Portugal’s government has lost the case brought by Santander which claimed that its swaps contracts involvoing Portugal's public transport companies were entered into knowingly and were valid.
A London court agreed with the bank’s position and ordered Portugal’s public transport companies to pay the €1.8 billion due under the terms of the complex financial instruments.
Police from Silves have busted an illegal gambling den in Parchal, Lagoa.
The manager of the enterprise, 34, was arrested and searches also were carried out at another site and in a vehicle.
A new D&B study concludes that there are more women in top roles in Portugal’s companies. This is a positive trend, albeit a slow one.
Although men dominate the top jobs, the study found that women led 28.5% of Portugal’s companies at the end of last year.
Gold has returned to the headlines as jittery investors turning to it have upped the price.
On Friday it rose to $1,273 an ounce on Friday, up from $1,053 as recently as December, an increase of 21%.
Myrtilis, the Iberian lynx released into the wilds of the Alentejo in January this year, has been found dead.
Staff at the Institute for the Conservation of Nature and Forests confirmed the loss today, stating that Myrtilis "was found dead by the field team in an area near the release site in the normal course of monitoring thoe animals introduced to the wild in the Mértola region."
Portugal’s former Finance Minister under the latter part of the Pedro Passos Coelho coalition administration has accepted a job while still serving as an MP.
Maria Luís Albuquerque was has been appointed as a non- executive director of a British debt management company deeply involved in the Banif fiasco.
Spanish police have raised nearly €1 million from fines imposed on thousands of people who did not respect the police.
The country introduced a public security laws last year which limited freedom of speech and the right to peaceful protest. The controversial act, dubbed the “gag law”, allows for fines ranging between €100 and €600,000.
Switzerland has topped the league for innovation as it made more European patent applications per capita than any other country in 2015.
Switzerland applied for 873 patents per million inhabitants in 2015, a 2.6% rise over 2014, according to the European Patents Office (EPO).
