Friends on board
Jennifer Aniston and Courteney Cox’s luxury Mallorca break
FOR more than 20 years, Jennifer Aniston and Courteney Cox have proved their friendship extends far beyond a television set. Now the Hollywood stars have reunited once again, swapping Central Perk for the crystal-clear waters of Mallorca, where they were joined by fellow actor Pedro Pascal aboard a luxury superyacht.
Photographs published this week show the trio enjoying a relaxed day at sea o the island’s coast. Aniston was seen sunbathing in a black bikini top and coral-pink bottoms before taking to the water on a pedal kayak, while Cox spent time snorkelling in Mallorca’s famously clear Mediterranean waters. Also on board was Aniston’s boyfriend, wellness coach and author Jim Curtis.
Although millions know them as Rachel Green and Monica Geller from the hit sitcom Friends, Aniston and Cox have remained close since the series ended in 2004. They have frequently celebrated birthdays together, supported each other through major life events and often share
Eclipse excitement
glimpses of their enduring friendship on social media.
Pedro Pascal, who joined them on the trip, is one of Hollywood’s most in-demand actors, thanks to leading roles in The Last of Us, The Mandalorian and recent blockbuster lms.
The getaway is far from Aniston’s rst visit to Mallorca. The actress has
returned to the island on several occasions over the years, drawn by its secluded coves, luxury yachts, ne dining and reputation for o ering celebrities a more private Mediterranean escape.
Their latest holiday adds to an already star-studded summer for Mallorca. Recent weeks have also seen
Credit: Instagram/JenniferAniston Instagram/CourteneyCox
Sir Rod Stewart holidaying aboard a superyacht, Roger Federer visiting Rafa Nadal’s new museum, and Priscilla Presley arriving ahead of a luxury charity gala.
With its turquoise waters, exclusive marinas and laid-back lifestyle, the island continues to attract all kinds of famous friends.
EXCITEMENT is building across Mallorca as the countdown begins to the rare total solar eclipse which will take place on Wednesday, August 12, starting at 7.38pm.
To help visitors plan ahead, authorities have designated nine o cial viewing locations. These are Circuit de Son Matamoros, Playa de Palma, Ronda de Porreres, Santa Ponsa Beach, Algaida football ground, Pina football ground, the coastal stretch between Maioris and Tolleric, the MA-3220 car park in Petra, and Maioris in Llucmajor.
Circuit de Son Matamoros is expected to accommodate more than 70,000 spectators, while Playa de Palma has capacity for almost 48,000 people, making them the island’s largest o cial viewing areas.
With the eclipse expected to attract visitors from around the world, o cials are encouraging people to head to the designated sites to spread crowds, avoid congestion and enjoy one of the most spectacular astronomical events Mallorca has witnessed in decades. Don’t forget your certi ed glasses (available from opticians and selected retailers).
The one where…Jennifer Aniston and Courteney Cox are on a yacht in Mallorca
Royals host glamorous do
THE Spanish Royal Family officially began their annual summer stay in Mallorca on Tuesday, August 4, by hosting the traditional Marivent Palace reception, welcoming hundreds of guests from across the Balearic Islands.
King Felipe VI and Queen Letizia were joined by Princess Leonor, Infanta Sofía and Queen Sofía as they greeted more than 600 representatives from politics, business, culture, sport, education, healthcare and the charitable sector at the royal residence overlooking Palma Bay.
The annual event is a highlight of the island’s summer calendar and marks the start of the family’s official engagements in Mallorca. Guests were welcomed individually before enjoying an evening recep-
tion celebrating Balearic society.
King Felipe opted for a light summer guayabera shirt instead of a traditional suit, while Queen Letizia wore a white dress reflecting the relaxed Mediterranean setting.
Princess Leonor and Infanta Sofía once again took part in hosting duties alongside their parents.
Among those attending were Balearic President Marga Prohens, President of the Balearic Parliament Gabriel Le Senne and Mallorca Island Council President Llorenç Galmés, together with leading figures from the islands’ arts, business and community organisations.
The reception remains a long-standing royal tradition, reinforcing the Spanish Royal Family’s close ties with Mallorca.
Airport name change
PALMA AIRPORT is set to receive a new official name after Spain’s government confirmed a change that has been the subject of debate for several years.
Currently known as Palma de Mallorca Airport, the island’s main international gateway will officially become Palma-Mallorca Airport. Supporters of the move say the revised name better reflects Mallorca’s official place names and brings the airport into line with other geographical naming conventions used across the Balearic Islands.
The change follows campaigning by cultural and linguistic groups, who argued that the existing title no longer matched official standards. The new name will be introduced gradually across airport signage, official documents and aviation systems.
For travellers, however, the change is expected to have little practical impact. Flights, bookings and airport operations will continue as normal, and the airport’s internationally recognised IATA code, PMI, will remain exactly the same.
The airport is also commonly known as Son Sant Joan, after the area where it is located, and many residents are expected to continue using that name in everyday conversation. Palma Airport is one of Spain’s busiest airports, handling tens of millions of passengers every year. While most visitors may only notice the new name on signs or travel documents, the decision brings to an end a long-running discussion over how Mallorca’s main airport should officially be known.
Annual Marivent Palace reception in Mallorca.
Credit: CasaReal
Palma de Mallorca airport… changing to Palma-Mallorca.
Rules for the eclipse
WARNINGS FOR VISITORS
AUTHORITIES across Spain are introducing stricter wildfire prevention measures ahead of this month’s total solar eclipse, warning visitors that celebrations and outdoor gatherings must not increase the risk of devastating fires.
