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Jeff Bezos's space colonies would look like cylindersAn artist's concept of an O'Neill space colony, which could theoretically emulate Earth-like living conditions in space. O'Neill space colonies would be large enough to host entire cities, 10,000-foot-tall mountains, and millions of people. AdvertisementBezos isn't suggesting that people will be living in O'Neill space colonies by the end of the century. AdvertisementSaving Earth would be far easier than building Bezos' space colonies, he told BI. Even if we never make it to space colonies, the work of researchers studying extraterrestrial colonization could benefit us here on Earth.
Persons: , Jeff Bezos, podcaster Lex Fridman, Bezos, Fridman, astrobiologists —, Jeff Bezos's, O'Neill, Gerard K, Anthony Longman, Longman, Rebeca Gonçalves, Adam Watkins, we've, Watkins, you've, We've, Martin Rees, Gonçalves, Rees Organizations: Service, Business, Elon, SpaceX, European Space Agency, NASA, University of Nottingham, United, Royal Locations: Antonio , TX, O'Neill
Among the goals of his three-day state visit in October: securing another $1 billion in loans from China to help complete infrastructure projects. On Wednesday, when he arrived at Joint Base Andrews to begin another state visit – this time to Washington – he again found a red carpet and troops. Senior administration officials acknowledge a central factor in scheduling a state visit with Kenya was the desire to counter China’s influence and financial leverage on the African continent, which has outpaced the United States in direct investment. One of the goals of Thursday’s state visit is to demonstrate the ability of democracies – like Kenya’s – to deliver for their people. “I plan on going in February,” Biden told reporters.
Persons: Washington CNN —, William Ruto, Joint Base Andrews, Washington –, Jill Biden, Joe Biden, , Kenya –, , , Biden, Ruto, ” Ruto, he’s, João Manuel Gonçalves Lourenço, Jake Sullivan, ” Biden, Xi Jinping, Donald Trump –, ” Sullivan, Ariel Henry Organizations: Washington CNN, Kenyan, Joint Base, East, Kenya, NATO, Africa –, White, Initiative, Loans, Washington, World Bank, Group, European Union, Democratic, White House, Angolan, Advisers, CNN, Haitian Locations: Beijing, China, Africa, Kenya, United States, China’s, Nairobi, Mombasa, Boston, US, Angola, Democratic Republic of Congo, Zambia, Washington, East, Ukraine, , Russia, , combatting al, Shabab, Somalia, Yemen, Haiti
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cleveland-Cliffs CEO Lourenco GoncalvesLourenco Goncalves, Cleveland-Cliffs CEO, joins 'Closing Bell Overtime' to talk quarterly results, share buybacks, U.S. Steel-Nippon deal and more.
Persons: Lourenco Goncalves Lourenco Goncalves Organizations: Cliffs, U.S . Steel, Nippon Locations: Cleveland, U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have the liquidity to pursue further share buybacks, says Cleveland-Cliffs CEOLourenco Goncalves, Cleveland-Cliffs CEO, joins 'Closing Bell Overtime' to talk quarterly results, share buybacks, the U.S. Steel-Nippon deal and more.
Persons: Lourenco Goncalves Organizations: Cliffs, U.S . Steel, Nippon Locations: Cleveland
CNN —At least 27 people have been killed in southeast Brazil as rainfall continues to ravage parts of the country, according to CNN affiliate CNN Brasil citing state authorities. The death toll in the Brazilian state of Espirito Santo rose to 19, and at least eight people have been killed in neighboring state Rio de Janeiro, CNN Brasil reported citing each state’s respective Civil Defense. At least six people are still missing, and more than 7,000 people were forced to flee their homes in Espirito Santo, according to CNN Brasil. Construction worker Nicelio Goncalves, 52, shows the interior of his flooded house outside in Rio de Janeiro state on Sunday, March 24. Flooding and landslides remain one of the main concerns as rainfall has yet to cease through the week.
