Edition:
International

Andrei Khalip

Portugal's ruling Socialists lead in local elections but lose Lisbon

Sep 27 2021

LISBON Portugal's ruling Socialists suffered a surprise setback in Sunday's municipal elections, losing control of Lisbon after 14 years, though they remained the biggest party nationwide after a ballot that encompassed more than 300 city and town halls.

Lisbon mayor apologises over exposure of pro-Navalny activists to Moscow

Jun 10 2021

LISBON (Reuters) -Lisbon's mayor apologised on Thursday for what a "bureaucratic error" that led to his city hall sharing with Moscow the contact details of three Russian organisers of a rally in support of jailed Kremlin critic Alexei Navalny.

Lisbon mayor apologises over exposure of pro-Navalny activists to Moscow

Jun 10 2021

LISBON (Reuters) -Lisbon's mayor apologised on Thursday for what a "bureaucratic error" that led to his city hall sharing with Moscow the contact details of three Russian organisers of a rally in support of jailed Kremlin critic Alexei Navalny.

UPDATE 1-Portuguese economy shrinks in first quarter amid lockdown

Apr 30 2021

LISBON, April 30 Portugal's economy contracted 3.3% in the first quarter from the preceding three months, hit by a nationwide lockdown imposed in mid-January to combat what was then the world's worst surge of COVID-19 infections, official data showed on Friday.

Bank of Portugal governor expects banking M&A as natural step

Mar 15 2021

LISBON Mergers and acquisitions are a "natural" next step for Portuguese banks pressured by record low interest rates, Bank of Portugal Governor Mario Centeno said on Monday.

Exclusive: ECB expects data to vindicate 1.85 trillion euro purchasing scheme: policymaker

Mar 15 2021

LISBON The European Central Bank is hopeful brighter data in coming quarters will confirm that the amount of its 1.85 trillion euro ($2.21 trillion) Pandemic Emergency Purchase Programme set in December was appropriate, ECB policymaker Mario Centeno said.

UPDATE 2-Portugal's economy fell 7.6% in 2020, biggest drop since 1936

Feb 02 2021

LISBON, Feb 2 Portugal's economy shrank 7.6% last year, its biggest annual slump since 1936, and the government warned that the outlook for recovery was deteriorating because the COVID-19 pandemic had worsened.

UPDATE 1-Portugal economy rebounds from second quarter, pandemic weighs on year

Oct 30 2020

LISBON, Oct 30 Portugal's economy expanded 13.2% in the third quarter, rebounding from a record slump of 13.9% in April-June marked by a nationwide lockdown, though it still contracted sharply from a year ago due to the coronavirus pandemic, data showed on Friday.

ECB's Costa calls for TARP-style bad debt fund to relieve banks

Jul 07 2020

LISBON Europe needs a scheme similar to the U.S. Troubled Asset Relief Programme (TARP), adopted during the 2008 subprime crisis, to help its banks cope with the fallout from the COVID-19 pandemic, European Central Bank policymaker Carlos Costa said on Tuesday.

ECB's Costa calls for 'coronabonds' to prevent new euro debt crisis

Mar 23 2020

LISBON, March 23 Euro zone governments should ponder the issuance of common "coronabonds" specifically in response to the coronavirus pandemic to prevent a potential new sovereign debt crisis, European Central Bank policymaker Carlos Costa said on Monday.

World News