The eclipse on Wednesday, August 12, is expected to attract hundreds of thousands of people to rural areas, forests and open landscapes where visibility will be best. However, the event falls during one of Spain’s most dangerous wildfire periods, with high temperatures and
dry vegetation creating ideal conditions for fires to spread. Aragon is expected to receive around 400,000 visitors and has introduced temporary restrictions from August 10 to 13. Measures include bans on unauthorised parties, restrictions on activities that could create sparks, and tighter controls around forest areas.
Authorities warn that small mistakes, including discarded cigarettes, unattended fires and vehicles parked on dry vegetation, can trigger serious blazes in extreme conditions. Anyone breaking
TENANTS and landlords across Spain will have to wait a little longer for the government’s promised housing reforms after ministers postponed the planned decree until at least September.
The package had been expected before Parliament’s summer break but was delayed after the government failed to secure enough political support, leaving the current rules in place.
That means rental contracts continue exactly as before. New agreements can still be signed and existing leases renewed under the current legislation. The proposed right for eligible tenants to extend expiring residential contracts by up to two years has not come into force.
Rules on rent increases also remain unchanged. Landlords can continue reviewing rents in line with
the restrictions could face significant penalties, with serious offences carrying fines of up to €100,000. Visitors planning to watch the eclipse outdoors are urged to check local regulations, use designated areas and avoid activities involving flames or sparks.
The eclipse is expected to provide a major boost for rural tourism, but authorities want the event to pass without creating a new wildfire emergency. The few minutes of darkness must not leave years of destruction behind.
Package holiday protection
Refund rules updated
BOOKING a package holiday in Spain thankfully will soon come with stronger financial protection. A major update to Europe’s rules, Directive (EU) 2026/1024, aims to fix the refund delays and voucher disputes that left millions of travellers extremely frustrated during past travel chaos.
The directive has been officially adopted, and Spain is currently transferring the measures into national law over a 28-month transition period. Once active, the framework introduces a strict seven-day business-to-business refund rule requiring airlines and hotels to reimburse tour operators quickly, allowing agencies to pay back customers within the mandatory 14-day limit. Vouchers will also receive a vital safety net. Any travel voucher offered must be voluntary, protected against operator insolvency, and automatically refunded as cash if unused upon expiry.
The changes apply to flight-and-hotel bundles sold through Spanish agencies, but exclude flight-only bookings, which remain governed under Regulation (EC) 261/2004. While the new rules are not yet in force, travellers are advised to keep booking records and verify insolvency protections before paying. For residents, expatriates, and tourists travelling and booking holidays from Spain, the upcoming changes will bring faster refunds, safer vouchers, and guaranteed peace of mind when holiday plans go wrong.
Housing reforms delayed euroweeklynews.com
the legislation currently in force, as the proposed nationwide rent freeze has not been introduced.
There are no immediate changes for seasonal rentals, room-by-room lets or tourist accommodation either. Property owners can continue operating under the existing legal framework, including current regional and local licensing requirements.
Rental platforms such as Airbnb and Booking. com must also continue complying with the registration and licensing rules already in place, with no additional nationwide obligations approved.
For now, landlords, tenants and holiday rental owners should continue following the existing legal framework while awaiting further developments. The government has indicated it intends to revive the reforms after the summer.
Planned decree postponed until at least September.
Authorities have warned that small mistakes can lead to wildfires.
Cancellation routes
THOUSANDS of British holidaymakers heading to Mallorca and Ibiza this summer could face disruption before their holidays even begin, with new figures showing flights to the Balearic Islands are among the most frequently cancelled European holiday routes.
Analysis by aviation intelligence platform AirAdvisor found that the London Luton-Ibiza route had the highest cancellation rate among major UK-European holiday connections in summer 2025, with 5.56 per cent of flights cancelled. Several other routes to Palma de Mallorca and Ibiza also appeared among the worst affected, highlighting the pressure
placed on Spain’s island airports during the peak travel season.
The problem is linked to the huge demand during the summer months, when airports operate at maximum capacity. A delayed aircraft, crew restrictions or operational problems can quickly create a chain reaction, forcing airlines to cancel flights to recover their schedules.
Disruption has continued into 2026, with cancellations increasing on routes from London airports to both Mallor -
ca and Ibiza during June and July.
Passengers affected by cancellations may be entitled to compensation of between £220 and £520 if they are informed less than 14 days before departure, depending on the distance travelled. Experts advise travellers to understand their rights before accepting airline vouchers.
For millions of Britons travelling to the Balearics, the biggest challenge this summer could be reaching the holiday they have already booked.
Disruption has continued into the summer.
Photo credit: Hadrian/Shutterstock
Anchored in kindness
THE generosity of Mallorca’s yachting community is continuing to make a real difference to local charities, with thousands of euros raised to support people in need across the island.
Charity organisation
Yachting Gives Back has announced it has received two new donations from Hello Sailor during June and July, totalling an impressive €3,502.
The funding has already been put to good use, helping cover the cost of a major repair to a van used by Associació Tardor, allowing the charity to get the essential vehicle back on the road. Part of the donation has also paid for two monthly food shopping trips for SOS MAMAS and Can Gazà, providing much-needed supplies for vulnerable people.
The organisation said there is still enough money remaining from the
latest donation to fund further shopping trips in the coming weeks.
The good news follows another successful fundraiser earlier this year.
Yachting Gives Back also revealed it has received a further €6,065 raised at Club de Mar’s April dock party, after organisers finalised the event’s proceeds.
Supporters have praised the continued generosity of those involved
in Mallorca’s boating community, with one commenting: “Thank you to all these unknown individuals who make this possible.”
Yachting Gives Back regularly works alongside charities across Mallorca, channelling donations from the island’s maritime sector into practical projects, food aid and essential services that directly benefit local people.
