Mallorca does London
MALLORCA made its presence felt at the World Travel Market held in London from November 5 to 7. The island took the opportunity to strengthen its presence in the British tourism market, its second most important source of visitors.
During the fair, the president of the Consell de Mallorca, Llorenç Galmés, outlined the initiatives undertaken to promote the Pledge-Commitment to Responsible Tourism, which was set to launch in the 2023 edition. Representatives from Lastminute, TUI, Expedia, British Airways, and British Airways Holidays attended the presentation.
To renew British tourism ties, the Consell organised a gala event, Mallorca en Esencia, to raise awareness about responsible tourism in the UK. The gala, held at the Wallace Foundation, garnered attention from
Aurelia Muñoz
FOOTWEAR ready for the sixth edition of the Marxa per la Igualtat (Walk for Equality) - a Nordic Walking event in Palma on November 24.
Walkers of all ages and levels will come together in this sixth edition.
Don’t miss this opportunity to walk for a good cause and register until November 22 at www. elitechip.net, or in person at Plaza Santa Eulalia on November 24 from 9.00 to 10.30am (subject to availability).
The walk starts at 11.00am from Plaza Cort, with a warm-up session beginning at 10.30am. To ensure inclusivity, the organisers have established
representatives of the tourism sector, the media, and tourism organisations, including Natalia Bayona, Executive Director of UN Tourism, and Manuel Butler, Director of OTS London. Representatives from British Airways, TUI, Lastminute, and hotel groups such as Riu and Grupo Mac Hoteles were also in attendance. Numerous journa-
lists from UK media outlets, including The Times, The Telegraph and Metro, were present as well. Adding glamour to the gala were notable guests such as Ted Beckham, father of David Beckham; bestselling author Lord Archer; TV presenter Laura Hamilton; and actress Elen Rhys from The Mallorca Files.
The Consell hopes that with its active presence at the fair, Mallorca will remain a leader in the tourism sector while avoiding over-tourism, in line with the Responsible Tourism Pledge.
This approach encourages visitors to experience the island as temporary residents rather than simply as tourists.
Walking for equality
three levels: Playa del Molinar (3.5 km), Cala Gamba/Es Carnatge (7 km), and Playa de Palma (10.5 km).
The EMT will provide free transport on lines 3, 7, 20, 25, and 35 from 9.00am to 6.00pm, from Palma to the finishing points on both outward and return journeys.
Join the journey toward gender equality!
Palma lights
PALMA will switch on the lights for Christmas on Saturday November 23 at the Passeig des Born and Plaça de la Reina, from 6.30pm to 9.30pm.
Over 400 km of garlands and 3,026 luminous displays will adorn Palma’s trees and streets, creating a magical atmosphere that will last until after the Sant Sebastián festivities.
This year’s decorations include two 10-metre Christmas trees in Carrer Jaume III and Avinguda Antoni Maura and one 20-metre tree in Parc de Ses Estacions, a giant ball in the Paseo Sagrera, and a large lighted star at Porta de Santa Catalina.
Responding to popular demand, the lighting ceremony has been moved to the weekend, allowing more families to share in this special moment together.
The Christmas light switch-on is warmly welcomed by local businesses, who hope it will lift pedestrians’ spirits just one week ahead of Black Friday.
Aurelia Muñoz ESCOLA GLOBAL International School in ParcBit, known for its inclusiveness and close ties to the community on the island, has introduced a new project: Connect2Work.
Connect2Work is a down-to-earth initiative that introduces secondary students to the workforce in Mallorca. Students will visit companies to learn about a variety of industries and professions, gaining insight into the dynamics and realities of different workplaces.
The Year 10 class were the first to experience this project with a tour and informational session at MN Studios, a local company that provides technical equipment, casting, and logistics for the thousands of media projects filmed in the Balearic Islands.
FOMENTO DEL TURIS-
MO DE MALLORCA has added three images to its new collection of 1930s and 1950s posters. These images from the 1940s and 1950s symbolised, in their time, the tranquillity and beauty of the island.
This week, Fomento del Turismo held a press event to commemorate this heritage. In collabo -
Connect2Work
This project is a good starting point for children growing up on the island, helping to inspire futu -
re business ideas that could lead to new start-ups and reduce youth unemployment, which stood at 11.38 per cent as of the fourth quarter of 2023.
Tourism and hospitality are industries on which the island relies heavily, so it’s important that students are exposed to new realities that broaden their horizons with alternative opportunities for the local economy.
With Connect2Work, Escola Global aims to bring students closer to the working world beyond the classroom, while inspiring them in their professional journeys.
Vintage collection
ration with Stick No Bills® Poster Gallery, a specialist in artistic travel posters licensed in Europe, and Imprenta Nueva Balear, the oldest printer on the island that still offers its services, Fomento has rereleased and remastered these three images, now part of its collection of vintage posters.
The sale of these posters supports Fomento del Turismo (Mallorca Vintage Collection®) in its ongoing mission to promote responsible, high-quality tourism that appreciates the true value of Mallorca. Founded in 1905, it is the oldest tourist board in Spain.
The images were presented at Imprenta Nueva Balear at carrer Costa Llobera, with the event attended by the president of Fomento del Turismo de Mallorca, Eduardo Gamero; the CEO and founder of Stick No Bills®; and the managers of Imprenta Nueva Balear, María Belén and Roberto Aguiló Mora.
Warm up engines
AFTER the past month’s weather let down Classic Car Club Mallorca drivers have their engines tuned and ready for the Southeast Mallorca Challenge Car Run.
This month’s car run, organised by Blanca Ramos Gonzales, will take place on Saturday November 26. With a duration of approximately two hours, the run will cruise on various scenic roads east of Palma and south towards Sa Rapita with a coffee break stop.
Drivers will meet at Festival Park at 10.30am for an 11.00am start. The finish line will be at the beachside restaurant Club Náutico Sa Rapita for a delicious three-course lunch.
