One of Vila Real de Santo António’s most emblematic buildings is at last to have a new lease of life as the river front Grande Hotel Guadiana is to be redeveloped and leased to a South African leisure company.
The contract for the hotel’s rebirth was won in an open competition by a group of Portuguese businessmen who already have a contract with the Grand Africa company.
Rolls-Royce has fought back against allegations of paying bribes by saying it does not “tolerate improper business conduct of any sort”.
The Financial Times reported that the firm has been implicated in the bribery scandal fascinating Brazilians over its oil company Petrobras.
Eurogroup agrees that Portugal can pay the IMF earlier, saying that the move is a sign of "significant progress."
The President of the Eurogroup, Jeroen Dijsselbloem, announced today that the Eurogroup is in favour of the Portuguese proposal to pay some Troika loans earlier, specifically around €14 billion of the €27.38 billion that Portugal owes the IMF.
Small companies have asked for a postponement of the deadline for the Green Tax on lightweight plastic bags.
The Trade and Services Associations Union (UACS) requested the postponement of the transition period for the application of the 10 cents per plastic bag Green Tax which came into force on Sunday.
Amazon’s plans for home delivery by drone have been scuppered in the US by the Federal Aviation Authority.
New regulations from the FAA will make it impossible for any company to harness drone power as delivery vehicles.
A Chinese investment company is to put money into a project to transform London’s Royal Albert Dock into a business and finance centre to rival the City of London and Canary Wharf.
China’s largest private investment firm, Minsheng, is to invest £1bn in the Docklands project, one of the largest Chinese investments in the UK in recent times.
The sad case of the British holidaymaker who died of her injuries after falling down a well at the Arade dam near Silves has been recorded as ‘accidental death.’
Andrew Haigh, the senior coroner for Staffordshire South, UK, commented that the precise sequence of events last June was difficult to confirm and concluded that the death of Christine Whitehouse was a ‘genuine tragic accident.’
Loulé council is replacing the city's lightbulbs with LED technology to save on energy consumption.
The council has contracted for the supply and installation of fixtures with LED lighting in all of its public lighting infrastructure so as to reduce its electricity bill as part of the city's environmental policy.
