The event’s economic impact for Lisbon and Portugal is estimated at €300 million a year.
IBM this week became the latest high profile commercial partner to pull out of the Web Summit event in Lisbon next month, joining a long list that includes the likes of Google, Meta, Stripe, Intel and Israel. A number of attendees have also sought refunds, we’re told. Photograph: Patricia De Melo Moriera/AFP
This all followed controversial remarks made by its chief executive and co-founder Paddy Cosgrave about the Israel-Hamas conflict. Given the raft of defections, there was speculation about whether Web Summit would actually take place this year. So what is the view from Portugal and Lisbon on the controversies that have engulfed Web Summit over the past week or so?Martin Wolf: Politics poses biggest threat to economic growth in China
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