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☆ Portuguese bankers warn political instability could undermine reforms, public finances
▼ + stars: | 2023-11-16 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

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

☆ Portuguese Bankers Warn Political Instability Could Undermine Reforms, Public Finances
▼ + stars: | 2023-11-16 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

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

☆ Bank of Portugal imposes capital buffer for mortgages at four large banks
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

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

☆ Centeno says outgoing Portugal PM only invited him to ponder on premiership
▼ + stars: | 2023-11-13 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

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

☆ Portuguese Central Bank to Assess Governor's Conduct - Local Media
▼ + stars: | 2023-11-11 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

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

By law, an election needs to be held within 60 days of the publishing of the presidential decree dissolving parliament. "I hope that time, sooner rather than later, will allow us to clarify what happened," Rebelo de Sousa said. By calling the March election, Rebelo de Sousa also addressed the need of the PS to pick a new leader to run. Earlier, PS President Carlos Cesar said March would be the best timing, while other parties pointed to January or February. "It is urgent to reestablish trust and prestige in democratic institutions," the leader of the PSD, Luis Montenegro, said after the president announced the election.

Persons: Marcelo Rebelo de Sousa, Rebelo de Sousa, Antonio Costa, illegalities, Costa, Rebelo, Mario Centeno, Filipe Garcia, Mercados, Carlos Cesar, Andre Ventura, Luis Montenegro, Catarina Demony, Sergio Goncalves, Andrei Khalip, Marguerita Choy, Alistair Bell Organizations: Lawmakers, Socialist, Socialist Party, of State, Prosecutors, Bank of Portugal, Social Democrats, PSD, Thomson Locations: LISBON, Portugal, Portuguese, Lisbon, Belem, Europe, Western, Montenegro

☆ Portugal’s Prime Minister Resigns Unexpectedly
▼ + stars: | 2023-11-07 | by ( Cassandra Vinograd | ) www.nytimes.com time to read: +1 min

Prime Minister António Costa of Portugal resigned unexpectedly on Tuesday, hours after the police raided government buildings as part of an inquiry into corruption and “influence peddling” and issued an arrest warrant for Mr. Costa’s chief of staff. Mr. Costa, who had been in power since 2015, said in televised remarks that he had been “surprised” to learn that he would be the subject of criminal proceedings and that “no illicit act weighs on my conscience.”“However, I believe that the dignity of the office of the prime minister is not compatible with any suspicion about your integrity, your good conduct and even less with the practical suspicion of any criminal act,” he added. “Therefore, in these circumstances, obviously, I presented my resignation.”A judge authorized police to search of 37 locations — including the office of Mr. Costa’s chief of staff, the Ministry of Environment, the Ministry of Infrastructure, a City Council office in the town of Sines and several private homes, according to a statement from the prosecutor general’s office.

Persons: António Costa of Portugal, ”, Costa’s, Costa Organizations: Ministry of Environment, Ministry of Infrastructure Locations: Sines

☆ Poland's Bank Millennium aims to conclude 1,000 settlements a quarter on FX loans
▼ + stars: | 2023-10-27 | by ( Marta Maciag | ) www.reuters.com time to read: +3 min

A logo of Millennium bank, Polish unit of Portugal's Millennium BCP, is pictured on the flag in front of the bank headquarters in Warsaw, Poland April 28, 2016. REUTERS/Kacper Pempel/File Photo Acquire Licensing RightsGDANSK, Oct 27 (Reuters) - Poland's Bank Millennium (MILP.WA) aims to conclude 1,000 settlements every quarter with customers regarding Swiss franc loans, Chief Executive Joao Bras Jorge said on Friday. Last year the Polish government introduced a so-called credit vacation to help borrowers deal with higher interest rates in Poland. Bank Millennium, majority owned by Portugal's Millennium bcp (BCP.LS), said it will not propose a dividend for 2023. Bank Millennium posted a third quarter net profit of 103 million zlotys ($24.40 million), reversing a 1 billion zloty loss a year earlier.

