The German pharmaceutical giant Bayer has put in an unexpected bid to take over the US group Monsanto, the biggest seed company in the world.
The two have said they have met in a ‘private discussion’ of a negotiated acquisition, emphasizing that negotiations are only exploratory.
Germany is holding steadfast in its opposition to debt relief for Greece.
Threadbare Greece has been pushing to get its EU creditors to write off at least some of its debts, arguing that it can not sustain its heavy loan repayments.
The Algarve's court prosecutors have listed various crimes committed in the Algarve during the first quarter of 2016, one in four was for drunk driving.
Second on the list was driving without a license, third was violence, fourth was theft and burglary and the fifth was disobeying an office of the law.
Many of Portugal’s banks already have received taxpayers’ cash to recapitalise, or they have been flooded with cash prior to being sold off at a loss by the State, but when the tables are turned, bankers have been behaving true to form.
Last year 132,000 families in Portugal were unable to pay their full monthly mortgage so, encouraged by the government’s assurance that the banks are being more customer-focused over arrears problems, many asked for some financial and contractual leeway in order to keep the roof over their family’s heads.
Lagos council is hosting a clean environment, 'no oil please' conference with the launch of Sea Week, kicking off with a session on coastal zone management this coming Friday.
The council has announced a key seminar on the management of coastal zones, seas and oceans and the importance of the maritime economy to the Algarve with the council's mayor standing shoulder to shoulder with his colleagues at mayors group AMAL against regional oil and gas exploration.
The clearly unfair practice use by the State of freezing the bank account balances of those owning money to Social Security is to be changed.
Currently, the State freezes an account, however much it contains, leaving many people unable to use what should be their free balances after the Social Security debt is cleared.
António Duarte, the man who last year held hostage three people in the Children and Young Persons Protection Commission in Lagos and shot at a policeman, has been sentenced in Portimão to a sixteen years and six months in prison.
According to the state prosecutor’s statement, Duarte was "convicted of attempted first degree murder, aggravated kidnapping and the possession of a prohibited weapon. He also has been convicted for crimes of domestic violence and rape committed over several years against his partner."
The Public Finance Board (CFP) has spared no criticism of the government’s economic forecasts and has warned of the risk of "significant deviation" in the Socialist Party’s deficit reduction plans.
In its Programme of Stability 2016-2020 analysis published on Tuesday, the Board notes that "the lack of details for a specific part of the measures for budget reduction gives rise to risks for the projections presented,” i.e. the plan lacks detail and the hoped projected results are just guesses.
