THE BEST FINANCE NEWS ON PAGES 14 - 18
LOYALTY PAYMENT THE Balearic Govern‐ ment is looking to im‐ prove the finances of just over 10,500 of its workers. On Tuesday May 3, it signed an agreement with six unions (the UGT, CCOO, CSIF, UPF, SUP and CEP) whereby it will apply to the Spanish National government for payment of what it refers to as a loyalty supplement to stop staff from leaving. A significant percent‐ age of those currently employed (62 per cent) in certain areas of gov‐ ernment are aged 50 years or more and as such are in a position to apply for early retire‐ ment. The intention is that those in the areas which are most difficult to fill such as prison officers, police including the Guardia, the judiciary and other areas where specialist knowledge is needed, should receive some form of payment to acknowledge their work during the time of the pandemic as well as an increased monthly salary. Once this concept is supported by the State, then financial guidelines will have been estab‐ lished, allowing for new recruits to be attracted to jobs offering higher than average salaries.
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MALLORCA • EUROWEEKLYNEWS.COM
BRITISH AMBASSADOR IN MALLORCA Credit: Patricia Gómez Picard Twitter
Issue No. 1922
Hugh Elliott in Mallorca.
HUGH ELLIOTT, the British Ambassador to Spain visited Mallorca to present an Hon‐ orary MBE to a doctor at Son Espases hospital. The award was given to Juan José Segura‐Sampedro on Monday May 2 in the presence of Patricia Gómez, Picard Balearic Minister of Health, in recognition of his services and dedication to keeping British tourists safe and treating them when nec‐ essary. Accompanied by Consul General for the Balearics, Lloyd Millen and Vice Consul Lucy Gorman, he also had meetings with President of the Balearic Government
Francina Armengol and Presi‐ dent of the Consell de Mallor‐ ca Catherine Cladera. The Ambassador last visit‐ ed the Consell a year ago and at that time, the main topic of conversation was the situa‐ tion with the pandemic and recovery of the tourist indus‐ try. Both parties agreed that the vaccination procedures and the efforts of all to fight the virus had borne fruit and now the Consell de Mallorca had a good plan for promot‐ ing tourism worldwide, but particularly wished to see the return of British holidaymak‐ ers. She explained the desire
for Mallorca to lead the trans‐ formation and be a bench‐ mark in sustainable, quality destinations throughout the year, consolidating the island as a sports destination, pro‐ moting tourism sustainability projects with the Next Gener‐ ation funds and looking for tourism that improves the quality of life of residents and workers and the tourist expe‐ rience of visitors. The visit to President Ar‐ mengol was more of a cour‐ tesy call, although it is re‐ ported that discussions took place about residency issues, delay in issuing new pass‐ ports and tackling anti‐social behaviour.
FREE • GRATIS
PEACE MARCH SCHOOLCHILDREN in Marratxi protested against the Russian invasion of Ukraine as literally thou‐ sands took to the streets on Friday April 29. The students, dressed in yellow and blue, the colours of the Ukrainian flag, marched under the slogan ‘Schools of Marratxí for peace’ from Sa Ca‐ bana to the CEIP Ses Cases Noves carrying ban‐ ners with slogans demanding peace as opposed to war. The initiative for this demonstration came from children in the fourth to sixth grades who attend the municipality’s Es Liceu school and they man‐ aged to interest all of the primary schools in the area. “A couple of weeks ago they talked in the class‐ rooms about what we could do to express our op‐ position and we decided to demonstrate and shout loudly to make it clear that they were against this conflict and that we wanted peace,” said Inés Ramos, head of studies at Es Liceu school. The mayor of Marratxí, Miquel Cabot, said that this march for peace “shows that our people rep‐ resent the values of Marratxí, which are solidari‐ ty, peace, a more just and egalitarian world and are with the people Ukrainian people and the misfortune they are suffering.” He also emphasised that children are very sen‐ sitive and supportive and were some of the first to show their opposition to this invasion.
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Tourist drinking
THE Palma Council has instructed the Local Police to explain the regulations surrounding the current campaign to en‐ sure that tourists do not make a nuisance of themselves. The aim of this campaign is to avoid the advertising of al‐ coholic drinks, both on public roads and in private establish‐ ments; sale or service of alcohol to minors; sale of alcohol in general on public roads; promotion of indiscriminate alcohol consumption. The campaign began in areas surrounding Playa de Palma on Monday May 2 and will be developed over the coming weeks across the city. The sanctions con‐ tained within the Ordinance regulating the civic use of public spaces (ORUCEP) range from €100 (minor infractions) to €3,000 (very serious). ZEIT (inappropriate alcohol consump‐ tion and advertising) affects public establishments known as beer gardens, prohibits all dynamic advertising on Playa de Palma and contains a number of restrictions. Penalties for organising pub crawls, party boats, advertising and selling al‐ cohol to minors can range from €6,001 to €600,000 and any tourist found ‘balconing’ can also face fines.
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New public housing
THERE are to be a fur‐ ther six new apart‐ ments built in Palma to add to the existing public housing stock in the municipality. On Monday May 2, Balearic President Francina Armengol ac‐ companied by Minister of Mobility and Hous‐ ing, Josep Marí and Palma mayor, José Hi‐ la, laid the first stone at a new project in the suburb of La Ribera. Budgeted to a cost of €660,990, excluding
Credit: Balearic Government
NEW BUILD: Laying of the first stone.
VAT, the development will have a built area of 379.26m2, with a ground and a first
floor. There will be four one‐bedroom apart‐ ments, two on the ground floor and two
on the first floor, and two two‐bedroom du‐ plex apartments with at least one being
made available to a young person or per‐ sons. The work is ex‐ pected to take 15 months and President Armengol said housing is “one of the priorities we have as a govern‐ ment since 2015,” which is why a “hous‐ ing policy in a broad sense” has been pro‐ moted, which not only involves the construc‐ tion of new buildings but also rent subsidies and the right to take over empty properties.
A quiet room Credit: Palma Council
POLICE STATION: Opening of the Quiet Room.
ON Tuesday May 3, the Palma Local Police inaugurated the Sala Amable (Quiet Room) in the Sant Ferran station. It will be used mainly to take the statements of victims of gen‐ der violence, as well as young‐ sters accompanying adults making life more comfortable for those who may be ner‐ vous, in accordance with guid‐ ance issued by UNICEF. The room was formally opened by mayor of Palma, Jose Hila with the Government Delegate, Aina Calvo and vari‐ ous representatives of the council and police. The mayor said “We need to protect mi‐ nors, and more so in situations that involve having to come to a police station. We have creat‐ ed this space where children can play while paperwork is be‐ ing done and is a fundamental service for women victims of gender‐based violence.” A total of €7,851 was spent on getting this room ready as it has been decorated and equipped with furniture and a TV.
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NIBS EXTRA Airport jobs PALMAACTIVA is organis‐ ing a number of job inter‐ views for staff required by Areas, which has 50 job vacancies in airport restaurants. There’s a need for kitchen helpers, waiters and staff for Burg‐ er King. These interviews will take place on Tuesday May 10 at the PalmaActi‐ va facilities
Saharawi children AFTER two years of no vis‐ its and despite the recogni‐ tion of Morocco’s claims to Western Sahara by Spain, Saharawi children will re‐ turn to the Balearic Islands this summer as part of the Holidays in Peace pro‐ gramme organised by the Association of Friends of the Saharawi People.
Rental cars THE deputy of El Pi‐Propos‐ al Por Las Illes Balears in the Balearic Parliament, Maria Antònia Sureda, has proposed establishing a ceiling on the number of rental cars that can be made available to hire in the Balearic Islands due to fears that the busy roads will get even worse.
Sea trials THE world’s deepest diving three‐person acrylic sub‐ mersible was officially named Aurelia in Barcelona at the end of April and will soon prepare for its first mission as part of the REV Ocean explo‐ ration team after it under‐ goes trials off the coast of Mallorca.
Residents only SANTANYÍ Council is re‐ stricting access to 20 streets in the town of s’Al‐ munia so that only the ve‐ hicles of residents in the municipality can pass through in order to keep visitors to the local beaches from causing traffic jams and annoyance to resi‐ dents.
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European Riskcoast
A SPECIAL drill organised by the Directorate-General for Emergencies and the Interior took place on April 28. It was part of the European Riskcoast project, in which Spain, France and Portugal are members and the aim is to establish a network of transnational cooperation for the development of tools to prevent and manage geological risks on the coast linked to climate change. Rocky landslides are a dynamic geological phenomenon in the area of the Balearic Islands, especially in the islands of Ibiza and Mallorca and these events are
Credit: 112 Mallorca Twitter
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SPECIAL DRILL: Attendees observing the action.
closely linked to a complex geology that, in combination with triggers, high rainfall and low temperatures, is a highly dangerous activity for the safety and integrity of people. The simulation took place
in the Serra de Tramuntana (Sa Calobra-Escorca) and in the area of Es Cubells in the municipality of Sant Josep de sa Talaia, (Ibiza) both places with a geological structure that has historically shown numerous landslides and
slope movements, thus presenting itself as an ideal scenario for the simulation of several simultaneous scenarios. Those participating included 112, Mallorca Fire Brigade, Ibiza Fire Brigade, National Police, SAMU061, Guardia Civil, AEMET, IGME, Department of Roads of the Consell de Mallorca and the Consell d’Eivissa, the General Directorate of Water Resources, Local Police and Government Delegation. Observers from different parts of Spain and Portugal were on hand to record the results.
