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'No confidence' motion aims to topple Portugal's government

parliamentPortugal's opposition Socialist and left-of-centre parties today pledged to topple the Passos Coelho minority government in a ‘no confidence’ motion.

The Socialist Party leader, Antonio Costa said that Portugal’s President Cavaco Silva had stirred up "an unnecessary political crisis" by last night naming Pedro Passos Coelho as the next prime minister.

Revealed: the full scale of offshore investment in the UK

londonhouseA staggering £263bn has been invested in property in England and Wales by companies registered offshore since 2000, an investigation by Property Week has revealed.

The analysis of Land Registry data lays bare for the first time the full scale of offshore investment into the UK and shows that the total amount invested each year has risen from just £2bn in 2000 to £32bn in 2014 - a 1,500% increase.

Spaniard becomes world’s richest person

zarashopA Spaniard has pipped Bill Gates as the richest man on earth.

The fashion tycoon and founder of Zara and other shops sped ahead of Bill Gates by nearly $2 billion, according to Forbes magazine calculator.

Portugal's centre-right coalition returns to power

cavacosilva3Portugal's right-wing president Cavaco Silva this evening invited the Passos Coelho/Paulo Portas centre-right coalition government to return to power after its general election win, even though it will be outnumbered in parliament by opposition party MPs who have pledged to force out the coalition 'within days.'

The coalition won the October 4th election with 38.4% of the votes so will now try and rule as a minority government under Pedro Passos Coelho as prime minister.

Toddler twins' early morning walk lands Faro parents in trouble - again

toddlerhandsTwo 3-year-old children walked 500 metres from their Faro home to a playground while their mother slept.

The brothers have been removed from their parents who already were under surveillance for neglect.

Free liability insurance for 'airbnb' property owners

albufeiramarinaAirbnb is upping its offer in the competitive world of short term property rentals by offering its property owners free liability insurance.

The online platform that connects people seeking accommodation with those who have the space is popular in Portugal which now joins 15 other countries that the US company automatically covers with its insurance offer.

Free porn at Lisbon airport

stockingsPassengers waiting to collect their luggage at Lisbon airport were treated to a little more action than they expected from French airport operator ANA when the multiple TV system in baggage reclaim, Terminal 1,  started showing a porn film.

Red-faced staff spoiled to fun after a few minutes and changed the channel due to a customer complaint, possibly about sound quality.

TAP debt jumble threatens sale

tapThe government has decided that, if and when TAP eventually is part-privatised, an auditor should be appointed to monitor the company's financial situation and that monthly consolidated accounts will be produced.

The decision was announced by Transport Minister Sergio Monteiro as the Council of Ministers today approved the 'strengthening of control mechanisms' at TAP after it is sold off int he hope that this will put at ease TAP's bankers.