Issuu

THE BEST FINANCE NEWS ON PAGES 12 - 16 Issue No. 1926

2 - 8 June 2022

AXARQUIA - COSTA TROPICAL • EUROWEEKLYNEWS.COM

FREE • GRATIS

Laura Kemp ON Wednesday, May 25, Torrox lighthouse was the location for a yoga session with Monika Jyoti Krabac of Yoga Vidya Torrox Costa and some of the lovely par‐ ticipants from Miss RNB Es‐ pana, who spent a week in Torrox prior to the contest on Saturday, May 29. Monika, lead yoga teach‐ er at her yoga centre Yoga Vidya Torrox Costa, guided these beautiful young ladies, who are represent‐ ing their various regions from all over Spain, through some simple yoga techniques on the balcony overlooking the lighthouse (Faro). Another group of girls participating in Miss RNB Espana walked through El Morche and visited the Vi‐ va Cristina flower shop where they were present‐ ed with a beautiful rose. They also made a stop at the Alsara supermarket for some fruit and water. A third group, after get‐ ting to know the motorcy‐ cles of the new rental com‐ pany ‘Rent your e‐scooter’,

Image - Ayuntamiento de Torrox

Rincon is offering families fun and educational activities for World Environment Day.

World Environment Day

Monika Jyoti Krabac of Yoga Vidya Torrox Costa and some of the participants from Miss RNB Espana.

enjoyed the best local products cooked in Restau‐ rante Magon. This was a great event for the historic town of Torrox, with the mayor saying that the event will be “A showcase to the whole world making local commerce, our culture and history known” as the par‐ ticipants share images and videos on their huge social

media platforms. Monika said of the yoga session at the lighthouse in Faro: “It was a great event and all of the girls were re‐ ally enthusiastic, it was an exciting event to be a part of! I wish all of the girls the best of luck in the competi‐ tion. “‘Yoga makes you happy’ is the motto of Yoga Vidya Torrox Costa, on Avenida

America. Yoga gives us en‐ ergy and strengthens the psyche and the body. Any‐ one is welcome to our classes and ayurvedic treatments at our Ayurve‐ da Oasis.” Telephone: 644 597 353 Email: ayurvedayogator rox@gmail.com Website: www.ayurve da‐yoga‐health.com

Beach clear up operation Tamsin Brown T H E Malaga Provincial Council has completed four clean‐up campaigns on beaches as part of its Zero Waste, Zero Plastics programme, and 890 kilos of waste were removed from the coast. In Manilva, 96.5 kilos were collected, including 69 kilos of recyclable plas‐

Image: Pixabay

MISS RNB IN TORROX

tics; 10 kilos of glass; five kilos of nets; two kilos of metal and 10.5 kilos of other materials. In Bena‐ jarafe, 333 kilos were col‐ lected, with 25.2 kilos of recyclable packaging; 4.7 kilos of glass and 303.1 ki‐ los of miscellaneous waste. At Sacaba Beach in Malaga, 402.5 kilos of waste were collected, with 118 kilos of glass;

Image: Malaga Provincial Council

A total of 890 kilos of waste has been removed from the beaches of Malaga.

81.5 kilos of recyclable packaging; four kilos of cardboard and 199 kilos of miscellaneous waste. In Nerja, 58.2 kilos were collected, with 2.5 kilos of metal; two kilos of recyclable plastics, one kilo of glass and 53.2 kilos of building rubble.

Tamsin Brown RINCON DE LA VICTORIA will be commemorating the Unit‐ ed Nations’ World Environment Day with a family treasure hunt in the children’s area of the Huerta Julián Park on Sun‐ day, June 5. The day’s activities will begin at 11am and will fin‐ ish at 2pm. There will be a fun environmental treasure hunt with lots of tests and games designed to teach children and their families all about the importance of protecting the envi‐ ronment and saving water in the face of problems such as drought and desertification. Participants will do brain teasers, decipher hidden mes‐ sages in recycled bottles and write with their feet. Each group of participants will be given a map of the park with the loca‐ tions of the different tests. Each time they complete one, the map will be signed and they will be given a clue about the next test. The first team to complete all the tests will win a prize. To take part, it is necessary to register in advance at https://www.programa‐educacion‐medioambiental.com/.

2 EWN

euroweeklynews.com

2 - 8 June 2022

Young athletes visit Nerja Tamsin Brown T H E mayor of Ner‐ ja, José Alberto Armijo, and the councillor for Sports, Daniel Ri‐ vas, welcomed the Swedish national junior badminton team to the town hall on May 27. The team is training at Nerja’s Enrique Lopez Cuenca Sports Complex in prepa‐ ration for the next Badminton World Junior Champi‐ onships, to be held in October in Santander. Armijo thanked the athletes and their technical team for their commitment to Nerja and ex‐ pressed his wish for them to enjoy the experience of

Image: Nerja Town Hall

Sweden’s national junior badminton team will be training in Nerja.

practising bad‐ minton at a first‐ class facility with great weather. “At the town hall, we are very committed to sports. We believe that it is the best way to help young people and to have a society ed‐ ucated in values,” said the mayor to the Swedish team. The young ath‐ letes, aged be‐

tween 17 and 19, are training in the town through the programme ‘Nerja, Sport and Tourism’ which aims to attract athletes and teams by offering the use of munici‐ pal sports facili‐ ties and helping with accommoda‐ tion. They will also have some train‐ ing sessions on the beaches of Nerja.

NEWS

A new home BIBI’S adoption has been finalised! You may recall her sad story from ear‐ lier in the year when her owner of 10 years died. A foster home was found for her, but it did not work out due to a personality conflict with the other dog that already lived there. A neighbour of the deceased gentle‐ man contacted Costa Animal Society (CAS) and Bibi was placed in kennels until another solution could be found. A couple of weeks later, after seeing Bibi’s story on Facebook, a lovely woman from La Herradura decided to give her a chance even though she has two male dogs and a few cats. Fortunately, this lovely woman has had many years of experience as a pet owner and after proper socialisation and training, Bibi soon found her place amongst the pack. In May, Bibi officially became a per‐ manent part of the family when her chip was officially changed.

Bibi is now settled in her new home.

Puerto de la Ragua hike Image: Almuñecar Town Hall

Around 20 hikers participated in the walk in the area of Puerto de la Ragua.

O N Sunday, May 22, about 20 hikers from Al‐ muñecar enjoyed a mag‐ nificent day out in the area of Puerto de la Ragua, in the northern part of the Sierra Nevada Park. The hike was organ‐ ised by the department of

Sports of the Almuñecar Town Hall. The medium‐difficulty route was about 15 kilo‐ metres in total and lasted approximately six hours. The hikers enjoyed the beautiful spring landscape and the good weather as they walked through the forests and of the Sierra Nevada National Park. The next hike offered by the Department of Sports (AMD) will be the last one before the summer break, on Sunday June 5. The ‘Sil‐ leta de Padul’ hiking trail takes approximately six hours and is of medium difficulty. It is in the south‐ ern part of the Sierra Nevada Natural Park and runs along the paths that were built for the planting of pine trees. Those interested can call 958 883 142 for infor‐ mation and register as soon as possible at the Municipal Department of Sports, located in the Francisco Bonet Municipal Stadium.

NEWS

euroweeklynews.com

NIBS EXTRA Tourism adverts MORE than 30 10‐second advertising spots on the TV channels Telecinco and Cua‐ tro were dedicated to pro‐ moting the tourist destina‐ tion of Almuñecar and La Herradura on May 29 and 30. The campaign was part of the collaboration with the online operator Destinia. com to encourage bookings from tourists.

Painting works THE colourful and vibrant painting exhibition ‘Reflejos de la Vida’ is not to be missed. The English artists Christina Hallett and Elspeth Jenkins are exhibiting their works at Calle Real 98, Frig‐ iliana, until June 15. Open Thursday to Sunday 11am ‐ 2pm and in the evenings by appointment (654 186 266 or 722 252 077).

Pest control THE Health Department of the Nerja Town Hall has be‐ gun a new insect and rodent control campaign in prepa‐ ration for summer. The work will last approximately one month, will be under‐ taken at night to avoid in‐ convenience to the public and will cover the town cen‐ tre, beaches, urban areas and industrial areas.

