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Portugal fuel-tanker drivers say they will suspend strike, negotiate

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LISBON Portugal's fuel-tanker drivers will suspend a five-day-old strike that led to fuel rationing at the height of the tourist season and negotiate with employers in government-brokered talks, their union said on Friday.

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Portugal braces for potential fuel-tanker strike 07 Aug 2019

LISBON Portugal's government said on Wednesday it would guarantee fuel to critical sectors like hospitals and airports if another strike threatened by tanker drivers goes ahead next week.

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Ryanair to shut Faro base in Portugal in 2020 - union 07 Aug 2019

LISBON Ryanair has decided to close its base at Faro International Airport in southern Portugal from next year with the loss of at least 120 jobs, the SNPVAC cabin crew union, which had called a strike for Aug. 21-25, said on Wednesday.

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Portugal tourism growth slowed sharply as fewer Brits visit 02 Aug 2019

LISBON The number of foreign tourists who travelled to Portugal rose 7.5% to 22.8 million visitors in 2018, a sharp slowdown from a nearly 17 percent jump the previous year due to a decline in visitors from Britain, its biggest market.

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Ryanair Portuguese cabin crew to strike in August - union 24 Jul 2019

DUBLIN Ryanair cabin crew in Portugal are set to strike for five days in August in a dispute over pay and conditions, the SNPVAC union said on Wednesday.

Bidders line up offers for Portugal's largest motorway operator Brisa - sources 18 Jul 2019

LISBON/MADRID At least three infrastructure funds and a Spanish toll road operator are lining up offers for a stake in Portugal's largest motorway manager Brisa, three sources with knowledge of the matter said.

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Generali buys Portuguese assets from Apollo for 600 million euros 18 Jul 2019

MILAN Italy's top insurer Assicurazioni Generali has reached a deal to buy Portuguese insurer Seguradoras Unidas and a smaller service company from U.S. fund Apollo Global Management for a total of 600 million euros (£540 million), it said on Thursday.

UPDATE 1-Portugal to buy five Embraer military planes for 827 mln euros 11 Jul 2019

LISBON, July 11 Portugal's government will buy five KC-390 military transport aircraft and a flight simulator from Brazilian aerospace company Embraer for 827 million euros ($932 million), Defence Minister Joao Gomes Cravinho said on Thursday.

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Generali in exclusive talks to buy Portugal's Tranquilidade - sources 09 Jul 2019

LISBON/LONDON Italy's Generali has entered exclusive negotiations to buy Portuguese insurer Tranquilidade in a deal to boost its presence in Portugal, two sources familiar with the matter said.

Portugal extends deadline for solar power auction on strong demand 02 Jul 2019

LISBON Portugal has extended the deadline for a mega-auction of new solar energy capacity by a week to July 7 due to a strong interest by about 300 investors, Environment and Energy Transition Minister Joao Pedro Matos Fernandes said on Tuesday.

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Trump says he does not want regime change in Iran

BIARRITZ, France U.S. President Donald Trump said on Monday he wanted to see a strong Iran and was not seeking a change of leadership in Tehran, adding that the standard of living for ordinary Iranians was unacceptable.