25 new Covid cases on 20 Jan. brings total to 1,287: 34 hospitalised: 19 resident + 8 in ICU: 4 resident, 142 home monitored, 1,058 recoveries, 9 deaths
Major economies continue to dominate the global ranking of the richest countries, with one nation’s private fortunes jumping by $200 billion (€177 billion) in six months alone, according to a new report released on Tuesday.
New World Wealth ranked the different countries according to the total amount of wealth, including property, cash, equities and business interests, held by all individuals as of June 2016. At least three countries from Asia appeared on the list, while four from Europe made it to the rankings.
Accumulating $48.9 trillion (€43 trillion) in wealth, the United States topped the overall list, followed by China, Japan, the United Kingdom and Germany in the top five. Rounding up the top ten are France, India, Canada, Australia and Italy.
Analysts are impressed by Australia’s showing in the top ten, considering that the country only has a population of 22 million. Australia, as well as Canada, has also overtaken Italy over the past 12 months, while China posted the fastest wealth growth over the past 15 years.
In terms of wealth held per person, European countries dominated the global rankings, with Monaco taking the number one spot. As of June 2016, the average person in Monaco owns $1.6 million (€1.42 million) in wealth, the highest in the world, reports New World Wealth, which also said the high average of wealth of Monaco’s residents can be attributed to the country’s tax-free regime. (Source: Gulf News)
The CSM has become the first public entity to take an interest in a private company, signing a financial deal with startup Coraliotech for its work applying coral molecules to human health.
Monaco’s entrepreneurial eco-system has received a major “boost” thanks to the opening of another government funded start-up incubator capable of supporting 108 businesses.
The Monaco Economic Board hosted its first ever economic e-mission with Russian entrepreneurs this month, paving the way for future business opportunities with the country.
Employees in Monaco will be able to have their hours reduced while maintaining full financial support from the State in the government’s latest bid to avoid layoffs due to the Covid crisis.
Villa Unda Maris, situated just metres from the Oceanographic Museum on the Rock, has gone under the gavel and achieved an eye-watering sale price of €75,300,000.
Women made up 41% of the workforce in large companies in 2019 and the majority were French. These are just some of the findings to come out of the latest report by IMSEE.
As a resurgence of the Covid pandemic brings continued uncertainty for the coming months, organisers of Sportel Winter have given up trying to pursue their February event at the Grimaldi Forum.
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