Earth Quake
THE Canary Islands were hit by a 4.2 magnitude earthquake this morning at 7.36 mainland time according to the National Geographic Institute .. they reported a seismic movement almost exactly in mid way between Gran Canaria and Tenerife, at a depth of five kilometres.
The seismic movements were felt in 10 municipalities of both islands and lasted less than a minute.
Another three small quakes were detected in the same area shortly afterwards.
International Arrest
AN Afghan man wanted for shooting a rival gang member with an AK47 rifle has been arrested on the Costa del Sol.
Police in Benalmadena arrested the 24 year old international fugitive who’s wanted by the Danish authorities.
Known only as WA, the suspect tried to flee in a taxi before being detained.
His arrest comes after an ‘arduous’ investigation following the issue of an international arrest warrant.
According to Police in Denmark He’s is part of a criminal organisation and shot a rival gang member in the stomach in September.
Police seized a forged Bulgarian driving license when they made the arrest.
Migration Figures
Morocco stopped 89,000 people from illegally migrating last year, up 37 percent compared to a year earlier.
Morocco, which other Africans can visit without visas, has become a major gateway for migrants into Europe since Italy´s tougher line and EU aid to the Libyan coastguard curbed the number of people coming from Libya.
In 2018, Moroccan authorities dismantled 229 migrant trafficking networks, the interior ministry´s figures showed.
The EU has already transferred 30 million euros to help Morocco curb illegal migration so EU foreign policy chief Federica Mogherini said yesterday at a news conference in Rabat.
Bank Job Cut’s
Spain’s third-largest bank Caixabank has proposed to unions the layoff of 2,157 workers .. around 7 percent of the total workforce in Spain, as part of its restructuring plan.
The lender said back in November that it planned to cut almost a fifth of its branches in Spain over the next three years in a drive to boost profitability while pursuing digital transformation.
Bank Note Cut’s
THE Bank of Spain will stop issuing €500 banknotes from Sunday, January 27, amid growing concern they are being used for criminal activity.
A similar practice was adopted by the Eurosystem, the monetary authority of the eurozone, in May 2016.
The notes, however, will continue to be legal tender and can continue to circulate and be used as a means of payment.
Professional sectors, such as banks may also recirculate the banknotes.
The notes will hold their value indefinitely and may be exchanged at the national central banks of the euro area at any time.
According to figures published by the Bank of Spain, there were 31 million €500 notes in circulation in November.