Portugal prepares U-turn on social security payment increase

Ministers pledge to renegotiate austerity measures with unions and employers amid growing popular backlashPortugal's government will begin preparing a U-turn on an announced rise in social security contributions that would have instantly increased workers' payments by nearly two-thirds amid a growing popular revolt against austerity measures.Hundreds of thousands of people took to town squares across the country a week ago to protest at the announced rise, which raised contributions from 11 to 1...