Crisis in the Strait of Hormuz worsens Europe's energy bill by almost 41 billion euros

The crisis in the Strait of Hormuz is causing a significant increase in Europe's energy bills, with an estimated impact of almost 41 billion euros. The escalation of fossil fuel prices, triggered by the start of the war against Iran, is exerting strong financial pressure on several European countries, affecting their economies and consumers.

Related articles

Photo by Aquino Foto on Pexels

Business

  

"Meo's revenues increased to 1.297 million euros in the first half"

Meo saw its revenues grow 0.3% to 1.297 million euros in the first half, although in the second quarter it recorded a drop in billing of 4.6% to 648 million euros, reflecting competitive pressure in the consumer segment, offset by the expansion of the energy and business services business. The company highlighted the completion of the sale of 65% of Intelcia and the Covilhã Data Center as part of its portfolio optimization strategy. CEO Ana Figueiredo highlighted the company's "resilience" in a challenging period for the telecommunications sector.

Jornal Económico27/08/26, 18:59

Photo by Bruna Corrêa on Pexels

Business

  

Capital market rules change again to accommodate directives and simplify investment

Capital market rules are being changed again to adapt to new European directives and simplify investment. The new minimum threshold is set at 12 million euros, a significant increase compared to the eight million currently in force, representing an important change in the regulatory framework of the sector.

Now27/08/26, 18:54

Business

  

Second quarter results confirm Meo's resilience - CEO

The CEO of Meo, Ana Figueiredo, states that the second quarter results confirm the company's resilience during one of the most challenging periods the telecommunications sector is experiencing.

SAPO Notícias27/08/26, 18:43

Photo by Muhammed zeya on Pexels

Business

  

Fosun more than doubles profit to 217 million in the first half

Fosun, the shareholder of Fidelidade and BCP, more than doubled its profit in the first half of 2024, totaling 217 million euros (1.7 billion yuan), an increase of 160.3% compared to the same period last year. Revenue remained stable at around 11,094 million euros, while investment in innovation and technology grew 16.7% to 4.2 billion yuan. Fidelidade, with 30.1% market share in Portugal, saw its net profit rise 23.8% to 165 million euros, despite losses caused by storms. Chairman Guo Guangchang stated that the strong profit recovery validates the business optimization strategy and that the group is well positioned to accelerate growth.

Jornal Económico27/08/26, 18:41