Spielberg’s yacht drops jaws
THERE were plenty of dropped ‘jaws’ in Palma this week as Hollywood director Steven Spielberg’s spectacular superyacht Seven Seas arrived at the newly renovated Club de Mar. The 103-metre vessel, one of the largest private yachts to visit Mallorca this summer, quickly attracted attention from locals and visitors strolling around the marina. Although Spielberg was not publicly seen on board, the yacht’s appearance added another touch of Hollywood glamour to the island’s celebrity-filled season.
Built by renowned Dutch shipyard Oceanco and designed by Sinot Yacht Architecture & Design, Seven Seas is reported to be worth around €214 million. It can accommodate up to 14 guests in seven luxurious suites and carries a crew of more than 30.
On board are a host of high-end amenities, including a private cinema, gym, spa, sauna, infinity swimming pool, jacuzzi and a certified helipad, making it one of the Mediterranean’s most impressive superyachts.
Spielberg, the Oscar-winning filmmaker behind classics including Jaws, ET, Jurassic Park and Saving Private Ryan, is known for keeping his private life out of the spotlight, making sightings linked to him especially noteworthy.
Mallorca remains one of Europe’s top destinations for luxury yachts each summer, with Palma’s marinas regularly welcoming celebrity-owned vessels. The arrival of Seven Seas once again underlines the island’s enduring appeal among the world’s rich and famous.
Local charity thanks community for support.
Credit: Facebook/YachtingGivesBack
Spielberg’s spectacular 103-metre vessel.
Messi lends a hand
COMMUNITIES rebuilding after one of Madrid’s worst wild res received unexpected support from one of football’s biggest names. Lionel Messi donated €80,000 to help recovery e orts in the Sierra Oeste after devastating res destroyed homes, damaged properties and burned thousands of hectares of land.
The contribution was revealed by Community of Madrid president Isabel Díaz Ayuso, who thanked the Argentine football star for supporting a ected residents. According to regional government sources, representatives working on Messi’s behalf contacted Madrid authorities to ask how they could contribute through the o cial reconstruction fund. The donation will now support rebuilding projects in municipalities a ected by the wild re, which became one of the largest environmental disasters in the region in recent years.
More than 27,000 hectares were destroyed by ames, while around 100 homes were reportedly lost and hundreds more properties damaged. A total of 17 municipalities were a ected, forcing thousands of residents to evacuate.
Recovery e orts are expected to continue for months, with authorities repairing infrastructure,
supporting families and assessing damage to forests and protected areas.
The donation also attracted attention because of Messi’s historic connection with Barcelona, Real Madrid’s football rival. However, for residents facing the long road to recovery, the focus is not on football rivalries but on the support helping their communities rebuild.
More lynxes all over Spain
SPAIN’s Iberian lynx population has reached an all-time high of 2,663 animals across Spain and Portugal, according to official census figures from 2025. The population grew by 10.9 per cent in a single year, marking a remarkable recovery from fewer than 100 individuals in 2002.
Castilla-La Mancha holds the largest population with 1,051 lynxes, followed by Andalucia with 885. Sierra Morena remains the primary heartland, supporting 1,145 animals across its territory. Across 26 distinct areas, scientists recorded 1,711 adults and sub-adults, as well as 952 cubs. Crucially, the census identified 542 territorial females - an increase of 72 from the previous year. This brings the species closer to its long-term technical target of 750 breeding
females. Captive breeding and strategic reintroductions have driven this recovery, with 424 cats returned to suitable habitats since 2011. The IUCN reclassified the Iberian lynx from Endangered to Vulnerable in 2024.
For wildlife fans, Sierra de Andujar Natural Park in Jaen remains the most reliable location for sightings. Visitors stand
the best chance along public tracks around the Jandula reservoir during early morning or late afternoon, particularly during the winter mating season from December to February. Local guides offer specialised excursions, while motorists in lynx country must drive cautiously on rural roads to protect this growing population.
More than 27,000 hectares were destroyed.
Photo credit: Victor Velter/Shutterstock
Spotting increases in Iberian lynx numbers.
Star style
ONE of Mallorca’s most glamorous summer events is set to return as StarPress Media Night once again brings together celebrities, business leaders, entrepreneurs and creatives for an evening of entertainment, dining and networking.
The event takes place on Friday, August 7, at Mallorca Country Club in Santa Ponsa, a venue renowned for hosting high-profile sporting and social occasions.
Guests can expect a red-carpet welcome followed by a gourmet dinner, live performances, fashion showcases, music and award presentations. Over the years, the annual event has earned a reputation as one of the island’s premier social gatherings, attracting people from across the worlds of media, hospitality, luxury brands and entertainment.
Glamorous
evening do at Mallorca Country Club.
While the evening is known for its glamorous atmosphere, it also supports charitable causes in Mallorca through fundraising initiatives and recognition of organisations making a positive difference within the local community.
The event reflects Mallorca’s growing status as an international hub where business, lifestyle and culture increasingly come together. As well as offering an opportunity to celebrate the island’s achievements, it provides a
chance for professionals from different industries to build new connections in a relaxed setting.
Tickets are priced at €149, with discounted rates available for members. Organisers expect another strong turnout, making advance booking advisable for anyone hoping to attend one of Mallorca’s standout social events of the summer.
Tickets available via El Corte Ingles or EventBrite.
MALLORCA
Summer carnival
MALLORCA’S popular Tardeo party series is bringing carnival vibes to the coast as its colourful Carnaval de Verano returns to Palma Beach.
