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Man drowns off Carvoeiro beach

carvoeirobeachA 65-year old man drowned in the sea off Carvoeiro beach this morning, as confirmed by the commander of the Port of Portimão, Santos Pereira.

A warning was given to the authorities at 10.06 by a member of the group of tourists that the man belonged to.

Beja bullfight promoted using Bombeiros vehicle

bullThe Bombeiros in Beja have made a simple yet foolish PR error by allowing its volunteer members to drive around in a staff van with Bombeiros Voluntários Beja decals broadcasting a bullfighting event.

The vehicle belongs to the Humanitarian Association of Volunteer Firefighters of Beja, and was used to advise of a bullfight taking place earlier in October.

Strike - TAP advises passengers to change their flights

tap2TAP urges passengers to reschedule their flights due to the impending strike action by union members.

To minimize the impact of the strike set for Thursday and Saturday this week, TAP management is asking passengers with reservations to change their flights to days when the company will be able to fly its aircraft.

Sweden cuts interest rate to 0%

swedenThe latest cut made by world’s oldest central bank has resulted in its interest rates being slashed to the record low of 0%.

Sweden’s Riksbank hopes the move will increase lending as well as forcing up the cost of goods. Consumer prices in Sweden have dropped in seven out of the last nine months, with inflation running low for nearly three years.

Alibaba overtakes Wal-mart

alibabaAlibaba has rocketed to the lofty position of being the world’s largest retailer.

The Chinese company started operations only 15 years ago in 1999 when Jack Ma created the Alibaba.com website to connect Chinese manufacturers with overseas buyers.

Algarve Stadium football row settled as Gibraltar returns for 2015

algarvestadiumThe Gibraltar Football Association (GFA) confirmed today that its national team would complete their home game fixtures for the Euro2016 qualifiers against Germany, the Republic of Ireland and Scotland at the Estádio do Algarve stadium.

Recent speculation that the GFA was going to move its matches to London has been ended and today the association reiterated its confidence in the Algarve Stadium as a neutral ground for the qualifiers.

Fisherman drowns in Armona accident

olhaoshipwreckA fisherman died early this morning after his boat capsised near Armona Island off the coast of Olhão.

A second fisherman was plucked from the waters and later was said to be in a stable condition in Faro hospital.

Rioforte appeals Luxembourg liquidation decision

riofortelogoRioforte is to appeal the decision made by the Commercial Court of Luxembourg that the BES Group subsidiary was to be  liquidated and the resulting funds used to pay off its creditors.

Grupo Espitíto Santo hoped that Rioforte could continue under creditor protection but on October 17 the Luxembourg authorities rejected its application for controlled management.