Lidl Portugal has become the first supermarket operating in Portugal that stocks only ‘sustainable origin’ cod carrying the Marine Stewardship Council stamp of approval.
Portugal remains cod-crazy with the fish accounting for 20% of the total consumed in the country, a large percentage of annual sales occurring in the run-up to Christmas, around 25,000 tonnes.
The trial opened on Monday of the leader of the International Monetary Fund, Christine Lagarde.
She is accused of negligence over a payment of €400 million to a French business tycoon when she was France’s finance minister (2007-2011).
The longest rail tunnel anywhere in the world has begun regular service in Switzerland.
It took 17 years to build the 35 mile stretch under the Swiss Alps, racked up costs of more than 12 billion Swiss francs (€11.2 billion) but provided the first flat route through the Alps.
Portugal has entered 'boom and bust' territory as the sharp declines in property prices triggered by the 2008 economic crisis have been replaced with significant increases.
The IMF economists stress that it is not yet time to panic, but to keep an eye on property price levels with Portugal recording the 15th highest annual increase among more than 60 countries analysed.
The latest Ernst & Young survey on corruption placed Portugal in fifth place behind Croatia, Kenya, Slovenia and Serbia, India and the Ukraine.
The survey interviewed 3,800 workers in 38 countries and showed that 83% interviewed in Portugal agreed that bribery in the country was widespread, unchanged from the 2015 result despite many high-profile cases hitting the headline this year.
A special deal for expats is being fast-tracked to the Brexit negotiating table, bypassing other steps which could take years to decide.
Guy Verhofstadt, the European Parliament’s chief negotiator, has confirmed that people from the UK will be given the chance on an individual basis to opt-in and remain EU citizens.
The latest strike by pilots at Germany’s Lufthansa airline has cost the company €100 million, according to the company.
The action in November lasted six days and caused major disruption for hundreds of thousands of would-be passengers.
José Maria Ricciardi has left Haitong Bank with its Chinese owners preparing to announce several more top level changes. The news of Ricciardi's exit was communicated on Friday 9th December to the Comissão de Mercado de Valores Mobiliários (CMVM).
Haitong Bank already had given signs that it intended to present a new management team to the regulator by the end of this year but the reasons behind Ricciardi’s abrupt departure are not yet known, nor is it known whether he is leaving of his own volition.