The meal will start at 2.00pm and
the menu will be shared starters of chicken salad and croquettes and four optional main courses: fried eggs with potatoes and langoustines; veal schnitzel; seafood spaghetti, and grilled vegetables (suitable for vegans). The cost will be €40 per person for members and their co-pilot, and this includes the food, water, wine and coffee. There will be an administration fee of € 15 per car for non-members.
Letara Draghia FOLLOWING Donald Trump’s re-election victory over Kamala Harris, many Americans are reportedly exploring relocation options abroad, with Europe high on their list. The political shift has spurred a wave of interest in moving overseas, with celebrity responses underscoring the polarised views on the outcome.
Some prominent figures, like Barbra Streisand, have voiced plans to leave the US in response to Trump’s policies.
On The Late Show, Streisand mentio ned considering a move to England, citing political discomfort. Danica Patrick, a Trump supporter, expressed optimism about upcoming policy changes, especially regarding public educa tion, posted on X, “Public schools will be safe again soon for kids.”
European countries such as Portugal, Germany, and Ireland have reported significant spikes in online searches from Americans exploring relocation. Schengen News cited a remarkable 1,514 per cent increase in migration-related searches post-election, with Ireland, Germany, and Portugal among the top destinations.
European security vision
Will we see a huge influx of US citizens into Europe?
Real estate interest is also climbing, with Kyero, a European property platform, reporting a 138 per cent rise in property views for Portugal and 57.9 per cent for Spain, France, and Italy. Americans seem drawn to Europe for its healthcare, stability, and low crime rates. Expatsi, a relocation service, confirmed an uptick in inquiries, with co-founder Jen Barnett noting a surge in new clients seeking a fresh start abroad.
Trump effect Americans relocating to Europe
HOW will Europe react to a second Trump term? Already, we are being warned of a more protectionist economic model from Donald Trump, including tariffs being slapped on European imports entering the US.
On Friday, November 8, after months of anti-Viktor Orban (Hungarian president) rhetoric, EU representatives were his guests in Budapest for the EU summit and everyone treated him as an old friend.
As the discussions drew to a close, gone is the intention to deindustrialise Europe with 3 per cent of the bloc’s GDP pledged to research and development; in comes a pledge to streamline bureaucracy across the bloc’s internal borders; in comes prioritising energy resilience, as well as deepening their transatlantic re-
lationship with the US; and also, food security became a key factor in the discussions.
All of these were key responses to the looming end of the Biden administration, potentially meaning a return to favouring locally produced goods rather than imported products, a radical change in direction from a period of Biden and Von der Leyen being the two biggest names in Wes-
tern politics.
Also, Donald Trump claims putting an end to the war in Ukraine will be first on his agenda; this may be just more bluster, but realistically, he is probably the only person who has a shot at doing it.
Whatever one’s politics and whatever one’s feelings about Donald Trump, so far the effect has meant nothing but good news for the European economy.
GERMAN Defence Minister Boris Pistorius and French Defence Minister Sébastien Lecornu held discussions in Paris recently and highlighted the need for Europe to play a more active role in its own defence.
The ministers outlined a shared vision for enhancing European security, aiming to engage the UK, Poland and Italy in discussions next week to promote this goal. Germany at NATO shared Pistorius’ sentiments on Franco-German cooperation as essential for a secure Europe. “We have achieved a lot in Europe, but need to do more for the coming years. Franco-German unity is a major part of this. Europe’s freedom and security depend on whether we are able and willing to defend them credibly,” Pistorius said. The two ministers believe that involving key European players like the UK will help reinforce Europe’s collective defence. As security challenges intensify across France and the rest of the continent, Germany and France emphasised the importance of united efforts to bolster Europe’s defence against potential threats. Following the meeting, both ministers reiterated the need for Europe to maintain military spending commitments, especially with NATO allies. The recent re-election of Donald Trump as US President has renewed concerns about Europe’s dependency on American defence support. This shift prompted Lecornu and Pistorius to urge NATO members to ensure that defence budgets translate into “visible, substantial contributions” to reinforce NATO’s position. Lecornu noted Europe must show a credible commitment to its own security, reflecting Trump’s past criticism of European defence budgets. The forthcoming discussions with the UK, Poland and Italy aim to nurture greater cooperation and shared responsibility in Europe’s security.
US expat havens
OUR American cousins looking for a European change of life need look no further, as Forbes magazine has published their list of most welcoming destinations for US citizens to relocate in Europe.
The parameters include regular flights to the US, international schools, business opportunities, good healthcare, low taxes, expat community, and a low crime rate to complete their ranking. Evaluating their proposals, there are good and bad points: Topping the list for the best place for Americans to move to is The Azores. There are the low taxes, good quality of life, and attractive house prices. The downsides?
Anyone who has arrived by plane to Ponta Delgada will no doubt remember the hair-raising approach in windy conditions.
Also, it’s quiet, very quiet.
Number two on the ranking was the spectacularly beautiful and historic Tuscany in Italy, just oozing with charm and history. Many American expats, including a number of celebs, have settled here. However, the Italian government has recently doubled the rate of tax on wealthy expatriates to around €200,000.
If what you yearn for is culture, friendliness, gastronomy, and sun-kissed beaches, Malaga has it all. The city has the highest concentration of museums per square kilometre, the most vibrant social scene of the three, excellent quality of life, safe, and is perfect for digital nomads in it has one of the best fibre optic networks in all of Europe. Perhaps Malaga should be topping the list.
euroweeklynews.com
Aurelia Muñoz
FOR those flying from Palma airport, bear in mind that the security checkpoint has been relocated to the second check-in floor. This is just one of several changes introduced as part of the airport’s remodelling and expansions plans.
1) 3D technology filters
18 security lines, each with advanced scanning arches, have been installed, with plans to increase the number to 44. These lines feature EDS CB technology, which uses advanced 3D scanning that allows passengers to leave liquids and electronic devices in their bags.
