Business
Lufthansa wins tender for up to 49.9% of TAP Air Portugal in 1.2 billion euro deal
Portugal's government chose Lufthansa over Air France-KLM for up to 49.9% of TAP Air Portugal, a first-phase proceeds figure of 1,201 million euros, with completion expected in early 2028.
21 hours ago
Photo: N509FZ, CC BY-SA 4.0 (Wikimedia Commons, cropped)
Macro
Irish presidency proposes 8% cut to Commission's 2028-2034 EU budget plan
The revised framework totals 1.62 trillion euros and saves 141 billion euros against the Commission's initial proposal, with cohesion and agriculture taking the smallest reduction. The Commission criticised the cuts, and Portugal's prime minister said his country is not in a position to be optimistic.
October 10