The Bank of Portugal wants to ‘change the relationship’ between banks and their customers.
Carlos Costa has decided that bank customers have to realise that there are risky financial products and safe financial products and said there was a need for a change in the relationship between customers and their banks.
Both the French and the Greek economies saw their manufacturing sectors “mired in contraction” in April, according to the respected Markit survey.
The French economy is the second largest in the eurozone after Germany. The country’s manufacturing output declined for the 11th month in a row and the pace of decline was the fastest so far this year.
Golfers in the UK are getting the benefit of drones, as a new business is developing in aerial photography of golf courses.
Technological advances coupled with falling prices means that there has been an increase in the availability for drones to capture tee-to-green films of golf holes. These give players an online guide to the challenges of the course.
Portugal's National Authority for the Fuel Market is heading a campaign to persuade s drivers that the new cheap fuel now on sale is perfectly OK to use and that additives in more expensive fuels make no difference to engine wear or fuel consumption.
The Authority message is that "the question of additives is a commercial one," and that even if they were needed, car manufacturers would demand their inclusion in fuels.
Parpública, the company that manages the state's stake in companies on behalf of the Portuguese taxpayer, has reported a loss of €367 million for 2014 due to rising debts at TAP and falls in Galp’s value.
In the previous year, Parpública managed to earn €792 million due to privatisation sell offs at the post office, CTT (€343 million) and energy distributor, REN (€142 million).
Britain’s debt is proving popular with foreign investors rushing in to buy UK gilts.
A record £28.2 billion was purchased in March, according to figures from the Bank of England. This was the largest monthly inflow of cash to the country since records were started in 1982.
The property which Faro council once valued at just under €450,000, which it needed to buy in order to complete the bicycle route from the Faro Riverside Park to Faro island, is privately owned and cannot be nabbed by the Environment Agency.
This is the view of the landowner and his lawyers.
The oft-maligned Spanish resort of Benidorm is to apply for Unesco World Heritage status.
Local officials believe the resort qualifies as a pioneering holiday destination which “represents a masterpiece of human creative genius”.
