A new development bank is being progressed this week by the so-called BRICS countries, namely Brazil, Russia, India, China and also South Africa.
Russia’s President Putin is said to be hoping the bank will help reduce the West’s dominance of world financial institutions and also help Moscow shine by showing it is not isolated.
Lingering problems from last year's BES rescue are likely to have an influence in the choice of winner in the contest to buy Novo Banco.
For this reason, it is not only the price offered that will be taken into account as the Bank of Portugal decides on who will be the new Novo Banco owner.
Amazon has announced a new global shopping day, “Prime Day” to take place on Wednesday 15 July.
The company is hoping to beat the Black Friday sales and is promising more deals on Prime Day.
Portuguese children are having less exercise and will become fatter as a result, especially the poorer ones.
Researchers at the University of Coimbra say the shocking results require government intervention to avoid problems of obesity and associated disease later in life.
Travel associations in the UK, France and even Germany say that bookings for holidays in Greece have been strong and that they have not had cancellations.
There is evidence to suggest that people may be being lured by the idea of cheaper-than-ever prices. German travel search site Kayak.de said hotel prices for this week were down 8% over last year, while Skyscanner in the UK said some return flights in July could be had for just £79.
Greece's finance minister Yanis Varoufakis resigned his post on Monday morning having thanked the electorate for "the great capital bestowed upon our government by the splendid 'no' vote."
Varoufakis said it was clear he could not remain as Finance Minister even though his resignation pledge originally was only if there had been a ‘yes’ vote - he is ‘Minister no more’ according to his early morning blog.
The Greek people have said ‘no’ to continuing austerity demanded by the county’s creditors and risks financial collapse if European leaders now turn their backs on a country that has voted itself out of the fold.
Over 60% of voters backed Alexis Tsipras’ Syriza party and rejected the latest proposals for spending cuts and tax increases against a backdrop of economic decline and the highest unemployment rate in Europe.
GNR agents have seized thousands of documents, more than 1,700 vehicles and other goods totaling €44 million.
There have been 30 arrests in Operation Medusa which is investigating the buying of seized vehicles and their subsequent sale and the use of 'scam company insolvencies.'
