FTSE 100 Closes Slightly in Red as Basic Resources, Telecoms Drag morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
The FTSE 100 closed fractionally in the red on Monday as iron ore prices fell to their lowest levels this year. "The FTSE 100 has chopped in and out of negative territory for most of the day with basic resources, and telecoms providing the main drag, w. | 12:51pm
LISBON: The Portuguese government has announced a Recovery and Resilience Plan with USD19 billion of European Union funds to re-emerge the economy after the Covid-19 crisis.
The Portugal government will infuse directly 5.1 billion euros in companies, Prime Minister Antonio Costa said in a statement on Friday after introducing the plan to President Marcelo Rebelo de Sousa, reports by Xinhua.
Municipalities, institutions of social and solidarity economy, research centres, and institutions of higher education will also be included in the plan. The plan, with an execution period of three years, also provides subsidies for the purchase of affordable housing and social intervention in the most disadvantaged areas, he said.