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☆ See what it's like living in Portugal's first 3D printed, 2-bedroom concrete home
▼ + stars: | 2024-05-07 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Startup Havelar built Portugal's first 3D printed home using COBOD's popular printing system. The Portugal-based startup says it can build faster and cheaper than conventional construction. AdvertisementIf companies like Portugal-based Havelar have their way, the future of affordable housing will look like perfectly stacked strands of spaghetti (as in, they'd be 3D printed). Printing-construction startup Havelar says it can build a new home in less than two months while pricing it significantly below market, all with the help of a robotic construction printer. It may sound like an impossible claim, but its latest project — and Portugal's first 3D printed home — has made its case.

Persons: — Organizations: Service Locations: Portugal

☆ Only 2 stocks in Europe have beaten estimates for 5 quarters and rallied each time
▼ + stars: | 2024-05-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Only two European stocks have positively surprised markets every quarter for the past five quarters, according to analysis by CNBC Pro. CNBC Pro screened for stocks that report EPS figures and have analysts' estimates available on FactSet. Most recently, on Feb. 5, the company beat earnings estimates by 6.1% and shares rallied more than 8% in the following session. Four quarters ago, the stock rallied by 12.8% in a single session following earnings. Many banking stocks, such as France's Societe Generale , Spain's Banco de Sabadell , Germany's Commerzbank and Sweden's Swedbank , beat earnings-per-share estimates over the past five quarters.

Persons: UniCredit, Germany's, Sweden's Organizations: CNBC Pro, Portugal's Banco Comercial Portugues, Generale, Spain's, Sabadell, Deutsche Bank, CNBC Locations: Europe, Milan

Alex Kraus | Bloomberg | Getty ImagesEuropean Central Bank policymaker Joachim Nagel said Wednesday that a rate cut for the institution looks increasingly likely for June, but added that certain parts of the incoming inflation data still look higher than desired. watch nowEarlier Wednesday, Mario Centeno, governor of Portugal's central bank, said it was "about time to change this monetary policy cycle." The ECB's June interest rate decision would be "very important," he said. Markets are widely pricing in the first rate cut from the ECB to take place in June. watch nowEarlier this week, ECB President Christine Lagarde said that unless there were any major shocks, the ECB was on track to cut interest rates soon.

Persons: Joachim Nagel, Alex Kraus, Central Bank policymaker Joachim Nagel, Germany's Bundesbank, Karen Tso, " Nagel, —, Mario Centeno, CNBC's Tso, Christine Lagarde, disinflation, CNBC's Sara Eisen, Robert Holzmann, Holzmann, wasn't Organizations: Deutsche Bundesbank, Bloomberg Television, Bloomberg, Getty, Central Bank, ECB Locations: Frankfurt, Germany, Washington ,, Europe, Portugal's, Austrian, East

☆ Leaked presentation reveals Microsoft's astounding plan to ramp up data-center capacity for the AI boom
▼ + stars: | 2024-04-17 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Microsoft significantly expanded its data-center capacity recently and plans to ramp up growth to astounding levels going forward, according to an internal document obtained by Business Insider. Since July 2023, the start of Microsoft's latest fiscal year, the company delivered more than 500 megawatts of new data-center capacity, the document disclosed. This requires Microsoft to deliver more than 200 megawatts in data-center capacity every month. "This is a very large data-center capacity." Microsoft's GPU footprint expanded into 39 additional data centers in this period, and the company now has "AI clusters" live in 98 locations globally.

Persons: Shaolei Ren, Ren Organizations: Microsoft, Business, Operations, Innovation, OpenAI, University of California, BI Locations: Riverside, Hong Kong

☆ Leaked presentation reveals Microsoft's astounding plan to ramp up data center capacity for the AI boom
▼ + stars: | 2024-04-17 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Since July 2023, the start of Microsoft's latest fiscal year, the company delivered more than 500 megawatts of new data center capacity, the document revealed. The rise of generative AI and huge foundation models is fueling a new data center boom. Microsoft's 5 gigawatts of installed data center capacity is equivalent to Hong Kong or Portugal's annual energy consumption, according to Shaolei Ren, an electrical and computer engineering professor at UC Riverside. This will require Microsoft to deliver more than 200 megawatts in data center capacity every month. "This is a very large data center capacity."