Better beaches THE Velez‐Malaga Depart‐ ment of Beaches continues to work to improve the en‐ tire coastline following the strong storm in March. Re‐ cent improvements include sand replacements, the ren‐ ovation of a playground with new equipment for children aged two to 12, two new changing rooms and new concrete walk‐ ways.

5-mins silence THE mayor of Almuñecar, Trinidad Herrera, led a five‐ minute silence outside the town hall on Wednesday, May 25, in memory of the victims of gender‐based vio‐ lence. She was joined by representatives of local groups and the Red Cross.

2 - 8 June 2022

Excursion to Guadix Tamsin Brown ON Thursday, June 23, Lux Mundi Torre del Mar would be pleased to be joined on their excursion to Guadix, a city and municipality in the province of Granada that lies in the northern foothills of the Sierra Nevada. There will be a guided tour of the city which will include the cathedral and its museum, the outside walls of the town and the Roman theatre (from the viewpoint). There will then be a ride on the tourist train to the area of the cave houses, one of which will be visited, along with the hermitage church and the interpretation centre of the caves. These are all included in the ticket price of €33 (€30 with a Friend of Lux Mundi card 30). For more details about the trip and departure times, call 952 543 334, email lux

Image: Guadix Town Hall

mundi@lux-mundi.org or visit http://luxmundi.org/. Lux Mundi is also continuing its regular activities, with Spanish practice groups (limited spaces) from Monday to Thursday, Craft Group on Mondays, Art Group on Wednesdays and coffee morning every Friday.

Image: Torrox Town Hall

The town of Torrox has two upcoming nighttime astronomical hiking trails.

conjunction of Venus and Mercury. The remaining excur‐

sions, set for August 13 (Perseids meteor shower) and Septem‐ ber 3 (waxing harvest moon), will take place in the old town, the area of El Peñoncillo and the beach of Las Dunas in La Carraca. There will be a special‐ ist to explain the astro‐ nomical observations. The price is €5 for the general public, while it will be free for members of the De‐ partment of Sports and the Tiempo Sub association. To register, call 952 539 927 or email de portes@torrox.es.

Free UMA summer courses VELEZ-MALAGA has once again been selected as one of the venues that will host this year’s summer courses offered by the University of Malaga (UMA). The programme includes a lecture from the former vice president of Spain, Alfonso Guerra, in which he will honour the life, work and memory of the influential Spanish poet and playwright, Miguel Hernandez. This was explained by the mayor of Velez‐Malaga, Antonio Moreno Ferrer, at the provincial presentation of the summer courses at the Rectorate of the

Sustainable transport projects

Lux Mundi Torre del Mar invites you to visit Guadix with them.

Night-time hiking trails NOW that the good weather is here, the Department of Sports of the Torrox Town Hall Sports has organ‐ ised, with the collabo‐ ration of the associa‐ tion Tiempo Sub, three night‐time astronomi‐ cal hiking excursions. The councillor for Sports, José Manuel Fernández, and the technical secretary of Tiempo Sub, Pepe Pérez, announced the three hiking excur‐ sions on May 27. The first excursion took place on Saturday May 28 and allowed walkers to observe the

EWN

UMA. Those interested can now register for the courses through www.fguma.es. The summer courses, to take place from July 5 to 8, are being held for the 20th year running, coinciding with the 50th anniversary of the University of Malaga. The training programmes are offered free of charge to all citizens who wish to learn, with no requirements re‐ garding age or origin. Other programmes include a course on the local cultivation of vineyards and the winemaking process and a course dedicated to mental health.

Image: Hombre1896, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons

The government is investing €21.22 million in sustainable transport in Malaga.

ON Friday May 27, the Ministry of Transport, Mobility and the Urban Agenda (Mitma) of the Spanish gov‐ ernment approved the allocation of aid to municipali‐ ties for the implementation of low‐emission zones and sustainable public transport projects. This is part of the government’s Recovery, Transfor‐ mation and Resilience Plan for sustainable transport in urban and metropolitan environments. The plan in‐ volves an investment of €21.22 million in seven towns in the province of Malaga. The seven municipalities that will benefit from this aid are Malaga (€10,205,555), Nerja (€492,202), Benalmadena (€2,880,000), Estepona (€1,537,678), Velez‐Malaga (€3,706,207), Torremolinos (€1,978,833.) and Fuengirola (€426,000). The sub‐delegate of the national government in Malaga, Javier Salas, said: “The government will ad‐ vance 67.4 per cent of the subsidy to the municipali‐ ties this summer and the rest will be delivered from January 2023. “The municipalities will have until December 2024 to implement the projects.” In Nerja, the funds will go towards the implementa‐ tion of bicycle lanes, and in Velez‐Malaga, they will be used for the rehabilitation of the tram line.

and finally... AS of Saturday May 28, the beaches of Nerja and Maro have a lifeguard service. The service has been put into place more than a week earlier than it was last year, and 20 days before the start of the bathing season. The announcement was made by the councillors for Human Resources, Ángela Díaz, and Beaches, María del Carmen López, who said: “We are imple‐ menting this lifeguard service earlier in response to the increase in visitors that we have seen as a result of the tourism recovery and the good weather we are having.” They also highlighted that the aim of the munici‐ pal government is for both residents and visitors to enjoy the local beaches as safely as possible. The service will be made up of a total of 41 peo‐ ple, including 38 beach lifeguards, one coordinator and two boat skippers, and will remain in place un‐ til September 25.

FOR MORE NEWS STORIES euroweeklynews.com

4 EWN

euroweeklynews.com

2 - 8 June 2022

Painting and poetry Tamsin Brown VELEZ-MALAGA is holding a new edition of the traditional competition ‘Arte a Campo Abierto’ (Open‐Field Art) in Los Pepones. There are cate‐ gories for painting and poetry. Works can be submitted until July 20, as explained by the councillor for Culture, Cynthia García, on Tuesday May 24. García said that the compe‐ tition “aims to motivate citi‐ zens to value their creative tal‐ ent while at the same time paying a well‐deserved trib‐ ute to the workers of the

countryside and their customs and traditions.” The councillor also wished to “encourage all fans of painting and writing, as well as artists, to partici‐ pate in this national competi‐ tion, which has even greater prizes this year.” In the painting category, the theme will be still life paintings using fruit from the Axarquia region. In the poetry category, the theme must be related to the rural world. The full details can be seen on the town hall website at velez‐ malaga.es.

Forest fire training day THE Civil Protection Group of Almuñecar attended a training day on how to re‐ spond in the event of forest fires, according to the local coordinator, Cecilio Fajardo, on Tuesday May 24. The session was held at the Forestry Defence Cen‐ tre (CEDEFO) in La Resinera, located in the municipality of Arenas del Rey, and was aimed at the Local Rapid Aid Groups (Civil Protection Volunteers).

The programme began with a talk on the coordina‐ tion between the emergen‐ cy services in the face of a forest fire, followed by a discussion on aerial re‐ sources. The participants were re‐ minded of the aims and ac‐ tions of the Local Rapid As‐ sistance Groups (GLPA) and took part in a practical training activity and a visit to the INFOCA Meteorology Unit (UMMT).

NEWS

Healthy living workshops THE local branch of the Spanish Red Cross in Nerja, with the collaboration of the town hall, has launched a new initiative aimed at promoting healthy eating habits among young peo‐ ple in the municipality. This was announced on May 25 by the councillors for Health and Education, Javier Rodríguez and Gema Laguna, together with the local delegate of the Span‐ ish Red Cross, Damián To‐ boso, and the technician, Elena Cerezo. The initiative will take place at El Chaparil Sec‐ ondary School and Sierra Almijara Secondary Schools. Pupils will be given educational workshops on the importance of good nu‐ trition and healthy living as well as the consequences associated with bad habits. The activity also aims to raise awareness among young people about the negative effects of social media and how it influ‐ ences the concept of beau‐ ty, with an emphasis on self‐acceptance.

