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Mexicans bid for Espírito Santo Health

hospitalchartGrupo Ángeles, registered in Mexico, has offered €4.3 per share for Espírito Santo Saúde which values ​​the company, still controlled by the Espírito Santo Group, at €411 million.

Ángeles, the largest private healthcare company in Mexico, launched its public tender offer for the Portuguese company, a welcome events for bankrupt Rioforte, part of the Espírito Santo Group, which has sought protection from creditors as its affairs are wound up.

Praia da Marinha, Lagoa, voted into the CNN top 20

praiadamarinhaPraia da Marinha beach in the municipality of Lagoa has been named one of the world’s '20 Most Stunning Cliffside Beaches' by CNN, the American news service.

The Algarve favourite was the only beach in Portugal to be featured by CNN which commented, “sandy stretches that meander slowly and serenely into gentle waves are lovely.

EC fines Portugal for foul water - again

sewagepipeBrussels again is suing Portugal due to the country's failure to provide modern waste water treatment for over 100,000 citizens.

The European Commissioners say that by not properly treating waste water there is a threat to public health and that this is the third time Portugal has been reprimanded for failing to install or even plan for a programme to construct treatment plants mostly for outlying and remote villages.

PT shareholders advised to accept terms of Brazilian merger

ptBattered Portugal Telecom shareholders have been advised to give the 'thumbs up' to the proposed merger with Brazil’s Oi.

The Institutional Shareholders Services has analysed the deal and say that the terms of the merger between Portugal Telecom and Oi are beneficial to the shareholders of PT.

Fatal stabbing in Algarve resort

albufeirabeachA security guard has been killed and a customer wounded in a fight at the Second Bar in Avenida Sá Carneiro, Oura, Albufeira.

The incident occurred ay 02.55 am on Wednesday morning and the Judicial Police have mounted a full investigation.

Faro Bikers Festival to end, unless the police back off

bikersThe Motoclube de Faro, organisers of the annual bikers’ festival, has decided that enough is enough and have slammed the overbearing police presence and its attitude at this year’s gathering.

The Motoclube management requires "a radical change" in the size of the police force attracted by the International Motorcycle Meeting and an end to the repressive control of those participating.

Warning issued of another ash cloud

airplane2Another volcano in Iceland could erupt as early as this week, prompting Iceland to issue an orange alert to airlines.

The area near Bardarbunga volcano has had the strongest earthquake since 1996.

British inflation drops to 1.6%

bankofenglandThe rate of inflation in the UK went down to 1.6% in July.

Prices for food, clothing and shoes provided the biggest spur to falling price tags and stores put on summer sales with greater discounts than last year, according to the Office for National Statistics.