Mallorca 16 - 22 June 2022 Issue 1928 by Euro Weekly News Media S.A.

THE BEST FINANCE NEWS ON PAGES 18 - 22 16 - 22 June 2022

MALLORCA • EUROWEEKLYNEWS.COM

Image: Manacor Town Hall

11,000 VISIT BOOK FESTIVAL Tamsin Brown

ON June 11 and 12, the town of Manacor turned into the literary capital of the Catalan‐speaking terri‐ tories when it became a ‘Book Town’ (Vila dell Lli‐ bre), the first such publish‐ ing festival to be held in the Balearic Islands. The total number of visi‐ tors to the Book Town was approximately 11,000 with all of the activities at full capacity. More than 80 creators from the world of books al‐ so visited Manacor, includ‐ ing authors, illustrators and artists from various disci‐ plines. The publishing sector ob‐ tained very positive results from the festival in terms

Manacor’s book festival was a huge success with fantastic levels of participation.

of sales and the public showed significant interest in books and the publishing industry. The festival served as a meeting point for professionals from Mal‐

lorca and Catalonia who work in the field. The Vila del Llibre filled every corner of the old town of Manacor with liter‐ ature with the aim of en‐

couraging people to read more and of creating a new space where social ties could be constructed through a participatory cul‐ tural project.

THE Consell de Mallorca has provided €5,975,000 to local town halls to improve the universal accessibility of public facilities and buildings, especially children’s playgrounds. Since 2018, a total of 213 actions have been carried out to improve accessibility in all the municipalities of Mallorca. This was explained on Tuesday June 14 by the councillor for Economic Promotion and Local Devel‐ opment, Jaume Alzamora, who said: “never before, and in such a short space of time, has such a large amount of work been carried out.”

Image: Consell de Mallorca

ACCESSIBILITY IMPROVEMENTS

Significant improvements have been made to accessibility throughout Mallorca.

FREE • GRATIS Image: Santanyi Town Hall

Issue No. 1928

The International Music Festival in Santanyi will host some very highly acclaimed musicians.

INTERNATIONAL MUSIC IN SANTANYI THE arrival of summer means that it is time for Santanyi’s In‐ ternational Music Festival, which is now in its 12th year. Mu‐ sic will once again be the protagonist of the town’s cultural programme over the next few months. This year’s programme includes five concerts between June and October. The first concert, by the mezzo‐soprano Lorena Valero and the pianist Miquel Estelrich, has already taken place. There will now be performances from the tenor Eduardo Sandoval, the Santanyi Festival Orchestra, the Manel Camp Quartet, the tenor Uwe Stickert, the horn player José Fran‐ cisco Fortea, the Symphony Orchestra of the Balearic Islands and Olivier Latry, the titular organist of Notre‐Dame de Paris. For more information, visit the town hall website at ajsantanyi.net.

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16 - 22 June 2022

Wetland recovery project Tamsin Brown THE Bank of Santander, through its subsidiary LandCo, has donated al‐ most 500,000 square me‐ tres of wetland to the Al‐ cudia Town Hall for the recovery of the wetland area of Estany dels Ponts. The project has been promoted by the World Wildlife Fund (WWF) Spain and will also in‐ clude the participation of other entities, including the Balearic Islands Gov‐ ernment and the Univer‐ sity of the Balearic Is‐ lands. The area has been neglected for many years and has been used for the unregulated dumping of waste. On Friday June 10, the regional director of the

Image: Alcudia Town Hall

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The wetland area of Estany dels Ponts has been neglected for years.

Bank of Santander in the Balearic Islands, Celia Tor‐ rebadella, said: “The transfer of this land is part of Santander’s global commitment to the con‐ servation of ecosystems and the fight against cli‐ mate change” and stressed the importance of “jointly contributing to the improvement of

spaces and habitats that we should never have failed to protect.” Enrique Segovia, the conservation director of WWF Spain, added: “Wetlands are one of the most threatened ecosys‐ tems of the Mediter‐ ranean Islands and it is urgent to improve their conservation status.”

First Plan for Equality

ON Monday June 13, the Ne‐ gotiating Committee of the Balearic Islands approved the First Plan for Equality be‐ tween Men and Women in the Health Service, which seeks to achieve equality and eliminate sex‐based discrimi‐ nation in the Balearic Islands Health Service. The Plan for Equality has the following general objec‐ tives: to promote and imple‐ ment the gender perspective in the area of human re‐

sources; to promote equal access to training and to raise awareness and provide infor‐ mation on gender equality; to promote and raise aware‐ ness of the balance between home life and working life; to determine and apply mea‐ sures to guarantee the occu‐ pational health of staff; to implement appropriate pro‐ cedures for dealing with situ‐ ations of violence against women and sexual harass‐ ment; and to consolidate the

IN a ceremony held on Thursday June 9 on Cala Gran beach in Cala d’Or, the beaches, harbours and boats of the Balearic Islands were awarded the Blue Flags that are given by the European Community to those that meet the opti‐ mum conditions of safety and health. The municipality of Santanyi hosted an event that brought together repre‐ sentatives of various municipalities and institutions for the occasion.

gender perspective in a transversal manner through‐ out the entire Health Service. In order to achieve these general objectives, work will be carried out in six areas of action: work‐life balance and professional growth; aware‐ ness‐raising and training; rec‐ onciliation and co‐responsi‐ bility; occupational health; situations requiring special protection; and culture of equality and organisational measures.

Santanyi gets Blue Flags

For yet another year, Santanyi is the Balearic municipality with the most beaches to receive this distinction. In addition to Cala Gran, the beaches of Cala Santanyi, Cala Llombards, sa Font de n’Alis (in the Mondrago Natural Park) and s’Amarador have also re‐

NEWS

Grant aid THE Department of Educa‐ tion and Vocational Training of the Balearic Islands Gov‐ ernment, through the Direc‐ torate‐General for Early Childhood, Innovation and the Educational Communi‐ ty, is now launching its pro‐ gramme of teaching assis‐ tants for the 2022‐2023 school year. The programme has a budget of €1,702,000, which will cover the grants and insurance of the lan‐ guage assistants. A total of 250 assistants are taking part in the programme. The continuation of the language assistant pro‐ gramme this year is a re‐ sponse to the positive effect that it has previously had in schools. Its aim is to pro‐ mote foreign language skills through the provision of na‐ tive language assistants in publicly funded schools. The language assistants will be distributed among public and state‐subsidised nursery, primary and sec‐ ondary schools, but also in official language schools (EOI), integrated vocational training centres (CIFP), art schools (EA) and adult edu‐ cation centres (CEPA). According to reports on June 13, there will be 202 English language assistants at 247 schools, 33 German language assistants at 58 schools, and 15 French as‐ sistants at 28 schools.

ceived the award. Santanyi’s councillor for Tourism and Beaches, Rafel Batle, said: “Everyone knows the perseverance and determi‐ nation it takes to receive a Blue Flag. It is a distinction synonymous with quality, and that is what we all want to offer. “Our aim has always been to ensure that visitors, when they come to our coast, value the environment and land‐ scape of our beaches.”

FEATURE

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16 - 22 June 2022

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My Blue Badge = My Freedom BREXIT may have changed many things, from voting rights to the exchange rate. ONE of the things the UK’s departure from the European Union has not changed however is the health problems many UK nationals living abroad face daily. And nor should Brexit affect rights for the disabled. Health is universal, unaffected by political leanings or country borders. And that is why the Euro Weekly News has put together a campaign to push the UK and Spanish governments to work together to secure the same rights for British Blue Badge holders that they had before Brexit. Thousands of UK nationals either living in or visiting Spain had previously been able to use their blue disabled badges to park freely and accessibly due to an informal agreement between the two countries. Since Brexit, negotiations had been ongoing between the UK and Spain over whether to continue this agreement, securing rights for some of the most vulnerable Britons living in Spain. The British embassy in Spain told the EWN: “The mutual recognition of Blue Badges across the EU has always taken place on an informal basis at the discretion of member states. For UK Nationals resident in Spain the situation hasn’t changed as a result of Brexit.” In September 2021 however, the UK government announced that Blue Badges would no longer be recognised across Spain, either making parking more difficult or risking fines for thousands of people. An embassy spokesperson has now advised: “If you have a UK Blue Badge and live in Spain,

UK BLUE BADGES: Are no longer recognised in Spain.

you must return it to the original UK issuing authority. You can apply for a new Spanish disabled parking card. The process is different in each region of Spain. Contact your local town hall or social services department for further information.” For many pensioners and disabled their car is their lifeline, giving them access to shops, doctor’s visits, and all important social contact with their community however. Cutting off this access, especially post-Covid, is making life harder for many elderly and disabled. Others, with limited access to Spanish ad-

ministrative assistance, are daunted by the prospect of now having to apply for the Spanish equivalent. That’s why the Euro Weekly News would like you to get involved pushing the British government to work with their Spanish equivalents on a resolution. Help to make this resolution the right one by signing our petition at euroweeklynews.com/ 2022/06/14/blue-badges and by sharing our message as widely as possible. Thank you.

