Bloomberg Portuguese Prime Minister Antonio Costa is beginning to scare some investors. Almost a year into the role, Costa has succeeded in rolling back some austerity measures without alienating Portugal’s euro-area partners and creditors. Now, as his Socialist government prepares to raise indirect taxes and levies on property in its 2017 budget to help pay for higher pensions and ...

  Bloomberg London house prices fell for a fifth month in August, the worst streak for the U.K. capital since the depths of the recession seven years ago. The 0.6 percent drop, taking the average value to 580,930 ($708,000) pounds, followed a 1 percent fall the previous month, LSL Property Services and Acadata said on Saturday. The annual pace of ...

Bloomberg The UK government should learn from California and incentivize energy-storage technology to help move away from dirty fuels, a cross-party panel of lawmakers said. Ministers should reform the Capacity Market, a subsidy program designed to lower the risk of blackouts, to reward both energy-storage projects and power users who lower consumption at times of high demand, Parliament’s Energy and ...