Economy. The storm that closed the country and the hunt for the CEO

The Portuguese government declared a state of emergency due to storm Kristin, closing schools and non-essential services to prevent damage. Employers were urged to pay employees who stayed home with children, although legal clarity was lacking. The storm prompted crisis plans from energy companies and some businesses, like Pingo Doce, closed. The Web Summit faced its first cancellation due to weather, while discussions focused on Chinese technology and global issues. EDP's CEO, Miguel Stilwell, announced his departure, leaving the company in a strong financial position. Uber is set to lay off 10% of its global workforce, affecting its Lisbon office.