Russians tourist spending in the UK fell by 28% last year because of the tumbling value of the rouble.
They had been in the top five of the biggest spenders among nations from outside the EU. Now they are no longer even in the top ten.
António Simões is one the UK’s most high profile bankers as the chief executive of HSBC but commented in an interview with Paulo Anunciaça printed in today's Sunday Times that, "If it were not gay, I probably would not be CEO of the bank"
Far from hiding his sexuality in the rough and ready city environment, Simões said that being gay is an advantage for him and that if he wasn’t gay he probably wouldn’t be CEO of the bank.
The reduction of civilian personnel at the Lajes US airbase in the Açores could lead to the eventual emigration of 10,000 inhabitants of Terceira island.
Studies released by the University of the Açores estimate emigration of between 5,000 and 10,000 people if the US military reduce its operations and associated local personnel to the level it plans and if there is no effort to create jobs in other industries on the remote island.
Eurozone annual inflation stood at an average of -0.2% in December, down from 0.3% in November.
This was the lowest rate since September 2009.
Every filling station in Portugal has until mid-April to start selling low cost fuel, according to an announcement in the Official Gazette today.
"Without prejudice to the free market of petrol and diesel with additional additives beyond the minimum necessary for the performance of its specifications, petrol stations should also market simple fuel," reads the order which must be complied with within 90 days.
The Algarve soon will have a strategy for motorcaravans as the organisations that decide such things are to sign off a protocol on January 21st, 2015.
A press release today informed an expectant public that ‘the Commission for Coordination and Regional Development of the Algarve, the Intermunicipal Community of Algarve, the Algarve Tourism Board and the Algarve Tourism Association will sign a Cooperation Protocol for the implementation of a regional strategy to host motorcaravanning.’
Last year proved to be the world’s hottest year on record, according to climate experts.
The US National Oceanic and Atmospheric Administration confirmed that 2014 was the hottest around the world since records began in 1880.
Greek businesses and savers have been hauling their money out of the country’s banks at a rate not seen since the 2012 summer.
Speculation swirled at that time and again at this of a potential default or exit from the eurozone, making the markets jittery.
