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Google pulls Google Glass

googleglassGoogle is to cease production and sales of its Google Glass eyewear.

The product was launched in the US only in 2013 and just last summer in the UK but only to a limited consumer audience of software developers at a cost of £990.

IKEA may have to reinstate damaged land

ikeaAlgarve trade associations have beefed up their opposition to the new IKEA development between Loulé and Faro, kicked into action by the sounds of  the Swedish company already clearing the land.

The trading associations have highlighted irregularities in the planning process, risks to the environment and damage to the regional economy in a notice sent to anyone who wuill listen.

Paris outrage: police search for Spanish connection

eiffeltowerOne of the Paris terrorists is known to have been in Spain for New Year, leading police to investigate possible links with a terrorist cell in Spain.

Spanish media claim that the security forces had established that Amedy Coulibaly was in Madrid from 30 December until 2 January.

Goldman Sachs embarrassed by BES loan failure

bop4Goldman Sachs loaned Banco Espirito Santo €584 million just before the bank went bust and was bailed out.

The loss of this money means that Goldman’s profits and some employee bonuses will be cut, according to Lloyd Blankfein, Chairman of the American finance house known as the 'great vampire squid.'

Door opened for more GM crops in Europe

gmcropsThe EU has opened up the possibility of increased use of genetically modified (GM) crops in Europe.

Only one type of maize, MON 810, is currently allowed to be grown commercially in the EU although some countries ban it.

Portimão-Bragança air link support payments published

portimaoaerodromeThe air operator eventually chosen to run the new service between the far north of the country and the Algarve can receive up to €650,000 this year.

Next year the budgeted subsidy for the Bragança-Portimão service is €2.6 million and in 2018 the figure is €1.95 million, all excluding VAT.

Germany balances its budget after gap of 46 years

eurozoneGermany finally has managed to balance its budget for the first time in nearly 50 years.

Strong tax revenues and exceedingly low interest rates which brought down the cost of meeting its debts enabled the country to reach this goal.

Workers petition against TAP sale

tap2Six thousand signatures, two thousand more than the minimum needed to trigger a parliamentary debate, have been collected in a protest against the proposed privatisation of Portugal’s national airline, TAP.

The signatories express their "total disagreement" with the current sale process and call for the "maintenance of TAP Group in the public sector."