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Lisbon man breathes new life into city's historic trams
  + stars: | 2021-06-25 | by ( Catarina Demony | ) + 0.00   time to read: +2 min
Paulo Marques is seen near his collection of trams in Carregado, Portugal, June 22, 2021. In a warehouse north of the city, Paulo Marques has been collecting and restoring old, rusty trams since his first acquisition in 1996. Trams have been transporting Lisbonites up and down the city's hilly streets since 1901 and they are still popular. Marques, who also owns a tram-themed restaurant in downtown Lisbon, became hooked on his journeys to school as a boy. "Anyone who comes here, whether they like trams or not, is dazzled by the collection," a proud Marques said.
Persons: Paulo Marques, Pedro Nunes LISBON, Marques, Catarina Demony, Miguel Pereira, Pedro Nunes, Andrei Khalip, Philippa Fletcher Organizations: REUTERS, Marques, Thomson Locations: Carregado, Portugal, Lisbon
LISBON (Reuters) - As the summer holiday season kicks off, the number of passengers hopping on Ryanair RYA.I planes is "mushrooming" despite travel restrictions in place to control the spread of the coronavirus, Group Chief Executive Michael O'Leary said on Wednesday. O’Leary said Ryanair carried 1.7 million passengers in May and said the number was likely to increase to 5 million in June and 9 million the following month. To boost travel further, O’Leary said fully vaccinated holidaymakers across Europe should be allowed to travel freely. Britons returning from European holiday destinations, including Spain, Portugal and Greece, that are currently rated “amber”, have to take multiple COVID-19 tests and isolate for 10 days. O’Leary said the increase in cases would not have a big impact on Ryanair.
Persons: Michael O'Leary, O’Leary, ” O’Leary, Organizations: Ryanair, Reuters, Britain, Ireland Locations: LISBON, Lisbon, Portugal, Germany, Scandinavia, Benelux, Spain, Greece, Italy, Europe, Britain, France, United States
EU military mission to Mozambique to be approved next month
  + stars: | 2021-06-23 | by ( ) sentiment -0.99   time to read: +1 min
Portugal's Foreign Minister Augusto Santos Silva speaks during a news conference following a European Union Foreign Trade ministers meeting at the European Council headquarters in Brussels, Belgium May 20, 2021. Francisco Seco/Pool via REUTERS/File PhotoLISBON, June 23 (Reuters) - A European Union military mission to support and train up Mozambican troops to tackle an escalating insurgency linked to Islamic State could be approved next month, Portugal's foreign minister said on Wednesday. "We hope will be formally approved so we can launch this European mission to support Mozambique in the fight against terrorism", Santos Silva said. Portugal, which holds the EU's rotating presidency until the end of the month, has already sent 60 soldiers to Mozambique to train local troops. Josep Borrell, bloc's foreign policy chief, said in May the EU could have a military training mission in place in Mozambique within several months, acknowledging the problem was finding additional countries besides Portugal to supply troops.
Persons: Augusto Santos Silva, Francisco Seco, Santos Silva, Cabo Delgado, Josep Borrell, Patrícia Vicente Rua, Catarina Demony, Jonathan Oatis Organizations: Portugal's, European Union Foreign Trade, European, European Union, Islamic, EU, Thomson Locations: Brussels, Belgium, LISBON, Lisbon, Mozambique, Cabo, Islamic State, Palma, Portugal
The Delta variant of the coronavirus is spreading rapidly across continental Europe, raising the risk of a rebound in infections and a delay to the region’s economic comeback. The variant, first discovered in India late last year, has prompted Portugal to seal off its capital city of Lisbon on weekends. In Germany, where Delta is still rare, scientists expect it to make up the majority of Covid-19 infections in the coming months. While Delta is more infectious than other variants, fully vaccinated people still appear to be well protected against getting sick. In the U.K., infections have risen sharply in recent weeks, but the number of deaths has remained relatively steady.
