A WHOLE LATTE LOVE
CALANOVA Cancer Care Association raised a whopping €1,000 for Macmillan Cancer Care with a coffee morning at the Secret Garden on Fri day September 30.
Guests enjoyed a sunny morning at the Secret Garden for a catch up with friends and to enjoy a cup of coffee and slice of cake, from a fabulous assortment baked and donated by volunteers for the charity.
An exciting feature also saw guests guessing the weight of a hedgehog cake, generously baked and donated by a local woman. Other fun activi ties on the day included a tombola with great prizes won by guests.
Organisers thanked the Secret Garden for their wonderful hospitality, Izzy Newman for provid ing top quality entertain ment and Calanova Can cer Care volunteers for
baking and donating cakes for sale at the cof fee morning. The total donation sum of €1,000 will be sent to Macmillan Cancer Care to continue their amazing work in the UK.
Calanova Cancer Care is also holding a half price sale at their charity shop opposite the Port of
Calanova from October 5. There are plenty of hid den gems and wonderful bargains to be had.
MALLORCA • EUROWEEKLYNEWS.COM FREE • GRATISIssue No. 1944 6 - 12 October 2022 THE BEST FINANCE NEWS ON PAGES 18 22
Photo credit: Calanova Cancer Care Association
CALANOVA VOLUNTEERS: Lisa, Jan, Marge, Teresa, Angela and Shelley show off a spread of home-made treats at the coffee morning.
Islands regeneration
TEN million euros have been allocated by the Balearic Islands’ govern ment to buy ‘lowcatego ry’ hotels and other estab lishments in Mallorca and Ibiza, as set out by Presi dent Armengol during her presentation on the first day of parliament’s gener al policy debate.
The establishments will be purchased and closed down by the government, as part of its plan to ‘re generate’ parts of the two islands according to a local news outlet.
Armengol expressed her recognition of the “overcrowding” that Mal lorca and Ibiza have suf
fered at certain points throughout the year. She put forward that, to re solve this issue, “the num ber of tourist accommo dation places can be reduced in volume with out affecting employment or social cohesion.”
She was referring to the Balearic tourism law’s freeze on new places.
She has described the government’s decision to purchase obsolete tourist businesses as an example which she hopes will be followed, and a “model that can simultaneously generate prosperity, em ployment and opportuni ties.”
State-of-the-art surgery
Betty Henderson JUANEDA Hospital announced that it had obtained a top specification new machine on Friday September 30.
The Sonosite PX ultrasound machine is set to be used by the hospital’s anaes thesiology for operations and pain con trol and treatment.
The stateoftheart piece of equip ment forms part of the private hospital’s objective of providing surgical excel lence. The ultrasound machine has greater precision than previous models so will increase surgeons’ accuracy when dealing with cases of postoperative and chronic pain. Ultrasound can allow doc tors to locate nerves more easily to tack le cases of pain.
The Head of Anesthesiology at Clínica Juaneda, Dr Edwin Rodríguez Luis, high lighted the increased precision of the
equipment with its high quality images and its versatility which is useful in a range of cases such as postoperative and chronic pain. Dr Rodríguez ex plained the machine will serve a variety of functions including in invasive, diag nostic and therapeutic procedure.
Tram funds
Annie Dabb
IN addition to the €185 million sought from Brussels, the Spanish President Pedro Sanchez has confirmed that the government will con tribute €20 million to fi nance work on the first section of the Palma tram.
This section of the tram is set to run be tween the centre of Pal ma to Son Sant Joan Air port. Work will commence in 2023.
Negotiations for the €185 million to come from EU Next Genera tion funds are ongoing.
EWN 6 - 12 October 20222 euroweeklynews.com NEWS
Dr Edwin Rodríguez with the new ultra sound machine at Juaneda Hospital.
Photo
credit: Juaneda Hospital
Celeb escape
SUPERMODEL Emily Rata jkowski was spotted taking a break from the spotlight in Sant Joan. The model soaked up the last few days of sum mer in the town she grew up in with her son, Sylvester. Emi ly took to Instagram to de clare her love for the island and share holiday snaps.
Splash the cash
LASTEST figures by the INE re vealed that tourists in the Balearics spent more per head than anywhere else in Spain this August. With an av erage daily spend of €182, tourists on the Balearics spent 12.3 per cent more than tourists elsewhere in Spain.
Cyber crime
A 48YEAR-OLD woman was arrested on Thursday September 29 for sharing inti mate photos without con sent. The woman is accused of publicising ‘sext’ messages between another woman and man without their per mission. National Police warned the public to be aware of new cyber crimes that could have serious conse quences.
Buzzing news
THE Ministry of Agriculture is launching a new four year project to recover Mallorca’s native Balearic bee popula tion. The project will use selec tive breeding of queen bees with favourable genetic quali ties to strengthen the native bee population which has been harmed by importation of nonnative bees and dis ease.
Temperature report
PALMA Met Office called the month ‘hotter than usual’, publishing its temperature re port for September. It report ed the average temperature as 24.3 degrees Celsius, 2.2 degrees higher than usual. The hottest temperature was a scorching 37 degrees Celsius on September 12, while the coolest was 6.3 degrees Cel sius on September 30.
AUSTRALIAN actress, Eliz abeth Debicki, looked the image of Princess Diana as she filmed new scenes for Netflix hit The Crown on set in Palma De Mallorca.
The filming of Season 6 of The Crown began in Mal lorca in the middle of September and scores of locals were recruited as ex tras.
The production of the ea gerly awaited series was halted in Barcelona earlier in September following the death of Her Majesty Queen Elizabeth II, but it has now restarted.
Filming on the island is expected to last until the middle of October with
Famous faces
many key scenes being shot locally.
The sixth and final chap ter of The Crown will con tinue to focus on the life and reign of Queen Eliza beth II and it will feature the same main cast as in season 5, along with a few new additions including Kate Middleton who will appear during her early ro mance with Prince William.
Netflix hasn’t confirmed the release date for The Crown season 6, but judg ing by previous seasons’ re lease dates, including sea son 5, it is predicted it will land on Netflix in Novem ber 2023.
THE Balearic Islands government an nounced tax relief measures to help resi dents suffering with cost of living in creases on Tuesday October 4. President, Francina Armengol, an nounced measures applying to various different sectors to provide assistance to all that need it.
The government announced a pack age of measures to reduce tax by a total of €40 million. Tax discounts will be ap plied to the selfemployed, nurseries, school resources, language learning pro grammes and for home renters.
Another measure introduced will in crease the owner exchange fee on luxu ry properties to 12 per cent on houses over €1 million and 13 per cent on hous
Tax relief package
es worth more than €2 million. These measures will fund tax relief amounting to more than €15 million. Conversely, the transfer fee on lower value proper ties for first time buyers will be reduced to 4 per cent.
The policy also includes relief mea sures for students from low income fam ilies.
Announcing the measures, Armengol distanced her Balearic Islands Socialist Party from the fiscally rightwing PP, highlighting the need for “socially fair taxation.”
Breast Cancer Awareness
A SUBJECT close to many people’s hearts, October is Breast Cancer Awareness Month. Founded in 1985, the international health community marks the month of October with campaigns, charity fundrais ers and educational events to raise global aware ness of breast cancer and seek a cure for the dis ease.
Raising awareness is particularly important postpandemic due to many people missing routine healthcare appointments.
Campaigns are organised throughout the month with the goal of improving early breast cancer de tection, such as educational initiatives encouraging regular checkups and breast examinations. Breast cancer groups also fundraise for their support pro grammes which include financial, emotional and practical support through treatment and afterwards for sufferers and their families, as well as raising money for research into the disease and for a cure. Organisations also raise awareness about breast cancer in men.
A variety of events are held throughout the month internationally including inperson and virtu al challenges, charity walks and runs, bake sales and talks with oncologists and survivors.
Christmas is coming
PALMA’S town hall has now announced the special day for their Christmas lights to be switched on at the Placa de la Reina.
The switching on of Palma’s Christmas lights ceremony will take place on Saturday, November 19, at 8.00pm and is the inaugural event of Christ mas festivities. Just the same as every year, residents in Palma can expect a blanket of Christ mas lights, covering all of the city centre from La Rambla to San Miguel, the Plaza Espana to Plaza Cort and not forgetting, the unmissable El Borne.
In terms of Christmas spirit, this year is set to exceed expec tations with even more streets laden with Christmas sparkle. Palma is certainly the place to go if you are hunting for that perfect present for your loved
ones. It’s beautiful to wander through the streets in the late afternoon when the Christmas lights are switched on and the streets are busy with shoppers.
Mallorcan scientists’ grant
A MALLORCAN scientist has received $1.8m from the US government to car ry out cancer research.
