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International

Sergio Goncalves

Portugal's government ups minimum pay by 6% before election

Dec 02 2021

LISBON, Dec 2 Portugal's minority Socialist government on Thursday approved a 40-euro ($45) increase in the monthly minimum wage to 705 euros for 2022, Labour Minister Ana Mendes Godinho said, the biggest rise ever as the country heads towards an election on Jan. 30.

Portugal will re-tighten COVID-19 curbs at Christmas if needed -PM

Dec 01 2021

LISBON (Reuters) -Portugal's government will not hesitate to increase restrictions over Christmas if needed to control a recent jump in COVID-19 cases, Prime Minister Antonio Costa said on Wednesday.

UPDATE 1 -Portugal's growth slows to 2.9% in 3rd quarter, outlook bleak

Nov 30 2021

LISBON, Nov 30 Portugal's economic growth slowed down to 2.9% in the third quarter from 4.4% in the preceding three months, official data showed on Tuesday, with a further deceleration likely in what remains of the year due to a new surge in COVID-19 infections.

Bank of Portugal chief says country must use EU grants, reduce debt

Nov 29 2021

LISBON Portugal, which is gearing up for a snap election on Jan. 30, must take advantage of European Union recovery grants to support growth and resume pre-pandemic reductions of its high debt, Bank of Portugal Governor Mario Centeno warned on Monday.

Bank of Portugal chief says country must use EU grants, reduce debt

Nov 29 2021

LISBON, Nov 29 Portugal, which is gearing up for a snap election on Jan. 30, must take advantage of European Union recovery grants to support growth and resume pre-pandemic reductions of its high debt, Bank of Portugal Governor Mario Centeno warned on Monday.

Portugal's main opposition party re-elects moderate leader as election looms

Nov 27 2021

LISBON Portugal's main opposition Social Democratic Party (PSD) re-elected Rui Rio as its leader, tasking the moderate politician with the challenge of overcoming the ruling Socialists' lead in opinion polls ahead of a Jan. 30 snap election.

Credit Suisse chairman warns 'temporary inflation' talk too upbeat

Nov 18 2021

LISBON The talking down of speeding inflation as a temporary phenomenon by many central banks poses risks of a more intense monetary adjustment at a later date than would otherwise be needed, Credit Suisse Chairman Antonio Horta-Osorio said.

Portugal's TAP expects EU to approve restructuring plan before Christmas

Nov 16 2021

LISBON Portugal's ailing flag carrier TAP said on Tuesday it expects the European Commission to approve its 3.2 billion euro ($3.64 billion) restructuring plan, which has been under investigation over its compliance with EU rules, by Christmas.

UPDATE 1-Portugal's TAP expects EU to approve restructuring plan before Christmas

Nov 16 2021

LISBON, Nov 16 Portugal's ailing flag carrier TAP said on Tuesday it expects the European Commission to approve its 3.2 billion euro ($3.64 billion) restructuring plan, which has been under investigation over its compliance with EU rules, by Christmas.

Altice founder Drahi seeks bigger stake in Britain's BT - sources

Nov 15 2021

LONDON (Reuters) -Telecoms tycoon Patrick Drahi is looking to increase his stake in BT Group as he seeks to extend his influence at the British company, betting its fibre-optic rollout will boost value, three sources familiar with the matter told Reuters.

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