Evening Update Update Monday July 2023

A last minute rush of property owners declaring their situation to the French state, has caused problems with the impots.gouv website today. To accommodate any delays, tonights deadline has been extended for a final 24 hours, after which any owner who has not declared a property, could face fines or sanctions. The declaration is being used to identify premises exempt from the tax d’habituation which was abolished for all main residences this year. Since January 1, each owner must declare if their property is being used as a primary residence, empty, rented or used as a secondary residence. In the case of a secondary residence, you will still be liable to pay the tax d’habitation.

A crash involving two busses in Cannes, which injured 32 people yesterday evening, is believed to have been caused by a technical fault. The driver of one bus reports his vehicle suddenly accelerated and brakes stopped working. As the bus careered at high-speed, the wrong way down Place du General de Gaulle, the driver tried to warn another bus coming in the opposite direction by flashing his headlights. Eventually he collided into the other bus and several parked motorbikes. Sixty firefighters attended the scene where 19 people with minor injuries were taken to hospital. A full investigation is to take place.

A man in his fifties is recovering in hospital after being stabbed in the throat in Nice last night. The incident, which happened on the Boulevard du Mercantour around 11pm, is being investigated by police.

In Mandelieu-la-Napoule a fire on the fourth floor of an apartment building has been brought under control this afternoon. The fire, which happened around lunchtime, is believed to have started in a kitchen. 20 people were evacuated, with six taken to hospital suffering from breathing problems.

In Monaco, Christophe Steiner has been confirmed as Prince Albert’s new Chief of Staff. The 64-year-old banker, served as president of the National Council from 2016 to 2018, before being appointed Ambassador of Monaco to France. He officially takes up the position on September 4th. 

Monegasque traffic is expected to be significantly disrupted over the next two weeks, as public works begin on the Boulevard du Jardin Exotique and the surrounding neighbourhood. Works include refurbishing the public lighting system and creating a new sewer network. The work will be conducted 9am and 4pm weekdays and are due to take two weeks to complete. In other Monaco transport news, car parking in the principality can now be paid using your mobile phone. The new app allows you to pay, extend, reduce or interrupt the duration of your parking remotely. For full details see monaposs.mc or paybyphone.fr

Business News

European markets are up today after euro zone inflation fell from 5.5% in June to 5.3% for this month. Inflation over the last year was initially driven by high energy costs, but in the last few months its food prices which are increasing the most. Food, alcohol and tobacco prices are up an average 11% in the Eurozone. 
US stock indexes are also edging upwards and key benchmarks are on track to end July higher. Investors are also waiting on key quarterly earnings due this week from megacap’s Apple and Amazon. 

Italy is to try to back out of a major investment into China’s BRI Belt and Road scheme which has been labelled as a disaster by Guido Crosetto Italy’s Defence Minister. The idea of the scheme is to connect China with Europe by rebuilding the old Silk Road trade route. Italy was the first developed economy to join the BRI scheme four years ago, a move criticised by its Western allies at the time.


Football - Kylian Mbappé has until midnight tonight to confirm if wants to stay with Paris St Germain in 2024 or run out his contract, after which, he will be free to leave. If he doesn’t confirm, PSG will have to decide whether to cash in on their prolific striker now or risk losing him for free next year.

AS Monaco have agreed a €45m deal for their defender Axel Disasi to move to Chelsea. Disasi has made 118 appearances for Monaco since joining from Stade de Reims three years ago. He has earned four caps for France, making his full international debut in the World Cup last November.

In Women’s World Cup football, Australia have advanced to the last-16 with a convincing four nil win against Canada this afternoon.  Also enjoying a whopping four nil victory are Japan, who advance after their one-sided game with Spain. Leaving the competition today are the Republic of Ireland following their nil all game against Nigeria.  

Formula 1 - Max Verstappen has admitted his winning streak "keeps the fire going" after another dominant performance at the Belgian Grand Prix. Verstappen started from sixth but took the lead by the end of Lap 17 to win by 22 seconds from team-mate Sergio Perez.

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