Edition:
United Kingdom

Sergio Goncalves

UPDATE 1-Portugal's Navigator sees higher paper demand, posts slim Q3 profit

27 Oct 2020

LISBON, Oct 27 Portugal's pulp and paper producer Navigator announced a 40.7% drop in third quarter net profit on Tuesday, a slight improvement on its half-year results as a gradual reopening of economies drove demand.

Portugal's Millennium bcp will not need more capital to deal with crisis -CEO

27 Oct 2020

LISBON, Oct 27 The CEO of Portugal's largest private bank, Millennium bcp said on Tuesday he was confident the bank would not require more capital to deal with the consequences of the coronavirus pandemic.

Mounting pressure on Portugal's health system could prompt further restrictions, minister says

26 Oct 2020

LISBON Portugal's national health minister warned on Monday that the country's national health service was under grave pressure and that further restrictive measures could be coming as the number of patients in intensive care approached record levels.

Portugal to invest 43 billion euros in large infrastructure by 2030, PM says

22 Oct 2020

LISBON, Oct 22 Portugal's prime minister announced 43 billion euros of public infrastructure investment on Thursday, including a high-speed rail link between Lisbon and the country's second largest city, Porto, to be carried out by 2030.

Divided world is failing COVID-19 test, says frustrated U.N. chief

17 Oct 2020

LISBON A divided world has failed to rise to the challenge of fighting the COVID-19 pandemic, U.N. Secretary-General Antonio Guterres said on Saturday and warned concerted action was needed to prevent millions of people being pushed into poverty and hunger. | Video

Vodafone may shun Portugal 5G auction unless 'illegal' rules are changed

15 Oct 2020

LISBON Vodafone may shun Portugal's planned auction of 5G frequency licences unless the regulator changes its proposed rules, which Vodafone Cluster Europe CEO labelled on Thursday as illegal and discriminatory against established players.

Portugal expects to send TAP restructuring plan to Brussels in November

13 Oct 2020

LISBON A restructuring plan for Portugal's flag carrier TAP will be sent to the European Commission in November, the secretary of state for the treasury said on Tuesday, which if approved will buy the airline time to repay a huge bailout loan.

UPDATE 2-Portugal's draft 2021 budget raises investment, subsidies, in bid to return to growth

13 Oct 2020

LISBON, Oct 12 Portugal's Socialist government unveiled its draft 2021 budget on Monday, offering more subsidies to the poorest hit by the coronavirus pandemic and betting on public investment to relaunch growth.

UK's easyJet to open new base in Portugal's coronavirus-battered Algarve

08 Oct 2020

LISBON British airline easyJet said on Thursday it would open a new base in Faro, the main city in Portugal's popular Algarve tourist region, which has been hammered by the economic fallout from the COVID-19 pandemic.

'A blessing in disguise': COVID gives boost to Portugal's bicycle makers

05 Oct 2020

LISBON Portugal's bicycle makers feared for their future when the coronavirus pandemic forced them in March to shut for two months but 2020 now looks set to be a bumper year as people shun public transport and opt for healthier ways of getting around. | Video

World News

Sunshine State showdown: Trump, Biden to take campaign battle to Florida

With Election Day looming, President Donald Trump and Democratic rival Joe Biden will both rally supporters on Thursday in the critical battleground state of Florida – campaigning in the same city hours apart and putting their differing approaches to the resurgent coronavirus pandemic on full display.