NEWS

euroweeklynews.com

2 - 8 June 2022

Choir’s 35th anniversary

Tamsin Brown T H E Coro Ciudad de Al‐ muñecar celebrated its 35th anniversary with a special concert directed by Eusebio Pita Venegas at the auditorium of the Casa de la Cultura in Al‐ muñecar. It was a beautiful musi‐ cal programme performed by almost 30 female and 13 male voices. Some of the singers have been part of the choir for the last three decades, and there are members of eight dif‐ ferent nationalities. At the end of the con‐ cert, the director and presi‐ dent of the choir were pre‐ sented with mementoes of the anniversary, to the ap‐ plause of the audience. The Almuñecar choir has performed on many occa‐ sions locally, regionally, na‐ tionally and international‐ ly. Highlights include con‐ cert tours in Germany and Canada and participation in international choral fes‐

Image: Almuñecar Town Hall

SPECIAL CONCERNT: The Almuñecar Choir, founded in 1987, recently celebrated its 35th anniversary.

tivals in Vienna and the south of France in the

1990s, under the direction of Antonio Peralta.

Support for carers Tamsin Brown THE town hall of Velez‐Malaga has launched the programme ‘Family Respite and Rehabilitation’ in order to support carers with elderly people who are dependent on them due to rea‐ sons of illness, hospitalisation, emergencies or other circum‐ stances. Dependent elderly people will be offered temporary stays at the homes for the elderly that are participating in the pro‐ gramme. Applicants are eligible for a subsidised, extendable stay of between 15 days and two months. The announce‐ ment was made by the mayor of Velez‐Malaga, Antonio Moreno Ferrer, on Thursday May 26. Moreno Ferrer highlighted “the intense but underappreci‐ ated work that carers of dependent family members do qui‐ etly 365 days a year, 24 hours a day, which makes it difficult for them to even carry out daily tasks,” and said that the initia‐ tive is “very necessary for preventing situations of family stress and extreme fatigue.”

EWN

6 EWN

euroweeklynews.com

2 - 8 June 2022

NEWS

EXPLAINER: The new ‘visa waivers’ for UK nationals PeterMcLaren‐Kennedy THE European Union has an‐ nounced British travellers will need a ‘visa waiver’ to visit any one of the bloc’s 27 countries from 2023. The latest information, re‐ leased on Saturday, May 28, confirms that all non‐EU resi‐ dents will require a visa to visit the EU. Some countries howev‐ er, like the UK, will not require a visa but will have to apply for a waiver, the European Travel In‐ formation and Authorisation System (ETIAS), instead. But for those who enjoyed free access before, the question remains why a ‘visa waiver’. Brexit cancelled free move‐ ment Leaving the EU meant British nationals lost the freedom of movement they enjoyed be‐ fore Brexit, and that’s where the ‘visa waiver’ comes in. British nationals are not sub‐ ject to the visa requirements that many other non‐EU coun‐ tries are, but there is still is ac‐

VISA WAIVER: Required to visit the bloc’s 27 countries.

cording to the EU, the need to manage visits ensuring that these are within the rules. Border security For some time the EU has wanted to secure its borders, ensuring a common approach to the admittance of visitors, migrants and immigrants. In the past not all countries ap‐ plied the rules in the same way, with some member countries having allowed non‐residents to gain a foothold in the EU ‘ille‐ gally’, often conducting criminal activities from their new resi‐ dence. Introducing the European Travel Information and Authori‐

sation System (ETIAS) across the whole of the EU will mean that security checks are under‐ taken before the person is al‐ lowed to visit the EU. How long The ETIAS will cover short stays in Europe up to 90 days. It will not replace the need to ap‐ ply for residency or comply with local laws if intending to stay in an EU country longer. Costs The new visa waiver will cost €7 per person aged between 18 and 70 and will be free for over 70s. Full details are available on the Schengen Visa site.

euroweeklynews.com

Posh dining LOCATED on the island of Ibiza, in the Hard Rock Hotel, the Sub‐ limotion restaurant is reopening its doors on Wednesday, June 1. The gastronomic avant‐garde and techno‐ logical innovation cre‐ ates a total emotional experience which is amazing and unique. The restaurant is a dream that has come true for award‐winning chef Paco Roncero. He holds Two Michelin stars, three Repsol soles and was the winner of the National Gastrono‐ my Award in 2006. The restaurant has a single table with seating for 12 diners and the owner said it’s dining at its most surreal, it’s fu‐ turistic, and thought‐ provoking. This one‐of‐a‐kind es‐ tablishment pushes the

dining experience in bold new directions by combining food, art, and illusionism into a novel, revolutionary concept that ventures far be‐ yond the palate. With its own musical menu, choreographed service to match, and groundbreaking tech‐ nology to awaken your senses one bite at a time, a meal there is anything but ordinary. During the theatrical gastronomic show, the lucky diners feast on avant‐garde cuisine in a high‐tech, interactive space called ‘capsule’, which serves as a blank canvas ready to be transformed into almost anything imaginable. With a whopping price tag of €1,860 per person you would ex‐ pect it to be all they claim it to be.

2 - 8 June 2022

Bird of prey rescued Chris King SEVERAL rescues of birds of prey have been carried out after they suffered attacks in Gibraltar, and the Cadiz mu‐ nicipality of La Linea. The birds ‐ griffon vultures and eagles ‐ were all be‐ lieved to have suffered wounds from various at‐ tacks by seagulls and pere‐ grine falcons. In La Linea, workers from the municipal delegation of Parks and Gardens, led by councillor Raquel Ñeco, res‐ cued a short‐toed eagle on the eastern coast at the end of May, while it was being attacked by several hawks. The bird was guarded un‐ til the arrival of volunteers from the Centre for the Re‐ covery of Endangered Species (CREA), who took charge of its well‐being. This is not the first time that the Parks and Gardens Department has acted to save the lives of animals in different areas of the

Yes means yes law Peter McLaren‐Kennedy SPAIN’S minister of Equality said on Friday, May 27 that the green light had been given to the “only yes means yes” law. The minister, Irene Montero, told Spanish media: “I am very proud of what we have achieved. Today, the feminist movement is making history again. We owed it to each of the victims.” She added: “Spain is, from today, a freer and safer country for all women.”

EWN

Not all members of Congress were in favour of the legislation with 201 voting in favour, three abstaining and 140 voting against. The legislation will now go to the Senate for a final vote before being signed in‐ to law. According to the minister, the new legisla‐ tion embraces two key points. The first is the need for express consent and the second the elimination of the distinction between abuse and sexual assault.

Linense coastline. One no‐ table intervention occurred two years ago when they lo‐ cated an adult eagle owl in the Venta Salvador area. It had one of its wings dam‐ aged, probably due to a blow, and was missing an eye with a healed wound.

7 Credit: Twitter@RGPolice

NEWS

One of the birds rescued by Royal Gibraltar Police.

8 EWN

2 - 8 June 2022

euroweeklynews.com

Making history:

70 years of the reigning Queen Laura Kemp HM QUEEN ELIZABETH II has ruled for longer than any other monarch in British history and has become a respected figure around the world. Her incredible reign has seen her travel across the globe more than any other monarch with many historic and im‐ portant overseas visits. Her Majesty has been an important figurehead for the UK and the com‐ monwealth during times of social change and is known and respect‐ ed for her devotion to a life of service. Her charities and patron‐ ages cover many im‐ portant issues, from the preservation of wildlife and the environment to op‐ portunities for young people. The monarch until recently still carried out a full programme of important engagements, be it visits to schools or charities, hosting visitors or leading the nation in cele‐ bratory events. She does this with the full support of other members

of the Royal Family. The British public has seen Her Majesty carry out all of these duties as well as raising her four children, welcoming grandchildren, and now great‐grandchildren into the Royal Family. This year on February 6, The Queen became the first monarch to celebrate a Platinum Jubilee and the world will celebrate the outstanding achieve‐ ment from June 2 to June 5 this year.