Additionally, the new Automatic Tray Return System (ATRS) has been implemented. This system automatically returns trays to passengers and redirects any trays requiring additional inspection to a separate line, improving the flow
PMI updates
and speed of the security process.
2)More direct access to boarding gates
Once passengers clear security on the second floor, they will have direct access to their assigned modules.
3)New arrangements for arrivals
national and international flights will use Module D to access the baggage reclaim area. For passengers arriving on inter-island flights via Module B without checked baggage, a temporary corridor has been set up to streamline their exit route.
4)Inter-island flights
Passengers on inter-island flights now have a shorter journey from the terminal to reach checkin, with easy access from there to both the car park and departures.
5)Fourth floor closed for renovations
Save the date
IT’S beginning to look a lot like Christmas on the island. Two strong communities, the Svenska Kyrkan Mallorca and the Anglican Church of Mallorca, are working at full swing for their upcoming classic Christmas Bazaars.
The Swedish Church will hold its event on November 23 and 24, from 13.00 to 20.00. Scandinavian Christmas decor, candlesticks, famous ginger biscuits, Glögg to warm up, and live music are some of the attractions the Bazaar has in store.
The Anglican Church of Mallorca will also hold its bazaar on Sunday, November 24, from 10.00 to 15.00. Cards, decorations, sausage and bacon bar, African kitchen, bric-a-brac, the BIC children’s choir singing Christmas songs, and Leapy Lee’s new single are also on the agenda.
Passengers arriving from both
The fourth floor is now closed for renovations, as it is being transformed into a shopping and dining area.
Members of their communities and the general public are welcome to enjoy this early taste of Christmas.
Svenska Kyrkan Mallorca: Avinguda Joan Miró, 113, Palma.
St Philip and St James Anglican Church: Carrer Núñez de Balboa, 6, Palma.
Mallorca Conscious group
HEALTHY food seminars, reiki healers, outdoor yoga classes, respectful house-sitting, osteopathy sessions… a variety of alterna tive experiences in English, Spanish, and Catalan are happening on the island, and most of them can be found in a single Facebook group.
Created in 2019, the Mallorca Cons cious Community Fa cebook group has more than 34,000 members and growing. But why is it so popular?
The aim of the group is to connect conscious members with business owners, entrepreneurs, healers, teachers, practitioners, and creators living in the Balearic Islands. It’s an open group but firm in its guidelines, which insist on transparency regarding professionals’ formal training, qualifications, and experience.
The wellness industry generated 5.6 per cent of global economic output in 2022, with Spain ranking 14th within the top 25 National Wellness Markets,
showing an annual growth rate of 12.4 per cent between 2020 and 2022 (data from the Global Wellness Institute). Germany ranked third, and the United Kingdom fourth. So, it’s no surprise that Mallorca, a melting pot of nationalities, attracts professionals of this kind.
Overall, Mallorca Conscious Community leans toward the alternative side of the health and wellbeing sector, with offerings ranging from AcroYoga festivals to vegan nutritionists. The classes and services are incredibly diverse, representing the other end of the spectrum compared to the high-end luxury retreats that Mallorca also promotes.
The wellness offer on the island is unlimited, but this group is certainly open to new ways of improving health and well-being.
Hispavan aids Valencia
HISPAVAN, a camper van conversion and equipment specialist based in Almeria, Spain, has stepped up to offer essential support to communities impacted by recent flooding in Valencia.
Known for their wide array of camper van services and products, the Hispavan team put aside their regular business operations to coordinate the transport and delivery of essential supplies, aiming to ease the hardships faced by flood victims.
The severe flooding, which has displaced many families and caused widespread damage across the region, has required urgent assistance from organisations and businesses across Spain. Responding swiftly, Hispavan travelled to Valencia in person to bring items crucial for daily living, hygiene, and comfort to those affected.
They also stayed to
roll up their sleeves and provide hands-on help. Their support efforts not only demonstrate a commitment to the well-being of local communities but also shows a strong sense of solidarity in times of crisis.
In addition to providing emergency aid, Hispavan’s initiative encourages others in the
business community to step up and provide assistance wherever possible.
Their response exemplifies how small and medium-sized businesses can make a tangible difference in the lives of those facing difficult times, proving businesses are once again at the heart of the community.
FOR non-residents who own property in Spain, understanding local tax obligations is essential. Spain has specific tax rules for non-residents, inclu-
ding distinct requirements around property ownership and rental income. Taxadora.com specialises in making these processes easy and affordable, as-
sisting thousands of clients each year.
Non-Resident Tax: Renta Imputada vs IBI Tax and Rental Income
Non-residents who own property in Spain need to distinguish between Renta Imputada and the local property tax known as Impuesto sobre Bienes Inmuebles (IBI). While IBI is a municipal property tax paid by all property owners (similar to council tax), Renta Imputada is an additional, separate tax on the imputed rental value of a property for non-residents who aren’t renting it out. Calculated as a percentage of the property’s cadastral value, Renta Imputada essentially taxes the property’s theoretical rental value.
For those who do rent out their property, non-residents must also decla-
re the actual rental income and pay tax on that amount. Managing these declarations can be complex, but Taxadora.com helps clients handle all aspects, from tax calculations to filing the correct forms, so they can stay compliant without stress.
Income Taxes for Residents
Resident taxpayers in Spain face different obligations, as they are taxed on their worldwide income. This includes earnings
from wages, investments, and rental income. For residents, declaring all income annually requires an in-depth understanding of Spanish tax brackets and extensive documentation.
Taxadora.com also assists residents, offering professional support for a smooth filing process.
Determining Residency Status
Knowing whether you’re a resident or non-resident for tax purposes is crucial. Spending more than 183
days per year in Spain, or having Spain as a primary financial or family centre, typically means you’re a resident. Taxadora.com helps clients confirm their status, ensuring they meet the correct tax obligations.
