Business

Via News interviewed Thorsten Terweiden, Deputy Head of Fintech for InvestHK, at MoneyConf Madrid about Hong Kong's fintech investment opportunities and their dedicated teams in London and San Francisco.

Web Summit CEO Paddy Cosgrave announced MoneyConf would move to Dublin, citing Brexit's transformation of the city as a financial center. "JP Morgan is moving up to 1,000 bankers to Dublin from London," he noted.

The IMF's April 2017 Global Financial Stability Report illustrated the UK's deep financial linkages with the EU, highlighting potential Brexit implications for Britain's finance industry.

Portugal's budget deficit fell to 2.1% of GDP in 2016, the lowest since 1974, according to the National Statistics Institute. The European Commission recommended ending Portugal's Excessive Deficit Procedure after nearly 8 years.

Portugal approved stricter regulations for short-term rentals effective July 1, 2017. Properties listed on Airbnb, Booking, and similar platforms must register with the national tourism authority or face sanctions.

Isabel Neves, president of Lisbon Business Angels Club and Shark Tank Portugal investor, discussed women in business and entrepreneurship. "Shark Tank is a great moment for me because I can show what I do, what I love."

Business mentor Sergio Gonçalves advised entrepreneurs at the Lisbon Business Angels Club: "It's better to do it rather than aim for perfect." About 30% of event attendees were investors.

Adweek Editorial Director James Cooper spoke with Via News at Web Summit 2016 about media entrepreneurship. "Pretty much everybody has to have a little bit of that entrepreneurial zeal in order to be competitive," he said.

Via News interviewed Miguel Henriques, president of Portugal's Business Angels Federation (FNABA), about angel investing and entrepreneurship. "Entrepreneurs have to be very resilient," he said at the Lisbon Business Angels Club anniversary.

Zeta Global CEO David A. Steinberg spoke with Via News at Web Summit 2016, calling Trump "one of the greatest marketing geniuses in history" for tapping into disenfranchised voters who felt unheard.

Via News interviewed Luis Caixado, co-founder of JustEnjoy, at Web Summit 2016 in Lisbon. The startup delivers curated toy boxes to hotels for families with children aged 3-8, helping them explore the city.

Via News interviewed Pedro Oliveira and José Paiva, co-founders of Landing.jobs, a leading European tech jobs marketplace with offices in Lisbon and London. The startup takes a human approach to connecting tech talent with employers.

The OECD published a report on April 27, 2016 warning that Brexit would cause a 3% GDP drop by 2020 and 5% by 2030, costing UK households up to £3,200 annually. The report called it "a major negative shock" with fallout across Europe.

The International Consortium of Investigative Journalists denied requests from Portuguese tax authorities and other national agencies to reveal Panama Papers data. "We are investigative journalists, not the armed arm of the State," ICIJ stated in response.

Negotiations between Novo Banco and potential buyers Apollo, Anbang, and Fosun collapsed in September 2015, with Fosun's final €1.5 billion offer falling short of Banco de Portugal's expectations. The sale was postponed until after Portugal's national elections.

Chinese brokerage Haitong Securities completed its €379 million acquisition of Novo Banco's investment banking arm (BESI) on September 7, 2015. The deal was approved by the Bank of Portugal and the European Commission.

Netflix co-founder Reed Hastings announced in an August 2015 interview with Portuguese daily Expresso that the company would open its Southern European support center in Lisbon, serving French, Italian, Spanish, and Portuguese customers.

The Eurogroup approved Greece's third bailout package of €86 billion on August 14, 2015. Greek Finance Minister Euclid Tsakalotos confirmed depositors' money would be protected from bail-in, while the IMF maintained that Greek debt remains "highly unsustainable."