Power Cut, Interest Rates, Cavalcade

A Gibraltar-wide power outage, which started shortly before midnight last night, was caused by a failure on a power transformer at the North Mole Power Station. Christina Cortes sprung to action last night when the power cut, and Chief Executive at the Electricity Authority Michael Caetano was also in the studio to provide more details. January is often a difficult month financially. Christmas is expensive, and the wait for that next pay cheque can be painful. More generally, if you're planning your finances for the year, you'll want to know what sort of 12 months it's likely to be for borrowing from banks. And if you've got savings, what sort of return you might get. The Chief Treasury and Investment Officer at the Gibraltar International Bank Gerald Rodriguez gave us some tips, as well as an insight on how things are looking, from an investment perspective, for 2024.And, did you enjoy the Three Kings Cavalcade? Jose Marie Ruiz was part of GBC's live broadcast team on Friday night, and on Saturday Kevin Ruiz attended a Cavalcade reception at the Mayor's Parlour. Hosted on Acast. See acast.com/privacy for more information.