forum will return to the Yacht Club de Monaco with a programme featuring talks on topics such as AI and micro-financing. 

The name may have changed, but the event is bigger and better than ever.

The Monaco International Investment Forum (MIIF), formerly Monaco et Suisse Investment Forum, is taking its 2024 edition to new heights by giving an exclusive group of invite-only entrepreneurs, investors and other key finance players a chance to network and participate in a range of fascinating talks on what’s happening in the industry today and where it’s headed tomorrow. 

“The Monaco International Investment Forum (MIIF) was born from the idea of creating something special over the years and to stand out in the market of the Principality of Monaco,” Raffaello Cairoli, Director Monaco International Investment Forum, told Monaco Life. “In the last years we have accomplished many goals and this year the level of implementation has risen considerably between the enlargement of the team and the creation of an internal platform to which exhibitors and guests have access to. The goal is to become an established event in Monaco and to be renowned in Europe and internationally.”

A DAY OF OPPORTUNITIES 

Alongside networking opportunities, the programme for the event on 15th March features a number of targeted conferences led by investment professionals that are expected to touch on topics ranging from AI and business ethics to last-stage investing and microfinancing. 

This year’s participants include exciting, cutting-edge companies such as Auxasphere, Giano Capital, Woodville Litgation Funding, Ethimedix, Mikro Kapital, DIGI Mind Sphere, KeeSystem, Christian Dominici spa, eH2P, YACHTNEEDS, Coraliotech, Aurum Global Partners, Sotheby’s International Realty Dubai, Gami Capital, MKNL Technology Ltd and Cape Wellness. 

Among the partners of the prestigious event are the likes of the Monaco Economic Board, Monaco Tech, CMLS, Brand Therapy, Reshape MC Design, VBC Virtual Business Card, Solid Rusk Production, Gold Ventures Investment, Theta and Atlas Investment.  

Monaco Life is proud to be the official media partner of the 2024 Monaco International Investment Forum. 

For more information, click here.

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Photo courtesy of the Monaco International Investment Forum 

What’s on this weekend at the Printemps des Arts festival?

by: Niki Borisova
10/03/2024
Printemps des Arts festival

From Sophie Lacaze’s ‘The Boundless Stuff of Dreams’ to Wim Wenders and Juliano Ribeiro Salgado’s ‘The Salt of the Earth’, this weekend’s Printemps des Arts programme will blend theatre with film and the traditional with the modern.

Following on from our coverage of the opening days of the Printemps des Arts festival, which officially began on 13th March, here are this weekend’s highlights.

See more: Printemps des Arts 2024: what to expect from the opening days of the festival

On Saturday 16th March, a series of masterclasses will be hosted by renowned cellist Henri Demarquette at the Conservatoire à Rayonnement Régional de Nice. Later, a conference entitled ‘The Earth According to Gustav Mahler’ and led by musicologist Jean Castellini will unravel at the Auditorium Rainier III.

The concert that follows will feature musicians Lucile Richardot, Stefan Cifolelli and Het Collectief under the baton of Gregor Mayrhofer. They will present a rendition of Mahler’s ‘Das Lied von der Erde’ in a chamber version transcribed by Reinbert de Leeuw alongside Mahler’s ‘Quartet for Piano and Strings in A Minor’.

The evening continues at the Théâtre des Variétés with the world premiere of ‘L’Etoffe Inépuisable du Rêve’ – The Boundless Stuff of Dreams in English – by Sophie Lacaze. This chamber opera, brought to life by the Ensemble Orchestral Contemporain under Bruno Mantovani’s musical direction, will delve into the dreamtime of Australian Aboriginal culture in an ode to nature and our planet’s fragility.

Transitioning into Sunday 17th March, the festival will be screening ‘The Salt of the Earth,’ a documentary directed by Wim Wenders and Juliano Ribeiro Salgado. This event explores the profound work of photographer Sebastião Salgado.

The day will conclude with a concert by Henri Demarquette at the Galerie Hauser & Wirth, where the cellist will embark on a solo journey through the works of Johann Sebastian Bach and Benjamin Britten.

The full programme can be found here.

Check out our reel of the Printemps des Arts’ opening night below:

 

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Photo source: L’Etoffe Inépuisable du Rêve, Facebook

Monaco Ocean Week: How will declining marine biodiversity affect human and global health?

by: Niki Borisova
10/03/2024
monaco ocean week

Krill and the vast role this minute species plays in ocean health is to be explored at a Monaco Ocean Week event that aims to uncover the dynamics of the marine ecosystem and explore ways to safeguard the world’s oceans. Here are all the details. 

On Wednesday 20th March 2024, the Novotel Monte Carlo will be hosting the ‘Ancient Wisdom, Modern Guardianship!’ conference. Organised with the support of The Animal Fund, the event will feature talks from two distinguished speakers, who will combine their unique insights to provide guests with an enriched understanding of the issues facing marine biodiversity and the profound impact the oceans have on each and every one of us.

Dr. Marianne Helene Rasmussen, a marine biologist, research professor and Director of the University of Iceland’s Research Centre in Husavik, will be sharing her knowledge on marine ecosystems. With a focus on the decline of biodiversity in the oceans and its direct impact on humanity, Dr. Rasmussen’s discussion is expected to shed light on the lesser-known aspects of marine life.

Joining her at the event will be Daniel Kreizberg, an award-winning filmmaker, actor and the director of ‘Tahlequah the Whale: A Dance of Grief’. This 15-minute anime movie, which has garnered numerous accolades, tells the story of a whale’s grief and has sparked conversations about the emotional complexity of marine animals and the need for empathy in conservation efforts. It will be screened at the event.

