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REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsLONDON, Oct 6 (Reuters) - The copper market will transition from supply-demand balance in 2023 to a major supply surplus next year, the International Copper Study Group (ICSG) said after its meeting in Lisbon this week. However, its assessment chimes with a copper market consensus that Chinese demand has surprised to the upside this year. It has trimmed only very slightly its 2024 global usage growth forecast from 2.8% to 2.7%. Operating constraints and smelter maintenance outages in Chile, Indonesia, Sweden and the United States will cap copper production outside of China this year. It's worth noting that the ICSG's most recent monthly bulletin suggests the global copper market notched up a hefty 215,000-metric ton production surplus in the first seven months of 2023.

Persons: Ivan Alvarado, Everyone's, Andy Home, Susan Fenton Organizations: BHP Billiton's Escondida, REUTERS, Study, Shanghai Metal, Reuters, Thomson Locations: Antofagasta, Chile, Lisbon, China, North America, Europe, United States, Indonesia, Sweden, India

Air France-KLM has tended to let airlines it invests in keep their operations and branding. With the process still in its infancy, Air France-KLM has a chance to make a pitch to TAP now off the back of SAS. LONG FIGHT AHEADThere are remaining challenges for Air France-KLM as it looks to clear regulatory hurdles with SAS, including approval from American and European policymakers. Europe's airline industry has a history of cultural and political barriers to smooth integration, even within Air France-KLM itself. Air France-KLM is a member of the rival SkyTeam alliance.

Persons: Paris Charles de, Charles Platiau, IAG, James Halstead, Jacob Gronholt, Pedersen, Tim Hepher, Matt Scuffham, Sharon Singleton 私 Organizations: Air France Boeing, Paris Charles, REUTERS, France, KLM, TAP, TAP Portugal, Lufthansa, LONDON, Air, Scandinavia's SAS, Ryanair, Wizz, Air France, IAG, Tuesday's SAS, SAS, Star Alliance, Reuters, Apollo Global Management, Union Locations: Paris, Paris Charles de Gaulle, Roissy, France, LISBON, Air France, Europe, Air, Danish, Swedish, Spanish, Portugal, Northern Europe, TAP's, Portuguese, U.S, Lisbon, Porto, Iberia, South America

REUTERS/Yusuf Ahmad/File Photo - RC2DGT9XQ73M Acquire Licensing RightsLONDON, Oct 5 (Reuters) - Global nickel production will outpace demand to the tune of 239,000 metric tons next year, according to the International Nickel Study Group (INSG). The cumulative forecast surplus of 566,000 metric tons over the three years is huge relative to the size of the nickel market. Global consumption this year is expected to come in at 3.2 million metric tons. The mining rush fed an 85% jump in production of intermediate products such as nickel pig iron (NPI) and nickel matte and a 20% rise in primary nickel products such as sulphate. But rising global production is also increasingly about China, which lifted its primary nickel production by 18% year-on-year in January-July.

Persons: Yusuf Ahmad, it's, Sharon Singleton Organizations: REUTERS, Study, Global, London Metal Exchange, Shanghai Futures Exchange, Investor, EV, Macquarie Bank, Traders, London, Reuters, Thomson Locations: Lisbon, London, Indonesia, China, Shanghai

☆ ECB's Centeno says rate cycle likely completed, inflation retreating
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

LISBON, Oct 4 (Reuters) - The cycle of interest rate hikes by the European Central Bank has likely come to an end as inflation across the euro zone is retreating faster then it rose, ECB Governing Council member Mario Centeno said on Wednesday. "We can expect that the rate cycle has been completed by now, and with present conditions," he told reporters in Lisbon. Centeno warned that even as the ECB's nominal interest rates could now remain stable due to declining inflation, real interest rates that directly impact companies, households and economies were still expected to increase, requiring "some caution with decisions in the near future". "The transmission of monetary policy is delayed in time, takes time to happen and does not impact all countries in the same way at the same time," Centeno added. Reporting by Sergio Goncalves, edititng by Andrei Khalip, Bernadette Baum and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Mario Centeno, Centeno, Sergio Goncalves, edititng, Andrei Khalip, Bernadette Baum, Sharon Singleton Organizations: European Central Bank, ECB, Thomson Locations: LISBON, Lisbon