Taking place on Saturday, August 8, the event will transform AMØK Palma Beach into a lively daytime celebration packed with DJs, music, entertainment and a festival atmosphere just metres from the sea.
ked with DJs, music, enter-
Credit: Amok
Unlike traditional late-night clubbing, Tardeo events start in the afternoon, giving partygoers the chance to enjoy hours of music and dancing before sunset. The format has become increasingly popular with both locals and visitors looking for a different way to experience Mallorca’s social scene.
This special summer edition embraces the spirit of carnival, with guests encoura-
ged to wear bright colours, costumes and themed acthe atmosphere, making Coastal carnival vibes.
ged to wear bright colours, costumes and themed accessories. Organisers promise confetti, live entertainment and an energetic soundtrack of commercial dance and house music throughout the afternoon.
The beachfront location is expected to add to the atmosphere, making it one of the standout party events of Mallorca’s busy August calendar.
Tickets start from €23, with organisers advising people to book in advance after early allocations sold out. The event is for adults only.
For anyone looking to swap a quiet afternoon by the sea for music, dancing and a festival-style celebration, the Carnaval de Verano promises one of the island’s most colourful parties of the summer.
MILU – Italian fine dining at the heart of Port d’Andratx
FEW places in Mallorca embody the elegance of Mediterranean living quite like Port d’Andratx, and overlooking its beautiful marina is one of the island’s most refined dining destinations, Milu.
Since opening in 2017, Milu has built an outstanding reputation, earning praise from both local residents and international visitors alike. In 2023, the restaurant entered an exciting new chapter when Head Chef Luca and Front of House Michele took ownership. Their shared passion for authentic Italian cuisine, exceptional hospitality and attention to detail has elevated Milu into one of Mallorca’s premier fine dining experiences.
At Milu, every dish tells a story. Traditional Italian recipes are reimagined with contemporary flair, using the finest seasonal ingredients and locally sourced produce wherever possible.
Handmade pasta, the freshest seafood, premium cuts of Galician beef and beautifully crafted desserts are all prepared with precision and creativity. Complementing the cuisine is an expertly curated wine list featuring outstanding Italian, Spanish and international labels, carefully selected to en-
hance every course.
The setting is every bit as memorable as the menu. Situated in one of Mallorca’s most exclusive harbours, Milu enjoys spectacular views across Port d’Andratx, where luxury yachts gently bob on crystal-clear waters against a backdrop of rolling hills. Whether enjoying a leisurely lunch in the
Mediterranean sunshine or an intimate evening meal as the sun sets over the marina, the atmosphere is effortlessly sophisticated yet wonderfully relaxed. What truly sets Milu apart however, is its commitment to genuine hospitality. The attentive team pride themselves on delivering impeccable yet per-
sonal service, ensuring every guest enjoys an experience that feels both welcoming and unforgettable. It is this combination of exceptional cuisine, elegant surroundings and warm professionalism that has earned the restaurant its glowing reputation and outstanding reviews.
Whether celebrating a special occasion, entertaining clients, or simply indulging in one of life’s finer pleasures, Milu offers an experience that goes far beyond dining. It is a celebration of Italian culinary excellence, perfectly at home on Mallorca’s stunning southwest coast.
For those seeking unforgettable food, impeccable service and an unrivalled waterfront setting, Milu is not simply a restaurant, it is a destination that deserves to be experienced. Reserve your table today and discover why Milu has become one of Port d’Andratx’s most talked about dining destinations.
Delayed retribution
LEAPY LEE SAYS IT
OTHERS
THINK IT
I TRUST you have all been poised on the edges of your seats; desperate to discover the outcome of last week’s saga of ‘stag party shenanigans’? For the uninitiated, this involved our tale of the somewhat extreme party frolic, which resulted in the unfortunate groom, not only getting married, but subsequently leaving for his honeymoon, wearing a plaster cast prepared by hospital colleagues.
Our unsuspecting hero had been convinced that, while firmly under the influence, he had actually broken his arm. Naturally, on his return, when the conspiracy was finally revealed, he had not exactly been a happy budgie! As time passed however, all appeared to have been forgiven and forgotten. So, if you’re all sitting comfortably, I’ll begin.
We now move forward some six months, where we find his friend, the main instigator of the ‘cast’ incident, somewhat attentively looking forward to his own betrothal!
As the date became closer, he naturally became increasingly nervous, racked with trepidation as to what form of devious revenge his former ‘victim’ was almost certainly concocting.
In fact, by the time he had arrived at his own stag night, he was practically a mental basket case - and still nothing untoward had occurred. To his amazement - and extreme relief - the stag night also brought no unpleasant surprises and he duly retired, more than a touch relieved, that his friend appeared to be seeking no retribution for his somewhat ill-conceived party joke of yore.
His subsequent marriage day also passed without incident, but it was not until he and his new bride actually relaxed on the plane bearing them to Mauritius, that he truly felt he was in the clear. He decided to put all his fears behind him and enjoy his honeymoon to the full; albeit perhaps remaining a little wary of anything they may be planning on his return.
Arriving at their luxurious hotel, they were duly shown to the honeymoon suite and proceeded to enjoy the beginning of their special holiday. That night
the newlyweds retired early. Sharing together all the dreams and intimate exchanges of the recently betrothed, they finally drifted off into happy contented slumber.
The next morning, they awoke bright and early. After giving his bride a very special ‘wake up call’, the new groom decided to ask for breakfast to be served in the room. Reaching for the phone he dialled room service. ”’Hello,” he enquired pleasantly, “Could you please send us up breakfast and a pot of tea for two?” He then froze. “You’d better make that three,” came a barely disguised triumphant voice from under the bed! Yep. You’ve guessed it. Beneath the marital bed is where his ‘pre - plastered’ friend had spent the whole of the previous night. All their most intimate thoughts and moments of passion had been shared with his unforgiving, but now euphoric, stag party victim! Doesn’t that just warm the very cockles? Sweet and utterly satisfying revenge.
