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Storms Tear Roof Off Airport

AP | Posted 12.25.2011 | Travel

Associated Press LISBON, Portugal -- Authorities say a nighttime storm tore part of the roof off Faro airport in Portugal's southern Algarve region...

Port Wine Industry Struggles, Remains Optimistic

AP | By BARRY HATTON | Posted 12.23.2011 | Home

PINHAO, Portugal -- When Dominic Symington looks out from his shady hillside garden across the vineyards of Portugal's majestic Douro Valley, he sees ...

No More Mr. Nice Guy -- Europeans Force Vote on Syria at UN

Evelyn Leopold | Posted 12.05.2011 | World
Evelyn Leopold

Tuesday's proceedings showed divisions among Security Council members severe enough to be uttered in an open session. They also pointed to a future deadlock on Middle East issues as well as human rights violations elsewhere in the world.

Opportunities for Youth Will Rejuvenate Society and Boost the Economy

Dag Detter | Posted 12.04.2011 | Business
Dag Detter

How do we make pathway for young to be part of and help create this brave new world? A world where merit and not age, color of your skin or connections give you the opportunity to work?

Timor-Leste Beauty

Howard Steven Friedman | Posted 12.02.2011 | World
Howard Steven Friedman


Captured Fugitive Claims He Has New Identity

AP | By BARRY HATTON | Posted 12.02.2011 | Crime

By BARRY HATTON, Associated Press LISBON, Portugal -- Captured American fugitive George Wright will claim a new identity to prevent the U.S. from e...

The Euro Crisis Is Serious but Not Lethal

Georges Ugeux | Posted 11.29.2011 | World
Georges Ugeux

The solution is in Europe, not in Washington or Beijing. Europe cannot continue to act irresponsibly and must assume its responsibilities to avoid a global crisis.

Fugitive Hijacker Hid In Idyllic Portugese Hamlet

AP | BARRY HATTON | Posted 11.28.2011 | World

ALMOCAGEME, Portugal — He lived the sweet life for decades. But nobody knew he was on the run. After breaking out of a New Jersey prison 41 year...

After More Than 40 Years On The Run, Fugitive Behind 1972 Airplane Hijacking Caught In Portugal

AP | SAMANTHA HENRY | Posted 11.27.2011 | Crime

NEWARK, N.J. — A 1970s militant who escaped from a murder sentence in New Jersey and carried out one of the most brazen hijackings in U.S. histo...

Debt Crisis Poses Challenge To European Unity

AP | By GABRIELE STEINHAUSER | Posted 11.17.2011 | Business

WROCLAW, Poland -- The latest backdrop for European financial crisis talks was Wroclaw, Poland – or Breslau, as the picturesque city on the Oder...

How Did European Banks Trap Themselves in a Replay of the 2007 Crisis?

Georges Ugeux | Posted 11.08.2011 | Business
Georges Ugeux

At a conference in New York at the end of 2008, Obama's economic advisor, Larry Summers made a prophetic remark at an event organized by the Economist.

Free Trade is Making America the New Portugal

Ian Fletcher | Posted 11.01.2011 | Business
Ian Fletcher

America doesn't need to cut itself off from the world entirely, but it does need to get wise to the fact that the rest of the world views trade (correctly) as an arena of national rivalry, and start playing the game.

Andrew McCarthy: Village vs. Bull

Andrew McCarthy | Posted 10.22.2011 | Travel
Andrew McCarthy

The beast charges at anyone foolish enough to run past and taunt him. As it turns out, many are.

European Central Bank Spends Billions On Government Bonds

AP | DAVID McHUGH | Posted 10.22.2011 | Business

FRANKFURT, Germany — The European Central Bank spent euro14.3 billion ($20.6 billion) last week buying government bonds to protect large economi...

Europe: Lacking a Long-Term Solution

Gemma Godfrey | Posted 10.14.2011 | Business
Gemma Godfrey

Over the last few days we have seen a tremendous amount of volatility in the markets, epitomizing the lack of clarity with which many investors have struggled.

GRAPHIC: How Often Are Heavily-Taxed Countries Considered Thriving?

The Huffington Post | James Sunshine | Posted 10.05.2011 | Business

With a marginal income tax rate of over forty percent, the U.S. comes in as the fifteenth most heavily-taxed nation in the world, according to an info...

Deaths in Syria Too Brutal for UN Council to Stay Silent

Evelyn Leopold | Posted 10.04.2011 | World
Evelyn Leopold

As the Syrian military killed more and more people, all 15 members of the U.N. Security Council for the first time condemned the government's use of force against civilians and its gross violations of human rights.

WATCH: Portuguese Town Gets Tilt Shift Treatment

Posted 10.15.2011 | Travel

The Portuguese city of Obidos has seen more than its fair share of history since its Roman days, but as the delightful video below shows, a few cars a...

ECB Willing To Allow Greek Default, Temporarily, As Part Of Deal

Posted 09.20.2011 | Business

BERLIN/BRUSSELS (Gernot Heller and Luke Baker) - The European Central Bank is willing to let Greece slip into temporary default as part of a crisi...

Portugal: When Heroin Was King

Danna Harman | Posted 09.18.2011 | World
Danna Harman

It often seems the Portuguese experiment is something of a Rorschach test -- in the dark blobs on the page, people can see whatever they want to see.

Credit Rating Agencies Could Be Losing Grip On Financial Markets

Posted 09.17.2011 | Business

LONDON (Sinead Cruise and Tommy Wilkes) - Some of the world's largest asset managers are cutting ties to credit rating agencies, potentially signa...

Simon Johnson: Europe's Three Forms Of Contagion

Bloomberg | Simon Johnson | Posted 09.17.2011 | Business

There are three types of contagion in a financial crisis, when the potential collapse of a firm, bank or country threatens to spiral out of control. T...

U.S. Consumers Now Less Confident Than At Height Of Global Recession

Posted 09.16.2011 | Business

LONDON (Susan Fenton) - Global consumer confidence fell in the second quarter to its lowest level in a year and a half as an uncertain economic ou...

Reforming Sovereign Ratings: An Urgent and Complex Undertaking

Georges Ugeux | Posted 09.14.2011 | Business
Georges Ugeux

Rating agencies are in an inextricable situation when it comes to sovereign ratings. On the heels of their near-collapse of structured products, they must confront the issue of the credibility of sovereign ratings in a holistic way.

If Europe Is a Bellwether for America: Economic Ruin... Comin' Right Up!

The Relentless Conservative | Posted 09.14.2011 | Politics
The Relentless Conservative

There is a real, proven dynamic indicating that what happens in Europe tends to make its way over here. It's not at all like Las Vegas.