Portugal’s economy minister António Pires de Lima. Photograph: Patricia de Melo Moreira/AFP/Getty Images

Just over a year after Portugal Telecom announced a planned merger with Brazil’s Oi, which aimed to create a leading global brand, both firms have bec(...)

Portuguese prime minister Pedro Passos Coelho: ‘At times when it is difficult to govern there is always a price to pay.’ Photograph: Reuters/Hugo Correia

The party of prime minister Pedro Passos Coelho suffered its worst defeat in Portuguese municipal elections in more than two decades on Sunday, as vot(...)