AGP Executive Report
Last update: 8 hours agoStorm Disruption: Portugal braced for Storm Charles, with schools and public services shut in the Algarve and winds forecast to reach 160 km/h. More than 200 flights were cancelled, and the storm forced Web Summit to cancel its second day in Lisbon. Web Summit & Housing: The conference also arrived amid protests highlighting Portugal’s housing crisis. Wealth Gap: An ECB study found the richest 10% held 51.8% of net wealth in Portugal and five other countries hit hardest by the eurozone debt crisis in 2023, up from 46% in 2010. Business: Planet Fitness completed its €102.5 million purchase of Portuguese gym chain Be-Fit, adding 25 clubs and a new base for expansion. Ronaldo: The Portugal icon has begun production on Day 1s, his first TV series, after retiring from international football.
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