Affordable Tax Solutions
With fees as low as €30 per tax return, Taxadora. com is an affordable alternative to traditional law firms, offering non-residents a straightforward way to handle Spanish taxes. Serving thousands of clients each year - many of whom are holiday homeowners living abroad - Taxadora.com provides reliable, cost-effective tax compliance, giving clients peace of mind and clarity in their Spanish tax responsibilities.
Want to simplify your Spanish taxes? Try Taxadora!
SUPERMARKET
Your
Should non-Spanish residents learn Spanish?
AS Spain continues to attract a growing number of international residents, the question of language has become a point of discussion. Should non-Spanish residents be encouraged, or even expected to learn Spanish?
Spain is currently in the process of reconsidering its immigration policies for foreign residents living in Spain, and one of the factors being considered is language pro ciency. At the moment, those applying for Spanish nationality must generally pass two citizenship tests: the CCSE, which is a cultural test, and the DELE A2, which is a basic language test that demonstrates that you have the language skills to get by in everyday situations.
For those living in Spain, learning the language can be hugely bene cial for integration; It can facilitate nding work, connecting with the local community, and can certainly help navigate Spain’s infamously complex bureaucracy. However, it could also be argued that Spain’s international atmosphere can allow for comfortable life without a high level of pro ciency in Spanishthis is especially true for large cities or areas that welcome a higher number of tourists, where the international community is large and most locals already know some English.
For these reasons, we asked Euro Weekly News’ readers to share their thoughts on whether non-Spanish residents should learn Spanish.
Stephen Proctor says “all residents should try to learn basic Spanish, if they can. Of course, some people pick it up quickly, and some people take a bit
longer. As long as one makes an e ort, that is the main thing.”
Likewise, June N Maurice Johnson agrees that while “older brains can’t retain the words easily,” everyone should at least try, especially when pronouncing the names of towns and cities, as “that’s just good manners.”
Fred Harding expresses that non-Spanish residents should try to learn the language; however, he also brings up a common problem which can hinder language practice. He says “Try and speak Spanish and they reply in English.” This can often be the case in more touristic areas where Spanish speakers are eager to practise their English skills.
Pamela Colley Ferrante raises another interesting point, as she mentions additional reasons why people may struggle to acquire new languages, such as dyslexia and and hearing diculties. She asks that we “please spare a kind thought for those who are unable and truly su er!”
Finally, Judith Dominique Wolfenegg points out that, aside from showing “respect for the country and its inhabitants,” being able to communicate is “very important in case of emergencies.”
In conclusion, there appears to be an overall agreement among the replies we have received that, while learning a new language may present many challenges and one might not acquire total uency, it is important to make some e ort to learn the local language, whether that be out of respect for the local community, or just to make our own lives easier.
All-day brunch
Aurelia Muñoz
THE new café making waves in Pere Garau is Federal. With its distinctively Australian vibe, Federal feels reminiscent of hip Sydney neighbourhood coffee shops, featuring vintage décor, window seats, and open spaces.
Since its opening in July, Federal has blended Mallorcan cuisine with the robust Australian brunch culture. It might just be the only place in the world where you’ll find both Vegemite and sobrasada on the same menu. Federal is the spot for a hearty brunch. The menu ranges from healthy classics like chia pudding, açai bowls, and yoghurt with muesli to indulgent pancakes, French toast, and sourdough topped with options including English bacon. Pancakes are a major attraction at Federal, with their own dedicated section offering
both sweet and savoury options. They’re served with choices like seasonal fruit, maple syrup, heavy cream, or even bacon and smoked salmon. Egg enthusiasts will find all their favourites - fried, poached, or scrambled - enhanced with delicious additions like macadamia pesto, halloumi, Vegemite, ricotta, or sage-infused potatoes.
Late risers can dive straight into the lunch menu, which includes vermicelli salads, Reuben pastrami sandwiches, salmon bruschetta, veggie patties, and beef burgers.
Federal is part of a fran-
chise started in Barcelona by two Australian owners who wanted to bring a taste of their homeland to Spain. The name ‘Federal’ is inspired by a small town in Byron Bay. Since then, they’ve expanded, opening locations in Barcelona, Girona, Madrid, Mallorca, Murcia, Sitges, and Valencia.
Their success lies in fresh, healthy, uncomplicated food made with local, seasonal ingredients, as well as the café’s open layout and relaxed schedule that serves meals until 4pm. Brunch is an all-day affair here.
The menu changes seasonally, and each Federal location incorporates local culinary traditions. You’ll find Federal at Plaza Francesc García i Orell, widely known as Plaza de las Columnas. T.628 638 226 palma@federalcafe.es
MALLORCA
More than a deli
DELI SANTA MARIA, located in the heart of the town of Santa María del Camí, is a delightful restaurant and healthy takeaway that lets you indulge without guilt. With a menu inspired by international and Mediterranean cuisine, it caters to diverse dietary needs, including vegan, vegetarian, gluten-free, and lactose-free options.
Small in size but offering a varied menu, it features a cosy dining area in earthy colours and a deli counter. The open kitchen allows guests to watch the chefs at work, adding a charming touch. Services include sitdown meals for breakfast, brunch, and lunch, as well as takeaways and home delivered goods, and catering for any occasion, from business meetings to family gatherings.
The restaurant’s daily-changing menu focuses on fresh, healthy ingredients with creative, seaso-
nal dishes, such as sweet potatoes with pimentón and millet balls in Spanish sauce.
Individual and takeaway menus are strongly influenced by Middle Eastern and Mediterranean cuisine and are divided into sections: Lebanese dips like green tahini; legume and grain-based salads for groups of three to four; trays of dishes like lasagne, borek, and quiche for six to eight; and a ‘Falafel night’ option, with falafel mix to make your own, salads, hummus, and tahini for eight to 10 people. Other options include deli items inspired by Lebanese and Greek cuisine, such as vine leaves with rice, and a range of desserts like carrot cake and vegan cocoa brownie, ideal for six to eight people.
