Foreign direct investment in Portugal was 180,411 million euros in 2023, 6.24% more than in 2022, with Lisbon receiving more than half, according to data from the Bank of Portugal (BdP). The statistics on foreign direct investment in Portugal (FDI) by region, analyse the amounts of this investment by beneficiary Portuguese region. One of the methodologies used by BdP is called establishments and considers “not only the region where the direct investment counterparty is located (…), but also the regions of...

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The European Union Digital Services Act (DSA) now applies to all digital “intermediary services” that provide users with access to online goods, services, and content. The DSA took effect on November 16, 2022, and regulates a wide range of aspects such as transparency, safety, targeted advertising, and liability for illegal content. The broad range of obligations under the DSA varies depending on the category of online service. The most stringent regulations—which are for very large online platforms (VLOPs) and...

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EU Commission announces new Digital Infrastructure Initiative The European Commission has unveiled a comprehensive set of proposals aimed at bolstering the innovation, security, and resilience of digital infrastructures across the continent. With the relentless march of technological progress, the future competitiveness of Europe's economy hinges upon the robustness of its digital network infrastructures. From telemedicine to automated driving, predictive maintenance of buildings to precision agriculture, fast, secure, and widespread connectivity is indispensable for the deployment of these groundbreaking innovations. Keep reading. Europe reaches agreement on Carbon...

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Many of the taxpayer-friendly provisions of the tax code introduced by the Tax Cuts and Jobs Act (TCJA) in 2017 are scheduled to expire at the end of 2025, exposing individuals and businesses to the prospect of significantly higher tax liabilities beginning in 2026. While there is a possibility lawmakers will intervene, extending some provisions of the law or making others permanent, it is important to recognize that we are in an election year when the winds of political...

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Wilson Sonsini Goodrich & Rosati is pleased to present the full-year 2023 edition of The Entrepreneurs Report. We’ve compiled a range of data on venture, convertible note, and SAFE financing transactions in which the firm was involved during 2023, with the objective of identifying relevant trends in activity and valuation levels for the U.S. venture capital industry in general. In addition, this issue features a Q&A with Wilson Sonsini partner Seth Helfgott, who focuses on corporate and securities law, including...

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Amid a light news stream, the dollar is mostly in narrow ranges against the G10 currencies. Leaving aside the Norwegian krone, the others in a +/- 0.15% against the dollar today. We note that the technical tone of the euro and sterling have improved withe the five-day moving averages crossing above the 20-day moving averages. On the other hand, the dollar is approaching the year's low set last week near JPY150.90. Emerging market currencies are mostly lower, On the...

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The Innovative Brand is Set to Pave the Way for Unprecedented Gaming Excellence and Innovation in the Keystone State. Supremeland Gaming, Inc., the dynamic and in- novative iGaming challenger, is thrilled to announce the attainment of its first-ever gaming ap- proval in the United States, marking a significant milestone in the company's expansion strategy. The studio has received official Interim Authorization from the state of Pennsylvania, a key market for the gaming industry in the United States. The approval allows Supremeland...

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The European Commission has announced a significant milestone in the economic trajectory of the European Union with the agreement reached between the European Parliament and the Council on a comprehensive reform of the EU’s economic governance framework. This agreement marks the most ambitious reform since the aftermath of the economic and financial crisis, indicating a pivotal moment in shaping the future of the EU’s economic landscape. Following the presentation of reform proposals by the Commission in April 2023, the new framework aims...

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