Hollywood to the island
HOLLYWOOD star Nicolas Cage travels to Mallorca in his new film, The Unbearable Weight of Massive Talent, which is due for release in Spain on Friday, May 13. The 58‐year‐old plays him‐ self in the film, which is set on the island at one point in the film as well as in Croatia, showing himself as an actor on the decline who is desper‐ ate to make one more lasting impact on the film industry. In the film, Cage agrees to travel to Mallorca to be seen
NEW FILM: Nicolas Cage arrived on a private jet.
Wonder of the Seas
AN inaugural visit to Palma was made by Won‐ der of the Seas, the world’s largest passenger ship which docked in the early morning of Tuesday May 3. Cruise ships were major losers during the two years of the pandemic, with the relatively close contact of so many passengers and crew being a breeding ground for the transmission of the virus. For some considerable period, these vessels were almost like the legendary Flying Dutchman as they were not welcomed in ports and had to stay at sea with their crews until the pandemic started to wane. Now they are back with a vengeance and Roy‐ al Caribbean’s latest flagship has 18 decks, caters
PASSENGER SHIP: Wonder of the Seas.
for nearly 7,000 passengers with 22 restaurants and 11 bars, plus a number of attractions to en‐ tertain children and those young at heart. It is expected that Palma will be a regular port of call for Wonder of the Seas although the sud‐ den arrival of thousands of passengers as well as some of the 2,300 crew may not sit well with those wishing to see fewer liners and tourists vis‐ iting Mallorca’s capital.
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at the birthday party of a mul‐ timillionaire fan, played by ac‐ tor Pedro Pascal of Game of Thrones and The Mandalori‐ an fame and then becomes embroiled in a CIA operation. However, this is not the on‐ ly reference to the Spanish territory in the film, as the Academy Award winner is al‐ so involved in a surreal plot in which he has to rescue the daughter of the president of Catalonia. The Unbearable Weight of Massive Talent is directed by Tom Gormican and the cast, in addition to Cage and Pas‐ cal, includes Tiffany Haddish, Neil Patrick Harris, Demi Moore, Sharon Horgan, Jacob Scipio, Alessandra Mastronar‐ di and Spanish actor Paco León.
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Smart Island Mallorca UNDER the banner of the Smart Island Mallorca pro‐ gramme, a new central fire station and road coordina‐ tion and traffic cen‐ tre has been creat‐ ed. This modernisa‐ tion has cost €100,000, half of which has been used to purchase new equipment and technology for the room and has been funded by the Balearic Ministry of Economic Affairs and Digital Trans‐ formation. The balance was used to create and adapt the space of the room and has been funded by the Consell de Mallorca. The centralisation of the Fire and Road Service in the same control room allows greater coordina‐ tion between them and an improve‐ ment in reaction time, so the room makes it possible to manage in the shortest possible time all information received which can be shared within the resources of the two services.
and finally... AN error by either Ryanair or their ground handling agent on Saturday, April 30, resulted in 14 passengers being left stranded at Palma de Mallorca airport. Their flight took off, destined for Malaga, but this group of passengers were somehow left behind. It appears that passengers were being bussed to their aircraft and the last 14 were seemingly forgotten about as no bus came for them and before they knew it, the aircraft had departed without them. Whilst irritating to the passengers who were offered seats on a later flight, it must be assumed that at least some of them will have had baggage in the hold and as they had all checked in cor‐ rectly, both the airline and the handlers should never have al‐ lowed the plane to depart.
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Warning, Nolotil, is a dangerous drug TIRED, coughing, feverish were the complaints of my neighbour Mark, when I visited him about two weeks ago. Corona, we decided and with this Omicron va‐ riety going around he would be back on his job and in the pub in a couple of days. Next day he did not look any better and was coughing up a lot of nasty stuff. Some more Paracetamol, extra vitamins and things would be better soon. Next day I called Mark in the morning to ask if he needed any shopping to be done: “I am just at the Farma‐ cia and tested negative for
For short-term use only.
corona” he said with a very shivery and croaky voice. Off we went to the emergency in La Nucia because his throat was on fire. Streptococcal bacteria had taken hold of him resulting in a ‘Strep throat’, and a quite severe case at that, was the diagnosis of the doctor. Off to the hospital in Villajoyosa we
were sent. I drove fast be‐ cause Mark had now also breathing problems due to his swollen throat and was spew‐ ing out more and more muck. In to the emergency at the hospital ward, by now needing a wheelchair, I deliv‐ ered him with a very worried look into the hands of the medical staff. Mark’s wife Mandy had cut her holiday in the UK even shorter and was on her way back to Spain. All we could do was wait. Next day the news came.
Due to a very painful menis‐ cus problem Mark was pre‐ scribed Nolotil (also called metamizol) which he had used for over a week. Howev‐ er, Nolotil has been found in some cases to cause sepsis leading to different forms of infection including viral ones. In Mark’s case his white blood cell count was reduced to zero (0) leaving his body de‐ fenceless against infection. Luckily for him, however nasty and very painful, he only suf‐ fered from a Strep throat. Many cases are known where the side effects of Nolotil lead to internal infections.
In other cases the rapid drop in white blood cells (Agranulocytosis) can lead to death within a couple of days. Although the Spanish AEMPS (Spanish Agency for Medicines and Health Prod‐ ucts) warned for many years about the danger of this prod‐ uct, it is in Spain still frequently prescribed and at Farmacias also available without pre‐ scription. AEMPS commands Nolotil as a prescription‐only medicine and recommends ‘only for short‐term treat‐ ment’. If prolonged treatment is necessary, carry out regular
(haematological) controls for Agranulocytosis symptoms. Now, Mandy, glad that her ‘hubby’ is back home after eight days at the hospital, sees it as her duty to warn every‐ body about this danger. She also tries to figure out why North Europeans seem to be more susceptible to the disad‐ vantages of Nolotil. This even more since Mark was pre‐ scribed Nolotil for his painful knee for a minimum of 10 days, three times a day at 525 mg without any monitoring. Cristina Garcia de Campo has been campaigning against the widespread use of Nolotil.
Spain’s jobs boom SPAIN’S Stability Programme, pub‐ lished on Friday April 29, forecasts the creation of 1.5 million new jobs and an unemployment rate of under 10 per cent by 2025. The improved forecast is based on the government’s belief that labour reforms approved at the end of 2021, will reduce unemployment. The main objective is to bring the current unemployment down from the current rate of 13.6 per cent, with the pandemic over and the govern‐
ment making major investments in new infrastructure and new technology. Adding to the positive forecast is the news that the economy is now on a more sound footing, even though the pandemic drove up borrowing, with a positive current account and savings fig‐ ures at their highest levels since 2008. There has also been a drop in tempo‐ rary unemployment. The programme also focuses on the implementation of active employment
NEW JOBS: Forecast has improved. policies that seek to reduce structural unemployment making an adjustment between supply and demand. Attention will also be given to increasing flexibility in employment and an increase in pro‐ ductivity.
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Investment approved AFTER 30 years of activity, the slaughterhouse in Mana‐ cor closed its doors in 2019 due to the need for a num‐ ber of improvements to be made. On Tuesday May 3, representatives of the Balearic Ministry of Agriculture, Fisheries and Food, the Consell de Mallorca and the Manacor Council signed an agree‐ ment allowing for the improvement of the building to take place. The Balearic Government will pay €900,000 and the Consell de Mallorca €600,000 on top of the €500,000 already expended by Manacor Council in or‐ der for the slaughterhouse which previously handled cattle, pig and sheep to reopen. Manacor Council owns the property and the land it is built on and the parties agree that there is a need to make a commitment to promote the production and sale of local produce as well as food sovereignty so that local animals do not have to travel long distances, but may be processed quickly and efficiently in Mana‐ cor.
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Cleaning up
CAMÍ A LA MAR is a project organised by the Soller and Fornalutx councils to gener‐ ate environmental aware‐ ness, education and care for nature through a campaign aimed at families, students, young people and schools. Starting at 3pm on Satur‐ day May 28 and planned to last until 8.30pm, people will be asked to collect urban waste from some of the dry stream beds in Soller and Fornalutx as well as the beach with the campaign starting at Pl. Sa Torre. Those taking part will be organised in ‘brigades’ of
five to six people or families who will be assigned a brigade leader (member of Civil Protection, Scouts or other collaborating entities) who will be assigned a stretch of torrent or beach to collect waste (plastics, glass and others) manually trying to create the least inconve‐ nience to existing wildlife. Fo r t h e c o l l e c t i o n , t h e o r ‐ ganisation will provide each of the participants with pro‐ tective gloves, bags and caps. In addition, a t‐shirt will also be given to identify all participants in this activi‐ ty.
Campaign caring for nature.
Participants will be given a temporary permit to park their vehicles in all ORA ar‐ eas during the activity.
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Ireland border checks
FEARING rising inflation, the UK has postponed border checks in Ireland for the fourth time, pushing the implemen‐ tation to the back end of 2023. The checks required as part of the divorce agreement were implemented by the EU imme‐ diately after the agreement came into force, however the UK has failed to implement the checks despite signing the
agreement. Firstly because they said they needed more time to get prepared, then to appease political allies in North‐ ern Ireland and now as the country battles, like the rest of the world is, with rising infla‐ tion. The government said that spiralling energy costs and frag‐ ile global supply chains were the main reasons behind the decision.
BORDER CHECKS: Have been cancelled again.