Organizations: Alpha Locations: Europe, India, Portugal, Lisbon, Germany, Delta, France, Italy, U.S, England, Wuhan, China
An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, U.S., June 21, 2021. uses Prime Day deals to boost the number of subscribers to the program. Analyst estimate this year’s total Prime Day sales will range from $9.5 billion to $12 billion, which would be a record for the event. Amazon's own products saw significant price cuts globally, in line with previous years as the retailer used Prime Day to push its own brands. Another U.S.-based Amazon merchant, VersaChalk, said it was not offering any deals on Prime Day this year as "it really was not profitable anymore."
Persons: Brendan McDermid, Kurt Trauth, Casey Ames, ” Ames, Steve Creasy, Siddharth Cavale, Nivedita Balu, Richa Naidu, Jeffrey Dastin, Lisa Shumaker Organizations: REUTERS, Amazon, Adobe's, Adobe, Target Corp, JBL, Reuters, ., Victoria Waldersee, Thomson Locations: New York City, U.S, United States, Germany, Italy, Spain, France, United Kingdom, Europe, Bengaluru, Victoria, Lisbon, Chicago, San Francisco
The Fed surprised some investors last week by anticipating two rate hikes in 2023, which prompted U.S. Treasury yields to rise and global markets to turn risk-averse. There was little reaction in afternoon trading after European Central Bank President Christine Lagarde told European lawmakers that while the pandemic still weighed on the bloc’s economy, growth could still rebound quicker than expected. Lagarde added that it was not yet time to allow interest rates to rise, so the ECB would maintain favourable financing conditions. A gauge of long-term inflation expectations - the five-year, five-year inflation forward - fell to its lowest since March, at 1.4887%. Investors this week will also focus on the Bank of England’s monetary policy meeting on Thursday and the release of euro area flash PMI data on Friday.
Persons: treasuries, Louis, James Bullard, , Christine Lagarde, Lagarde, Mario Centeno, Centeno, Antoine Bouvet, ” ING’s Bouvet, Elizabeth Howcroft, Julien Ponthus, Ana Nicolaci da, Chizu Nomiyama, Andrea Ricci Organizations: LONDON, U.S, U.S . Federal, Fed, Treasury, Louis Fed, European Central Bank, ECB, ING, Bund, Reuters, Bank Locations: U.S ., Europe, Spain, Italy, United States, Lisbon, Ana Nicolaci da Costa
Covid Live Updates: China Nears a Billion Vaccinations
  + stars: | 2021-06-18 | by ( Amy Qin | Amy Chang Chien | ) + 0.00   time to read: +9 min
Live Covid Live Updates: China Nears a Billion Vaccinations After a sluggish start, the country’s mass inoculation effort accounts for more than a third of all shots globally. In Beijing, the capital, more than 80 percent of residents 18 and older were fully vaccinated as of Wednesday. The recommended reopening is expected to provide relief for southern European countries that are highly dependent on tourism. Americans have been mainly barred from Europe as the United States grapples with one of the highest caseloads in the world. The British government has been warning about the danger that the Delta variant poses, particularly in populations that have not yet been fully vaccinated.
Persons: China’s, Yuhui Li, , Li, Amy Qin, Susan Wright, Donald J, Trump, Biden, Ana Brigida, Boris Johnson Organizations: Getty, New York Times, Pfizer, Moderna, The New York Times, European Union, European Commission, Public, European Center for Disease Prevention Locations: China, Portugal, Lisbon, Wuhan, United States, Shanghai, Anhui Province, Beijing, Guangzhou, Guangdong Province, Shenzhen, Europe, Florence, Italy, European, Greece, Spain, Belém, India, Britain
Live Covid Live Updates: Biden Likely to Fall Just Shy of His July 4 Vaccination Goal President Biden had set a deadline of having 70 percent of U.S. adults partly vaccinated by the holiday. Mr. Biden will speak about the vaccination drive as his administration makes a last push to reach the July 4 goal. A White House official said Mr. Biden would point to the 300 million milestone as evidence of his administration’s success. But from a political perspective, it would be the first time Mr. Biden has set a pandemic-related goal that he has not met. Portugal was one of the first European countries to reopen its borders to visitors from Britain and from across the European Union.
