Weekender Alicante South Issue 109

16 FRIDAY 20TH SEPTEMBER 2019
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ALICANTE’S El Altet airport
increased passenger
numbers by 8% in August
compared to the same period
in 2018, according to
the latest figures released
by operator AENA.
August is regarded as the
most important month for the
airport with both domestic
by Simon Russell
and foreign tourists coming
down to this part of the world
for their summer holidays.
2019 as a whole has also
seen an 8% increase and is
well on track to break the
year end passenger numbers
record. Last month saw
1,522,017 people flying to and
from Alicante from abroad and
168,899 from within Spain.
As usual the UK had easily
the highest numbers of
foreign travellers, around
40% of the total.
This was followed by
Germany, the Netherlands,
Belgium, Norway and France.
UK school firm
investing locally
COGNITA, a UK company
which runs schools all over
the world, is investing an extra
million euros in Valencia.
They have joined the organisation
running the
existing British School of
Valencia (BSV) and are investing
the extra cash in the
Avenida de Paris centre to
expand it by 20%.
This will include seven new
classes, a science laboratory,
art room and library. BSV is
a private school offering British
education to pupils of all
nationalities.
As well as the UK and
Spain, Cognita runs schools in
countries such as Singapore,
China and Switzerland.
Fears of global
slump grow
THE US Federal Reserve
has cut interest rates this
week, prompting fears
that they are anticipating
an economic slowdown or
even recession.
They were cut from 2% to
1.75%, saying this was due
to a weakening of the domestic
economy.
Fed Chairman Jerome
by Simon Russell
Powell took a swing at President
Trump, blaming this on
“trade policy”, almost certainly
a reference to Trump’s
tariff war with China.
Trump in turn tweeted
that Mr Powell was “a terrible
communicator and had
no guts” and he should have
cut the rate further.
Lower rates make borrowing
cheaper, fuelling
economic activity, in theory
at least. Any US financial
crisis or even blip is likely
to have a major knock on
elsewhere, with the last
full blown crisis being triggered
by American banking
problems.
Federal Reserve chairman Powell makes the announcement this week