TAP in crisis as Portuguese entrepreneur announces multi-million purchase bid
Miguel Pais do Amaral has announced that he is putting together a deal to buy-up the airline that the government has been trying – with spectacular lack of success –
Lisbon inaugurates historic urban beach
Basking in recent praise from the world’s travel press, Lisbon took an historic step this morning to consolidate its reputation as being one of Europe’s premier tourist destinations. It inaugurated
Net tightens over former Socialist prime minister
After a flurry of ‘bad press’ on Thursday – implicating him in the Monte Branco money-laundering scandal that is also focusing on former BES boss Ricardo Salgado – José Sócrates
GNR pensions “at risk” in Grupo Espírito Santo
As the intrigue surrounding the Espírito Santo banking empire is minutely investigated, GNR officers are reported to be in panic over pensions invested in ESAF – Espírito Santo Fundos de
BES losses confirmed at €3.6 billion as new scandals rock the Espírito Santo empire
The BES scandal escalated last night as losses in the first six months of this year were confirmed at €3.6 billion. They are not simply the worst banking losses on
Transgenic alert over cornflour imported from Colombia
The Portuguese platform against genetically-modified foods has sounded the alert this week over a form of cornflour imported from Colombia. Marketed under the brand name PAN, the flour is being
Traveler praise as National Geographic magazine features Portugal on the cover
Portugal is featured on the front cover of National Geographic’s Traveler magazine for August/September, with a subtitle that reads: “Discover the old world made new again” and a beautiful picture
TAP appeals to 40.000 passengers: “reschedule your flights!”
In a bid to avoid a “day of chaos”, TAP’s management has sent out a ‘change your flight plans’ appeal to the 40,000 passengers likely to be affected by the
BES’ €3 billion hole: “the largest loss of any bank in Portugal”
As the trouble-beset Grupo Espírito Santo faces another decisive week, the Portuguese government is reported to be “very worried”. Losses have without doubt exceeded the group’s capital cushion (€2.1 billion),
New BES boss to reveal results on Wednesday
Vítor Bento, the beleaguered bank’s new boss, is due to present BES accounts for the first half of this year on Wednesday (July 30). Analysts are said to be hedging