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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

☆ The next total solar eclipse: When and where to expect it
▼ + stars: | 2024-04-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +3 min

CNN —Monday’s total solar eclipse, one of the most highly anticipated events of 2024, has come and gone. But the next total solar eclipse won’t occur until August 12, 2026, said Amir Caspi, a principal scientist at the Southwest Research Institute in Boulder, Colorado. The next total eclipse in the USThe US won’t catch a glimpse of a total solar eclipse again until March 30, 2033, and even then the Russia-centric path includes only Alaska, with totality lasting 2 minutes and 37 seconds. A partial solar eclipse will shine over most of the country during that celestial event. The next total solar eclipse with a coast-to-coast path spanning the Lower 48 states will occur on August 12, 2045.

Persons: it’s, Amir Caspi, Caspi Organizations: CNN, NASA, Southwest Research, New Zealand, Democratic Locations: Chile, Argentina, South America, Boulder , Colorado, Greenland, Iceland, Spain, Russia, Portugal, Europe, Africa, North America, Alaska, North Dakota, Montana, California , Nevada , Utah , Colorado , Kansas , Oklahoma , Arkansas , Mississippi, Alabama, Florida, Australia, New, Namibia, Botswana, South Africa, Lesotho, Nigeria, Cameroon, Chad, Sudan, Egypt, Saudi Arabia, Iran, Afghanistan, Pakistan, India, China, North, South Korea, Japan, Angola, Democratic Republic of Congo, Uganda, Kenya, Somalia, Malaysia, Indonesia, Brunei, Philippines

☆ What to do with your solar eclipse glasses
▼ + stars: | 2024-04-09 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +3 min

For the fortunate folks who witnessed the rare solar event, there may not be a need to throw out gently used pairs of solar eclipse viewing glasses. That means the same glasses worn during the 2024 total solar eclipse will serve as effective protection during the next total solar eclipse in 2026 that will be visible over Greenland, Iceland, Spain, Russia and a small portion of Portugal and appear as a partial eclipse in parts of Europe, Africa and North America. Where to donate solar eclipse glassesIf the owner of a pair of solar eclipse glasses is not planning on globe-trotting to catch a glimpse of the upcoming solar eclipses, there are several organizations collecting viewers with the aim of donating to those who will be on the path of upcoming events. Eclipse Glasses USA, a retailer of eclipse glasses approved by the American Astronomical Society, is collecting used but undamaged glasses to send to schools in Chile and Argentina that will be within the path where the October 2024 annular eclipse, otherwise known as the “ring of fire,” will be visible. Astronomers Without Borders, a nonprofit organization that collected more than 2 million glasses after the 2017 total solar eclipse and redistributed hundreds of thousands of pairs before the 2024 eclipse, has a growing list of drop-off locations for donations of gently used glasses.

Persons: “, ”, Kerry Hensley, Hensley Organizations: CNN, American Astronomical Society, AAS Nova, American Academy of Ophthalmology Locations: North America, Greenland, Iceland, Spain, Russia, Portugal, Europe, Africa, United States, North Dakota, Montana, Chile, Argentina

☆ If you missed the total solar eclipse, here are your next 2 chances to see one in the US
▼ + stars: | 2024-04-08 | by ( Leanna Garfield | Jenny Mcgrath | ) www.businessinsider.com time to read: +2 min

Read previewParts of the United States experienced a total solar eclipse on Monday, April 8. Unfortunately, the next opportunity to see a total solar eclipse in the US isn't for a few decades, when two more total solar eclipses will pass over areas of the country. A total solar eclipse occurs when the moon passes between the Earth and sun, completely blocking the latter from view. For example, the next total solar eclipse will pass over Greenland, Iceland, Spain, Russia, and part of Portugal on August 12, 2026, per NASA. AdvertisementThe next total solar eclipse in the US is set for 2044.

Persons: —, Manfred Gottschalk Organizations: Service, Business, NASA Locations: United States, Montana , North Dakota, South Dakota, California, Florida, Greenland, Iceland, Spain, Russia, Portugal, Africa, Europe, North America

☆ I moved to Portugal, where it's cheaper and my career is taking off. I'm not sure I'll ever return to the US.
▼ + stars: | 2024-03-27 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

Kylie Adamec moved to Portugal in 2022 after struggling to get her career off the ground in the US. I had a medical emergency when I was 23 years old, and I had a private healthcare plan in the United States. There's an analogy for how people socialize in the United States versus in Portugal. It describes people in the United States as peaches, and people in Portugal as coconuts. Moving back to the United States permanently?

Persons: Kylie Adamec, —, I've, Adamec, he'd, who's, It's, Jermaine Amado, Camila Ana Organizations: Service, Colgate, North Locations: Portugal, Chicago, New York City, Lisbon, Wisconsin, Milwaukee, Madison, Toronto, Rome, Europe, New York, Tennessee, United States, Casa Azul, Americas, Japan, Turkey, Spain, Malaysia, Belize, El Salvador

☆ Portugal election results: Luis Montenegro’s coalition claims slim win as radical right surges
▼ + stars: | 2024-03-10 | by ( Vasco Cotovio | Sophie Tanno | ) edition.cnn.com time to read: +4 min

The Democratic Alliance coalition won 29.5% of the 98.98% of votes counted early Monday, with the incumbent Socialist Party on 28.7%. The results are not final – but Socialist Party leader Pedro Nuno Santos has already conceded. Chega won 18%, a breakthrough for the radical right party and its leader, André Ventura, a former trainee priest and football pundit. For decades the Socialist Party and center-right Social Democratic Party – the main party in the Democratic Alliance – have taken turns in power. Andre Ventura, the leader of Chega party, speaks to journalists after voting in Lisbon on March 10, 2024.

