Manufacturing output in the eurozone slowed during the month of May, despite having expanded during the previous 11 months.

At the same time, the overall health of the area’s economy was still up by 0.5%.

The average person in the UK relies heavily on the use of debit cards and uses cash for purchases of just £9.47.

Shoppers have switched to the use of debit cards, credit cards and make more purchases online. While cash is still in play, the number of transactions and the average amount spent has fallen year-on-year.

The world’s first corruption tourist agency is claimed to be in the Czech Republic.

Corrupt Tours’ intention is to focus on corruption and the problems it creates, according to its founder Petr Sourek.

Portugal’s top high street banks, CGD, Millennium BCP, BES, BPI, Banif and Montepio have between them needed a total capital injection of €18.1 billion since 2008.

The figure is made up from capital increases and state aid.

Even Finance Minster, Maria Luís Albuquerque, acknowledges Portugal’s "very high debt" with the inclusion of the debts of the national railway company, and Oporto and Lisbon’s rail transport networks.

Portugal's total debt, as calculated using the Maastricht formula which allows comparisons between EU countries, rose in late April to €225.9 billion, an increase of €5.2 billion from the previous month, according to an announcement by the Bank of Portugal.

La Rose, one of the most recognised and emblematic brands from the Algarve’s proud tradition of pioneers in the fish canning industry, is being relaunched by Ramirez & Cª, the oldest cannery company still in operation.

"Despite having been withdrawn from the market 40 years ago the brand continues to display a range of reasons why we had a rethink and are to bring it back to the market," said Manuel Ramirez, manager of the canning company.

King Juan Carlos of Spain plans to abdicate, as announced by Prime Minister Rajoy.

Crown Prince Felipe, 45, will become the next king.

Loulé has been chosen as a European City of Sport 2015 in an award ceremony this week-end presided over by the President of the Association of European Cities and Capitals in Europe, Gian Lupatteli.

Loulé mayor, Victor Aleixo, interpreted the choice as "a stimulus to the promotion of sport policies and health," placing particular emphasis on "informal sport" practiced by large sections of the local population from the coast to the mountains, "Not just in competitive sporting competitions."