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Earthquake off Faro triggers oil drilling fears

coastAn earthquake measuring 4.0 on the Richter scale was registered 110 kilometres south of Faro on Monday morning, August 1st, but nothing seems to have been felt on the mainland.

The event occurred at 04:48 and followed Sunday’s 3.5 earthquake off the west coast that saw people running into the street in the Peniche area due to the loud booming noise created.

Bogus booze scams hit Spain

wineThe illegal production of counterfeit wine and spirits hits Spain more than any other country in the EU.

Fake products deny local producers each year some €90 million in wine sales and about €173 million for alcoholic drinks, according to the EU Intellectual Property Office’s annual report, released on Tuesday.

Mother leaves children behind in Benidorm boozing session

benidormA British mother has been detained by police in Benidorm, Spain for having abandoned her nine-year-old twin sons for a night on the town.

The woman, whom police have not named, was reported to have given her sons some money to buy some chips. The woman then went to a bar.

Motorcaravan ban at new car-park serving Faro island

faronewbridgeThe new car park some distance from the bridge crossing to Faro island is ready for those that want to park and reach the island using the new wooden walkway.

Currently, many of those using the island’s beaches and restaurants are preferring to drive across the old bridge and take their chances in finding a parking space.

Rescue package for world’s oldest bank

euromillions2Rumours of ill-health had swarmed around Italy’s Banca Monte dei Paschi di Siena for months, but it was only on the verge of the EU stress test that steps were taken.

The bank was shown to be the weakest of the 51 banks tested. It would not survive if another global financial meltdown takes place.

Hopes dashed as French economy sees zero growth

frenchpassportEconomic growth in France stagnated in the second quarter of 2016.

The official figures from the country’s statistics bureau Insee were called “disappointing” by the finance ministry.

Paderne Castle tower to be rebuilt

padernecastlePaderne castle is made of mud and, after more than 800 years, its crumbling tower needs urgent repairs - budgeted at €90,000.

On July 29th, 2016 a protocol for the 'Recovery, Restoration and Conservation of the Albarrã tower of Paderne Castle' was signed to save the tower before it crumbles away.

Government is planning to apply inheritance tax

cristasThe new president of the right-of-centre CDS-PP party Assunçao Cristas has warned the government that it no longer can blame the last administration for its problems.

Cristas, giving a key-note speech in Almancil on Saturday evening, said the clock has been reset to zero and the socialists have only themselves to blame if they do not hit budget targets after the European Commission had decided not to impose financial penalties for 2015’s inability to hit the deficit target.