FEATURE

Where to watch

FOR the Queen’s Platinum Ju‐ bilee this year, there will be a four‐day bank holiday weekend from Thursday June 2 to Sunday June 5, meaning Brits will be giv‐ en two days off work to cele‐ brate! So, what Jubilee celebra‐ tions will be broadcast on TV? On Thursday, June 2, The Queen’s Platinum Jubilee: Troop‐ ing the Colour will see The Queen’s Birthday Parade shown live on BBC One at 10am. During the ceremony, the public can watch the event via large screens set up in St James’ Park, as well as watching the spectacle live on the BBC and Sky ‐ not just in the UK but overseas too. A Service of Thanksgiving for The Queen’s reign will be held at St Paul’s Cathedral on Friday, June 3, broadcast live in BBC One at 9.15am. On Saturday, June 4, celebra‐ tions begin at the races as The Queen and other members of the Royal Family attend The Der‐ by at Epsom Downs, which will be broadcast on ITV. The celebra‐ tions then continue into the night with the Platinum Party at the Palace broadcast live on BBC One. On Sunday, June 5, many members of the public will be celebrating in their own ways with parties and lunches, BBC One will also be showing cover‐ age of The Platinum Jubilee Pageant.

Queen Elizabeth has ruled for longer than any other monarch in British history.

Host your own Jubilee party Jubilee celebrations

WHAT better way to celebrate the Queen’s Platinum Jubilee than holding your own party? You can purchase a range of Union Jack items such as flags, cups, plates, table cloths and bunting from many shops to decorate your party. If you don’t want to use Union Jack’s, why not colour code your party using red, white and blue. For food, include some classics to add more of a patriotic flavour such as coronation chicken, cucumber sandwiches, smoked salmon and cream cheese or mini fish and chips. For dessert, try your hand at a Union Jack topped cake or cheesecake decorated with seasonal fruits ‐ this also makes a great centrepiece. For refreshments, opt for summer classics such as Pimms and lemonade or a gin and Dubonnet punch based on the Queen’s favourite tipple. For non‐alco‐ holic options, consider iced tea or cucumber and el‐ derflower fizz. No Great British tea party is complete without a refreshing afternoon brew to finish off the pro‐ ceedings. Use China teapots, cups and saucers for a real British feel!

1) Lux Mundi Torre del Mar: Friday, June 3, 11am ‐ 1pm. Special coffee morning to celebrate the Jubilee of Queen Elizabeth II. Toast with cava from 12.00pm. More information: http://lux‐mundi.org/en/. 2) Costa Animal Society: Jubilee Afternoon Tea on Sunday, June 5, from 3pm. Extremely popular event that sells out quickly. Book on 643 515 428. 3) Bar Los Amigos Torrox: Saturday, June 4, from 2.30pm. With live music from Laura Killeney and a barbecue at 5pm. More information: https://www.face book.com/barlosamigos.torrox. 4) Club Internacional de Nerja: afternoon tea on June 4 from 2.30pm. Free glass of cava plus tea, sandwiches and home‐made cake. Tickets (€8) available at the booking desk from 11am to 1pm on Tues‐ day, Thursday and Saturday. More information: https://www.facebook.com/CIDNERJA/. 5) La Raqueta Market Nerja: Street party‐themed market on June 4, 10am ‐ 2pm. Offering scones with jam and cream, sandwiches and tea or coffee. Reser‐ vations recommended (+34 603 113 931). More in‐ formation: https://www.facebook.com/LaRaque taArtisanMarket/.

NEWS

euroweeklynews.com

2 - 8 June 2022

Double transplant success Peter McLaren‐Kennedy UK doctors have success‐ fully performed the world’s first double hand transplant on a patient suffering from systemic sclerosis, an autoimmune disease that causes tight‐ ening of the skin. Announced on Friday May 27, the transplant was performed five months ago in a 12‐hour operation at the Leeds Teaching Hospitals NHS

Trust. Roof tiler Steven Gallagher, 48, from Ayr‐ shire in southwest Scot‐ land, is now pain free. Whilst hand transplants are complex, they are be‐ coming more common‐ place. This operation was however the first to deal with a patient suffering from systemic sclerosis which causes hardening and tightening of the skin. The condition is accord‐ ing to the NHS: “Caused

by the immune system at‐ tacking the connective tis‐ sue under the skin and around internal organs and blood vessels. This causes scarring and thick‐ ening of the tissue in these areas. “In systemic sclerosis, internal organs can be af‐ fected as well as the skin. This type mostly affects women and usually devel‐ ops between 30 and 50 years of age.”

Danny Dyer quits

Chris King AFTER four series hosting the BBC quiz ‘The Wall’, Danny Dyer has reportedly quit the show. On Thursday, May 26, it was announced that 44‐year‐old Dyer would be walking away from the show. The former EastEnders star has fronted the show since 2019, ably assisted by Angela Rip‐ pon in her role as the question master. Asked by one publication if he would be fronting the next series of the quiz, he re‐

sponded ‘No’. While the show is off the air, the BBC has been encouraging fans to watch old episodes online. It added: “Plus there are plenty of other great quiz and game shows currently airing on Saturday nights on BBC One, including The Weakest Link, Celebrity Catchpoint, and Pointless Celebrities amongst others.” Dyer has already confirmed that he has an‐ other hosting job lined up, teaming up with comedian Ellie Taylor on the new Netflix game show called ‘Cheat’.

EWN

10 EWN

euroweeklynews.com

2 - 8 June 2022

Western Europe

DAVID WORBOYS

THINKING ALOUD WESTERN EUROPE has recently had its eco‐ nomic and social challenges but it has been a great part of the world to live in during my life‐ time. In a relatively small area, there is enor‐ mous variety in climate, topography, natural resources and scenery. France and Spain alone seem like several countries rolled into one. The green and prosperous Basque Country con‐ trasts strongly with the lazy heat of Andalucia. Likewise, rugged Brittany with glamorous Provence. From Uppsala to Porto, there are differences in language, temperament and physical appearance whilst cultural variety is reflected in the architecture, infrastructure and social and political maturity. The great historical cities of Sevilla, Cordoba, Rome and Florence contrast with the attrac‐ tive modern ones like Munich, Malaga and Stockholm ‐ all totally different. Western European art, philosophy and sci‐ ence reached the zenith with the works of Beethoven, Shakespeare and Leonardo; New‐ ton, Einstein and Freud. Medicine was revolu‐

tionised by Pasteur, Fleming and Rontken. Darwin and Alfred Russel‐Wallace discovered the origin of species. The telephone was invented by Meucci, the radio by Marconi, and the world‐wide‐web by Berners‐Lee. From the printing press of Guten‐ berg to the discovery of DNA, our continent has shown the way. The Aston Martin, Ferrari and Porsche, the Bentley and BMW are cars preferred by the well‐off and successful every‐ where. French and Italian cuisines, as well as fashion, are recognised as among the best in the world, while. the six greatest classical com‐ posers are arguably either German or Austrian (Bach, Haydn, Mozart, Beethoven, Schubert and Brahms). And what about the great West‐ ern European explorers? Marco Polo opened up Asia to Europeans, paving the way for Columbus (the Americas), Vasco da Gama (In‐ dia), Magellan (the Malay Archipelago) and Cook (Australasia). Over the centuries the achievements originating from this part of the world have been staggering.

For more from our columnists please scan this QR Code

David Worboys’s opinions are his own and are not necessarily representative of those of the publishers, advertisers or sponsors.

EUROPEAN PRESS

EUROPEAN PRESS DENMARK

FINLAND

Going Green

Oh deer

IN April, the Danish Minister for Food, Agriculture & Fisheries, Rasmus Prehn, arrived at his first meeting in Washington DC by bike and in the latter part of May, following his lead, 20 selected Danish embassies are showing how easy it is to go green.

THE white-tailed deer is an invader which arrived in Finland from the USA in the 1930s and there are an estimated 109,000 in the country, running wild, causing accidents and damaging crops so the Association for Nature Conservation wants them listed as a harmful invasive species.

THE NETHERLANDS

IRELAND

Airport queues

Irish recognised

SCHIPHOL airport has admitted that it is currently extremely busy due to a shortage of staff and as a result, there are very long queues at the airport and this situation may last for several months. Passengers are even advised to bring water with them to drink whilst queueing.

IRISH is due to become an officially recognised language in Northern Ireland and in the courts there, following the passing of legislation in the UK parliament, but whilst welcoming the decision, campaigners don’t know how the law will be implemented with no working Assembly.

BELGIUM

ITALY

Chat checkout

Boss is back

DUTCH supermarket Jumbo has announced that it is introducing its first chat checkout lane in its Antwerp store in Belgium which is apparently popular with customers who may be lonely and enjoy a chat as they pack their groceries before paying for them.