Back to normal next week. Keep the faith, Love Leapy leapylee2002@gmail.com
opinions are his own and are not necessarily representative of those of the publishers, advertisers or sponsors.
Village for sale
And it costs less than many family homes.
AN entire Spanish village has gone on the market for €850,000, offering one lucky buyer the chance to own not just a home, but a collection of houses, a chapel, a former village shop and acres of countryside.
The unusual listing is in the province of Ourense, Galicia, in northwest Spain. Set among rolling green hills, the small rural hamlet includes 11 houses spread across around 40,000 square metres of land.
Only three of the homes are currently ready to move into, while the rest would need renovation. Altogether, the properties provide more than 40 bedrooms and over 20 bathrooms, making it one of the most unusual real estate listings available in Spain.
The sale also includes several buildings that once formed the heart of village life, including a traditional chapel, a former medical clinic, a village shop and two warehouses. Although €850,000 may sound like a huge sum, it is less than the cost of many family homes in some parts of the UK, making the price a surprise given the scale of the property. The listing highlights the challenges facing many rural communities across Spain. Urban migration has depopulated many towns, creating buyer opportunities for village restoration, tourism, and housing.
Even better eclipse
ONE year to go until one of the most spectacular astronomical events of the century.
On Monday, August 2, 2027, the longest total solar eclipse visible from land this century will sweep across southern Spain, Gibraltar, North Africa and the Middle East. While the total solar eclipse on Wednesday, August 12, 2026, is generating enthusiasm as Europe’s first mainland eclipse since 1999, the 2027 event promises to be the main spectacle.
The Moon’s shadow will travel along a path roughly 258 kilometres wide.
Totality will last up to six minutes and 23 seconds near Luxor in Egypt. This is the longest duration on land since 1991 and will remain unequalled until 2114.
During totality, dayli -
ght will turn to twilight, temperatures will drop, and the Sun’s outer atmosphere will become visible.
Approximately 89 million people live within the shadow’s corridor across these regions.
Southern Spain offers prime viewing locations, including Tarifa and Gibraltar with over four minutes of totality, Cadiz
with nearly three, and Malaga with almost two minutes.
This event is part of an unusual sequence of three total solar eclipses within 710 days, concluding on Saturday, July 22, 2028.
Travel bookings across key areas are already filling rapidly as observers prepare for this rare celestial alignment.
Leapy Lee’s
Next year’s Southern Spain eclipse to be even better.
FINANCE
BUSINESS EXTRA
Half-year loss
TELEFONICA reported a €338 million net loss in the first half of 2026, a 75 per cent decrease compared to the same period in 2025. This was driven by the sale of its Chilean business and restructuring in Germany. Despite these one-off charges, it maintained its full-year financial guidance unchanged overall.
Age barrier
DESPITE Spain achieving record employment and its lowest unemployment rate since 2008, nearly 500,000 people aged over 55 remain unemployed. Older jobseekers account for one in five unemployed people, with those over 60 facing worsening prospects. Campaigners urge employers to tackle age discrimination.
DCC takeover
DCC ENERGY has agreed to a takeover worth around £3.8 billion, leading to its departure from the FTSE 100 index. The deal reflects growing private equity interest in energy infrastructure assets. Shareholders will receive a cash offer of £65.25 a share as the company transitions into private ownership.
Madrid overtakes
MADRID has become Spain’s largest tourism market, overtaking the Canary Islands as stronger growth in international visitors and premium urban travel boost visitor spending. The capital has welcomed more than 16 million tourists this year, highlighting a shift toward higher-yield city tourism.
Re-sale rise
SPAIN’S housing market continues to surge, with resale property prices rising 17.2 per cent year on year in the second quarter. Strong demand, limited supply and lower borrowing costs are driving prices, making it difficult for first-time buyers to enter the market.
According to Eurostat, the EU’s gross energy consumption from renewable sources reached 26.2 per cent in 2025, up from 25.2 per cent in 2024.
Fire funding
THIS summer, Spain has seen some of its worst wildfires in recent years, a stark reminder that climate change comes with a growing cost. Once the flames have been extinguished, and the smoke has subsided, the Spanish government will be left facing a hefty bill. Initial estimates place the cost of recent wildfires between €1.7 to €3.3 billion for firefighting operations alone, and the fire season is not over yet.
Last year, 354,763 hectares of land were burnt across 8,189 recorded incidents, costing between €3.5 to €6.7 billion. So far this year, 172,396 hectares have been lost to the flames, meaning the cost of tackling wildfires will likely match, or exceed 2025’s total. Costs will be further compounded by the losses in tourism and agriculture.
Following the devastating fires that have ravaged the country, there has been renewed emphasis on the importance of fire prevention.
Official data shows that less than 30 per cent of Autonomous Communities’ wildfire budgets are allocated to preventative measures. Of the €600 million dedicated to fighting forest fires, around €174 million is directed towards preliminary prevention activities. At a State level, prevention spending represents an even smaller share of the overall budget. Comparatively, prevention efforts accounted for a
Next-gen travel
GEN-Z have become the driving force behind strong tourism figures this year, with 80 per cent of young people planning an international getaway, according to a report by Allianz Partners.
Unlike traditional holidaymakers focused on short breaks, younger travellers are increasingly choosing longer stays combining leisure with remote work. This “work from anywhere” trend is encouraging visi-
tors to spend more time and money in destinations, increasing demand for accommodation, experiences and local services.
