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

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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Portugal second-quarter budget deficit spikes to 10.5% due to pandemic 23 Sep 2020

LISBON Portugal's budget deficit soared to 10.5% of gross domestic product in the second quarter of 2020 from 2.2% a year earlier because of the coronavirus pandemic, official data showed on Wednesday.

UPDATE 1-Portugal second-quarter budget deficit spikes to 10.5% due to pandemic 23 Sep 2020

LISBON, Sept 23 Portugal's budget deficit soared to 10.5% of gross domestic product in the second quarter of 2020 from 2.2% a year earlier because of the coronavirus pandemic, official data showed on Wednesday.

Portugal second-quarter budget deficit spikes to 10.5% due to pandemic 23 Sep 2020

LISBON, Sept 23 Portugal's budget deficit soared to 10.5% of gross domestic product (GDP) in the second quarter of 2020 from 2.2% a year earlier due to the impact of the coronavirus pandemic, official data showed on Wednesday.

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Zara-owner Inditex starts online sales at budget brand Lefties 03 Sep 2020

MADRID Zara-owner Inditex's little-known budget brand Lefties started online sales in Spain and Portugal on Thursday, giving the label a digital advantage over discount fashion chain Primark in its second-biggest market.

Portugal's Novo Banco never sold assets to Lone Star, says CEO 02 Sep 2020

LISBON, Sept 2 Portugal's Novo Banco, which emerged from the ruins of the collapsed Banco Espirito Santo (BES), denied on Wednesday it sold assets to its main shareholder, U.S. private equity fund Lone Star, after some politicians suggested it had.

UPDATE 2-Mota-Engil near deal to sell 30% stake to China's CCCC 27 Aug 2020

LISBON, Aug 27 Portugal's largest builder Mota-Engil is close to sealing a deal to sell a 30% stake in the company to China Communications Construction Co (CCCC), it said on Thursday.

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As COVID-19 roars back in U.S., Trump rallies in battleground Arizona

BULLHEAD CITY, Ariz./WILMINGTON, Del. With less than a week of voting left, President Donald Trump on Wednesday held an in-person campaign rally in Arizona despite a U.S. surge in COVID-19 cases and mounting criticism that he is prioritizing his re-election above the health of his supporters.