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Government fails to get union agreement on TAP sale

tapThe National Civil Aviation Flight Personnel Union (SNPVAC) said that its officials have not signed the memorandum with the government because its members do not accept that TAP should be privatisated and the document does not give any guarantees to workers.

"The union has not signed this memorandum because it lacked guarantees. This document presumes that the privatisation will go ahead, which we do not accept," according to the vice president of SNPVAC, Nuno Fonseca.

Olhão council to present Berlin Wall alternative

OLHAOTUNNELFLOODOlhão council is to make a public presentation of its proposals to solve the Berlin Wall railway crossing dispute that so far has caused upset, protest and vandalism.

The pedestrian level crossing was blocked off by the state railway company Refer in a unilateral decision leaving many elderly unable to cross from one side of Olhão to the other, as they have done all their lives.

Castro Marim explosion causes severe injury

GASEXPLOSIONAn explosion in the early hours of Christmas Day left a man with severe burns and his property in São Bartolomeu do Sul reduced to rubble.

The man was rushed to Faro hospital, and later was moved to a specialist unit in Coimbra, according to a source at the Vila Real de Santo António fire service.

Chinese join bidding roster for Novo Banco

fosunThe Chinese multinational, Fosun Group has expressed formal interest in buying Novo Banco.

The company that successfully bought Caixa Seguros from the Portuguese state for around €1 billion joins Banco Português de Investimento and Santander in the line-up before bids are invited.

'Great vampire squid' duped by Bank of Portugal

bop2Goldman Sachs, the great vampire squid* of international finance, has been duped and lied to by the Bank of Portugal.

When Banco Espírito Santo was divided into ‘good bank, bad bank’ by the Bank of Portugal, Goldman Sachs was assured that the €584.3 million it had just spent on financing BES via Oak Finance in Luxembourg would end up safely with Novo Banco, not in the twisted wreckage of BES.

Italy to pump up its museums

venice2Despite being the fifth largest tourist destination in the world, Italian museums combined do not generate as much profit as just the restaurant in New York’s Metropolitan Museum of Art.

Italy has turned to the private sector to increase the profitability of its museums, including the Uffizi in Florence and the Borghese in Rome, and make them more resemble other great museums in the world.

Expats courted by the British PM

davidcameronAs many as one million supporters of the Conservative party have received a direct message from David Cameron.

The initiative is part of an internet campaign by the party to get expats to register to vote.

Racing team takes government to court over covert sponsorship deal

TIAGOMONTEIROOceanational Motor, SA owned by the former Formula 1 driver Tiago Monteiro (pictured) and the businessman José Guedes have filed a lawsuit against the Portuguese Government, demanding compensation of a minimum of €9.4 million for material and non-material damages.

At issue is the failure of the financial support agreement between Oceanational and the José Sócrates’ government for €6 million. The current government says it is nothing to do with them as there is no contract.