British spending habits could spell danger

britishmoneyWith the British economy returning to health, the temptation of consumers to spend themselves into debt could again bring down the economy.

Household debt had rocketed to 170% of disposable income before the crisis. Although it receded during the years of the recession, the drop was small.

Visitors flock to Britain, breaking records

chinesetouristInternational visitors to the UK spent £21billion during the course of 2013, a jump of nearly 13% over 2012.

The number of visits also reached a record with 33 million trips to the UK from abroad, a rise of 6% over 2012.

Portugal - deputy PM cheerily optimistic - 'lessons must be learned'

portas2"On the day we present the final version of the State Reform," Paulo Portas said it was "impossible for the country to have achieved better results than the existing ones."

In a keynote speech today, Portas said it was the government’s duty to not make the same mistakes as had been made in 2011.

PayPal fraudsters target Portugal

fraud2Portugal’s Judicial Police is investigating a wave of fraudulent activity where cyber-crooks have duped PayPal customers into revealing their account details.

Seemingly genuine emails are being sent to Portuiguese PayPal account holders asking for personal data, claiming that their account is locked.

Portimão - Blue Flag full house

praiadarochaPraia da Rocha, Três Castelos, Vau, Alvor Nascente - Três Irmãos and Alvor Poente, as well as Marina de Portimão give the struggling municipality of Portimão every chance of a good summer as all of the council's beaches have gained coveted Blue Flag status.

The beaches have satisfied stringent criteria including information and environmental education, water quality, environmental management and equipment, as well as security and allied services.

Algarve police on the ball

gnrlogoThe GNR in Albufeira witnessed a robbery taking place, chased the thief and arrested the man who had successfully relieved a British tourist of his wallet.

The robber was observed, saw he had been spotted by the GNR and fled on foot through the winding streets of the old town but was no match for the fitter, faster GNR team who arrested him and returned the wallet to the surprised tourist.

Barclays to pull out of Europe

barclayshqBarclays has announced that it will axe 19,000 jobs in the next three years, 7,000 of them in its investment bank, as announced by its chief executive Antony Jenkins.

The cuts will include 9,000 in the UK.

Chinese police to patrol Paris

eiffeltowerPolice in France, still struggling to protect tourists from pickpockets, are to draft in Chinese police to help.

The Chinese officers will be posted to key landmarks to prevent Chinese visitors – around 1 million visiting France every year – being targeted by pickpockets and muggers.