Russian roubles were already flooding into the London property market, but the current unrest in their country is bringing even more investment from well-to-do Russians.
Property agents report a surge of investment from oligarchs and professionals, such as bankers, lawyers and doctors.
The economic crisis is increasing the number of cases of alcoholism in Portugal with the reckless consumption of spirits on the increase, warns the president of the Portuguese Society of Alcoholism.
"What we noticed in studies of consumption patterns is that there has been a progressive increase in the consumption of spirits. Even in the case of young people this is the preferred type of drink,” commented Dr Augusto Pinto on the eve of the National Day of Alcoholics Anonymous.
Spanish banks will have to revalue thousands of houses and commercial premises.
The demand is coming from the EU regulators who are said to be conducting a finance audit to assess the banks’ strength.
Lufthansa pilots are likely to go on strike, but no date has been made clear.
A long-running dispute over pay and working conditions has led to a vote being taken on a possible strike.
Brazil has said it is investigating corruption and price-fixing allegations against 18 companies, including Siemens of Germany and Alstom of France.
Other companies from Spain, Canada, South Korea and the United States, among other countries were also named.
The Coordination Centre for Maritime Rescue in Lisbon in conjunction with the Port Authority in Olhão and a detachment of divers from the Portuguese Navy responded to news of a mystery object washed up on the beach on the island of Culatra off Olhão.
When the intrepid divers arrived they found a highly dangerous marine flare which are notoriously dangerous.
One of Portimao’s few buildings of historic interest, the Mirador de Santa Catarina in Praia da Rocha at the mouth of the Arade river, is visited by thousands of tourists each year but now is in an advanced state of disrepair and poses risks to visitors.
The famous and much-photographed fort that looks out over the Arade has hundreds of visitors every day in the summer season but now is all but abandoned and is an eyesore with a broken elevator full of garbage, attendant wildlife including rats and mice, and a real risk of someone falling down the elevator shaft.
"About two years after the introduction of tolls on the Via do Infante by the current government and with the worsening of the crisis, the Algarve is on the brink of social and economic disaster," says the Committee of Users of the Via do Infante (CUVI.)
The great debate open to the public will be held in conference room of the Business Centre of the Algarve Region (NERA) in Loulé from 3pm.