Persons: Kacper, Joao Bras Jorge, Jorge, Fernando Bicho, Bicho, Marta Maciag, Adrianna Ebert, Anna Banacka, Susan Fenton Organizations: REUTERS, Swiss, Bank, Portugal's, Thomson Locations: Warsaw, Poland, GDANSK, Switzerland

NEW YORK (AP) — Palestinian artist Nida Sinnokrot, one of 18 artists receiving the 2023 Soros Arts Fellowships from the Open Society Foundations on Tuesday, says that art provides hope and resilience, even in the midst of war. This year's class of Soros Arts Fellows is the largest since the program launched in 2018. This is the launchpad of something new — a new realm of direct action in the arts.”Molemo Moiloa also plans to incorporate community action in her art project in Johannesburg, South Africa, for her Soros Arts fellowship. “One of the reasons I still feel hope is that there is powerful solidarity around the world that embraces this ethos,” he said. “And that’s what’s so amazing about this year’s (Soros Arts Fellows) and their communities.

Persons: Nida Sinnokrot, “, ”, Sinnokrot, Tatiana Mouarbes, George Soros, Alex — Mouarbes, Jordan Weber, ” “, Weber, ” Molemo Moiloa, Moiloa, Nelson Mandela's, we’ve, it’s, Fellows, Cannupa Hanska Luger, Carolina Caycedo, Chemi, Dalton Paula, Deborah Jack, Kenan Darwich, Sami Rustom, Ixchel Tonāntzin, Martha Atienza, Molemo Moiloa, Mónica de Miranda, Omar Berrada, Rijin Sahakian, Sari Dennise, Yto Barrada Organizations: Open, Massachusetts Institute, Technology’s, Technology, Soros Arts Fellows, Open Society, Culture, Society, Soros Arts, South, Soros, Fehras, Associated, Lilly Endowment Inc, AP Locations: Palestinian, York, ”, Detroit, Johannesburg, South Africa, Israel, Palestine, Guinea, Hidatsa, Lakota, United States, Carolina, Colombia, Puerto Rico, Brazil, St, Maarten, Syria, Germany, Philippines, Portugal, Morocco, Iraq, Mexico

Renewables (and gas) have been substitutes for fossil fuels such as coal and oil enabling a significant reduction in greenhouse emissions. Renewables (and gas) have served as complements to other fossil fuels – ensuring energy remains affordable and reliable even as consumption increases significantly. EMISSIONS PEAK BUT NOT SOONEventually, China and India’s energy consumption will start to grow more slowly, at which point renewables will substitute for fossil fuels rather than just complement them. Even so, in 2022, fossil fuels accounted for 82% of primary energy consumption in China and 88% in India, including 70% of total electricity generation in China and 77% in India. Policymakers from OECD countries use the U.N. conference process and other diplomatic forums to press China and India to speed up their transition from fossil fuels to zero-emission alternatives.

Persons: Tingshu Wang, Barack Obama, John Kemp, Jonathan Oatis Organizations: Huawei, REUTERS, Organisation for Economic Cooperation, Development, OECD, Renewables, United Nations Population Division, ³, World Energy, Energy Institute, BP, Thomson, Reuters Locations: Shenmu, Yulin city, Shaanxi, China, India, North America, Europe, Chartbook, United States, Western Europe, U.S, Portugal, Switzerland

☆ Teams Tackling Madeira Wildfires Reinforced as Missing Tourists Found
▼ + stars: | 2023-10-13 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

The Civil Protection authority on Friday morning located the missing tourists. They had fled to a cave in a mountainous part of Porto Moniz and an operation to rescue them from the area was under way, it said on social media. "It was a complicated night, a difficult night," Civil Protection secretary of state Patricia Gaspar told public broadcaster RTP at Lisbon's military airport. A few houses have been destroyed in Calheta and Porto Moniz, but no serious injuries reported so far, authorities said. Porto Moniz mayor Emanuel Camara told RTP it was a "night to forget" and that "many people" were evacuated as a precaution.

Persons: Catarina Demony, Porto, Porto Moniz, Patricia Gaspar, Carlos Teles, Emanuel Camara, Gaspar, Inti Landauro, John Stonestreet Organizations: Friday, Porto Moniz, RTP, Camara de Lobos Locations: Catarina Demony LISBON, Portugal, Madeira, Calheta, Porto, Camara, Funchal

☆ If you were thinking about moving to Portugal, it just got a whole lot more expensive
▼ + stars: | 2023-10-12 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Portugal is ending a hefty tax break for foreigners in 2024 that incentivized many to move there. But come 2024, it will be significantly more expensive to live there if you're coming from another country. Now those moving to Portugal in 2024 and beyond will have to pay the same amount of income tax as everyone else, Le Monde reported. Americans already living in Portugal, like Dan Bagby and his wife, Michelle, who moved to Lisbon from Texas in 2021 , won't be immediately affected. But with the cost of living going up and reaching levels of parity with other countries, foreigners may not move to Portugal at all.

