Industrial output in the eurozone dropped slightly (-0.2%) in January compared with December.

But compared with a year ago, production was up by 2.1%.

The UK appears to be heading for a food price war as Morrisons tries to win back customers from Aldi and Lidl.

The supermarket announced that it will slash its prices and invest £1bn on product improvement over the coming three years.

Britain’s changing shopping tastes are reflected in the national “basket” of popular goods, which is an established technique to measure inflation.

A man who is suspected of forging banks drafts in 2011 and 2012 to obtain free fill-ups at many of the Algarve’s filling stations, has at last been arrested and charged with eight counts of forgery.

Can state airline under Fernando Pinto do no wrong? For the 5th year running the carrier has made money. Last year the net profit was €34 million, €10 million more than in 2012.

TAP’s boss Fernando Pinto said today that wants the interminable delay of the airline’s privatisation to be over "as soon as possible" but reiterated that this move “is not a matter of survival for the company.”

Portugal’s ‘Golden Visa’ property-for-residency scheme has helped one Lisbon-based estate agent sell over €35 million of property since the scheme started, but in the Algarve the French are moving in courtesy of France's penal tax rates.

Charles Roberts, Managing Partner of Fine & Country Cascais, says the agency’s average sale is €2.7million, “The demand comes 85% from China -  also from South Africa, Libya, and Lebanon. There is a significant amount of interest from the Middle East in countries like Egypt due to the political conditions.”

The Algarve is Portugal’s most important tourist region and quite rightly is showing off at the Lisbon Tourism Fair that started on Wednesday and runs until Sunday.

The tourism fair is one of the major such fairs in Europe and thousands of tourism sector companies gather, attracting 65,000 visitors last year.

Portugal's president, Cavaco Silva,  today showed no mercy to two advisors who disagreed with his point of view, he sacked them.

The advisers to the Presidency, Vítor Martins and Sevinate Pinto made the tactical error of signing a manifesto, among 68 others, calling for the restructuring of Portugal’s debt.