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Thursday, 28 May

Expresso

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Jornal de Negocios

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The Economist

  • From followers to leaders

    Introducing the latest in feather-duster technology

    IT IS a courageous foreigner who drives on China’s roads. A combination of tens of millions of inexperienced drivers and a general disregard for traffic rules makes them among the world’s deadliest. Braver still would be the car manufacturer that dares to put a car loaded with automated-driving features on such roads. Western notions of what is a safe distance between cars mean little in China. How could an autonomous vehicle conceived for orderly Germanic roads cope with such anarchy?

    Nevertheless Audi was this week giving journalists demonstrations of hands-off motoring through the frantic Shanghai streets. Its test cars were in town for a giant consumer-electronics fair, where it announced deals with Baidu, China’s biggest search-engine and mapping firm, and Huawei, a telecoms-equipment manufacturer, to kit out its connected cars of the future.

    The German firm’s faith in China’s digital boom may be well placed, if this week’s convention is a guide. This is the first year that a version of the Consumer Electronics Show (CES), which is held every year...

  • A palette of plans

    BUSINESSES are bombarded with advice on strategy. Many gurus urge them to discover a “blue ocean” where they can swim without competition. Others argue that this is a pipe dream—a blue ocean will immediately be turned red by competitors—and advise them to focus on flexibility. Some pundits preach the first-mover advantage; others urge firms to be fast followers. Bosses end up confused and cynical, with some lurching from one strategy to another and others concluding that they never want to hear the word “strategy” again.

    The Boston Consulting Group (BCG) made its name with clever ideas about strategy, most notably the growth-share matrix, which helps firms divide their lines of business into stars, cash-cows, dogs and question-marks. Now it has brought some clarity to the current confusion with a new book, “Your Strategy Needs a Strategy”, by Martin Reeves, Knut Haanaes and Janmejaya Sinha. The BCG trio argue that business is so fast-moving and diverse these days that a single, overarching strategy will no longer do. The competitive landscape is constantly changing in many industries; businesses speed through the life-cycle from stars to dogs. So,...

  • Exploring the Amazon

    NOT long after Jeff Bezos, the founder of Amazon, said he would pay $250m of his own money for the chronically loss-making Washington Post, in August 2013, he sat next to the newspaper’s editorial-page editor, Fred Hiatt, at a dinner. It was a perfect opportunity to influence the Post’s line, but Mr Bezos reportedly preferred to talk about other things on his mind, such as exploring the dark side of the moon.

    Technology, not journalism, is Mr Bezos’s passion. So far he has been the sort of proprietor newshounds dream of, with a light touch on editorial matters and a willingness to finance experimentation and bear losses. After years of shrinking ambitions and cost-cutting under its old owners, the Graham family, Posties are experiencing a period of expansion and excitement under Mr Bezos. As other American papers have continued to cut staff, the Post has hired more than 100 newsroom employees since the takeover was announced.

    In its revamp, the Post is following some of Amazon’s tactics. Much as Mr Bezos has made his e-commerce firm...

  • Bedside manners

    No need to call

    IN 2008 Jordan Shlain treated an elderly patient with pneumonia. He was worried about her, so he gave her his mobile number—but she didn’t use it, and ended up in intensive care. This set Dr Shlain thinking about how to follow up with patients; his simple solution was a daily phone call and a spreadsheet to record the data. One day another patient in his San Francisco surgery remarked, “Dude, you need to turn this into software.” He did, and earlier this year Cedars-Sinai Health System, a hospital operator in Los Angeles, adopted a patient-feedback system developed by the firm he set up, Healthloop.

    Doctors can use Healthloop to send their patients questions about their condition, by e-mail, text or smartphone app. Its software then works out when intervention by a doctor or nurse is needed. It is efficient and patients like it. These days the idea of finding value in health data is very much in vogue but most attention is being showered on the promise of “big data”, in which giant databases on genomics, population health and treatment are crunched in the hope of discovering medical insights. But there is...

  • Offshore fog

    Try to keep it pumping

    WHEN the North Sea oil- and gasfields were booming, inefficiencies mushroomed. Now, times are tough—and it may be too late for belt-tightening. The offshore industry, particularly the British bit of it, is squeezed between a lower oil price, stubbornly high costs, an ageing infrastructure and a looming bill of many billions of dollars for decommissioning old platforms.

    The result threatens the profitable and unprofitable alike. If even a few companies which use the pipelines and terminals shut down, then the bill lands all the more heavily—and perhaps cripplingly—on the survivors. Similarly, if a piece of the infrastructure breaks (or its operator goes bust) then everyone who uses it is in trouble.

    Operating expenditures in North Sea oil have doubled in 15 years. Only a fifth of that increase, at most, is because of increased activity. The biggest reason is inflated costs, reckon consultants at McKinsey, followed by pure inefficiency, such as needlessly high standards and complexity. Poor planning wastes the time of highly paid staff: overlapping safety briefings for example, or...

