In a statement, Softbank-backed 2TM, which runs Latin America’s biggest cryptocurrency exchange Mercado Bitcoin said, it will acquire a controlling stake in Lisbon-based crypto exchange CriptoLoja. 2TM declined to disclose the terms of the purchase saying the deal is pending… Read More ›
Portugal
Unrestricted travel between Britain and Europe possible from July onwards: Ryanair’s CEO
Despite Britain’s move to curtail travel, Ryanair’s CEO said, he was optimistic about the possibility of an unrestricted travel between Britain and Europe from July onwards. “When people are travelling in July and August there will be no restrictions on… Read More ›
Toyota extends factory shutdown in Europe till April 20
On Monday, Toyota Motor Corp said, it will be extending a suspension of production at its factories in Europe with the exception of Russia until further notice. A restart of operations could potentially start after April 20. Following the Wuhan… Read More ›
BNP Paribas to cut 500 jobs in France over the next 3 years
The job cuts will be routed through voluntary redundancies with employees having the option to relocate to other posts in Portugal. In a statement, BNP Paribas disclosed, it would cut nearly 500 jobs in France from its securities services business…. Read More ›
Altice NV to spinoff US business, simplify operations
Analysts view the move as largely benefiting the conglomerate since it essentially assigns economic values to two distinct business verticals, de-linking its European operations with that of its U.S. business and at the same time boost liquidity. In a strategic… Read More ›