Lluis Morey, originally from Mallorca, directs a laboratory at the Sylvester Comprehensive Cancer Centre, linked to the Uni versity of Miami, and stud ies how to combat differ ent types of cancer using epigenetics.
The Mallorcan scientist has just received a grant of $1.8m (€1.82 million) from the US government to continue his research work on oral cancer.
The scientist is an assis tant professor of Human Genetics at the University of Miami Miller School of Medicine and a member of the cancer epigenetics programme at the Sylvester Comprehensive Cancer Centre.
This is not the first time his lab has received major funding injections. Specifi cally, his lab works on three main and independent lines of research, which, as Morey explains, have a common goal: “To con tribute to the improve ment of people’s health.”
Lluis and his team study molecular mechanisms that regulate the appear ance and development of breast and oral cancer.
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President Francina Armengol announced the measures on October 4.
Photo credit: Govern Illes Balears
Shopping voucher scheme
Betty Henderson
A COUNCIL initiative provid ing shopping vouchers for lo cal shops will get shoppers back on the high street this month.
Palma City Council an nounced the format of this year’s campaign on Tuesday October 4, saying that 312 lo cal businesses are participat ing, meaning the event is set to be the largest yet.
The council‐led campaign aims to stimulate the local economy by combatting the post‐summer season slump in sales and subsidising shop ping costs to locals. Residents over the age of 16 receive a maximum of eight vouchers for discounts of up to €20 on purchases over €35.
The 312 participating busi nesses are from diverse in dustries, such as health and beauty, mechanics, health
centres and retailers, mean ing there is something to ap peal to everyone.
Speaking on the initiative, local councillor for Economy and Employment, Jordi Vilà, highlighted the popularity and success rate of the cam paign, “92 per cent of busi nesses report economic stim ulation from the programme.”
This year’s campaign will run from Tuesday October 11 to November 20, so there is plenty of time to hit the shops.
Amber in Mallorca
AFTER starring in one of the biggest celebrity court cases in recent history, the American actress Amber Heard has not been spotted by the media in some months. However, she has reappeared in the Balearic islands, specifically, in Palma de Mallorca.
Heard had clearly preferred to shun the spotlight after los ing her defamation trial against the actor, and former lover, Johnny Depp. A news outlet published photos showing the film star out and about in the Mallorcan capital with her friends and family.
The star was sentenced to pay $8.3 million (€8.46m) in damages to Depp after the court ruling. She launched an ap peal against the verdict which is still pending review. One would imagine that there could be worse places to hang out than in Palma de Mallorca.
Historic school refurbished
A HISTORIC local school has been re furbished to serve new educational purposes. The Escola Vella dates back to the Spanish Civil War when it served Re publican ideals.
Announcing the completion of the project on Tuesday October 4, Marratxí local council de scribed the refur bishment as “a mile stone” in the town’s work on the Historic Memory Law.
The Escola Vella is a listed building built over 90 years ago by Republican groups, prior to the Spanish Civil War. It is no table for its distinc tive 1930s style and refurbishments were designed to maintain the original ‘spirit’ of the building.
Local authorities invested €320,000 on the renovations at the Escola Vella. Work included struc tural improvements to windows and doors, classroom re modelling and the in stallation of new ac cessible bathrooms.
The refurbished building will now be used for other youth leisure and educa tional purposes such as the headquarters of Club Utopía Joven youth club.
The council de scribed the Escola Vella as ‘reborn’, saying it is now suit able for modern times, but retains the essence of its original Republican values of equal ac cess to education.
EWN 6 - 12 October 20224 euroweeklynews.com NEWS
Discount programme aims to get Palma high streets buzzing.
Photo credit: Abinieks
/ Shutterstock.com
City space
THE directors of the UNED (National Distance Educa tion University), an institu tion for public research founded in 1972 in Balears, have unanimously put a pe tition to Palma’s town council to request that they dedicate a space in the city to the architect, designer and urbanplanner Jose Fer ragut Pou. The petition was made, according to the UN ED, “with the support of the architect’s family and of col laborators.” Additionally, it has been indicated that the initiative “has been added to by all of the people who wanted to send a letter of support to the UNEDILLes Balears Centre.”
Historian Judit Vega Ave laira, praised Jose Ferragut Pou saying “the various rea sons why what he’s done deserves this recognition.”
Consider that this “goes be yond his more than 2,000 projects and concerns his work ethic and profound love of these isles which he tried to care for and protect until his death.”
Artistic partnership
AN exciting new partnership has been announced be tween Hotel Artmadams and the Arts Society Mallor ca to bring art into the spot light. The owners of the icon ic Hotel Artmadams in Palma recently hosted a cocktail party to celebrate their sponsorship of the Arts Soci ety Mallorca and announced the move on October 4. The Arts Society Mallorca holds monthly cultural activi ties covering diverse art styles, from ancient art such as Tutankhamun’s tomb to modern art including Banksy. The Arts Society Chairman, Tim Robinson ex pressed delight at the new
partnership saying, “The So ciety attracts members from many nationalities who are interested in learning more about the Arts and want to form new friendships. We are thrilled to have the sup port of the Hotel Art madams.”
MALLORCA’S fabulous Cancer Support Group are continuing to offer a counselling service to those who need it, led by an incredible team of counsellors and therapists who have patients’ best interests at heart. There will also be further opportunities for training and counselling sessions for volunteers. Each Wednesday, the Cancer
The hotel is the ideal spon sor for the society, already boasting a magnificent mod ern art collection. Hotel own ers also celebrated the part nership “We are delighted to have the opportunity to help the Society in its interesting work,” said Jaime España. “
Conference in Calvia
CALVIA marked International Day of No Prostitution with a twoday conference to shed light on human trafficking and forced prostitution. The conference is to be held in Casal de Peguera today, Thursday October 6 and 7. The event consisted of talks on forced prostitution, such as the causes of it, ways to fight sexual exploitation and trafficking industries as well as considering the sex industry as a whole and its evolution in a digital age to online platforms.
Talks were given by a variety of industry experts includ ing Swedish author and journalist, Kajsa Ekis Ekman, inves tigative journalist, Ana Bernal Triviño, expert in gender equality, Laura Viñuela, and university professors Dr LLuis Ballester Brage and Dr Sandra Sedano Colom. Feminist or ganisations also participated such as Towanda Rebels.
Calvia’s day against forced prostitution events were at tended by local authorities including the local mayor, Al fonso Rodríguez Badal, and president of the government of the Balearic Islands, Francina Armengol as well as coun cillors, academics, and students.
October 5 is International Day of No Prostitution, an event which began in the USA in 2002.
Fabulous support
Support Group also run dropin centres in Son Llatzer (outside the Hospital de Dia), every Thurs day in Son Espases, and every other Friday in Manacor hospital. Appointments can be booked
through their website.
Art classes on Mondays and Knit ting classes on Wednesdays will al so be back on at their centre in Portals Nous. Cancer Support Group also have a Facebook page
which contains information on any upcoming activities and events.
From the words of a patient called Karen, “don’t be a Karen (yep that’s me).” There is no shame in reaching out if you feel like you need help. Cancer support groups can point you towards the right people for whatever you need.
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EXCITING NEWS: Iconic art-themed hotel in Palma forms partnership with local Arts Society Mallorca.
Photo credit: The Arts Society Mallorca
Eye ‘donation’
Betty Henderson
AN image of Spanish actor Javier Bardem’s eye is set to raise thousands for a sight‐saving charity.
A striking image is being auctioned as an digital non‐fungible token on September 29 for a charity that deals with treatable blindness in developing countries. Bids can be entered until Oc tober 6 and the money raised from the sale will fund the chari ty’s work and raise awareness about treatable blindness. The NGO Ojos del Mundo was founded in Barcelona in 2001 and has since restored the sight of thousands across the globe.
The charity has worked to restore 37,000 people’s sight in African countries including Mali, Mozambique and Algeria and in South American countries like Bolivia. Ojos del Mundo also trains staff on the ground, to continue its work in its absence. Javier Bardem is an internationally‐acclaimed actor, having starred in huge movies including as a Bond villain in Skyfall.
Speaking about the decision to sell the portrait, Bardem high lighted the value of our senses saying “Being able to see, to hear, to touch, to feel: these are things that we don’t really ap preciate until we lose them.”
Spain’s oldest man
ANTONIO ALVARADO
LARGO, officially Spain’s oldest man, has died in a nursing home in Vegaque mada, Leon, at the grand age of 110. He had been a resident of the home for several years.
Earlier this year, on Jan uary 18, Antonio officially gained the title of the old est man in Spain after the death of Saturnino de la Fuente, also from Leon, who passed away at the age of 112. Fuente was recognised as the oldest man in the world by the Guinness Book of World Records after Puerto Rican Emilio Flores died on Au
gust 12, 2021, at the same age.