☆ 53-year-old early retiree moved his family from the U.S. to Portugal—here's why they're happier than ever
▼ + stars: | 2023-09-30 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Alex and Noki Trias retired early and moved to Portugal with their daughter in 2015. In February 2015, Alex Trias, 53, and his wife Noki took their daughter Evie on a vacation to Lisbon, Portugal, and never looked back. Alex and Noki Trias retired early and moved to Portugal with their daughter in 2015. Alex TirasJust two days into their Portugal vacation, the family started planning a move to Lisbon. Photo: Alex Trias

Persons: Alex, Noki Trias, Alex Trias, Noki, Evie, Trias, fanatically, Alex Tiras, It's Organizations: Washington , D.C, CNBC, Global Citizens Solutions Locations: Portugal, Lisbon, Washington ,, Bairro Alto, Old San Juan, Puerto Rican, Spain, Europe, U.S, Sintra

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

☆ Meet the families who are ditching America to travel abroad as digital nomads
▼ + stars: | 2023-09-28 | by ( Simone Stolzoff | ) www.businessinsider.com time to read: +16 min

At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.

Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, —, Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco

☆ European castles, private chefs, and a startup school: These families are ditching the US to live the American dream abroad
▼ + stars: | 2023-09-28 | by ( Simone Stolzoff | ) www.businessinsider.com time to read: +16 min

If the complaint is upheld, it could result in orders from national courts for governments to cut carbon dioxide emissions blamed for climate change faster than currently planned. 'UNPRECEDENTED IN SCALE'The applicants argue climate change threatens their rights including to life, physical and mental wellbeing. Current policies would fail to meet either goal, according to the United Nations' Intergovernmental Panel on Climate Change. Last month, a judge in Montana, in the United States, handed a historic win to young plaintiffs in a climate change case. In addition to Wednesday's youth case, there are two other climate cases pending before the ECHR's Grand Chamber.

Persons: Andre, Sofia Oliveira, Pedro Nunes, heatwaves, Gerry Liston, Andre Oliveira, Martim Agostinho, Agostinho, Liston, Catarina Demony, Aislinn Laing, Alex Richardson, Christina Fincher Organizations: European, of Human Rights, United Nations, Thomson Locations: Almada , Portugal, Portugal, Britain, Switzerland, Norway, Russia, Turkey, Strasbourg, Paris, Portuguese, Leiria, Europe, Montana, United States, Lisbon

☆ Ireland recovers largest ever drugs seizure worth over $165M
▼ + stars: | 2023-09-27 | by ( Amy Croffey | ) edition.cnn.com time to read: +3 min

CNN —The biggest-ever drug seizure in the history of Ireland was intercepted off the coast of Cork in the southeast of the country on Tuesday, Irish police said. “It is the largest drug seizure in the history of the State,” Justin Kelly, Assistant Commissioner of An Garda Síochána, Ireland’s police force, said at the same conference. Three men, aged 31, 50 and 60, have been arrested on suspicion of organized crime and are currently being questioned at Garda stations in County Wexford, according to a Garda press release. Officers said the drugs originated from South America and were bound for crime groups in Ireland, the United Kingdom, and Europe. Assistant Commissioner Justin Kelly said the drug seizure was the largest in Ireland's history.

Persons: Matthew ”, Gerry Harrahill, ” Justin Kelly, ” Kelly, Justin Kelly, Garda Síochána, ” Tony Geraghty Organizations: CNN, Revenue, Dublin, State, Garda, Irish Air Corps, Irish Revenue Customs Service, Irish Defence Forces, Irish Naval Service, Maritime Analysis, Narcotics, European Union Locations: Ireland, Cork, South America, County Wexford, United Kingdom, Europe, Dublin, Lisbon, France, Italy, Spain, Netherlands, Portugal

☆ SoftBank-backed Improbable slashes losses by 85%, says pivot to the metaverse has paid off
▼ + stars: | 2023-09-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon. Virtual reality startup Improbable said Wednesday that it reduced losses by 85% in 2022, a year that saw the company pivot its focus to powering new "metaverse" experiences. Improbable CEO Herman Narula said the company had reported its "best financial year" on record which reflected how its bet on the metaverse had paid off. Improbable said that part of the reason behind the company's reduction in losses was a dramatic reduction in the cost of running mass-scale virtual events. The year also saw Improbable divest two of its games studios, Inflexion Games and Midwinter Entertainment, and sell off a business unit focused on servicing defense clients.

