25 June 2011
Carlos Tavares, former head of Nissan Motor for the Americas, based in Tennessee, USA, was appointed chief operating officer (COO) for French car maker Renault, the number two post after the company’s CEO. Tavares, who will assume the new post on July 1, will oversee Renault’s growth strategy focused on developing electric vehicles and new […]
25 June 2011
Bikers from all over the world are expected to join the World Naked Bike Ride (WNBR) event scheduled for Sunday, June 26, in Lisbon, Portugal. Since 2004, the ride’s organizers have been encouraging people to get naked as a way to draw attention to the need to replace fossil fuels with renewable energy. Similar events have […]
Posted in Featured, Life Style, Sports, World
24 June 2011
A survey by the European statistical agency Eurostat revealed that when compared to the European Union average, the buying power in Portugal was 81% or 20% less than the member states. The survey also revealed that the Gross Domestic Product (GDP) per capita, expressed in purchasing power standards (PPS), varied from 43% to 283% among […]
24 June 2011
Rating agency Moody’s downgraded Portuguese bank BANIF two notches Wednesday, from Baa3 to Ba2 junk rating. Moody’s explained that the downgrade was due to the reduction in Portugal’s sovereign rating and was in line with other Portuguese banks that had been downgraded in early April. More rating cuts may still come as outlook remains negative. […]
23 June 2011
According to Nuno Ribeiro, president of the Portuguese Association of Archeological Research (APIA), additional archeological findings currently under investigation may help to prove human presence in the Azores preceded the Portuguese occupation of the islands in the fifteenth century. In a statement to the press Monday, Ribeiro said that traces of Sunni inscriptions were discovered […]
Posted in Azores, Conferences, Corvo, Featured, Flores, Heritage, Santa Maria, São Miguel, Terceira
23 June 2011
Portuguese soccer coach André Villas-Boas, 33, signed a three-year contract with London based Chelsea after resigning Tuesday as head coach of FC Porto. Chelsea reportedly paid $21.5 USD million to FC Porto to activate the release clause in his contract and sign him as the youngest manager in the Premier League and the manager with […]