Born on July 8, 1912, in the Leon town of Remolina, in the municipality of Cremenes, Antonio was
Science goes wrong
AN explosion caused by a scientific experiment going badly wrong in Girona’s Casa de Cultura building hospitalised five people and left at least another 12 injured on
Friday, September 30.
A total of two adults and three children were hospitalised suffering from injuries after the explosion.
Seventeen people were injured when a drum of liquid nitro gen exploded during a scientific outreach event, which mixed magic and science, de signed to bring science closer to children.
Video footage that was uploaded onto so cial media showed the exact moment that the massive explosion oc curred.
Multiple emergency services were immedi ately deployed to the location, including six fire crews from Girona, along with units from the Mossos d’Esquadra and ambu lances from the Emer gency Medical System (SEM).
Satisfaction guaranteed
Credit: Pixabaysabinevanerp
SPAIN has a satisfac tion level of 96 per cent among tourists to the country this summer, according to the latest Visitor Satisfaction Survey.
part of a large family, with 15 brothers. He was chris tened El Patriarca in the Leonese wrestling circles for his longevity and is now the patriarch of Spain.
Best in class
ALMOST half of Spaniards aged 25‐34 have a university degree or equivalent, beating the European average.
The figure has risen by more than eight points in a decade, to 48.7 per cent. The data was published in ‘Educa tion at a Glance: The Organisa tion for Economic Cooperation and Development (OECD) In dicators 2022’.
The report was presented by the Secretary of State for Education, Jose Manuel Bar, to the Spanish Government on Monday, October 3.
In total, 48.7 per cent of young people in the age group will have a higher education qualification in 2021, 8.4 points more than in 2011 and almost 15 points more than in 2000 (34 per cent). This figure is above the average for OECD countries (46.9 per cent) and for the 22 EU countries (45.9 per cent).
The country’s leisure facilities were its most highly rated aspect (94 per cent), followed by its in frastructure (92 per cent).
North Americans, Latin Americans, British and Irish tourists were the most satisfied and more than half (55 per cent) plan to re turn in the next 12 months, the Spanish government con firmed on Monday, October 3.
The Minister of In dustry, Trade and Tourism, Reyes Maroto, said: “Lis tening to the opinion of our international visitors is an essen tial exercise in order to continue improv ing.
“The high level of satisfaction shown by tourists who come to Spain is proof of the high lev el of professionalism and quality of our tourism sector, and should serve as a catalyst for us to continue improving tourism and pro gressing towards ex cellence.”
Spain receives a satisfaction level of 96 per cent from summer tourists.
EWN 6 - 12 October 2022 www.euroweeklynews.com NEWS6
OLDEST MAN: Has died in Spain at the grand age of 110.
New wealth tax
ON Thursday September 29, new measures were an nounced by the PSOE left‐wing coalition government to
tax wealth in excess of €3 mil lion.
The country’s Finance Min ister, María Jesús Montero,
Bank warning
MULTIPLE warnings from British expats in Spain suggest that Sabadell has allegedly put up its bank ing prices.
“After promising not to charge for using their bank if your pension in surance and savings are paid into your account, this is what Sabadell have decided to do to their loy al customers,” one of the Spanish bank’s British ex pats told Euro Weekly News.
Upon sharing a copy of a letter he received from the bank, Geoffrey S said: “Along with rising food prices and petrol costs,
Sabadell has decided to impart more costs on their customers.”
He added: “Unbeliev able. I have tried to dis cuss this with the bank but have been passed from pillar to post or ig nored.”
The letter shows that in order for the commission to be 0 euros, customers need to meet four re quirements, including having taken out three free or combined insur ance policies.
However, it appears that if customers do not meet these needs, then prices do in fact go up.
announced the measure as a “movement of solidarity” dur ing the economic crisis. The tax is a temporary measure to combat rocketing energy bills and inflation.
The tax will affect around 21,000 Spanish taxpayers. The measure will tax in incre ments, starting at 1.7 per cent for people with €3‐5 million, 2.1 per cent for those with €5‐10 million and 3.5 per cent for individuals with more than €10 million.
Income tax is also likely to rise from 26 to 27 per cent for those earning more than €200,000.
The agreed package of eco nomic measures will raise €3.1 billion during the next two years. Montero de scribed the measures as aim ing to make the economy “more progressive, efficient and fair.”
Opposing regional govern ments with devolved power are likely to introduce mea sures including tax relief.
EWN 6 - 12 October 2022 euroweeklynews.com NEWS8
Pedro Sánchez’s PSOE plans to fund social secu rity programmes through an increased wealth tax.
Photo credit: zixia / shutterstock.com
Ambassador summoned
ON September 28 the Spanish government sum moned the Iranian ambas sador in Madrid to con demn the state violence in the country against
demonstrators protesting the death of 22 yearold Mahsa Amini.
Mahsa Amini died on Friday September 16 in Tehran under suspicious circumstances after being arrested by ‘morality po lice’ for not covering her hair.
Protests that have fol lowed in the country have seen women uncover their
hair and cut off their hair to demand their right to body autonomy and free dom of expression. Up to 60 people have reportedly been killed during the crackdown on protestors.
The Spanish government also released a statement on September 27 in which it expressed ‘strong’ con demnation for the use of disproportionate force
against peaceful demon strators, particularly that against women calling it “repulsive.” The govern ment also referred to the death of Amini in its state ment saying the Iranian government must under take an “independent in vestigation and to assign responsibility in a trans parent, objective and com plete manner.”
Baltic connections
THE Spanish tourism in dustry will receive a boost as a Baltic airline (AirBaltic) has announced 18 new routes connect ing travellers from Latvia, Lithuania and Estonia with southern Europe. The airline published a new schedule for the 2023 season on Thursday September 29.
Three Spanish airports are included in the plans; Bilbao, Malaga and Pal ma de Mallorca with di rect flights from Vilnius in Lithuania and Riga in Latvia, with two weekly flights offered to each destination.
The airline’s President, Martin Gauss, highlight ed the purpose of the in crease in routes, saying
Spain is set to welcome more tourists from Baltic countries after more flight routes announced.
the company is “delight ed to be expanding exist ing leisure and city break routes.”
The addition of the three Spanish destina tions is likely to be popu lar, particularly as a new route to Palma de Mal lorca recently became a
top American airlines’ most popular destination after only a couple of months. Spain is a top choice destination for travellers from the north of Europe seeking warmer weather and dis tinct cultural opportuni ties.
EWN 6 - 12 October 2022 euroweeklynews.com NEWS10
Photo credit: Michele Ursi / shutterstock.com
Iranian demonstrators have been met with violence for protesting the death of Mahsa Amini.
Photo
credit:
vanchai tan
/
shutterstock.com
Movie star Terry Stone
WITH not one but two films premiering at this year’s Marbella Interna tional Film Festival, the Euro Weekly News sat down to talk to actor and producer Terry Stone.
Stone, whose life’s sto ry takes in music, movies and some seriously sharp business moves, explained his road to success was not an obvious one, leaving school with no qualifica tions to start out in a fast food chain. As the actor joked to the EWN, “Ronald McDonald gave me my start in life.”
He quickly wanted more however, moving into sales with a lucrative income until the recession hit in the 80s, which he said left him with nothing. “For a year it felt like the world had ended,” said Stone.
Still in his 20s, Terry was de termined to enjoy life howev er and found himself joining the rave scene. At a time when a night out traditionally meant, “a club with a sticky carpet, some bad music and then a kebab,” Terry said he found the music and culture of the emerging rave move ment a breath of fresh air.
He explained: “There were no fights, everyone was friendly and there was a great vibe.”
Getting involved, first as a leaflet tout and then as a pro moter and organiser, Stone turned raves into a multimil lion pound business, founding the brand One Nation and lat er Rave Nation and Garage Nation.
Now wellknown in the UK for his raves, Terry said was tiring of the nonstop hours and increasingly different vibe when he met his now wife, who said that at nearly 30 it was time to get out.
Having sold the business, Terry was now in a position to do what he wanted and em barked on a career in acting, finding himself an agent and acting classes. Within his first year he had two appearances in EastEnders as well as sever al other mainstream TV gigs under his belt.
Realising he had only made
€8,000 in that year howev er, Terry turned his busi ness mind to the problem and after a friend pointed out he’d spent years suc cessfully attracting in vestors and promoting One Nation, Terry re alised he could make his own movies.
Starting with One Man and His Dog, which he says, “was like going to film school,” Terry con tinued creating his own work until one day he was reading the book Rise of the Footsoldier, and realised it would make a great film.
Buying the rights, Terry launched the hugely success ful Rise of the Footsoldier franchise which has now spread to five films. This en during series has starred Vin ny Jones, Craig Fairbrass, and of course Terry himself.
Speaking about his life now, Terry said: “I still get offered plenty of roles but I like having control over what I choose to work on or not.
“I get the best of both worlds really now and there is plenty more coming in 2023, so stay tuned.”