Their bakery is also a must, with handmade pita bread, borek, quiches, granola, crackers, cakes, and muffins. You’ll find
Mallorcan olive oils, tahini, pickles, honey, and salt available on the shelves for purchase.
Prices are definitely a good value for money, with mezze plates at €9, borek or quiche with salad at €10, and gluten-free pumpkin wraps or the dish of the day at €12 each.
For a day out or a house party, their Picnic menu is ideal, with pitas in vegan, veggie, eggy, or cheesy options. There’s also a ‘pitapicnic’ for breakfast or lunch and three picnic baskets: the vegan, the Mediterranean and the romantic.
Service is friendly and attentive, with a cosy and elegant terrace and dining area.
Sundays gets especially busy because of the Santa María Market, so it’s best to book in advance on (+34) 628 008 066 or via email at info@deli-caffe. com. The deli is located on Carrer de l’Església, 13 in Santa María.
Opening hours are 9.00am to 5.00pm, except Sundays (closing at 4.00pm) and closed on Saturdays. You can visit Santa María by car or train.
FINANCE
BUSINESS EXTRA
Asda shakeup
AN internal email sent to Asda’s 5,000 office staff on November 5 informed them that they would now have to work at least three days a week in the Leeds and Leicester headquarters from January 2025. The UK’s third-biggest supermarket chain also plans to cut administrative staff by 475 to eliminate ‘duplications’.
No breaks
THE Work Inspectorate fined hotel chain Melia €41,000 and ordered the company to change the status of 100 workers at the Melia Castilla from seasonal to permanent contracts. This was a repetition of a 2017 Work Inspectorate ruling when Melia was obliged to readmit 51 staff for the same reason.
Black Friday
LATEST figures from the British Retail Consortium (BRC) revealed that October sales grew by just 0.6 per cent when compared with October 2023. Barclays, which processes 40 per cent of the credit and debit cards in the UK, agreed with the BRC that consumers were waiting for Black Friday on November 24.
Another debut
ENERGY company Grupo Cox, which took over Abengoa in 2023, will list on the Spanish stock exchange on November 14,withasharepriceestimated at between €10.23 and €11.38 per share. This year’s second flotation following Puig’s in July, puts a value of between €838 and €932 million on the company.
Pension ploy
HIGH street bank NatWest’s third quarter results announced that it intended to outsource one-third of its pension payments. According to the UK media, the bank’s pension trustees have now transferred approximately £11 billion (€13.2 billion) of its corporate pension scheme to specialist insurance company, Rothesay.
STAT OF WEEK
€5.471 billion
net profit for energy company Iberdrola in the first nine months of 2024, a 50 per cent increase on the same period last year.
A Sky-high blunder
SKY is having to pay out hundreds of millions after discovering that it had miscalculated revenue on sales operations for years.
The Sunday Telegraph disclosed on November 3 that Sky Media, which sells advertising on Sky channels to business partners including Paramount and Warner Bros Discovery, had undervalued the amounts it should have paid them.
Industry sources said the errors went as far back as 2017, a year before Sky’s £30 billion (€36 billion) takeover by the US cable company Comcast in 2018 and continued for some time afterwards.
According to the Sunday Telegraph, Sky’s chief executive Dana Strong and the company have done their best to keep the underpayments quiet and al-
NAVANTIA, the publicly-owned Spanish shipbuilder, is in talks with the UK government to improve a deal that could also rescue Harland & Wolff (H&W).
The two companies had secured a £1.6 billion (€1.9 billion) contract to build different sections of three Fleet Solid Support (FSS) supply ships for the Royal Fleet Auxiliary at their respective shipyards in Cadiz and Appledore (Devon).
Once completed, the ships were to be assembled in Belfast, but the deal went awry when H&W went into administration last October.
though all the reimbursements have been directly accounted for, there was no direct mention of them in the company’s reports.
Last year Sky had total 2023 revenues of £10.2 billion (€12.1 bi-
llion), of which advertising sales accounted for £1.2 billion (€1.4 billion) and the Sunday Telegraph maintained that the miscalculations had ‘fuelled suspicions’ among Sky’s partners.
Together with ITV and Channel Four, Sky Media is one of three television advertising concerns and insiders warned that Warner Bros Discovery and Channel Five owner Paramount could review their Sky contracts.
Meanwhile a Sky Media spokesperson announced that once the company became aware of “an issue in relation to payments to partners” it acted decisively.
“We have made the necessary internal changes to prevent this recurring,” they said, in keeping with media reports that some members of the Sky Media staff have now left the company.
UK jobs could be saved
That’s rich Profits up
MARKS & SPENCER’S pre-tax profits for the six months ending in October rose to £408 million (€409.9 million).
This was 17 per cent more than the same period in 2023, boosted by food sales which rose 8.1 per cent and a 4.7 per cent increase in clothing and household items. These good results did not prevent chief executive Stuart Machin from warning that the rise in National Insurance contributions announced in October 30 Budget would cost M&S more than £60 million (€72 million) in 2025.
SPAIN’S 10 richest people own assets of €250.4 billion between them, 27.7 per cent more than in 2023.
According to the latest figures published by the US business magazine, Forbes, there is comparative parity between the sexes for the first time ever, since four of the country’s super-rich are women.
Foremost among them is Inditex founder Amancio Ortega’s daughter, Sandra Ortega, who has a fortune of €10.2 billion.
She is followed by María del Pino, daughter of Ferrovial’s chairman (€3.2 billion), Mercadona’s vice-chair Hortensia Herrero (€3.2 billion) and Sol Daurella Comadran (€3 billion) who is chairwoman of Coca Cola Europacific Partners.