THE Circus Maximus in Rome will be one of three Italian venues in 2023 to welcome Bruce Springsteen and The E Street Band which has reformed since their last world tour came to an end in 2017. Other Italian venues will be Ferrara and Monza.

GERMANY

PORTUGAL

Helping Namibia

Praise indeed

AS Germany looks to escape from the clutches of Russian gas, its former colony in southern Africa, Namibia is making a play to produce cheap green hydrogen thanks to a promise of €40 million from the German government as well as using wind power to export electricity.

DESPITE the apparent difficulty in attracting teachers to work in Portuguese schools, a UNESCO educational specialist Amapola Alama told a meeting of 800 educationalists that Portugal’s education system is “the Rolls Royce” of the world and rates in the top 40 in the realm of education.

FRANCE

UKRAINE

Mummy’s curse

High hopes

FORMER director of the Louvre Museum, Jean-Luc Martinez, has been accused of turning a blind eye to alleged fake certificates of origin for five Ancient Egyptian artifacts purchased in Abu Dhabi for €8 million. It is thought that they were smuggled out of Egypt during the ‘Arab Spring’ uprisings.

THE owner of the Azovstal steel plant in Mariupol Rinat Akhmetov who is said to be Ukraine’s richest man has announced that he plans to sue the Russian government for between $17 billion and $20 billion to compensate him for losses caused by the bombardment of the city.

NORWAY

SWEDEN

Passport chaos

Abbatars unveiled

NORWAY is experiencing significant delays in issuing new passports partly due to the fact that the supply chain problems mean that French company Thales which produces Norwegian passports is facing serious shortages of the special paper and components needed to ensure their security features.

EVER popular money-making machine ABBA keeps coining it in and their special Voyage show which includes two new songs from the album is now open at the purpose-built 3,000-seat ABBA Arena in London’s Queen Elizabeth Olympic Park with advance ticket sales of 380,000.

FINANCE BUSINESS EXTRA Closer to China

euroweeklynews.com • 2 - 8 June 2022

is the amount that an arm of the Mexican government has STAT OF fined Iberdrola Energía Monterrey, a subsidiary of the WEEK €435 million Spanish energy company, for breach of a sales agreement.

UK pensioners in Spain Credit: Bank of Spain

SPEAKING to China’s Xinhua news agency, Eduardo Irastorza from the OBS Business School in Barcelona said that the European Union should become closer to China in economic terms as “Europe competes with quality but not quantity, and this is the competitive advantage.”

New industry

High street loss DISMAYED by the way many UK councils have let high streets less popular, Marks and Spencer has an‐ nounced it plans to close a further 32 stores, seeing 110 disappear and fu‐ ture openings will be outside towns in newer buildings and easy parking.

No embargo ALTHOUGH new laws allow the Spanish Tax Office to embargo sav‐ ings, it is no longer able to seize mon‐ ey earned monthly to the equivalent of the minimum interprofessional gross salary which equates to €14,000 per annum which will en‐ sure that those with tax arrears will still have some funds.

EU lottery THE Centre for Economic Policy Re‐ search (CEPR) was founded in 1983 to enhance the quality of economic policy‐making within Europe and be‐ yond. Its online portal VOX EU pub‐ lishes theories put forward by some of its 1,600 economic research fel‐ lows uses the success of El Gordo, the Spanish Christmas lottery as an example of outside the box thinking. It argues that as countries attempt to refinance their economies follow‐ ing the financial assistance they had to give to consumers and companies during the pandemic, a European Union run lottery could generate sig‐ nificant income for member states.

Chancellor Rishi Sunak with Money Expert Martin Lewis.

AFTER weeks of delay, the UK Chancellor, Rishi Sunak announced support for those most affected by the rise in the cost of living with payments for lower income house‐ holds, pensioners and the disabled. Making the announcement in the Commons on Thursday May 26, he said: “Over eight million house‐ holds already have income low enough for the state to be support‐ ing their cost of living through the welfare system. “Right now, they face incredibly difficult choices, so I can announce today we will send directly to

around eight million of the lowest income households a one‐off cost‐ of‐living payment of £650 (€765), support worth over £5 billion (€5.87 billion) to give vulnerable people certainty that we are stand‐ ing by them at this challenging time. “DWP (Department for Work and Pensions) will make the payment in two lump sums, the first from July, the second in autumn, with pay‐ ments from HMRC for those on tax credits following shortly after.” It is understood that payment will be made directly into the bank

accounts of those who qualify, with additional support of £300 (€352) being provided to pensioners and £150 (€176) to the disabled. As the pensioner’s payment is to be made at the same time as the Winter Fuel Payment which means it unlikely that those resident in Spain without a UK property will re‐ ceive any financial support. In something of a U‐turn, the chancellor announced a temporary windfall tax on oil and gas giants but said it would include a “new in‐ vestment allowance” to incentivise the reinvestment of profits.

Children’s clothes rental IN January 2022 Charlotte Morley made Dragons’ Den history by dou‐ bling the amount of investment that she had asked for. The creator of Little Loop, a chil‐ dren’s clothes rental company had originally asked for £70,000 for a 7.5 per cent stake, but eventually walked away with £140,000 invest‐ ed jointly by Deborah Meaden and Steven Bartlett who now own 25 per cent of the company. According to the budding en‐ trepreneur, “Like most parents I was stuck in a rut of hand‐me‐downs supplemented by buying new, with no good solution for getting rid of clothes once my smallest had out‐

FINANCE

Credit: La Moncloa

ECONOMY MINISTER Nadia Calvino has confirmed the Spanish govern‐ ment is to increase its financial com‐ mitment to funding a new semicon‐ ductor and microchip industry to €12.25 billion mainly from European Recovery Fund money, an increase of €1.25 billion, much of which will be spent on plant.

Charlotte Morley and Deborah Meaden.

grown them. “The hand‐me‐downs were great but never enough, and often not to my (or my daughter’s taste). Buying new wasn’t enjoyable ‐ I wanted to get ethical brands but couldn’t justi‐ fy the cost, yet felt guilty for buying from the high street because I knew

it was unsustainable and that work‐ ers were being poorly treated.” So, she came up with the idea of a club whereby parents could pur‐ chase credits on a monthly basis that would then allow them to rent clothes for the children and then re‐ turn them to swap for different styles or seasons from a very large base stock. As clothes age, so rental prices go down and once no longer wearable will be sustainably recycled in the UK. Now, Little Loop has just signed a deal with John Lewis who will be adding some 48 items to the collec‐ tion and if successful this number will be increased.

Jubilee boost THE latest figures from the New West End Company, which rep‐ resents 600 retail, restaurant, hotel and property owners across Bond Street, Oxford Street, Regent Street and May‐ fair, forecast that sales over the Jubilee weekend (June 2 to 5) will hit £80 million. This new research predicts that the four‐day bank holiday weekend is expected to draw in 2.6 million domestic and interna‐ tional visitors to the Capital, kick‐ starting the UK’s tourism recov‐ ery, as the nation prepares for its first restriction‐free summer. Despite the large turnout ex‐ pected over the Jubilee week‐ end New West End Company is turning to the Government to ask for more support to help en‐ tice overseas holidaymakers back to British shores as London has fallen behind competing destinations such as Paris and Milan.

