LISBON, Portugal (AP) – Spain’s Caixabank has offered 1 billion euros ($1.14 billion) to take full control of Portugal’s Banco BPI, where the Spanish bank already owns 44 percent of the stock.
Barcelona-based Caixabank S.A. said in a statement to … Read Full Storyread more
DILI, East Timor (AP) – East Timor’s president has chosen opposition party member Rui Maria de Araujo as the new prime minister of the half-island nation, his office announced Wednesday.
Araujo, a former health minister, replaces former guerrilla leader Xanana … Read Full Storyread more
DILI, East Timor (AP) – East Timor’s president on Monday accepted the resignation of independence hero Xanana Gusmao as prime minister ahead of an expected restructuring of the government that would make it more inclusive.
The former guerrilla … Read Full Storyread more
DILI, East Timor (AP) – East Timor independence hero Xanana Gusmao resigned as prime minister Friday, stepping down ahead of an expected restructuring of the government next week.
The former guerrilla leader spearheaded East Timor’s drive for independence … Read Full Storyread more
LISBON, Portugal (AP) – Portugal’s government on Thursday approved a law granting citizenship rights to the descendants of Jews it persecuted 500 years ago, following Spain’s adoption of similar legislation last year.
Cabinet spokesman Luis Marques Guedes said the government … Read Full Storyread more
SALT LAKE CITY (AP) – The Mormon church has announced the creation of 11 new missions worldwide, including two in Utah.
Joining Logan and Orem with new missions are Modesto, California; Yakima, Washington; Trinidad; Costa Rica; Peru; Bolivia; Portugal; and … Read Full Storyread more
PONTA DELGADA — The leader of the Azores Liberation Front (FLA), José de Almeida, 79, died Monday in Ponta Delgada, after a long illness, his son told the LUSA news agency.
José de Almeida, who fell ill several months ago, … Read Full Story
LISBON, Portugal (AP) — Former Portuguese Prime Minister Jose Socrates has been detained by police as part of an investigation into corruption, money-laundering and tax fraud, Portugal’s Attorney-General’s office said Saturday.
Socrates, who was Portugal’s prime minister from 2005… Read Full Story
BEJA, Portugal (AP) – If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather – and tiny insects.
High spring temperatures, a cool summer and abundant rain are taking a big bite out of the … Read Full Storyread more
LISBON, Portugal (AP) – A female law professor with no political career is Portugal’s new head of the police and immigration services, replacing an interior minister who quit the government amid a corruption scandal.
Anabela Rodrigues, a former head of … Read Full Storyread more
LISBON, Portugal (AP) — Portugal’s government is trying for the second time in two years to sell flag carrier TAP Air Portugal.
The government announced Thursday it intends to sell a 66 percent stake in the airline, with 5 percent of that … Read Full Story
FRANKFURT, Germany (AP) — The European Central Bank says 13 of Europe’s 130 biggest banks have flunked an in-depth review of their finances and need an extra 10 billion euros ($12.5 billion) to cushion themselves against any future crises.
ECB… Read Full Story
JOHANNESBURG (AP) – The capital’s streets named after Vladimir Lenin and Kim Il Sung are lingering reminders of Mozambique’s post-independence Marxism as the country, now one of Africa’s fastest growing economies, prepares for its fifth democratic election on Wednesday… Read Full Storyread more
LISBON, Portugal (AP) – Portugal’s main opposition Socialist Party has chosen a new leader to fight next year’s general election.
Lisbon Mayor Antonio Costa collected around two-thirds of the vote in a contest with Antonio Jose Seguro, party leader for … Read Full Storyread more
NEW YORK (AP) – Despite its critical role in protecting the Amazon rainforest, Brazil will not endorse a global anti-deforestation initiative being announced at the U.N. climate summit, complaining it was left out of the consultation process. A U.N. official … Read Full Storyread more
LISBON, Portugal (AP) – TAP Air Portugal pilots are staging a 24-hour strike over what they say is a deterioration in work conditions, with their walkout disrupting the flag carrier’s operations during the peak summer vacation period.… Read Full Storyread more
MADRID (AP) – Spain’s telecommunications company Telefonica says it has made a 6.7 billion-euro ($9 billion) offer to buy Brazilian operator Global Village Telecom, or GVT, from French media conglomerate Vivendi.
A Telefonica S.A. statement Tuesday said the company planned … Read Full Storyread more
PARIS (AP) – Credit Agricole’s second-quarter profit was nearly cut in half as the French bank became the first major foreign shareholder to report its loss in Portugal’s biggest banking scandal.
In its second-quarter earnings report , Credit … Read Full Storyread more