Joel Achenbach: We’re staying bluffside on what I believe is the Atlantic Coast of Portugal. It looks like the Mediterranean to me but the salinity, sparkle and seaweed flavor, and in particular the crunchiness of the barnacles, tell me it’s the Atlantic.
The European Central Bank (ECB) still plans to take action to combat the problem of low and falling inflation despite holding off and disappointing markets over the past few months, Portugal's finance minister told CNBC.
Portugal's government defined on Tuesday savings measures worth 1.4 billion euros, or 0.8 percent of gross domestic product, needed to slash the budget deficit next year and promised to abstain from tax hikes as well as further wage and pension cuts.
Greece's success in tapping markets on Thursday raise the chances that Portugal will not need a precautionary credit line when it exits the euro zone bailout in mid-May, the head of euro zone finance ministers, Jeroen Dijsselbloem, said on Friday.
Fitch Ratings upgraded the outlook on Portugal's credit rating to 'positive' from 'negative' on Friday, citing the good progress the country has made in reducing the budget deficit. The ratings were affirmed at 'BB+'.
Sometimes you gotta make the most of a not-so-great situation. Take three enterprising (and out of work) architects in Porto, the second-largest city in Portugal, a country which has been hit hard economically these past few years. They have created the 'Worst Tours' of the city to highlight the -- shall we say -- more depressing side of town.
Portuguese company Ynvisible created Printoo kits to get flexible, thin electronics out of laboratories and into the hands of makers. It is offering a series of modules on Kickstart as of today that can do just about anything.
Known as the 'Engineer' in his native Portugal for his university education and careful planning, Fernando Santos has lived up to that reputation in Greece since taking over as coach of the national football team.
One of five Brazilian footballing brothers, Washington Alves travelled to Portugal in the 1970s and became the father of three more players, one of whom, Bruno, will play for the Portuguese at Brazil 2014.