Spanish travellers are also shifting away from quick getaways, with longer and more relaxed holidays becoming increasingly popular. For the tourism industry, this represents a valuable economic boost, as extended stays typically generate higher spending per visitor and spread re-
much larger proportion of wildfire spending in previous years.
Experts argue that investing in prevention is not only essential for protecting landscapes and communities, but also economically beneficial.
Preventative measures can significantly reduce the costs associated with firefighting, recovery and the destruction caused by increasingly severe wildfires.
venue beyond major tourist hotspots.
The impact is significant for Spain, where tourism remains a major contributor to economic activity and employment.
Price push AI windfall Hospitality
THE Spanish government has approved a €15 million hospitality aid programme, set to revitalise the sector and strengthen competitiveness. Hospitality is one of Spain’s strongest tourist activities, accounting for 60 per cent of the sector’s employment. As such, the programme will not only benefit businesses, but Spain’s entire tourism industry. Eligible establishments will receive a grant of €5,000 to €11,000 to replace old appliances with energy efficient alternatives, helping to reduce fixed cost and energy demand.
LOVE it or hate it, one thing is certain: the price of Marmite is going up, along with other Unilever brands like Dove and Hellmanns.
Unilever reported a strong second quarter, with sales rising 5.8 per cent to €13 billion, marking its best quarterly performance in more than a decade. The company has also posted a €3.3 billion net profit so far in 2026. However, consumers can expect higher prices as rising oil prices have increased expenses across sourcing, manufacturing and transport. Despite price increases, demand for branded products has remained resilient.
SAMSUNG’S record-breaking quarter underlines how artificial intelligence is reshaping the global semiconductor industry. The South Korean technology giant reported operating profit of €54 billion for the April to June period, a 1,814 per cent year-on-year increase, fuelled by soaring demand for AI memory chips and higher chip prices. Revenue also reached an all-time high of €103.5 billion. Despite losses in its consumer electronics division, Samsung expects robust demand for AI infrastructure and server memory to continue into the second half of the year, although it warned that memory chip shortages could intensify as AI investment accelerates.
SPAIN’S jobs market has reached a new milestone, with a record 22.8 million people now in work after almost 486,000 jobs were created between April and June. Seasonal summer hiring, particularly in the services sector, helped push the unemployment rate below 10 per cent for the first time since 2008, falling to 9.87 per cent. While the figures reflect a strong labour market, Spain still has one of the highest unemployment rates in the EU.
SPAIN continues to use cash more frequently than most Eurozone countries, with many consumers still relying on notes and coins for everyday payments. While cash remains widely available, the country faces a growing risk of exclusion as bank branches close and digital payment systems expand. Vulnerable groups, including older people and those with limited digital access, may struggle to maintain easy access to essential financial services without reliable cash options.
AMAZON’S Jeff Bezos and the UK government have backed Cambridge-based AI startup CuspAI, which has raised £330 million in Series B funding, valuing the twoyear-old company at £2 billion. CuspAI uses artificial intelligence to discover new materials that could speed up advances in semiconductors, clean energy and carbon capture. The company has also launched the AI Materials Foundry, bringing together more than 48 partners, including Nvidia, Meta and Hyundai.
Gen-z reshape travel trends.
Credit: New Africa / Shutterstock
Forest fires have sparked funding debate.
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Admiral Group 3.778,00 3.792,00 3.755,10 20,87K
Airtel Africa 339,2 343,18 338 156,9K
Anglo American 3.844,00 3.869,00 3.782,00 420,53K
Antofagasta 3.813,00 3.841,00 3.765,00 94,92K
Associated British Foods 2.090,00 2.133,00 2.068,00 52,06K
AstraZeneca 12.814,00 12.894,00 12.680,00 167,69K
Auto Trader Group Plc 526,2 527,2 522 206,98K
Aviva 697,4 700,6 691,4 615,01K
B M European Value Retail 223,8 225,91 222,6 212,44K
BAE Systems 2.115,00 2.123,00 2.050,00 675,7K
Barclays 516,6 520,5 512,1 4,69M
Barratt Redrow 296,3 299,5 290,6 527,82K
Beazley 1.293,00 1.295,00 1.292,00 130,08K
Berkeley 3.496,00 3.512,00 3.466,00 15,26K
BP 545,2 546,9 538,6 3,48M British American Tobacco 4.541,00 4.581,00 4.523,00 243,34K
BT
1,73M
2.794,00 2.772,00 20,07K
154,63 155 152,55 918,18K
HBC AG 5.080,00 5.085,00 5.025,00 25,7K
31,42 31,96 31,26 157,35K
Group 228,8 230,2 227,8 255,42K
Intl 3.295,00 3.309,00 3.266,00 14,7K
2.583,00 2.544,00 27,15K
1.824,00 1.809,00 45,37K
Euro
Currency outlook: US dollar rocked by fresh hostilities in the Gulf, Pound stabilises as UK political risks fade
EUR/GBP: Down from £0.86 to £0.85
EUR/USD: Down from $1.14 to $1.13
The euro got off to a poor start in July, being pressured by some dovish signals from the European Central Bank (ECB).
While subsequent signals from the ECB struck a more hawkish note, the single currency remained pressured by weak Eurozone inflation and concerns over European energy security.
The focus now turns to upcoming Eurozone data, with a particular focus on inflation as EUR investors seek to gauge the odds of the ECB delivering up to two interest rate hikes by the end of the year.
Pound
GBP/EUR: Up from €1.16 to €1.17
GBP/USD: Unchanged at $1.32
The pound got off to a positive start in July, as GBP investors priced out recent UK political risk premium as Keir Starmer’s resignation ended months of speculation over his future.
