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HomeNewsLocal NewsHamilton has mysterious problems on first practice day
Hamilton has mysterious problems on first practice day
By Staff Writer - May 25, 2017
Photo: Morio
While one magazine has commented that the Monaco Grand Prix is where models go to frolic after Cannes, there’s a much less trivial side to Formula 1’s favourite Grand Prix fixture, as Thursday’s practice session demonstrated.
Sebastian Vettel ended the day the fastest with favourite Lewis Hamilton all the way down in eighth. Fortunately for Mercedes, there’s one more day to iron out any problems. Hamilton kept the lid on what those glitches might be, saying; “Something went wrong in this session, we just have to find out why. The tyres were not working for whatever reason this afternoon.”
Jenson Button is back on a one-off visit after leading McLaren driver, Fernando Alonso, opted for the Indy 500. McLaren racing director Eric Boullier said that the 2009 world champion’s comeback has been a boost for team morale.
Meanwhile, production manufacturers are using the allure of Monaco to launch new models, including Renault, which will unveil the new Renault Sport Megane RS on Friday May 26, when it will lap the circuit driven by Renault F1 driver Nico Hülkenberg.
The fourth-generation high-performance Megane is hotly-anticipated. The car will be finished in black and yellow livery to match Renault’s F1 team when it makes its Monaco debut.
Free practice continues on Saturday, from 10-11:30 am, with qualifying from 2-3 pm.
The Prince Albert II of Monaco Foundation has signed the Arctic Commitment and pledged its support for a ban on the use and carriage of heavy fuel oil in Arctic shipping.
A new website, Monaco Santé, has been created in the Principality, providing information and services for residents and visitors including online bookings and consultations.
The Prince Albert II of Monaco Foundation has signed the Arctic Commitment and pledged its support for a ban on the use and carriage of heavy fuel oil in Arctic shipping.
A new website, Monaco Santé, has been created in the Principality, providing information and services for residents and visitors including online bookings and consultations.
Monaco has just completed its seventh year of Winter School in conjunction with the Sciences Po Menton campus, only this year, all classes were held virtually for the first time ever.
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European Commissioner Pierre Moscovici claimed on Tuesday that Monaco’s signature on the landmark fiscal transparency agreement with the EU marks the end of banking secrecy in Europe…
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[ihc-hide-content ihc_mb_type="show" ihc_mb_who="reg" ihc_mb_template="" ]However, respected French daily Le Figaro responded: ”Not exactly. For if this agreement is undeniable progress, it also has limitations to circumvent it. Firstly, automatic transparency concerns the fight against tax fraud but not money laundering. Investigations into the latter area will still be subject to formal requests. Secondly, the agreement will enter into force in 2018, leaving two years for financial institutions to find new legal avenues to ensure discretion, and also allow those most in danger to move their funds.”
Eric Vernier, a specialist in the study of money laundering and tax fraud, told Le Figaro in February this year that tax transparency in practice means providing an account balance to a fixed date known in advance. Nothing prevents an account holder from transfering funds elsewhere a few days before the deadline. Then, in the case of a large company or a trust, the exact beneficiaries will be known only when they represent 25 percent of ownership. "In other words, an organisation whose accounts are located in Monaco, knowing the dates and with five shareholders with 20 percent stakes will remain almost as opaque as before the signing of the agreement.”[/ihc-hide-content]
[caption id="attachment_17835" align="alignnone" width="960"] A special evening at the Gustavia Yacht Club January 7. Photo: Facebook Gustavia Yacht Club[/caption]
With the season on the island of St Barts coming to a close, members of the Gustavia Yacht Club based in Europe need not fret about a dull summer social calendar after a chock-a-block few months of events hosted by Sir Stelios’ recently-founded club.
Gustavia Yacht Club has already held a few gatherings in Monaco, and now they’ve announced their first meet-up in the US.
The Club will be hosting a cocktail party with snacks on Sunday, July 2, at Baron's Cove in Sag Harbor, on the east end of Long Island, from 4 pm to 7 pm.
“As allowed for within the terms of reference of the Social Committee,” said Gustavia Yacht Club Manager, Benjamin Demarchelier, “our Club Manager Ben will be making a booking at the well known hangout Baron's for the benefit of our members and their invited guests.”
By agreement with the Club Manager, members can invite two more guests who might be prospective members, however, with a capacity for up to 40 people, the guest list will be on a first come first served basis by RSVP. The evening will be complimentary for members plus one guest.
Several Gustavia Yacht Club members in the US have already confirmed their attendance at Baron's Cove (31 W Water St): Benefactor Jason Redlus, member Antoine Verglas, and member Virginia Layton.
“We urge any members who were not already planning to do so to make their way to Sag Harbor for July 2. We will be reaching out to some of the prestigious local Yacht Clubs as well in order to further our reciprocal opportunities for the future. We are looking forward to this great opportunity to connect members and their friends in a lovely setting,” Mr Demarchelier added.