Facebook is celebrating after its revenues rose above $12 billion for the first time.
The profits were greater than had been predicted by analysts and resulted from a higher number of people logging on to it as well as an increase in advertising revenue.
A Dutch eye doctor who used to operate from a well known clinic in Lagoa has received a four year, eight month suspended jail sentence for robbing patients of their sight by using equipment that had not properly been disinfected.
Franciscus Versteeg also has to pay €15,000 in hospital treatment costs for those of his patients that later had to receive care from Portugal’s national health service after their operations at the I-Q-Med clinic went wrong.
The government is to pay incentives doctors to work in the Algarve’s public health service hospitals.
Tax relief and pay bonuses are on the cards as part of a plan to halt the devastating decline in the number of Doctors who are willing to move to the Algarve and work in the national health service.
Victor Guerrero, as the president of the Association of Trade and Services of the Algarve Region (ACRAL), today welcomed the vote by Faro council to reject an application for a license for the building of access to the retail centre already being built by IKEA.
The license needed from Faro council is for the access from the Via do Infante motorway to the new shopping centre on Loulé council land.
The mixed news from Ikea is that international sales were up by nearly 6% but profits did not grow.
The world’s biggest furniture retailer said it had had 5.9% growth to €28.7bn last year. At the same time, it spent an increased amount on staff bonuses (€98 million) and made sharp cuts in its prices.
Millennium bcp will be the main sponsor of this year's Portugal Open tennis tournament.
The contract will be signed in next few days for a total deal worth €700,000 making the bank the main sponsor of the event.
Apple is reeling in money, making the biggest profit ever reported by a company.
The equivalent of $8.3 m is coming into Apple’s coffers every hour of the day.
Tivoli Hotels in Brazil has been bought by a Thai company meaning that the four hotels in Portugal also are now part of the Minor International Company Ltd.
The Minor Hotel Group has bought a total of six hotels from Tivoli Hotels & Resorts for €168 million as part of the Thailand-based group’s expansion into Europe and South America.