DISABLED PARKING: Gives many easy access to shops, doctor’s visits and social contact within their community.

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16 - 22 June 2022

Smoke-free beaches Tamsin Brown THIS summer, Calvia is adding the beaches of La Romana de Peguera, es Carregador de Palmanova and part of Santa Ponça to the Smoke‐ Free Beaches programme (Platges sense Fum). The initiative is being promoted by the Directorate‐General of Pub‐ lic Health and Participation of the Balearic Islands Government with close collaboration from the De‐ partment of the Environment and the local town halls. Calvia Town Hall has joined them, with the aim of raising awareness of the impor‐ tance of maintaining a healthy en‐ vironment and minimising the generation of waste on the coast. On June 8, the beach of Santa Ponça was visited by the mayor of Calvia, Alfonso Rodríguez Badal,

Image: Calvia Town Hall

Three beaches in Calvia are now officially smoke-free.

the councillor for the Environ‐ ment, Miquel Mir, and the direc‐ tor‐general of Public Health and Participation, Maria Antònia Font. The mayor highlighted Calvia’s aim of becoming a healthy town in which any action that promotes

the well‐being of its citizens is wel‐ come. Having smoke‐free beaches will not only be good for people’s health, but also for the environ‐ ment because there will be less lit‐ ter and residue on the coast and beaches.

Recycling champions ON Tuesday June 14, the vice‐presi‐ dent of the Consell de Mallorca and executive councillor for Sustainabili‐ ty and the Environment, Aurora Ri‐ bot, the director of Waste, Juan Car‐ rasco, and the area manager of Ecovidrio, Roberto Fuentes, handed out the prizes to the Mallorcan schools that won the Little Recyclers competition for recycling the largest

amount of glass. A total of 60 primary schools and more than 13,500 pupils took part in the competition, in which a total of 70,639 kg of glass containers were recycled. The winning schools were those that collected the most kilo‐ grams of glass per primary school pupil. The winning schools of the third

edition of the Little Recyclers compe‐ tition were the S’Algar de Porto‐ colom Primary School in Felanitx, with an average of 12.5 kilograms of glass per pupil; the Blai Bonet Prima‐ ry School in Santanyi, with an aver‐ age of 18.8 kilograms of glass per pupil; and the Sant Domingo Primary School in Santanyi, with an average of 219.6 kilograms of glass per pupil.

NEWS

National Sign Language Day JUNE 14 is the National Day of Spanish and Catalan Sign Language. Guaranteeing uni‐ versal access to resources and information, and thereby pro‐ moting the full integration and autonomy of all people, is one of the objectives of the Consell de Mallorca when it comes to providing services such as the Sign Language In‐ terpreting Service. The Sign Language Inter‐ preting Service has been in operation for two decades, and the number of users and services provided has doubled over the last five years. The president of the Con‐ sell, Catalina Cladera, said: “Dates like today remind us that we must give sign lan‐ guage the importance it de‐ serves and guarantee that it is learned and used. Sign lan‐ guage is a means of commu‐ nication that provides univer‐ sal access to information and

Image: Consell de Mallorca

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June 14 is the National Day of Spanish and Catalan Sign Language.

equal opportunities.” It is estimated that approxi‐ mately 1,000 people in Mal‐ lorca use sign language, in‐ cluding people with hearing disabilities, their families and/or professionals. Current‐ ly, the Consell de Mallorca’s Sign Interpreting Service is made up of a team of four professionals who are avail‐ able to accompany people whenever required.

Door-to-door waste collection ON June 10, the mayor of Palma, José Hila, and the president of the municipal waste collec‐ tion company EMAYA , Ramon Perpinyà, pre‐ sented the results of the first year of the door‐to‐door waste col‐ lection service for more than 1,000 businesses in the areas of Son Castelló, Son Rossinyol, Can Valero and Son Va‐ lentí. Hila highlighted “the importance of applying measures to achieve a more sustainable city” and said that increasing recycling is “fundamen‐ tal”. Given the effec‐ tiveness of the service, it will now also be im‐ plemented in other ar‐

eas of Palma. The door‐to‐door col‐ lection system im‐ proves the image of the areas by removing large bins from public spaces, which are often places where waste ac‐ cumulates. More recy‐ cling also means less waste, less incinera‐ tion, less energy con‐ sumption, less CO2 emissions and less de‐ forestation. Before the system was introduced, only 8.3 per cent of waste (cardboard and some packaging) was selec‐ tively collected from in‐ dustrial zones. In just one year, this figure has risen to 40 per cent.

NEWS

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16 - 22 June 2022

Museum summer school FOR the first time since they opened, the Maritime Mu‐ seum of Mallorca and the Museum of the Sea are of‐ fering summer schools for children aged eight to 12, where they will be able to carry out various education‐ al activities both inside the museums and in the sur‐ rounding area. The aim is to provide en‐ tertaining and creative activ‐

ities that will allow children to enjoy themselves while acquiring new skills and learning all about the sea. The programme includes a workshop on cyanotype printing, visits to the fish farms and municipal mar‐ kets in Port de Soller and Palma and educational games. For more information and to register, email informa

ciomaritim@conselldemal lorca.net or call 971 632 201 (Soller) or 871 003 434 (Pal‐ ma). The summer school at the Museum of the Sea in Port de Soller will take place from June 27 to July 1 (9am to 2pm), and the one at the Maritime Museum of Mal‐ lorca in Palma will take place from July 4 to 15 (also 9am to 2pm).

Aeroplane christened

ON June 8, the director of Tourism Pro‐ motion of the Consell de Mallorca, Lucía Escribano, took part in the christening ceremony of a new plane from the tour operator TUI, which was named after the island of Mallorca. The event took place when the Boe‐ ing 737 MAX arrived in Palma. Dagmar Wöhrl, a former German politician and current member of the German nation‐ al committee of UNICEF, was in charge of christening the aircraft. Also in attendance were the Minister of Economy, Tourism and Employment

of the Balearic Islands Government, Ia‐ go Negueruela; the councillor for Tourism of Palma, Elena Navarro; the CEO of TUI Group, Sebastian Ebel, and the director of Palma Airport, Tomás Melgar. The Boeing 737 MAX, which now bears the name of Mallorca, is an air‐ craft that leaves a significantly smaller carbon footprint than others such as the 737 Next Generation (NG), which it is replacing. It consumes 15 per cent less fuel and causes 40 per cent less noise pollution.

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16 - 22 June 2022

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NEWS

Doctors close ranks around Nadal Anna Ellis SPANISH doctors have closed ranks around Rafael Nadal stating that: ‘Infil‐ trations are not doping’, according to Spanish media. The Spanish Society of Sports Medicine has issued a statement with 12 points clarifying the commotion. French cycling lambasts Nadal for his injections: “If you’re sick or injured, you don’t compete.” The Spanish Society of Sports Medicine has issued an informative note, before the “comments that are taking place in the public opinion in rela‐ tion to the treatment received by the tennis player Rafael Nadal in his last par‐ ticipation in the Roland Garros tourna‐ ment,” affirming that “infiltration is not doping.” In 12 points, the medical entity ex‐ plains, among other things, that “anaes‐

RAFA NADAL: Has been blasted by French cyclists.

thetic infiltrations are therapeutic pro‐ cedures of wide and ancient use, both in the field of sport and in the workplace and in many others.” The Spanish Society of Sports Medicine concludes that “an infiltration is not a method of doping unless a pro‐ hibited substance is administered in that injection.”

