EGYPT-LIBYA BORDER, March 18 (Reuters) – Supporters of
Libyan rebels celebrated a U.N. resolution authorising a
“no-fly” zone and military attacks on Muammar Gaddafi’s forces,
after the Libyan leader said he would crush the revolutionaries.
But after waiting weeks for the West to act on rebel pleas
to ground Gaddafi’s warplanes and stop an offensive that has
retaken swathes of once rebel-held territory, Libyans who have
fled the country in terror said they wanted to see action.
LISBON (Reuters) – A distinguished academic as well as a veteran politician, Portuguese President Anibal Cavaco Silva casts himself as a calm, steady and wise captain as his country weathers an economic storm.
Elected for a second five-year term on Sunday, his skills will swiftly be put the test even though his position is largely ceremonial.
LISBON (Reuters) – Portuguese President Anibal Cavaco Silva won a second term in an election on Sunday, television exit polls showed, a result that should ensure short-term political stability as the government fights to avoid an international financial bailout.
The country’s leading television stations — SIC, RTP and TVI — put Cavaco Silva’s share of the vote at around 55 percent compared with about 19 percent for Manuel Alegre of the ruling Socialists, his closest competitor in a field of six.
LISBON, Jan 19 (Reuters) – Prime Minister Jose Socrates’ won
breathing space in his fight to avoid a bailout for debt-laden
Portugal on Wednesday with a successful treasury bill auction in
which the country’s borrowing costs fell.
Demand was strong for the 750 million euros of T-bills and
the 12-month yield, the rate which the borrower pays, fell to
4.029, down from 5.281 percent in a similar auction last month.
LISBON (Reuters) – Portugal has often been overshadowed by its bigger, brasher neighbor Spain on the Iberian peninsula.
The two countries’ history and culture are entwined as well as their commercial interests.
LISBON (Reuters) – Debt-ridden Portugal suffered another blow on Wednesday in its fight to avoid an international bailout when borrowing costs rose sharply in a government Treasury bill auction.
All the 500 million euros in 12-month T-bills on offer in the auction were sold. But yields rose to a euro lifetime record of 5.281 percent up from 4.813 percent two weeks ago, demonstrating sagging investor confidence in the Iberian nation now in the frontline of the euro zone debt crisis.
LISBON, Nov 30 (Reuters) – Portugal’s central bank said on
Tuesday the country’s banks faced an “intolerable risk” unless
the government manages to bring its public spending under
control as it struggles to combat a debt crisis.
The Bank of Portugal report spelled out a tricky scenario
for the banks as concerns grew in markets over the nation’s
prospects of avoiding a bailout and thus becoming the next
domino to fall in the euro zone.
LISBON (Reuters) – As Portugal struggles through an economic crisis, a mood of “saudade” is gripping many of its people.
The sentiment is a national characteristic — a feeling of melancholy and resignation and a nostalgia for a past that always seems better than the present. “Saudade” is an essential element of fado, the mournful songs played in the bars of Lisbon’s Bairro Alto at night.
LONDON (Reuters Life!) – Problems with passports scuppered producer Nick Gold’s first attempt to bring together Cuban and Malian musicians to record in Havana 14 years ago.
But the album that did emerge from sessions by the Cubans who had been left bereft became one of the music phenomenons of recent times — the Buena Vista Social Club.
LONDON (Reuters) – Pressure mounted on Iranian President Mahmoud Ahmadinejad at home and abroad on Tuesday as his government’s disputes with the West deepened.
Veteran politician Akbar Hashemi Rafsanjani criticised Ahmadinejad for failing to counter the impact of economic sanctions, the latest sign of division in Iran’s ruling elite.