LLOYDS BANKING GROUP revealed that customers who were defrauded when trying to obtain tickets for next year’s Oasis concerts lost an average of £346 (€415.48) each.
Hundreds of clients had been taken in by bogus adverts and posts on social media, the banking group revealed.
Lloyds’ analysis of the scams was carried out between August 27, when the reunion performances were announced, and September 25, prompting the bank to predict that the total was almost certainly much higher by now.
Discussions are underway between government representatives in Madrid and London, but it is understood that the latter wants any re-negotiations to guarantee the 1,000 UK jobs involved.
Sources close to the talks have revealed that Navantia has been providing H&W with cash to support its day-to-day operations.
Meanwhile the Spanish company told Sky News that success hinges on the Ministry of Defence agreeing to “more realistic” terms.
Fewer brands
WHEN Orange and MasMovil merged earlier this year to form Masorange the new company inherited 20 different trade names.
It is now shedding most of these, the first of which was Virgin Telco which has ceased all operations, although it will remain active for a year for clients who can then switch to Masorange or terminate their contract.
Llamaya, acquired by MasMovil in 2017, is also due to disappear, along with Lycamobile y Lebara as well as other operators with very few clients.
At present Masorange’s most immediate concern is reducing debt, which by September 30 had risen to €12.6 billion or €14 billion if taking lease liabilities into account.
NADHIM ZAHAWI is allegedly in talks aimed at facilitating Dovid Efune’s bid for the Daily Telegraph Sky News reported that the former UK Chancellor has been working with LionTree, banking advisers to Efune who owns online publication, the New York Sun. City sources quoted by Sky also revealed that Sir Mohamed Mansour, former Conservative politician and party treasurer, was involved in securing funding for the £550 million (€660.6 million) takeover.
FRENCH tyre manufacturer Michelin, affected by competition from Asia, is closing its Vannes and Cholet factories which employ 1,254 people.
Part of the Vannes production, which specialises in the steel wire that is used to reinforce tyres for lorries, will move to Michelin’s Vitoria plant in Spain’s Basque Region which makes the same product.
Vannes’ remaining output will stay in France, moving to Michelin’s Epinal plant. Tyres for light vehicles made at the Cholet factory will be made in Cuneo (Italy) and Olsztyn in Poland.
3I Group 3.436,00 3.440,00 3.401,92 27,28K
4.308,00 4.330,10 4.286,00 6,56K
375,76 377,25 374,65 2,08M
2.736,00 2.723,00
BUSINESS
EXTRA
Texas venture
ACCIONA ENERGÍA has acquired two windfarms in Texas linked to the Electric Reliability Council which manages 90 per cent of the state’s electricity. The Madrid-based company paid $202.5 million (€185 million) for the two installations that between them generate 300 megawatts of electricity.
Merger likely
THE £15 billion (€18 billion) Vodafone-Three merger should go ahead following PM Keir Starmer’s pledge to cut red tape hindering investment in the UK. Both operators were told they must freeze prices to obtain Competition and Market Authority approval.
Moncler eyes Burberry
SHARES in emblematic
British brand Burberry shot up following hints that Italy’s Moncler was contemplating a bid for the company.
Trade journal Miss Tweed referred to claims that French multinational LVMH, which has 15.8 per cent holding in Moncler’s owner RR, was eager to see a deal go through.
Allegations apart, Moncler later told the Guardian that it did not comment on “unsubstantiated
Afamiliar name
THE name Ebro will reappear on Spain’s streets thanks to a joint venture between Chinese carmaker Chery and EV Motors.
The €400 million alliance was announced in April 2024 and EV Motors (Ebro) has been listed on the Spanish stock exchange since October 14.
The first Ebro S700 vehicle will leave the assembly line at the former
“This is the plant where Ebro vehicles were built more than 50 years ago,” EV Motors president Rafael Ruiz said. “It seemed like a good idea to recover a brand that still lives in the memories of many Spaniards. It represents the values we want to reconnect with.”
rumours.”
Nonetheless, Burberry shares rose by more than 7 per cent on the morning of November 4 to 872p (€10.47) before closing that day at 861p (€10.33), an increase of 6 per cent that gave the company a value of £3.1 billion (€3.7 billion).
City insiders have tagged Burberry as a candidate for takeover since the beginning of this year, following a 40 per cent freefall over a 12-month period that edged its shares out of the FTSE 100 index for the first time in 15 years.
In-store sales in Europe, the Middle East, Africa and India fell by 16 per cent, while those in the US, South America and Asia-Pacific dropped 23 per cent.
Burberry has also been affected by tumbling sales in China where there has been a drop-off in purchases of luxury items.
Paid out
WHEN the Inditex clothing empire paid its second 2024 dividend on November 4, the company’s founder and principal shareholder Amancio Ortego received €1.4 billion. Inditex, which was floated on the Spanish stock exchange in 2001 has paid out yearly dividends each May and November since 2009, with the exception of the May payment during the 2020 pandemic year.
Crash course
‘CRASH for cash’ accidents staged by moped users who then make false insurance claims have risen by 380 per cent over the last year, a Direct Line survey found. The ‘massive’ increase was largely due to the hourly-payas-you go policies that make it easier for scammers to pose as delivery drivers when insuring mopeds.
Onwards and upwards
LEAPY LEE
SAYS IT
OTHERS THINK IT
IF I had a euro for the number of readers and colleagues that have suggested I ‘do’ Trump this week, I would probably be able to pop off to the Maldives for a short sojourn.
Well, why not; he won didn’t he? Not only did he win, but actually achieved a resounding victory over the conniving and incompetent rivalry of the Biden/Harris brigade. (Quote. ‘A hammer blow to Britain’s demented leftie woke elites. Unquote!)