Persons: Herman Narula, Critics, Andreessen Horowitz Organizations: Inflexion, Midwinter Entertainment, Companies House Locations: Lisbon, British

☆ Youth Vs Europe: 'Unprecedented' Climate Trial to Kick off at Rights Court
▼ + stars: | 2023-09-26 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

Applicants will argue climate change threatens their rights including to life, physical and mental wellbeing. Current policies would fail to meet either goal, according to the United Nations' Intergovernmental Panel on Climate Change. "Without urgent action to cut emissions, (the place) where I live will soon become an unbearable furnace," another applicant, 20-year-old Martim Agostinho, said in a statement. Last month, a judge in Montana, in the United States, handed a historic win to young plaintiffs in a climate change case. In addition to Wednesday's youth case, there are two other climate cases pending before the ECHR's Grand Chamber.

Persons: Catarina Demony, Gerry Liston, Andre Oliveira, Martim Agostinho, Agostinho, Liston, Aislinn Laing, Alex Richardson Organizations: European, of Human Rights, United Nations Locations: Portugal, Britain, Switzerland, Norway, Russia, Turkey, Strasbourg, Paris, Portuguese, Leiria, Europe, Montana, United States, Lisbon

☆ 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

REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsSummaryCompanies Federal Reserve interest rate decision due at 1800 GMTNEW YORK, Sept 20 (Reuters) - Oil prices eased on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when rates will peak and how that will affect energy demand. WTI crude futures for November , which will soon be the U.S. front-month, was up about 18 cents to $90.30. Investors were awaiting the Fed's interest rate decision at 2:00 p.m. EDT (1800 GMT) to assess the outlook for economic growth and fuel demand. The Fed is widely expected to keep interest rates steady, but the focus will be on its projected policy path. Interest rate hikes to tame inflation can slow economic growth and reduce oil demand.

Persons: Pedro Nunes, Brent, WTI, Edward Moya, refiners, Goldman Sachs, Robert Harvey, Yuka Obayashi, Emily Chow, Nicole Jao, Kim Coghill, Jason Neely, Louise Heavens, David Gregorio Our Organizations: REUTERS, U.S, U.S . Energy Information Administration, . West Texas, U.S . Energy, Administration, Bank of England, Thomson Locations: Lisbon, Portugal, U.S . Federal, U.S, WTI, ., Japan, London, Tokyo, Singapore, New York

☆ Oil falls ahead of Fed rate decision
▼ + stars: | 2023-09-20 | by ( Robert Harvey | ) www.reuters.com time to read: +3 min

REUTERS/Pedro Nunes/File Photo Acquire Licensing RightsSummaryCompanies Federal Reserve interest rate decision due at 1800 GMTLONDON, Sept 20 (Reuters) - Oil prices fell on Wednesday ahead of the U.S. Federal Reserve's interest rate decision, with investors uncertain when peak rates will be hit and how much of an impact it will have on energy demand. Investors are awaiting the Fed's interest rate decision at 1800 GMT on Wednesday to assess the outlook for economic growth and fuel demand. The Fed is widely expected to keep interest rates on hold, but the focus will be on its projected policy path, which is unclear. Prices fell despite U.S. crude oil stockpiles falling last week by about 5.25 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday. Goldman Sachs said it expects the Bank of England to keep interest rates unchanged on Thursday as a result of the fall.

