Employees of the Columbus Hotel Monaco continue strike

 November 04, 2013

It is now one week than thirty employees of the Columbus Hotel is on strike. A move that is expected to continue. They are protesting against a restructuring plan that dare not speak its name management. The dialogue seems complex between the two parties. The strikers went this morning to the Labour Inspectorate to request […]

From desert sand to streets of gold

 October 24, 2013

Monaco’s grand boulevards and marina promenades may not actually be paved in gold, but they are still a world away from the tough, barren plains of Iraq and the trials of the French Foreign Legion that taught many of ALGIZ’s team their trade. Yet despite the obvious differences between the luxury of the Principality and […]

Putin on the Ritz? Russian Leader said to have Billions

 October 22, 2013

Despite the public image of Russian President being depicted as one who has worked as a gallery slave and is poorly paid, his official income as reported was $187,000 last year. Surprisingly, his official assets are limited to a small apartment along with three cars. Though speculations about Putin’s financial worth is still speculative, his […]

The house loses in trademark case

 October 21, 2013

A UK court has rejected a claim for passing-off and trademark infringement of the marks Monte-Carlo (registered in 2009) and Casino De Monte-Carlo (registered in 2010) brought against Anglofile International Ltd trading under the name ‘Monte Carlo Casino Entertainment,’ thelawyer.com reported today… The claimant in this case was the owner of Casino de Monte-Carlo in […]

Five Billionaires who Dropped out of University

 October 20, 2013

Five billionaires who dropped out of university. We tend to equate dropping out of university with joblessness, potentially leading to homelessness right? We might want to reconsider that assumption, given that there are 5 tech billionaires out there who dropped out of university. As the following list demonstrates, kissing goodbye to a diploma does not […]

Brazilian Billionaire Eike Batista Loses $34.3 Billion

 October 18, 2013

Paulo Mendonça the chief executive of OGX Petróleo was quite optimistic that the company he was leading would eventually succeed to become a leading autonomous producer of oil and the cornerstone for Eike Batista’s sprawling Brazilian resource empire. But that was fifteen months ago. Later in an interview with Reuters, Paulo Mendonça rubbished concerns about […]

Local daily examines French tax problem

 October 18, 2013

Thanks to the imposition of French taxes, the French population in Monaco continues to decline. Whereas there were 15,317 French nationals living in the Principality in1982, the total has fallen to below 8,000 for the first time and there are now 7,718 living in Monaco, local French-language daily reports this morning Within 18 months, the […]

The fall-out from Falciani

 October 18, 2013

A 41-YEAR-OLD native of Monaco increasingly looks to be to banking what Edward Snowden is to American surveillance. In 2008 Hervé Falciani walked out of the Geneva branch of HSBC where he’d worked for three years, clutching five CD-Roms containing data on tens of thousands of account holders. The theft has lobbed a bomb into […]

Wang Jianlin the Richest Person in China and his Plans for the Future

 October 16, 2013

Wang Jianlin is undoubtedly the richest man in China. This property mogul has a vast collection of opulent shopping centers and world-class hotels, a part of his hobby, is now set to conquer Hollywood. Jianlin, a former soldier, has recently revealed his decision to spend close to $8.7 billion to construct a bigger entertainment and […]

On his way to Billionaire Status: David Copperfield

 October 15, 2013

That’s right: David Copperfield may just as well be the most financially successful entertainer in history. Copperfield has so far sold 40 million tickets and grossed over $4 billion, which is more than any other solo entertainer in history. Period. Magician David Copperfield is hands-down one of the wealthiest Americans in the world. Forbes has […]

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