New global rules to stop tax-payer bail-outs of banks are being formulated by global regulator the Financial Stability Board.
In future, big banks will have to hold more money in order to survive big losses while shareholders would be the first to suffer losses if banks could not pay from their own resources.
A group of scientists in Italy sentenced to prison for failing to predict an earthquake has had that verdict overthrown.
The March 2009 earthquake in L’Aquila caused the deaths of 309 people as well as the destruction of many of the medieval town’s buildings.
Great news for the Algarve as Lisbon’s 2015 budget contains plans for a ‘per night’ tourist tax to start in 2016, and an airport tax to start next year.
Lisbon’s City Hall is planning to charge a tax for each overnight stay in the capital, up to seven nights, in a move to increase council income at the expense of hoteliers, and ultimately the tourists themselves.
The Ebola scare has been replaced with widespread concern bordering on panic as victims have started to die from the worst outbreak of Legionnaire’s disease ever recorded in Portugal.
The Director-General of Health, Francisco George, said today that there have been five fatalities related to Legionnaires' disease. By mid afternoon today 233 cases have been reported and 38 patients are in intensive care units.
Castro Marim, Vila Real de Santo António and Olhão are the three test councils where Águas do Algarve intends to supply water directly to the consumer.
The current tariff for the sale of water from Águas do Algarve is the same for all the councils, but each then sets the selling price to consumers, some higher than others.
In what turned out to be an unofficial poll, voters in Catalonia opted decidedly for independence.
Of the 2,250,000 people, including foreign residents, who turned out to vote, about 80% backed independence from Spain, according to the poll organisers. The region’s population is 7.5 million.
Black Friday 2014, scheduled for November 28, could be the biggest online shopping day the UK has ever experienced.
What has been a shopping experience in the UK spread in 2010 to the UK when Amazon offered Black Friday discounts to British buyers.
A forensic audit commissioned by the Bank of Portugal to delve into the activities at Banco Espírito Santo in the period leading up to its bailout this August will report formally later this month.
The consulting firm Deloitte which is carrying out the audit so far has been unable to identify the recipients of BES Chief Executive Ricardo Salgado’s largesse as hundreds of millions of euros were transferred to offshore companies in the lead up to the BES failure.