Medication withdrawal THE Spanish Agency for Medicines and Health Prod‐ ucts (AEMPS), an entity that belongs to the Ministry of Health, has warned of the withdrawal of a well‐known drug that is used to reduce the so‐called ‘bad’ cholesterol (LDL cholesterol), Simvas‐ tatin. In a warning published on Thursday, June 9, AEMPS said the drug that is being withdrawn is made by the Cinfa laboratories. This withdrawal specifically affects batch BT1432, ‘pack‐ aged with an unauthorised version of cases and inserts’, and this is the reason why it has been classified as a Class

2 defect by the entity. AEMPS has also urged autonomous communities to monitor the withdrawal of this product. AEMPS’ website states that Simvastatin is used in conjunction with a choles‐ terol‐lowering diet in cases where there are high levels of cholesterol in the blood or levels of fatty substances in the blood, an inherited dis‐ ease, which increases the lev‐ el of cholesterol in the blood, coronary heart disease (CHD) or if you have a high risk of coronary heart disease (be‐ cause you have diabetes, his‐ tory of stroke or other blood vessel disease).

Train collision AUTHORITIES have confirmed that 22 people were hospi‐ talised after a head‐on colli‐ sion between a regional pas‐ senger train and a locomotive in the north‐east of the coun‐ try. The collision occurred on Sunday night, June 12 near the town of Vila‐seca, south of Barcelona. There were 75 people on the train. The re‐ gional government of Catalo‐ nia advised that five of the 22 injured were seriously injured. Spanish rail infrastructure company, Administrador de Infraestructuras Ferroviarias (Adif), said the freight locomo‐ tive had suffered brake prob‐ lems. The collision was still un‐ der investigation.

NEWS

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16 - 22 June 2022

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Spain honours Ms Cruz Cruise passengers to double PENELOPE CRUZ has won one of Spain’s top film and cinema awards for her con‐ tribution to Spanish cinema, the country’s ministry of cul‐ ture said on Monday, June 6. The jury of the 2022 Na‐ tional Cinema Award was unanimous in its decision to honour the Madrid‐born star, describing the 48‐year‐ old Oscar winner in a state‐ ment as an “iconic actress whose brilliant legacy en‐

riches Spain’s cultural her‐ itage,” according to Spanish media. “Committed to her craft, she seeks excellence in her work, allowing her to create some of the most unforget‐ table characters in the histo‐ ry of our cinema,” the jury added. The recognition is the lat‐ est addition to Cruz’s long list of accolades, from an Academy Award for best‐ supporting actress in ‘Vicky

Cristina Barcelona,’ to top awards at the Cannes and Venice Film Festival. President Pedro Sanchez congratulated Cruz after the award was announced. “She is the embodiment of cinema, both Spanish and international,” Sanchez tweeted, citing her “im‐ mense talent and exception‐ al performances.” Past winners of the award include actor Antonio Ban‐ deras.

Electricity price cap

FROM Wednesday, June 15, 2022, the Roy‐ al Decree‐Law 10/2022 that limits the price of gas (which plays a big part in the cost of elec‐ tricity) was implement‐ ed and should start to show the energy mar‐ ket an expected reduc‐ tion of around 15 per cent in consumers’ bills.

Prices should reduce.

The market is compli‐ cated and is not a one size fits all for consumers. However, simply put, the price cap will be enforced as of June 15, 2022. Con‐ sumers with market vari‐ able rates may see a re‐ duction of around 15 per cent, but see a small sur‐ charge added to their bill. Clients on a fixed rate will not see any change.

PASSENGER numbers arriv‐ ing in Valencia in 2022 will be almost double those in 2019 according to MSC Cruises. Speaking to Spanish press on June 8, Fernando Pacheco, the company’s general director in Spain said they will bring close to 60,000 passengers to Valen‐ cia this year. Pacheco said the MSC Bel‐ lissima will join the MSC Seaside, which is already stationed in Valencia, adding extra capacity for 5,686 pas‐ sengers on each journey This will also be the first time, two of the company’s cruise ships will sail from and back to Valencia. He said: “Not only do we think we are going to recover from the pandemic in Valen‐ cia, but we also think we are going to make much larger volumes than those made in 2019.” Currently, he said, they are experiencing 144 per cent more bookings nation‐ wide than at this time in 2019. At the current rate of

bookings, the company ex‐ pects to run nearly 70 per cent more sea voyages than

it did in 2019. This forecast will be good news for the local economy.

Voiceover actress dies aged 90 Peter McLaren‐Kennedy THE voice that gave life to Meryl Streep, Julie Andrews and many other famous actresses in Spain has died at the age of 90. Rosa Guiñón, whose death was announced by The Academy of Motion Picture Arts and Sciences on Twitter on Tuesday June 7 was a Catalan actress. Widely known in Spanish circles she was used to dub‐ bing the voices of many of the top English speaking ac‐ tresses over the years. She completed more than 1,700 films during her long career including many of the most iconic and fondly re‐ membered movies of all time. Included in her roles was the character played by Audrey Hepburn in the 1961 classic Breakfast at Tiffany’s, Mary Poppins in the 1964 classic and Natalie Wood in West Side Story back in 1961. More recently she filled in for everyone from Meryl Streep to Barbara Streisand. Married to fellow voice artist Rogelio Hernández who gave voice to Michael Caine, Jack Nicholson, Paul New‐ man and Marlon Brando, she leaves behind a daughter who has followed in her parent’s footsteps.

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euroweeklynews.com

16 - 22 June 2022

British journalist missing A BRITISH journalist travelling with a former government official has gone missing in the Amazon after he and his guide received threats from loggers and miners in the re‐ gion. According to the media in Brazil, a local tribesman raised the alarm on Monday, June 6 after the pair went missing during a report‐ ing mission into the network of rivers around the town of Atalaia do Norte, the entry point into the Javari reserve. Dom Phillips and Bruno Araujo Pereira, a former government official tasked with

ATALAIA DO NORTE: A town on the river at the entry to the Javari reserve.

protecting local tribes, set off last week by boat for a region known as the Lago do Jaburu. Their journey to Atalaia do Norte should not have taken more than a few hours. When they failed to ar‐ rive by 2pm a search party was sent out to look for them, with local

police and the army assisting in the search. A spokesperson for the media said: “We are in contact with the British embassy in Brazil and local and national authorities to try to establish the facts as soon as possi‐ ble.”

Largest dinosaur remains unearthed NEW research by a team of scientists, including PhD student Jeremy Lockwood from the Natural History Museum, identified on Thursday June 9, the remains of one of Europe’s largest‐ever land‐ based hunter, a dinosaur that measured over 10m long and lived around 125 million years ago. The remains comprising of several bones uncov‐ ered on the Isle of Wight, on the south coast of England, and now housed at Dinosaur Isle Muse‐ um in Sandown, belonged to a type of two‐legged, crocodile‐faced predatory dinosaur known as

spinosaurids. Dubbed the ‘White Rock spinosaurid’ after the geological layer in which it was found. Chris Barker, PhD student, at the University of Southampton, who led the study said, “This was a huge animal, exceeding 10m in length and proba‐ bly several tonnes in weight. Judging from some of the dimensions, it appears to represent one of the largest (if not the largest) predatory dinosaur ever found in Europe. “It’s a shame it’s only known from a small amount of material, but these are enough to show it was an immense creature.” THE EURO WEEKLY NEWS has urged its readers to sup‐ port local businesses in the community by shopping lo‐ cally in recent times. Now things are heading back to normal, we challenge you to maintain that habit by sup‐ porting local high streets, markets, butchers, greengro‐ cers and all of the wonder‐ fully quirky independent

Britain is shrinking BRITAIN is shrinking according to the head of England's Environment Agen‐ cy (EA) and climate change is the cause. EA Chief Executive Sir James Bevan said on Tuesday June 7 at a Flood and Coast Conference in Telford that many of Britain’s coastal communities will be affected and means people having to move from where they cur‐ rently live. The warmer oceans and the melting ice caps he said, are not just affecting islands in the Pacific but also places closer to home including the UK.