The star is continuing to cre ate his own films as well as ex ploring his musical roots with two films at this year’s Mar bella International Film Festi val.
The Last Heist will premiere at Red Dog Cinemas in Puerto Banus on Friday, October 7, while 25 Years of Garage pre
mieres at the same venue on Saturday, October 8. For tickets, visit www.eventbrite.co.uk
EXCLUSIVE INTERVIEW
Credit: Terry Stone
TERRY STONE: The actor created the successful Rise of the Footsoldier franchise.
TONY TUCKER: Stone as his memorable Rise of a Footsoldier character.
Credit: Terry Stone
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Giving life to death festival
THE third edition of the Giving Life to Death Festival will take place from October 29 to November 2, with a main objective to honour death, and break taboos that exist in our society around the subject. The main festival programme is
virtual and amongst the 21 events, four are in English.
Monday October 31, is the ‘free’ day and you are encouraged to or ganise your own in person events. Do you have something to add to the party? You can organise your
THE cathedral in Palma has ongoing events and in October you can enjoy two: Renais sance, Poetry and Faith and a Cultural visitProtagonists and tombs.
October 18 at 7pm, on the occasion of the celebration of the Costa i Llobera year, for the centenary of the death of Miquel Costa i Llobera, the cathedral will host the ‘Renais sance, Poetry and Faith’ exhibition at the Sa cred Art Museum of Mallorca, a oneminute walk from the cathedral.
A UNIQUE festival is returning to Mallorca at the end of October. Mallorca Smooth Jazz fes tival will take place in Sa Como between Octo ber 31 and November 6 and see smooth jazz fans from all over descend on the island for the Mediterranean’s only smooth jazz festival.
The event is set to be held at the prestigious fivestar hotel, Protur Biomar Sensatori Resort, which will have all of its luxury facilities avail able for fans visiting for the festival. Located
own event, visit : www.dandovi daalamuerte.org/participar
The event remains open to par ticipation free of charge, you can buy an all access ticket, and get per manent access to the recordings.
The Association “Giving Life to
Death” is a nonprofit group that seeks to promote conversation about death and the endoflife process in a natural way.
For more information contact: Glynis German, 666 987 430 or dandovidaalamuerte@gmail.com
Palma cathedral in October
October 26 10.00am 11.30am, Cultural visit Protagonists and tombs. During this visit you will discover why there are people buried in La Seu, (the name many Mallorquins call the cathedral) when the great funerary mon uments began to be built and who were the promoters of these graves.
The start time is at 10.00am in Catalan and
at 11.30am in Spanish. The duration of the visit is 75 minutes and the meeting point is the Portal del Mirador.
October: Monday to Friday 10am to 5.15pm; Saturdays 10am to 2.15pm.
Info and reservations: https://catedralde mallorca.entradasdemuseos.com/
Tel: 971 713 133
For all lovers of smooth jazz
just 300 metres away from the beach and a National Park, and fully equipped with relaxing spa facilities, organisers are aiming to create a peaceful environment for lovers of smooth jazz.
This year’s festival is set to feature some big names in the smooth jazz genre including French guitarist Marc Antoine, acclaimed
American jazz guitarist Norman Brown, saxo phonist Phil Denny and British band, ‘Down to the Bone’. The festival will also see local talent take to the stage including duo Norbert Fimpel and Tolo Servera.
Tickets are already available online from the festival website at: http://mallorca.smoothjaz zfestival.de/reservation/?lang=en
Mallorca rocks again
Betty Henderson
A ROCK festival will return to Mallorca this October after being cancelled for two years due to pandemic restrictions.
Atomic Garden will be held during the last weekend of October in Palma de Mallorca on October 29. The festival has an exciting lineup to thrill any rock fan, including lots of fusion styles, blending rock with other musical genres. Organis ers aim to include a wide variety of rock styles so fans can experiment further with their tastes.
This year’s festival will be headlined by Madridbased punk rock band ‘Biznaga’, which takes inspiration from British rock bands such as ‘The Clash’ and ‘The Buz zcocks’. Also headlining the festival will be Barcelona band ‘Serpent’. Formed in 2016, the band also has a punk rock style with lots of emotion in their songs.
Also confirmed on this year’s lineup are local bands ‘The Distance’, with a distinc tive ‘scream’ rock style, ‘NITA’, which combines pop and rock styles and ‘La Rage’ punk rock band.
The festival is open to all, but under 17s must be accompanied by an adult. Tick ets are now available for purchase online from: https://megaentradas.com/even to/atomicfestival
EWN 6 - 12 October 2022 euroweeklynews.com SOCIAL SCENE12
Classic Week returns
MALLORCA CLASSIC WEEK
returns this October to a new location, Son Vida Golf Club.
The esteemed classic car event will be held from Octo ber 12 to 16 with a busy schedule of events and activi ties for classic car enthusiasts and guests who want to soak up the retro atmosphere.
This year sees Mallorca Clas sic event move from Port Adri ano to Son Vida Golf Club. Es tablished in 1964, the golf club exudes glamour with a chic at mosphere fitting of an exclu sive event like Mallorca Classic Week.
Participants can register and pay their entry fee on line. Guests are welcome to spectate events and view luxury classic cars for €10 which goes to local charity,
Mallorca Sens Fam.
At the island’s most presti gious car event, classic car owners gather for car contests, rounds of golf, memorial drives and dinners. This year events will kick off with a wel come barbecue on Wednes day October 12. Traditional events like the ‘Russel Stevens Memorial Drive’ and classical car competitions will remain integral to Mallorca Classic Week as it moves location, with new additions like a golf tournament on Friday October 14. Events will close with a prizegiving ceremony on Sun day October 16.
Those interested in attend ing can view the complete pro gramme online at: http://www.mallorcaclassic week.com/
One of the most exciting
AN international film fes tival is set to take Mallor ca by storm at the end of October. Evolution Film Festival is back for its 11th edition from Octo ber 26 to November 1.
Evolution Film Festival is a relatively new festival on the circuit but has rapidly received critical acclaim, being described by the Guardian as “One of Europe’s 10 Most Excit ing Film Festivals.”
A unique blend of prizes are available at the festival which attracts a mixture of indie filmmak ers and longtime indus try professionals.
The festival runs for six days and five nights showcasing ‘a culturally diverse, inclusive, and provocative mix’. The fes tival will show feature films, short films, films for children, experimental
films and documentaries as well as music videos and Virtual Reality pro jects designed to inspire audiences. Activities will include galas and awards ceremonies, talks with di rectors and actors, a drivein cinema, a 48hour film competition, and of course, an exclu sive after party.
Festival organisers say this year’s event will “stay true to the event’s mission, bridging cultures and bridging people via international film to shape a creative commu nity for independent film makers to network, be in spired, and thrive in this exciting Mediterranean island paradise.”
All tickets go on sale on the festival website short ly: https://www.evolu tionfilmfestival.com/tick ets2022
Felanitx celebrates pepper
A REGIONAL cultural heritage event is set to take place once again at the end of October. The Fira del Pebre Bord will be celebrated in the town of Felanitx on Sunday October 23, as residents gather in honour of the town’s characteristic black pepper.
The Red Pepper festival is the last in the series of regional fairs of the year, before weather gets cooler. It takes place in the inland, mountainous town of Felanitx. The festival will be held at the Parc Municipal de Sa Torre and Plaça de Sa Font de Santa Margalida.
The festival traditionally marked the beginning of the winter season and the harvest, when locals would slaughter animals and use pepper spices to cook the meat as ‘sobrassada’ sausages. The festival celebrates the use of the distinctive black pepper to give the sobrassada its signature taste.
Special cultural activities take place throughout the oneday fes tival including a parade of the region’s distinctive giant puppets, gegants, live music and family fun activities. The festival also has a food focus and traditional tapas and local produce are on display throughout the day for visitors to sample.
More information will be released by Felanitx Council shortly.
Autumn Kitchens
CALVIA’S Autumn Kitchens schedule is now in full swing with 45 different restau rants participating across the different villages throughout Calvia offering you the opportunity to dine out for reduced prices every Friday in Octo ber.
Each restaurant will offer a complete menu at reduced prices, be tween €14 and €18.
The menus on offer will be lunch, evening or both, whilst some also offer a children’s menu, a glutenfree menu and a vegetarian friendly menu.
Many of the partici pating restaurants are
also offering the possi bility of ‘Take Away’ food, so that diners can enjoy delicious food in the comfort of their own home, or as they catch the last of the pleasant summer evenings.
To celebrate 10 years of this dining ex perience, 15 vouchers of €100 each will be drawn, and each per son who goes to eat at la Mostra, and fills in a brief satisfaction ques tionnaire (accessible through a QR code), will be in with a chance to win the prizes.
The winners will be revealed on Friday November 4.
