lisbon / AP The construction cranes poking up from the jumble of terracotta roofs on Lisbon’s skyline can be counted on one hand — a dismal reminder for Ricardo Gomes of how little work there is for his construction company. The Portuguese Socialist government has promised to change that, advocating an end to Europe’s years of budget austerity by increasing ...

Bloomberg Pat Byrne, chairman of CityJet Ltd., purchased the carrier he once founded — less than a month after the sale of London City airport. Byrne, his management team and an unidentified consortium of private equity companies purchased CityJet, the largest airline at the airport, from Intro Aviation GmbH, the German company said in a statement, without disclosing financial details. ...

Madrid / AFP One of the world’s biggest renewable energy firms, Spain’s Abengoa, said on Monday it had been given a seven-month breathing space by its creditors for restructuring that should stave off the threat of immediate bankruptcy. The company ended 2015 with a debt of €9.4 billion, which it hopes to slim to €4.9 billion. It announced in November ...