Farmers feel deserted FARMERS in Huelva Province who produce 90 per cent of the straw‐ berries grown in Spain are angry with both the National Govern‐ ment and the Junta de Andalucia. Firstly, in early May, Minister Teresa Ribera said that “depend‐ ing so much on the cultivation of red fruits is dangerous and we must seek other alternatives,” which statement the Platform in Defence of Irrigation in the Coun‐ ty rejected. Now, the Junta de Andalucia is considering allowing expanding ir‐ rigation rights to illegal farmers operating near to the Doñana Na‐ tional Park wetlands whilst both local legal producers and experts from such bodies as the WWF, UNESCO and the EU say that too much water is being extracted al‐ ready which is harmful to the en‐ vironment.

to read more FINANCE scan this QR Code

14 EWN

euroweeklynews.com

2 - 8 June 2022

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

LONDON - FTSE 100

See our advert on previous page

C LOSING P RICES M AY 30

COMPANY PRICE(P) 3I Group 1.299,50 Abrdn 197,80 Admiral Group 2.225,0 Anglo American 3.810,0 Antofagasta 1.484,00 Ashtead Group 4.235,0 Associated British Foods 1.748,5 AstraZeneca 10.418,0 Auto Trader Group Plc 589,60 Avast 483,40 Aveva 2.298,9 Aviva 434,30 B&M European Value Retail 458,90 BAE Systems 766,00 Bank VTB DRC 0,612 Barclays 170,86 Barratt Developments 507,60 Berkeley 4.280,0 BHP Billiton Ltd 2.537,28 BP 431,93 British American Tobacco 3.504,0 British Land Company 528,60 BT Group 184,90 Bunzl 2.860,0 Burberry Group 1.687,0 Carnival 1.025,5 Centrica 77,28 Coca Cola HBC AG 1.762,5 Compass 1.803,00 CRH 3.313,2 Croda Intl 6.986,0 DCC 5.540,0 Diageo 3.698,0 DS Smith 312,00 EasyJet 535,40 Experian 2.708,3 Ferguson 9.586,0 Flutter Entertainment 9.624,0 Fresnillo 802,20 Glencore 525,80 GSK plc 1.717,80 Halma 2.296,9 Hargreaves Lansdown 852,00 Hikma Pharma 1.700,50 HSBC 528,00 IAG 135,36 Imperial Brands 1.777,50 Informa 551,00 InterContinental 4.965,0

CHANGE(P) 1.304,50 199,90 2.241,0 3.845,0 1.498,50 4.239,0 1.766,0 10.676,0 596,40 488,90 2.327,0 443,20 463,80 772,40 0,612 173,30 514,80 4.316,0 2.565,00 435,55 3.553,0 533,40 185,70 2.879,3 1.709,5 1.037,5 77,90 1.788,0 1.825,50 3.325,5 7.066,0 5.562,0 3.712,5 314,81 545,40 2.734,0 9.652,0 9.758,0 814,00 529,80 1.738,20 2.321,0 867,00 1.715,50 533,00 136,90 1.800,00 557,11 5.038,0

% CHG. 1.285,00 196,10 2.220,0 3.804,5 1.471,00 4.140,0 1.746,0 10.414,0 581,20 475,90 2.296,0 433,70 453,00 760,40 0,612 170,48 505,00 4.265,0 2.519,50 429,65 3.501,5 524,80 182,50 2.850,0 1.674,0 1.011,5 75,60 1.758,5 1.788,00 3.296,5 6.932,0 5.450,0 3.649,0 310,48 532,80 2.701,0 9.490,0 9.584,0 797,80 521,90 1.715,80 2.263,0 852,00 1.697,00 526,00 133,42 1.776,00 549,20 4.952,0

NET VOL 252,59K 851,53K 74,08K 52,83K 128,23K 166,15K 148,34K 315,50K 890,24K 630,96K 40,13K 1,96M 1,50M 1,04M 0 4,44M 704,12K 25,00K 867,78K 17,72M 1,14M 207,55K 3,11M 14,32K 147,36K 250,42K 3,89M 94,36K 895,05K 143,18K 29,34K 184,89K 538,18K 459,32K 1,50M 214,36K 76,94K 79,41K 49,90K 3,08M 2,16M 844,46K 434,99K 102,98K 4,75M 10,53M 279,87K 76,23K 73,38K

ºCOMPANY

PRICE(P)

Intermediate Capital Intertek ITV J Sainsbury Johnson Matthey Land Securities Legal & General Lloyds Banking London Stock Exchange Meggitt Melrose Industries Mondi National Grid NatWest Group Next Norilskiy Nikel ADR Ocado Persimmon Phoenix Prudential Reckitt Benckiser Relx Rentokil Rightmove Rio Tinto PLC Rolls-Royce Holdings Rosneft DRC Sage Samsung Electronics DRC Sberbank Schroders Scottish Mortgage Segro Severn Trent Shell Smith & Nephew Smiths Group Spirax-Sarco Engineering SSE St. James’s Place Standard Chartered Taylor Wimpey Tesco Tui Unilever United Utilities Vodafone Group PLC Whitbread WPP

1.618,00 4.721,0 71,14 231,86 2.159,5 777,60 263,30 45,08 7.450,0 776,20 134,65 1.554,00 1.163,50 228,80 6.607,6 1,89 927,40 2.249,0 645,40 1.046,75 6.066,0 2.296,00 511,20 597,60 5.685,3 89,04 0,60 678,20 1.356,50 0,0453 2.958,0 823,66 1.130,50 2.963,0 2.357,0 1.317,00 1.571,00 10.780,0 1.764,00 1.281,50 628,00 131,90 259,70 197,40 3.501,0 1.051,57 129,96 2.750,0 934,80

CHANGE(P)

% CHG.

NET VOL

1.638,50 4.757,0 73,10 234,60 2.185,0 784,80 267,10 45,65 7.582,0 779,40 135,00 1.576,00 1.169,00 231,70 6.708,0 1,89 944,80 2.274,0 653,00 1.048,46 6.174,0 2.303,00 514,20 610,00 5.759,0 89,92 0,60 682,20 1.361,00 0,0453 2.978,0 824,60 1.135,50 3.144,0 2.397,0 1.318,00 1.581,50 10.870,0 1.770,85 1.298,00 634,00 133,60 260,50 199,05 3.516,0 1.051,57 130,08 2.789,9 944,20

1.603,00 4.683,0 70,48 231,70 2.114,0 776,40 262,80 45,01 7.448,0 775,80 130,45 1.553,50 1.156,50 228,10 6.572,0 1,89 897,80 2.244,0 645,00 1.037,01 6.062,0 2.292,00 510,00 597,40 5.682,0 87,05 0,60 675,20 1.347,50 0,0453 2.954,0 797,00 1.123,50 2.929,1 2.348,5 1.298,00 1.555,50 10.620,0 1.750,00 1.281,00 626,40 131,65 258,90 187,85 3.471,0 1.031,88 128,42 2.743,4 928,80

211,19K 48,47K 10,06M 376,96K 21,69K 190,57K 2,96M 31,27M 64,13K 35,28K 3,79M 160,12K 930,10K 3,07M 52,34K 0 1,33M 226,65K 221,36K 125,49K 539,33K 424,51K 889,08K 445,72K 323,58K 13,94M 0 408,60K 5,39K 0 38,20K 2,67M 285,16K 170,13K 5,49M 252,35K 172,09K 13,34K 110,63K 116,90K 107,84K 4,18M 4,51M 3,49M 447,18K 84,87K 23,16M 1,12M 285,01K

1.17497

0.85229

Units per €

US dollar (USD) ........................................1.0779 Japan yen (JPY)........................................137.30 Switzerland franc (CHF) ...........................1.0332 Denmark kroner (DKK) .............................7.4390 Norway kroner (NOK) ...............................10.155

currenciesdirect.com/marbella • Tel: +34 952 906 581 THE ABOVE TABLE USES THE CURRENT INTERBANK EXCHANGE RATES, WHICH AREN’T REPRESENTATIVE OF THE RATE WE OFFER

DOW JONES C LOSING P RICES M AY 30

COMPANY 3M American Express Amgen Apple Boeing Caterpillar Chevron Cisco Coca-Cola Dow Goldman Sachs Home Depot Honeywell IBM Intel J&J JPMorgan McDonald’s Merck&Co Microsoft Nike Procter&Gamble Salesforce.com The Travelers UnitedHealth Verizon Visa A Walgreens Boots Walmart Walt Disney

PRICE 149,51 169,60 255,26 149,64 132,23 217,14 178,28 45,62 64,68 69,06 328,58 308,46 196,35 139,27 44,55 181,09 131,27 251,87 93,08 273,24 115,99 148,72 165,10 177,83 507,11 51,40 212,88 43,71 128,48 109,32

CHANGE 149,52 169,68 256,23 149,68 132,23 217,63 178,35 45,64 64,83 69,07 328,67 308,50 196,39 139,74 44,55 181,16 131,27 251,87 93,11 273,34 116,01 148,72 165,23 177,85 507,11 51,43 213,23 43,75 128,62 109,37