Persons: reconsidering, —, Alex Ingrim, Chase Buchanan, António Costa, Le Monde, Ingrim, Jose Manuel Ribeiro, it's, Dan Bagby, Michelle, Dan, Michelle Bagby, Bagby, We've, I'm Organizations: Service, Reuters, The New York Times, Citizen Solutions, Eurostat, Associated Press Locations: Portugal, Lisbon, stoke, Texas, Austin , Texas, France, Italy, Spain

☆ European stocks open higher as positive momentum continues; UK GDP meets expectations
▼ + stars: | 2023-10-12 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The regional Stoxx 600 index was up 0.5% in early trade with all sectors in the green. The Stoxx closed at a three-week high on Wednesday after notching its best one-day performance in 11 months on Tuesday. Attention will be on the consumer price index released later today. European Central Bank officials also continued to reinforce the message that rates may have peaked. Elsewhere, figures published Thursday morning showed the U.K. economy grew 0.2% month-on-month in August, in line with economists' expectations.

Persons: Mario Centeno Organizations: U.S . Federal, European Central Bank, Bank of Portugal, CNBC, ECB

☆ ECB done with hikes barring unforeseen shocks, Bank of Portugal's Centeno says
▼ + stars: | 2023-10-11 | 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 EmailECB done with hikes barring unforeseen shocks, Bank of Portugal's Centeno saysGovernor of the Bank of Portugal Mario Centeno discusses peak rates, the risks of overtightening, ECB tools and the euro zone economy.

Persons: Portugal's Centeno, Bank of Portugal Mario Centeno Organizations: Bank, Portugal's, Bank of Locations: Bank of Portugal, overtightening

☆ FIFA 2030 World Cup to be hosted by Morocco, Spain and Portugal, with opening games in South America
▼ + stars: | 2023-10-04 | by ( Natasha Turak | ) www.cnbc.com time to read: 1 min

Cristiano Ronaldo of Portugal shoots past Jawad El Yamiq of Morocco during the FIFA World Cup Qatar 2022 quarter final match between Morocco and Portugal at Al Thumama Stadium on December 10, 2022 in Doha, Qatar. (Photo by Francois Nel/Getty Images)The 2030 FIFA World Cup will be hosted by Morocco, Spain, and Portugal, the world governing body of soccer announced Wednesday, with the three opening matches to be played in South America. The tournament will be the first World Cup to be held across three different continents. Opening games will be held in Uruguay, Argentina and Paraguay, and all six hosting countries' teams will be automatically qualified to compete.

Persons: Cristiano Ronaldo, Jawad El Yamiq, Francois Nel Organizations: FIFA World, Qatar, Al Locations: Morocco, Portugal, Doha, Qatar, Spain, South America, Uruguay, Argentina, Paraguay

GENEVA (AP) — The new head of the U.N.'s migration agency said Monday that the private sector is “desperate” for their countries to take in migrants to mop up labor shortages, especially in the West — endeavoring to steer a narrative away from reticence and suspicion about migrants in many parts of the world. ”We hear from ... the private sector globally, but especially in Europe and in North America, that they are desperate for migration in order to meet their own labor market needs and in order to continue to fuel innovation within their own companies,” Pope, who is American, told reporters. Pope insisted that countries must ensure legal and proper “pathways” to migration, a longstanding call by U.N. institutions. Pope officially took over Sunday from Antonio Vitorino of Portugal, her former boss, whom she outlasted in a U.S.-vs.-European Union showdown earlier this year. The Geneva-based agency has only had two non-American directors-general since its founding in 1951, and today it brings together 175 member countries and more than 20,000 staff.

Persons: Amy Pope, ” Pope, That’s, Biden, —, Pope, ”, “, Antonio Vitorino Organizations: GENEVA, International Organization for Migration, Union Locations: reticence, United States, Latin America, Europe, North America, East Africa, Africa, Asia, Portugal, U.S, Geneva, American

☆ ATP Roundup: Daniil Medvedev advances to quarters in China
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +2 min

[1/5] Tennis - ATP 500 - China Open - National Tennis Center, Beijing, China - September 29, 2023. With the victory, Medvedev won his 40th hard-court match of the season, which leads the tour. When Medvedev meets Ugo Humbert of France in the quarterfinals, it will be Medvedev's 13th quarters match in 18 tournaments this year. Humbert upset another Russian, fifth-seeded Andrey Rublev, 5-7, 6-3, 7-6 (3). Also advancing Saturday was Nicolas Jarry of Chile, who defeated Italian Matteo Arnaldi 6-7 (4), 7-6 (4), 6-3.

