Algarve tourism boss Desidério Silva was the star turn in Portimão court yesterday as he avoided answering some rather difficult questions about a property license and falsification of documents.
Silva is now well known as the well fed boss of the Algarve Tourism Board and as the former mayor of Albufeira which he left in financial tatters before his period of office officially was due to end.
Amazon surprised the stock market on Wednesday when it announced having made a profit.
The news follows close on the heels of the retailer’s announcement that it had suffered the largest loss in its history.
Portugal Telecom has recorded the largest weekly drop in its share price ever.
The 28% plunge in value of the former money making state monopoly was spurred on by the announcement of the cancellation of dividends to Oi's shareholders.
Charles Hills, who was convicted of plotting to have the lover of his Portuguese mother killed, is back behind bars having lived openly for several years in the eastern Algarve as a fugitive from UK justice.
Originally sentenced at the Old Bailey in London to seven years imprisonment but released after serving only two and a half, the British writer broke the terms of his parole licence and absconded.
Germany has become the latest eurozone country to spiral down into deflation, joining its fellow euro area partners.
Inflation fell below zero for the first time since October 2009 with prices dropping by 0.3% in the year to January, according to preliminary estimates from the German statistics agency Destatis.
The Bank of Portugal governor Carlos Costa, and the Portuguese state are being sued for gross negligence over the BES affair as, investors allege, they knew the bank was in a parlous financial state, yet exhorted the public to continue to invest in BES shares and bonds.
To add insult to financial losses the Bank of Portugal slyly told institutional investors to offload investments in BES while encouraging private investors to pile in as all was safe and secure.
A Portuguese fisherman and three other crew went missing on Wednesday in the English Channel off Dover with no sign of their trawler, the Z85 Morgenster.
Satellite communications were lost and the trawler on which the men worked is thought to have sunk.
French gastronomy was dealt a harsh blow when the country’s top chefs placed only seventh in the world’s most prestigious cooking championship.
The annual Bocuse d’Or competition was won by Norway, with the USA taking silver and Sweden achieving bronze.
