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Portugal's EDP raises 1.02 bln euros to finance Viesgo deal

LISBON, Aug 7 Portugal's largest utility EDP said on Friday it had raised 1.02 billion euros ($1.20 billion) from shareholders to partly finance the acquisition of Spanish electricity company Viesgo.

Portugal's CGD first-half profit plunges 41% as coronavirus bites

LISBON, July 31 Portugal's largest bank, state-owned Caixa Geral de Depositos, on Friday reported a 41% drop in first-half net profit, hurt by credit impairment charges due to the severe economic recession arising from the coronavirus pandemic.

UPDATE 2-Portugal's GDP slumps 14.1% in Q2, biggest contraction ever recorded

LISBON, July 31 Portugal's gross domestic product shrank 14.1% in the second quarter of 2020, the biggest contraction ever, as lockdowns imposed to contain the spread of the coronavirus hit key sectors of the economy.

Portugal's GDP slumps 14.1% in Q2, biggest contraction ever recorded

LISBON, July 31 Portugal's gross domestic product shrank 14.1% in the second quarter of 2020, marking the biggest contraction ever, as lockdowns imposed to contain the spread of the coronavirus outbreak hit key sectors of the economy.

Exclusive: Portugal telcos won't use Huawei for core 5G networks though no government ban

LISBON The three companies who dominate Portugal's mobile phone market said they would not use Huawei [HWT.UL] technology in their core 5G networks despite the government not banning the Chinese group from supplying critical infrastructure.

Tech, Jul 30 2020

UPDATE 2-Coronavirus pushes Portugal jobless rate to 7% in June

LISBON, July 29 Portugal's unemployment rate rose to 7% in June from a revised 5.9% in May as tens of thousands of jobs were wiped out amid the coronavirus pandemic, official data showed on Wednesday.

Markets, Healthcare Jul 29 2020

UPDATE 1-Portugal's Millennium bcp profit drops 55% as pandemic bites

LISBON, July 28 Portugal's largest private bank, Millennium bcp, reported on Tuesday a 55.3% drop in first-half net profit to 76 million euros ($89 million), after costly provisions to offset the economic impact of the coronavirus outbreak.

Portugal's Millennium bcp profit drops 55% as pandemic bites

LISBON, July 28 Portugal's largest private bank, Millennium bcp, reported on Tuesday a drop of 55.3% in its first half net profit to 76 million euros, after costly provisions to offset the economic impact of the coronavirus outbreak.

Portugal's public deficit spikes in first half due to pandemic

LISBON, July 27 Portugal's government reported on Monday a public deficit of 6.7 billion euros in the first half of 2020, jumping 10 times compared to the same period last year, due to the impact of the coronavirus pandemic.

Healthcare, Markets, Jul 27 2020

Portugal launches plan to boost exports hit by pandemic

LISBON, July 24 Portugal's government has launched a plan aimed at boosting its export sector to alleviate the impact of the coronavirus pandemic, with a goal of increasing exports to 53% of gross domestic product by 2030 from 44% last year.

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Lebanon sees possible 'external interference' in port blast

BEIRUT Lebanon's president said on Friday its investigation into the biggest blast in Beirut's history would examine whether it was caused by a bomb or other external interference, as residents sought to rebuild shattered homes and lives. | Video