Persons: Shaolei Ren, Ren Organizations: Microsoft, Business, OpenAI, UC Riverside, BI Locations: Hong Kong

☆ The rich are getting second passports, citing risk of instability
▼ + stars: | 2024-04-10 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Wealthy U.S. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm. The wealthy are building these "passport portfolios" — collections of second, and even third or fourth, citizenships — in case they need to flee their home country. "The U.S. is still a great country, it's still an amazing passport," said Dominic Volek, group head of private clients at Henley & Partners. Instead, many wealthy Americans are shopping around for an added visa or citizenship program to supplement their U.S. passport. According to Henley, the top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy.

Persons: Robert Frank, citizenships, Dominic Volek, Peter Thiel, Eric Schmidt, Volek, Henley, It's Organizations: Henley & Partners, ., Henley, Malta, Visa Locations: Wealthy, New Zealand, Cyprus, Portugal, Malta, Greece, Italy, Europe, European, Germany, France, U.S

☆ Spain is about to make it much harder for wealthy foreigners to buy their way into residency
▼ + stars: | 2024-04-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Spain plans to end "golden visas" for non-EU citizens investing €500,000 in real estate. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSpain will no longer hand out "golden visas" to foreigners willing to pay big bucks for them. AdvertisementIn the last year, Ireland, the Netherlands, Portugal, and Greece have all shut down or tightened their golden visa programs for similar reasons. In 2018, New Zealand banned foreigners from buying existing homes following a housing affordability crisis, similar to Spain and Portugal's current situation.

Persons: —, Pedro Sánchez, Sánchez, it's, Peter Thiel, Meghan Morris Organizations: EU, Service, European Union, Associated Press, OECD, Investment, Henley & Partners Locations: Spain, Portugal, Greece, Ireland, Netherlands, Barcelona, Madrid, Valencia, Europe, New Zealand

☆ I moved to London and found it too stressful. Now I'm leaving for Portugal.
▼ + stars: | 2024-03-25 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

While he is earning more, Burton feels that life in London can be stressful and lonely. AdvertisementThis as-told-to essay is based on a conversation with Michael Burton, a 28-year-old quantity surveyor from Ireland who moved to London in 2023. Courtesy of Michael BurtonIn 2018, I left Ireland after graduating from university and moved to London. AdvertisementI lived in London until COVID hit in 2020 and then moved back to Ireland. If they are as strong as I believe, then moving to a different place shouldn't really affect them.

Persons: Michal Burton, Burton, he'll, —, Michael Burton, COVID, There's, wouldn't, I'd, Michael Burton London, I'm, I've, hasn't Organizations: Service, Ireland Locations: Ireland, London, Lisbon, Enniskerry, Wicklow, It's, Dublin, East London, COVID, Tooting, Balham, Wandsworth

☆ Record numbers of wealthy Americans are looking for ways to live overseas
▼ + stars: | 2024-03-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

An investment-migration consultancy says record numbers of rich Americans are enquiring about citizenship abroad. Portugal's golden visa program is the most popular option among Americans, Henley & Partners said. AdvertisementAn investment-migration consultancy says that it is seeing record numbers of wealthy Americans looking for ways to get residence rights abroad or additional citizenships. Programs offered by Malta, Spain, Greece, and Italy are also high on American citizens' lists, Henley & Partners said. The programs allow wealthy Americans to live in the USA as their primary residence but relocate "at any point," it said in the report.

Persons: —, Mehdi Kadiri, Dominic Volek, Kadiri Organizations: Henley & Partners, Service, North America, EU Locations: North, Portugal, Malta, Spain, Greece, Italy, USA

☆ Portugal’s election shows a surge in support for the far right, reflecting a broader European trend
▼ + stars: | 2024-03-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Democratic Alliance (AD) leader Luis Montenegro celebrates his victory as he addresses supporters at the party's election night headquarters, in Lisbon on March 10, 2024. Portugal's far-right Chega party on Sunday received a surge in support in the country's snap general election, reflecting a broader shift to the radical right across Europe. Portugal's center-right Democratic Alliance claimed victory in the vote, winning 79 seats in the country's 230-seat National Assembly — well short of a parliamentary majority. The incumbent center-left Socialist Party followed closely behind with 77 seats. The result — which saw the parliamentary representation of the Chega party quadruple to at least 48 lawmakers — gives the political right a combined majority.