Persons: Chega, Pedro Nuno Santos, André Ventura, Luis Montenegro, Democratic Alliance –, Antonio Costa, Andre Ventura, Nuno Cruz, Nuno Santos, ” Santos, Ventura’s Chega, –, ”, Ventura Organizations: CNN, Democratic Alliance, Socialist Party, Social Democratic Party –, Social Democratic Party, PSD Locations: Portugal’s, Portugal, Lisbon, Chega, Europe, Greece, Croatia, Western Europe, Costa, Montenegro

☆ 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

☆ What is the Atlantic diet?
▼ + stars: | 2024-02-13 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

CNN —The traditional diet of northern Portugal and northwestern Spain, known as the Southern European Traditional Atlantic Diet, or Atlantic diet for short, may hold some clues to better heart health and a lower risk of dying early from cancer, heart disease or any cause, according to studies conducted in Europe. The diet is based on foods grown or found in that part of the Europe, much like its famous cousin the Mediterranean diet. Because it’s plant-based and locally sourced, the Atlantic diet also helps protect the planet by contributing to the United Nations’ Sustainable Development Goals, the study’s authors noted. Like the Mediterranean diet, the Atlantic diet focuses on home-cooked food served family style, with an emphasis on social interactions between friends and family. However, other studies have shown that not all food groups in the traditional Atlantic diet are beneficial.

Persons: ”, Walter Willett, Harvard T.H, David Katz, Al Bochi Organizations: CNN, Southern, JAMA, Harvard, of Public Health, Harvard Medical School, United Nations, True Health Initiative, Atlanta, Academy of Nutrition, “ Locations: Portugal, Spain, Europe, Chan, Boston, Czechia, Poland

☆ The best islands in Europe for getting away from almost everyone
▼ + stars: | 2024-01-19 | by ( Terry Ward | ) edition.cnn.com time to read: +12 min

Here are some of the best islands in Europe for getting away from almost everyone:Schiermonnikoog, the NetherlandsThe Netherlands is better known for canals, dikes and tropical Dutch Caribbean Islands like Bonaire and Curaçao than the sandspun isles along the country’s North Sea coast. Flores Island, Azores, PortugalWaterfalls trickle down an imposing rock face on the island Flores in the Azores. aroxopt/Adobe StockOne of the most remote islands in an already remote archipelago, Flores Island in the westernmost stretches of the Azores is a nature lover’s dream. To say there’s room to stretch out and breathe on these Baltic Sea islands is an understatement. The best islands in Europe for getting away from almost everyoneHavsVidden offers a secluded escape on northern Fasta Åland with villas with their own saunas overlooking the rocky shoreline.

Persons: Annemarieke Romeijn, ”, Eyrún, Gabriela Silva, Flores, Rocha dos Bordões, Santa Cruz das Flores, Randi Skaug, “, Torunn Tronsvang, Richard Kellett, Luis Fonseca, iStockphoto, São João Baptista, Berlengas, Arlindo Serrao, Mola mola, Francesco Curione, Lent, Skyros, revelry, – it’s, Drake, Åland Organizations: CNN, Adobe, Heimaey, puffin, Norway Visitors, Intrepid, UNESCO, Visitors Locations: Europe, Ibiza, Netherlands, Caribbean, Bonaire, Curaçao, West Frisian, Wadden, Schier, Lauwersoog, Vestmannaeyjar, Iceland, Heimaey, Westman, Hotel Ranga, gannet, fulmar, Flores Island, Azores, Portugal, Flores, Santa Cruz, Naustholmen, Norway, Bodø, Northern Norway, Norwegian, Lofoten, ”, Tiree, Scotland, Hawaii, Scottish, Oban, Glasgow, Loganair, Berlengas, Peniche, São, Grande, Alicudi, Sicily, Italy, Taormina, Skyros, Greece, Mykonos, Rathlin, Northern Ireland, Ballycastle, Åland, Finland, Bothnia, Sweden

☆ Centeno says ECB remains data dependent, inflation moving in right direction
▼ + stars: | 2024-01-16 | 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 EmailCenteno says ECB remains data dependent, inflation moving in right directionBank of Portugal Governor Mário Centeno discusses the economic and inflationary outlook at the World Economic Forum 2024.

Persons: Centeno, Mário Centeno Organizations: Bank of Portugal

☆ 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

☆ See the best evening gowns at the 2023 Miss Universe competition
▼ + stars: | 2023-11-18 | by ( Alex Rees | ) edition.cnn.com time to read: +5 min

Benjamin Askinas/Courtesy Miss Universe Miss Bolivia, Estefany Rivero. Benjamin Askinas/Courtesy Miss Universe Miss Brazil, Maria Brechane. Benjamin Askinas/Courtesy Miss Universe Miss Bulgaria, Yuliia Pavlikova. Benjamin Askinas/Courtesy Miss Universe Miss Slovakia, Kinga Puhová Benjamin Askinas/Courtesy Miss Universe Miss South Africa, Bryoni Govender. The 2023 Miss Universe pageant also marks longtime Miss Universe Organization President Paula Shugart’s last year.

☆ 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

☆ 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

☆ 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

☆ 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

☆ 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

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