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Driverless cars around the corner

ukhighstreetDriverless car technology has been steaming ahead, with the UK establishing itself as a leading player.

A new report predicts that driverless cars will further boost Britain’s auto industry, and add £51bn a year to the economy.

Finance Minister fails to control her Tax Department

albuquerque2There is no "political control over everything that happens in public services" answered Finance Minister Maria Luís Albuquerque to questions in parliament seeking to find out who, if anyone, was responsible for the VIP Taxpayers List, if indeed it does exist despite her earlier denial.

The opposition emphasised the need for some "political responsibility" in the case and renewed its demand for the Secretary of State for Fiscal Affairs, Paulo Nuncio, to resign.

Portugal's councils shed 19,000 staff

farocamaraPortugal’s 308 municipalities ended 2014 with 116,560 employees, the lowest number in the last decade.

Prime Minister Passos Coelho said the reduction is a number in excess of that required by and agreed with the Troika.

Espírito Santo's 'Jewel in the Crown' fails to sell

herdadecomportaOffers to buy the grand Espírito Santo estate ‘Herdade da Comporta’ have been rejected by the Luxembourg judge administering the insolvent Espírito Santo Property.

The judge politely referred to the bids for the estate as ‘too low’ which is bad news for those holding bonds in Espírito Santo Property that were hoping for an early repayment of at least some of their money.

Conmen target online banking

fibreopticNew figures reveal that £60.4 million was lost to online banking fraud in the UK alone last year, a rise of nearly £20 million over 2013.

The sharp rise of 48% has caused the Financial Fraud Action UK agency to renew its warnings.

Facebook wants its drones in the air

facebookThe social media company says that it has conducted its first test flight over the UK by a drone powered by solar.

The unmanned drone is designed to carry internet signals in the sky and beam them by laser down to people.

Cool $70m for Google’s new financial head

googleThe new chief financial officer at Google is to receive $70 million over the course of two years.

Ruth Porat will be given stock valued at $65 million, a signing bonus of $5 million and a modest initial base salary of $650,000.

The Black Vulture is nesting in southern Portugal after a 40 year absence

Aegypius monachus, or Cinereous Vulture or Eurasian Black VultureThe emblematic black vulture is back in southern Portugal after a 40 year absence and is nesting at two artificial sites at the Herdade da Contenda in Moura, Alentejo.

As this large scavenger has been absent from southern Portugal for so long, a project project to encourage the black vulture's return was set up and seems to have been successful.