Ikea in Portugal has followed the lead set by German food retailer Lidl in December 2015 and is increasing the minimum wage paid to its workers to €600 a month.
Ikea Portugal said the move is for its full-time employees and represents an average wage rise of 2.38%.
Inequalities have risen sharply in Spain more than any country in the OECD group of nations with the exception of Cyprus.
A report from Oxfam says the disparities have become greater in Spain since 2007 than even Greece or Mexico.
The Bank of Portugal, having relaunched the sale of Novo Banco after plugging a hole in the bank’s finances by transferring €2 billion in bonds into the black hole of BES, has left open legal avenues for the ripped-off bondholders to be compensed from the Resolution Fund.
Last year, the Bank of Portugal failed to find a buyer at the right price for Novo Banco as not one company was inclined to pay the €4.9 billion needed to get the central bank’s governor Carlos Costa off the hook.
The weight of plastic rubbish in the sea will outweigh that of fish there by 2050, according to a report to the World Economic Forum in Davos.
At least eight million tonnes of plastic materials get into the ocean each year, with packaging thought to be the worst offender, said a global study by the Ellen MacArthur Foundation fronted by the yachtswoman.
The renowned footballer Lionel Messi and his father will be tried for tax fraud.
The pair has been charged with tax fraud for allegedly failing to declare €4.16 million in taxes relating to the rights to use his image between 2007 and 2009.
Iran is considering building an oil refinery in Algeciras on the Spanish coast, according to the Foreign Minister Jose Manuel Garcia-Margallo.
"Iran is studying the possibility of setting up a refinery in Spain, specifically in Algeciras," on the south coast, Garcia-Margallo said on Monday.
The criminal records of people who are not EU citizens are to be shared with EU member countries for the first time.
The European Commission announced that it will upgrade its database, the European Criminal Records Information System (ECRIS), adding information about criminal records of people from outside the EU.
Financial giant Commerzbank says that Portugal has changed from "a good student" into "the problem child of the eurozone" and risks ending up just like Greece.
The new Portuguese government is criticised for carrying out a "fundamental change of policy" that will lead to an increase in debt and an erosion of competitiveness.
