Monaco Times

Andy Burnham Takes Labour Leadership and Prepares to Become Britain’s Seventh Prime Minister in a Decade

Andy Burnham Takes Labour Leadership and Prepares to Become Britain’s Seventh Prime Minister in a Decade

The former Greater Manchester mayor was confirmed unopposed as Labour leader after securing overwhelming parliamentary and institutional support, clearing the way for him to replace Keir Starmer as prime minister on Monday.

Monaco Attracts Growing Numbers of Wealthy Residents as Global Millionaire Migration Reaches Record Levels

Monaco strengthened its standing as a leading destination for high-net-worth individuals after earning a top-tier ranking in the latest Henley Private Wealth Migration Report, as global millionaire relocations climbed to a record one hun...

Benetti to Unveil Fifty-Metre Superyacht Perseverance at Monaco Yacht Show

Italian shipbuilder Benetti confirmed that its new fifty-metre B-Now Oasis-class superyacht *Perseverance* will make its global debut at the Monaco Yacht Show in September, offering buyers and charter brokers their first look at the comp...

Monaco Grand Prix Delivers Strong Hospitality Revenue for Luxury Tourism Sector

Hotels, yacht charter companies and fine dining venues reported higher-than-expected hospitality revenues during the 2026 Monaco Grand Prix, highlighting the event's continued importance as a global gathering for business leaders and hig...

Mareterra Development Creates New Benchmark for Monaco Luxury Real Estate

The completion of the Mareterra waterfront district has introduced a new supply of environmentally designed luxury residences, attracting strong international demand and setting new price benchmarks for premium property in the Principality.

Yacht Club de Monaco Showcases Next-Generation Clean Marine Technology

Engineering teams from twenty-one countries gathered in Port Hercules for the thirteenth Monaco Energy Boat Challenge, demonstrating hydrogen, electric and artificial intelligence-powered propulsion systems as Monaco continues to promote...

Monaco Family Offices Expand Operations to Meet Tougher International Compliance Standards

Family offices across the Principality are strengthening their legal, tax and investment teams to demonstrate greater operational substance and decision-making capacity as international regulatory and compliance requirements become more ...

Global Wealth Report Reinforces Monaco's Appeal to Ultra-Wealthy Families

The latest Henley private wealth migration report shows billionaires increasingly view Monaco as a strategic European base within globally diversified portfolios, reflecting growing demand for political stability, international mobility ...

Monaco Property Prices Reach New Record as Luxury Market Continues to Climb

New research from Sotheby's International Realty and Savills shows average residential property prices in Monaco have risen to around fifty-seven thousand five hundred euros per square metre, with the Larvotto district surpassing seventy...

French National Assembly Overrides Senate to Pass Historic Assisted-Dying Legislation

A decisive lower house vote concludes years of intense national debate, establishing a legal framework for medically assisted suicide amid constitutional challenges.

Spanish Prime Minister's Wife Ordered to Stand Trial as Corruption Probes Encircle Governing Party

Judge bans Begoña Gómez from leaving the country while spreading investigations into Pedro Sánchez's inner circle weaken Spain's fragile ruling coalition.

Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth

English manager's defensive substitutions and post-match remarks ignite a national controversy following a late collapse against Argentina in the semi-final.

A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks

After a devastating semi-final loss to Spain on their national holiday, French fans experience the bitter reality of digital-era football as the national team heads south for a third-place playoff.

Monte-Carlo Summer Festival Boosts Luxury Tourism During Peak Mediterranean Season

Strong international attendance at the Monte-Carlo Summer Festival has driven higher spending across luxury hotels, restaurants, and entertainment venues, supporting Monaco's peak summer tourism season.

Yacht Club de Monaco Expands Renewable Energy Infrastructure

The Yacht Club de Monaco has added new solar power and electric charging facilities as it prepares to host the Monaco Smart and Sustainable Marina Rendezvous, reinforcing the principality's focus on cleaner maritime technologies.

Monaco Updates Digital Asset Rules to Attract Wealth Management and Fintech Investment

Financial regulators have introduced revised compliance guidelines for blockchain technology and digital asset services, aiming to expand Monaco's appeal to private banking clients while maintaining international transparency standards.

Residency Applications Surge as European Entrepreneurs Relocate to Monaco

Legal and wealth advisory firms are handling an unprecedented rise in residency applications from British and European entrepreneurs seeking to move to Monaco amid expectations of higher wealth taxes in their home countries.

Mareterra Waterfront Development Nears Completion as Monaco Property Prices Reach New Highs

Monaco's multibillion-euro Mareterra land reclamation project is approaching its final phase, with ultra-luxury residential and commercial properties setting new records for prices per square metre.

Monaco's Financial Sector Sees Record Inflows From Global Family Offices

Private banks in Monaco reported record summer inflows from European and Middle Eastern family offices as rising tax burdens elsewhere reinforced the principality's appeal as a politically stable and tax-neutral financial centre.

Interpol Investigates Deadly Bombing in Monaco That Targeted Business Figure

Interpol, European security agencies, and Ukrainian military intelligence are investigating a sophisticated remote-controlled bombing that killed a businessman in Monaco, an attack condemned by Prince Albert II as an odious act that chal...

Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"

European champions Spain beat France 2-0 to reach the World Cup final, extending their unbeaten run to 37 matches and setting a record with eight consecutive knockout victories at major tournaments.

Spain and UK Dismantle Gibraltar Border Following Landmark Schengen Integration Treaty

A new diplomatic framework officially incorporates the British overseas territory into the European Union's passport-free zone, replacing a physical fence with a digitized security network.

Monaco Energy Boat Challenge Expands With New International World Series

The Yacht Club de Monaco launched a global qualifying series for the Monaco Energy Boat Challenge, with events in Italy and Australia aimed at accelerating the development of hydrogen and e-methanol propulsion technologies ahead of the 2...

Monaco Private Banks See Artificial Intelligence Infrastructure Emerging as a Leading Investment Theme

Edmond de Rothschild's Monaco Private Banking division said ultra-high-net-worth clients are increasingly directing capital toward artificial intelligence infrastructure and technology supply chains as a long-term wealth creation strategy.

Blue Economy and Finance Forum Mobilizes Nearly Nine Billion Euros for Ocean Projects

The Prince Albert II of Monaco Foundation said the Blue Economy and Finance Forum secured almost nine billion euros in new commitments from sovereign wealth funds and private investors to support ocean conservation, sustainable aquacultu...

Monaco Financial Regulator Imposes Eight Hundred Thousand Euro Penalty for Compliance Failures

Monaco's financial watchdog fined a local corporate service provider eight hundred thousand euros, signaling tougher enforcement of compliance standards across the Principality's wealth management sector.

Monaco Strengthens Anti-Money Laundering Rules With New Financial Reforms

The Principality introduced three new regulatory measures that tighten customer due diligence, strengthen suspicious transaction reporting, and expand supervisory powers, bringing Monaco's financial framework closer to international tran...

Prince Albert II Opens First Phase of Monaco's New Princess Grace Hospital

Prince Albert II officially inaugurated the first phase of the ecologically certified Princess Grace Hospital, enabling the gradual transfer of nearly seventy-five percent of the Principality's hospital services into a modern, energy-eff...

Mareterra Development Reshapes Monaco's Luxury Property Market With Record Real Estate Prices

The two billion euro Mareterra district has been fully integrated into Monaco's urban landscape, lifting property values in the Larvotto area above seventy-one thousand euros per square metre and establishing a new ultra-prime destinatio...

Monaco Property Transactions Face Greater Cross-Border Legal Scrutiny

Monegasque notaries say international buyers are carrying out more detailed legal and technical due diligence on luxury property purchases, with greater attention to construction quality, tax considerations, and cross-border compliance.

Helicopter Operators Expand Riviera Services as Demand Grows

Charter operators are increasing helicopter capacity between Monaco, Nice, Cannes, and Saint-Tropez to meet rising demand from residents, family offices, and international visitors seeking faster regional travel.

Blue Wake Initiative Promotes Low-Emission Superyacht Technology

The Monaco Yacht Show's Blue Wake programme will showcase zero-emission technologies and sustainable yacht design as the Principality advances its broader carbon reduction objectives.

Fontvieille and Larvotto See Rising Demand From International Buyers

Real estate agencies report growing interest in Monaco's Fontvieille and Larvotto districts as internationally mobile families seek waterfront homes, secure neighbourhoods, and convenient access to international schools.

Herculis Diamond League Brings World's Top Athletes to Monaco

Monaco welcomed leading Olympic athletes for the Herculis Diamond League meeting at Stade Louis II, reinforcing the Principality's reputation as a host of major international sporting events.

Princess Charlene Foundation Expands Global Water Safety Campaign

The Princess Charlene Foundation will host a public water safety programme ahead of World Drowning Prevention Day, working with the Monaco Red Cross and Maritime Police to promote drowning prevention and maritime education.

Monaco Grand Prix Continues to Drive Record Hospitality Spending

Hospitality and real estate operators said spending during the Monaco Grand Prix generated revenues up to seven times higher than normal trading periods, supported by strong demand from affluent international visitors.

Société des Bains de Mer Begins Hotel Renovations to Maintain Luxury Leadership

Monte-Carlo Société des Bains de Mer has launched phased renovations at Hôtel Hermitage and the Monte-Carlo Bay Hotel as part of its strategy to maintain competitiveness in the global luxury hospitality market.

Monaco Family Offices Expand Direct Private Equity Investments

Multi-family offices in Monaco are increasingly combining client capital to access direct private equity and venture capital investments, giving wealthy families broader exposure to international investment opportunities.

Demand for Private Jet Access Rises Ahead of Monaco Yacht Show

Private aviation operators report strong demand for landing slots at Nice Côte d'Azur Airport and helicopter transfers to Monaco as yacht owners, investors, and industry executives prepare for the Monaco Yacht Show.

Societe Generale Private Banking Expands Sustainable Investment Services

Societe Generale Private Banking has broadened the use of environmental, social, and governance criteria across discretionary portfolios, responding to growing demand from wealthy clients for sustainable investment strategies.

Entrepreneurs Increasingly Choose Monaco as a Business Base

Wealth advisers report that more international entrepreneurs are establishing companies and family offices in Monaco, viewing the Principality as a long-term business and administrative hub rather than solely a luxury residential destina...