  • Malone wolf

    Still plenty of dealmaking left in him

    JOHN MALONE is revered as a genius by investors and executives in the telecoms and cable businesses. The boss of Liberty, a cable and media conglomerate, he has struck more deals than perhaps any other tycoon in the world—buying and selling hundreds of firms worth over $100 billion since the 1970s, often negotiating on his own, using calculations that fit on a napkin. Unusually for an empire-builder he has made his investors a ton of money, and has little interest in the public eye.

    On May 26th Mr Malone, pictured, made his biggest bet yet. A cable TV and broadband firm he backs, Charter Communications, will buy two rivals, Time Warner Cable (TWC), and Bright House, to create a giant worth $130 billion, including debt. The takeover is the sixth-largest in American history. It will make Mr Malone the world’s pre-eminent media baron. Including his radio and foreign operations he will control businesses with triple the operating profits of Rupert Murdoch’s empire. Although Comcast, run by another media titan, Brian Roberts, will still be the biggest cable operator in America—with...

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Financial Times — Europe

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Portugal-US Chamber of Commerce - slideshow image

IV Annual Meeting of Portuguese Bilateral Chambers, NYC 27-28 April 2015

The Portugal-US Chamber of Commerce is thrilled to be receiving colleagues from Portuguese Bilateral Chambers from Asia, Latin America, Africa, and Europe in New York on 27-28 April 2015, for the IV Annual Meeting of Portuguese Bilateral Chambers organized by CIEP Portugal. The working meeting will include discussions about common goals and concerns, and how best to advocate for and make widely known the work of the Chambers. Please check back for additional information about the meeting.

Posted on 22 Apr 2015
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Pan-European Days at the New York Stock Exchange, May 2014

Chamber board member Ricardo Caliço attended the event on behalf of the Chamber and reports back that the three-day conference was aimed at showcasing investment opportunities in Europe. This year, the program included the European Economic Forum at the New York Stock Exchange, featuring representatives from European Union, chief economists from major financial institutions, and other high-level thought-leaders to discuss the latest developments in the major European economies. The Program also included an investor conference at the Waldorf Astoria hotel organized by, ING, KBC Securities, Millennium BCP/Auerbach Grayson and Societe General. The investor conference provided opportunities for Euronext-listed companies from Portugal, Belgium, France, and Netherlands to meet privately with North America based institutional investors. The 13 Portuguese companies presented in the event were: BES, BPI, CTT, EDP, EDPR, Espirito Santo Saude, Galp, Impresa, Jerónimo Martins, Millennium BCP, Mota Engil, REN and Zon. The Portuguese Government was represented by Isabel Castelo Branco, Secretary of State of Treasury, and by the Treasury and Debt Management Agency. See more details here.

Posted on 2 Jun 2014
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Portuguese Artist Julião Sarmento to Exhibit in New York City

The Sean Kelly Gallery will host an exhibition by Portuguese artist Julião Sarmento, from March 28 - May 3, 2014. Further details can be found here.

Posted on 21 Mar 2014
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Chamber Attends Workshop on the New York Nonprofit Revitalization Act of 2013

New York State’s laws governing charitable and other nonprofit organizations date from the 1960s. The New York State Attorney General’s Office has undertaken revisions in the form of the New York Nonprofit Revitalization Act of 2013. The changes have two main purposes: reducing burdens on nonprofits through the modernization of statutory requirements; and increasing public trust in the nonprofit sector by strengthening board governance and enhancing Attorney General enforcement powers. Most provisions will take effect effective July 1, 2014. As a 501c4 nonprofit corporation, the Portugal-US Chamber of Commerce will also need to adhere to new regulations. More information about the Revitalization Act of 2013 can be found here.

Posted on 6 Mar 2014
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Vista Alegre Exhibits at the 2014 San Francisco International Gift Fair

Visit Vista Alegre’s booth at the San Francisco International Gift Fair, 15-18 February 2014. More information about the Fair can be found here.

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Posted on 17 Feb 2014
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Our Organization

The Portugal–US Chamber of Commerce in New York was founded in 1979 to stimulate economic development, trade and investment, and cultural exchange between the United States and Portugal. As a member of the Association of Portuguese-American Chambers of Commerce (APACC), it works closely with its counterparts in Portugal, Canada, and across the United States to promote shared interests in Portugal and expose the vast economic opportunities of the country. The Chamber provides its members ongoing opportunities to network with individuals also engaged in Portugal-US affairs as well as numerous channels by which they can obtain essential bilateral support and information.

Membership Benefits

Membership in the Chamber is open to all individuals who are interested in building a strong economic partnership between Portugal and the United States. Current members range from small businesses to large corporations in the fields of banking and finance, construction, communications, education, import/export, law, and transportation, to name a few.

Membership benefits include:

  • Frequent Chamber events that promote networking and foster strong community ties
  • Access to prominent business and government leaders
  • Alerts of noteworthy cultural and social events in New York City
  • Business luncheons and seminars to expose members to exciting new economic opportunities
  • Access to online resources and members-only directory