CHANGE% VOLUME(M) 147,87 1,71M 166,04 2,15M 250,92 2,67M 145,26 90,30M 128,32 7,16M 214,16 2,02M 175,69 10,33M 44,95 23,00M 64,14 17,67M 67,32 4,71M 323,19 2,07M 301,60 3,89M 194,04 2,24M 137,24 4,58M 43,55 30,39M 178,23 5,83M 129,14 11,08M 248,78 2,04M 91,75 9,75M 267,56 26,63M 114,01 5,03M 146,63 6,02M 160,25 7,84M 174,06 943,55K 489,39 3,34M 50,53 13,25M 209,64 4,87M 42,95 4,92M 125,31 8,32M 106,53 13,62M M - MILLION DOLLARS

NASDAQ C LOSING P RICES M AY 30

COMPANY

CHANGE NET / %

VOLUME

+133.64% +88.08% +41.91% +39.32% +38.38% +34.80% +32.55% +28.85% +26.69% +25.71% +25.48%

161.43M 20.76M 100.69M 3.05M 116.83M 47.24K 675.95K 26.00K 39.97M 1.03M 3.50M

-63.56% -53.57% -40.45% -38.46% -32.30% -31.90% -30.04% -28.89% -26.88% -26.68% -26.31%

12.06M 36.76M 15.85M 110.53M 2.73M 12.88M 319.93K 1.62M 3.99M 368.89K 268.58K

Most Advanced Avadel Pharma GTX Inc SIGA Tech Allarity Therapeutics Imperial Petroleum JE Cleantech Holdings Merus Archer Aviation Warrants Farfetch A Arcturus Therapeutics Holdings Inc Grom Social Enterprises

Most Declined Performance Shipping Iovance Biotherapeutics SpringWorks Aurora Cannabis MSP Recovery Mirati Ther biote Corp Casi Pharma I Mab Tempest Therapeutics Mesa Royalty Trust

16 EWN

www.euroweeklynews.com

2 - 8 June 2022

Currency outlook: Euro rocked by EU-Russia tensions, Pound fluctuates amid recession

ASK THE EXPERT Peter Loveday Contact me at euroweekly@currenciesdirect.com

Euro EUR/GBP: Up from £0.84 to £0.85 EUR/USD: Unchanged at $1.07 The euro traded in a wide range over the past month as heightened tensions between the EU and Russia rocked the single currency. EUR investors were unnerved as Moscow took steps to begin cutting off gas exports to ‘unfriendly countries’, in a move which the EU branded as ‘blackmail’. The resulting pullback in the euro was so dramatic it sent the EUR/USD exchange rate reeling to a five-year low and raised speculation the pairing could even reach parity. However, the euro was able to rally towards the end of May amidst some hawkish signals from the European Central Bank (ECB) as the bank strongly indicated it will begin raising interest rates from July. Looking forward, ECB rate hike bets may help to underpin EUR exchange rates in June, although the euro’s upside potential remains capped so long as the war in Ukraine continues.

The ECB strongly indicated it will begin raising interest rates from July.

Pound GBP/EUR: Down from €1.18 to €1.16 GBP/USD: Down from $1.28 to $1.25 The pound was also infused with volatility over the past month as fears over the UK’s economic trajectory spooked GBP investors. This was most notable in the wake of the Bank of England’s (BoE) May policy meeting, in which it published its latest economic forecasts. These made for some bleak reading, with the GBP/USD exchange plunging as much as 2% after the BoE predicted inflation would climb above 10% this year and warned that there is a clear risk of a recession.

The pound fared better in the second half of May however, as Sterling’s sharp plunge made it attractive to investors seeking to buy the dip, although these gains were later tested by the UK’s consumer price index as a sharper-than-expected surge in inflation exacerbated cost-of-living fears. GBP exchange rates may remain volatile through June as while the BoE is expected to continue to raise interest rates, recent data points to UK economic growth becoming increasingly anaemic. US Dollar USD/GBP: Up from $0.77 to $0.80 USD/EUR: Up from €0.92 to €0.93

NEWS

The US dollar roared higher over the past month, with the US dollar index which measures the ‘greenback’ against a basket of its peers - soaring to a 20-year high. This came as growing fears of a global recession, the war in Ukraine and concerns over the ongoing lockdowns in China unsettled investors and bolstered demand for the safe-haven currency. While the Federal Reserve’s push back against calls for more aggressive rate hikes tempered USD exchange rates at the start of May, a sharp downturn in equity markets was quick to revive demand in the middle of the month. Despite persistent risk-off flows, the US dollar then gave ground through the second half of May, with the currency’s bullish run giving way to some profit taking. With the global economic outlook becoming increasingly grim it's likely the US dollar will remain well positioned against its peers in the coming weeks, particularly if the Fed relents to pressure and signals plans to further accelerate its current tightening cycle. Currencies Direct have helped over 325,000 customers save on their currency transfers since 1996. Just pop into your local Currencies Direct branch or give us a call to find out more about how you can save money on your currency transfers.

Visit us at our Spanish offices in Costa del Sol, Costa Almeria, North Costa Blanca and South Costa Blanca. Telephone UK +44 (0) 207 847 9400 SPAIN +34 950 478 914 • Email euroweekly@currenciesdirect.com • www.currenciesdirect.com.

BUSINESS EXTRA Synthetic fuel REPSOL is committed to invest €100 million in the creation of a syn‐ thetic fuel production plant based in Bilbao, bringing in a number of Spanish partners as well as Britain’s Johnson Matthey in another ex‐ ample of how Spain is embracing the green economy.

Bowelbabe Fund FASHION company In The Style has raised half a million pounds in aid of Dame Deborah James’ The Bowelbabe Fund for Cancer Re‐ search UK through the sale of the ‘Rebellious Hope’ t‐shirt, the first item to be unveiled from In The Style’s Dame Deborah James collection.

UK KEEPS LOW PROFILE IN DAVOS IN 2019 around a quarter of the British Cabinet flew to Davos in Switzerland to take part in the World Economic Forum. Included in the party of six se‐ nior ministers were the then Chancellor Philip Hammond, In‐ ternational Trade Secretary Liam Fox, Health Secretary, Matt Hancock, and the Culture Secretary, Jeremy Wright. At the time, the then leader of the Labour Party, Jeremy Corbyn criticised their atten‐ dance at a ‘billionaires’ jam‐ boree’ whilst the UK was in the throws of trying to negotiate Brexit. This year as the Conservative Party had to deal with ‘Party‐ gate’, rising energy prices and Northern Ireland, the British contingent to the event which ran from May 22 to 26 was somewhat less high powered. The only elected minister to

Alok Sharma with microphone speaking in Davos.

represent Great Britain was Alok Sharma in his role as Presi‐ dent, 26th Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change. He was accompanied by Lord

Grimstone of Boscobel, the un‐ paid Minister for Investment jointly at the Department for International Trade and the De‐ partment for Business, Energy & Industrial Strategy. At a time when the world is facing an unprecedented crisis caused by the Russian invasion of Ukraine, recovery from the Covid‐19 pandemic as well as shortage of both labour and parts, the majority of leaders of the developed world thought it an important event to attend. From the EU alone top politi‐ cians such as Pedro Sánchez of Spain, Olaf Scholz, Chancellor of Germany, Michaél Martin, Taoiseach of Ireland, Mark Rutte, Prime Minister of The Netherlands and many more heads of state were there. Even, Rwanda was able to af‐ ford to send more than double the UK political delegation!

Boss resigns THE 69‐year‐old head of JD Sports, Britain’s largest sports retailer, Peter Cowgill has resigned with immediate ef‐ fect from the company he helped grow dramatically since he first joined in 2004. For the last eight years, he has com‐ bined the roles of CEO and Chairman but following a £4.7 million fine for breaching the competition regulator’s rules and a re‐ cent shareholder’s revolt over a bonus of £6 million when the company took mon‐ ey from the UK government during the lockdown, questions had been asked about his position. It is suggested whilst the board wanted to split his role between two people, he was opposed to this, hence he resigned.

Energy price cap SPEAKING to the TVE television station in Davos on May 25, Teresa Ribera, Spanish Minister for the Ecological Transition touched on the agreement to cap electric‐ ity prices. Explaining that the negotiations with the EU had resulted in a somewhat complicated way of calculating the cap, she admitted that whilst a 30 per cent re‐ duction was still the target, it may not be possible to achieve more than 15 per cent. Time will tell and much depends on the raw price of gas but she still believes the result will be a worthwhile saving for industrial and domestic consumers.

