Scorcher summers predicted for Europe: studyEurope is headed for scorching summers with temperatures well over 40 degrees Celsius (104 deg Fahrenheit) and droughts in the south within the next 40 years, climate scientists said Friday.
4 Kazakhstan crews start Dakar Rally 2014Four Astana Motorsports crews from Astana Presidential Sports Club have started the Dakar Rally 2014, the annual off-road race.
Crisis what crisis? Portugal's richest get richerPortugal may be mired in a debt crisis, but its 25 richest people got 16 percent wealthier in 2013, with fortunes equivalent to nearly 10 percent of the country's GDP, rankings published Thursday showed.
Voters reject Portugal austerity policies in local electionsPortugal's opposition Socialists inflicted a stinging defeat on the Social Democrats in local elections as voters displayed their frustrations at the government's austerity measures.
Firefighters battle wild blazes in Portugal Firefighters battled wildfires on Friday in Portugal where they have claimed five lives and tamed another major blaze in northern Spain.
Portugal 'should leave euro': best-selling economist A Portuguese economist, whose book "Why We Should Leave the Euro" has become a rapid best-seller, says it is only a matter of time until his crisis-wracked country leaves the troubled currency.
04 June 2013
Brussels expected to up pressure for economic reformThe European Commission is expected on Wednesday to increase the pressure on several countries, particularly France, to speed up structural reforms seen as the only reliable way to boost growth and job creation.
Portugal to take two banks to court over swap deals Portugal said Friday it will take banking giants JP Morgan and Santander to court to make them renegotiate deals that have left state-run companies paying hefty interest rates.
28 April 2013
Euro ministers in bid to finalise Cyprus bailout Eurozone and EU finance ministers meet in Dublin from Friday to finalise the Cyprus bailout and consider extending debt repayment dates for Portugal and Ireland.
12 April 2013
With back against wall, Portugal pushes on with austerity Despite the risk of aggravating the recession and unemployment, Portugal's government is wagering that following the austerity prescribed by its creditors will help it regain market confidence and avoid a second bailout.
10 April 2013
Portugal PM announces severe spending cuts Portuguese Prime Minister Pedro Passos Coelho called for severe cuts in public spending after a court rejected a number of austerity measures.