Persons: Biden, Verónica, Biden’s, Kamala Harris, Xavier Becerra, Harris, Becerra, Friday’s, , , Marcus Plescia, Jeffrey D, “ We’ve, Mr, Zients, ” Sheryl Gay Stolberg, Hazem Bader, Naftali Bennett, Israel, Benjamin Netanyahu, Thilo Schmuelgen, Ursula von der, Jeffrey Pott, Susan Wright, Donald J, Trump, Ana Brigida, Boris Johnson, Sergey Ponomarev, Vladimir V, Putin, Hsu Yao, King Yuan Electronics, ” John Ray Tallud, , Chang Cheng, Amy Chang Chien Organizations: West Bank, AstraZeneca, The New York Times, Health, White, D.C, Centers for Disease Control, Association of State, Territorial Health, Independence, Agence France, JERUSALEM, Palestinian Authority, Palestinian, Pfizer, United Arab Emirates, Fourth, Fourth Geneva Convention, European Union, European Commission, Belgian, “ AstraZeneca, Oxford University, Public, European Center for Disease Prevention, ., Kremlin, Levada, Yuan Electronics, News Service, Taiwan — Officials, Taiwan Centers for Disease Control, King, King Yuan, Locations: U.S, Israel, Gaza, Lisbon, Brussels, Rio Grande City , Texas, States, Atlanta, Colorado, Washington, America, United States, California, New York, , Dura, Hebron, Oslo Accords, Oslo, Fourth Geneva, Egypt, Cologne, Germany, BRUSSELS, Swedish, Britain, Europe, Florence, Italy, Portugal, European, Greece, Spain, Belém, India, Russia, Moscow, The New York Times Russia, Covid, Russian, Taiwan, Miaoli County, Taiwai, Miaoli, News Service TAIPEI, Vietnam, Philippines, Singapore
LISBON (Reuters) -Portugal on Wednesday became the first EU country to have its recovery plan rubber-stamped by the European Commission, whose president Ursula von der Leyen said an initial disbursement from the bloc’s COVID-19 recovery fund should come in July. Slideshow ( 2 images )“The plan clearly meets the demanding criteria we have jointly established,” von der Leyen told reporters after meeting Portuguese Prime Minister Antonio Costa in Lisbon. “There is no doubt that it will deeply transform Portugal’s economy.”Under the scheme, which is yet to be approved by the Council of the European Union in a maximum of four weeks’ time, Portugal will get 13.9 billion euros ($16.85 billion) in grants and 2.7 billion euros in loans until 2026. It plans to give around 5 billion euros to companies, reinforcing their equity, supporting investments in innovation, greener production processes, digital tools and skills. The plan also envisages dozens of investment projects in health, social housing and infrastructure.
Persons: Ursula von der Leyen, ” von der Leyen, Antonio Costa, , Ursula, Costa, Nelson Souza Organizations: Wednesday, EU, European Commission, Portuguese, , of, European Union, Radio, Portugal’s Business Locations: LISBON, Portugal, Lisbon, Brussels
So-called meme stocks like U.S. video-retailer Gamestop Corp and AMC Entertainment Holdings saw record inflows fuelled by retail investors sharing investment strategies on social media. Trading in Europe is more fragmented given the number of different stock exchanges in the region. Still, the share of total trading carried out by retail investors jumped to nearly 7% by mid-2020 from 2% in 2019, before settling at around 5% currently, Euronext said. Meanwhile, the number of retail investors has doubled over the past 18 months on Euronext, the exchange’s CEO Stephane Boujnah told Reuters. “It is a bit of a mishmash and in my view, the European retail trading landscape is ripe for change,” he said on condition of anonymity as he is not authorised to talk to the media.