AS has been a tradition for previous Ju‐ bilees, Her Majesty The Queen has re‐ ceived a bespoke gift from Cabinet min‐ isters to mark her remarkable 70 years of service. Over the last seven decades the Queen has been served by 14 individuals from Winston Churchill to current Prime Minister Boris Johnson. James Callaghan’s Cabinet marked the Queen’s Silver Jubilee in 1977 by presenting her with a silver coffee pot. Then in 2002, for the Queen’s Golden Jubilee, Her Majesty received a silver‐gilt

plate from her Cabinet ministers which was engraved with their signatures. To mark Her Majesty’s Platinum Jubilee a hand‐painted enamel‐on‐copper musi‐ cal box, commissioned from Halcyon Days, has been gifted. One hundred per cent hand made in England, finished with a platinum mount, when opened the musical movement plays Handel’s ‘Hallelujah’. A symbol of praise, this gift honours her ex‐ emplary service and phenomenal achievements.

GO LOCAL

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

e Now s a week 7 days

SON FERRER

According to a press release in ad‐ vance of his speech he said: “While we can come back safely and build back better after most river flooding, there is no coming back for land that coastal erosion has taken away or which a rising sea level has put per‐ manently or frequently under water.” Britain has been shrinking for some time with coastal and land erosion a major problem for the island, whoev‐ er what is different is that climate change is both speeding this process up and increasing the dangers that go with it.

A bespoke gift

HIPS C & H FIS ABLE AVAIL rved Book now 971 376 418

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known suppliers. The joy of shopping locally means that independent businesses can support the local community. You may find something a euro or two cheaper online but have you considered where your money is actually going?By shopping locally you’re putting food on a local family’s table and there is nothing better than giving back to the communities that have given us so much. Local stores support charities 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 fam‐ ily. Likewise, brand new local stores and bars may help the generations of the future ful‐ fil their dreams and ambi‐ tions. 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 mon‐ ey locally will make a real dif‐ ference to the local economy. Local businesses recirculate a greater share of every euro they receive at local level. They create locally owned supply chains and they invest in their employees. So remember, buy local. When you go shopping ‐ go local!

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Only universal chargers legal THE European Union (EU) has approved the uni‐ versal charger con‐ cept which will be effective from au‐ tumn 2024, re‐ quiring every sup‐

plier to use the same model. The agreement an‐ nounced on June 7 will see all electronic equip‐ ment, phones, camera, laptops etc being re‐

Cooperation arrangement FOLLOWING a statement by President Ursula von der Leyen and US President Joe Biden marking the second Global Covid‐19 Summit, the European Commission and the US Department of Health and Human Services have signed an arrange‐ ment to strengthen cooper‐

ation on preparedness and response to public health threats. This will enable the Com‐ mission and the US to work together on a broad range of topics to jointly tackle health emergencies, con‐ tributing to establishing a strong global health archi‐ tecture. Stella Kyriakides, Euro‐ pean Commissioner for Health and Food Safety, said: “Today’s first transat‐ lantic arrangement on co‐ operation in the area of

health is an important step in our already close work‐ ing relationship with the US to counter Covid‐19.” Xavier Becerra, Secretary of the US Department of Health and Human Ser‐ vices, said: “Strengthening our collaboration with the European Commission through this formal ar‐ rangement signifies the im‐ portance the US places on working together toward our shared pandemic pre‐ paredness and response goals.”

quired to use the USB type C cable for charging the equipment. Already in use on many items and phones, with the exception of iPhones, the change will only af‐ fect new equipment sup‐ plied after the autumn date. A number of suppli‐ ers will have to make sig‐ nificant changes to their production to enable the use of the agreed cable, hence the two year grace period. The change will make a huge difference for con‐ sumers who will now not have to buy a variety of cables in order to charge their item. USB Type‐C ports are now found on a wide range of devices, from simple external hard drives to high‐end laptops and the latest smart‐ phones.

Europe for summer holidays EIGHTY PER CENT of travellers are looking to book in Europe for their summer holidays ac‐ cording to a study carried out by the European Travel Commission. With the summer 2022 season approaching, the European Travel Commission has published a market study titled: ‘Exploring Consumer Trav‐ el Attitudes and Expectations to Drive Tourism Recovery’. The study shows a positive percep‐ tion of Europe as a destination, with almost all interviewed participants (94 per cent) indicating that they positively perceive Europe as a travel

destination. Travellers are most interested in vis‐ iting the Mediterranean region, in particular Spain, France, Italy, and Greece. Some interviewees were affected by the Rus‐ so‐Ukrainian crisis, but the conflict did not nega‐ tively impact their perceptions of Europe overall. However, travellers seem to be more cautious about visiting Eastern Europe. The likelihood of the respondents booking a holiday to a European destination is very high, with 80 per cent of the interviewees either likely or extremely likely to do so.

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SOCIAL SCENE

Festivities return

Texas in Mallorca

16 - 22 June 2022

FOLLOWING two summers of cancelled or restricted events, Mallorca’s summer fiestas are back with a bang! From now up until September, there will be lots of fiestas taking place across the island, with June offering Sant Pere (Saint Peter the Fisherman), Sant Marçal (Saint Martial of Limoges) and Sant Joan. The villages most noted for Sant Joan are Deya, Mancor de la Vall, Muro, Son Servera and Sant Joan itself. While, in Palma, the eve of Saint John (June 23) is celebrated with the night of fire and people heading for the beaches and the rituals of cleansing and fertility. Beaches elsewhere on the island will also attract a lot of people, particularly as they were closed in 2021 and 2020. In Deya and Mancor, things get under way with rock and pop parties. The weekend programme is as follows: Friday:

Deya, Sant Joan Fiestas at 7pm: Evening party with Funkenstein, La Movida Band and DJ Txema Sanchez at Joan Mas Amphitheatre. Mancor de la Vall, Sant Joan Fiestas at 10.30pm: Night party at Plaça d’Alt. Saturday: Deya, Sant Joan Fiestas at 10am: Concert with Deya School of Music at Joan Mas Amphitheatre. 11pm: Night party with

Cirko, Xanguito, Madafunkers and DJ at the sports courts. Mancor de la Vall, Sant Joan Fiestas at 7pm: Folk dance at Plaça Ajuntament. 8.30pm: Sheepdog trials at the football ground. 10.30pm: Party with Los Javaloyas and Orquestra Galatzo at Plaça Ajuntament Sunday: Mancor de la Vall, Sant Joan Fiestas from 11am at Plaça Baix.

The Nit de Foc

The Nit de Foc is one of the biggest parties in Mallorca.

THE Nit de Foc is one of the biggest parties in Mallorca, with the largest celebrations taking place in Palma. The celebrations are on June 23 and will take place in the Pal‐ ma centre and Parc de Mar. Celebrated on the eve of Sant Joan fiesta, the celebra‐ tions include street parties, bonfires, fireworks, pop con‐ certs, devils and demons and the infamous ‘correfoc’ ‐ the fire run, where the ‘devils’ run through the streets with firecrackers and fireworks! The main action is in Palma’s Parc de Mar by the cathe‐ dral. From around 10.30pm the correfoc (fire run) will take place and then a concert at 12am. Bring your dancing shoes and be ready to party! You can find out more about the fiesta and timings via www.participacio.palma.cat.

T H E legendary Texas will be coming to Mallorca on A ugust 12, at a concert in P ort A driano as part of the Port A driano M allorca Festival. The event will start at 10pm and tickets can still be purchased from www.por tadrianomusic.es. After the success of her previous tour, which coincided with the release of her latest album, Jump On Board, Texas now returns to the stage to commemorate the 30th anniversary of her debut album, Southside. A spectacular show awaits you on this tour where you will hear all of Texas’ greatest hits including S ay W hat Y ou W ant, I Don’t Want a Lover, Black Eyed Boy and Summer Son. The use of masks is mandatory to access the venue and move around it.

The legendary Texas will be coming to Mallorca in August.

SOCIAL SCENE

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16 - 22 June 2022

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Save the turtles No Strings Attached T O D AY T hursday J une 16 is W orld S ea T urtle Day, one of the most endangered and longest-living animals on the planet. To commemorate the day, the Department of the E nvironment of Calvia Council, together with the Palma Aquarium Foundation, will be holding an exhibition in the youth building of Es Generador in Son Caliu until June 23. The exhibition will feature images and explanations about the procedures of rescuing and rehabilitating injured or sick sea turtles. Y ou can see the process of collection, transfer, veterinary review, treatment, recovery and release back into the sea. At 5pm today, June 16, you will also be able to learn good practices and how to act in the face of a possible sighting at sea or on land in the talk Rescue of protected marine fauna. The councillor for the Environment and E cological T ransition, Rafel Sedano, said that with the exhibition “we want to raise awareness about the impact of plastics, fishing with nets where turtles are trapped, changes in ocean temperatures and increased tourism on the beaches where they are said to be seriously threatened and disappearing.”