Persons: Nicelio Goncalves, Pilar Olivares, Luiz Inacio Lula da Silva, Rio de Janeiro Governor Claudio Castro, Renato Casagrande, Allison Chinchar Organizations: CNN, CNN Brasil, Civil Defense, Reuters, Rio de Janeiro Governor, Espirito Santo Locations: Brazil, Brazilian, Espirito Santo, Rio de Janeiro, Rio de, Rio Grande do Sul, Sao Paulo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCleveland-Cliffs CEO: Have full conviction a Nippon Steel-USW deal 'will never happen'Cleveland-Cliffs CEO Lourenco Goncalves joins 'Squawk on the Street' to discuss Nippon Steel's proposed deal to buy U.S. Steel, why he believes Nippon Steel will not reach an agreement with the United Steelworkers union, whether Cleveland-Cliffs would consider a bid for U.S. Steel's asset if the Nippon deal fell apart, and more.
Persons: Lourenco Goncalves, Nippon Steel's Organizations: Cliffs, Nippon Steel, Nippon, . Steel, United Steelworkers, U.S Locations: Cleveland
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
CHARLESTON, W.Va. (AP) — Cleveland-Cliffs announced Thursday that it is shutting down a northern West Virginia tin production facility indefinitely and plans to lay off 900 workers after the International Trade Commission voted against imposing tariffs on tin imports. The trade commission also voted to stop a duty investigation into tin products shipped from South Korea. Cleveland-Cliffs said it will offer either severance packages or opportunities for workers in Weirton to be relocated to its other facilities. The trade commission ruling was shocking and made it “impossible for us to viably produce tinplate.”Goncalves added that the trade commission’s decision “is a travesty for America, middle-class jobs, and our critical food supply chains. Cleveland-Cliffs' tin facility in Weirton was once a nearly 800-acre property operated by Weirton Steel, which employed 6,100 workers in 1994 and filed for bankruptcy protection in 2003.International Steel Group bought Weirton Steel in federal bankruptcy court in 2003.
Persons: , Lourenco Goncalves, , , ” Goncalves, ” Sen, Joe Manchin, ” Manchin, Sen, Shelley Moore Capito Organizations: Cliffs, International Trade Commission, U.S . Department of Commerce, United Steelworkers, Weirton, International Steel Group, Weirton Steel, Commerce Locations: CHARLESTON, W.Va, — Cleveland, West Virginia, Canada, China, Germany, United States, South Korea, Cleveland, Weirton, Ohio, Pittsburgh . Cleveland, America, West Virginia’s, Follansbee . Cleveland, Luxembourg,
Cleveland-Cliffs CEO Lourenco Goncalves on Q4 results
  + stars: | 2024-01-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCleveland-Cliffs CEO Lourenco Goncalves on Q4 resultsCleveland-Cliffs CEO Lourenco Goncalves joins 'Money Movers' to discuss the company's quarterly earnings results, the key drivers of demand this year, and the outlook for U.S. steel.
Persons: Lourenco Goncalves Organizations: Cliffs Locations: Cleveland
Thousands of Portuguese Police Protest Over Wages, Hazard Pay
  + stars: | 2024-01-24 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
By Sergio Goncalves and Miguel PereiraLISBON (Reuters) - Thousands of off-duty police officers in plain clothes on Wednesday protested in Lisbon for better wages, demanding the same increases in hazard pay that the outgoing government recently granted to the criminal investigation police (PJ). In late November, after Prime Minister Antonio Costa's resignation but while he still had full powers to make long-term decisions, the government approved hazard pay rises for the PJ that can reach almost 700 euros ($763) per month and are retroactive to January 2023. He added that members of the PSP and the GNR had "practically the same competences as those of the PJ". Police union association ASPP said on Tuesday that the average hazard pay in the PSP was currently between 380 and 420 euros per month, while in the PJ it has reached 1,000 euros. ($1 = 0.9179 euros)(Reporting by Sergio Goncalves and Miguel Pereira; Editing by David Latona and Jonathan Oatis)
Persons: Sergio Goncalves, Miguel Pereira, Antonio Costa's, Humberto de Carvalho, Jose Luis Carneiro, ASPP, Marcelo Rebelo de Sousa, David Latona, Jonathan Oatis Organizations: Miguel Pereira LISBON, Public Security Police, National Republican Guard, PSP, GNR, Police Locations: Lisbon
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
‘I Want Everything.’ The Pugnacious, Arm-Twisting CEO
  + stars: | 2023-12-01 | by ( Bob Tita | ) www.wsj.com   time to read: 1 min
Veteran Brazilian steel executive Lourenco Goncalves has a booming voice. He’s used it to demand customers buy more steel and to dress down analysts who’ve dared to critique his company’s performance. In the past three years, he’s shouted his way to the top of the U.S. steel industry. Goncalves, 65, is on the precipice of the boldest move of his career: acquiring 122-year-old United States Steel. If he prevails, the deal would reshape the U.S. steel industry, making Cleveland-Cliffs —an iron ore mining company just a few years ago—the largest domestic steelmaker by volume and the 10th largest in the world.