While Sterling sentiment remained broadly positive as Andy Burnham took
BUSINESS EXTRA
Cost cuts
PUBS and clubs across England will soon feel some relief, as Prime Minister Andy Burnham announces a 20 per cent cut on business rates from April. Some 32,000 establishments will benefit, saving around £1,100 annually. Burnham also previously announced removing VAT from electricity bills, and a £2 bus fare cap.
Air growth
SPANISH airport operator Aena posted a firsthalf net profit of €1.002 billion, up 10.5 per cent year on year, while revenue climbed 9.1 per cent to €3.3 billion. Strong passenger growth and higher commercial income drove the results, highlighting continued demand for air travel and airport services.
office, the honeymoon period didn’t last long, with rising UK borrowing costs and mixed UK economic data curbing demand for the pound in the latter half of
the month.
Looking ahead, markets will be keeping a close eye on the correlation between Burnham’s performance and the UK
Cheese in trouble
SPAIN’S traditional sheep and goat cheese industry is facing mounting pressure as a wave of imports transforms the market and threatens the survival of smaller producers. In 2025, Spain imported around 435,000 tonnes of cheese, while domestic sheep and goat milk production fell by 3 per cent and 5 per cent respectively. The rise of cheaper foreign cheese is squeezing farmers’ margins and making it harder for artisanal producers to compete. Industry representatives
Football for sale
FIFA has come under fire recently, following an announcement it plans to sell the commercial rights to its tournaments, including the World Cup which recently grossed a record breaking €13 billion.
FIFA is reportedly working with US bank, JP Morgan, to explore setting up a minority stake subsidiarity through which private investors can purchase
shares in men’s and women’s football. Money raised would then be invested in infrastructure, competitions, grassroots and women’s football.
UEFA were quick to criticise, claiming FIFA were selling the “soul” of football. Following the backlash, FIFA stressed investors would not be investing in FIFA itself, nor would they play an operational role in the organisation.
bond market in the coming weeks, with the pound at risk of slipping if any of his fiscal policies alarm bond investors.
US Dollar
USD/GBP: Unchanged at £0.75
USD/EUR: Up from €0.87 to €0.88
The US dollar has traded erratically in recent weeks, with the resumption and subsequent pause of hostilities in the Middle East a major contributing factor.
Mixed US economic indicators, including a lacklustre payroll print and softer-than-forecast inflation, also infused volatility into USD exchange rates throughout July.
A key focus for USD investors in August will be the Federal Reserve’s annual Jackson Hole symposium, where the US central bank may offer more insight into how it may shape monetary policy through the second half of 2026.
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warn that the sector risks becoming “uberised”, wherein low-cost, large-scale productions replace traditional farming methods and local production.
The consequences could extend far beyond the dairy sector. Sheep and goat farming plays an important role in maintaining rural economies, supporting jobs and preserving agricultural traditions in Spain. A decline in local production could accelerate rural depopulation, increase dependence on imports and weaken the country’s reputation for high-quality regional cheeses. However, demand for cheese remains strong overall. The cheese market made up 0.22 per cent of Spain’s total exports in 2025, generating €881 million in sales, up 4.89 per cent on 2024. Producers believe the future of Spanish cheese depends on consumers prioritising quality, origin and traditional production.
Trillion milestone
APPLE has become the second company to reach a market capitalisation of $5 trillion (€4.4 trillion) when shares closed at $340.08 (€298.50). Notably, Apple hasn’t kept up with its competition in AI investment. Despite worries the company wasn’t capitalising off the boom, Apple stock has rallied, keeping pace with Nvidia for market supremacy.
Private markets
REVOLUT has introduced access to private markets in Spain, enabling customers to invest from just €1 through European Long-Term Investment Funds (ELTIFs). These offer exposure to private equity, credit and infrastructure. Although the low entry point increases accessibility, these investments are relatively illiquid and best suited to long-term portfolios.
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Costa del Sol Jackpot dream
A REGULAR lottery player in Fuengirola turned a night-time dream into a life-changing reality after scooping a €1,000,000 jackpot from an ONCE scratch card.
The dramatic win unfolded when the local resident approached vendor Jose Manuel Campos, known affectionately as ‘Josele’, in Plaza de la Hispanidad. The customer shared that he had just dreamed about winning a seven-figure fortune. Trusting his premonition, he purchased a ‘Mega Millonario’ scratch card.
Scraping off the coating right on the street, the player revealed the top €1 million prize. Overcome with emotion, the winner tearfully hugged Josele.
The vendor expressed his own disbelief, describing the rare moment of handing over a life-changing ticket as the best part of his job.
Costa Blanca South Racing legends
MORE than 1,000 runners took to the streets of Novelda for the 38th Ascent to the Sanctuary of Saint Mary Magdalene, marking its largest event ever.
As one of the longest-running races in Alicante province, the event welcomed former world champions Abel Antón and Martín Fiz, alongside Olympic gold medallist Fermín Cacho.
Although Cacho was unable to compete due to injury, the three athletics legends met participants and spoke about the importance of determination, perseverance, and hard work.
Held on August 1, the race brought together athletes, families, volunteers, and local residents, reinforcing its reputation as a major Costa Blanca community occasion. In the race itself, Bouchrak El Houcine claimed overall victory, while Cristina Juan was the first female runner across the finish line. Nearly four decades after its inception, the tradition continues to unite generations of runners and supporters.
Axarquia Tradition in the hills
IZNATE is preparing for its 26th Dia de la Uva Moscatel on Saturday, August 8, offering visitors a free taste of the region’s famous grapes and wine. From 7pm, street stalls will serve traditional dishes prepared by locals, including ajoblanco, gazpacho, potato omelettes, cured meats, and sweets. A craft market opens at 8pm alongside live music.
