Belém is the Lisbon area associated with the Presidency of the Republic, as it is where the official presidential residence and offices are located. In political coverage, “the presidency in Belém” is shorthand for the presidency itself.

Novo Banco is a Portuguese bank referenced here in the context of a state-backed restructuring and an investor exit by the US fund Lone Star. The story uses it as a case study in how deal design and supervision can shift risk between the public sector and private investors.

Arbitration is a dispute-resolution process where parties ask a neutral arbitrator (or panel) to decide the case outside the regular court system. It can offer advantages such as confidentiality and potentially faster timelines, but suitability depends on the specifics of the dispute.

Ricardo Arroja is an opinion writer in Público. In this piece, he argues for a reordering of policy priorities to rebuild confidence and address political and economic challenges.

Maria Amália Vaz de Carvalho is presented as a pioneering Portuguese educator of women and cultural figure. The piece examines her legacy and how her work was interpreted through the gender norms of her time.

Compounding is when returns generate additional returns over time, as gains are reinvested and grow on top of prior gains. Over long periods, it can meaningfully increase portfolio growth compared with short-term trading.