What does make me twitch however, are many of those who supported the Harris lot declaring, often somewhat pretentiously, that they find it disgraceful that ‘a convicted criminal is now the leader of the most powerful nation in the world’. Have you all lost it? Do you honestly think that the miniscule fraud charges no doubt heavily supported and instigated by his rivals, even come close to the crimes the murderous leaders who run a large percentage of the other nations are guilty of? Those of the Communist regimes, who are
responsible for the assassination, slavery and genocide of literally millions of their subjects and would stop at nothing to annihilate anyone who seeks to stand in their way? Give us a break. Love him or hate him Trump is exactly what the West needs at this precarious moment in time.
These so-called front runners of our enemies will undoubtedly think twice before attempting a show of superior force to a country as powerful as America, now run by a nutter who wouldn’t think twice about returning the favour. Nope, sorry about the result to those of you who disagree, but if we were looking at another five years of Kamala Harris the West could be in real trouble.
And besides, how bent were they?
I seem to recall Biden’s son facing some extremely serious charges in the run up to the voting.
The results of which were all dealt with and quietly swept under the carpet in case they should influence the result of the Democratic reelection. No, love him or hate him I think we can all sleep a little easier knowing Mr Trump is at the helm. Mind you
I’m not sure the UK will fare too well, particularly as Starmer and his awful woke infested entourage openly supported the Demi opposition. Trump does seem to like Farage however. Personally I think if the British vote were to be called tomorrow, based on the dreadful performance of the Labour party so far, ReformUK would probably wipe the floor with ‘em. Dream on Leapy.
Thank the Lord I don’t have to worry anymore. Many thanks to this great publication for the coverage of the ol’ boy’s new Christmas recording.
It’s actually being received very well. ‘Santa’s Here’ is available on Spotify, iTunes and Apple Music. For the You Tube video click on www. youtube.com/watch?v=4vHAPdGWI GQ. Also, to be aired on December 1, I have recorded an hour long interview with Phil Riley at 9pm UK time on Boom Radio. Try and give it a whirl if you get the chance. Onward, and hopefully upward.
Keep the faith Love Leapy leapylee2002@gmail.com
Creators rally
WITH AI’s expanding reach, artists across Europe are urging the EU to reinforce its AI Act to protect their creative work. This legislation, crafted to address AI’s impact across industries, includes provisions to safeguard intellectual and artistic property. However, creators argue that without strong enforcement, the Act may fall short in countering AI’s swift advancements.
AI is no longer limited to supporting roles; it’s now creating art, music, and literature. As AI masters traditionally human skills, creators fear their unique artistry could be compromised. Artists, musicians, and writers are calling on the EU to protect their work from being repurposed by AI without credit.
The AI Act aims to regulate high-risk AI applications, establishing boundaries to ensure AI respects existing rights and societal interests. For creators, it promises control over how AI uses their work. Yet, without concrete implementation and strict enforcement, creators worry that these protections could become mere formalities. Hundreds of creators have signed an open letter to EU leaders, demanding robust enforcement of the AI Act to defend their industry.
INTERVIEW
Vicky Mymlan
Vicky, a Swedish-speaking Finn, made the move to Barcelona in 2022 after spending a few years in the UK beforehand.
Gemma Middleton
SHE decided to leave Sweden to enhance her professional career and because Sweden “is cold and dark during the winter mon ths.” Vicky exp lains that spen ding some time in the UK first made the tran sition to Spain slightly easier.
In 2022 Vicky was offered a job working for an in ternational airline company and would be based in Barcelona, Spain. Vicky, who speaks five Germanic languages fluently, decided to accept the job “because Sweden is part of the Schengen so it was an easy relocation that wouldn’t involve work visas.”
She went on to explain one thing that she found difficult was the lack of recognition for some of her professional qualifications. “I have to retake them in Spanish and I do not speak Spanish fluently, yet.”
Vicky has every intention of calling Spain her home indefinitely and would like to eventually work in Eco-tourism and pursue a PhD.
is making
her home and hopes to eventually work in Eco-tourism
“I love Spain. The food, the weather and the people. I’d like to interact with more Scandinavians though, and I would tell others thinking of moving to Spain to go for it. There are so many opportunities to be found here.”
News from Our Other 6 Newspapers •
Costa del Sol Volunteers clean up
THOUSANDS of volunteers throughout the Malaga region have stepped forward to help out in the great clean-up following floods that tore through the province.
Alora, Cartama, and Valle de Abdalajís have borne the brunt of the damage caused by torrential rains and floods. ‘They have already forgotten us,’ say posts on social media, commenting on how little aid has been given by the central government in Madrid. So, the residents of the towns of Malaga Province have organised among themselves the big clean-up. Students from the University of Malaga have taken the initiative and, through social media channels, have formed brigades to help the villages of Alora, Cartama, and Almogia, some of the most seriously affected areas, clearing out the thick mud that covers huge parts of the towns, as well as organising collections of essentials that residents lost when flash flooding hit on Tuesday, October 29.
Axarquia Spotlight on Axarquia
AXARQUIA is ready to impress at two big tourism fairs in Valladolid this November. For the first time, the International Interior Tourism Fair (INTUR) and the AR-PA Cultural Tourism Fair will run at the same time, giving the region an exciting opportunity to show off its attractions. Jorge Martín, president of the Axarquia Municipal Association, and other local councillors revealed the region’s plans for the event, taking place from November 14-17. Axarquia will be featured at the Andalucia booth, a 152-square-metre stand highlighting the best of the area. And to make things even easier, the region is going digital. Visitors can scan QR codes to explore its cultural, natural, and food-related treasures. From charming rural accommodations to thrilling activities like zip-lining and hiking, Axarquia has something for everyone. You can also sample local delicacies like honey! With more than 1,200 destinations on show, INTUR and AR-PA are set to attract thousands.
