-
Amaze Holdings (NYSE: AMZE) Executes Binding LOI to Acquire BullionFX | Alchemy, a Decentralized Gold-Backed Financial Ecosystem for Valued at US$155 Million
-
Vana Completes Expanded Staking as Part of the Vega Upgrade, Publishes Expanded VANA Token Economics
-
Clashes between French teens, police as school blockades intensify
-
Spain to cap gas price hikes, extend fuel discounts
-
Stocks move sideways despite oil moving lower
-
'We just need rain': Germany's Rhine river hits new low
-
African leaders to gather in Egypt for business summit
-
Yemen health system at 'breaking point': WHO
-
UK decides against charging foreign visitors for museums
-
Ireland undecided on second Israel match: coach
-
Dallaglio to sell England World Cup winners' medal
-
France's Le Pen defiant after top ally hit by antisemitism claims
-
Brazil come from behind to beat Australia 4-2 in friendly
-
Tom Cruise trades stunts for satire as toxic tycoon 'Digger'
-
Ruthless An retains Asian Games badminton crown as Kunlavut triumphs
-
MEXC Unveils "WE SEE YOU" Brand Visual Refresh, Putting People Behind Every Trade in Focus
-
Alonso to stay with F1 team Aston Martin in 2027
-
Thai capital cleans up after deadly floods
-
China badminton 'still strong' despite Asian Games slump
-
NATO, EU allies rally to Estonia after 'sabotage' blamed on Russia
-
'Exceptional' Turner painting shown in Rome before sale
-
Families demand justice for Cameroon's 'nightmare' wave of murdered women
-
European stocks climb as oil dips
-
Tebas says Man City should face 'most severe' sanctions if guilty of rule breaches
-
Spain aims to ban evictions until 2030 amid housing protests
-
Pochettino calls Man City success 'a period of deception'
-
Kunlavut first Thai man to win Asian Games badminton singles gold
-
Settler attack on West Bank village injures Israeli forces, drawing rare rebuke
-
French far right says antisemitism claims part of 'total war' to derail presidency bid
-
Mystery over UK airbase scare after reports no explosives found
-
'Gift from God': Rain brings relief from Indonesia toxic haze
-
Spanish govt races to adopt housing law under protest pressure
-
Ex-world snooker champion jailed for 7 years for child sex crimes
-
Estonia slams Russian 'sabotage' after arson attack on defence company
-
French teens clash with police as school blockades intensify
-
Slovenia sees surge in '.si' sites after Trump hypes 'super intelligence'
-
FIFA accuses UEFA of 'misinformation campaign' in bid for World Cup papers
-
'Like a dream' for An as Games organisers 'sorry' for latest mix-up
-
Myanmar airstrike toll hits 50 as families gather dead
-
Tokyo suffers longest streak of rainy days on record
-
STARTRADER Raises Lloyd's of London Client Fund Insurance to USD 30 Million in Aggregate
-
Indonesia charges train driver over crash that killed 16 women
-
North Korean DMZ landmine blasts 'violation of armistice': Seoul
-
Ruthless An makes history to retain Asian Games badminton crown
-
Sabalenka 'fresh' for first tournament since losing No.1 spot
-
Australian central bank lifts key interest rate to 15-year high
-
Myanmar airstrike death toll rises to 50: aid workers
-
Polo makes landfall in Mexico as Category 3 hurricane
-
North Korean DMZ landmine blast 'violation of armistice'
-
South Korea team latest to be bussed to wrong Asian Games venue
Portugal's Socialists re-elected with majority
Portugal's ruling Socialists unexpectedly won an outright majority to govern solo after snap elections on Sunday that also saw the far right make huge gains.
The results pave the way for a stronger government under Prime Minister Antonio Costa as the country tries to boost its tourism-dependent economy, which has been badly hit by the pandemic.
A stable government is crucial for Portugal to make the most of a 16.6 billion euro ($18.7 billion) package of European Union recovery funds it is due to receive by 2026.
Costa, 60, had previously relied on two far-left parties to underpin his minority Socialist governments since 2015.
The Socialists took 117 seats in the 230-seat parliament, up from 108 in the outgoing assembly.
Despite predictions of a tight race, the main opposition centre-right PSD party landed 71 seats.
Four seats still need to be attributed in the coming days with the results of votes cast abroad, but in 2019 the Socialists obtained two of those.
"An absolute majority is not absolute power, governing alone...it is increased responsibility," Costa told supporters at his party's campaign headquarters.
"The conditions have been created to carry out investments and reforms for Portugal to be more prosperous, fairer, more innovative."
The results bucked the trend of declining fortunes for Socialist parties in other European nations, including in Greece and France where they have been virtually wiped off the map in recent years.
- 'Restore dignity' -
The vote also handed gains to far-right party Chega, which became the third-biggest contingent with 12 seats, up from just one, mirroring the rise of such formations elsewhere in Europe.
"Everything is going to be different in parliament," Chega leader Andre Ventura, a tough-talking former TV sports commentator, told his supporters.
"From now on there won't be a soft opposition. We will assume the role of being the real opposition to the Socialists...and restore dignity to this country."
Sunday's snap polls were called after two far-left parties that had propped up Costa's minority government sided with right-wing parties to reject his 2022 draft budget in October.
The two far-left parties -- the Left Bloc and the Communist Party -- both lost seats.
The Socialists had a comfortable lead when the election was called, but polls had suggested PSD managed to close the gap in recent days.
During the final stretch of the campaign, Costa repeatedly warned that a PSD-led government would be held "hostage" by the far right Chega, whose proposals include castrating sex offenders and more support for the police.
PSD leader Rui Rio had vowed not to include Chega in a government but indicated he was willing to head a minority government propped up by support from the far right.
- 'Stability is needed' -
Catia Reis, a 39-year-old human resources manager, said she had voted for the Socialists because "stability is needed".
"It is not the moment for a political change," she added after casting her ballot at a Lisbon polling station.
Under Costa's watch, Portugal has rolled back austerity measures, maintained fiscal discipline, increased the minimum wage significantly and slashed unemployment to pre-pandemic levels.
The country also achieved the highest immunisation rate against Covid-19 in Europe, with over 90 percent of its population fully vaccinated.
"I voted for the Socialists because we need them at this difficult time," said Manuel Pinto, a retired 68-year-old former carpenter, after he voted in Lisbon.
PSD leader Rui Rio, 64, had argued the economy should expand faster. His party proposes corporate tax cuts to spur growth.
He had called for lower corporate taxes and privatisations to spur growth.
Before the final results, Rio hinted that he would step down as PSD leader if Costa won an absolute majority.
M.O.Allen--AT