Persons: Pedro Nunes, Edward Moya, Tamas Varga, Brent, Goldman Sachs, Robert Harvey, Yuka Obayashi, Emily Chow, Kim Coghill, Jason Neely, Louise Heavens Organizations: REUTERS, U.S, Brent, . U.S . West Texas, American Petroleum Institute, bbl, Bank of England, Thomson Locations: Lisbon, Portugal, U.S . Federal, U.S, ., London, Tokyo, Singapore

☆ Oil falls $1 ahead of Fed rate decision
▼ + stars: | 2023-09-20 | by ( Emily Chow | ) www.reuters.com time to read: +4 min

Prices fell despite a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output that indicated tight crude supply for the rest of 2023. Global benchmark Brent crude futures were last down 88 cents, or 0.9%, at $93.46 a barrel by 0650 GMT. Moya added that the oil market is still "very tight" and will remain so over the short-term. "Unless Wall Street grows nervous that the Fed will kill the economy, the crude demand outlook should (only) gradually soften, but the oil market will easily have a supply deficit throughout winter." U.S. crude oil stockpiles fell last week by about 5.25 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday.

Persons: Pedro Nunes, Brent, Edward Moya, Moya, Goldman Sachs, Yuka Obayashi, Emily Chow, Sonali Paul, Muralikumar Anantharaman, Kim Coghill Organizations: REUTERS, Rights, U.S, Brent, . West Texas, American Petroleum Institute, Reuters, Exxon Mobil Corp, Thomson Locations: Lisbon, Portugal, Rights SINGAPORE, U.S . Federal, U.S, Saudi Arabia, Russia, Nigeria, Tokyo, Singapore

Prices fell despite a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output that indicated tight crude supply for the rest of 2023. Moya added that the oil market is still "very tight" and will remain so over the short-term. "Unless Wall Street grows nervous the Fed will kill the economy, the crude demand outlook should (only) gradually soften, but the oil market will easily have a supply deficit throughout winter." The Fed is widely expected to keep interest rates on hold, but the focus will be on its policy path, which is unclear. U.S. crude oil stockpiles fell last week by about 5.25 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday.

Persons: Pedro Nunes, Brent, Edward Moya, Moya, Hiroyuki Kikukawa, WTI, Yuka Obayashi, Emily Chow, Sonali Paul, Muralikumar Organizations: REUTERS, Rights, U.S, Brent, . West Texas, U.S . Federal Reserve, American Petroleum Institute, NS, Nissan Securities, Reuters, Exxon Mobil Corp, Thomson Locations: Lisbon, Portugal, U.S . Federal, U.S, Saudi Arabia, Russia, Nigeria, Tokyo, Singapore

A person uses a petrol pump, as the price of petrol rises, in Lisbon, Portugal, March 7, 2022. The October WTI contract expires on Wednesday and the more active November contract was up 9 cents, or 0.1%, at $90.57 a barrel. Industry data on Tuesday showed U.S. crude oil stockpiles fell last week by about 5.25 million barrels, according to market sources citing American Petroleum Institute figures. "A large drop in U.S. oil inventories and slow U.S. shale output have added to supply concerns coming from extended production curbs by Saudi Arabia and Russia," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities. "There will be some short-term adjustments in oil prices because of the recent spike, but expectations of reaching $100 a barrel on both Brent and WTI later this year will remain unchanged," he said.

Persons: Pedro Nunes, Hiroyuki Kikukawa, Brent, WTI, Yuka Obayashi, Sonali Paul Organizations: REUTERS, Companies Exxon Mobil Corp Follow, Brent, . West Texas, American Petroleum Institute, NS, Nissan Securities, Reuters, Exxon Mobil Corp, Investors, U.S . Federal Reserve, Thomson Locations: Lisbon, Portugal, ., Saudi Arabia, Russia, Nigeria, Europe, Asia

☆ Portugal's telecom watchdog working with operators to bar Huawei
▼ + stars: | 2023-09-18 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsLISBON, Sept 18 (Reuters) - Portugal's telecom watchdog said on Monday it is working with operators to implement a high-level resolution which effectively bars Huawei's equipment from the country's 5G mobile networks, despite legal objections from the Chinese company. Huawei filed a lawsuit with a Lisbon court against the resolution at the end of August, seeking "protection of its legitimate interests and legal rights under the law". Portugal's main operators, Altice, NOS (NOS.LS) and Vodafone (VOD.L) have already said they will not use Huawei equipment in 5G core networks, amid European and U.S. concerns that Chinese involvement in critical infrastructure could compromise security. "It is work that is ongoing and we hope that it will be carried out successfully. We can assure the Portuguese that we are also working together with the operators", he added.

