Lorraine Wylie gets the royal treatment in Monaco and drops in on the Irish woman who hosts Europe’s most exclusive parties.

Former Ferrari Formula One team boss Jean Todt has stepped down as chief executive of the Italian sports car company.

JEAN TODT is to be replaced as boss of the Ferrari Formula One team by Stefano Domenicali from January.

All of the major European car manufacturers say they're ready to set up their own championship to rival Formula One.