Persons: Lourenco Goncalves, He’s, who’ve, he’s, Goncalves Organizations: United States Steel Locations: U.S, Cleveland
WASHINGTON (AP) — President Joe Biden is hosting Angolan President João Manuel Gonçalves Lourenço in the Oval Office on Thursday as he seeks to reaffirm his commitment to Africa even as two wars consume much of his administration's foreign policy focus. The visit comes as Biden appears set to break his commitment to African leaders to visit the continent this year — though senior U.S. officials have made key trips to Africa throughout 2023. This is a fundamental shift in Angolan foreign policy,” lobbyist Robert Kapla wrote in April to Biden confidant Amos Hochstein, according to lobbyist disclosure records. It's part of a global infrastructure program championed by Biden that is meant as a counterweight to China's Belt and Road initiative. Much of Biden's recent foreign policy focus has been on Russia's war in Ukraine and the fighting between Israel and Hamas.
Persons: Joe Biden, João Manuel Gonçalves Lourenço, Angola's, Biden, , John Kirby, Lourenço, Robert Kapla, Amos Hochstein, Kapla, Molly Phee, Organizations: WASHINGTON, Angolan, Security, Biden, U.S, Democratic Locations: Africa, United States, China, Russia, Angolan, Lobito, Kananga, Democratic Republic of Congo, Zambia, It's, Ukraine, Israel, U.S
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
While the broader region offers these and other rainforest-based adventures, the top three attractions in urban Belém are breakfast, lunch and dinner. Marcos Antônio Gonçalves Bastos, known by a childhood nickname, Medici, has documented the local cuisine on his Instagram account. He compares Belemenses to Italians in how they care for and protect local tradition. Real tacacá is cloudy yellow because its base is tucupi, perhaps the region’s most defining and addictive flavor, created centuries ago by Indigenous groups. The result is not so much sweet and sour as sour and sweet, and it pairs magically well with rice and fish, and stars in the local duck dish, “pato no tucupi.”
Persons: Marcos Antônio Gonçalves Bastos, Medici, Belemenses, ” Medici, “ pato, Organizations: das Locations: Brazil, Combu
Biden to skip COP climate meeting in Dubai- official
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +1 min
U.S. President Joe Biden boards Air Force One at Nantucket Memorial Airport in Nantucket, Massachusetts, U.S., November 26, 2023. REUTERS/Tom Brenner/File photo Acquire Licensing RightsNov 26 (Reuters) - U.S. President Joe Biden will not attend a gathering of world leaders focused on climate change in Dubai this week, a U.S. official said on Sunday. Dozens of countries plan to push for the world's first deal to phase out CO2-emitting coal, oil and gas at the Dubai meeting. Biden has attended both of the COP summits since his 2021 inauguration. Reporting by Jeff Mason, writing by Dan Whitcomb; Editing by Caitlin Webber and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Tom Brenner, Biden, João Manuel Gonçalves Lourenço, Jeff Mason, Dan Whitcomb, Caitlin Webber, Gerry Doyle Organizations: Air Force, REUTERS, U.S, Sunday, Reuters, United Nations, Conference, White House, Thomson Locations: Nantucket, Nantucket , Massachusetts, U.S, Dubai, Republic of Angola
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
Portugal's government nationalised a small private bank, Banco Portugues de Negocios (BPN), on Sunday as the international financial crisis claimed its first victim in the Iberian country. REUTERS/Jose Manuel Ribeiro (PORTUGAL) Acquire Licensing RightsLISBON, Nov 18 (Reuters) - Moody's upgraded Portugal's long-term issuer rating two notches to A3 from Baa2, despite the political crisis triggered by the resignation of the country's prime minister due to an investigation into alleged irregularities in his government. Moody's said it appeared the country's institutions were dealing with the crisis in an "effective and transparent manner". The 2024 budget, which is set to be approved by the Socialist parliamentary majority on Nov. 29, projects economic growth slowing down to 1.5% in 2024 from the 2.2% growth expected this year. It sees "significant private and public investments as well as the implementation of further structural reforms", both linked to the country's recovery plan.