FEATURE

euroweeklynews.com

LEAPY LEE SAYS IT OTHERS THINK IT JUST when you thought you heard it all, up pops an organisation that has recently suggested we should ‘off’ old people as a ‘favour to our children’! Yep, you ‘eard. ‘The World Economic Forum’ is an extremely well‐financed outfit which has its finger in a positive global pie shop. It is also a somewhat shady union of powerful left thinking people who want to change the world. This latest edict does actually take the whole tin. They consider that the world is grossly over populated and to give our children a better chance, old people should take voluntary euthanasia ‐ and they are deadly serious. They have actually produced a video full of assenting geriatrics, stating they have had a good life and as there are too many humans on the planet, elderly people who are no longer productive should opt for euthanasia. You really couldn’t make it up. Personally I find this group a highly dangerous and disturbing bunch of nutters, but what is most disturbing is that its founder, Klaus Schwab, is a billionaire, and one of its major

2 - 8 June 2022

Terrible idea

affiliations is the ‘Open Society Foundation,’ a corporation funded and chaired by George Soros, who has already given away some 32 billion dollars to various organisations around the world. We’re talking truly serious money which in the hands of people who condone the ‘offing’ of old people, simply cannot be taken lightly. The only upside of these organisations seeking to initiate the ‘great reset’, is that Schwab is over 84 and Soros 91 years old. Perhaps they would like to lead by example and be the first to ‘off’ themselves? Preferably on television, so we can all heave a sigh of relief! Now that would be worth tuning in for. Could you believe that cynical hypocrite Meghan Markle actually showed up at the scene of the tragic Texas massacre of the innocents, insisting that she was there as a Mother!? Did anyone actually believe that she was there for any other reason than a cold blooded opportunist attempt to milk all the publicity she could from a press that she knew would be there in droves? I actually gave ginger and whinger’s

marriage three years. What I didn’t take into account was her obviously fanatical desire to retain some vestige of royalty in her self‐serving existence. If the Queen had allowed them onto the balcony for the Jubilee celebrations, it would have been a mistake of epic proportions. What it would have done however is show this gruesome twosome just exactly how the British people feel. Have no doubt, the boos and catcalls would have reverberated around the globe. But don’t hold yer breath, these two could still slither in there somewhere; they are so arrogant they may just believe they are still welcome in the UK. Some chance. Keep the faith Love Leapy leapylee2002@gmail.com expatradioscotland Monday and Friday 1pm till 4. UK noon till 3pm

For more from our columnists please scan this QR Code

Leapy Lee’s opinions are his own and are not necessarily representative of those of the publishers, advertisers or sponsors.

EWN 17

18 EWN

euroweeklynews.com

2 - 8 June 2022

LETTERS

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

THOUGHTS ON LIFE Hola Leapy We are here in Almeria re‐ turning home to England on Saturday after a month in this beautiful part of Spain. I picked up a copy of the free paper today as we do when in Spain and I was delighted to read your ‘Naughty boy’ article, brilliant. I refuse to watch ‘the news’ or buy a newspaper anymore at home, but always enjoy reading your objective point of view on general issues when here so good to know I’m not on my own in my thoughts on life today, keep it up please. Alex Davies, Southport, Merseyside

Bracing for a coup Putin, this flawed individual will, unlike the citizens of Rus‐ sia, know exactly what is hap‐ pening in his vanity war in Ukraine. He will have access to western news and media channels and be fully aware of the resistance, which is costing his army dearly, put up by the Ukrainian armed forces. He will realise that the sup‐ port of the west in terms of weapons, intelligence and funds may be having a signifi‐ cant effect on the prosecu‐ tion of his war. The sanctions imposed on his regime must, logically, be having a detri‐ mental effect on the Russian economy. The future looks bleak in Russia as more and more financial losses are in‐ flicted by foreign nations withdrawing their businesses. The only answer to solve this despicable act of bar‐ barism is for regime change from within Russia itself. Let us hope that the possibility of a coup turns into reality. John Green

EURO WEEKLY NEWS: Pick up your free copy today!

OUR VIEW KEEP ALERT WITH the rising cost of living globally it’s unfortunate but true that more people will turn to crime rather than take advantage of the large number of job vacancies that are currently available. Sadly, this is affecting us in Spain and is no different to what is happening across Europe as opportunist crime seems to be growing. Generally, this is still a very safe country and those who have been resident for some time will know that there are areas especially in larger cities where it is unwise to walk. If you are an elderly person who doesn’t speak a great deal of Spanish, then there is no question that you are a possible target especially for non-violent but often costly scams and you need to be alert. Don’t let anyone into your house who turns up without an appointment claiming to be from one of the utility companies, especially if they are accompanied, simply close the door on them and if they persist, call 112 for help. Equally, don’t leave phones or bags sitting on a table if you are having a drink or meal on a terrace as someone wandering by can easily snatch them and be off. On the whole, the majority of people, Spanish or foreigners are nice and friendly but beware of so called ‘Good Samaritans’ who offer to help, especially if they say that a bird has pooped on your shoulder, as that’s a simple ruse used by pick pockets. There’s every chance that nothing untoward will ever happen to you, but just be alert to potential problems.

TIME OUT

euroweeklynews.com • 2 - 8 June 2022

FOR MORE INFORMATION ABOUT THE SPONSOR GO TO WWW.LINEADIRECTA.COM

TIME OUT

22 EWN

euroweeklynews.com

2 - 8 June 2022

LIFESTYLE

Small balcony ideas IKEA redecorates

MANY of us have a balcony or terrace and will be out enjoy‐ ing the weather more as the summer is approaching! It can be quite difficult to see the po‐ tential of smaller balconies and terraces, but we have some

ideas for you. Vertical gardens The most important thing to remember is that every inch counts. Make the most of the wall space by putting up some plants using vertical structures.

Another good option is hang‐ ing flower pots that you can fix to the ceiling or railing. Fixing a traditional wood trellis to the wall for vines or flowers is an‐ other great idea, or planters that hang from the rail itself. Folding furniture When you’re short on space, it’s important to make it versatile. Light furniture that’s foldable takes up as little space as possible. Add some textiles and outdoor cushions, hanging baskets and, if you have the space, an umbrella ‐ add some personality and colour! Grow herbs Grow some aromatic herbs using a vertical planter. Some of the easiest ones are Laven‐ der, Basil and Rosemary. Decor Decor is very important on a small balcony. Add bright ac‐ cessories such as hanging colourful plates on the walls, small cushions, unique plant pots, lanterns and candles or string lights for when the sun is going down. You could add a rug and blankets too.

IKEA is redecorating more than 400m2 of professional areas in different businesses as part of the ‘IKEA Redeco‐ rate your business’ competi‐ tion launched last October to mark the launch of the new IKEA Business Network in Spain. The six winning spaces comprise different types of business activities: offices, shops, a textile craft work‐ shop and a library, in five lo‐ cations in Spain. More specifically, they are the Peanuts&Nuts textile workshop in Barcelona, the Dukana fragrance shop in Bilbao, the Metrica6 offices in Malaga, the Amasol Asso‐ ciation centre in Zaragoza and the Mi granito de Arena bulk shop and library at the San Isidro School in Murcia. All are professional spaces that have been re‐ designed under the person‐ alised advice of the compa‐ ny’s expert interior designers with the aim of

IKEA is redecorating more than 400m2 of professional areas in different businesses.

making them more attrac‐ tive to the eyes of their clients, providing them with greater functionality and re‐ flecting the corporate iden‐ tity of each company. Jesús Álvarez, IKEA Busi‐ ness Sales Manager, said: “Having an inspiring space that reflects well the at‐ tributes of a brand is key to the commercial strategy. We know that these changes can make a positive contribution to the smooth running of a business and

we hope that the six win‐ ners will be able to see this in their bottom line very soon.” Manuel Delgado, the IKEA interior designer who has coordinated several of the projects, said: “One of the keys to any interior design project is actively listening to the needs, but also to the expectations and style refer‐ ences that the client has in mind. This initial conversa‐ tion is fundamental to per‐ sonalise each space.”

2 - 8 June 2022 • euroweeklynews.com