Persons: Dado Ruvic, Jefferies, Daniel Fannon, Stephane Boujnah, Boujnah, Schwab, Organizations: GameStop, REUTERS, Gamestop Corp, AMC Entertainment Holdings, Reuters, Borsa Italiana, Fidelity, Social Finance Inc Locations: Europe, United States, Paris, Amsterdam, Lisbon, Dublin, U.S
Euro 2020 winner: Writers' picks
  + stars: | 2021-06-11 | by ( ) + 0.00   time to read: +11 min
FRANCK FIFE | AFP | Getty ImagesEuro 2020 is finally here, but who will win the tournament? The last eight major tournament winners have possessed extraordinarily tight defences, on average conceding 3.5 goals and keeping clean sheets in around half of their games. Oliver Yew: Italy's resurgence can continue Euro 2020 promises to be an extremely competitive tournament, and that's an extremely exciting prospect for all football fans! Charlotte Marsh: France's depth simply incredible France will be made to work at Euro 2020, drawn against Germany, Portugal and Hungary in the 'Group of Death'. He was La Liga's joint-second top scorer, scoring 23 goals in 34 goals, and registered nine assists - level with Golden Boot winner Lionel Messi.
Persons: Denis, FRANCK FIFE, Ben, Didier Deschamps, Karim Benzema, Olivier Giroud, Roberto Mancini's, Gerard Brand, Ruben Dias, Joao Cancelo, Bernardo Silva, Bruno Fernandes, Diogo Jota, Danilo Pereira, William Carvalho, Ruben Neves, Joao Moutinho, Dortmund's Raphael Guerreiro, Cristiano Ronaldo, Pedro Goncalves, Joao Felix, Nuno Mendes, Fernando Santos, Portugal's, they've, Oliver Yew, Arsene Wenger, Roberto Mancini, Marco Verratti, Jorginho, Nicolo Barella, Nick Wright, They've, Kante, Raphael Varane, Paul Pogba, That's, Kingsley Coman, Adrien Rabiot, Wissam Ben Yedder, Marcus Thuram, Mbappe, Ousmane Dembele, doesn't, Richard Morgan, Football's, Gareth Southgate's, Harry Maguire, Jordan Henderson, Peter Smith, Romelu, Joachim Low, Lorenzo Insigne, Ciro, Charlotte Marsh, Kurt Zouma, Thomas Lemar, Saint Germain, Kylian, Lionel Messi, Harry Kane David Ramos Organizations: Stade De France, UEFA, AFP, Getty, Sky Sports, Wembley, Southgate, Middlesbrough, European, Manchester City, Manchester, Liverpool, Wolves, Bundesliga, Juventus, Nations League, Arsenal, Stadio Olimpico, Jose, NurPhoto, Real, Russia, Lions, Man City, Italy, League, Bayern Munich, Atletico Madrid, La Liga, Real Madrid, France, La, Golden, Germany, Portugal, FIFA Locations: France, Bulgaria, Saint, Paris, England, Belgium, Italy, Czech Republic, Rome, Netherlands, Ukraine, Austria, North Macedonia, Portugal, Cancelo, Germany, Hungary, Israel, Lisbon, Russia, Real Madrid, Southgate, Barcelona, France's
REUTERS/Rafael Marchante/File PhotoDrahi’s newly-created vehicle Altice UK announced the holding in a statement on Thursday which drove BT’s shares to a 17-month high. Altice UK is owned by Next Alt, dealmaker Drahi’s private holding, which also controls SFR, the second largest telecoms operator in France behind Orange. “Altice holds the board and management team of BT in high regard and is supportive of their strategy,” Altice UK, a company formed for the purpose of holding the BT stake, said. “Altice UK has informed the BT board that it does not intend to make a takeover offer for BT,” it added. Altice UK has ruled itself out of making a full takeover offer for six months by virtue of its statement.
