TAP employees plan demonstrations on privatisation day

tapTAP employees will hold a protest on 24 June, the day of the signing of the sale agreement between the government and the successful bidder, Gateway.

The demonstration is in protest at the airline’s privatisation and was decided today by the workers’ unions and Groundforce.

Via do Infante coach smash leaves three Dutch tourists dead

a22dutchcrashThree Dutch tourists died last night as their transfer coach plunged from the Via do Infante motorway onto the road below near the Paderne exit.

Two women and one man were confirmed dead as emergency services arrived to help the 31 passengers who were wounded, eight of them seriously.

Germany’s Autobahn toll challenged by Europe

bmwGermany, which was on course to introduce a controversial road toll, has postponed its implementation after the European Commission challenged it with legal action.

According to the Commission, the toll would discriminate against foreign drivers. The scheme would charge everyone an annual fee of up to €130 to use the Autobahn network and other major highways.

The rich grew richer last year

yachtThe richest 0.2% of the globe’s population now controls more than 20% of world assets.

A boom in the global stock markets have helped create almost one million new millionaires as well as increasing the wealth of seriously affluent people.

Police control latest BES protest without the use of riot batons

novobancoThose customers that have been financially disadvantaged by the loss of their savings in the BES 'commercial paper' scam, carried out by staff on the orders of the old hierarchy, refuse to go away and die even though this would an ideal solution for the Bank of Portugal's governor Carlos Costa.

Around 100 BES depositors who have had their money snitched away on the orders of disgraced Espírito Santo chief Ricardo Salgado, gathered today in front of the Novo Banco head office in Lisbon.

Mortgage lending eased for expats

cottageBritish expats seeking to buy property in the UK may now be able to get a mortgage through Skipton International.

Applicants must be aged 70 or under and meet strict income criteria to qualify. The loan must be repaid by recipient’s 85th year.

Three foreigners nabbed in Vilamoura hashish haul

hash2Portuguese police have seized 850 kilos of hashish off the Vilamoura coast and arrested three men, all non-Portuguese.

The sizeable discovery of drugs happened after an inflatable boat was intercepted and found to have the hashish hidden on board.

Seizures of BES directors' assets continue

salgadoBESPortugal’s judicial authorities have confirms five searches and the seizure of family assets of those involved in the Espírito Santo case including family members and former directors.

Houses belonging to Ricardo Salgado (pictured) in Estoril and Comporta have been searched where jewellery, gold, tapestries, artwork and cash have been seized along with and other assets such as boats and cars.