Persons: Luis Montenegro, —, Pedro Nuno Santos Organizations: Democratic Alliance, Sunday, Assembly, Socialist Party, Social Democratic Party, Chega, Democratic Locations: Lisbon, Portugal's, Europe

☆ Explainer-What's Next After Portugal's Inconclusive Election
▼ + stars: | 2024-03-11 | by ( March | At P.M. | ) www.usnews.com time to read: +4 min

The centre-left Socialist Party (PS) won 77 seats, down sharply from its absolute majority of 120 in the previous legislature, after the resignation of Socialist Prime Minister Antonio Costa amid a corruption investigation. Failure to approve a budget usually means the government's collapse and a new election. Portugal's constitution sets out that a new general election cannot happen earlier than six months after a new legislature first convenes, nor in the six months before a presidential election, which is due in January 2026. AD'S POLICY PROPOSALSThe newly-formed AD is led by the centre-right Social Democratic Party (PSD) - the Socialists' main traditional rival. Investors do not expect much divergence from established fiscal prudence and economic growth from an AD government.

Persons: Andrei Khalip LISBON, Antonio Costa, Marcelo Rebelo de Sousa, Luis Montenegro, Andre Ventura, Rebelo de Sousa, Chega, Ventura, Sergio Goncalves, Aislinn Laing, Mark Heinrich Organizations: Democratic Alliance, Liberal Initiative, Socialist Party, Socialist, Conservative, Social Democratic Party, PSD, Socialists, Investors Locations: Montenegro, Portugal, Brussels

☆ Madeleine McCann Suspect to Face Trial on Separate Sex Assault Charges
▼ + stars: | 2024-02-15 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BERLIN (Reuters) - The main suspect in the 2007 disappearance of British toddler Madeleine McCann goes on trial in Germany on Friday on separate charges relating to child sexual abuse crimes in Portugal. He has not yet been required to enter a plea and his legal team have made no public comment about the charges. Portuguese prosecutors in the disappearance of the British child identified as an official suspect a person whose details corresponded to that of Brueckner two years ago. Brueckner has denied being involved in the disappearance and has not been charged with any crime related to it. McCann disappeared from her bedroom on May 3, 2007, during a family holiday while her parents were dining with friends nearby in the resort of Praia da Luz.

Persons: Madeleine McCann, Christian Brueckner, McCann, Brueckner, Thomas Escritt, Alison Williams Organizations: BERLIN Locations: Germany, Portugal, Portugal's Algarve, Brunswick, Algarve, knifepoint, Praia da Luz

☆ Amid Drought, Water Curbs in Portugal's Algarve, Spain's Catalonia
▼ + stars: | 2024-01-18 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Sergio Goncalves and Joan FausLISBON/BARCELONA (Reuters) - Portugal's caretaker government has ordered cuts to the amount of water used in farmland irrigation and in urban environments including hotels in the tourism-dependent southern region of Algarve, where a severe drought has nearly emptied reservoirs. Across the Iberian peninsula, Spain's northeastern region of Catalonia is suffering its worst drought on record and authorities in the greater Barcelona area said on Thursday they would reduce water pressure in some towns' supply systems. If nothing was done in relation to moderation on the consumption side, we would reach the end of 2024 without water for public supply," he said. In the southern region of Andalusia, officials on Thursday said there would be water restrictions in big cities such as Seville, Cordoba or Malaga by the summer in the absence of substantial rain before then. (Reporting by Sergio Goncalves; additional reporting by Joan Faus in Barcelona and Emma Pinedo in Madrid; editing by Andrei Khalip and Bernadette Baum)

Persons: Sergio Goncalves, Joan Faus, Duarte Cordeiro, Emma Pinedo, Andrei Khalip, Bernadette Baum Locations: Joan Faus LISBON, BARCELONA, Algarve, Catalonia, Barcelona, Portugal, Andalusia, Seville, Cordoba, Malaga, Madrid

☆ So, that 31-year-old dog in Portugal might not be the oldest dog in the world after all
▼ + stars: | 2024-01-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementIn February 2023, the Guinness World Records announced that it had found the world's oldest living canine and the oldest dog ever recorded. But the Guinness World Records is now putting his title on hold amid a wave of questions over the legitimacy of his claim. Bobi's age is registered in Portugal's government database, which Guinness World Records said it checked before giving out the award. AdvertisementBobi's record came just after Spike, a 23-year-old Chihuahua, was named the oldest living dog by the Guinness World Records. AdvertisementThe Guinness World Records' press team did not immediately respond to a request for comment sent outside regular business hours.