EWN6 - 12 October 2022 13SOCIAL SCENE euroweeklynews.com
ESTEEMED EVENT: Classic car lovers will have plenty to admire at Mallorca’s prestigious car event.
Photo credit: SveltlanaSF shutterstock.com
Charity Pop Art
INTERNATIONALLY successful popartist, Niko Nikolaidis is coming to Mallorca to present his energetic paintings and take his guests into another world in a live performance.
Niko Nikolaidis is 31 years old, of Greek descent, born in Germany. He is described as a revolutionary person, rebel, wild, and nonconformist!
He has displayed his cre ations in big cities such as Chongqing, Beijing, Kunming and Barcelona, with his ener getic works already on show in popular galleries and mu seums in Miami and New York.
You can experience this amazing performance at the following venues:
Golf Son Muntaner, October 10, starts 7pm. The ticket price of €35 includes canapés, soft drinks, beer, cava and house wine.
Reservations must be made directly to carmen.laguna@ arabellagolf.com
Carrer Miquel Lladó, s/n, 07013 Palma
Sheraton Mallorca, October 14, Arabella Golf Hotel, ticket
price is €60 and includes a bar becue buffet, soft drinks, beer, cava and house wine.
Reservations must be made directly to willemien.laken man@sheraton.com
Carrer De La Vinagrella Ur banization, 07013 Son Vida
With all income and dona tions from both events going to the charity organisations ‘Asociación Asperger de Baleares’ and ‘Courageous Children’.
Llevant Natural Park
THE Llevant Natural Park and the nature reserves of Cap de Ferrutx and Cap des Freu are in the northeast of the island of Mallorca, at the northern end of the Llevant moun tain range. Thanks to var ious protection rights granted, the area forms part of the Balearic Is lands’ contribution to the European Union’s Natu ra 2000 Network.
The current appear ance of this land is the re sult of centuries of hu man interaction with nature with extensive olive, almond, fig and carob groves. The vast environmental diversity, with coastal cliffs, caves and chasms, springs and streams, forests and scrubland, gives this Nat ural Park an immense landscape value.
The area is a refuge for many species endemic to the Balearics. The area’s endemic animals include the snail species Iberellus balearicus, the cavedwelling false scorpi on, and the Balearic war bler. The booted eagle, the peregrine falcon and the rare Egyptian vulture are just some of the birds to be found here.
Contact 606 096 830 or visit parcnaturaldelle vant.blogspot.com.
EWN 6 - 12 October 2022 euroweeklynews.com SOCIAL SCENE14
POP-ARTIST: Niko Nikolaidis presents energetic paintings.
Photo
credit: NIKO NIKOLAIDIS via Facebook
PRESSEUROPEAN
DENMARK
Drone power
RUDOLPH may soon be out of a job as the Danish Post Office is currently testing the delivery of small parcels by fixed wing drones which can travel at more than 100 kmh and if successful, they may be scaled up to allow for the delivery of much heavier parcels.
THE NETHERLANDS
Menthol cigarettes
THE May 2020 European Union ban on the sale of menthol cigarettes saw many menthol smokers in Holland giving up according to research undertaken by scientific journal Tobacco Control, which involved 1,300 Dutch smokers. Those with a craving for menthol can however still purchase them in Gibraltar.
BELGIUM
Winter Wonders
DESPITE the fact that Covid figures are starting to increase, Brussels is already looking forward to its 21st Winter Wonders festivities which will run from November 25 to January 1 to include the light show, cultural activities and ice rink as well as markets.
GERMANY
Difficult future
AS German politicians make it clear that they are in favour of offering asylum to Russians who want to escape being called up to Putin’s reserve armies, the large number of Ukrainians who have already found refuge in that country are worried about their future safety.
FRANCE
Bullfighting
WITH the main focus being on stopping bullfighting in Spain, not many people realise that there are a number of regular bullfights across much of France which are supported financially by the French government. Now one MP is tabling a bill to see the practice abolished.
NORWAY
Crab is King
ONE benefit of the rising prices in shops is that Norway’s King Crab fisherman have not only seen demand rise but also the income they obtain from netting this popular delicacy and by the end of September they had earned more than they did during 2021.
FINLAND
Chinese cards
SAVVY Russians who have been unable to use their MasterCard and Visa credit cards due to sanctions have discovered that if they possess a Chinese card UnionPay, they can pop across the border with Finland and use it to download money from cash machines there.
IRELAND
United Ireland
NOW that the 2021 census figures have revealed that for the first time since partition, Catholics outnumber Protestants in Northern Ireland, Sinn Féin leader Mary Lou McDonald has called for a poll to give Ulster residents the chance to decide on the possibility of a unified island.
ITALY
AstroSam
ITALIAN astronaut Samantha Cristoforetti known by the nickname AstroSam has become the first European woman to command the International Space Station (ISS) with effect from September 28, the European Space Agency (ESA) announced as she assumed control in a televised ceremony beamed back to Earth.
PORTUGAL
Moroccan deal
WITH a continued shortage of labour especially in the agricultural sector, the Portuguese and Moroccan governments have launched a pilot project whereby 400 Moroccans will be granted admission to Portugal to work, after receiving necessary training and will be given help to learn the language.
UKRAINE
Water tax
A DRAFT bill going through Lithuania’s Parliament to slap a 1c tax on water which would have raised €4,000 a day to assist the reconstruction of the Ukraine has been dropped as it was decided that it would be too complicated to implement.
SWEDEN
Sabotage
SWEDISH Foreign Minister Ann Linde has announced that three leaks on the Nord Stream and Nord Stream 2 gas pipelines were due to explosions and whilst police have been instructed to investigate, the Swedish government has not ruled out the possibility of sabotage by persons as yet unknown.
EWN 6 - 12 October 2022 euroweeklynews.com EUROPEAN PRESS16
BUSINESS EXTRA The Break FINANCE
Tax cuts
IN a statement made on Thursday September 29, the Spanish Minister of Finance Maria Jesus Montero confirmed that from next year, the government will reduce income tax for those earning up to €21,000 per year which should benefit some 50 per cent of all those employed and there will be changes for the self‐employed.
Food banks
AS food prices continue to rise, more Spanish families are finding it difficult to afford to feed themselves and are turning to food banks for assistance but in a ‘Catch 22’ situation, there are less donations although the Spanish Agricultural Guarantee Fund has committed to supply 50.7 million kilos of food.
EV problem
A STUDY by researchers at Stanford University in the USA has come to the conclusion that with the expected growth of sale of electric vehicles over the next decade, there will be a problem with a huge surge in demand as owners recharge at night once home, possibly overloading the grids.
VAT reduction
BOWING to a long‐standing wish by Podemos, the Spanish Minister of Labour, Yolanda Díaz announced on her Twitter account that the next budget will include a decision to reduce VAT on feminine hygiene products from 10 per cent to 4 per cent (known as the ‘pink rate’).
Windfall tax
THE European Union has agreed in principle to allow members to introduce short term emergency measures to charge energy firms on their record profits. The plan is to raise funds from taxation to allow countries to increase their support for those most affected by the cost‐of‐living increases and to reduce energy consumption.
King Charles III coin
THE first of the new King Charles III coins have been revealed by the Royal Mint, which will start to enter circulation from December this year.
Announced on Friday September 30, the Royal Mint said that the first to bear the new King’s like ness will be a new 50p coin.
In keeping with tradi tion, the image will show the King looking to the left and in the opposite direction to those bear ing an image of Queen Elizabeth II.
The reverse of the coin features a design that originally appeared on the 1953 Coronation Crown and includes the four quarters of the Roy al Arms depicted within a shield. It depicts the four nations with a rose, a
thistle, a shamrock and a leek.
A commemorative £5 coin is also to be released which features two new portraits of the late Queen on the reverse side, a younger and an older picture.
According to Nicola Howell, Chief Commer cial Officer at the Royal
Mint, King Charles worked closely with the sculptor Martin Jennings to design the new coins. He is also said to have personally approved the designs and the effigy.
Inscribed with the Latin: “CHARLES III: D: G: REX: F: D: 5 POUNDS: 2022” this translates to: “King Charles III, by the
Grace of God, Defender of the Faith.”
Ms Howell said: “We expect customers will start to be able to receive the commemorative range from October and then we expect the 50p memorial circulating coin to be appearing in peo ple’s change probably from December.”
THE Ministry of Industry, Com merce and Tourism, through the Foundation of the School of Indus trial Organisation (EOI) and the col laboration of Impact Hub Madrid, has launched a programme to at tract Female Entrepreneurship in Spain.
The objectives of ‘The Break’ are to contribute to reducing the gen der gap in entrepreneurship, learn ing and improving the projects of the participating women en trepreneurs and the creation of a European network of women en trepreneurs known as the breaker community, to create business and opportunities.