Netflix axes Meghan
MEGHAN MARKLE’S new animated se‐ ries has been axed by streaming giant Netflix. After its recent well‐documented loss of 200,000 subscribers, the company has decided to drop the series, titled ‘Pearl’. David Furnish had worked on this pro‐ ject with Meghan, Duchess of Sussex, as executive producer. The main feature of the series was a 12‐year‐old girl ‘inspired by influential women from history’. ‘Like many girls her age, our heroine Pearl is on a journey of self‐discovery as she tries to overcome life’s daily chal‐
lenges’, a statement from Meghan Markle read when the series was an‐ nounced last year. Netflix boss William Ackman said in a statement, ‘While Netflix’s business is fundamentally simple to understand, in light of recent events, we have lost confi‐ dence in our ability to predict the compa‐ ny’s future prospects with a sufficient de‐ gree of certainty’. Following the docu‐series ‘Heart of In‐ victus’, ‘Pearl’ was to be the second se‐ ries to be produced from the Sussexes’ Netflix deal signed in September 2020.
Banking fee rises CAIXABANK and San‐ tander have done away with free banking from Sat‐ urday, April 30. Clients of the two banks, who do not meet their conditions for free banking, will have to pay up to €240 a year. According to personal fi‐ nance website ‘HelpMy‐ Cash’: Banks will penalise those customers who do not have their salary paid into their account each month, as well as those on low incomes. If you bank with any of these compa‐ nies it is important that you check what criteria you need to meet to make sure that you do not pay unnec‐ essary fees. Both Caixa and Santander have changed their fee structures effec‐ tively doing away with free banking.
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Algeria threatens Spain
ALGERIA has threatened to cut Spain’s gas supply if any is diverted to Morocco after the Spanish government sought to reopen the Maghreb gas pipeline. In its response the Pedro Sánchez government said that any gas shipped to Mo‐ rocco will not be Algerian gas, but gas that is procured from other suppliers. The Algerian government in issuing the threat said: “Any transport of Algerian natural gas delivered to Spain, whose destination is none other than that provid‐
Passport warning A PASSPORT OFFICE work‐ er has warned that applica‐ tion delays will get even worse this summer. The Passport Office has told millions of Brits to wait up to 10 weeks for their passports due to a huge de‐ lay in applications. But a backlog of 500,000 documents has meant appli‐ cants have been left waiting more than 10 weeks for re‐ newals, with some com‐ plaining it took up to four months to get hold of their new passports, said news re‐ ports exclusively on Friday, April 29. The Passport Office is fac‐ ing a recruitment crisis and has failed to hire enough staff to deal with a post‐ Covid pandemic surge of five million applications. Earlier this month, the government issued a warn‐ ing, telling people to allow up to 10 weeks to get their passports, rather than the usual five to six weeks.
NATURAL GAS: Cannot be diverted to Morocco.
ed for in the contracts, will be considered a breach of contractual commitments, and consequently, could
lead to a breach of the con‐ tract that binds Sonatrach with its customers. Spaniards.”
Croatia blocks Sweden
ZORAN MILANOVIC: Blocking Swedish membership.
CROATIA President Zoran Milanovic announced on Tuesday April 26: “We will block Sweden and Finland membership” to Nato, as their applications will pro‐ voke Russia. Croatia, who are yet to ratify their membership of NATO, believe that any en‐ tertaining of membership applications from Scandi‐ navian states will do little more than provoke Rus‐ sian President Vladimir Putin. Croatia has its own issues as it tries to get Bosnia‐Herzegovina to up‐ date their electoral law. Milanovic told reporters in Zagreb that: “As far as
I’m concerned, they can get into NATO, they can poke the rabid bear in the eye with a pen. “However, until the elec‐ toral law issue in Bosnia‐ Herzegovina is resolved, until the Americans, the English, the Germans, if they can and want to, compel Sarajevo and Bakir Izetbegovic to update the electoral law in the next six months and grant Croats their elementary rights, the Sabor must not ratify anyone’s admission to NA‐ TO.”. NATO cannot admit new members without the ap‐ proval of current ones.
A reply issued by Moncloa said: “Morocco has asked for support to guarantee its energy security on the basis of commercial relations and Spain has responded posi‐ tively to its request, as it should do with any other partner or neighbour. With total transparency, Morocco will be able to acquire LNG on international markets, unload it in some peninsular regasification plant and use the Maghreb gas pipeline to reach its territory. In no case will the gas acquired by Mo‐ rocco have Algerian origin.”
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Charles’s tree project
PRINCE CHARLES has called for the UK’s ‘dwin‐ dling’ historic natural habi‐ tat to be renewed as he re‐ vealed a new project to mark the Queen’s Platinum Jubilee. Prince Charles unveiled a collection of 70 ancient woodlands and trees dedi‐ cated to the monarch in a video message recorded un‐ der the old Sycamore at Dumfries House in Scotland, it was reported on Sunday, May 1. Charles said these “pre‐ cious” assets must be pre‐ served for future genera‐ tions. Some of the 70 ancient
woodlands and 70 trees dedicated to the Queen in‐ clude Sussex’s Five Hundred Acre Wood, the inspiration for 100 Acre Wood in Win‐ nie the Pooh. Charles said: “I believe it is absolutely vital that we do our utmost to nurture our historic inheritance through careful management and, in the case of the woodlands, that we can expand them and link them to other natu‐ ral features like our hedgerows. “And if we are to create the ‘ancient’ trees of the fu‐ ture, we must plant more trees in hedgerows, fields, churchyards and avenues.”
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Brexit’s food price push Record levels A REPORT by researchers from the London School of Economics released on Wednesday, April 27, said that Brexit has added 6 per cent to the
cost of Britain’s food bills. The research drew comparisons between the cost of food import‐ ed from the EU, which
$16bn for oceans
THE seventh global annual Our Ocean Conference concluded on Sunday April 26 with 410 commit‐ ments and pledges worth more than $16 billion €(15.15 billion) to protect our seas. Co‐hosted by the Republic of Palau and the Unit‐ ed States, the conference was the first to be held in a small island developing state. Started by John Kerry in 2014, the conference ti‐ tled ‘Our Ocean, Our People, Our Prosperity,’ high‐ lighted the importance of a healthy ocean to small island developing states. It also focused attention on all communities where the ocean is a primary source of sustenance. Delegates from more than 70 countries attended the conference, all of whom committed to con‐ crete action to advance ocean issues. Speakers and presentations highlighted the im‐ portance of ocean‐based climate solutions, includ‐ ing shipping decarbonisation, marine nature‐based solutions, and offshore renewable energy, in keep‐ ing the 1.5‐degree target within reach and improv‐ ing global climate resilience.
still accounts for the ma‐ jority of food imported, with food from else‐ where. They found that extra trade barriers created by Britain’s exit added 6 per cent to the cost of food, with prices rising higher than those levied on im‐ ports from elsewhere. Examples they quote are the increase in the price of fresh pork, tomatoes and jam which come mainly from the EU and the rise in prices of items like tuna fish and pineapples which come from further afield. Nikhil Datta, a re‐ searcher at LSE said: “This research demon‐ strates a clear and ro‐ bust impact of Brexit‐in‐ duced trade frictions increasing food prices for UK consumers during a time when the economy is already facing infla‐ tionary pressures from global sources.”
A REPORT by the Stock‐ holm International Peace Research Institute (Sipri) released on Monday April 25, said that global mili‐ tary spending has reached record levels in response to the crisis in the Ukraine. Despite the economic fallout of the pandemic, global military spending in 2021 rose by 0.7 per ent according to the re‐ port, with predictions that the increase will be vastly higher in 2022. Expenditure is expected to rise the most in Europe as countries move to bol‐ ster their defence against Russia, and in their sup‐ port of Ukraine as it tries to drive out the invading forces. Total expenditure is said to have reached US$2.1 trillion (€1.96 tril‐ lion), the highest figure on record. Topping that list is Rus‐ sia where spending grew by 2.9 per cent in advance
of the invasion of Ukraine, with defence ac‐ counting for 4.1 per cent of the country’s gross do‐ mestic product (GDP).
Global military spending.
Queen’s Jubilee THE UK government has officially extended opening hours to give people the opportunity “to continue their celebrations of this historic milestone over the bank holiday.” On Monday, April 26, the government revealed that Parliament had “passed an order to extend licensing hours in pubs, clubs and bars across England and Wales from 11pm to 1am to mark Her Majesty the Queen’s Platinum Jubilee. The extension will cover Thursday June 2 to Saturday June 4, providing the opportunity for people to continue their celebrations of this historic milestone over the bank holiday. “Platinum Jubilee is a historic national occasion, and the licensing hours extension will coincide with the ex‐ tended bank holiday.” Home Secretary, Priti Patel, said: “For 70 years Her Majesty The Queen has served the UK and the Com‐ monwealth with the utmost dignity, steadfastness and resolve. “The Platinum Jubilee is a truly historic national occa‐ sion, which will see families, friends and communities across the country come together to celebrate this un‐ precedented landmark in a remarkable reign.”
GO LOCAL
THE EURO WEEKLY NEWS has urged its readers to support local businesses in the community by shopping locally in recent times. Now things are heading back to normal, we challenge you to maintain that habit by supporting local high streets, markets, butchers, greengrocers and all of the wonderfully quirky inde‐ pendent businesses in your area. Local businesses make our villages, towns and cities what they are. They add unique character. They are convenient. And they offer excellent produce from known suppliers. The joy of shopping local‐
ly means that independent businesses can support the local community. You may find something a euro or two cheaper on‐ line but have you considered where your money is actually going?By shopping local‐ ly you’re putting food on a local family’s table and there is nothing better than giv‐ ing back to the communities that have giv‐ en us so much. Local stores support chari‐ ties and they sponsor local sports teams. In many cases, they are much more than just a business, they’re a legacy. They may have supported generations of the same family. Likewise, brand new local stores
and bars may help the generations of the future fulfil their dreams and ambitions. Remember, your local store is going up against multinationals and chains. They can’t win that battle on their own. So give them your support. Spending your money locally will make a real difference to the lo‐ cal economy. Local businesses recirculate a greater share of every euro they receive at local level. They create locally owned sup‐ ply chains and they invest in their employ‐ ees. So remember, buy local. When you go shopping ‐ go local!
