The mood is likely to be sombre at Ryanair after it announced its first fall in annual profit for the last five years.

Profit after tax was down 8% on the year before, recorded at €523 million.

A baby girl currently is in hospital for her own safety after she was removed from her Irish parents by Albufeira police.

The 14-month old girl is now under the protection of the Juvenile Court which is to decide her and her parents’ fate.

Nearly 250,000 taxpayers in the UK were the subject of tax investigations during the 2012-13 financial year.

The number of inquiries HM Revenue & Customs (HMRC) made about taxpayers it thought were not paying enough tax has doubled over the past two years, according to new figures obtained by the Daily Telegraph.

'Portugal Laden With $293 Billion Debt Exits Bailout Plan' read the Bloomberg headline followed by a no-nonsense analysis of Portugal's progress and financial exposure.

"Portugal exited its international bailout program yesterday, regaining the economic sovereignty the nation lost after the European debt crisis erupted while facing enduring challenges to its finances.

Britain today has 30,000 wind turbines onshore, an increase of 13% over the last year.

Analysis of the numbers was conducted by RenewableUK, the wind industry body, but the number is at variance with that of 4,399 quoted elsewhere in the industry.

The crisis has passed by the super-rich in Portugal who have seen their assets increase despite the country’s impoverishment due to a series of tax rises and austerity measures.

The Leona Helmsley truism, “only the little people pay taxes” may be true as tax-efficient schemes and the relocation of head offices to fiscally friendly Holland has helped many of Portugal's top company's avoid Portugal's repressive fiscal regime.

The President of the Republic of Portugal, Cavaco Silva, said today that Portugal has to "quickly grab the open doors" left by his visit to China and must use the goodwill shown by China’s leaders to strengthen Luso-Chinese cooperation.

"I think at this point in Portugal there is some recognition that a deepening of relations with China is important for our economic growth and can solve some problems such as unemployment," said Cavaco Silva, speaking in Macau at the end of his far eastern visit.

Two Germans, 65 and 75-years old were rescued on Saturday afternoon after their inoperable boat was smashed on the rocks at Praia do Alemão between Portimão and Alvor.

The two men had to be evacuated by a rescue team of firefighters from Portimão who has to winch the men to safety up the cliff due to the hazardous sea conditions below.