Portugal is in the top ten producers of lithium which is increasingly sought after by manufacturers of electric cars which use the element in their battery packs and for companies supplying batteries for mobile phones..

There are now 46 applications from companies to the government to explore for and extract lithium from Alto Minho to Beira Baixa, passing through Trás-os-Montes, where Dakota Minerals already is mining the ‘white oil’ in a €370 million investment.

The billionaire President of Altice has assured everyone that he has no plans to sack swathes of PT and MEO staff.

"There is no massive exit plan for Portugal," said Patrick Drahi, responding to comments made by Portugal’s prime minister that he will not authorise any collective dismissal proposals.

Judicial Police officers have detained a lawyer and an accountant suspected of fraudulently obtaining grants related to the National Strategic Reference Framework.

In addition to the two main suspects, the PJ also named 12 suspects as official defendants. They include businessmen and intermediaries who helped steal at least €5 million from the State.

Prime Minister, António Costa, has expressed Portugal's solidarity with the people of the UK after the bomb attack in Manchester.

At least 22 people were killed and 59 wounded following the suicide bombing at a concert performance given by the American singer, Ariana Grande, at Manchester Arena.

The Public Prosecutor's Office in Faro is pursuing a case against a local lawyer who is suspected of ripping off two South Africans.
 
According to today’s statement from the Public Ministry, there are suspicions that in 2015 and 2016 the lawyer tricked his two South African clients, telling them that he has reached agreements with the taxman and Social Security office over monies owned.

Engineering and construction group DST is building a new store for Leroy Merlin in a joint venture that enables the French company to double its number of outlets in the Algarve.

The new site in Loulé will be turned into the largest Leroy Merlin in the region with the construction of the store, on just under a hectare of land,  due to be completed in October 2017.

An Irish holidaymaker was found dead in his Albufeira apartment this morning, Monday May 22nd.

The local Judicial Police are investigating the death of Daryl Dargan, aged 30, but it is not known if it is considered suspicious.

Lame duck, Novo Banco, lost €10 million a week in the first quarter of 2017 but is proud to announce this was 47.5% less than it lost over the same period in 2016.

What it’s directorate calls a ‘recovery with reduced costs and the decrease of provisions and compensation,’ to many will be a familiar scenario of acute fiscal hemorrhage resulting in €131 million in red ink accumulated between January and the end of March.