Santander and Millennium BCP have tempered their earlier enthusiasm having analysed the figures and have decided not to bid for Novo Banco, but the Bank of Portugal has received four binding proposals, not that it will say who these are from.

The offers for Novo Banco, the bridge bank ‘resolution’ to the August 2014 collapse of Banco Espírito Santo, will be considered "in the light of the eligibility and selection criteria set out in the specifications."

The chaos that was Vilamoura is to be a thing of the past as the council and local associations have worked out a plan to make tourists safe and welcome - and most importantly there is a new plan to sort out the traffic.

Loulé council, Inframoura, Loulé Concelho Global, Vilamoura World, Associação de Empresários de Quarteira e Vilamoura, Associação Vilamoura Visitors, Residents & Conventions Bureau and the GNR have been having fruitful meetings to establish what can be done to make the holiday experience a more pleasant one.

The planned industrial action at all of Portugal’s airports is to start on Friday July 1st and continue over the weekend as talks have failed to produce a solution to long-running labour problems.

A meeting earlier in the week between airport workers’ unions and Minister Pedro Marqeus resulted in an impasse so the planned 'biggest ever airport strike' is to go ahead on one of the busiest periods of the year for tourism.

Proven liar and former Minister in the Pedro Passos Coelho administration, Miguel Relvas has been stripped of his coveted University degree by the Administrative Court in Lisbon.

In a case that has taken three years to sort out, the court considered ‘void’ the degree awarded to Relvas by the Lusophone University of Humanities and Technologies (ULHT).

US seed and pesticide giant Monsanto said on Wednesday that it is still open to a possible merger with Germany’s Bayer.

Last month Monsanto rejected as “financially inadequate” a $62 billion takeover bid from Bayer, but discussions continued not only with Bayer but also other unspecified firms.

The new bypass was opened yesterday between Almancil and the A22 to Faro link road just to the north of the Algarve Stadium.

The journey, if heading west from Faro, will take drivers north of São Lourenço to reconnect at the roundabout at the bottom of the hill at Quatro Estradas where they can continue along the EN125, turn north to Loulé or head south to Quarteira.

A raid Google’s office in Madrid was conducted by tax investigators on Thursday as part of a probe.

Just a month ago, French investigators raided the company’s Paris headquarters, saying it was being investigated for aggravated financial fraud and organised money laundering of Google’s profits.

A census has shown that nearly 27% of the Japanese population is over the age of 64.

At the same time, the number of children under 15 years is at a record low of just barely 13% of the total.