Economy

Chinese demand breaks Petrobras fuel oil sales record

Brazilian oil company Petróleo Brasileiro SA (Petrobras) sold 1.11 million tonnes of fuel oil last month, 231 percent more than a year earlier and the most in any month yet, BNAmericas reports, quoting Petrobras Chief Executive Roberto Castello Branco. The business…
Economy

Lifeline to small businesses: Will it work?

Zhao Kai, boss of a small advertising business in Shanghai, has been struggling to keep afloat in the aftermath of the coronavirus epidemic. He has had to reduce two full-time employees to half-time work, leaving himself the only one working full time. “My business…
EconomyPortugal

Deconfiguration: demand for holiday homes increases 308%

Since Portugal entered the deconfiguration phase, due to Covid-19, the search for holiday homes has increased by 380% in OLX. Since Portugal entered the stage of deconfiguration, in early May, due to the Covid-19 pandemic, the search for holiday homes has risen about 308%…
Economy

Multicaixa Express helps Angolans stay home

Multicaixa Express (MCX) is an interbank payment channel, made available by the Empresa Interbancária de Serviços (EMIS) that allows the association of several multicaixa cards, with the help of the mobile phone number. In this phase of the Covid-19 pandemic, Multicaixa…

State reduces presence in mining activity

The National Diamond Company (Endiama) officially lost its concessionaire role, within the framework of the new Governance Model of the Mining Sector, published, Tuesday, in Diário da República. The public company, which, in addition to being an operator, acted as an…
Economy

Angola records 269 investment bids since 2018

Angola’s Private Investment and Export Promotion Agency (AIPEX) received 269 private investment bids between August 2018 and April 2020, which have helped create nearly 19,000 jobs, the AIPEX’s statistical office said on Wednesday. The investment proposals…
Portugal

Sonae. Provisions due to covid lead to losses of 59 million by March

Covid-19 pandemic led the group to record non-cash contingencies of 76 million euros in the quarter, taking Sonae to the negative. Provisions made to guard against the effects of the Covid-19 pandemic on the operation led Sonae to negative in the first quarter. The group…
ChinaEconomy

I am the real Portugal-China Chamber of Commerce

Y-Ping-Chow, president of the League of Chinese in Portugal, founded a new Portugal-China Chamber of Commerce and opened a verbal war with the former Luso-Chinese Chamber of Commerce and Industry, created in 1977. The war in the market of economic relations between…
Portugal

"Support measures didn´t arrive yet."

Afonso Camões, administrator of the Global Media Group, was received in Belém as part of the round of meetings with the media groups promoted by the PR. The media support measures announced by the Government in April have not yet reached the companies, nor does the…