Persons: Patrick Drahi, Rafael Marchante, “ Altice, , , Jefferies, Altice, Drahi, Morgan Stanley Organizations: BT Group, REUTERS, SFR, Orange, BT, “ Altice, Britain’s, Deutsche Telekom, Vivendi Locations: PARIS, Lisbon, Portugal, France, British, Spain, Switzerland, United States, Israel, Europe, Dominican Republic, U.S
Lisbon Mayor Fernando Medina celebrates his reelection victory in Lisbon, Portugal, October 1, 2017. Facing calls from some opposition politicians to resign, Mayor Fernando Medina told reporters: "I apologise to the protest organisers ... and I want to assume (responsibility for) this regrettable mistake that should have not happened." The Russian embassy said the incident was "undoubtedly fuelled by the activists' desire to attract media attention to themselves through widespread politicisation and deplorable provocations". "Neither the embassy in Lisbon nor Moscow are interested in such individuals," it said. I felt betrayed," Ksenia Ashrafullina, who has dual Portuguese and Russian citizenship, told Reuters after her contact details were shared with the Russian embassy and foreign ministry.
Persons: Fernando Medina, Pedro Nunes Lisbon's, Alexei Navalny, Medina, Navalny, Ashrafullina Organizations: Lisbon, REUTERS, Socialist Party, European Union, Kremlin, Reuters, Thomson Locations: Lisbon, Portugal, Moscow, Medina, Russian, Germany, Portuguese, Russia
FILE PHOTO: An advertising board is seen during the first demonstration of the technology 5G in Lisbon, Portugal June 4, 2018. Altice, which pioneered 5G in Portugal, owns MEO, the largest landline operator in the country. A spokesperson for Altice said the company was not planning any sales process “now or in the near future” in Portugal. Altice, which has the bulk of its operations in France, aims to sell its Portuguese unit for about 6 billion euros ($7.3 billion), representing a multiple of 7 to 8 times its core earnings (EBITDA) of 833.6 million euros, the sources said. In 2020, Altice Portugal’s revenues increased 0.5% to 2.1 billion euros, while its core earnings grew 0.2% to 833.6 million euros.
Persons: Spain’s, Rafael Marchante, Franco, Patrick Drahi, Lazard, cautioning, MEO, Altice, MasMovil, Euskaltel Organizations: REUTERS, Major, Telefonica, Orange, Nowo, KKR, Morgan Stanley Infrastructure Partners, Horizon Equity Partners Locations: Europe, Portugal, Lisbon, Orange, , Providence, Iberia, France
Illegal drugs trade goes digital for pandemic
  + stars: | 2021-06-09 | by ( Catarina Demony | ) + 0.00   time to read: +2 min
Zollfahndungsamt Hamburg/Handout via ReutersLike supermarkets, restaurants and purveyors of sourdough bread, the illegal drugs trade went digital to serve its customers during lockdown, and could stay that way when the COVID-19 pandemic is over, Europe's drugs agency said on Wednesday. "The pandemic is pushing drug criminals online, reinforcing a trend," said the European Commissioner for Home Affairs Ylva Johansson during the online launch of the 2021 drugs report put together by the Lisbon-based agency EMCDDA. "Drug dealers are moving from the streets onto social media, taking orders via encrypted messaging services, sending drugs to customers via home delivering services." The pandemic has forced changes to every level of the drugs trade, from wholesale traffickers and smugglers to neighbourhood dealers. The trade proved resilient, with data showing no decline in the amount of cocaine available, while more people were growing cannabis at home.
