Business & Finance
Marriott hotel in Cap d’Ail sold to Swiss investment firm Achernar Assets
The Riviera Marriott Hotel La Porte de Monaco in Cap d’Ail has been sold by Schroders Capital to Swiss-based Achernar Assets in a deal reportedly worth €85 million.
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A snapshot of Monaco’s retail trade industry in 2021
Online retail sales stores accounted for almost 11% of all retail businesses in Monaco in 2021, while clothing still reigns supreme. Here are some of the other standout figures in the latest Retail...
Wine production to bounce back despite 2021 winter frost
While wine production in France is expected to rebound this year in spite of the winter frost of 2021, there are fears that the current drought will limit output for this year.
French PM says companies may need to ration energy this winter
France’s Prime Minister Elisabeth Borne has asked that companies now start to take steps toward reducing energy consumption to avoid facing rationing this winter.Â
Fuel price discounts increased and extended
The French government has announced a €0.30 per litre discount on petrol, up from the current €0.18, starting in September to give consumers a bit of relief at the pumps.
“Mission accomplished” as tourists return to French Riviera
The French Riviera has had a fantastic summer, according to the Tourism Committee, with occupancy rates as high as 90% and a jump in visitors and economic benefits.
Jim Ratcliffe signs €7 billion deal with China
Monaco resident Jim Ratcliffe is expanding his INEOS empire into China, signing three deals with state-backed China Petroleum and Chemical Corporation, which are expected to make a turnover of €10...
