24th Annual Leadership Awards Gala

24th Annual Leadership Awards Gala The Leadership Awards Gala provides critical financial support for PALCUS to carry out our mission to address domestic and international issues directly affecting the Portuguese-American community in the United States. Presentations are made at the annual PALCUS Leadership Award Gala where awardees are recognized for their personal accomplishments as well … Read more

Seis meses de resistência, resiliência e determinação da Ucrânia

Apesar do enorme custo que Vladimir Putin impôs à Ucrânia e ao mundo, as sanções impostas pelos Estados Unidos e os nossos parceiros e aliados estão a provocar danos significativos na economia russa. O dia 24 de agosto assinala o 31º aniversário da independência da Ucrânia. Infelizmente, o dia também marca seis meses desde a … Read more

These Six Cities Are Emerging as New Expat Hot Spots

As Covid lockdowns, political upheaval and soaring costs drive expats from Hong Kong, and rival Singapore raises the bar for imported labor, young professionals looking for adventure and careers abroad are facing a dilemma. Which will be the cosmopolitan hotspots of the future to lure a vibrant international community with high-paid jobs and affordable luxury … Read more

USA triples Portugal investment

Chinese investment through golden visas fell by 60% in the first quarter, compared to the same period in 2021, to 20.7 million euros, according to data requested by Lusa from the Foreigners and Borders Service (SEF). In the first quarter of last year, China led the top 5 by nationalities of the Residence Permit for … Read more

Regal Cinemas Owner Cineworld Considering Bankruptcy

Debt-laden exhibition giant Cineworld is considering bankruptcy after admitting to low admissions, according to reports. The company, which owns Regal Cinemas in the U.S., has hired lawyers from Kirkland & Ellis LLP and consultants from AlixPartners to advise on the bankruptcy process, the Wall Street Journal said, citing people familiar with the matter. “Cineworld is … Read more

Inflation hits 9.4%

Inflation in Portugal exceeded the EU average in July to hit 9.4% from 8.9% in June. This is according to the EU’s statistics department Eurostat which released the inflation figures for the Eurozone. It is the country with the ninth lowest inflation rate of all the Eurozone countries, but nevertheless was still above the European … Read more

ESC Capital sold for €850M

The Portuguese fund ESC Capital that contained assets belonging to the former Espírito Santo Group has been sold to the US fund Davidson Kempner for €850 million. Now awaiting approval from regulators, the news was broken on Friday by Jornal Económico. The sale to DK is likely to be completed by the last quarter of … Read more