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Probing questions over Amazon’s tax affairs

amazonAmazon has attracted the eyes of the European Commission officials concerned about tax.

Competition commission officials in Brussels have asked Luxembourg to provide documents on Amazon’s company tax compliance.

Portugal - 45 quad bike deaths in five years

inemThe National Road Safety Authority reported that in addition to the 45 dead, there have been 176 serious injuries and 1,479 minor injuries between 2009 and 2013 as a reult of quad bike accidents.

Of the dead, 41 were driving the vehicle at the time of the accident and the others were passengers.

“Stalled recovery” in France

frenchcourtThe worsening economic situation in France has prompted an IMF warning of a “negative spiral of low growth and falling inflation”.

As it is, the country could well fall back into recession. The IMF slashed its growth forecast this year from 1% to 0.7%, pointing out the risk of a stalled recovery which could take years to overcome.

Teenagers look to revival in apprenticeships

teenagerkevinApprenticeships in England are being taken up by an increasing number of teenagers.

In the last 12 months there has been a 15% increase in the number of 16 and 17-year-olds getting apprenticeships straight from school.

Greeks grab a Portuguese bargain for €13 million

shipyardThe management of Portugal's Viana do Castelo Shipyard has sold the 'Atlântida’ to the Greek company ‘Thesarco Shipping’ for €13 million.

The administration launched an international public tender last March for the sale of the vessel which had been commissioned and then rejected by the regional government of the Açores.

Bank of Portugal issues relaxed statement on BES fiasco

bop2The Bank of Portugal today thought it politic to issue a statement about the financial state of Espirito Santo Financial Group, owner of high street bank BES.

Despite the discredited group losing nearly half its value in the past six months Portugal’s central bank today said that its subsidiary Banco Espírito Santo (BES) was in a state of “solid solvency, which has been strengthened by the recent capital increase,” adding that it is closely monitoring the situation in the bank.

Macau’s gambling swells coffers

casinohotelMacau, the heart of gambling in China, is now the world’s fourth richest territory per person in the world.

It has surpassed Switzerland where GDP per capita rose by 2% in 2013 to £46,946, according to World Bank data.

Football hooligan trial suspended amid legal confusion

prisoninteriorSuspected football hooligan Lewis Andrews has had his trial in Albufeira suspended as the Portuguese authorities don’t know where he lives.

The man was arrested in 2004 amid the street violence that erupted in several locations across the Algarve, most particularly in Albufeira, and two days later was deported.