After sharing experiences in their innovation projects, the en trepreneurs will develop them in 12 local communities and the pro gramme, financed by Next Gener ation EU funds, is part of the Gov ernment’s Recovery and Resilience Plan with a budget of €10 million.
Inflation fall
SPAIN’S Consumer Price Index for September is currently at 9 per cent according to an initial forecast released on Thursday September 29 by the National Institute of Statistics (INE). This compares to the final August figure of 10.5 per cent and whilst still high is heading in the right direction.
ON October 1, crucial changes to the UK’s Right to Work legislation became law and this could have a major impact on the already diffi cult process of employing new staff.
According to government‐certi fied digital identity provider Xydus many businesses don’t appreciate the requirements of the new law and could find themselves in consid erable difficulty.
Prior to the pandemic, the majori ty of Right to Work checks were conducted in person as required un der Home Office rules and prospec tive employees showed documents providing evidence of their right to work to employers who stored a copy.
During the pandemic, temporary adjustments were made to these requirements in order for remote work to be facilitated, and help businesses continue to hire in lock down.
For the first time ever, in‐person checks were permitted to be carried
out over video calls, and job appli cants were able to send a photo of their documents to employers via email.
Now all UK businesses must use government certified Identity Ser vice Providers (IDSPs) to complete digital Right to Work checks.
Digital checks require the submis sion of images of personal docu ments using certified ID validation technology to verify the employees
right to work. Any other method is non‐compliant.
Failing to comply can result in a civil penalty of up to £20,000 per non‐compliant check with those found guilty losing the ability to sponsor work visa applications for foreign nationals and even criminal convictions in serious cases.
In addition, records need to be kept for up to two years after an employee leaves the business.
The reduction is mainly due to the fall in electricity prices, which rose in September 2021 whilst the fall in fuel prices, compared with the rise in the previous year, and the fall in transport also played a role, albeit to a lesser extent.
The annual rate of the leading indicator of core inflation de creased by two 10ths of a percent age point to 6.2 per cent.
A STUDY commissioned by lin gerie brand Pour Moi, showed most UK men admit they don’t have a clue when it comes to buy ing new underwear for their part ner.
The lingerie brand conducted the survey after analysing sales and search data that revealed a trend in the rise of men purchas ing underwear for their partners which has been on the up for the last five consecutive years.
euroweeklynews.com • 6 - 12 October 202218 STAT OF WEEK
COMMEMORATIVE: The new Royal effigy.
FURTHER CHECKS: Job interview is no longer enough.
Credit: The Royal Mint
FINANCE to read more FINANCE scan this QR Code
UK employment law Credit: Christina@wocintechchat.com/Unsplash is the record amount of Spanish debt that existed at the end of the second quarter of 2022 according to a Bank of Spain statement on September 30.€1.47 trillion Clueless men
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Abrdn 135,73 138,48 135,38 238,05K
Admiral Group 1.883,0 1.901,7 1.876,8 6,27K
Anglo American 2.704,5 2.723,5 2.657,0 29,62K
Antofagasta 1.104,00 1.108,00 1.091,50 11,82K
Ashtead Group 3.976,0 4.063,0 3.963,0 92,14K
Associated British Foods 1.238,2 1.261,8 1.237,3 16,00K
AstraZeneca 9.720,0 9.824,0 9.673,1 29,78K
Auto Trader Group Plc 509,60 516,20 503,80 41,48K
Aveva 3.136,0 3.140,0 3.128,0 7,15K
Aviva 384,60 391,40 380,56 537,40K
B&M European Value Retail SA311,10 316,27 304,30 123,44K
BAE Systems 783,55 793,60 779,13 233,89K
Barclays 142,02 144,50 141,34 2,75M
Barratt Developments 351,00 352,80 338,11 465,58K
Berkeley 3.351,0 3.374,0 3.252,0 84,37K
BHP Group Ltd 2.236,00 2.249,93 2.223,50 27,76K
BP 441,00 443,75 432,13 890,72K
British American Tobacco 3.221,5 3.231,4 3.153,0 66,45K
British Land Company 351,40 354,90 345,59 44,46K
BT Group 122,00 123,45 120,67 663,93K
Bunzl 2.739,0 2.748,0 2.721,0 96,80K
Burberry Group 1.793,0 1.810,0 1.773,0 157,71K
Carnival 532,6 558,5 531,9 320,20K
Centrica 70,74 71,89 69,60 791,65K
Coca Cola HBC AG 1.837,1 1.864,7 1.823,0 31,70K
Compass 1.768,50 1.788,00 1.765,00 349,78K
CRH 2.880,0 2.884,0 2.855,0 2,18K
Croda Intl 6.325,0 6.436,0 6.316,0 11,46K
DCC 4.673,0 4.675,0 4.619,0 36,70K
Diageo 3.703,4 3.766,0 3.695,0 46,27K
DS Smith 254,73 257,61 251,46 230,96K
EasyJet 282,10 288,80 280,70 524,44K
Experian 2.584,6 2.635,7 2.572,0 12,24K
Ferguson 9.182,0 9.342,0 9.170,0 1,30K
Flutter Entertainment 9.821,5 9.884,0 9.688,0 2,35K
Fresnillo 765,00 773,22 753,32 18,77K
Glencore 477,44 480,39 469,19 739,77K
GSK plc 1.301,00 1.304,15 1.286,20 112,39K
Halma 1.978,5 2.042,0 1.978,1 23,12K
Hargreaves Lansdown 834,60 879,40 833,60 287,80K
Hikma Pharma 1.343,00 1.360,00 1.330,00 96,68K
HSBC 454,96 462,25 454,75 278,86K
IAG 91,54 95,68 91,52 2,57M
Imperial Brands 1.836,56 1.850,00 1.831,79 45,09K
Informa 508,60 516,40 506,40 150,55K
InterContinental
Intermediate Capital 975,80 998,40 964,20 313,53K
Intertek 3.591,0 3.694,4 3.591,0 2,07K
ITV 57,00 58,18 56,09 394,45K
J Sainsbury 173,90 175,55 171,40 359,16K
Johnson Matthey 1.846,5 1.854,0 1.807,5 4,54K
Land Securities 521,60 524,40 513,40 16,15K
Legal & General 212,00 218,20 211,44 1,86M
Lloyds Banking 40,63 42,20 40,59 21,15M
London Stock Exchange 7.548,0 7.560,0 7.464,0 4,51K
Melrose Industries 98,33 101,27 98,30 257,83K
Mondi 1.377,05 1.395,50 1.367,50 132,78K
National Grid 925,60 933,80 916,40 159,38K
NatWest Group 221,03 225,90 220,93 425,33K
Next 4.708,4 4.810,0 4.648,0 86,58K
Norilskiy Nikel ADR 9,10 9,10 9,10 0
Ocado 455,40 474,35 455,00 49,81K
Persimmon 1.260,0 1.269,5 1.221,5 78,16K
Phoenix 516,00 526,80 514,30 156,88K
Prudential 864,20 884,40 859,80 71,15K
Reckitt Benckiser 5.930,0 5.946,8 5.884,0 36,73K
Relx 2.160,34 2.192,00 2.159,00 34,26K
Rentokil 465,61 473,30 465,60 24,04K
Rightmove 465,12 480,80 465,12 34,07K
Rio Tinto PLC 4.830,0 4.882,3 4.787,5 24,16K
Rolls-Royce Holdings 68,21 70,01 67,98 1,95M
Rosneft DRC 0,20 0,20 0,20 0
Sage 683,00 694,00 682,00 10,34K
Samsung Electronics DRC 903,00 913,20 903,00 2,38K
Schroders 386,0 389,2 382,0 341,53K
Scottish Mortgage 749,19 765,97 745,26 539,18K
Segro 747,40 759,40 737,36 151,53K
Severn Trent 2.321,0 2.365,0 2.295,8 12,49K
Shell 2.273,5 2.289,9 2.247,5 133,81K Smith & Nephew 1.024,32 1.054,95 1.020,72 44,71K
Smiths Group 1.479,00 1.499,50 1.475,00 69,91K
Spirax-Sarco Engineering 10.070,0 10.255,0 10.005,0 0,48K SSE 1.565,00 1.574,50 1.516,50 80,16K
St. James’s Place 995,30 1.023,50 994,80 18,25K
Standard Chartered 552,20 559,60 549,70 228,07K Taylor Wimpey 89,56 90,52 86,76 1,81M
Tesco 204,40 206,30 201,70 783,28K
Tui 102,65 107,65 101,91 576,73K
Unilever 3.904,0 3.924,5 3.893,3 42,41K United Utilities 869,98 888,60 860,00 83,13K
Vodafone Group PLC 100,24 100,92 99,64 2,12M Whitbread 2.259,6 2.298,0 2.248,0 83,27K
WPP 728,87 742,60 727,40 58,74K
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3M 110,50 113,15 3,10M
American Express 134,91 138,67 134,62 3,71M
Amgen 225,40 230,00 225,17 2,54M
Apple 138,20 143,10 138,00 123,56M
Boeing 121,08 125,47 120,99 8,28M
Caterpillar 164,08 167,78 163,89 2,95M
Chevron 143,67 145,13 142,49 9,38M
Cisco 40,00 41,04 39,96 27,88M
Coca-Cola 56,02 57,13 56,00 15,89M
Dow 43,93 44,84 43,80 5,72M
Goldman Sachs 293,05 301,09 292,70 1,93M
Home Depot 275,94 281,79 274,76 4,77M
Honeywell 166,97 171,20 166,63 3,76M
IBM 118,81 122,43 118,61 5,33M
Intel 25,77 26,57 25,74 43,37M
J&J 163,36 165,74 163,32 8,96M
JPMorgan 104,50 107,62 104,40 15,86M
McDonald’s 230,74 234,83 230,58 3,61M
Merck&Co 86,12 87,62 86,10 9,01M
Microsoft 232,90 240,54 232,73 35,48M
Nike 83,12 86,20 82,50 47,92M