Persons: Bobi, —, Leonal Costa, Danny Chambers, Chambers, Costa Organizations: Guinness World Records, Service, World Records, Records, Associated Press, Veterinary, Royal College of Veterinary Surgeons, Guardian, Guinness, WIRED, AP Locations: Alentejo, Portugal, Chihuahua, Australian

☆ CNBC Daily Open: Down to Davos
▼ + stars: | 2024-01-16 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia markets fell, led lower by declines in Hong Kong stocks, as Japan shares cooled off from their record-breaking rally. Georgieva told CNBC on the sidelines of Davos that the world's second-largest economy is facing both short-term and long-term challenges. [PRO] Morgan Stanley picks 'alpha' stocksAlpha stocks are those that can beat the benchmark index, and Morgan Stanley picked its favorite plays in Asia.

Persons: Martin Luther King Day, Goldman Sachs, Morgan Stanley, Robert Holzmann, it's, Mario Centeno, Georgieva Organizations: CNBC, ECB, European Central Bank, Economic, International Monetary Fund, Alpha Locations: Asia, Hong Kong, Japan, Davos, Switzerland, China, Pacific

☆ As others try to quash rate cut talk, European Central Bank's Centeno flags inflation progress
▼ + stars: | 2024-01-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Euro zone inflation is moving in the right direction, Portugal's central bank governor Mario Centeno said Tuesday, despite his peers on the European Central Bank Governing Council striking a more hawkish tone in recent days. "We target medium term inflation, we don't target February inflation, and the trajectory is very positive right now," Centeno told CNBC at the World Economic Forum in Davos, Switzerland. "I don't say that overshooting is a possibility, but we don't need to do more than is needed to bring inflation in the medium term to 2%. Since the end of 2022, all our forecasts to 2025 show a very well-anchored forecast for inflation in the medium term." Services inflation is falling faster than it went up and is on a particularly positive course, according to Centeno.

Persons: Mario Centeno, Centeno, Robert Holzmann, Holzmann, We've Organizations: European Central Bank Governing Council, CNBC, Economic, ECB Locations: Davos, Switzerland, Austrian

☆ U.S. Visitors Push Portugal's Foreign Tourism to Record in November
▼ + stars: | 2024-01-15 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

LISBON (Reuters) - Almost 140,000 visitors from the United States brought the number of foreign tourists in Portugal to a record high last November, the National Statistics Institute (INE) said on Monday. Overall, 1.1 million foreigners travelled to Portugal in November, a record number for that month. Spaniards and Britons came second and third, with 131,000 and 124,000 travellers respectively, INE said in its monthly report. The number of U.S. tourists has grown significantly in recent years as they increasingly find the southern European country cheap, sunny and safe. Tourism, a key driver of Portugal's economy, accounted for almost 15% of gross domestic product before the pandemic.

Persons: Patrícia Vicente Rua, Inti Landauro, Alex Richardson Organizations: National Statistics Institute, Britons Locations: LISBON, United States, Portugal, Tourism

☆ Portugal extends tax breaks for foreign residents despite house price concerns
▼ + stars: | 2023-11-29 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

View of the Portuguese parliament on the day of the vote on the 2024 state budget bill on final reading amid Prime Minister Antonio Costa's resignation, in Lisbon, Portugal, November 29, 2023. REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsLISBON, Nov 29 (Reuters) - Portugal's parliament on Wednesday extended tax breaks for foreign residents until the end of next year despite criticism that the scheme has stoked housing prices to levels unaffordable to many Portuguese. Official data showed that over 74,000 people had benefited from the scheme by the end of 2022. Last year the tax exemptionscost the state budget more than 1.5 billion euros ($1.65 billion), an annual increase of 18.5%. ($1 = 0.9106 euros)Reporting by Sergio Goncalves Editing by Catarina Demony and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Antonio Costa's, Pedro Nunes, Antonio Costa, Sergio Goncalves, Catarina Demony, Gareth Jones Organizations: REUTERS, Rights, Socialist Party, Socialists, Thomson Locations: Lisbon, Portugal, Rights LISBON

