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Telecommunications giant Altice - in hot water already over the way it has ‘restructured’ Portugal Telecom - is now facing a massive fine for jumping the gun over its 2015 purchase deal.
Reuters news agency broke the news on Wednesday, suggesting the company that frequently leaves Portuguese customers infuriated over the time it takes to respond to callouts could have to fork out as much as 2.3 billion euros.
Frequently “blamed” for failing to identify the rot eating away at Banco Espírito Santo before it was too late, the Bank of Portugal is now attempting to pass the buck and blame auditors KPMG.
If the so-called ‘administrative procedure’ is successful, KPMG could be fined up to €2.5 million, say reports.
A new date has been set on the bumpy road towards Portugal’s ‘trial of the century’, focusing on the alleged corruption of former prime minister José Sócrates.
Almost four years since the 60-year-old was arrested and later held in preventive custody - first in jail and then ‘under house arrest’ in Lisbon - superjudge Carlos Alexandre has finally scheduled September 3 for the so-called opening of judicial instruction, the final date by which Sócrates and the other 28 defendants can request an optional procedural phase, directed by a magistrate.
A shuttle from Lisbon’s Oceanarium has travelled to the Algarve to take part in the ‘Semana da Ria Formosa’ event and raise awareness about the estuary’s highly endangered seahorse population.
The shuttle arrived on Tuesday (April 17) and will remain at Olhão’s Jardim Pescador Olhanense until Saturday (April 21), giving schoolchildren as well as the general public a chance to learn more about how to become more “sea-friendly”.
A Portuguese study has confirmed the importance of ‘good intestinal flora’ in staying healthy and happy - stressing that substances present in red fruits and red wine improve intestinal flora, reduce inflammation and contribute to the prevention of depression and neurodegenerative diseases.
The work of recently-deceased Portuguese sculptor Alberto Carneiro is raising eyebrows in Porto even before it has been completed.
Presented as “three metaphors for trees”, the simplistic erections look, say locals, very much like penises, or "rather unpleasant suppositories".
- Serial polluter contests closure decision
- Galp - oil giant unable to run a simple billing system
- Drunk British mother assaults her child in Albufeira hotel
- Insolvent Faro Football Club has 60 days to submit a payment plan
- Portugal wins the 2018 European Fossil Fuel Subsidies Awards.
- Jihadis' wives and children arriving in Portugal
- 'Forget the Algarve, go to Bulgaria' advises UK Post Office's holiday cost barometer
- Gender Law enables 'citizens to decide' from the age of 16