Portugal · Country watch
Portugal Inflation Rises, Madeira Launches SMS Alerts
Portugal's inflation climbs to 3.6% in September; Madeira initiates emergency SMS alerts.
In this briefing Porto City Council · Autonomous Region of Madeira · MEO · NOS · Instituto Nacional de Estatística
Regulation
Nothing significant reported today.
Disruption
Nothing significant reported today.
Internal tension
Housing rights protest continues in Porto
Around 50 protesters advocating for housing rights spent the night in sleeping bags at Praça D. João I in Porto. This follows the removal of their tents by police, acting on orders from the Porto City Council, due to legal issues regarding public space occupation. Expresso reports that the council has permitted the reinstallation of tents within 48 hours.
Impact Construction firms and public-sector planners in Porto face ongoing pressure from housing rights activists.
Sources: RTP ↗
Safety & health
Madeira launches emergency SMS alerts for risk situations
The Autonomous Region of Madeira has implemented a new system to send emergency alerts via SMS to residents and tourists in risk situations. The system, operationalized through agreements with telecom operators MEO, NOS, and Vodafone, will provide alerts in both Portuguese and English. Diário de Notícias Madeira reports that this initiative aims to enhance public safety by ensuring timely communication during emergencies.
Impact Tourists and residents in Madeira will receive timely alerts in emergencies, enhancing safety.
Companies
Nothing significant reported today.
Markets
INE confirms Portugal's inflation at 3.6% in September
Portugal's Instituto Nacional de Estatística (INE) confirmed that inflation accelerated to 3.6% in September, the highest rate since August 2023. This increase is largely attributed to a significant rise in energy prices, which surged by over 15%, according to RTP. The inflation spike is also reflected in higher food prices, adding pressure on consumers and businesses alike.
Impact Retailers and energy providers face increased costs as inflation rises to 3.6%.
Sources: RTP ↗, Observador ↗
Trade
Nothing significant reported today.
Politics
Nothing significant reported today.
Also today in Portugal
- 14h. PS pede audição urgente a Luís Neves e Ricardo Carrilho — Observador
- Cerca de 50 manifestantes pelo direito à habitação passaram a noite ao relento no Porto — Público
- Providência cautelar quer travar obra no Emporium Park. Câmara do Porto pediu novos pareceres — Público
- Contas da banca dos EUA e 4 outras coisas que precisa de saber para começar o dia — Jornal de Negocios
- Bancos de Wall Street abrem temporada de resultados com petróleo a pressionar — Jornal Económico
- Topo da Agenda: o que não pode perder nos mercados e na economia esta terça-feira — Jornal Económico
- Da inflação às contas dos bancos americanos, saiba o que vai marcar o dia — Expresso
- Wall Street de vento em popa com energia a impulsionar lucros do trimestre — Jornal de Negocios
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Gas Subsidy Cuts; Paraná River Floods; Inflation Rises
- Brazil: Lula's SME Credit Boost, New Consumer Rules
- Canada: Ontario Drug Rule, TC Energy Deal, Alberta Vote
- China: HK Green Trading Pilot, Mainland Stocks Fall
- Colombia: Coal Exports Resume, Power Rationing Deadline Set
- Germany: IMF Boosts German Growth, Starlink Sabotage Arrests
- Egypt: Egypt's Trade Deficit Widens, Journalists Detained
- Spain: Madrid Metro Safety Risk, ID Finance Raises €545M
- France: IMF Lowers France Growth, Cyberattack Hits Supermarkets
- United Kingdom: Cyberattack Hits UK Fashion Brands, Scottish Economy Rebounds
- Indonesia: IHSG Declines, Minimum Wage Proposal, Forest Fires
- Israel: Ben-Gurion Bomb Threat, Israir Freezes Morocco Sales
- India: IMD Weather Alert, Delhi Protests Impact Business
- Iraq: Iraq Customs Revenue Rises, Telecom Faces Subscriber Loss
- Iran: Iran-Azerbaijan Agreements, Dollar Declines
- Italy: New Road Code, Budget Delays, Cybersecurity Concerns
- Japan: Nikkei Plunge, Hokkaido Storm Warning, BOJ Rate Relief
- Kenya: Nairobi Water Shutdown, KRA Revenue Surge
- South Korea: KOSPI Plummets, LS Electric Secures US Deal
- Lebanon: Lebanon Seeks IMF Support, US Revives Framework Deal
- Morocco: Pharma Price Revisions, Treasury Deficit Drops
- Mexico: Senate Tightens Customs Law, Sheinbaum Offers Tax Incentives
- Malaysia: MyEG Investigation; Malaysia Airlines Cancels Flights
- Nigeria: US Blacklists Nigeria, Tinubu's Legislative Push
- Netherlands: Albert Heijn Cyberattack, Dutch Economy Growth Revised
- Poland: Senate Passes Internet Bill, RCB Alert Ends
- Russia: Moscow Exchange Falls, IMF Oil Price Forecast
- Senegal: Senegal Water Disruptions, Flood Audit Ordered
- Syria: Fuel Arrivals in Baniyas, Currency Pressure Rises
- Turkey: IMF Revises Turkey's Growth, Kocaeli Traffic Ban
- Ukraine: Ukraine Delays Payments, Train Disruptions Persist
- United States: Six Flags Closes Rides, Measles Spurs Vaccinations
- Vietnam: Techcombank Boosts Capital, US Increases Vietnam Pepper Imports
- South Africa: Supplement Crackdown Risks R22bn Industry, Water Disruption