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British Army expands THOUSANDS of British Army troops will conduct a series of planned exercises across Europe this summer in one of the largest de‐
ployments since the Cold War. Around 8,000 British Army troops will take part in the exercises the Min‐
Tragic dog death A FAMILY has been left heartbroken after their golden re‐ triever fell victim to the deadly Alabama Rot disease, which has now claimed the lives of seven dogs in the UK this year. The Backhouse family want to raise awareness of Al‐ abama rot before anyone else suffers the loss of a family pet. Marley, their Golden Retriever, was eight years old when he died earlier this month, after picking up the killer disease on local walks around Ledbury. “We want to raise wider awareness of Alabama Rot,” Rob Backhouse told media. “We want to hopefully save another family the pain we have gone through.” Rebecca Backhouse told one publication: “It’s one of those things you never think will happen to your dog.” Rebecca first noticed something was wrong when Mar‐ ley wouldn’t stop licking his back left paw, but was sure it was not Alabama rot after checking images online. He was taken to a vet and treated at a clinic but, sadly, his condition deteriorated rapidly and he had to be put down a week later.
istry of Defence said in a statement on Friday, April 29. The training mission will see 72 Challenger 2 tanks, 12 AS90 tracked artillery guns and 120 Warrior ar‐ moured fighting vehicles de‐ ploy to countries from Fin‐ land to North Macedonia, demonstrating the Army’s modernisation into a lethal, agile and global force. Tens of thousands of troops from NATO and Joint Expeditionary Force (JEF) allies and partners are involved in the exercises.
The high readiness forces from the Lead Armoured Task Force and Air Ma‐ noeuvre Task Force will take part. Defence Secretary Ben Wallace said: “The security of Europe has never been more important. “These exercises will see our troops join forces with allies and partners across NATO and the Joint Expedi‐ tionary Force in a show of solidarity and strength in one of the largest shared deployments since the Cold War.”
EXERCISES: Will see troops join forces with allies.
Animal welfare law ON Thursday, April 28, pro‐ tection measures for animals were boosted as legislation banning ‘the use of cruel glue traps and introducing fines for people who fail to pro‐ vide the proper levels of care to their pets, zoo animals and livestock’ became law in the UK. The new bills introduced by MP Jane Stevenson ‘ban the use of inhumane glue traps which are a widely available method of rodent
control but can cause im‐ mense suffering.’ Animal welfare minister Lord Zac Goldsmith said: “We are a nation of animal lovers and the passing of to‐ day’s legislation is a signifi‐ cant moment for the health and welfare of the country’s animals. “The UK, since leaving the EU, has been able to further strengthen its position as a global leader on animal rights.
ANTHONY FAUCI, the Chief Medical Adviser to US President Joe Biden has said that the country is over the pan‐ demic phase of Covid‐19, with cases and hospitalisations notably down. Speaking to media, Fauci said: “We are certainly right now in this country out of the pandemic phase.” The expert added in an interview on Wednesday, April 27: “The world is still in a pandemic. There’s no doubt about that. Don’t anybody get any misinter‐ pretation of that. We are still experienc‐ ing a pandemic.”
“The penalty notice mea‐ sures being introduced today will act as a powerful deter‐ rent, building on measures we have already taken such as increasing prison sen‐ tences for cruelty offences. “We will also be protecting wildlife and domestic pets from falling victim to inhu‐ mane glue traps, and we have delivered on our mani‐ festo commitment to put an‐ imal sentience provisions in‐ to law.”
US pandemic over Referring to his view that the country is moving towards normality he said that the US is in a “deceleration phase” having moved out of the full blown pan‐ demic. “There’s the full‐blown pandemic dy‐ namic, the way we were months ago, where we were having 900,000 cases a day, tens of thousands of hospitalisa‐ tions, 3,000 deaths a day. “The deaths went from 3,000 down to 300.”
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NEWS
America’s oligarch crackdown
US President Joe Biden, speaking from the White House on Thursday, April 28, revealed that he is working on a legislative package that will allow the American government to sell off all the assets that have been seized from Rus‐ sian oligarchs. This would include all the luxury prop‐ erties and yachts, and the proceeds could then be utilised to help pay for hu‐ manitarian and military aid in Ukraine. “We’re going to seize their yachts, their lux‐ ury homes, and other ill‐be‐ gotten gains of Russian President Vladimir Putin’s kleptocracy. These are bad guys,” he declared.
BIDEN: New legislation underway.
He explained that this new legislation would “cre‐ ate new procedures of for‐ feiture and seizure of these properties, and it’s going to assure that when the oli‐ garchs’ assets are sold off, funds can be used directly to remedy the harm Russia caused and help build
Ukraine.” Current funding for Ukraine is known to be running out, so the sale of these assets would be wel‐ comed as part of the Presi‐ dent’s recent call for Congress to provide an ex‐ tra $33 billion (€31.4 bil‐ lion).
GMB porn outrage
G O O D M O R N I N G Britain’s Ben Shephard made a correction after a guest’s comments on ‘porn’ in Par‐ liament sparked uproar on Thurs‐ day, April 28. Viewers were fuming after believ‐ ing that journalist Quentin Letts was defending a Tory MP accused of viewing porn in the House of Com‐ mons. Letts commented: “If you’ve ever been in the Houses of Parliament, it’s an extremely boring place, “I think it would be wrong of view‐ ers to think parliamentarians are constantly thinking about great mat‐ ters at state when they’re in the
House of Commons. It’s not exactly like a church in there.” He added: “The politicians tend to represent the people of the country and there are a lot of grotty people in this country who get a kick out of pornography, and it’s always struck me as a pretty peculiar thing to do.” Viewers soon took to social media to complain, leading host Ben to set the record straight, commenting: “I feel like everybody slightly got the wrong end of the stick. A lot of peo‐ ple seemed to be up in arms that you were defending watching porn in the House of Commons. That’s not what you were doing.”
FINANCE 20 years in Spain
euroweeklynews.com • 5 - 11 May 2022
14
STAT OF WEEK
€1.4 billion
turnover (most of it outside of Spain) during 2021 has been announced by Spanish family company Cosentino Group which produces special surfaces for buildings.
BUSINESS EXTRA
GDP reduction
Credit: Ryanair Media Centre
ON April 29, Minister of Economic Affairs, Nadia Calviño and Minister of Finance, María Jesús Montero advised that the Spanish government had revised its forecast of GDP growth in 2002 downwards from 7 per cent to 4.3 per cent. Expected year end deficit to be 5 per cent.
NatWest profits DESPITE potential problems with customers’ ability to pay off loans, NatWest not only posted much larger than expected pre‐tax profits for the first quarter of 2022, 40 per cent up at £1.2 billion, it was even able to reduce bad debt provisions by £38 million.
Legal anomaly THE Spanish Corporation of Registrars has highlighted an anomaly in Spanish law so that unlike other members of the European Union, it is not possible to identify the partners of a limited company which complicates the fight against money laundering and seizing Russian owned assets.
Money released IN the 1970s, Britain made a great deal of money supplying arms to the Shah of Iran and after the Islamic Revolution in 1979, it kept hold of £400 million. On Wednesday April 27, the Governor of the Central Bank of Iran confirmed that the money had been repaid.
Ted Baker sale ALTHOUGH not originally for sale, British fashion brand Ted Baker has received a number of offers of interest to purchase the company which has more than 350 stores worldwide. After an initial approach from one investor, there were quick follow ups from Authentic Brands Group which has recently taken over sports clothing manufacturer Reebok and then a further expression of interest from American private equity firm Sycamore Partners. Initial valuation appears to be in the region of £250 million, although a statement from Ted Baker indicated that offers received so far undervalued the company which in turn saw shares push upwards.
Minister Maroto in centre with Michael O’Leary on the left.
RYANAIR has celebrated its 20th anniversary in Spain and explained its contribution to the Spanish economy and so‐ ciety on Thursday April 28. To do this, it has released a study by the consulting firm PwC which considers the im‐ pact of corporate activity in Ryanair as a generator of more than €14 billion per year to the Spanish economy. From modest beginnings with its first Spanish flight to Girona in 2002, Ryanair cur‐ rently invests more than €8 billion in 27 airports, of which 10 are bases and supports more than 300,000 indirect and 6,000 direct jobs, offering
more routes and connections than any other airline in Spain. Since the beginning of its operations in Spain in 2002, Ryanair has transported more than 400 million passengers to/from Spain, bringing signif‐ icant benefits to the Spanish economy and society as a whole. Ryanair is committed to con‐ tinuing to grow and develop in Spain and its autonomous communities for many more years to come through collab‐ oration with associated air‐ ports, the government and lo‐ cal tourist organisations, working to reduce access costs
that make Spain attractive to airlines. The company plans to grow to 225 million passengers in 2026 following a strategy that is in line with what its cus‐ tomers are looking for, a greater range of destinations throughout the year and at low prices. Minister of Industry, Com‐ merce and Tourism, Reyes Maroto, praised the role of Ryanair in contributing to the connectivity “of Spanish desti‐ nations that were previously off the radar of tourists, such as Girona, Santiago, Malaga, Sevilla or Alicante, among oth‐ ers.”