Persons: Zollfahndungsamt, Home Affairs Ylva Johansson, Alexis Goosdeel, Goosdeel Organizations: Reuters, Home Affairs, Thomson Locations: Zollfahndungsamt Hamburg, Hamburg, Handout, Lisbon
Live Covid Live Updates: Third Wave Feared in Africa as Vaccine Rollout Stumbles Immunization drives on the continent have been crippled by a lack of funding and doses. South African retirees waiting to receive doses of Covid vaccine at a clinic near Johannesburg, South Africa, last week. While Africa has reported less than 3 percent of global coronavirus cases, the W.H.O. “The threat of a third wave in Africa is real and rising,” Dr. Matshidiso Moeti, the W.H.O. Portugal had remained on Britain’s green list even as the rate of positive coronavirus cases there rose 37 percent over the past two weeks.
Persons: Themba, Matshidiso Moeti, , Moeti, hesitancy, Allison, Abbott, , Alejandro Hoberman, Irwin Redlener, Redlener, Anthony S, Fauci, Biden’s, Mara Aspinall, “ We’ve, ” Lauren McCarthy, Ana Brigida, ” Grant Shapps, Shapps, Isabella Kwai Organizations: World Health Organization, United Nations, Democratic, Pfizer, Moderna, and Drug Administration, Pediatrics, Children’s Hospital of Pittsburgh, National Center for Disaster Preparedness, Columbia University, Dr, Covid, CNN, Arizona State University, Travelers, The New York Times Travelers, BBC, Chelsea, Manchester United, Champions League Locations: Africa, U.S, Johannesburg, South Africa, Uganda, Britain, India, Kenya, Ghana, Rwanda, Covax, Malawi, Democratic Republic of Congo, Boston, United States, Portugal, Lisbon, Madeira, Azores, Porto, Spain, Balearic, Europe, British
Facing quarantine, Britons in Portugal frustrated by 'amber' listing
  + stars: | 2021-06-04 | by ( Miguel Pereira | ) sentiment -1.00   time to read: +2 min
View of Marinha beach amid the coronavirus disease (COVID-19) pandemic, in Albufeira, Portugal, June 4, 2021. REUTERS/Pedro NunesBritons holidaying in the Algarve as the UK government put Portugal back on its 'amber' travel list were confused and frustrated at the prospect of booking more tests and facing a ten-day quarantine upon returning home. read more"I think it's the worst decision ever," said Darren, who flew into Portugal from Liverpool. Britons returning from Portugal from Tuesday onwards will need to quarantine for ten days and take two COVID-19 tests. Under green list rules, travellers would only need to take one test and did not need to quarantine.
Persons: Pedro Nunes, Pedro Nunes Britons holidaying, Jasmine, Darren, we've Organizations: REUTERS, Pedro Nunes Britons, Reuters, Britons, Thomson Locations: Albufeira, Portugal, Algarve, Bristol, Britain, Liverpool, Greater Lisbon .
Portugal was the only big beach destination placed on the list, which allowed Britons to travel there without needing to quarantine when returning home. Like Joyce, thousands packed their bags. But on Thursday Britain shifted Portugal to its amber list due to rising COVID-19 case numbers and the risk of a mutation of the virus variant first discovered in India. Charlotte Cheddle, a 22-year-old from England, echoed the same feelings, urging the British government to either "ban international travel completely or communicate properly with people". "We made an effort to get tested privately...We paid for everything and we have done everything to make it safe."
Persons: Violeta Santos Moura, John Joyce, Joyce, Charlotte Cheddle, Cheddle, It's, Ana Paula Gomes, Viegas, Britain's Organizations: REUTERS, Britain, Champions League, Thomson Locations: Britain, Portugal, Matosinhos Beach, Newcastle, Lisbon, India, England, Porto, British, Algarve
LISBON, June 2 (Reuters) - Portugal’s Resolution Fund said it had agreed with a banking syndicate to borrow 475 million euros ($580.36 million) to shore up the capital of lender Novo Banco, which emerged from the ruins of the collapsed Banco Espirito Santo. “It is a credit line of 475 million euros, which can be used by the Resolution Fund in 2021 and 2022, if necessary,” the fund’s general secretary, Joao Freitas, told a parliamentary committee on Tuesday. The government gave a green light for the loan and said last week the resolution fund would inject 429 million euros of the 475 million by year end. The resolution fund is backed by all Portuguese banks which pay annual contributions to finance it, and it can access loans from the state and banks. Chief Executive Antonio Ramalho told Reuters on Tuesday that Novo Banco, finally purged of the toxic legacy it inherited from the collapsed BES, is focusing on boosting profits to increase shareholder value.