Persons: Daniil Medvedev, Tommy Paul of, Florence, Australian Alex de Minaur, Medvedev, de Minaur, Ugo Humbert of France, Humbert, Andrey Rublev, Nicolas Jarry of, Matteo Arnaldi, Alexander Zverev of, Alejandro Davidovich Fokina, Dominic Thiem, Marcos, Thiem, Austrian Sebastian Ofner, Ofner, Alexander Bublik, Tallon Griekspoor, Japan's Sho Shimabukuro, Griekspoor, Sebastian Korda, Nuno Borges Organizations: China, National Tennis Center, U.S, REUTERS, Astana, Marcos Giron, Austrian, Thomson Locations: Beijing, China, Russia, Australian, Nicolas Jarry of Chile, Alexander Zverev of Germany, Spain, Kazakhstan, Netherlands, Portugal

But Portugal's housing crisis curbed her dreams and forced her to live in a tent. Sale prices have skyrocketed 137% in that period, according to housing data specialists Confidencial Imobiliario. Brazilians, who make up 40% of Portugal's migrant community, on average earn around 20% less than Portuguese, according to the Migration Observatory. At Saturday's rallies in Lisbon, Porto and other cities, protesters carried banners reading "Housing is a right!" The 2021 census showed that nearly 38% of Portugal's foreign population lived in overcrowded households, and various rights groups have said migrants often face discrimination in access to housing.

Persons: Marcia Leandro, Andreia Costa, Confidencial, Leandro, Dinis Lourenco, Lourenco, Costa, Miguel Pereira, Catarina Demony, Andrei Khalip, David Holmes Organizations: Confidencial Imobiliario, Migration, Socialist, Thomson Locations: LISBON, Portugal, Brazil, Lisbon, Western, Porto

☆ Six young people take 32 countries to court over wildfires and heat waves
▼ + stars: | 2023-09-27 | by ( Laura Paddison | ) edition.cnn.com time to read: +8 min

CNN —The European Court of Human Rights will hear an “unprecedented” lawsuit on Wednesday, brought by six young people against 32 European countries accusing them of failing to tackle the human-caused climate crisis. It is the first climate case to be filed with the European Court of Human Rights and is the largest of a total of three climate lawsuits the court is hearing. If it passes procedural hurdles, the court could rule that states do not have human rights obligations when it comes to climate change. “That could be very damaging to other similar cases,” said Michael B. Gerrard, director of the Sabin Center for Climate Change Law at Columbia Law School. Climate litigation is an important tool, said Catherine Higham, coordinator of the Climate Change Laws of the World project at the London School of Economics.

Persons: David, ”, Gearóid Ó Cuinn, “, Catarina Mota, Mota, Cláudia Duarte Agostinho, Pablo Blazquez Dominguez, André dos Santos, –, Martim Duarte, Cláudia Duarte, Mariana Duarte, Marcelo Engenheiro, Michael B, Gerrard, ” Ó Cuinn, ” Gerrard, Gerry Liston, Liston, Catherine Higham Organizations: CNN, European, of Human, Global, Getty, Union, Sabin, Climate, Columbia Law School, London School of Economics, United Nations Locations: Portugal, GLAN, Pedrogao Grande, Leiria district, Norway, Russia, Switzerland, Turkey, United Kingdom, Greece –, Europe, Dubai

☆ Portugal approves 30% cut in mortgage rates for struggling borrowers
▼ + stars: | 2023-09-21 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, Sept 21 (Reuters) - Portugal's government said on Thursday that banks must discount the benchmark six-month Euribor rate by 30% when calculating mortgage interest rates if asked to do so by borrowers struggling to deal with rising interest rates and avoid default. Around 90% of Portugal's stock of 1.4 million mortgages have variable rates indexed to euro interbank offered rates (Euribor) , one of the highest levels in the euro zone. But interbank rates have soared as the European Central Bank hiked interest rates from record lows. "As a result of this measure, the implied interest rate on mortgages cannot exceed 70% of the six-month Euribor rate in the next two years," Finance Minister Fernando Medina told a news briefing. Those with mortgages indexed to three- and 12-month Euribor rates will also receive a discount equal to the nominal amount resulting from the cut in the six-month rate, he added.