More than 2,000 families across the Axarquia area still cultivate Moscatel vines, a crop grown locally since at least the late 16th century. In 2018, the United Nations Food and Agriculture Organisation recognised these traditional growing and drying methods as a Globally Important Agricultural Heritage System - the first such award in Europe.
The festival marks the official start of the harvest and represents the highlight of Iznate’s summer cultural programme.
Holding Provincial Tourist Interest status for over two decades, the celebration provides an authentic taste of village life away from coastal crowds.
Costa Blanca North Fireworks and fun
GANDIA’S beachfront came alive as hundreds of residents and visitors gathered for La Festa a la Mar, a celebration marking the arrival of August with an evening of music, culture and spectacular entertainment.
The popular event transformed the city’s seafront into a lively festival space, showcasing the traditions and atmosphere that make Gandia one of the Costa Blanca’s favourite summer destinations. Festivities began with a colourful fallas parade, before visitors explored the Gandia City of Festivals exhibition.One of the evening’s biggest attractions was a dramatic night-time mascletà, filling the sky with fireworks and thunderous pyrotechnics. The celebrations continued with live performances by Luis el Belga feat. Walectric, followed by a DJ set from Pascal Renolt.
Mayor José Manuel Prieto joined councillors Balbina Sendra and Adrián Vila on the seafront as they welcomed locals and holidaymakers.
Almeria
Let the games begin
THE Almanzora Valley came alive with colour and friendly competition recently when Purchena hosted its traditional Aben Humeya Moorish Games. Every year, the event blends history with sport, bringing together local residents and visitors to showcase the town’s heritage and legacy.
As an event of National Interest in Andalucia, all eyes were on Purchena. Celebrating its 23rd edition, the annual event recreated the revelry of the 16th century. The town was decorated in colorful bunting and mediaeval banners, while attendees wore authentic Moorish and Christian inspired costumes. An artisanal food market, music, parades, and historical re-enactments added to the atmosphere.
The highlight was the traditional competitions held each evening, starting with Moorish Wrestling in Purchena Square, set on a stage of sand ringed by hay bales. Other medieval contests included archery, weight-lifting, stone throwing, chess, singing, and dancing. Each night of the three-day event ended with Arabic dance and live music into the early hours.
FRESH from the excitement of the 2026 FIFA World Cup, where Spain was crowned champion, the Region of Murcia is beginning its countdown to the 2030 tournament. Co-hosted by Spain, Portugal, and Morocco, the 2030 World Cup will expand to feature 64 participating nations.
Some of the Murcian sites that are being eyed for the next World Cup include the established Pinatar Arena in San Pedro del Pinatar, the Grand Hyatt La Manga Club Resort in Cartagena, the DoubleTree by Hilton, La Torre Golf and Spa Resort in Torre Pacheco, and the newly developing Alhama Arena Football Centre in Alhama de Murcia. A fifth nearby complex, La Finca Resort in neighbouring Algorfa, is also integrated into the network via Pinatar Arena.
Murcia aims to use the opportunity to boost its global tourism profile and attract sports investors.
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Summer coat care
A HEALTHY coat does far more than make your pet look their best. During summer, it helps regulate body temperature, protects the skin from the sun and keeps your cat or dog comfortable, even on warmer days.
Regular brushing is one of the easiest ways to support your pet’s coat. It removes loose fur, prevents tangles and allows air to circulate more freely through the coat. Long-haired breeds often need brushing several times a week, while short-haired pets usually benefit from a weekly groom.
It can be tempting to shave a thick coat when temperatures rise, but this isn’t always the best solution. A pet’s coat acts as natural insulation, helping to keep them cool as well as protecting their skin from harmful UV rays. Unless your vet or a professional groomer recommends otherwise, it’s usually better to keep the coat well maintained rather than clipping it very short.
Keeps your cat or dog comfortable all summer long.
Bathing can also help during the summer, but avoid overdoing it. Washing too frequently may strip away the natural oils that keep the skin and coat healthy. Finally, keep an eye out for
Sweaty paws
UNLIKE humans who sweat from all over, dogs and cats can only sweat through their paw pads. When they get overheated or stressed, you might even notice damp paw prints left on the floor. To cool down efficiently, they rely on other mechanisms like panting or grooming instead.
fleas, ticks and signs of skin irritation, as these are more common during the warmer months. With a little extra grooming and care, your pet can stay comfortable, healthy and ready to enjoy the summer.
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Copa del Rey returns
THE Palma bay is once again in the spotlight as the Copa del Rey returns, bringing together some of the world’s finest sailing talent for one of the Mediterranean’s most prestigious regattas. With leading professional crews, Olympic medallists and former world champions on the start line, the standard of racing is expected to be as high as ever.
Across six classes, the competition will test every aspect of a crew’s performance. Success in Palma demands far more than speed, with changing sea breezes, tactical decision-making and flawless teamwork often proving decisive over a demanding series of races. Every point matters, leaving little room for error.
Among the leading contenders is the Estrella Damm Sailing Team, which returns as defending ORC A champion after another impressive
campaign. The Spanish crew faces strong opposition from an international fleet packed with race winners, making the battle for class honours one of the highlights of the regatta.
This year’s edition also began on a poignant note, as King Felipe VI led competitors and organisers in
a tribute to two respected members of the sailing community whose recent passing has been felt throughout the sport.
The moment of remembrance highlighted the strong sense of camaraderie that defines the event, where fierce competition is matched by mutual respect.
An exciting week of sailing in Mallorca.