Persons: Joao Freitas, Antonio Ramalho, Sergio Goncalves, Clarence Fernandez Organizations: Novo Banco, Banco Espirito Santo, U.S, Lone Star, Reuters Locations: LISBON, Novo
LISBON/DHAKA (Reuters) - Retailers and unions negotiating over a legally binding workers’ safety accord in Bangladesh due to expire on Monday reached a tentative deal to extend it by three months, unions involved in discussions said, provided the around 200 signatory retailers agree on the extension. REUTERS/Mohammad Ponir HossainThe signatories - which include top apparel retailers like Zara-owner Inditex - have until June 10 to state whether they agree, a spokesperson for UNI Global Union, one of the unions involved, said. At least 10 have given their consent, according to UNI Global Union, including H&M, which confirmed it had agreed to the extension. “Without a legally binding agreement, no factory is safe,” Babul Akter, president of the Bangladesh Garment and Industrial Workers Federation, said. “Bangladesh’s garment industry will go back to square one ... we will have another Rana Plaza,” Akter said, referring to the deaths of at least 1,100 in the collapse of garment production centre Rana Plaza in 2013.
Persons: Mohammad Ponir Hossain, Inditex, Babul Akter, ” Akter, , Rubana Huq, , Alke Boessiger, ” Boessiger Organizations: Retailers, REUTERS, UNI Global Union, Sustainability Council, Bangladesh Garment and Industrial Workers Federation, Rana, RSC, North, Walmart, Target, Alliance, Workers ’ Safety, Brand Association Locations: LISBON, DHAKA, Bangladesh, Dhaka, Zara, Rana
EU military mission to Mozambique may be operating in months, bloc says
  + stars: | 2021-05-28 | by ( ) sentiment -1.00   time to read: +1 min
European Union foreign policy chief Josep Borrell speaks before an EU defence ministers meeting in Brussels, Belgium May 6, 2021. John Thys/Pool via REUTERS/File PhotoThe European Union could have a military training mission in place in Mozambique within several months, the bloc's foreign policy chief said on Friday, helping the southern African country tackle Islamist insurgents. "I think we could be able to approve this mission," Josep Borrell told reporters ahead of an EU defence ministers meeting in Lisbon where the subject was due to be discussed. Portugal sent 60 soldiers to its former colony Mozambique this month to begin training soldiers to counter the insurgency, share intelligence and use drones to track militants' movements. Cravinho expected the remaining EU troops to be dispatched within three to four months, "perhaps faster".
Persons: Josep Borrell, John Thys, Borrell, Joao Cravinho, Cravinho, Cabo Delgado Organizations: Union, Defence, Islamic, Thomson Locations: Brussels, Belgium, Mozambique, Lisbon, Portugal, Cabo, Islamic State, Palma
EU starting work on economic sanctions on Belarus, Borrell says
  + stars: | 2021-05-27 | by ( ) sentiment -0.98   time to read: 1 min
European Union foreign policy chief Josep Borrell arrives for a face-to-face EU summit in Brussels, May 24, 2021. Olivier Hoslet/Pool via REUTERSEuropean Union foreign ministers will begin discussing on Thursday which parts of Belarus' economy to target with sanctions following the forced landing of a plane there and the detention of a dissident journalist, the EU's top diplomat said. "The hijacking of the plane and the detention of the two passengers is completely unacceptable, and we will start discussing implementation of the sectorial and economic sanctions," EU foreign policy chief Josep Borrell told reporters before the informal meeting in Lisbon. He said work on a new round of sanctions on Belarus individuals was at an advanced stage, but did not give more details. Our Standards: The Thomson Reuters Trust Principles.