Procter&Gamble 126,25 129,04 126,21 9,39M
Salesforce Inc 143,84 148,63 143,75 7,54M
The Travelers 153,20 156,45 152,94 1,40M
UnitedHealth 505,04 516,55 504,84 3,10M
Verizon 37,97 38,79 37,95 23,40M
Visa A 177,65 182,92 177,60 9,44M
Walgreens Boots 31,40 31,79 31,34 7,99M
Walmart 129,70 132,36 129,70 6,48M
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C C OMPANY OMPANY P P RICE RICE((P P)) C C HANGE((P P)) % C% C HG N N ET ET V V OL
C LOSING P RICES O CTOBER 3
4.286,6 4.347,6 4.260,0 2,06K º º C C OMPANY OMPANY P P RICE RICE((P P)) C C HANGE HANGE((P P)) % C% C HG HG . N N ET ET V V OL OL COMPANY CHANGE NET / % VOLUME US dollar (USD) ........................................0.9814 Japan yen (JPY) 142.31 Switzerland franc (CHF) 0.9687 Denmark kroner (DKK) 7.4359 Norway kroner (NOK) 10.640 MAKE THE MOST OF YOUR MONEY WITH US See our advert on previous page 0.87565 1.14225 LONDON - FTSE 100 C LOSING P RICES O CTOBER 3 Units per € COMPANY PRICE CHANGE OLUME(M) NASDAQ C LOSING P RICES O CTOBER 3 M - MILLION DOLLARS THE ABOVE TABLE USES THE CURRENT INTERBANK EXCHANGE RATES, WHICH AREN T REPRESENTATIVE OF THE RATE WE OFFER currenciesdirect.com/mallorca • Tel: +34 687 906 226 EWN 6 - 12 October 2022 euroweeklynews.com FINANCE, BUSINESS & LEGAL20
Currency outlook: Euro rocked by energy price volatility, US dollar storms to new multi-year highs
Euro EUR/GBP: Up from £0.84 to £0.87
EUR/USD: Down from $0.99 to $0.98
The euro traded in a wide range over the past month, with the single currency initially coming under pressure at the end of August following a sharp surge in European energy prices.
EUR exchange rates then rebounded at the start of September. Supported by the EU’s promise to intervene in energy markets and rein in prices, in additional to a stronger-than-expect ed Eurozone inflation print as it bolstered expec tations for a 75bps rate hike from the European Central Bank (ECB)
While the ECB delivered a 75bps increase as hoped, this was overshadowed by the bank’s bleak forecasts and concerns over the indefinite closure of the Nord Stream 1 gas pipeline.
EUR exchange rates then then recouped some ground following reports of Ukraine’s suc cessful counteroffensive against Russian forces.
However, the euro then faced another set back after Vladimir Putin announced a ‘partial mobilisation’ of Russian forces. EUR investors fear this could prolong the conflict in Ukraine and place even more pressure on the Eurozone economy.
Looking ahead, the immediate focus for EUR investors will be the Eurozone’s next inflation re lease as another record jump in prices is likely to increase the chances of another 75bps hike from the ECB.
Pound GBP/EUR: Down from €1.18 to €1.14
GBP/USD: Down from $1.18 to $1.13
The pound found itself on the defensive through much of the past month amid an in creasingly gloomy outlook for the UK economy.
GBP investors were spooked by reports sug gesting domestic inflation could climb as high as 22% in 2023 and warnings that the UK is already in recession.
Sterling then found some brief respite after Liz Truss was confirmed as the UK’s new Prime Minister and promptly announced a plan to freeze household energy prices for two years.
Some mixed UK economic releases then re sulted in some volatility in mid-September, be fore the pound came under renewed pressure as the Bank of England (BoE) delivered its latest interest rate decision.
The BoE’s 50bps hike came as a blow to GBP investors hoping for a 75bps increase, although its hints that further hikes could be more ‘force ful’ help to keep a lid on Sterling’s losses.
With GBP investors fearing the UK faces sig nificant economic hardship in the coming
months, we may see may see this gloomy out look continue to limit interest in the pound over the next few weeks.
US Dollar
USD/GBP: Up from $0.84 to $0.88
USD/EUR: Up from €1.00 to €1.01
The US dollar trended broadly higher over the past month, with demand for the currency being underpinned by risk-off flows and Federal Reserve interest rate speculation.
The prevailing risk-off mood came amid growing global recession fears, in addition to re newed uncertainty over the situation in Ukraine.
Meanwhile, Fed rate hike expectations were turbocharged after August’s US inflation print beat forecasts, with the US dollar skyrocketing as some investors went so far as to suggest the Fed might pursue a 100bps hike.
The Fed ultimately delivered a 75bps hike, with the US dollar striking a new multi-year high shortly thereafter.
Looking ahead, the increasingly uncertain out look for the global economy is likely to see the US dollar maintain its upward trajectory through the coming month. Especially amid the prospect of US interest rates rising to 4% before the end of 2022.
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EXTRA
Turning off
A SURVEY conducted by re search platform quantilope has revealed 23 per cent of all British households indi cated that they intended to cancel contracts with video streaming companies in or der to try to save money.
Air Miles
SPANISH Minister of Indus try, Reyes Maroto, travelled to Australia to inaugurate the first Queanbeyan bat tery energy storage system built by Naturgy, whilst Min ister of Transport, Raquel Sánchez flew to Quebec to inspect an Airbus facility.
Water wars
AFTER entering into an agreement to allow rivers to flow undisturbed between Spain and Portugal in 1998, the Spanish government re portedly plans to cut the amount of water to Portugal in the River Duero.
Tax cuts warning
THE IMF has warned Britain that tax cuts could be damaging to the economy in an almost unprecedented criticism of the monetary policy of a G7 nation.
Some observers suggest the tax cuts amounting to £45 bil lion announced by new Chan cellor Kwasi Kwarteng as part of his Growth Plan on Friday September 23 are more akin to a gambler placing all of their money on black in the hopes of winning.
As the government reduces the amount of tax it will be able to collect and continues to promise aid during this time of worldwide economic crisis, the only solution will be to borrow even more money.
The actual statement from the International Monetary Fund which was issued on September 27 included the ob servation: “We understand that the sizeable fiscal package an nounced aims at helping fami lies and businesses deal with the energy shock and at boost ing growth via tax cuts and sup ply measures.
“However, given elevated in
Chancellor Kwarteng leaves No 11 to deliver his Growth Plan.
flation pressures in many coun tries, including the UK, we do not recommend large and un targeted fiscal packages at this juncture, as it is important that fiscal policy does not work at cross purposes to monetary policy.”
The Chancellor reportedly chose not to take note of any advice from the Office for Bud get Responsibility which is a nondepartmental public body funded by the UK Treasury, that the UK government established to provide independent eco nomic forecasts and indepen
dent analysis of the public fi nances.
It is expected the Bank of England will urgently consider increasing bank rate yet again as both sterling and the FTSE share index tumbled and rat ings agency Moody’s warned it may cut Britain’s credit rating.
Clearly the increasing criti cism of the decision to reduce income tax top rate to 40 per cent from 45 per cent hit home as on Monday October 3, Chan cellor Kwasi Kwarteng con firmed his first uturn so that will no longer take place.
Supermarket sweep
THE annual survey of the cheapest supermarkets in Spain was published by the Organisation of Con sumers and Users on Tuesday September 27 after visiting more than 1,100 stores in 65 cities across the country.
Overall, the cost of products from supermarkets has increased by 15.2 per cent when comparing May 2021 to May 2022 and that will have increased since the survey was compiled.
Although some individual Alcampo stores gave best value for money, the two cheapest chains were Tifer located in Castilla y Leon and Dani found in An dalucia.
