Europe News Portugal

  • LISBON, Aug 22- Portugal's government said on Thursday it had picked investors to take part in the next stage of bidding for the Brazilian unit of state-owned bank Caixa Geral de Depositos, which would involve making binding offers. Under the 4 billion euro plan announced in 2017, Portugal's largest bank said it would slash its foreign assets by half by 2020 to no...

  • LISBON, Aug 21- An Irish court granted an injunction on Wednesday to prevent Ryanair's Dublin- based pilots from going on strike, but the airline suffered a setback when a London court just hours later rejected a similar application for its British pilots. The company welcomed the Irish High Court ruling, saying all flights scheduled to depart on Aug. 22 and 23 from...

  • The five-day strike called by Portugal's SNPVAC union is the first of a wave of planned walkouts by unions in Ireland, Britain and Spain. There are no delays or cancellations reported so far at Lisbon, Porto and Faro airports. At the height of the busy summer season, Portugal's government set out a minimum service for Ryanair and its staff to deliver, including a...

  • DUBLIN, Aug 14- Unions representing Ryanair cabin crew in Spain on Wednesday announced plans to hold 10 days of strikes in September unless the Irish airline changes its plans to close several bases in the country. The SITCPLA and USO workers' unions said in a statement they planned to formally lodge notice of strikes on Sept. 1, 2, 6, 8, 13, 15, 20, 22, 27 and 28,...

  • LISBON, Aug 12- Portugal's government ordered striking fuel-tanker workers back to work in some parts of the country on Monday after fuel supplies ran low at locations including Lisbon airport despite measures to counter the impact of the walkout. The government adopted the legal measure after Prime Minister Antonio Costa said the situation had changed...

  • LISBON, Aug 11- The Portuguese government imposed fuel rationing at petrol stations on Monday as fuel-tanker drivers started a strike and it promised to prevent the labour action from paralysing the country at the height of the tourist season. A strike in April was Portugal's worst outbreak of industrial unrest in years. The National Hazardous Materials...

  • LISBON, Aug 10- Portugal's fuel-tanker drivers voted on Saturday to strike from Monday for an indefinite period, raising fears about the impact on the country's tourism-dependent economy during the busy summer season. "Our members spoke," Francisco Sao Bento, president of the National Hazardous Materials Drivers' Union, told reporters after the strike vote by...

  • LISBON, Aug 10- Portugal's fuel-tanker drivers are set to go on strike from Monday for an indefinite period, their union confirmed, raising fears about the impact on the country's tourism-dependent economy during the busy summer season. "Our members spoke," Francisco Sao Bento, President of the National Hazardous Materials Drivers' Union, told reporters on...

  • *Irish pilots set to join strikes in Britain and Portugal. DUBLIN, Aug 9- Ryanair's directly employed pilots in Ireland on Friday voted in favour of industrial action unless pay demands are met swiftly, with Spanish pilots also threatening to join growing unrest at the airline. Ryanair managed to quell the disputes by reaching deals with many unions in Europe on...

  • LISBON, Aug 9- Portugal's government is set to ration fuel for the public and take special measures to ensure supplies to hospitals and airports in preparation for a planned strike by tanker drivers. The government's decision on Friday to declare an energy crisis indicates it expects negotiations between drivers and their employers to fail and that an...

  • *Irish pilots set to join strikes in Britain and Portugal. DUBLIN, Aug 9- Ryanair's directly employed pilots in Ireland on Friday voted in favour of industrial action unless pay demands are met swiftly, with Spanish pilots also threatening to join growing unrest at the airline. Ryanair managed to quell the disputes by reaching deals with many unions in Europe on...

  • LONDON, Aug 8- Euro zone bond yields edged up on Thursday, a day after pushing borrowing costs to record lows amid growing fear that the world economy is heading for a recession. That followed days of growing anxiety over escalating U.S./ China trade tensions. Washington on Monday branded Beijing a currency manipulator for the first time since 1994 after China...

  • DUBLIN, Aug 7- Members of Ryanair's British pilot union voted on Wednesday in favor of strike action later this month in a dispute over working conditions, the British Airline Pilots Association said. According to the union, there will be a two-day strike from Aug. 22, and a second strike from the early hours of Sept. 2 until just before midnight on Sept. 4.

  • DUBLIN, Aug 7- Members of Ryanair's British pilot union voted on Wednesday in favour of strike action later this month in a dispute over working conditions, the British Airline Pilots Association said. According to the union, there will be a two-day strike from Aug. 22, and a second strike from the early hours of Sept. 2 until just before midnight on Sept. 4.

  • LISBON, Aug 7- Ryanair has decided to close its base at Faro International Airport in southern Portugal from next year with the loss of at least 120 jobs, the SNPVAC cabin crew union, which had called a strike for Aug. 21-25, said on Wednesday. The timing "appears at least strange as it comes within days of our calling a strike in Portugal and as the company is telling...

  • LISBON, Aug 7- Ryanair has decided to close its base at Faro International Airport in southern Portugal from next year with the loss of at least 120 jobs, the SNPVAC cabin crew union, which had called a strike for Aug. 21-25, said on Wednesday. The budget airline told the union the decision to close the base, which operates 10 aircraft in summer, was part of wider planned...

  • DUBLIN, July 29- Ryanair may have to curb its growth plans further if Boeing's schedule for returning the 737 MAX jet to service continues to slip, the airline said after reporting a sharp profit fall in the first half of its key summer period. Europe's largest low-cost carrier reported post-tax profit down 21% year on year at 243 million euros in the three months...

  • The seal of the International Monetary Fund(IMF) is seen outside of the headquarters building in Washington, DC on April 8, 2019.

    The next head of the International Monetary Fund (IMF) will have to deal with trade wars, currency manipulation and new digital currencies, a strategist told CNBC Monday.

  • Backed by investors such as China's Fosun International Ltd and private equity firms General Atlantic LLC, Advent International and Warburg Pincus LLC, the newcomers have already lured more than 10% of the 2.98 trillion reais invested by Brazilians in local mutual funds, stocks and bonds. "We expect the banks to be threatened by fintechs mainly in fee-based...

  • *UK and Germany are weakest markets. Average summer fares at Europe's largest low-cost carrier will likely fall by 6% compared to last year, as airlines cut prices to stimulate demand, particularly in Germany and the United Kingdom, the airline said. Ryanair's shares were up by 1.2% at 0845 GMT, having almost halved in value in two years as the Dublin- based airline...