ECB criticises limit on cash payments A STATEMENT by the Organisa‐ tion of Consumers and Users (OCU) said that the European C e n t r a l B a n k ( EC B ) d o e s n o t agree with Spain’s tax evasion law which limits the amount of cash (€1,000) that can be used for payments as: The limit of €1,000 is dispro‐ portionate. This limitation will have ad‐ verse effects on the legal ten‐ der status of euro banknotes. By significantly reducing the ability of payers to use euros, the freedom of citizens to choose the means of payment is also reduced. The penalty regime laid
down in the law is excessive: the fine of 25 per cent of the amount paid is, in the view of the European Central Bank, too high. In addition to this, cash pay‐ ment is of great importance, especially for certain social groups, which is why the Euro‐ pean Central Bank also makes several points in this respect; Cash is widely accepted. It is fast, and allows transac‐ tions to be settled instantly. It is an always‐available op‐ tion, as it does not require an operational technical infras‐ tructure and related invest‐ ments, issues that need to be
taken into account in situa‐ tions such as power outages or failures of electronic payment systems. It makes it easier for payers to control their own spending. It is the only means of pay‐ ment that does not entail the legal possibility of charging a fee for its use. Cash payment is not subject to daily or weekly payment limits set by banks. According to the ECB “Cash is essential for elderly users, mi‐ grants, the disabled, socially vulnerable citizens and anyone with limited access to digital services.”
Fill your Boots FOUNDED in 1849 as a single chemist shop in Nottingham, Boots grew into the largest pharma‐ cist in the UK with more than 2,000 stores and has changed hands on a num‐ ber of occasions. Currently owned by US‐ based Walgreen, it is known to be up for sale at an expected price of around £6 billion and once again, what is seen as a British institution is in the sights of another American investment company Apollo Global Management, but there appears to be a new play‐ er circling the company. Reports suggest that looking to possibly form an alliance with Apollo is Indian billionaire Mukesh Ambani who could, if suc‐ cessful, see the chain ex‐ pand into Asia and the Middle East.
Cryptocurrencies being used more ON April 26, the Bank of Spain published a report explaining how Spaniards and other Europeans have been using cryptocurren‐ cies during the last year. The report concludes that Europeans prefer to use decentralised services a n d u n b a c k e d c r y p t o ‐ a s‐ sets such as Bitcoin and Ethereum possibly as there is less chance of tracing transactions. According to Spain’s Cen‐ tral Bank, more and more money is being spent in Eu‐ ro using crypto‐currency and during the period un‐ der review, with a total of €845 billion it is now con‐ siderably greater than in Canada and the USA. One surprising statistic revealed that contrary to general opinion, just 1 per cent of transactions ap‐ peared to involve illegal ac‐ tivities.
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LONDON - FTSE 100
FINANCE, BUSINESS & LEGAL MAKE THE MOST OF YOUR MONEY WITH US See our advert on previous page
C LOSING P RICES M AY 3
COMPANY PRICE(P) CHANGE(P) 3I Group 1.314,00 1.332,00 Abrdn 187,05 189,70 Admiral Group 2.507,0 2.540,0 Anglo American 3.443,0 3.547,5 Antofagasta 1.532,50 1.558,50 Ashtead Group 4.177,0 4.360,0 Associated British Foods 1.606,0 1.621,5 AstraZeneca 10.594,0 10.660,0 Auto Trader Group Plc 629,20 631,80 Avast 569,20 571,20 Aveva 2.030,0 2.066,0 Aviva 430,80 435,20 B&M European Value Retail SA490,80 497,40 BAE Systems 732,77 736,20 Bank VTB DRC 1,000 1,000 Barclays 146,84 148,32 Barratt Developments 495,10 502,00 Berkeley 4.065,0 4.092,0 BHP Billiton Ltd 2.684,00 2.730,00 BP 383,50 387,95 British American Tobacco 3.329,0 3.350,0 British Land Company 510,60 515,40 BT Group 179,10 182,10 Bunzl 3.081,0 3.093,0 Burberry Group 1.571,5 1.583,5 Carnival 1.258,5 1.294,0 Centrica 80,04 80,66 Coca Cola HBC AG 1.632,0 1.656,0 Compass 1.695,00 1.704,00 CRH 3.170,5 3.252,5 Croda Intl 7.792,0 7.860,0 DCC 5.988,0 6.014,0 Diageo 3.983,5 4.009,5 DS Smith 326,30 330,00 EasyJet 561,20 571,80 Experian 2.813,0 2.842,0 Ferguson 10.000,0 10.255,0 Flutter Entertainment 8.028,0 8.182,0 Fresnillo 758,00 780,33 GlaxoSmithKline 1.807,80 1.811,80 Glencore 489,55 492,80 Halma 2.439,0 2.463,0 Hargreaves Lansdown 941,20 955,60 Hikma Pharma 2.024,00 2.043,00 HSBC 491,70 502,10 IAG 143,40 145,62 Imperial Brands 1.637,25 1.666,50 Informa 572,80 578,60 InterContinental 5.198,0 5.240,0
% CHG. 1.300,00 187,00 2.492,0 3.429,5 1.513,50 4.176,0 1.591,5 10.516,0 622,00 562,20 1.895,5 428,70 487,40 717,20 1,000 142,34 493,00 4.008,0 2.672,50 378,40 3.268,5 508,20 178,45 3.073,0 1.554,0 1.258,5 78,88 1.605,0 1.678,00 3.163,5 7.668,0 5.928,0 3.952,0 324,20 559,60 2.770,0 9.990,0 7.882,0 752,47 1.781,20 482,50 2.422,0 937,40 1.992,50 489,45 141,66 1.627,50 572,00 5.104,0
NET VOL 1,09M 2,55M 142,29K 2,43M 489,45K 561,49K 623,72K 987,51K 427,52K 132,32K 393,26K 2,16M 1,76M 5,71M 0 34,90M 986,01K 108,48K 1,97M 19,17M 1,92M 406,38K 5,28M 238,04K 350,17K 362,01K 3,10M 1,33M 591,82K 283,41K 102,54K 39,15K 1,39M 1,20M 1,06M 481,29K 285,29K 220,31K 163,08K 4,35M 19,08M 298,87K 268,10K 193,25K 14,69M 10,31M 887,58K 1,25M 170,24K
COMPANY
PRICE(P)
Intermediate Capital Intertek ITV J Sainsbury Johnson Matthey Land Securities Legal & General Lloyds Banking London Stock Exchange Meggitt Melrose Industries Mondi National Grid NatWest Group Next Norilskiy Nikel ADR Ocado Persimmon Phoenix Prudential Reckitt Benckiser Relx Rentokil Rightmove Rio Tinto PLC Rolls-Royce Holdings Rosneft DRC Sage Samsung Electronics DRC Sberbank Schroders Scottish Mortgage Segro Severn Trent Shell Smith & Nephew Smiths Group Spirax-Sarco Engineering SSE St. James’s Place Standard Chartered Taylor Wimpey Tesco Tui Unilever United Utilities Vodafone Group PLC Whitbread WPP
1.522,00 5.038,0 73,80 227,10 1.870,5 754,60 249,40 46,10 7.844,0 773,20 115,25 1.460,00 1.228,00 223,30 5.952,0 1,89 915,00 2.100,0 603,40 999,60 6.202,0 2.418,00 548,00 611,80 5.637,0 82,38 0,60 729,00 1.266,50 0,0453 2.830,0 885,00 1.365,50 3.164,0 2.173,0 1.313,50 1.456,50 12.090,0 1.866,50 1.274,00 542,00 127,55 272,20 228,80 3.656,5 1.165,50 126,84 2.835,0 983,60
CHANGE(P)
% CHG.