None of the big names such as Aldi or Lidl featured in the top 10 cheapest, whilst prices at Dia and Mer cadona had risen the most.
Mass demonstration
EXPECT a number of ral lies across Spain on Octo ber 7, 14 and 28 by mem bers of the country’s largest trade union CCOO union followed by a mass demonstration in Madrid on November 3.
The union which repre sents workers at numer ous supermarkets and stores believes that with the everincreasing rise
of the cost of living, ne gotiations starting in Jan uary should be based on inflation plus an agreed 18 per cent increase in wages over the next four years.
Working with the UGT union, the CCOO believes that big business should already be making signifi cant offers rather than ig noring the situation.
EWN 6 - 12 October 2022 euroweeklynews.com FINANCE, BUSINESS & LEGAL22
BUSINESS
Credit: HM Treasury flickr
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. GBP INVESTORS: Were spooked by reports that domestic inflation could climb higher.
ASK THE EXPERT Peter Loveday Contact me at euroweekly@currenciesdirect.com
AT the time of writing, I am truly not too happy with the UK’s Conservative government. However, one thing I am satisfied with is that in no way would I ever consider actually replacing them with a Labour regime. The lefty’s con ference this week was absolutely de plorable. They had no true ideas of how to actually rescue the UK from the turmoil it finds itself in. The singing of God Save the King instead of the Red Flag rather summed up one of the pa thetic ways they consider drumming up support.
Nothing they came up with was a true answer to any real problems, merely ways of making the public think they would be financially better off if they voted them in. Of course the BBC absolutely revelled in it. In complete league with the Labour party’s enrap tured anti conservative attitude; their presentations were completely crammed with derogatory reports, opinions and concerns of a beleaguered public, many afraid they could be con fined to the workhouse this winter.
Once again of course, every single member of the dissenting public they
No Labour fan
interviewed was white! They obviously have no intention whatsoever of show ing other cultures who could be facing financial or personal hardship over the ensuing months. Why not? I can only assume it’s because over the next two years they will be promoting left wing ideals to nonwhite residents, purely because they want to paint a glowing picture of everything in the garden looking lovely as long as they vote Labour!
As further proof of the conspiracy now taking place in the UK, I have just observed three British TV commercials, each advertising fairly important com panies and products. The first advert featured a number of young, obviously gay black men, all partying and enjoying themselves in a carefree brightly coloured environment.
The next presented two attractive mixed race ladies enjoying a kiss and sharing a romantic moment. The third introduced a mixed race family sharing a splendid meal at the table of their pretty luxurious abode. Nothing wrong with any of that. I personally enjoy dif ferent cultures and the varied points of view of fellow human beings; but who
are these companies actually trying to sell their commodities too? Three per cent of the population? Of course they are not, that would be ridiculous.
Thousands of illegal immigrants have now entered the country. According to records, none have been sent to Rwan da (the first plane was cancelled in June). These people are still costing the country millions of pounds a week; money which funnelled into the correct resources could help thousands of struggling British residents in these troubled times.
Believe me, somewhere up there in the anonymous high echelons of televi sion, businesses and Leftie politics there is a heavy conspiracy to change the face of the UK into an easy to manage, mixed race of citizens, all voting for a left wing society. And they’re gonna take some stopping!
Keep the faith Love Leapy leapylee2002@gmail.com.
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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.
TOTAL MADNESS
GIVEN the unrest in the UK and Spain’s economy, it is fair to predict that a sum mer holiday for 2023/2024 will be the very last thing on people’s minds .
There are an estimated 800,000 British home own ers in Spain, does it not make sense to allow these home owners (those that can afford to) to visit their properties and help boost the Spanish economy.
This 190‐day rule is abso lute madness with people selling up in their droves be cause of it and is a very well‐ known fact that the Brits spend the most when abroad. If your tourism is going to be hit hard (you don’t need a degree in eco nomics to know it will) then do something about it AND LET THE HOME OWNERS USE THEIR HOMES !
Susan Hannah
Good work
Even though I am only here for a couple of months at a time, being non‐resi dent, I thoroughly enjoy your newspaper comments. Keep up the good work, especially the anti woke, politically correct and snowflake comments. You only have to watch the BBC programmes like Strictly Come Dancing and Channel 4 Bake Off to see how woke the TV programmes have become!
Paul Slaughter.
Unhinged
Having just read the Leapy Lee rant I believe you should contact a medical
specialist of a specific race acceptable to the obviously unhinged Lee.
The BBC are blamed for all the self inflicted disasters of a government able to successfully find a worse re placement than the previ ous incumbent. All the peo
ple who contributed are now neo fascists because they don’t agree with his opinion. Then it’s the fault of the BBC that people in adverts are black… adverts do not appear on the BBC!
Stephen Hunt
FACT OR FICTION OUR VIEW
SOCIAL MEDIA and even the comments section of the Euro Weekly News website appear to be full of observations concerning the reasons for the unex pected and often unexplained death of people young and old around the world.
The general opinion expressed by those who both er to comment is that all of those who died were vic tims of the vaccines introduced by the various gov ernments around the world and some people go further and suggest that this is part of a global con spiracy to hoodwink the public and manipulate them for some, as yet unexplained long-term end.
This seems to be a popular trend with the infer ence that the major pharmaceutical firms were in cahoots with governments to ensure that their prof its were greatly inflated to the detriment of individu als at large.
Moving on, there is a groundswell of opinion that there was no serious illness caused by coronavirus and that if the governments hadn’t over reacted the majority of those who caught whatever the virus might have been would found their anti-bodies fighting it off.
Looking back to before the pandemic it seems that although unexplained deaths were taking place, there was less inclination by the media at large to report the fact except locally and the fact that for ex ample a 10-year-old in Belgium had died unexpect edly whilst playing soccer, it was unlikely that it would have been mentioned in the media outside of Belgium.
Nowadays however any unexplained death espe cially of a young person or someone involved in sports is regularly picked up by the media around the world and it is possible that this coverage is in turn fuelling the social media observations.
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Origin of the Spanish Water Dog
THE Spanish Water Dog (Perro De Agua Español) is a dog breed originally from Andalucia, used tradition ally as a sheep dog and on hunting excursions.
The breed was recog nised by the Real Canine Society of Spain in 1985. It is believed that the Span ish Water Dog has strong genetic links with other water breeds, such as the Portuguese water dog, the French water dog, the Irish water dog and the poodle.
There exists various the ories about this dog’s ori gin but the most generally accepted is that this archa
Pets make you healthy
PETS come with many bene fits and who doesn’t appreci ate a furry friend to cuddle or a loyal companion so you’re not just talking away to yourself!
Pet owners will often shout about the joy of sharing their home with a feline friend or puppy pal, and in fact pets do have incredible mental health benefits.
Many dogs especially have developed to understand their owner’s mood and behaviour through the close bond that they share. They’re also re markably good at interpreting humans’ tone of voice, body language and gestures.
This is why dogs and cats es pecially can often reduce our stress, depression and anxiety levels by easing loneliness and encouraging us to get up off the couch!
Studies suggest not only are there lower rates of depres sion amongst pet owners, but people who have a pet have lower blood pressure in stress ful situations compared to people who don’t own a pet.
Traditionally used as a sheep dog.
ic breed was introduced to Europe during the Islamic invasion of the Iberian peninsula in 711.
Naturally, this meant the dogs entered Spain from the South and were estab lished in Andalucia as a re sult. Despite being one of the oldest breeds of dog in Spain, little interest was shown in the Spanish Wa ter Dog until the early 1980s.
In 1982, through its pre sentation at the World Ca nine Exhibition in Valencia, the Spanish Water Dog was recognised as an offi cial dog breed.
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MotoGP Kazakhstan
MOTOGP has confirmed that there will be a race in Kazakhstan which marks the start of a new fiveyear deal.
The FIM MotoGP World Championship is coming to Kazakhstan, event or ganisers announced on Tuesday, September 27.
“2023 marks the start of a new fiveyear deal that sees MotoGP touch down in a new region of the world as the stunning
Sokol International Race track joins the calendar,” they said.
They added: “Located just outside Kazakhstan’s largest city, Almaty, Sokol is a brandnew mo torsport complex con structed in the heart of Central Asia.
“The region will be a new pitstop for MotoGP as the sport continues to expand around the world, engaging with
new markets and fanbas es.
“Kazakhstan will also become the 30th country to host a motorcycle Grand Prix since 1949, a perfect landmark number to celebrate the everex panding history of the world’s first motorsport World Championship, and Sokol International Racetrack will be the 74th venue to host a pre mier class Grand Prix.”
EWN6 - 12 October 2022 31SPORT euroweeklynews.com
MotoGP/Official
SOKOL RACETRACK: MotoGP signs five-year deal to race in Kazakhstan.
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