Barclays Bank has announced that it will sell part of its business in Spain.

Barclays’ retail, wealth management and corporate banking business in Spain will be bought by CaixaBank for £633m.

A proposed increase in Portugal's minimum wage, frozen for the past three years, will be decided in September.

The national minimum wage is planned to increase to €500pcm and if the legislation is passed the increase will apply immediately.

On the afternoon of April 24, 1917 the Italian sailboat Bien Aimé Prof. Luigi was on a route between the UK and Genova, Italy.

As the boat sailed past Sagres the crew was unaware that since 06.30 a German imperial submarine, the U-35 commanded by Lothar von Arnauld de la Perière was shadowing the Bien Aimé Prof. Luigi, a sailboat built to carry cargo, built in 1907.

Bonus money paid to workers in the UK has been steadily climbing higher, nearly reaching the level it was when the financial meltdown hit.

Total payments in the year ending April 2014 were £40.5bn. In the same period of 2008 the amount was £42.5bn. The following year it dropped sharply to £34bn.

A fresh assault on obesity has been launched by health leaders in England who have called for an emergency taskforce because, they said, “an entire generation is being destroyed by a diet of junk food and sugary drinks”.

Currently in the UK, about one child out of every three under 15 is overweight or obese. The Royal College of Paediatrics and Child Health estimates that this problem costs the NHS around £4.2bn a year.

Food manufacturer Heinz has announced plans to reduce the amount of sugar in its popular tomato ketchup.

Heinz Tomato Ketchup 50% Less Sugars will harbour less sugar, namely 11.4% per 100g, down from 22.8% per 100g in its traditional product.

There is no more collaborative harmony between the Bank of Portugal and KPMG - Banco Espírito Santo’s auditors as the bank tries to implicate the auditor in the BES enquiry .

The relationship between the Bank of Portugal and KPMG started to break down when in late July the Bank’s governor Carlos Costa was up before Parliament to explain what on earth had gone wrong at BES, one of Portugal's biggest banks.

More than 10,000 foreigners bought property in Portugal in the first half of the year with Chinese, French, Brazilian and Angolan investors leading the rush in the Lisbon and Cascais areas.

However, it is the Algarve that is leading the impressive influx of foreign money with British, French, Belgians and Germans buying up property, especially in the Loulé, Albufeira and Lagos council areas.