NET VOL
1.544,50 5.062,0 74,80 235,50 1.897,0 762,20 251,20 47,41 8.010,0 774,00 117,95 1.487,25 1.228,50 226,40 6.042,0 1,89 957,40 2.128,0 604,60 1.012,00 6.218,0 2.424,00 550,40 616,80 5.736,0 84,88 0,60 731,20 1.281,50 0,0453 2.922,0 902,60 1.371,00 3.169,0 2.188,5 1.321,50 1.466,50 12.190,0 1.868,50 1.309,00 561,40 129,25 275,20 232,80 3.656,5 1.167,50 127,00 2.891,0 990,40
1.513,50 4.982,0 73,20 222,60 1.850,0 752,60 248,10 45,80 7.812,0 772,20 113,25 1.455,00 1.194,00 222,30 5.902,0 1,89 910,00 2.078,0 600,20 996,20 6.102,0 2.379,00 533,60 602,60 5.615,0 82,18 0,60 713,80 1.264,50 0,0453 2.828,0 882,80 1.355,00 3.113,0 2.119,0 1.286,00 1.453,50 11.815,0 1.834,50 1.270,00 524,47 125,70 269,10 226,50 3.564,0 1.142,50 125,74 2.790,0 978,80
1,12M 119,95K 4,71M 7,86M 256,29K 390,64K 5,29M 104,91M 194,00K 543,76K 17,01M 837,71K 2,50M 6,99M 111,81K 0 1,20M 626,00K 385,74K 2,48M 419,83K 1,12M 2,03M 1,21M 1,99M 24,47M 0 746,36K 7,90K 0 603,57K 1,53M 638,30K 140,20K 6,05M 1,39M 489,29K 77,64K 760,00K 1,45M 1,65M 5,48M 7,31M 1,32M 1,86M 410,80K 38,96M 1,27M 3,51M
1.1824
0.84544
Units per €
US dollar (USD) ........................................1.0505 Japan yen (JPY)........................................137.57 Switzerland franc (CHF) ...........................1.0222 Denmark kroner (DKK) .............................7.4421 Norway kroner (NOK) ...............................9.8759
currenciesdirect.com/mallorca • Tel: +34 687 906 226 THE ABOVE TABLE USES THE CURRENT INTERBANK EXCHANGE RATES, WHICH AREN’T REPRESENTATIVE OF THE RATE WE OFFER
DOW JONES C LOSING P RICES M AY 3
COMPANY 3M American Express Amgen Apple Boeing Caterpillar Chevron Cisco Coca-Cola Dow Goldman Sachs Home Depot Honeywell IBM Intel J&J JPMorgan McDonald’s Merck&Co Microsoft Nike Procter&Gamble Salesforce.com The Travelers UnitedHealth Verizon Visa A Walgreens Boots Walmart Walt Disney
PRICE 145,35 178,32 235,25 160,46 151,98 203,91 155,57 49,70 65,45 66,75 313,25 306,07 186,76 135,88 45,98 183,12 121,80 251,64 87,94 284,79 124,16 161,49 180,56 173,10 517,51 49,12 220,72 44,49 155,31 113,49
CHANGE 146,16 180,78 242,91 161,11 156,76 207,69 157,68 49,76 65,63 68,04 317,60 306,84 188,22 136,85 46,09 183,49 123,17 252,30 88,32 287,61 125,24 162,07 182,82 175,00 519,59 49,17 224,93 44,90 155,91 116,00
CHANGE% VOLUME(M) 144,19 456,28K 177,61 359,59K 233,34 2,16M 158,93 25,87M 150,58 2,73M 202,29 1,53M 154,93 1,11M 49,20 3,65M 64,51 5,21M 66,50 970,41K 312,41 319,34K 303,08 600,11K 186,23 378,51K 134,87 590,10K 45,65 4,51M 181,93 1,49M 121,51 2,38M 248,08 715,93K 85,46 4,75M 281,46 7,03M 122,60 1,52M 159,28 1,63M 179,81 2,31M 172,18 130,74K 515,48 335,05K 48,57 4,97M 219,67 2,82M 44,18 754,32K 154,14 773,52K 113,07 3,79M M - MILLION DOLLARS
NASDAQ C LOSING P RICES M AY 3
COMPANY
CHANGE NET / %
VOLUME
+184.29% +88.33% +45.68% +29.60% +22.30% +20.32% +20.97% +20.07% +18.52% +16.98% +15.68%
39.29M 88.91M 3.95M 6.77M 12.25K 19.71M 436.04K 2.36M 107.84K 248.75K 72.62K
-98.05% -46.93% -46.39% -27.18% -25.59% -23.67% -22.00% -20.45% -20.52% -20.14% -19.97%
1.72K 2.31M 24.31M 507.30K 1.14M 52.95K 1.27M 4.36M 1.10M 784.33K 208.76K
Most Advanced Trust Stamp Statera Biopharma Swvl Holdings Sqz Bio Silence Therapeutics Color Star Technology Co RCM Technologies Pitney Bowes Archer Aviation Warrants Noodles & Co Ocwen
Most Declined WVS Financial Sio Gene Therapies Teladoc Inc GeoVax Labs JE Cleantech Holdings Studio City Align Evoke Pharma 1-800 FLOWERS.COM Blonder Tongue Labs FARO
18 EWN
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Currency outlook: War in Ukraine and central bank rate speculation drives currency volatility
ASK THE EXPERT Peter Loveday Contact me at euroweekly@currenciesdirect.com
Euro EUR/GBP: Unchanged at £0.83 EUR/USD: Down from $1.10 to $1.09 The euro trended broadly lower over the past month, with ongoing concerns over the war in Ukraine infusing considerable volatility into the single currency, due to the Eurozone economy’s vulnerability to the conflict. At one point this allowed EUR exchange rates to spike on reports of ‘constructive’ progress being made in peace talks and hopes for a face-toface meeting between Russian President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelensky. However, these hopes were almost immediately scuppered, following reports of alleged atrocities committed by Russian troops in the town of Bucha, prompting the euro to shed most of its gains as Zelensky suggested this would make future negotiations difficult. The pressure on the single currency was then reinforced by the European Central Bank (ECB), which struck a disappointingly cautious tone in the wake of its latest policy meeting. Looking ahead, the situation in Ukraine will no doubt continue to act as a key catalyst for the euro in the coming weeks. This could leave the euro
EURO: The pressure on the single currency was reinforced by the European Central Bank.
exposed to further losses so long as peace talks remain at an impasse. Pound GBP/EUR: Unchanged at €1.20 GBP/USD: Down from $1.32 to $1.30 The pound was also infused with some volatility as a result of the war in Ukraine as an uneven market mood unsettled the increasingly risk-sensitive currency. GBP investors grew increasingly concerned by the war’s impact on the UK economy, amid fears a prolonged conflict could further stoke global inflationary pressures and exacerbate the UK’s cost-of-living crisis. A hotter-than-expected inflation print offered some support to Sterling in mid-April, however these gains proved short lived amidst uncertainty
over the Bank of England’s (BoE) next interest rate hike. There are growing doubts over whether the BoE will follow through with a fourth consecutive rate hike in May, amidst fears the UK could be at risk of a recession this year, Elsewhere the pound’s gains have been stifled by UK political developments after Boris Johnson was issued a fine by the police for breaking lockdown rules in the ‘partygate’ scandal. Going forward the primary focus for GBP investors will be on the BoE’s next policy decision, with the pound poised to slump if the bank ultimately opts to stay its hand in May. US Dollar USD/GBP: Up from $0.75 to $0.76 USD/EUR: Up from €0.90 to €0.91
NEWS
The US dollar trended broadly higher through April, with demand for the safe-haven currency being underpinned by a prevailing risk-off mood. The cautious mood was driven by both uncertainty over the situation in Ukraine as well as concerns over strict Covid lockdowns implemented in parts of China and the potential knock-on impact on the global economy. Also bolstering the US dollar in recent weeks has been hawkish Federal Reserve interest rate expectations. A continued surge in inflation and some hawkish comments from numerous Fed policymakers helped to solidate expectations that the US central bank will pursue a series of aggressive interest rate hikes in the coming months. However, it hasn’t all been plain sailing for the US dollar, with the inversion of the US yield curve triggering concerns the US economy could fall into a recession at some point over the next couple of years. In the meantime however, the US dollar looks well positioned to extend its current bullish momentum, with an expected half-per cent Fed rate hike in May and ongoing concerns over the war in Ukraine likely to underpin demand for the ‘greenback’ in the near-term. Currencies Direct have helped over 325,000 customers save on their currency transfers since 1996. Just pop into your local Currencies Direct branch or give us a call to find out more about how you can save money on your currency transfers.
Visit us at our Spanish offices in Costa del Sol, Costa Almeria, North Costa Blanca and South Costa Blanca. Telephone UK +44 (0) 207 847 9400 SPAIN +34 950 478 914 • Email euroweekly@currenciesdirect.com • www.currenciesdirect.com.
BUSINESS EXTRA Algerian warning ON Wednesday April 27, the Algerian govern‐ ment warned Spain that if it supplied any Algeri‐ an gas to Morocco, it would terminate sup‐ plies gaining a response from Spain’s energy minister saying that it would not sell Algerian gas. Spain also imports gas from France, Qatar and Nigeria.
Inflation down PRELIMINARY figures released by Spain’s Na‐ tional Statistics Institute for April show that in‐ flation has dropped from last month’s 9.8 per cent to 8.4 per cent, thanks mainly to lower fuel and electricity prices. The Spanish gov‐ ernment is subsidising diesel and petrol costs until July.
NEW ONLINE BETTING COMPANY GIBRALTAR had no option oth‐ er than to follow the lead of the United Kingdom and ac‐ cept the obligation to leave the European Union following the Brexit vote. There are a number of rea‐ sons why this appeared a poor result for the Gibraltarians, not the least being that having worked hard to shrug off its perceived position as a tax haven, it had attracted a num‐ ber of overseas gaming compa‐ nies to invest there. A number decided to either leave completely or reduce their presence on the Rock and move to what they expected to be easier EU locations such as Malta. Now however, one company founded just six years ago in the UK and said to be worth billions, sports entertainment b u s i n e s s DA Z N h a s c h o s e n
DAZN has partnered with major sporting stars.
Gibraltar‐based Pragmatic Group to partner with and un‐ der an exclusive, multi‐year agreement, a new business headquartered in Gibraltar will launch and operate a new bet‐ ting service under the DAZN
BET brand. According to the broadcast‐ er, responding to what DAZN customers say they want and the trend towards recreational in‐play betting, over the next few years the partnership will develop a fun, convenient, and integrated experience for ca‐ sual bettors to enjoy alongside DAZN’s live sports streaming. S h a y S e g e v , C EO o f DA Z N Group, said, “The convergence of sports media and betting is the future. This historic part‐ nership brings together the leading sports media company and a technology partner who is committed to developing in‐ novative experiences for fans. “It underscores DAZN’s com‐ mitment to revitalise the sports viewing experience by offering a broader spectrum of digital entertainment for fans.”
Legal tender ON April 27, the president’s office in the Central African Republic (CAR) an‐ nounced that it has adopted bitcoin as legal tender alongside the CFA France. The CAR which is one of the poorest countries in Africa is now the second country in the world to officially recog‐ nise the bitcoin following the earlier decision by El Salvador in Central America. With a single bitcoin currently trad‐ ing at just over €37,400, it is question‐ able how helpful this decision will be for ordinary people in the country, al‐ though some members of the elite may find that moving large amounts of money across the internet is attractive.
Checks delayed FOR the fourth time since Brexit, the UK government has delayed introducing checks on EU goods entering the UK (which were finally due to begin in July) until 2023, over fears it will cause disrup‐ tion at ports and increase delays and in‐ flation.
