Business & Finance
SBM posts record revenues of €861.6 million as American clientele drives Formula 1 boom
SBM reported record revenues of €861.6 million for 2025/2026, up 12%, with net profit of €112.9 million. North American visitors are now the group’s leading clientele, with Formula 1 a key driver of growth.
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Luxury store in Monaco robbed: millions in jewellery stolen at gunpoint
The hunt is on for a brazen armed robber who stole more than €3 million worth of jewellery and watches from a Monaco store early Wednesday.
Monaco authorises remote working rights for Italian employees
A long-awaited remote working agreement between Monaco and Italy is finally coming into force from 1st June.
SBM reveals ambitious hotel renovations after 6% revenue surge
On the back of a very successful 2023/2024 fiscal year and a 6% increase in revenue, Société des Bains de Mer (SBM) President Delegate Stéphane Valeri has revealed plans to renovate two of...
Monaco establishes diplomatic relations with Micronesian nation of Nauru
The two ocean-loving nations of Monaco and Nauru, the world’s smallest official republic, have formally established diplomatic relations following a meeting at the United Nations headquarters in...
France overhauls unemployment benefits to curb spiralling budget deficit
Under the new scheme, compensation will be limited to a maximum of 15 months, down from 18, and people will have to have worked at least eight of the previous 20 months to qualify, instead of six of...
SBM workers strike during Grand Prix weekend
Monaco’s biggest employer, Société des Bains de Mer (SBM), and the government have both condemned a workers strike among SBM cashiers during the Monaco Grand Prix, pointing out that the workers...