Further information about the ‘Ancient Wisdom, Modern Guardianship!’ event can be found here. To register your interest, contact info@theanimalfund.net.

Read related:

Monaco Ocean Week 2024: A quest for viable and achievable solutions

 

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Photo source: Gabriel Dizzi, Unsplash

F1: Charles Leclerc earns first podium of 2024 in Saudi Arabia

by: Elsa Carpenter
10/03/2024
charles leclerc saudi arabia 2024

A week on from a disappointing race in Bahrain for Monegasque driver Charles Leclerc, the second round of the 2024 Formula 1 World Championship in Saudi Arabia saw the Scuderia Ferrari racer obtain his first podium of the year as well as extra points for taking the fastest lap. 

Leclerc was back on the front row for the race on Saturday 9th March in Jeddah, Saudi Arabia, but he was only able to hold his position until Lap 3, when Red Bull’s Sergio Pérez surged past to take the Monegasque’s second place.  

After pitting – along with most of the grid following Lance Stroll’s crash into the barriers during Lap 7 – Leclerc found himself in fifth and it would take until Lap 15 before he could overtake future teammate Lewis Hamilton and Lap 21 to regain his third place from Lando Norris.  

See more: F1: Lewis Hamilton will join Charles Leclerc at Ferrari in 2025

The order was set then: Red Bulls Max Verstappen and Pérez securing yet another P1 and P2, and Leclerc earning his first podium of 2024. The Monaco-born driver also picked up some extra points by getting the fastest lap time during his final sprint around the Jeddah Circuit. 

Charles Leclerc earned extra points for himself and his team by driving the fastest lap on the Jeddah Circuit in Saudi Arabia. Photo credit: Scuderia Ferrari Media Centre

Leclerc now sits third in the Driver Standings, with 28 points to Pérez’s 36 and Verstappen’s 51.  

“We maximised our potential today and couldn’t have done better than this,” said Leclerc. “We struggled a bit on the Mediums, the Hards were tricky at first but improved throughout the stint and I was able to set the fastest lap on them with a bit of help from DRS. All in all, I felt good in the car.” 

18-year-old Ollie Bearman, who had claimed pole position during the Formula 2 racing the previous day, was called up as Ferrari’s reserve driver and asked to stand in for an unfortunate Carlos Sainz, who underwent surgery for appendicitis while out in Saudi Arabia.  

The rookie is the youngest driver to ever make his debut in Formula 1 at the wheel of a Ferrari and follows in Leclerc’s footsteps as a product of the Scuderia Ferrari Academy.  

Called up a day before the Grand Prix, reserve driver and Formula 1 rookie Ollie Bearman achieved an impressive P7. Photo credit: Scuderia Ferrari Media Centre

Bearman ultimately took seventh in the desert, adding some important points to the Constructor Standings’ rankings for the Maranello marque. Ferrari maintain a strong second spot, with 49 points. Ahead is Red Bull on 87 while behind is McLaren with 28.  

“Ollie did an exceptional job this weekend,” said Leclerc. “To get into a Formula 1 car starting from FP3 when you don’t know the car and the track is one of the most challenging of the season, it is impressive to see someone get up to speed so quickly. It was super nice to see him so happy and excited all weekend and he’s done a great job.” 

The grid will now enjoy a few weeks’ break before the next Grand Prix on the Albert Park Circuit in Melbourne, Australia, on Sunday 24th March.  

Read related:

F1: Charles Leclerc takes fourth at a frustrating opening race in Bahrain

 

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Photo credit: Scuderia Ferrari Media Centre

How much do you need to earn to be classed as rich in France? 

by: Stephanie Horsman
10/03/2024

If your monthly pay cheque is above €4,170 then you’re in the top 10% of earners in France, but is that enough to make you ‘rich’? Well, that all depends on your family situation. 

The Observatoire des Inégalités, an independent French information gathering organisation, has looked at the range of monthly incomes in France with the goal of working out how much a person needs to earn in order to be classed as wealthy. 

Currently the median French salary sits at €1,800, according to data from INSEE, the nation’s official statistical agency. A quarter of full-time employees make less than €1,670, while a half earn under €2,092. At the higher end, 23% of workers make €3,000 a month while the top 10% of earners in the country bank €4,170. The biggest pay cheques, those over €10,000 per month, are reserved for the top 1% of salaried workers.  

For over a decade now, the Observatoire des Inégalités has been trying to determine thresholds for both poverty and wealth in France. The calculations are made with the help of the French Observatory of Economic Conditions (OFCE), another independent organisation, and the latest data put out by INSEE to compile up-to-date reports, such as this new insight into the wealth divide. 

“Since we consider that the poverty line is set at half the median standard of living, we have chosen to establish the wealth threshold at twice the median standard of living,” said Louis Maurin, the director of the Observatoire des Inégalités, to Le Figaro of this latest report into wealth classification.  

THE FIGURES 

In order to be considered rich in France, a single person with no dependents must make €3,860 net per month. Roughly 7% to 8% of the population falls into this category.  

When adding in different factors, the monthly nut changes considerably. For example, to be wealthy as a single parent with a child under 14, an employee needs to be making €5,018 a month to be classed as wealthy. For a couple with one child under the age of 14, their combined salary must be €6,948, which rises to €9,650 for two children over 14 and €10,808 for three children, with one under 14. A couple without children, meanwhile, need to be earning €5,790 to be counted among France’s most well-off.  

To read the report for yourself, click here. 

 

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Photo source: Priscilla de Preez, Unsplash