June 16 is World Sea Turtle Day, one of the most endangered and longest-living animals.

Roaring Twenties ON Saturday, June 18, you can be transported back to the roaring 20s with the help of The Monkey Swingers, a trio performing classic songs from the era. The event is free and will begin at 12pm, taking place at Plaza de la Porta Santa Catalina, Palma. The trio consists of singer and harmonica player Christa Elmer who was trained at the Jazz School in Lausanne, Switzerland; Spanish guitarist and clarinettist who has worked in Ireland for many years Pedro Riestra and, Fer‐ nando Rubin, an Argentine and famous luthier on the is‐ land. Together, the trio form this cheerful, fun, original and el‐ egant group that will give a touch of glamour and quality to any event. This will be a great event for all of the family with some of the most well‐known and recognisable songs in history!

NO STRINGS ATTACHED will be presenting a live orchestral rendition of Dr Dre: 2001, on July 1 at 7pm in Calvia, with the venue to be confirmed. This body of work features so many intricate musical layers, with one of the U K ’s leading orchestras performing a complete rendition of the album and some of Dre’s west coast classics from start to finish. Accompanied by DJs, singers, and lyricists this is not your average orchestral event.

No ordinary orchestral event!

This is the combination of a traditional Orchestra merging with a modern live hip-hop music event! Sign up for early access tickets at www.nos tringsattachedevents.co m/signup

You can also find out more via the Facebook page @ N o S trings AttachedEvents Note: Dr Dre will not be attending this event. This is an orchestral rendition event performing covers and renditions.

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Flower Power Dance the night away to the rhythms of the 60s, 70s and 80s.

PUERTO PORTALS will travel back in time to the 1960s to celebrate the fifth edition of Flower Power. The event will take place on Friday July 1, where people will be dressed up in their best hippy outfits! The event will start at 9pm, at 9.30pm there will be live music from Beatles tribute Abbey Road. From 10.30pm DJ Mariano Somoza will take to the decks and from 1am DJ Paco Colombas will continue the party! Dance the night away to the rhythms of the 60s, 70s and 80s at the legendary Flower Power, where freedom, peace, happiness and music meet on the dance floor. For just one night, return to the glorious decade of the 60s that turned Ibiza into the famous island of freedom. Don’t miss the most party consisting of shows, dancers, live music, DJ sets and much more. PEACE AND LOVE! You can find out more and purchase tickets here www.puertoportals.shop.

SOCIAL SCENE

OCIMAX MAHON LIGHTYEAR EVERY DAY : 16.50. 19.00

JURASSIC WORLD:DOMINION EVERY DAY : 19.30

OCIMAX PALMA LIGHTYEAR FRI : 15.45 • 18.00 SAT & SUN: 12.15. • 15.45 • 18.00 MON & TUES: 15.45 • 18.00

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16 - 22 June 2022

EUROPEAN PRESS

EUROPEAN PRESS DENMARK

FINLAND

Democracy Summit

Refugee centre

COPENHAGEN hosted the annual international Democracy Summit (originally suggested by the American government) on June 9 and 10, attended by representatives of world governments with appeals from the leaders of both Taiwan and Ukraine to be allowed by China and Russia to exist without interference.

THE autonomous region of Åland opened its first shelter to assist some 250 Ukrainians who are now refugees on the islands following the Russian invasion. This joins 49 other similar reception centres so far opened across Finland, although the majority of refugees are living with relatives.

THE NETHERLANDS

IRELAND

Damp squib

Level crossings

NEW YEAR’S EVE in Amsterdam is a time for family and quiet enjoyment until midnight when the city and much of Holland erupts into explosions as fireworks are let off. The Dutch government wanted to ban them completely but can’t get a majority.

IT’S not just border crossings that are causing a problem as there has been a huge increase in the number of traffic accidents at level crossings that are dangerous, particularly in Dublin with a jump of around 75 per cent so far this year.

BELGIUM

ITALY

Smelly flower

Boarish behaviour

THE largest and also the smelliest flower in the world, the giant arum, bloomed once again in the Meise Botanic Garden in Brabant. Although it is a huge and beautiful flower native to Indonesia it has a strong smell of rotting flesh.

TEENAGERS enjoying an end of school picnic on the shores of Lago Albano, below the Pope's summer retreat at Castel Gandolfo near Rome were horrified when their festivities were interrupted by a visit from a family of wild boar hoping to join in the fun.

GERMANY

PORTUGAL

Car wars

PacaMac

AFTER the European Parliament approved a bill to stop the sale of new petrol and diesel cars by 2035, representatives of the German auto industry immediately criticised the decision saying it was too early and too costly as support infrastructures were not likely to be in place.

FAST food chain McDonald’s are reportedly spending €1.2 million on producing new uniforms for their Portuguese staff in order to promote a new image after engaging young fashion designer Katty Xiomara to prepare the new design which the company hopes will invigorate its employees.

FRANCE

UKRAINE

Trojan Horse

Mobile force

THE saying ‘don’t look a gift horse in the mouth’ might apply to 18 people who have gone on trial in France accused of selling horse meat (which continues to be cheaper than beef and popular in France) which had not been cleared for human consumption.

WHILST mechanics are known to be adapting demolition derby cars to allow them to be used by Ukrainian troops to fight the Russian invasion, Uber has created a special channel to allow former drivers and others to become involved in delivering vital supplies where lorries can’t travel.

NORWAY

SWEDEN

Belated birthday

SAD SAS

ANOTHER member of the Norwegian Royal Family is old enough to start to undertake official duties as Princess Ingrid Alexandra who saw her 18th birthday last January is to enjoy two formal birthday parties, on June 16 and 17, delayed because of the pandemic.

THE Stockholm-based airline which recently reported a €142 million loss had a further hammer blow when it learnt that the Swedish government which had been supporting it financially for years has decided that enough is enough and now SAS is looking for support from Denmark.

FINANCE BUSINESS EXTRA Amazon luxury

euroweeklynews.com • 16 - 22 June 2022

is the amount currently being committed by the PERTE STAT OF (public-private collaboration) in Spain for projects WEEK €11.85 billion involving the development of electric vehicles.

Second hand Spain Credit: Wallapop

LATEST online special from the internet giant is the Amazon Fashion Luxury Store which will launch in five European countries including Spain and the UK, offering eight top fashion brands like Dundas and Elie Saab with more to be added in the future.

El Corte Inglés

Shell companies DETERMINED to stamp out the use of shell companies in order to hide income, the Spanish government through the Tax Agency intends to investigate companies that don’t present annual accounts and to increase the range of sanctions that may be implemented.

Self-serving DURING lockdown, UK low‐cost fashion chain Matalan installed magnets at check outs in order to allow shoppers to remove electronic tags to cut the risk of transfer of coronavirus, but now it has decided to keep this requirement and customers must also put hangers away as well.

EU budget THE European Commission proposed annual EU budget of €185.6 billion for 2023, to be complemented by an estimated €113.9 billion in grants under NextGenerationEU is designed to respond to the most crucial recovery needs of EU Member States as they recover from the pandemic.

ONLINE PLATFORM: Wallapop is one of a growing number of similar sites.

SPANISH consumers are becom‐ ing more likely to repair and reuse according to ‘The Network of Change’ survey conducted by Kantar for Wallapop. In times of financial difficulty which became most apparent during the lockdowns in Spain which is continuing with the high levels of inflation, it is quite nor‐ mal to see families cutting back on luxuries and postponing non‐ essential purchases. There is a difference between how businesses in different countries have reacted to this situation, with the UK for exam‐

ple cutting individual profits in order to boost turnover whilst in Spain, many companies kept prices high in order to protect profits from reduced sales. In the current situation there seems to be a third option which integrates a new level of under‐ standing of the need to be more committed to sustainability and to ensure that ‘awareness wins over impulse’. Wallapop, founded in 2014 is basically an online option for those wishing to buy and sell second‐hand goods either in or‐ der to be part of the sustainable

economy or to simply get a good deal. According to the report, 62 per cent of those surveyed indicate that when they finally decide to acquire a new product, they do so taking into account sustain‐ ability factors, a percentage that increases among women. Some 55 per cent of these con‐ sumers point to second‐hand on‐ line platforms as the ones that are working the most to pro‐ mote the circular economy and the ones that most help to prac‐ tise more conscious consump‐ tion.

