Former Portuguese PM and United Nations High Commissioner for Refugees, Antonio Guterres, set to become the next UN Secretary-General. All 15 ambassadors of the United Nations Security Council unanimously nominated Antonio Guterres to be the next Secretary-General. Guterres won 13 votes in his support and two abstentions, with zero votes against him. In a formal…
Landing.jobs is a tech jobs marketplace with a human approach to recruitment and aims to increase efficiency between job openings and talent. We met with the founders, Pedro Oliveira and José Paiva, to understand how they managed to come up with a leading European tech jobs marketplace. Miguel Carvalho: Landing.jobs is now leading in the…
Portuguese business daily “Diario Economico” has left the newspaper stands. They have ceased printing its newspaper and became a digital-only publication. The paper has long been going through severe financial difficulties. Its director, Gonçalo Faria de Carvalho, announced the “suspension of the paper edition.” The last printed edition is hitting the stands today with a…
Right-wing coalition party (PSD-CDS) won the 2015 legislative elections. Voters seem to choose continuity, by electing the current government who successfully ended the country’s bail-out period. The coalition reelection got a 4.5% advantage over the runners-up Partido Socialista. Only this time, unlike the first mandate, left-wing is now the majority in parliament. Portugal has no…
The Portuguese parliamentary elections will take place next Sunday with the most recent poll pointing to an above 30% abstention rate and the current austerity government reelection. The very last Portuguese parliamentary election poll has the conservative party ahead by up to 5% over the runners-up the left-wing socialist party. Today’s prime minister Passos Coelho…
Negotiations have failed between Novo Banco and its buyers Apollo, Anbang, and Fosun. Rumors seem to indicate Banco de Portugal to re-enter negotiations with Apollo before the final decision to postpone the sale to 2016. The last standing bid offer from the Chinese Fosun company was 1.5 billion Euros ($1.7 billion) that was about half…
Yesterday, Haitong bought Novo Banco investment bank for last December’s agreed value of 379 million Euros ($425 million). Last December’s talk between Novo Banco and the Chinese brokerage Haitong Securities Ltd company closed with a possible future sale of the BES Investment Bank for 379 million Euros ($425 million). The sale has since then been…
Marc Randolph and Reed Hastings co-founded Netflix in 1997 and built the company to today’s 65 million subscribers. They are now one of the most successful on-demand Internet streaming media services in the world. Reed Hastings, in an Interview to the Portuguese daily “Expresso”, said the new support center for the South European region to…
The Banco de Portugal, the institution regulating the Novo Banco sale, was hoping for higher bids, but only got Apollo to raise their offer. According to Banco de Portugal, out of the three contenders, only the American Apollo company increased the bid for the “Novo Banco” buyout. The two other Chinese competitors, Fosun, and Anbang…
