United Kingdom

Andrei Khalip

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

07 Jul 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

23 Mar 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.

Portugal to repatriate passengers of cruise ship from Brazil

22 Mar 2020

LISBON Portuguese authorities began the coronavirus testing and repatriation process for 1,338 passengers aboard a cruise ship en route from Brazil that docked in Lisbon on Sunday after its other European stopovers were canceled.

Coronavirus unlikely to have big impact on oil prices - U.S. energy secretary

13 Feb 2020

LISBON The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically affect oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan Brouillette told Reuters on Thursday.

U.S. highlights potential risks from China's EDP stake

13 Feb 2020

LISBON The United States would like to see Portugal's main utility EDP-Energias de Portugal expanding in the U.S. market, but Chinese investment in the company could pose risks that need to be evaluated, U.S. energy secretary Dan Brouillette said on Thursday.

Portuguese parliament passes budget aimed at first surplus in 45 years

06 Feb 2020

LISBON Portugal's parliament passed the minority Socialist government's 2020 budget bill on Thursday after rejecting a tax cut proposed by the opposition that threatened the plan's aim to post the first fiscal surplus in 45 years of Portuguese democracy.

EDP sells hydro plants in $2.4 billion deal and delivers profit warning

19 Dec 2019

LISBON Portugal's largest utility EDP said on Thursday it has agreed a multi-billion euro deal to sell six hydro power plants in the Douro river basin, to a consortium led by France's Engie .

Spain's far right doubles seats in hung parliament, difficult talks ahead

11 Nov 2019

MADRID Spain's far-right Vox party more than doubled its number of lawmakers in the country's fourth national election in four years, which delivered a deeply fragmented parliament, setting the stage for very difficult government negotiations. | Video

Portugal's PM targets 25% minimum wage rise in his new term

26 Oct 2019

LISBON Portugal's Prime Minister Antonio Costa promised on Saturday to raise the monthly minimum wage by 25% to 750 euros ($830) by 2023 as he started his second term in the office, while reiterating the goal to cut public debt to below 100% of GDP.

Portugal president seeks swift talks on premier after Socialist win

07 Oct 2019

LISBON Portugal's president will consult the main political parties on Tuesday so as to have a prime minister-designate in place without delay to tackle issues such as Brexit following the Socialists' victory in Sunday's election, his office said.

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