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United States

Axel Bugge

Portugal's economy - an express train at risk of derailing

Feb 15 2019

LISBON The passengers on a night train chugging along Portugal's northern coast last month got the fright of their lives when the 40-year-old locomotive's diesel engine literally fell off.

UPDATE 2-Elliott proposes 'superior' plan for Portuguese utility EDP

Feb 14 2019

* Proposes sale of Brazil operation, Iberian thermal holdings

UPDATE 3-Spain's Caixabank lags BBVA in fourth quarter, knocking shares

Feb 01 2019

MADRID, Feb 1 Caixabank lagged its larger Spanish rival BBVA in the fourth quarter, reporting higher provisions and a sharp net profit fall which wiped more than seven percent off its shares.

Ride-hailing companies suspend Barcelona services after new regulations

Jan 31 2019

MADRID Ride-hailing companies Uber and Cabify are to suspend their services in Barcelona in response to the regional government's imposition of limits on how they operate in the city.

Santander still talking to Orcel, profit lifted by Brazil

Jan 30 2019

MADRID Spain's Santander said on Wednesday it is still in contact with Andrea Orcel, the Italian banker seeking compensation after the bank withdrew an offer to make him its chief executive, but would stick with its existing CEO.

Portugal promises no visas for Britons in any no-deal Brexit

Jan 17 2019

LISBON Britons living in Portugal will keep their residency rights and tourists won't need a visa even in the event of a no-deal Brexit, and Lisbon hopes Britain would offer the same benefits to Portuguese citizens, Economy Minister Pedro Siza Vieira said.

Portugal promises no visas for Britons in any no-deal Brexit

Jan 17 2019

LISBON Britons living in Portugal will keep their residency rights and tourists won't need a visa even in the event of a no-deal Brexit, and Lisbon hopes Britain would offer the same benefits to Portuguese citizens, Economy Minister Pedro Siza Vieira said.

Cocaine surge to Europe fueled by new gangs, violence: report

Dec 13 2018

LISBON New gangs are muscling into cocaine markets in Europe, setting up smuggling networks straight from producers in Latin America to consumers, a business which used to be dominated by the mafia, the Lisbon-based EU drugs agency said on Thursday.

Evidence thin on medical pot, EU illegal drugs body says

Dec 04 2018

LISBON Evidence is still thin on the benefits of medicinal use of cannabis, an EU agency that monitors illegal drugs and addiction said on Tuesday, urging more study into the topic as growing numbers of countries allow it.

China wants to strengthen partnership with Portugal - Xi

Dec 02 2018

LISBON China wants to strengthen its relations with Portugal through a strategic partnership that aims to take advantage of the Iberian country's important location along Beijing's road and belt initiative, China's President Xi Jinping wrote on Sunday.

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