PPE scandal

BRITAIN is set to destroy unwanted PPE equipment losing €4 billion ac‐ cording to a report issued by the Public Accounts Committee issued on Friday June 10. There was a mad rush for protective clothing at the start of the battle against coronavirus and there have been accusations that not only were some purchasing regulations ignored, but senior government ministers also made sure their friends obtained con‐ tracts. This latest report issued by a panel of MPs appointed to oversee expendi‐ ture make the startling claim that the Department for Health & Social Care

FINANCE

Credit: Jernej Furman Flickr

FOLLOWING significant losses in 2020, department store chain El Corte Inglés has now closed its 2021 accounts showing that it returned to a €120 million profit even though sales were €2.7 billion below its pre‐pandemic turnover and with fewer restrictions in 2022 should grow.

Billions of pounds have been wasted on PPE.

(DHSC) lost 75 per cent of the £12 bil‐ lion it spent on personal protective equipment (PPE) in the first year of the pandemic to inflated prices and kit that did not meet requirements. This included fully £4 billion of PPE that will not be used in the NHS and

needs to be disposed of. There is no clear disposal strategy for this excess but the Department says it plans to burn significant vol‐ umes of it to generate power ‐ though there are concerns about the cost‐ef‐ fectiveness and environmental impact of this ‘strategy’. The report goes on to say that as a result of DHSC’s ‘haphazard purchas‐ ing strategy’ 24 per cent of the PPE contracts awarded are now in dispute including contracts for products that were not fit for purpose and one con‐ tract for 3.5 billion gloves where there are allegations of modern slavery against the manufacturer.

Wake up AIRLINE unions and pilot groups are up in arms over a tweeted video message sent to WizzAir staff by CEO of the Hungarian air‐ line Jozsef Varadi. His actual words were: “Now that everyone is get‐ ting back into work, I un‐ derstand that fatigue is a potential outcome of the issues, but once we are start to stabilise the ros‐ ters, we also need to take down the fatigue rate. “I mean, we cannot run this business when every fifth person of a base re‐ ports sickness because the person is fatigued. We are all fatigued, but sometimes it is required to take the extra mile.” Later it was explained that this was not aimed at pilots who are required to step down if there is any chance of endangering pas‐ sengers.

Repsol surprise ON June 9, Repsol’s Board of Directors approved the sale of a 25 per cent stake in Repsol Renewables to the consortium formed by the French insurance company Crédit Agricole Assurances and Switzerland‐based En‐ ergy Infrastructure Partner (EIP) for €905 million. The transaction values Repsol’s renewable busi‐ ness at €4.38 billion, includ‐ ing debt and minority hold‐ ings which is considerably higher than expected espe‐ cially as the business was only started three years ago. Renewable electricity gen‐ eration is one of the main pillars in Repsol’s decarbon‐ isation model after it be‐ came, in 2019, the first com‐ pany in its industry to make a commitment to reach zero net emissions by 2050.

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FINANCE, BUSINESS & LEGAL MAKE THE MOST OF YOUR MONEY WITH US

LONDON - FTSE 100

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C LOSING P RICES J UNE 13

COMPANY PRICE(P) 3I Group 1.122,75 Abrdn 169,40 Admiral Group 2.098,0 Anglo American 3.548,9 Antofagasta 1.405,00 Ashtead Group 3.869,0 Associated British Foods 1.576,5 AstraZeneca 9.789,0 Auto Trader Group Plc 540,40 Avast 482,30 Aveva 2.370,0 Aviva 400,00 B&M European Value Retail 351,05 BAE Systems 782,00 Bank VTB DRC 0,612 Barclays 156,06 Barratt Developments 473,90 Berkeley 3.931,0 BHP Billiton Ltd 2.515,50 BP 429,55 British American Tobacco 3.424,3 British Land Company 497,80 BT Group 178,10 Bunzl 2.592,0 Burberry Group 1.594,5 Carnival 790,0 Centrica 79,09 Coca Cola HBC AG 1.675,5 Compass 1.701,00 CRH 2.906,0 Croda Intl 6.234,0 DCC 5.334,0 Diageo 3.499,7 DS Smith 285,30 EasyJet 437,40 Experian 2.376,5 Ferguson 9.038,0 Flutter Entertainment 8.402,0 Fresnillo 808,80 Glencore 494,40 GSK plc 1.741,00 Halma 2.038,0 Hargreaves Lansdown 783,90 Hikma Pharma 1.531,00 HSBC 505,50 IAG 117,61 Imperial Brands 1.757,00 Informa 521,40 InterContinental 4.510,0

CHANGE(P) 1.139,88 173,25 2.138,0 3.639,2 1.426,00 3.938,0 1.596,0 9.831,0 546,80 484,50 2.403,0 404,60 355,50 786,80 0,612 159,08 490,70 4.036,0 2.550,50 431,15 3.492,5 508,60 178,70 2.639,0 1.627,0 817,4 80,50 1.701,5 1.730,00 2.951,5 6.346,0 5.390,0 3.525,5 287,30 445,00 2.404,0 9.140,0 8.484,0 816,60 496,40 1.748,80 2.081,0 785,40 1.567,00 508,20 119,84 1.783,29 531,00 4.635,4

% CHG. 1.122,75 169,10 2.095,0 3.531,8 1.398,50 3.862,0 1.575,0 9.766,0 539,60 474,40 2.342,0 399,90 349,80 774,20 0,612 155,96 473,70 3.931,0 2.506,50 426,70 3.424,3 497,00 174,60 2.590,0 1.591,5 786,6 78,36 1.669,0 1.700,50 2.906,0 6.228,0 5.332,0 3.498,0 284,50 429,00 2.370,0 9.018,0 8.296,0 745,80 483,61 1.730,80 2.031,0 778,60 1.529,50 502,90 116,88 1.750,21 520,20 4.513,0

NET VOL 17,42K 1,19M 52,70K 31,77K 37,55K 13,32K 47,31K 166,14K 297,07K 45,66K 40,34K 600,91K 565,08K 832,49K 0 7,65M 354,84K 17,08K 454,92K 3,16M 20,60K 197,38K 1,52M 47,20K 44,19K 285,56K 670,86K 50,03K 299,27K 124,19K 20,53K 48,04K 243,10K 1,57M 951,45K 174,08K 34,73K 35,71K 662,98K 1,01M 962,51K 57,55K 92,11K 54,01K 5,31M 3,57M 82,21K 312,01K 3,33K

ºCOMPANY

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

1.427,50 4.275,0 66,83 208,29 2.020,0 723,00 237,30 42,66 6.956,0 771,60 150,80 1.434,00 1.075,50 217,55 6.018,0 1,89 901,78 2.152,2 603,76 975,80 6.018,0 2.133,00 472,90 548,60 5.608,0 87,32 0,60 611,60 1.197,00 0,0453 2.638,0 713,42 988,20 2.888,0 2.291,5 1.188,04 1.489,64 9.702,0 1.714,00 1.135,00 579,00 121,03 245,50 165,40 3.629,0 1.047,00 125,74 2.556,4 830,00

CHANGE(P)

% CHG.