☆ Portugal's Attorney General Says She's Not Responsible for PM Costa's Downfall
▼ + stars: | 2023-11-23 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Sergio GoncalvesLISBON (Reuters) - Portugal's Attorney General Lucilia Gago on Thursday rejected criticism from the ruling Socialist Party (PS) that she was responsible for Prime Minister Antonio Costa's resignation because of her probe into alleged irregularities in his administration. Costa stepped down on Nov. 7 over an investigation into alleged illegalities in his government's handling of lithium and hydrogen projects. Prosecutors said Costa was also the target of a related probe, but he has denied wrongdoing. Santos Silva said some in the judicial system viewed political activity as "by nature suspicious and tend to criminalize political and governmental action." He demanded the justice system decide Costa's case before the snap election.

Persons: Sergio Goncalves LISBON, Lucilia Gago, Antonio Costa's, Gago, Costa, illegalities, Marcelo Rebelo de Sousa, Augusto Santos Silva, Santos Silva, Sergio Goncalves, Charlie Devereux, Jonathan Oatis Organizations: Portugal's, Socialist Party, Prosecutors Locations: Costa

☆ Hundreds of Portuguese police raid farms in human trafficking crackdown
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

Portuguese maritime police at one of two sites where hundreds of human trafficking victims, mostly migrants from Southeast Asia, were found near Portugal's capital Lisbon, in Samouco, Portugal, June 21, 2023. REUTERS/Miguel Pereira/File Photo Acquire Licensing RightsLISBON, Nov 21 (Reuters) - Hundreds of police raided farms in Portugal's southern Alentejo region on Tuesday, arresting 28 people suspected of human trafficking and labour exploitation, police said. Those detained, both Portuguese and foreign nationals, are suspected of human trafficking, criminal association, aiding illegal immigration, illegal labour recruitment, extortion, money laundering and exerting physical harm, among other crimes. Cases of labour exploitation, when poor migrants are trapped in unpaid work, and human trafficking have been growing in Portugal, particularly in the agricultural sector. The Council of Europe has reported that Portuguese authorities identified 1,152 suspected victims of trafficking in 2016-2020, but the number of investigations, prosecutions and convictions was low for such a large number.

Persons: Miguel Pereira, Patrícia Vicente Rua, Andrei Khalip, Nick Macfie Organizations: Portuguese, REUTERS, Rights, Police, of, Thomson Locations: Southeast Asia, Portugal's, Lisbon, Samouco, Portugal, Rights LISBON, Alentejo, Romania, Moldova, Ukraine, India, Senegal, Pakistan, of Europe

☆ Dollar falls to 2-1/2 month low on Fed expectations, yen strengthens
▼ + stars: | 2023-11-20 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Markets have priced out any additional Fed rate hikes, as recent data has shown a slowing of the economy and inflation pressures - but not enough to increase fears a sharp recession is looming. "The market is convinced, both credit, equities and currencies that the Fed has finished raising rates, but the Fed is not willing to say so. "So you're getting a gradual weakening in the dollar, simply because the Fed is doing its best to prop up rates, not necessarily the dollar, but to prop up rates." Against the yen the dollar was last traded at 148.36 yen , down 0.84%.

Persons: Dado Ruvic, CME's, we've, Joseph Trevisani, Thomas Barkin, Moody's, Sterling, Chuck Mikolajczak, Jonathan Oatis Organizations: REUTERS, U.S . Federal Reserve, Conference, Fed, Richmond Federal, Central Bank, Thomson Locations: U.S

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Closely watched U.S. treasury yields slipped after auction, while global oil futures gained $2 on the prospect of supply cuts. Europe's benchmark STOXX index (.STOXX) inched up 0.1%, with energy stocks (.SXEP) leading gains. The healthcare sector (.SXDP) fell after shares in Bayer (BAYGn.DE) dropped to their lowest in 14 years. The dollar index fell to 103.26, its weakest since the start of September, as investors appeared to solidify bets that the Fed could start cutting interest rates next year.

