in Spain Thousands of people protested again against mass tourism. According to organizers, 25,000 people took to the streets in the southern Spanish city of Malaga. They held up posters with slogans such as „Malaga is not for sale” and „This is not tourism, this is an invasion.”

I am also in Andalus Located in Cádiz, several hundred people gathered in the historic center of the city under the slogan “One more tourist, one less neighbor.” Many cruise ships land in the coastal city of Cadiz.

In the past few weeks and months, large protests have broken out against the influx of holidaymakers to popular holiday destinations, including Mallorca, Barcelona and the Canary Islands. According to Spanish media, Malaga has now witnessed one of the largest demonstrations in recent memory.

Vacation apartments make living space even more scarce for locals

The Sindicato de Inquilinos e Inquilinas tenants’ association called the march. The group blames the ever-increasing number of visitors and holiday rentals for a housing shortage and other problems. „The city is suffering, there is a lot of discontent. The housing problem in particular had to be put on the table,” spokesman Koro Machuca said, according to the newspaper. El Pais.

With over 12,000 legally registered holiday rentals, Malaga in Spain is behind only Madrid and Barcelona. In addition, many private holiday accommodation in Malaga and elsewhere are operated illegally. „The situation is untenable. It is impossible to buy a house,” one protester told a reporter. El Pais.

Spain is the second most popular holiday destination in the world, according to official statistics, with 85 million foreign tourists coming here last year.

Is it the third gender?
Many Swiss do not feel like ESC

June 29, 2024 at 5:06 pm

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Following the victory of musical talent Nemo, the Eurovision Song Contest will be held in Switzerland next year. However, according to a survey, anticipation among the Swiss is limited. Supporters of the right-wing People’s Party are particularly skeptical.

A slight majority of Swiss people have a negative view of hosting the Eurovision Song Contest 2025 in their country, an opinion poll has shown. The newspaper „Blake” published a representative opinion poll of about 25 thousand people, which showed that 49 percent of them were clearly or rather skeptical about the music competition.

46% clearly support, or rather support, Switzerland hosting the Economic and Social Council, and 5% do not have a clear opinion yet. But it is already clear that the song contest will be held in Switzerland next year after Swiss musical talent Nemo won this year’s edition in Malmö in May.

According to the survey, approval was higher among people with a higher level of education and those with left-wing political views compared to other demographic groups. 74% of supporters of the right-wing People’s Party reject the Economic and Social Council. According to Blake, this may also be due to the fact that Nemo, as a person who identified as neither male nor female, sparked controversy over the official recognition of the “third gender” in Switzerland.

Nemo, who was born in Biel, Switzerland, in 1999, came out as non-binary in 2023 and has not used a pronoun since. Nemo lives in Berlin. At the ESC in May, Nemo competed with the song “The Code” and won. The autobiographical song explores Nemo’s life.

Wall Street is red
Trump Media shares fall after TV duel

June 28, 2024 at 10:45 pm

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The televised duel between Biden and his Republican rival is also a topic of discussion on US stock exchanges. While Trump is more convincing to TV viewers than the current president, the same cannot be said for his company’s stocks. Overall, Wall Street closed lower.

US stock exchanges closed on sales at the end of the trading week. the Dow Jones index It closed down 0.1 percent at 39,123 points. Standard & Poor’s 500 It fell 0.4 percent during Nasdaq Composite Down 0.7 percent. There were a total of 1,625 (Thursday: 1,698) price winners and 1,199 (1,113) losers. 55 (81) titles closed unchanged.

Published economic data showed light and shadow. The Fed’s preferred price measure, the Personal Expenditure Price Index (PCE), rose 2.6 percent in May, in line with economists’ consensus expectations, after a 2.8 percent rise in April. Personal income, published in conjunction with the Personal Consumption Expenditures price index, rose slightly more than expected last month, while personal spending rose slightly less.

Trump Media Decline

Meanwhile, the mood of Chicago-area purchasing managers improved in June. The index rose to 47.4 points. In May, the index reached 35.4 points. Economists had expected a value of 40.0 points. In light of the already strong US economy, this has dashed hopes for interest rate cuts that had arisen due to lower inflation, the market was also told. Meanwhile, US consumer sentiment weakened in June.

The main topic of conversation was the presidential election campaign in the United States. In his first live television duel, President Joe Biden, according to public perception, did not make a good impression against his rival Donald Trump, who is usually seen as more business-friendly. Doubts are now growing within the Democratic Party about whether Biden is the appropriate candidate given his old age. Shares of the company founded by Donald Trump Trump media However, they closed with huge losses of 10.9 percent after they initially started trading at premiums.

Bond yields rise significantly – dollar little changed

In the US bond market Yields initially fell with the release of published economic data, but then rose again. The 10-year bond yield rose significantly by 10.5 basis points to 4.39 percent. In the Foreign exchange market The dollar was steady. The dollar index was barely changed.

the Oil prices It tends to be somewhat lighter after the previous day’s big increases. West Texas Intermediate crude fell 0.3 percent. Brent held steady on the previous day. The previous day, hopes of higher demand during the holiday season supported prices.

the gold price Give way moderately. The price of an ounce decreased slightly by 0.1% despite the rise in market interest rates. This means that the precious metal was largely able to maintain its significant gains from the previous day.

Nike buckle

Nike It came with a sales warning. The sporting goods manufacturer expects sales to decline by 10 percent in the current first quarter. In the just-ended fourth quarter, revenue actually contracted and missed expectations. Nike shares fell by 20 percent. Competitor course under the shield It decreased by 2.6 percent. Shares of a sports shoe retailer foot locker It decreased by 2.4 percent.

embracing decreased by 44 percent. The health care provider issued a disappointing forecast. Infinera Its price increased by 15.8 percent. Nokia will buy the network solutions provider for $2.3 billion, representing a significant increase from its previous share price.

You can find everything else about today’s stock market events here.