“There is a strong (…) increase, in the economic relationship between Portugal and Angola, (…) the economic problems in Angola are of concern for us, not only in the banking sector, but economy-wide,” Portuguese Minister of Finance Mario Centeno has told CNBC. Source: CNBC
OPEC kingpin Saudi Arabia does not wish to impose a 1973-style oil embargo on Western consumers, the country’s energy minister reportedly said Monday, amid a deepening crisis over the killing of journalist Jamal Khashoggi. Source: CNBC
Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said. Source: Reuters
The European Commission is set to reject Italy’s budget on Tuesday (23 October) due to an “unprecedented” breach of EU fiscal rules, while Rome has stuck to its guns and presented the breach as a “difficult but necessary decision” taken by the government. Source: Euractiv