Persons: Jose Manuel Ribeiro, Antonio Costa, Marcelo Rebelo de Sousa, Moody's, Fernando Medina, Medina, Sergio Goncalves, David Latona Organizations: Banco Portugues de, Rights, Finance, Socialist, Thomson Locations: Portuguese, Lisbon, Banco Portugues de Negocios, PORTUGAL, Rights LISBON, Baa2, Portugal
Antonio Horta Osorio, CEO of Lloyds Banking Group, arrives at a garden party at Buckingham Palace, London, May 22, 2018. The government remains fully functional for the time being, at least until parliament has had its final vote on the 2024 budget on Nov. 29. He said reforms should create an environment for companies to achieve better results and compete more effectively globally. The 2024 budget projects economic growth will slow to 1.5% in 2024 from 2.2% expected this year and political instability may also delay public investment, such as using COVID recovery funds, and private investment. "Probably no one wants to invest when there is great instability," said Pedro Castro Almeida, CEO of Santander Portugal.
Persons: Antonio Horta Osorio, Simon Dawson, Portugal's, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Antonio Horta, Osorio, Miguel Maya, Pedro Castro Almeida, Paulo Macedo, Sergio Goncalves, Catarina Demony, Mark Potter Organizations: Lloyds Banking Group, REUTERS, Rights, Credit Suisse, bcp, Santander Portugal, Caixa Geral, Thomson Locations: Buckingham Palace, London, Rights LISBON, Lisbon, Portugal, Horta, Caixa, Depositos
By Sergio GoncalvesLISBON (Reuters) - The resignation of Portugal's prime minister will trigger instability that could delay economic reforms, while making it harder for the country to keep a balanced budget and further reduce debt, bankers warned on Thursday. The government remains fully functional for the time being, at least until parliament has had its final vote on the 2024 budget on Nov. 29. He said reforms should create an environment for companies to achieve better results and compete more effectively globally. The 2024 budget projects economic growth will slow to 1.5% in 2024 from 2.2% expected this year and political instability may also delay public investment, such as using COVID recovery funds, and private investment. "Probably no one wants to invest when there is great instability," said Pedro Castro Almeida, CEO of Santander Portugal.
Persons: Sergio Goncalves LISBON, Portugal's, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Antonio Horta, Osorio, Miguel Maya, Pedro Castro Almeida, Paulo Macedo, Sergio Goncalves, Catarina Demony, Mark Potter Organizations: Credit Suisse, Lloyds Banking Group, Santander Portugal, Caixa Geral Locations: Lisbon, Portugal, Horta, Caixa, Depositos
A man walks with his dog outside Bank of Portugal in downtown Lisbon, Portugal, February 21, 2017. REUTERS/Rafael Marchante/File Photo Acquire Licensing RightsLISBON, Nov 15 (Reuters) - The Bank of Portugal has told Millennium bcp (BCP.LS), Novo Banco, Banco BPI and the local unit of Spain's Santander (SAN.MC), to create a new capital buffer equivalent to 4% of their loan portfolios that are collateralised by home mortgages. It said in a statement on Wednesday the measure addressing "sectoral systemic risk" would come into effect on Oct. 1, 2024, and be reviewed at least every two years. "This instrument has a preventative nature and aims to increase the resilience of institutions in the face of a potential future materialisation of systemic risk in the residential real estate market in Portugal," it said. BPI is owned by Spain's Caixabank and Novo Banco by the U.S. fund Lone Star.
