Portugal’s prime minister Antonio Costa. Photographer: Thierry Monasse/Getty Images/Bloomberg

Portugal’s special brand of socialism, sometimes called “the fourth way”, appears to be running out of road. As the second wave of the coronavirus pa(...)

Former CFO  of Allied Irish Bank Mark Bourke. Photograph: Reuters/Clodagh Kilcoyne

Portuguese lender Novo Banco, where former AIB chief financial officer Mark Bourke took over as finance head earlier this year, has agreed to sell alm(...)

 Angolan businesswoman Isabel dos Santos,  daughter of outgoing Angolan president Jose Eduardo dos Santos, and her husband Sindika Dokolo. Dos Santos has acquired big stakes in Portugal’s banks and other businesses. Photograph: Fernando Veludo/AFP/Getty Images

How the roles have reversed: The coloniser, some Portuguese contend, has been colonised. On the Portuguese coast of Cascais, where the nation’s royal (...)

Panoramic view  of Lisbon

With a population of 2.7 million Lisbon is not the largest of EU capitals and it keeps a relatively low profile, but lately it has been making a name (...)

During the trial, Mr Ashley claimed that he couldn’t “remember the details of the conversations” in the pub as he had consumed “four or five drinks in the first hour” and that any discussion over a bonus was merely “banter” on a “drink-fueled, fun night.”

Mike Ashley, the billionaire owner of Sports Direct, won a court ruling denying a former employee’s claim that the retail tycoon made a legally bindi(...)

The rescue of Novo Banco has prompted several court cases involving stakeholders. Photograph: iStock

Portugal’s central bank has chosen US private equity firm Lone Star as the leading candidate to buy Novo Banco, the bank which was carved out of colla(...)

A man walks past an office of the Portuguese bank Novo Bank (New Bank) in Lisbon.

Portugal’s central bank has effectively imposed losses of nearly €2 billion on senior bondholders in Novo Banco, the ‘good bank’ that emerged in last (...)

The auction of the “good bank” created from the wreckage of Banco Espírito Santo has turned into a shootout between Anbang Insurance and Fosun International, two acquisitive Chinese rivals. Photograph: Hugo Correia/Reuters

Portugal’s Novo Banco is set to fall into Chinese hands in a more than €4 billion deal that would be the biggest European financial services acquisiti(...)

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(...)

Lisbon, Portugal: the Lisbon-based central bank is not identifying interested entities at this stage. Photograph: Steven Governo/AP

The sale of Novo Banco, the lender that emerged from the breakup of Portugal’s Banco Espirito Santo, has drawn interest from 17 entities after firms i(...)

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