FEATURE
www.euroweeklynews.com
5 - 11 May 2022
EWN 19
TV & Film Review by Laura Kemp
LEAPY LEE SAYS IT OTHERS THINK IT THIS piece is dedicated mainly to those crying into their herbal teas over the UK government’s decision to ship the rubber boat immigrants to Rwanda. This week I received a link from a black lady living in the north of England. Her son has just resigned his position as chef at a local hotel; one of scores allocated to immigrants from Afghanistan. Apparently he had become so upset by the constant racist and rude remarks from the ‘guests’ that he finally decided he would simply have to relinquish his position. His Mum, visibly upset on the link, then went on to explain that almost without exception, most Afghans are arrogant racists and will not even sit down with any local councillor who is black! They also refuse to have their food served by anyone black or allow black cleaners to tidy their rooms. Those in this same hotel recently complained that their television sets were too small and all rooms subsequently had their TVs exchanged for 42 inch screens.
Hotels On arrival they are each issued with prepaid cards containing £1,000 and mobile phones. They are all signed on, given job seekers allowance and many are signed up for brand new houses. And as if this wasn’t enough, they are repaying the generosity of the British people by showing no respect whatsoever and virtually trashing these hotels with damage that could ultimately cost the taxpayer millions. I also received a letter from a gentleman in Eastbourne, East Sussex. He told me that Eastbourne hotels, which charge around £100 a day, are full of these immigrants. Almost beyond belief, once a week large numbers are ferried by 15 or 20 taxis for a free day at David Lloyd’s Health Club, plus a day at a nine‐hole golf club! You really couldn’t make it up. And all this is going on while Britain’s homeless including many ex‐ servicemen are sleeping in doorways! Still think they shouldn’t all be sent to Rwanda? Give us a break. Let us
just hope that the woke bleeding hearts brigade (and leftie money grabbing lawyers) are unable to delay this utterly commendable and absolutely necessary operation for too long. We may as well upset everyone this week. I recently received an e‐mail attachment which showed the transgender winner of a female swimming competition in the USA. This individual was broad shouldered, six feet three in height and heavily muscled. All power however to the female contestants who came second and third. They insisted on calling the girl who came in fourth to join them on the podium for photographs. Well done girls, but the way things are going I’m afraid you’re in one race you will be extremely lucky to win; unless of course the world sport governing organisations decide to use some common sense and label this whole exercise completely illegal. Keep the faith Love Leapy leapylee2002@gmail.com To read more articles from our columnists and to have your say in the comments go to www.euroweeklynews.com
Leapy Lee’s opinions are his own and are not necessarily representative of those of the publishers, advertisers or sponsors.
The Mystery of Marilyn Monroe: The Unheard Tapes THE fascination with Marilyn Monroe and the details sur‐ rounding her death is still pre‐ sent today, and this Netflix documentary delves a little deeper into the life of the icon‐ ic movie star and her personal conversations with her inner circle. This documentary has a disappointing 41 per cent critic rating and a 21 per cent audi‐ ence rating on Rotten Toma‐ toes, however, I think it is worth a watch for those inter‐ ested in the popular sex sym‐ bol. Monroe’s death in 1962 at the age of just 36 has been a controversial topic over the years, given her close relation‐ ships with President John F Kennedy and his brother Bob‐ by Kennedy. The documentary is the creation of investigative journalist Anthony Summers, following a three‐year investi‐ gation into her death in the 1980s. Summers returns to the investigation and narrates the documentary, which is based on interviews with thousands of people and 650 hours of
recorded audio, which serves as the backbone for the docu‐ mentary. Monroe was known to have kept secrets and, by the time of her death and the height of the Cold War, Mon‐ roe was celebrated as Ameri‐ ca’s most famous ‘dumb blonde’. Just three months af‐ ter the infamous performance at Madison Square Gardens for the President’s birthday, she was found dead. Monroe’s case was officially closed following a botched in‐ vestigation riddled with flawed evidence, inconsistent state‐ ments and a conflicting time‐ line. However, this documen‐ tary debunks the theory that she was murdered after inter‐ views with the ambulance company owner, Walt Schae‐ fer, who claims that she died in an ambulance on the way to the hospital. This is a fascinating docu‐ mentary, particularly because of the previously unheard con‐ versations with Marilyn and her closest confidants.
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Antiques Road Trip The Bidding Room Pointless BBC News at Six; Weather BBC London News; Weather The One Show EastEnders MasterChef Gordon Ramsay's Future Food Stars
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Murder, Mystery and My Family Wild UK Interior Design Masters Flog It! Richard Osman's House of Games My Unique B&B Great Continental Railway Journeys Paul Merson: A Walk Through My Life
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Landward Saturday Kitchen Best Bites Match of the Day Live Equestrian Attenborough's Ark: Natural World Special Planet Earth: A Lion's Tale Planet Earth II: A World of Wonder Eden: Untamed Planet
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Return to Pembrokeshire Farm Walking with Kate Garraway Keeping Up Appearances Yes, Prime Minister Expedition Volcano Your Mum and Dad: A Devastating Truth Storyville Dame Kelly: The Power of Parkrun - Our Lives
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Return to Pembrokeshire Farm Walking with Shappi Khorsandi The Story of Scottish Art England's Forgotten Queen: The Life and Death of Lady Jane Grey WWI's Secret Shame: Shell Shock Mission: Joy The Sky at Night
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Countdown A Place in the Sun The Great House Giveaway Sun, Sea and Selling Houses The Simpsons Hollyoaks Channel 4 News Food Unwrapped Dispatches The Spy Who Died Twice
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Countdown A Place in the Sun The Great House Giveaway Sun, Sea and Selling Houses The Simpsons Hollyoaks Channel 4 News The Great Home Transformation Grand Designs
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Bargain Loving Brits in the Sun 5 News at 5 Neighbours Eggheads Spring Gardening with Carol Klein 5 News Update Nick Knowles' Big House Clearout 5 News Update Casualty 24/7
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Bargain Loving Brits in the Sun 5 News at 5 Neighbours Eggheads TK Maxx: How Do They Do It? 5 News Update Cruising with Susan Calman 5 News Update Lighthouses
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Friends Friends Our Yorkshire Farm Oklahoma! Entertainment News on 5 Oklahoma! Ball & Boe: Back Together Frankie Howerd: In His Own Words Queen: A Rock History
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3 Men and a Baby Entertainment News on 5 3 Men and a Baby Romancing the Stone 5 News Update Romancing the Stone Should I Buy An Electric Car? Wetherspoons: How Do They Do It?! Happy Campers: Brits on Holiday
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Bargain Loving Brits in the Sun 5 News at 5 Neighbours Eggheads Secrets of the Fast Food Giants 5 News Update Police Interceptors 5 News Update Madeleine McCann: The New Suspect
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5 - 11 May 2022
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FEATURE
Vienna International Convention on Consular Relations events
CONSULAR MATTERS
THE Malaga Consular Body has organised the commemo‐ rative events of the Vienna In‐ ternational Convention on Consular Relations signed in 1963. The Consular Body of Malaga is made up of almost 50 accredited consulates. The Vienna Convention states that consular relations have existed between people for centuries and has taken in‐ to account the Purposes and Principles of the Charter of the United Nations relating to the sovereign equality of States, the maintenance of peace and security and the promotion of
PICASSO MUSEUM: One of the events which was held in Malaga.
friendly relations among na‐ tions. The first consular repre‐ sentation in Malaga was a commercial agreement signed in 1641 with Denmark. It seemed evident that an in‐ ternational convention on con‐ sular relations, privileges and immunities would contribute to the development of friendly relations between nations, re‐ gardless of their differences in constitutional and social sys‐ tems of each country and awarding that the purpose of said privileges and immunities is not to benefit individuals, but to guarantee the consular offices the effective perfor‐ mance of their functions on behalf of their respective countries. Among the commemorative
acts of this 59th anniversary, the Consular Body of Malaga organised an academic confer‐ ence about the consular func‐ tion for the morning of April 28th 2022, at Law School of Malaga University where the panelist talked about the diplomatic and consular rela‐ tions and public international law. Likewise, the Consular Body of Malaga held a cocktail party in the Gardens of the Pi‐ casso Museum in Malaga. In the photo with my col‐ leagues, is the German and Ukranian general Consuls at the Picasso Museum. To read more articles from our columnists and to have your say in the comments go to www.euroweeklynews.com
Marisa Moreno Castillo • Consul of Denmark • Senior Lawyer at Just Law Solicitors • www.justlawsolicitors.com • contact@justlawsolicitors.com
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A MIXED BAG
From our Facebook
UK TV: Gone completely woke.
Hi there How I agree with you about TV in the UK now. I wonder if Barclays Bank have any white customers as their last three adverts were only showing nonwhite actors. Last Sunday we went to Benidorm Palace to see the Manfreds. It was a brilliant show, but I do not expect to see them on UK TV anytime soon as they tick all the wrong boxes - they are elderly, white, male and don’t swear!! Regards Roger
Two points of view How refreshing that at last we are able to read contrasting comments in the Euro Weekly News, for far too long Loopy Lee has been able to air his racist white supremacy capitalist views with little rebuff, but now we appear to have a regular weekly column by Claire Gordon that outlines the vast difference of opi-
AN OPPORTUNITY MISSED HOW different things might have been if the Conservative Government under David Cameron had had the foresight to implement the election pledge to grant voting rights to all British expatriates living abroad. There could have been time to push through the bill meaning that those who had lived abroad for more than 15 years could have had a part in deciding the most important vote in living memory. One can understand that there is actually a strong argument against those living abroad from voting in general elections as they are not really affected by the results but for the Brexit Referendum, they were and still are intimately involved. The actual limit is arbitrary and has changed from as little as seven years to more than 15 but it was Conservative policy that the time limit should be scrapped
CORRECTIONS
nion between extremism and moderation, it’s almost like having the Sun newspaper and the Daily Mirror on the same page. Well done to the editor, now we really can call it the People’s Paper. Ramon
UK has gone woke
COST OF LIVING: Does it cost you €100 per day in Spain?