Persons: Rafael Marchante, Spain's Caixabank, Sergio Goncalves, Andrei Khalip Organizations: Bank of Portugal, REUTERS, Rights, Bank of, bcp, Novo Banco, Banco BPI, Spain's Santander, BPI, U.S, Lone Star, Thomson Locations: Lisbon, Portugal, Rights LISBON, Bank of Portugal, Novo
LISBON, Nov 13 (Reuters) - Bank of Portugal Governor Mario Centeno, who is under fire from the opposition over an invitation by the outgoing prime minister to replace him as premier, said on Monday he never accepted the offer but was just asked to ponder on the matter. Portuguese opposition parties on Friday argued that such an invitation compromised the political independence of a central bank governor. The Bank of Portugal's ethics committee is expected to meet on Monday to evaluate his conduct. Prime Minister Antonio Costa stepped down on Tuesday over an investigation into alleged illegalities in his government's handling of lithium and hydrogen projects and a large-scale data centre. Centeno announced his departure from the finance ministry in June 2020, during Costa's second term, and was nominated to head the bank a month later.
Persons: Mario Centeno, Antonio Costa, illegalities, Costa, Marcelo Rebelo de Sousa, Centeno, Rebelo de Sousa, Olli Rehn, Balazs Koranyi, Francesco Canepa, Andrei Khalip, Bernadette Baum Organizations: Bank of Portugal, Socialist, European Central Bank policymaker, Bank of, ECB, Thomson Locations: LISBON, Portuguese, Bank of Portugal, ECB's, Finland, Frankfurt
Pedro Nuno Santos poses for a portrait between the legislators of Socialist party and left bloc inside Portuguese parliament in Lisbon, Portugal June 21, 2016. The resignation also left Costa's job as secretary-general of the Socialist Party (PS) up for grabs, and whoever wins the leadership race will run for prime minister. Although Nuno Santos' popularity was hurt after he resigned in December 2022 in a scandal around a severance payout by state-owned airline TAP, he is seen as the front-runner by many. Nuno Santos successfully coordinated support for a previous minority government with the far-left in 2015-2019. Reporting by Catarina Demony and Sergio Goncalves; Editing by Andrei Khalip and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: Pedro Nuno Santos, Rafael Marchante, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Jose Luis Carneiro, Carneiro, Nuno Santos, pollsters Aximage, Costa, Adelino Maltez, Costa's, Intercampus, Catarina Demony, Sergio Goncalves, Andrei Khalip, Andrea Ricci Organizations: Socialist, REUTERS, Rights, Socialist Party, Interior, TAP, Diario, Socialists, Social Democrats, Thomson Locations: Lisbon, Portugal, Rights LISBON, Portuguese
LISBON (Reuters) - The Bank of Portugal's ethics committee will meet on Monday to evaluate the conduct of governor Mario Centeno, whose independence came into question after the departing prime minister proposed him as a potential replacement, local media said. Local media reported that Centeno had agreed to let his name go forward, raising concerns that his links to the PS remained strong and calling into question his independence if he remained central bank governor. Rebelo de Sousa rejected Costa's proposal and called the election instead. Centeno's quick move from the finance ministry to the central bank in July 2020, during Costa's second term, had previously raised eyebrows. A central bank spokesperson said it was up to the committee to comment on the matter.
Persons: Mario Centeno, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Costa, Rebelo de Sousa, Centeno, Costa's, Joaquim Miranda Sarmento, Negocios, Catarina Demony, Sergio Goncalves, Kevin Liffey Organizations: Bank, Socialist, European Central Bank policymaker, Local, Social Democrats, Eco, Jornal Locations: LISBON
His office said he would address the nation after meeting his consultative body, the Council of State. PS President Carlos Cesar said on Wednesday that if the president decided to call an election, March would be the best timing. The budget includes lower income tax rates for the middle class, higher wages and social benefits. Separately, those detained in the investigation, including Costa's close friend and consultant Diogo Lacerda Machado, were due to appear before a Lisbon court on Thursday. Reporting by Catarina Demony, Patricia Rua, Sergio Goncalves, editing by Andrei Khalip and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Antonio Costa, Pedro, Marcelo Rebelo de Sousa, illegalities, Costa, Correio, Rebelo de Sousa, Joao Duque, Carlos Cesar, Diogo Lacerda Machado, Catarina Demony, Patricia Rua, Sergio Goncalves, Andrei Khalip, Alex Richardson Organizations: REUTERS, Socialist, Prosecutors, Socialist Party, of State, Jornal de Negocios, Analysts, Lisbon School of Economics, Management, Thomson Locations: Lisbon, Portugal, LISBON
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