EconomyMacao

Macau: Casinos' future entails lower profits

Gambling experts told Lusa on Sunday that the casino industry in Macau would have to get used to living with lower profits, even in a future without the restrictions and impact caused by the Covid-19 pandemic Alidad Tash, chief executive of specialist gambling…
World

Putin says gas giant Gazprom to fulfil obligations 'in full'

Russian President Vladimir Putin Tuesday said gas giant Gazprom will fulfil all its obligations “in full” and mocked the West for relying on green energy. “Gazprom has fulfilled, is fulfilling and will fulfil its obligations in full,” Putin told…

Court battle to open in Musk, Twitter buyout fight

Elon Musk and Twitter will face off Tuesday in the first court hearing over the Tesla chief’s move to abandon their $44 billion buyout deal, a case with massive stakes for both sides. Twitter wants a judge to force Musk to complete the purchase, which he is trying…
Angola

Angola: Domestic oil third most expensive in world in June

Angola’s oil was the third most expensive in the world among 13 crudes from members of the Organisation of Petroleum Exporting Countries (OPEC), only surpassed by Algeria and Equatorial Guinea According to OPEC’s monthly report published this week, among the…
ChinaEconomy

“Zero covid” may reduce foreign investment in China

Foreign Direct Investment (FDI) in China is expected to fall in the coming years as the country insists on a ‘zero cases’ strategy of covid-19, predicted the analysis unit of the magazine The Economist. The Economist Intelligence Unit (EIU) ruled out, however…
EconomyPortugal

Portugal resumes "golden visas" policy

Applications for “golden visas” in Portugal have resumed and several new requests of Residency Permit for Investors (RPI) have been submitted, after a break of five and a half months. Data released by SEF on Monday indicate that investment captured through…
Economy

Ukraine begins electricity exports to EU

Ukraine has started exporting electricity to the European Union, via Romania, President Volodymyr Zelensky said, as Russia reduces gas supplies to the bloc which is supporting Kyiv in resisting Moscow’s invasion. Several European countries, including Italy and…