Swedish automaker Volvo Cars reported a net loss of 414 million euros for the first nine months of the year, a 77% increase compared to the same period last year. In response, the company announced a workforce reduction of 2,500 jobs.
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The government raised the 2026 emission limit for Certificates of Aforro and Treasury from 10 billion to 16 billion euros. Published in the Diário da República on Friday, 23 October 2026, the order by Minister of Finance Joaquim Miranda Sarmento follows private demand significantly exceeding forecasts. Limits on other public debt instruments were adjusted, while Treasury bond and bill emission caps were lowered.
The PS leader stated that the party will not vote against the 2027 State Budget, despite considering it poor, to avoid triggering a political crisis in Portugal amidst existing cost-of-living struggles and global instability. He plans to introduce proposals during the budget's specialized discussion phase to address needs related to food, fuel, utilities, and housing.
The National Civil Aviation Authority (ANAC) has officially granted ground handling licenses for Lisbon, Porto and Faro airports to SPdH (Menzies Aviation). This decision concludes a long-running tender process and follows the exclusion of the Spanish consortium Union South for failing to meet recruitment and resource mobilization requirements.