Louise Cottrill
Totally agree with Leapy. Been saying this for months. The whole of the UK has gone woke. The adverts on TV are ridiculous. Can’t remember seeing an all white or all black couple depicting the subject of the advert. Why are they overstating a multi race relationship ALL the time? It’s not fact. They are forcing us to believe that is what we MUST do. Of course, there are a few of those relationships, but not the same percentage that these adverts show. Who are the cretins that make these rules up? John
OUR VIEW
and it supported a private members’ bill to this effect. An estimated 2.3 million Britons live abroad and now following the vote in parliament on April 28, they will all have the right to vote in UK General elections and in 2019, almost 250,000 who had been out of the UK for less than 15 years did so. Anecdotal evidence suggests that a number of those living overseas supported Brexit and for those living outside of the European Union it probably meant little, It is however probably safe to assume that the majority of those living within the 27 member states actually didn’t support Brexit and although it is too late to do anything about it, those affected by the changes are probably a little resentful about their inability to influence such an important change to their lives.
Sounds like with this and everything else Spain doesn’t want tourism. Wake up or tourists will be going elsewhere to support those economies.
Jim Fraser €100 per person? Or per family? In actual cash? As people use cards more now or you take out from ATM whilst on holiday, so basically impossible to implement.
Leanne Evans So for a family of four for 14 nights that £5,600. Probably won’t have paid that for the holiday. Ridiculous.
Karen Preece Strange calculation because on that basis you can stay 10 days for what people who live there spend in a month.
Chris McGovern Who on earth decided that you need that amount, is that per person, obviously they don’t want holidaymakers to come. So stupid.
Neil Hutchison I can see holiday firms being inundated with cancellations. In fact I’m booked for October in Mallorca but looking at switching to Greece now.
Neil Hutchison Looks like Spain has too much tourism and wants people to go elsewhere.
At the EWN, we pride ourselves that reports are accurate and fair. If we do slip up, we promise to set the record straight in a clear, no-nonsense manner. To ask for an inaccuracy to be corrected. Email: editorial@euroweeklynews.com
PETS
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CATS are quite good at keeping themselves clean, however, from time‐to‐time they will need to be bathed properly ‐ but how do you do this without stressing out your fe‐ line friend and getting scratched in the pro‐ cess? Choose the right time Choose a time when your cat will be most calm, play for a while beforehand to tire them out a bit, making them more relaxed and easier to control. Trim claws and brush fur Cat claws should be trimmed regularly and before a bath is a great time, meaning you are less likely to get scratched. Brushing your cat’s fur will get rid of any loose hair and matted fur ahead of bathing. Use a rubber bath mat and fill the tub Use a rubber bath mat
5 - 11 May 2022
Scratch-free bathing to prevent your kitty from slipping and then fill the bath with luke‐ warm water. Gently low‐ er your cat into the bath and wet their fur using a jug or a cup ‐ avoid the ears, eyes and nose as these are sensitive. Lather up Use five‐parts water and one‐part shampoo that is suitable for your cat’s type of fur. Start from the head and gen‐ tly massage the sham‐ poo in, moving down the body. To wash the face, gently use a damp cloth. Rinse away Be sure to rinse your cat thoroughly as any leftover dirt or residue will irritate their skin.
Dry Use a towel to dry the fur and make sure you are in a warm place that allows their body to warm up and contin‐ ue drying off. Treats Treats are very im‐ portant for your cat to start associating get‐ ting bathed with receiv‐ ing treats!
KEEPING CLEAN: From time to time cats will need to be bathed.
EWN 29
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ROAD TEST by Mark Slack THE advent of the electric car has produced an array of striking car designs from the stylistically avant‐garde to interiors that resemble a modern incarnation of a Conran shop. However, for some manufacturers it’s evolution rather than revo‐ lution and Volkswagen is arguably the main propo‐ nent of this ethos. It has served them well as can be seen by the second‐hand values of cars like the Golf. The purpose‐built ID range of EVs ‐ ID3, 4 and 5 ‐ is a complete range of models from hatchback, to SUV and Coupe. Prices for the line‐up start at €42,626/£35,835 and its design is such that the uninformed would be hard pressed to know it doesn’t have a combustion engine under the bonnet. Unless of course it glides past you in a car park or city street. It’s essentially an EV Golf in all but name and many people I spoke to agreed, in fact some even
5 - 11 May 2022
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VW ID4 - practicality for your EV shortlist thought it was a new Golf. My test model was the ID4 SUV that offers six trim levels with prices starting at €43,479/£36,550. There are four battery options with ranges stretching from 213 miles up to 320 miles, and pow‐ er options from 148PS up to 204PS. As with MPG figures the ranges quoted are ideal world, which you are unlike‐ ly to achieve. Having said that some EVs are now get‐ ting much closer to their potential maximum range and the ID4’s range seemed pretty good. Standard fare includes navigation, dual zone cli‐ mate, heated front seats, wireless mobile phone charging and LED lighting. The interior is functional, although looks better in this writer’s view in lighter colours, with nicely clear graphics. Gear changes, such as they are in an auto‐ matic, are controlled via a
ID4: Handles well and feels confident even on winding cross-country roads.
l e v e r mounted to the side of the steering wheel instrument panel, not unlike a column change for those old enough to re‐ member such things. On the road the ID4 is commendably refined with little in the way of road or wind noise and there’s a general feeling of airiness and space. Power is good, as with all EVs, and the ID4 can easily leave other traf‐ fic in its wake, meaning a keen eye needs to be kept on prevailing speed limits.
Facts at a Glance Model: VW ID4 Life Pro Performance Engine: Li-lon 77kwh 204PS Gears: Automatic Performance: 0-100 km/h (62 mph) 8.5 seconds/Maximum Speed 160 km/h (100 mph) Range: up to 320 miles Emissions: 0 g/km (WLTP) Price as tested: €51,744/£43,500 Model tested was UK-specification and equipment levels and prices may vary in other markets.
It handles well and feels confident even on winding cross‐country roads. It’s one of those cars that feels
so comfortable longer dis‐ tances shouldn’t be an is‐ sue, not least due to its electrically induced silence.
If you’re looking to switch to a practical EV then the ID range really has to be on short list.
SPORT
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5 - 11 May 2022
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Amy Pieters wakes up from coma Real Madrid clinch LaLiga
DUTCH cycling champion Amy Pieters, on Thursday, April 28, woke up from a co‐ ma she had been in since last December. She had suffered a fall from her bike while train‐ ing with the national track team from the Netherlands, in the Alicante municipality of Calpe on the Costa Blanca. A statement released by the Dutch Team SD Worx on Thursday explained that the 30‐year‐old athlete “can com‐
DUTCH CYCLIST: Suffered a fall during training.
Wimbledon to allow the unvaccinated AT the All England Club’s spring briefing on Tues‐ day, April 26, it was announced by the organisers that unvaccinated tennis players will be allowed to participate in this year’s Wimbledon Champi‐ onships. This will come as good news to world No1 No‐ vak Djokovic, who earlier this year confirmed that he would be prepared to miss any tourna‐ ments that required players to be vaccinated. In January, the Serbian star was embroiled in con‐ troversy after the Australian authorities refused to allow him to enter the country without being jabbed. Ian Hewitt, chairman of the All England Club also pointed out that there was “no viable alter‐
native” to banning players from Russia and Be‐ larus from taking part at Wimbledon, after pres‐ sure from the British government. It had been announced last week that UK gov‐ ernment sanctions against those two countries as a result of the conflict in Ukraine, would see Wimbledon become the first individual tennis tournament to enforce a ban on players. This ap‐ plied to the tournaments preceding Wimbledon as well. Hewitt explained that they had been left with just two options, either to make players sign some form of declaration where they con‐ demned Russia’s actions, or simply ban the play‐ ers.
municate a little non‐verbally, and recognises people, under‐ stands what is said, and can do more and more activities.” At this stage, it is still too ear‐ ly for doctors to make a diag‐ nosis of the exact medical damage Pieters may have suf‐ fered from the brain injury. The champion rider lost con‐ sciousness after suffering a blow in the fall and was taken to a hospital in Alicante. From there, she was eventually air‐ lifted to Amsterdam, where surgeons performed life‐saving surgery on her head. Pieters was transferred to an ICU following her opera‐ tion, where she had remained unconscious due to severe brain damage. The national champion has been undergoing a specialised intensive neurorehabilitation programme at a Dutch institu‐ tion. Her family has thanked the public and fans for their support and good wishes, and now asks for the privacy of those involved to be respect‐ ed.
REAL MADRID thrashed Espanyol 4‐0 on Saturday, April 30 at the Santiago Bernabeu to wrap up their 35th LaLiga title. With four matches still to play, Carlo Ancelotti’s team has an unassailable lead at the top of the table. Two goals from Rodrygo, and one apiece from Marco Asensio and Karim Benzema sealed a brilliant win against their lacklustre opponents. At 62 years old, Carlo Ancelotti has achieved an un‐ precedented fifth title in five different European leagues. The Italian coach has now won the title in 2004 with Milan in Italy, 2010 in England with Chelsea, in France in 2013 with PSG, in 2017 and 2018 in Germany with Bayern Munich, and now today, in Spain. Portuguese coach Jose Mourinho has managed to win in four different leagues in Portugal, England, Italy and Spain, while Giovani Trapattoni equalled this in Italy, Germany, Portugal and Austria. Often criticised for the way he sets his teams up, the Italian’s track record as a master tactician cannot be questioned as he enters the football record books. The celebrations will be short and sweet as Ancelot‐ ti and his men turned their attention to Champions League second‐leg tie with Manchester City on Wednesday May 4. They trailed 4‐3 from last week’s leg at the Etihad in England.