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Petrol price to fall another 4 cents on Monday

petrolpump4744Fuel prices in Portugal continue to fall back to levels not seen since 2009 with gasoline dropping a further 4 cents tomorrow and diesel heading for a 3 cent drop at the pumps.

Following international oil price market trends, fuels in Portugal are around 20 cents a litre lower than at this time last year.

BES solution - EC approval based on 'incorrect assumptions'

besAbout 20 international funds, including the Brazilian BTG Pactual and the American fund Third Point have lodged a complaint in the European Union General Court requesting the annulment of the European Commission's decision to approve the Banco Espírito Santo break up in August 2014.

If successful the group of big hitters will achieve the aim of delaying or cancelling the government’s sale of Novo Banco scheduled for early 2015.

McDonald’s revives its UK business

mcdonaldsMcDonald’s UK business has turned from downsize to upsize in the last decade.

The company began operating in Britain exactly 40 years ago – 1974.

Luxembourg tax deal whistle blower accused of theft

eurozoneThe person accused of lifting the lid on Luxembourg’s tax deals with dozens of multinational companies has had the book thrown at him – or her, as the identity of the accused is being kept secret.

Whoever it is, they are now accused of all sorts of misdeeds as the LuxLeaks revelations severely embarrassed the current president of the EU, Jean-Claude Juncker who was the Luxembourg PM for a decade.

Lost Disney film found near the Arctic

WALTDISNEYA Walt Disney Christmas cartoon film, believed lost, has been found near the Arctic Circle.

Empty Socks, the first Christmas film ever made by Disney, dates from 1927.

British sale of Eurostar attracts interest

tgvPotential buyers are gathering to snap up the UK government’s 40% stake in Eurostar.

The sale, announced in October, is part of a £20bn privatisation push which should help in reducing the country’s debt. The sale of the high-speed rail operator could raise as much as £500m for the Treasury.

A new shake-up in the Madeleine case?

NICOLAWALLThe Operation Grange investigation by the Metropolitan Police into the disappearance of  Madeleine McCann is said to be “upbeat” and set to continue despite mounting costs, a top resignation and apparently still no breakthrough in sight.

The latest episode in this extraordinary case, with Scotland Yard detectives questioning ten people in Faro, does not seem to have resulted in any meaningful progress.

TAP Christmas strike may yet be averted

tapSome deft work from Pires de Lima this afternoon gave hope to thousands of Christmas travellers pre-booked on TAP flights.

The Economy Minster said after a meeting with the TAP multi-trade union group that on Monday we will know if his proposals have been accepted and whether the planned four day strike can be averted.