The Bank of Portugal has until Monday night to decide whether to accept the proposal made by Anbang Insurance to buy Novo Banco.
Negotiations are said to be at a standstill with the Chinese offer lying on the table to the horror of the Bank of Portugal which needed €4.9 billion, not the €3.5 billion on offer with concerning conditions attached.
Volunteers for a food project in Spain are picking the unwanted fruit and vegetables left after harvest and getting them to people in need.
Espigoladors, based in Barcelona, is working with farmers to see that produce they reject can be distributed to the vulnerable and unemployed.
An Algarve Red Cross delegation has offered land on which to build a refugee camp.
The plot was earmarked for a new kindergarten but as there are not enough kids in the area due to Portugal's low birth rate, the Red Cross delegation of Moncarrapacho-Fuzeta is ready and willing to build refugee camp on the 1,700 m2 plot in Fuzeta, near Olhão.
The Italian energy group ENI says it has discovered the largest known gas field in the Mediterranean.
The Zohr field, off the Egyptian coast and measuring about 100 sq km, could contain as much as 30tn cubic feet of gas.
Two policeman and a young man have been shot and killed by an enraged pensioner in Quinta do Conde to the south of Lisbon in a row sparked by a constantly barking dog.
Rogério Coelho, a 77-year-old, opened fire on his neighbour António José Pereira and then shot at those who went to Pereira's aid as he lay dying.
Another Spaniard has died after being gored by a bull, bringing the death toll to 12 this summer.
The 66-year-old man suffered severe chest injuries from the bull’s horns during a village festival in the area near Segovia.
Portugal’s Finance Minister has made a rare statement on the situation surrounding ripped off BES depositors, commenting the she deeply regrets the situation and has "enormous respect for these personal tragedies," but stressed that only the regulators and the courts can resolve the issue.
"I deeply regret the situation of people who feel deceived, who feel they have been wronged, who feel they have lost their savings, and there is a huge personal respect for these dramas, but it is a situation which, as we have said from the beginning, is up to the regulators to solve," said Maria Luís Albuquerque in response to questions from journalists during a trip to the Açores.
The deputy prime minister, Paulo Portas said today in Loulé that the financial investment by the IKEA Group in the Algarve is "one of the greatest of this legislature" and from the point of view job creation "is the largest of recent years."
Portas, always keen to ally himself to 'feel good factor' projects which he has had nothing to do with creating, popped up in the Algarve today to pose for the press and wield a spade at the ground breaking ceremony in a field near Loulé.
