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Portugal's main telcos sign up for 5G auction amid legal dispute

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LISBON Portugal´s three biggest telecoms companies said they had submitted applications to take part in the country's 5G licence auction amid a legal dispute with the Portuguese telecoms regulator over the rules.

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EU must rebuild industry, avoid protectionism after pandemic - Portugal PM 23 Nov 2020

LISBON Rebuilding European industry and making it less reliant on China and other nations should be a priority after the coronavirus pandemic but the EU should avoid protectionist policies, Portugal's prime minister said on Monday.

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Portugal must diversify tourism-dependent economy after pandemic, government official says 23 Nov 2020

LISBON Portugal's tourism sector is set to lose 60,000 jobs this year alone due to the impact of the coronavirus outbreak and a recovery is still far off, Tourism Secretary Rita Marques said on Monday.

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Portugal must diversify tourism-dependent economy after pandemic, government official says 23 Nov 2020

LISBON Portugal's tourism sector is set to lose 60,000 jobs this year alone due to the impact of the coronavirus outbreak and a recovery is still far off, Tourism Secretary Rita Marques said on Monday.

Portugal's Novo Banco 9-month net loss soars 49% on provisions 16 Nov 2020

LISBON, Nov 16 Portugal's Novo Banco, which emerged from the ruins of the collapsed Banco Espirito Santo, reported a 49% leap in its net loss for January-September to 853 million euros ($1 billion)following provisions to discontinue its business in Spain.

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Portugal to launch 5G auctions this month in face of legal challenges 06 Nov 2020

LISBON Portugal's telecoms regulator said on Friday it would start its delayed auctions of 5G frequency licences in November, even as major players warned they would go to court to challenge rules they said unfairly favoured new entrants.

Europe must be cautious in withdrawing support for businesses, Portugal's Centeno warns 27 Oct 2020

LISBON, Oct 27 Bank of Portugal governor Mario Centeno said on Tuesday that the risks associated with winding down measures to support economies hit by the coronavirus pandemic were serious and European authorities must be careful in doing so.

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.

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.

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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.

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Biden names top economic team to focus on recovery from pandemic

WILMINGTON, Del. (Reuters) -U.S. President-elect Joe Biden named several women to his top economic policy team on Monday, including former Federal Reserve Chair Janet Yellen as Treasury secretary nominee, setting the stage for diversity and a focus on recovery from the pandemic.