Persons: Josep Borrell, Olivier Hoslet Organizations: Union, REUTERS European Union, Thomson Locations: Brussels, Belarus, EU, Lisbon
Germany's Scholz proposes "climate club" to avoid trade friction
  + stars: | 2021-05-22 | by ( ) + 0.99   time to read: +2 min
German Finance Minister Olaf Scholz looks on at a joint news conference with Portugal's Prime Minister Antonio Costa (not pictured), at Sao Bento Palace in Lisbon, Portugal May 22, 2021. REUTERS/Pedro NunesGermany wants the European Union to create a "climate club" with other countries like the United States, Japan and possibly even China to avoid trade friction linked to green tariffs such as a planned carbon border levy. Scholz said climate protection measures would have an impact on the competitiveness of German and European companies, especially those in energy-intensive sectors. The EU should approach other countries such as the United States, Canada, Britain, Japan and China to discuss and possibly agree on the same steps and principles. The EU has said countries will be able to avoid the bloc's proposed carbon border levy if the ambition of their climate policies matches that of Europe.
Persons: Olaf Scholz, Antonio Costa, Pedro Nunes, Scholz Organizations: Portugal's, Sao, REUTERS, Union, Finance, European Commission, EU, Thomson Locations: Sao Bento Palace, Lisbon, Portugal, United States, Japan, China, Europe, European Union, EU, Canada, Britain
ECB's Lagarde says too early to discuss life after emergency support
  + stars: | 2021-05-21 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
FILE PHOTO: European Central Bank President Christine Lagarde addresses European lawmakers during a plenary session at the European Parliament in Brussels, Belgium February 8, 2021. Olivier Matthys/Pool via REUTERS/File PhotoLISBON (Reuters) -It is still too early for the European Central Bank to discuss winding down its 1.85 trillion euro emergency bond purchase scheme, ECB President Christine Lagarde said on Friday, less than two weeks ahead of a crucial policy meeting. Lagarde’s comments are likely to be aimed at fighting market speculation that ECB policymakers will decide to, or least discuss, slowing the pace of the ECB’s Pandemic Emergency Purchase Programme (PEPP) when they meet on June 10. Our focus in June is going to be on favourable financing conditions for the economy at large and to all sectors,” she added. She declined to comment on the recent rise in bond yields but said the ECB was “closely monitoring” borrowing costs, a formulation that usually signals concern.
Persons: Christine Lagarde, Olivier Matthys, ” Lagarde, , it’s, Klaas, Luis de Guindos, Organizations: Central Bank, European Central Bank, ECB Locations: Brussels, Belgium, LISBON, Lisbon, Netherlands
LISBON, May 21 (Reuters) - Euro zone finance ministers were upbeat on Friday about the prospects of economic recovery from the pandemic-induced slump, but said Europe would have to work hard to avoid long-term economic damage and not to fall behind China and the United States. “Things are looking very good in Europe ... investment is rising and the growth forecasts are really well oriented,” French Finance Minister Bruno le Maire said on entering the ministerial meeting. But China and the United States will rebound more quickly, forecasts show, and the euro zone will have to act soon to boost its growth potential if it is to stay among the top performers, the French finance minister said. “Do we want to play in the first league, or do we want to lag behind China and U.S.?” le Maire said. The euro zone experienced this kind of long-term “scarring” in the wake of the financial crisis a decade ago which had negative long-term effects on investment and in some countries more than others.
Persons: Bruno le Maire, ” le Maire, , Olaf Scholz, Paschal Donohoe, Jan Strupczewski, Hugh Lawson Organizations: French Finance, EU, European, German Locations: LISBON, Europe, China, United States, Germany, France, Italy, Spain, U.S
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