fbpx

World’s most expensive city has been named

zurichThe highest consumer spending per person of any city on the globe stands at $54,438 and it is in Zurich. This is 20% above the average across Switzerland of $45,300, according to Euromonitor International.

Geneva, the country’s second most populous city, has the world's fifth highest consumer spending, at $47,894, or 6% higher than the Swiss average.

TAP - mixed messages confuse unions and potential buyers

tapThe head of Portugal’s communist party, Jerónimo de Sousa, said that he is astonished by the mixed messages coming from the government over the TAP sale, specifically about workers’ rights.

Indeed the plot has been temporarily lost as the PM and his Minister for the Economy have failed to coordinate a key part of the TAP privatisation deal that any new buyer will have to abide by.

ASAE seize €140,000 in a warehouse full of counterfeit goods

counterfeitThe total value of goods, money and the inevitable ‘high powered car’ seized during operation "Mala Dourada" - Golden Bag - was around €400,000.

Portugal’s much feared ASAE (Autoridade de Segurança Alimentar e Económica) announced that this was a record amount of cash, €140,000, in the operation that took place in Vila do Conde, Oporto.

Beja aircrash was caused by passenger panic

BEJACRASHThe New Year’s Day crash of a private light aircraft at Beja airport was caused by the passenger panicking on take-off.

The 14-year-old girl was scared by the ‘noise, vibration and dust kicked up from the earth’ at the airstrip at the time of take-off.

Algarve holiday is best value for 2015

albufeirabeachFor the best value for money holidays, Brits have been advised to pick Prague, the Algarve or Spain’s Costa del Sol.

The Post Office Holiday Costs 2015 pointed to European spots for best holiday value. It noted also that Auckland, Muscat and Dubai were the most expensive locations.

New low emission zone gives Lisbon drivers a headache

exhaustThe tightening of the Low Emission Zones in Portugal’s capital last week has created an unmissable opportunity for the Municipal Police to fine motorists in older vehicles who had strayed into the city's new forbidden zone.

Such has been the zeal of the roadside officers that questions have been raised in the Lisbon council chamber as to their real operational objectives - fines or advice on the new scheme?

Russian spending in the UK falls while others rush in

bentleyRussians 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.

Portuguese head of HSBC - 'being gay is an advantage'

hsbcAntónio 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.