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Evening Update 14 Sept

Tax - Plans for abolishing the Tax d’Habitation have been revealed this afternoon by the Minister of Public Accounts. He said couples with no children, and an income of under €48,000, and single people with an income of under €30,000, will soon be exempt from the tax.

Fire - A 14 year old teenager has been arrested and is being accused of starting a number of fires in the Bouches-du-Rhone during the summer, including one which forced thousands of passengers off SNCF train services for a night in August. It’s reported the teenager was arrested, when he was caught red-handed trying to start another fire.

Monaco - The Director of Judicial Services in Monaco, Philippe Nar.mino, has announced he is to take early retirement. He said his decision was primarily driven by the best interests of the Monaco justice system.

Award - It’s been announced that Oscar-winning filmmaker James Cameron is to receive the Prince Rainier III Award, recognizing him as a renowned leader in the arts and his service to the community. Mr Cameron directed the two highest-grossing films of all time, Titanic and Avatar, while winning three Academy Awards. The Award will be presented in Beverly Hills next month by Prince Albert who described Cameron as one of Hollywood’s most iconic filmmakers and dedicated philanthropists.

BUSINESS

OG Oil and Gas, owned by Monaco-based Ofer Global, is to put a buy-out option on the table to investors in New Zealands NZ Oil and Gas. OG, founded by the son of shipping mogul Sammy Ofer, said it’s giving NZOG shareholders 77 cents a share, outbidding an offer by Singapore-owned Zeta Resources.

Ratings agency Moodys has said the state of Qatar has used 32 billion euro to support its economy during a dispute with other Arab states. Trade, tourism and banking sectors have been worst hit by the restrictions put in place by Saudi Arabia, United Arab Emirates, Egypt and Bahrain, who cut-off Qatar over its alleged support for terrorism.

Brexit supporter Sir James Dyson has said he expects the UK to leave the EU with no deal, and trade to default to World Trade Organization rules and tariffs. Sir James, who founded the engineering firm Dyson, said such an arrangement would hurt the Europeans more than the British.

SPORT

Football - Reports say Eric Ciotti has requested that supporters of OGC Nice be allowed more flexibility in attending European Cup matches. Ciotti met with the French Interior Minister to talk about the situation and asked for a relaxation of the rules after Nice fans were forbidden to travel to Naples for the first round of the Champions League in August. OGC Nice are in Europa Cup action tonight, taking on Zulte-Waregem. Kickoff in Belgium is at 9.05pm.

Formula 1 - Red Bull are set to split with engine partner Renault at the end of the 2018 Formula 1 season. Renault have told Red Bull they no longer want to supply them after next season, and while the move has not been officially confirmed, insiders say the divorce is almost certain. The move means Red Bull will be forced to use Honda engines with both its teams in 2019.

Olympics News - Seventeen anti-doping organisations have demanded that Russia is banned from the 2018 Winter Olympics. Less than five months before the start of the games, they said the International Olympic Committee's refusal to hold Russia accountable for one of the biggest scandals in sports history, imperils clean athletes and the future of the Olympic movement.

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