Persons: Brendan McDermid, Dow Jones, Quincy Krosby, Krosby, Ricardo Evangelista, Goldman Sachs, Moody's, Brent, Chris Prentice, Wayne Cole, Lawrence White, Lincoln, Susan Fenton, Will Dunham, Sharon Singleton, Andrew Heavens Organizations: New York Stock Exchange, REUTERS, Nvidia, U.S, Bayer, Nasdaq, Microsoft, Nikkei, Trading, LPL, Tech, European Central Bank, NAB, Thomson Locations: New York City, U.S, SYDNEY, Thursday's U.S, United States, Europe, Italy, New York, Sydney, London

☆ Dollar falls to two-month low on Fed view, yen strengthens
▼ + stars: | 2023-11-20 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Markets have priced out any additional Fed rate hikes, as recent data has showed a slowing of the economy and inflation pressures - but not enough to increase fears a sharp recession is looming. "The market is convinced, both credit, equities and currencies that the Fed has finished raising rates, but the Fed is not willing to say so. "So you're getting a gradual weakening in the dollar, simply because the Fed is doing its best to prop up rates, not necessarily the dollar, but to prop up rates." Against the yen the dollar was traded at 148.40 yen , down 0.81%.

Persons: Dado Ruvic, CME's, we've, Joseph Trevisani, Thomas Barkin, Moody's, Sterling, Chuck Mikolajczak, Jonathan Oatis Organizations: REUTERS, U.S . Federal Reserve, Conference, Fed, Reserve Bank of Richmond, Central Bank, Thomson Locations: U.S

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. The MSCI World Equity Index (.MIWD00000PUS) gained 0.38% by 10:37 a.m. EST (1537 GMT) and Europe's benchmark STOXX index (.STOXX) rose 0.08%. The tech-heavy index (.IXIC) gained 0.44% to 14,187.16, as the Dow Jones (.DJI) rose 0.25% to 35,035.33 and the S&P 500 index (.SPX) gained 0.27% to 4,526.14. The dollar index fell to 103.46, its weakest level since the start of September, as investors appeared to solidify bets that the Fed could start cutting rates next year. "Dovish minutes could trigger some downside risk for the dollar," Ricardo Evangelista, senior analyst at ActivTrades, said.

Persons: Brendan McDermid, Dow Jones, Israel, Ricardo Evangelista, Goldman Sachs, Moody's, Brent, Chris Prentice, Wayne Cole, Lawrence White, Lincoln, Susan Fenton, Sharon Singleton, Andrew Heavens Organizations: New York Stock Exchange, REUTERS, Nvidia, Global, U.S, Nasdaq, Microsoft, Nikkei, Hamas, Tech, Treasury, European Central Bank, NAB, Thomson Locations: New York City, U.S, SYDNEY, United States, Gaza, Europe, Italy, New York, Sydney, London

☆ Shakira stands trial in Spain for alleged tax fraud
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +2 min

Shakira poses on the red carpet during the 24th Annual Latin Grammy Awards show in Seville, Spain, November 16, 2023. The 'Hips Don't Lie' Colombian megastar, who also has a second tax fraud investigation pending with Spanish authorities, has vowed to fight what she called false accusations. She rejected a settlement offer from the prosecutor's office to close the case and is expected to testify on Monday in the first of 12 hearings scheduled until Dec. 14. The prosecutor's office is seeking an up to eight-year prison term and to claim back the taxes it says she owes. Shakira, 46, lived with former Barcelona and Spain soccer star Gerard Pique for 11 years and the couple have two children.

Persons: Shakira, Marcelo del Pozo, Gerard Pique, Shakira Isabel Mebarak Ripoll, Judge Jose Manuel del Amo Sanchez, Portugal's Cristiano Ronaldo, Argentina's Lionel Messi, Diego Costa, Bayer, Xabi Alonso, Alonso, Emma Pinedo, Aislinn Laing, Alexander Smith Organizations: REUTERS, Rights, Spanish, Bayer Leverkusen, Thomson Locations: Seville, Spain, Rights BARCELONA, Barcelona, Miami, Spanish

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