Tuesday, 22 August 2017
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airberlinAir Berlin, Germany's second largest airline, has filed for insolvency after its main shareholder, Etihad Airways, said 'no' to further financial support.

Air Berlin will continue to run services as the German government has arranged a loan through Kreditanstalt fuer Wiederaufbau which should see the company through until November at current bleed rates, or until it is broken up and sold off to the likes of Lufthansa, which has been waiting for just such an opportunity to by buy assets and routes on the cheap.

nuclearThe 1,000 kilometre long Tagus river, which starts in northern Spain and flows through Madrid and onwards through Portugal until it reaches the sea at Lisbon, is drying up due to drought, water diversion at source and Madrid’s thirsty population.

The water from the Tagus (Portuguese: Rio Tejo, Spanish: Río Tajo) is used to supply Madrid’s six million residents, supply agriculture through a diversion at source, and to cool nuclear reactors such as at Almaraz near the Portuguese border and the José Cabrera nuclear plant in Almonacid de Zorita.

sharkBathers at Barril beach, Tavira, were told to get out of the water - and quick - on Monday afternoon but only ‘as a precaution’ after a shark's fin was spotted, cutting through the shallow waters of the Ria Formosa.

Bathers contacted the on duty life guards who in turn alerted the Maritime Police but searches failed to locate the predator. The beach was full of holidaymakers and the red ‘no swimming’ flag was rapidly hoisted.

FaroAirportFrontAccording to data released by ANA, Faro International Airport recorded a 16.9% increase in passenger movements in June, compared to the same month last year, an increase of 155,000 passengers.

With regard to the accumulated values, since the beginning of the year, the movement of passengers registered an increase of 18.5%, compared to the same period of 2016, with an additional 586,000 passengers.

EvoraTempleThe Roman Temple in Évora needs some urgent attention as pieces of stone have been falling into the street.

The monument has been under scrutiny since June and the resulting report has identified fragments of the structure that have broken off.

eurozoneDespite the European Central Bank stating the proposed new cash limit law in Portugal is a very silly idea, the President of the Republic has signed off the legislation that limits cash payments to a maximum of €3,000.

President Marcelo Rebelo de Sousa gave the green light to the new rules that aim to help the tax office clamp down on the use of cash in both our business and private lives.

OlhaoViewSmallPortugal’s, property sales volume was up by 30% in the first half of the year, leading pundits to bet that 2017 will be the hottest property market since 2010.

The increase shows that 80,000 homes have been shifted in six months., according to Luís Lima, the president of the Association of Real Estate Agents and Real Estate Companies (APEMIP).

OilAriealShotSmallThe ‘No to oil drilling in Portugal!’ campaign on Saturday 12th August, took over much of Odeceixe beach on the western Algarve’s border with the Alentejo where around 1,000 people from 40 countries formed a large-scale human message on the sand.

The demonstration was part of larger campaign to stop plans for off-shore oil drilling in Portugal, especially in those southern areas dependent on tourism.