There are five proposals from interested parties to taken over Portugal’s loss-making Novo Banco which, as Banco Espírito Santo, was once the powerhouse behind Ricardo Salgado’s Grupo Espírito Santo empire.
The 5 p.m. deadline was met by all five on the short-list, including latecomer Minsheng Financial Holding Corporation Ltd which was not disqualified despite not completing the preliminary hurdles necessary to be considered as a viable bidder.
A 56-year-old woman who lured, seduced, drugged and robbed a man in Quarteira has been arrested by police in Santarém.
According to the Loulé GNR, the woman picked up the man ‘in a commercial establishment’ and, promising sex, went back to his property where she slipped a drug into his drink, waited for him to succumb and robbed him of money and gold.
Three London Court of Appeal judges unanimously have ruled that the legal dispute between Novo Banco and the US bank Goldman Sachs will have to be resolved in Portugal and not in the British courts.
This decision overturned a lower court decision in August that stated that the loan set arranged by Goldman Sachs in favour of the former Banco Espírito Santo (BES) just two months before it collapsed, could be heard in London.
Eurozone unemployment has dropped to its lowest level in five long years.
The rate eased to 10% in September, the same as it had been in August this year, and an improvement over the 10.6% rate in September last year.
Venice is another leading city for tourism which is reassessing its ability to cope with the pressure of increasing visitor numbers.
After years of complains from locals, the city is finally giving serious consideration to placing limits on the number of people allowed into its historic centre.
Portugal's Civil Protection Authority has issued a serious warning - people must be alert for extreme winds and floods in the next 24 hours.
The bad weather warning comes from the Authority after discussions with the weather service whose predictions have worsened for the districts of Faro, Beja and Setúbal involving heavy rainfall and high winds on Friday November 4th.
Portugal's banks, despite an initial reluctance to join in, have been offering a low-cost account option to qualifying customers.
The scheme is going well with strong growth in the first half of 2016 reported by the Bank of Portugal, with over 30,000 customers opting for a low-cost account that allows them to carry out basic ‘essential’ transactions.
The Judicial Police force struck again on Thursday Oct 3rd with officers involved in Operation Zeus arresting five people and classifying a further 40 as official suspects in a swoop on Portuguese Air Force bases, houses and offices of businesses that have food supply contracts with the military.
About 400 police from various divisions were involved in the widespread search at the various Air Force facilities in an operation into corruption that is said to have cost the taxpayer around €10 million over the past two years.