NET VOL

1.440,50 4.351,0 68,46 213,70 2.028,0 738,60 240,70 43,38 7.112,0 775,20 153,35 1.449,50 1.086,50 221,70 6.138,0 1,89 916,80 2.197,9 611,40 980,20 6.080,0 2.154,41 478,30 555,60 5.650,0 89,78 0,60 621,40 1.206,00 0,0453 2.690,0 733,00 1.009,50 2.893,0 2.299,5 1.201,76 1.500,00 9.808,0 1.740,00 1.163,00 586,40 124,55 251,29 169,94 3.662,5 1.056,00 126,12 2.649,0 842,80

1.417,50 4.273,0 66,78 208,10 1.997,5 722,60 236,70 42,65 6.922,0 771,00 149,80 1.433,50 1.073,50 217,40 6.012,0 1,89 899,20 2.149,1 603,20 971,40 5.990,0 2.133,73 472,00 547,40 5.589,0 86,78 0,60 610,60 1.196,50 0,0453 2.636,0 713,40 986,00 2.872,0 2.276,5 1.188,04 1.484,00 9.670,0 1.708,95 1.134,50 578,60 121,00 245,46 163,88 3.620,5 1.042,50 124,22 2.556,0 829,60

155,64K 15,55K 588,06K 1,43M 35,24K 85,66K 2,89M 28,12M 46,20K 36,73K 1,56M 5,79K 434,06K 3,78M 31,52K 0 385,06K 73,07K 132,57K 807,12K 82,62K 4,65K 261,39K 180,69K 259,00K 5,69M 0 99,12K 2,21K 0 33,50K 994,96K 246,93K 80,88K 2,23M 44,36K 43,87K 16,24K 54,33K 53,32K 652,37K 1,79M 496,10K 384,73K 268,85K 162,78K 5,46M 68,78K 200,01K

1.16989

0.85506

Units per €

US dollar (USD) ........................................1.0465 Japan yen (JPY)........................................140.74 Switzerland franc (CHF) ...........................1.0378 Denmark kroner (DKK) .............................7.4391 Norway kroner (NOK) ...............................10.275

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 J UNE 13

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 137,65 154,42 240,01 137,13 127,00 215,18 175,40 43,49 61,41 61,87 287,02 289,24 186,28 136,19 39,18 172,55 119,55 237,38 87,18 252,99 114,73 141,95 178,45 169,30 484,63 50,82 199,51 41,54 121,70 99,40

CHANGE 142,47 157,88 242,08 140,76 132,19 220,22 178,57 43,99 61,88 65,08 298,65 296,50 188,69 137,80 40,08 173,97 123,40 239,51 88,04 260,58 117,09 143,15 183,95 170,81 490,15 51,40 203,42 41,92 122,74 102,12

CHANGE% VOLUME(M) 137,58 5,85M 154,36 2,73M 237,40 2,89M 137,06 91,00M 126,85 7,63M 215,01 2,59M 173,65 9,48M 43,29 20,15M 60,46 14,91M 61,86 6,38M 286,85 3,60M 288,64 4,59M 186,21 2,86M 135,25 4,63M 39,18 42,84M 170,62 6,61M 119,32 12,66M 237,16 1,98M 86,71 8,58M 252,53 30,98M 114,26 6,25M 139,45 6,60M 177,20 7,83M 168,08 1,18M 480,93 2,60M 50,47 19,83M 199,18 5,15M 41,08 6,04M 119,34 8,35M 99,38 15,13M M - MILLION DOLLARS

NASDAQ C LOSING P RICES J UNE 13

COMPANY

CHANGE NET / %

VOLUME

+161.44% +138.46% +60.38% +58.67% +40.20% +39.39% +38.73% +30.04% +29.20% +23.33% +23.20%

8.86M 3.65M 5.35M 106.46M 2.21M 74.75M 38.05M 29.37M 350.36K 63.45K 53.98K

-52.77% -47.37% -39.18% -27.01% -25.53% -24.54% -24.53% -24.38% -24.05% -23.02% -23.00%

6.03M 296.19K 8.41M 201.61K 8.75M 2.92M 41.72M 6.45K 213.18K 136.85K 522.85K

Most Advanced Redbox Entertainment RISE Education Cayman Singing Machine Cogent Biosciences Alpha Tau Medical Redbox Entertainment Aeroclean Technologies LLC Bimi International Medical Aridis Pharma Oxbridge Re Holdings Equity Warrant Acurx Pharmaceuticals LLC

Most Declined Revlon ABVC Biopharma Fulcrum Therapeutics Axcella Health G Medical Bluejay Diagnostics DocuSign Fusion Fuel Green Senti Biosciences Immuneering Cosmos Holdings

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16 - 22 June 2022

Growing inflation THE Spanish National Statistics Institute (INE) announced that annual consumer prices rose by 8.7 per cent in May, up from April figure of 8.3 per cent mainly due to energy and food prices but with those stripped out core in‐ flation was at its highest since 1995 at 4.9 per cent.

Interest rates WITH negative interest rates set by the European Central Bank (ECB) it has now confirmed that it plans to increase by 0.25 per cent in July, the first‐ rate hike in 11 years to try to fight inflation with the expectation of further in‐ creases during the year.

Money making INDITEX just can’t stop making money and de‐ spite €216 million provi‐ sions for losses in Russia and Ukraine, it has re‐ vealed that first quarter sales were €6.7 billion, the highest quarter in a decade as it woos con‐ sumers back to its stores by adding new online charges.

Boots sale THE anticipated selling price for Boots the Chemist went as high as £7 billion but now accord‐ ing to Bloomberg, US owners Walgreens seem likely to consider a £5 bil‐ lion bid. This has appar‐ ently come from a consor‐ tium of American investment fund Apollo Global Management Inc. and Indian multinational Reliance Industries Ltd. If a sale is agreed, it will indi‐ cate whether Britain is still seen as a ‘bargain base‐ ment’ for international in‐ vestors looking to take over vulnerable compa‐ nies as happened with Morrisons most recently.

Four-day week DOZENS of UK companies began a four‐day work week trial on June 6 in an atmosphere of rising infla‐ tion, staff shortages and transport strikes. The trial, which involves dozens of companies from across a broad spectrum, will see staff continuing to be remunerated on their ex‐ isting packages, provided they can maintain 100 per cent productivity. Researchers from leading universities will be working alongside the companies to monitor the impact of the four‐day week on produc‐ tivity and the well‐being of staff. They will also monitor the effects of the shorter working week on gender equality and the environ‐ ment. The study follows the ap‐ proval earlier this year in Belgium of a four‐day work‐ ing week as well as an ex‐ periment by Spain’s Tele‐ fónica, although some

RESEARCH STUDY: Fewer days but greater productivity required.

suggest that it’s difficult enough to get to speak to any of their employees working five days a week! Cambridge and Oxford Universities are also in‐ volved in the study along with the organisers the 4 Day Week Global. Initially floated by the then leader of the Labour

Party Jeremy Corbyn, the idea of a four‐day work week has grown in populari‐ ty, however, there are fears that the already flagging customer service across the UK will deteriorate even fur‐ ther. Those involved in the study believe, however, that a five‐day working

week is no longer fit for pur‐ pose and that a four‐day working week will improve productivity and increase general happiness and well‐ being. One financial draw back, unless working from home, those on a four‐day week will still have to pay the full amount for season tickets.

Cheaper electricity on way GET ready for cheaper electricity in Spain after Congress approved the Royal Decree that will lower the price on June 9. The measure came into force on Tuesday, June 14 and began to take effect on Wednesday, June 15. Initially, the impact will be felt by consumers subscribed to the regulat‐ ed rate, but little by little it will also affect those who are in the free mar‐ ket. With the price of energy skyrocket‐ ing due to a number of factors, this proposal attempts to correct one of the defects of the marginal system that governs the electricity market. Natural gas is the most expensive source of energy and it controls the final price in the wholesale market. For this reason, the intention of this decree is to set a limit on the price of gas at €40/MWh. Over the course of a 12‐month period, this will increase to €70/MWh. This is also designed to eliminate

FINANCE

LITTLE BY LITTLE: Affordable air conditioning this summer.

the ‘extra income’ obtained by the rest of the sources, whose production costs are much lower and benefit from the increase in the price of gas. It should be noted that the govern‐ ment began with much higher expec‐

FINANCE

Algerian gas Credit: David Mark CC

BUSINESS EXTRA

Credit: Qfamily flickr

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tations of this mechanism. Initially, the forecast was that household elec‐ tricity bills would be reduced by 30 per cent, but now the government has estimated that it will be 15 per cent.

CURRENTLY, Algeria is the second largest supplier of gas to Spain after the USA and it was only last year that it decided not to re‐ new the treaty which al‐ lowed for gas to pass through Morocco to the Iberian Peninsula. At that time, Spanish politicians were quick to enter into new negotia‐ tions with the Algerians who at the time were in‐ tent on penalising Morocco rather than Spain and agreed to increase gas flow though the direct pipelines. Relations however have dropped to an all time low following the Spanish about face to support the Moroccan claims on West‐ ern Sahara which has re‐ sulted in the banning of all non‐ gas trade by the Alge‐ rians. With continued escala‐ tion in world energy prices, gas could become a very important bargaining chip for Algeria to hold over Spain.

