Embattled Deutsche Bank reported on Thursday the large loss of €1.9 billion in just the last quarter of 2016.

This contributed to its net loss of €1.4 billion for the year. This comes on top of the €6.8 billion loss it posted in 2015.

As Portugal’s prime minister goes out and about, telling all and sundry that the country’s finances are fine, and the finance minister shows the Eurogroup that the 2016 year-end deficit will be well below expectations, the Bank of Portugal has been obliged to tell the awful truth.

Portugal’s national debt grew by €9.5 billion last year.

The saga of the directors of Caixa Geral de Depósitos who refused to hand in their income and asset statements, as is normal for those running publically owned companies, is nearly over as the Constitutional Court today concluded that ‘the rules are the rules.’

António Domingues , the former chairman of Caixa Geral, who resigned over this issue along with other directors, will now be notified that the must declare his income and assets, even though he no longer works at the struggling State-owned bank.

In April, 2014, Loulé council decided it would buy the Art Deco ‘Café Calcinha,’ down the road from the town hall, to ensure that the historic property would not be altered beyond recognition.

The deputy mayor at the time said the café was famous for its association with poet António Aleixo, that it dated from 1927 and was “a perfect replica of another one in Brazil."

"It's 870 meters deep and it's a great scientific opportunity because it was colonised by corals," says Kirsten Jakobsen, referring to German U-boat, number U-581, which sunk 75 years ago.

The German submarine was found by a team of researchers from the Rebikoff-Niggeler Foundation*, it was announced today, Wednesday February 1^st, but "the discovery was made on September 13^th, 2016.

The wreck of the submarine is located south of São Mateus on the island of Pico in the Açores," said Kirsten Jakobsen, who with her husband, Joachim Jakobsen, found the wreck of the submarine which is preserved in a sheath of cold water coral.

Algarve protestors are heading to Lisbon later this month, to hear the government's explanation of its incomprehensible pro-oil stance in the face of national climate change agreements and serious irregularities in licencsing agreements.

Premier anti-oil association, ASMAA, has selected February 23^rd for a long-overdue parliamentary hearing to discuss the various points raised during the public consultation for the Galp-ENI test well drilling application.

The insurance sector reports that the number of floods and wind storms experienced in Europe has risen dramatically since 1980.

Their research also indicates that the increases are “in line with climate change”.

Deco handled 460,000 complaints last year, with telecoms customers again heading the list of disgruntled customers.

Most of the 45,515 complaints against high street telecoms companies were over long-term loyalty strategies that seemed to have been designed to disadvantage existing customers.