Persons: Benoit Tessier, Joao Cadete de Matos, Matos, Mario Campolargo, Sergio Goncalves, Alexander Smith Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Rights, Portugal's, Huawei, Vodafone, Reuters, Thomson Locations: Porte, Paris, France, Rights LISBON, Portuguese, Lisbon, Beijing

☆ Ukrainian minister vows more drones for strikes on Russian warships
▼ + stars: | 2023-09-16 | by ( Max Hunder | ) www.reuters.com time to read: +3 min

Mykhailo Fedorov, Vice Prime Minister and Minister of Digital Transformation of Ukraine attends a news conference at the Web Summit, Europe's largest technology conference, in Lisbon, Portugal, November 3, 2022. “There will be more drones, more attacks, and fewer Russian ships. That’s for sure,” Digital Transformation minister Mykhailo Fedorov said in an interview on Friday, answering a question about recent attacks near Crimea. This week, Ukraine has made several attacks using sea drones and missiles on Russia’s Black Sea naval fleet in and around the Crimean peninsula, which was annexed from Ukraine by Russia in 2014. Russia has acknowledged a Ukrainian missile attack that damaged a warship and a submarine this week, but says it has repelled all sea drone attacks.

Persons: Mykhailo Fedorov, Pedro Nunes, Fedorov, “, Max Hunder, Mark Potter Organizations: Digital Transformation, Web, REUTERS, Reuters, Thomson Locations: Ukraine, Lisbon, Portugal, KYIV, Ukrainian, Crimea, Russia

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

☆ A ‘River’ of Wine Flooded the Streets of a Town in Portugal
▼ + stars: | 2023-09-12 | by ( Claire Moses | More About Claire Moses | ) www.nytimes.com time to read: +1 min

The wine flowed freely in one Portuguese town over the weekend. Two tanks holding nearly 600,000 gallons (about 2.2 million liters) of wine at a distillery collapsed on Sunday, sending a torrent of red wine down the streets of the small town of Levira. The sheer force of the wine knocked over another tank, causing the wine from both tanks to flow out of the distillery and into the streets. The authorities are investigating the cause of the collapse, Mr. Carvalho said. It looked “like a river,” said Mr. Carvalho, who noted that there was not a strong smell in the air afterward because it was “good quality wine.”The spill lasted for no more than an hour, Mr. Carvalho said, and the local volunteer fire department helped clean up the roads.

Persons: ”, Pedro Carvalho, Levira, Carvalho Locations: Levira, Portuguese, Anadia, Lisbon

☆ Football Leaks' Rui Pinto gets suspended sentence, to remain free
▼ + stars: | 2023-09-11 | by ( Sergio Goncalves | ) www.reuters.com time to read: +3 min

Rui Pinto, the Portuguese man believed to be the mastermind behind Football Leaks, waits before his trial at the court in Lisbon, Portugal September 4, 2020. REUTERS/Rafael Marchante Acquire Licensing RightsLISBON, Sept 11 (Reuters) - A Lisbon court on Monday handed a four-year suspended prison sentence to Rui Pinto, the Portuguese man behind the Football Leaks website, for attempted extortion, illegal access to data and breach of correspondence, Judge Margarida Alves said. "The court decided Rui Pinto will be handed a single four-year sentence... but there is no need to serve the sentence in prison," the judge said. Pinto's targets included the football club Sporting, the Portuguese Football Federation, investment fund Doyen Sports and law firm PLMJ. Football Leaks' data seen by Reuters showed how some of the richest and most prominent figures in soccer avoided tax by channelling earnings offshore.

Persons: Rui Pinto, Rafael Marchante, Judge Margarida Alves, Pinto, Judge Alves, Anibal Pinto, Pinto's, Francisco Teixeira da Mota, Sérgio Gonçalves, Andrei Khalip Organizations: REUTERS, Rights, Football, Lisbon Central Criminal Court, Sporting, Portuguese Football Federation, Sports, Reuters, English Premier League, Manchester City, European Champions League, Thomson Locations: Lisbon, Portugal, Rights LISBON, Portuguese, Hungary

☆ 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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