Lidl expands LIDL is making progress in its objective of continuing to grow steadily in Spain with the opening of five new shops in June after in‐ vesting some €32 million and creating more than 70 new jobs. The new supermarkets are located in La Pobla de Vallbona (Valencia) which is open, Santa Pola (Alicante), Figueres (Girona), Madrid and La Rinconada (Sevilla). The Santa Pola and Girona stores will open to‐ day June 16, with Madrid and Sevilla stores opening on June 23. This follows the February opening of nine new outlets and is part of a €1.5 billion investment plan in the Spanish market.

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LEAPY LEE SAYS IT OTHERS THINK IT WHEN is all this ridiculous, upsetting and often downright insulting reversed racism going to stop? How long will it take for the authorities to gather the courage to persecute the minority whingers with the same fervour and enthusiasm they seem to reserve for the victimised majorities, who are having to watch almost everything that comes out of their mouths in case it ‘offends’ someone? A short while ago we had that awful British‐hating Afua Hirsch, who complained that white models should not adopt Afro hair styles because they were trying to ‘steal black culture’. No mention of the thousands of hair dressing salons earning fortunes by straightening, and thereby westernising, the notoriously difficult hair of black ladies the world over! This week has been no exception to the exponents of this one‐sided attitude, which, if they’re not careful, will turn us all into racists. The small and pretty town of Bideford has for years been referred to as ‘Little White Town’. This title stretches back to the 1850s when the town, endeavouring to

16 - 22 June 2022

Dream on... repel the scourge of cholera, had all its houses painted white and covered in ash. Apparently during this period, it was referred to by author Charles Kingsley in his book Westward Ho, as a ‘little white town’. Over the years, the name has become a part of its heritage and is proudly displayed on a number of public notices and postings. Yes, you’ve guessed it. There has now been a complaint that the name is racist! What is even more annoying, is that it appears there were actually only a couple of dissenters, but in the usual ‘minority appeasement’ mode that seems to prevail over our once great country, the town council has decreed that the name be changed in case they appeared to be advocating ‘white supremacy’. You really couldn’t make it up could you? Once again the British culture and heritage is being threatened by PC people, who are in fact the biggest racists of all. I mean where does it all end? How long will it be before anything referred to as white offends some bigot or another? I do actually recall, that at the end of apartheid in South Africa, it was somewhat frowned upon to ask for a

white coffee and more socially acceptable to request a coffee with milk! Will Whitechapel one day be referred to as Greychapel? Whitehaven become Greenhaven? Will it be the Purple Cliffs of Dover welcoming the illegal immigrants paddling across the English Channel? Why don’t we expunge the word from the dictionaries altogether? For heavens and all our sakes, when is someone going to get a grip and say enough is enough? The UK is already one of the most welcoming and politically correct places on the planet. What do these bigots actually want? Will they ever be happy? If nothing is ever going to please them would it not be a far better idea to find somewhere else that does? Dream on Leapy. Keep the faith Love Leapy leapylee2002@gmail.com expatradioscotland.com Mon. Fri. 1pm till 4.

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LETTERS

EW YOUR PAPER - YOUR VOICE - YOUR OPINION Letters should be emailed to yoursay@euroweeklynews.com or make your comments on our website: euroweeklynews.com Views expressed and opinions given are not necessarily those of the EWN publishers. No responsibility is accepted for accuracy of information, errors, omissions or statements.

FROM THE HORSE’S MOUTH FROM time to time letters and articles are published warning readers about ‘new tricks’ being used to steal from unsuspecting victims. As a former 30‐ year career detective in the UK and over 20 years working as a volunteer with the National Police, and a couple of years with the Guardia Civil, I know there are no new tricks, just some you may not be aware of. There are a few precau‐ tions which will afford protection from most pickpocketing attempts. Don’t take unnecessary valuable items with you when you go out, never put items of value in easily accessible pockets, espe‐ cially in loose fitting gar‐ ments. You will not ‘feel’ an attempt to steal. If approached by a stranger in a public place, or jostled, bumped into etc, very common getting on and off buses, trains, in markets, etc, be aware it may be an attempt to steal from you, so where possible keep your dis‐ tance. And of course it’s not wise to put valuable items in handbags, back‐ packs, bum bags, etc. Generally, it’s better not to take difficult to replace original documents out with you if that can be avoided. Keep copies of all valuable documents, photos of watches, jew‐ ellery etc at home, so if you are a victim you will have them to assist police investigations. If you have a mobile I suggest downloading the ‘Alert Cops app’ so you can easily summon police

help or inform them in En‐ glish of crimes being com‐ mitted. John Carrington

Superiority Little men and their big ambi‐ tions Napoleon, Hitler and now Putin. Is it because they feel it nec‐ essary to impose themselves

upon others who are far supe‐ rior than they could ever be? Putin has made himself president of Russia for life and locks up any political opposi‐ tion, plus with his anti ‐west‐ ern stance ensures that there is no chance of peace in the world. VIVA UCRANIA ! Brian Johnston Benalmadena

OUR VIEW INEVITABLE BUT PREVENTABLE THE fire season appears to have arrived early in Spain, this year spurred on by very hot weather coupled with strong winds. Councils across the nation have been implementing procedures to try to stop the outbreak of forest and scrub fires, but much depends upon individuals being sensible and taking precautions themselves. Speculation about the cause of the recent fire in the Pujerra area of the Costa del Sol has been rife but as yet no firm statement has been given. There is no doubt that over the years fires have been started maliciously either out of spite or for some obscure financial reason and in the worst cases people have lost their properties and firefighters have died. Other reasons for fires include, use of barbecues in areas where they shouldn’t be, throwing away lit cigarette ends and even leaving behind glass bottles which act as magnifying glasses for the sun. However, the Euro Weekly News would like to advise everyone to be careful during the summer months and people should be extremely cautious. The work of the various emergency services is always exemplary, but with large areas of scrub and forests, they are inevitably fighting on the back foot once a fire starts and we all have an absolute responsibility to do what we can individually to ensure that we don’t act irresponsibly. Fire is dangerous and costly both to those who are directly affected whether by evacuation or loss of their homes as well as to the councils who fund the emergency services and ensure that their staff are not, wherever possible, endangered. Hopefully this year will be safer than 2021 and everyone will do their best to reduce the risks wherever they can.

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16 - 22 June 2022 Laura Kemp A NEWLY released study carried out by Dogs Trust has revealed that around eight in 10 owners said companionship for them‐ selves was a reason they got a dog. The research, which in‐ volved collecting data from a large number of respondents (8,050 cur‐ rent and 2,884 potential dog owners completed the survey), sought to explore owners’ motiva‐ tions for acquiring dogs. Other popular reasons to get a dog were to help a dog in need, which had been the motivation for half of current owners, and many current and potential owners wanted

Why a dog? a dog to encourage them to exercise, with nearly three quarters of poten‐ tial owners giving this as their reason. Katrina Holland and Rebecca Mead, re‐ searchers at Dogs Trust who led the study, said: “Despite the huge popu‐ larity of dogs in the UK, there is a lack of pub‐ lished evidence explor‐ ing exactly why people get dogs. As the UK’s leading canine charity, we wanted to address this gap and, while there are no big surprises from what we found, we’re re‐

ally glad to have some solid evidence about why people choose to bring a dog into their life.” Commonly mentioned dog qualities included their ‘loving’ and ‘loyal’ nature and some partici‐ pants distinguished dogs’ roles and qualities from those of other pets, in‐ cluding cats, highlighting

LIFESTYLE

the distinct kind of com‐ panionship they offer. People who had previ‐ ously owned a dog re‐ ferred to this experience as a motivating factor for getting a dog again, with prior ownership a re‐ ported influence for around three quarters of potential owners. For others, prior expe‐ riences of meeting dogs contributed to their deci‐ sion, with around a quar‐ ter of current owners saying this had influ‐ enced them. Credit: Dogs Trust

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A newly released study from Dogs Trust reveals the reasons people become dog owners.

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