Switzerland has declared its intention to keep its 1,000-franc note.

The SFr1,000 bill is worth about €900 (£700) and is the most valuable single-denomination note in the world.

Western consumers are steering clear of Russian vodka.

Sales of the country’s vodka and liquors have plummeted by 42% to 43.5 million litres in 2015, official figures reported by Kommersant newspaper.

The committee members of the International Swaps and Derivatives Association have ruled on the status of the €2 billion in Novo Banco bonds controversially transferred back to BES where their value plummeted.

Heavyweight global asset management funds have been highly critical of the decision of the Bank of Portugal to move five classes of senior bonds from the relative safety of Novo Banco, back to BES where their value plummeted overnight.

INEM chief Paulo Campos already was under suspension after the previous Health Minister Paulo Macedo decided to investigate an allegation that a patient, supposedly known personally to Campos, has been transported by helicopter from Cascais to Abrantes when not gravely ill.

The Health Minister decided this week to dismiss Paul Campos from his post at the head of the National Institute of Medical Emergencies (INEM).

Galp Energia is about to forfeit €8 million for not building a gas fired power station in Sines.

The deposit held by Caixa Geral is payable to the government if Galp fails to build the power station which, after years of delays and excuses, it now is unlikely to.

A museum dedicated to the life and works of Charlie Chaplin is finally set to open in April after more than 15 years of planning, seven of which appear to have been spent in legal procedures and Swiss courts.

Situated in the village of Corsier-sur-Vevey in the Vaud canton, the museum will be in the manor house which the Chaplin family occupied.

EDP has appealed against its fine of €7.5 million imposed by the Regulatory Authority for Energy Services.

The fine was issued due to infringements in the tariff scheme designed to help poorer customers.

The caravans which used to ply the old Silk Road trade route have been replaced by a 32-container cargo train which just completed its first journey on Monday.

The train covered 10,399 km in just 14 days from China’s eastern province of Zhejiang to the Iranian capital, Tehran.