Monaco

AS Monaco basketball club declares insolvency and drops to the third tier in France following financial collapse tied to oligarch Aleksey Fedorychev's legal troubles.

Just 15 months ago it played in the EuroLeague final, and last season it celebrated a championship and four titles, but now Monaco is experiencing a historic collapse: the French Basketball Federation rejected the club's appeal after it failed to provide financial guarantees, and it has been relegated to the third division.

The Champions League is approaching the first big moment of the 2026/27 season: the league phase draw, which will be held on Thursday, August 27, in Monaco. According to UEFA, the upcoming season will be the 72nd in the history of the competition and the third in the new format, in which there is no classic group stage but a single table of 36 teams.

A CNN investigation reveals the sequence of events surrounding the assassination attempt on the Ukrainian millionaire in Monaco, the suspect's flight, and her mysterious murder days after the attack. The mother of the murdered suspect: 'What have you done, my daughter?'

Mellanox founder and businessman Eyal Waldman (66) and his partner Maya (22) continue to enjoy their time together, having recently completed a prestigious real estate deal in Monaco.

The Israeli model and her partner, a Formula 1 driver, were spotted in Monaco during an unusual ride, but it was the additional passenger she was holding that sparked a heated debate on social media.

The friendly match between Monaco and Getafe on Thursday ended in a 1-0 victory for the hosts, but the evening at Stade Louis II will be remembered for a shocking tackle by Christian Mawissa on Chrisantus Uche. The Nigerian international, who returned to Getafe to lead the team this season, suffered a severe injury in the 78th minute. Getafe confirmed on Friday that the player has suffered...

Jamal Mashburn leads a group of American investors set to take control of the French champions after submitting a bank guarantee of approximately 7 million euros. The club's budget will be reduced from over 38 million to 12.5 million euros.

Real estate developer Tzahi Hagag and his wife Rotem flew on a private jet to France with their children, from where they continued to sail in the open sea accompanied by a personal chef and finished at one of the most prestigious hotels.

Even the world's wealthiest are not immune to economic shifts. A new report by Julius Baer reveals the rising costs of a luxury lifestyle and how global elites are adapting their financial habits.