Persons: Fernando Medina, Banks, Medina, Mario Centeno, Association of Portuguese Banks APB, Sergio Goncalves, Andrei Khalip, Kirsten Donovan Organizations: European Central Bank, Finance, Bank of Portugal, Association of Portuguese, Thomson Locations: LISBON

CFTC data show that funds and speculators are holding a chunky net short yen position worth around $8.2 billion. Contrast that with the euro position, and it is not difficult to envisage a potential narrowing of the gulf in the weeks and months ahead. Citi's U.S. economic surprises index has been positive since May and the euro zone index has been in negative territory since May. Euro zone interest rate traders reckon the ECB is done raising rates, and are now betting on around 70 bps of rate cuts next year. "Today's ECB policy update and stronger U.S. data for Q3 is further encouraging those expectations placing downward pressure on EUR/USD," MUFG's Lee Hardman wrote on Thursday.

Persons: Pedro Nunes, gunning, MUFG's Lee Hardman, Jamie McGeever, David Evans Organizations: Bank of, REUTERS, Rights, Central, ECB, U.S, HSBC, Futures, CFTC, Bank of Japan, Deutsche Bank, Reuters, Thomson Locations: Bank of Portugal, Carregado, Alenquer, Portugal, Rights ORLANDO , Florida, U.S

Typically, it’s the faithful who carry the various likenesses of Mary in similar festivals across the world. A century ago, the Vatican formally granted special permission for animals to pull the floats with life-sized statues of the Virgin Mary, said the Rev. Another uncommon aspect of the procession is the iconic century-old sacred image standing on the bow of a boat-shaped float – the Virgin Mary breastfeeding infant Jesus. At least 50 were women dressed in pink and blue like the Virgin statue, carrying Jesus dolls or real babies. One of this year’s floats represented Our Lady of Peace, her statue framed by flags of conflict-ridden countries like Ukraine and Libya.

Persons: ”, Antonio Faustino, Virgin Mary, “, Pope Francis, Mary, Fernando Albano Cardoso, Faustino, Jesus, Albano, Julieta Pereira, ” Pereira, Filipe Mendonça, he’s, Alfredo Teixeira, Peace, –, gingerly, Francisco Lopes, Jennifer Esteves Organizations: Catholic, Vatican, Catholic Church, Catholic University of Portugal, Lamego’s, Lilly Endowment Inc, AP Locations: LAMEGO, Portugal, Portugal’s, Nossa Senhora, ”, Lisbon, Douro, Switzerland, Ukraine, Libya, Portuguese, Germany

☆ I use AI for blogging and I made $115,000 last year from my website. Here are the exact chatbots I use and how I get them to write in my voice.
▼ + stars: | 2023-09-12 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

She shared the prompts she used to train AI tools to help produce her blogs. Before I started using AI , I would always write my own blog posts. Once I had that, I'd write the different sections of the piece with information I'd researched. I didn't like AI-generated content at firstI've always been a bad manual typist and started using AI for voice typing. I don't think content entirely generated by AI is as valuable to the reader as AI content edited by a person.

Persons: Samantha North, I'd, Jasper, I've, hasn't, Claude, ChatGPT Organizations: Émigré, EU, ChatGPT, Google, PAS Locations: Portugal

☆ He moved from Reno to rural Portugal, bought a house for $300,000, and makes travel videos for a living: How one American guy pieced together his dream life at 32
▼ + stars: | 2023-09-11 | by ( Amanda Goh | ) www.businessinsider.com time to read: +13 min

Dave Alastair moved from Reno, Nevada, to a rural province 45 minutes north of Lisbon, Portugal, in 2022. He bought a three-bedroom house with a pool for $300,000 and says he appreciates his new laidback lifestyle. The exterior of Dave Alastair's house in Portugal. "My neighbors within a mile have tons of wine vineyards, so I'm guessing this was all wine country back then." Buying property in Portugal as a foreigner can be challenging because of the legalities of the process, he said.

Persons: Dave Alastair, Alastair, Dave, Sara, Dave Alastair's, there's, it's, Portugal Alastair, they're, you'll, he's, you've, Amanda Goh Organizations: Service, YouTube Locations: Reno , Nevada, Lisbon, Portugal, United States, Wall, Silicon, American, Nevada, Europe, Algoz, Lisboa, Reno, Dave, America, agoh@insider.com

☆ What it's like in Europe's popular crypto haven Portugal as the U.S. cracks down
▼ + stars: | 2023-09-09 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.

Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, —, Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve

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