Costa Blanca North Town donates fresh fish
VILLAJOYOSA has stepped up to the plate - literally - to help communities in Valencia reeling from the devastation of the recent DANA storm. In a show of solidarity, the town’s Fishing councillor, Carlos Soler, delivered a whopping 50 kilograms of freshly caught ‘revuelto de La Vila’ to Alicante Gastronómica Solidaria. This catch isn’t just any donation. The rich ‘revuelto de La Vila’ promises to serve up a generous helping of comfort to the people in need, as well as to the volunteers and emergency workers tirelessly restoring order in the storm-affected areas. Alicante Gastronómica Solidaria is the powerhouse behind this culinary lifeline, whipping up over 10,000 hot meals every day for those affected by the storm’s wrath.
It’s an operation on an epic scale, with 1,000 volunteers bustling away in kitchens based in Muchamiel to bring hot meals to ravaged Valencia neighbourhoods.
Costa Blanca South Unity in Remembrance
ON November 10, Royal Naval (RN) Veterans led a procession of Standards accompanied by the Torrevieja Pipes and Drums to the Capilla de las Mil Palmeras (Church of a Thousand Palms) in Mil Palmeras on Sunday’s Remembrance Day. While the UK observed Remembrance Day at the Cenotaph in London, the Costa Blanca and Mar Menor communities in Spain gathered at Mil Palmeras. Coupled with the gravity of our memories of recent wars and conflicts, the event was a particularly sombre and moving affair as, together with Jose Maria, the Mayor of Pilar de la Horadada, his councillors from both the government and the opposition parties, many Spanish and families of all nationalities, and the British Vice Consul from Alicante, the community was able to come together as one. The event concluded with the National Anthems of Spain and the UK, followed by a procession to the International Garden of Remembrance. There, a minute’s silence was held in tribute to those lost.
Almeria
An honour for Mojacar
MOJACAR was recently celebrated as one of Spain’s founding members of Los Pueblos Más Bonitos de España (The Prettiest Towns in Spain), a network established to protect and promote the cultural heritage of Spain’s most charming villages. This recognition, marking the network’s 10th anniversary, underscores Mojacar’s commitment to preserving its unique beauty and traditions. Alongside 13 other villages, Mojacar will be honoured in December at the association’s General Assembly in Grazalema. Since joining, Mojacar has reinforced its dedication to maintaining the town’s historical structures, supporting local artisans, and fostering high-quality tourism.
Almeria is well-represented, with Lucainena de las Torres and Nijar also belonging to the network. Becoming a member requires passing a stringent assessment that evaluates factors like architectural beauty, environmental care, and cultural preservation.
Costa Calida Save the animals
ON Saturday, November 9, the heart of Pinar de Campoverde Plaza was filled with passionate locals rallying against Lorca’s decision to stop funding the Los Infiernos stray animal shelter. With 60 dogs and cats at risk of being moved to a kill centre in Granada, supporters were determined to make their voices heard.
Volunteers and animal lovers came together to raise awareness and show their support for the shelter’s crisis. And the response was incredible! The event led to four adoption inquiries and some very generous donations, bringing hope to the shelter’s cause.
While the future of the animals is uncertain, the protest proved just how strong the community’s spirit is when it comes to protecting those in need. Local supporters are still working hard to find solutions and keep the shelter running, proving that together, we can make a difference for these animals in crisis.
BOX of delights
PET subscription boxes are curated packages delivered monthly, filled with treats, toys, and essentials for pets. Tailored to cats and dogs, these boxes aim to provide pets with new and exciting items regularly.
Typically, they contain gourmet
Photo: Shutterstock
treats, durable toys, grooming supplies, and accessories, often themed around holidays or seasons. Subscription services personalise these boxes based on the pet’s size, breed, and preferences, ensuring each delivery is unique and suitable. These convenient solutions save pet owners time and provide consistent joy for their furry companions. Pet subscription boxes can be easily purchased online through various company websites, with options for different plans and customisable features.
The average price of a pet subscription box ranges from €22 to €31 per month, making it a hassle-free way to keep pets happy and engaged.
Piling on the pounds
FEEDING your dog human food can be tempting, but some treats may lead to unwanted weight gain. Certain types of
Bennie the Corgi loves the pet-sitters for company
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human food are high in fats, sugars, and calories, which can easily cause your dog to pile on the pounds.
Cheese, while a favourite for many pets, is rich in fat and calories, making it easy for dogs to overeat. Similarly, processed meats like bacon, sausages, and deli cuts are high in fats and sodium, contributing to both weight gain and potential health risks like heart disease.
Sugary treats such as
cookies, cakes, or ice cream can also be harmful. Dogs don’t process sugar like humans do, and these foods can lead to obesity and other health issues such as diabetes.
Even healthy foods like peanut butter, if given in large quantities, can contribute to weight gain. Opt for moderation and always choose low-fat, low-calorie treats designed for dogs to help maintain a healthy weight.
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MotoGP Valencia relocated
THE news that the 2024 MotoGP world championship finals will no longer take place in Valencia after DANA has had a huge impact on many fans. It was finally decided on November 7 that it was not feasible to allow the MotoGP finals to take place at the Circuit Ricardo Tormo, a MotoGP circuit situated in Cheste which is a town just outside Valencia.
The finals will now be held in Circuit de Barcelona-Catalunya. Motorbike fans and the professional motorbike
racing profession have been left with some difficult choices.
“MotoGP requested the authorities to race in Barcelona as it was the best possible choice,” said MotoGP organisers. “The track is the easiest option for fans who were already planning to attend the MotoGP season finale. The location and circuit are also the most efficient choice, providing a close to seamless alternative for personnel and logistics.”
Ricardo Tormo experien-
ced extensive damage after DANA struck, and the town of Cheste was also one of the worst areas hit. The tickets for the MotoGP World Final have been a sell-out, but now many fans are faced with a big dilemma. They have two options. Those who have already purchased tickets can either change all their travel plans and pay additional costs to reach Barcelona or they can take the option being offered and defer their tickets to the MotoGP final in 2025.