Keep This Stock on Your Watchlist

They're a private company, but the same firms that backed Uber, eBay, and Venmo already invested in Pacaso. They've even reserved their Nasdaq stock ticker.

Death toll in Lisbon streetcar crash rises to 17 as Portugal observes national day of mourning

BARRY HATTON
September 04, 2025

LISBON, Portugal (AP) -- The death toll in the crash of a famous Lisbon streetcar popular with tourists rose to 17 Thursday after two of the 23 injured people died, an emergency services official said.

The dead were all adults, Margarida Castro Martins, head of Lisbon's Civil Protection Agency, told reporters. She didn't provide their names or nationalities, saying that their families would be informed first.

Another 21 people were injured in Wednesday's crash, she said. They included Portuguese people as well as two Germans, two Spaniards and one person each from France, Italy, Switzerland, Canada, Morocco, South Korea and Cape Verde, she said.

The range of nationalities reflected how big a draw the renowned streetcar was for tourists who are packing the Portuguese capital during the summer season.

Portugal observed a national day of mourning Thursday after the capital's worst disaster in recent history.

Though authorities gave no details about those killed, the transport workers' trade union SITRA said that the streetcar's brakeman, André Marques, was among the dead.

The 19th-century streetcar is one of Lisbon's big tourist attractions and is usually packed with foreigners at this time of year for its short and picturesque trip up and down one of the city's steep hills.

Teams of pathologists at the National Forensics Institute, reinforced by colleagues from three other Portuguese cities, worked through the night on autopsies, officials said. The injured were admitted to several hospitals in the Lisbon region.

The streetcar's crumpled wreckage was still on the downtown road where it crashed Thursday, cordoned off by police.

Detectives from Portugal's judicial police force, which investigates serious incidents, photographed the rails and the wreckage on the deserted road.

Officials declined to speculate on whether a faulty brake or a snapped cable may have caused the derailment.

The yellow-and-white streetcar, known as Elevador da Gloria, was lying on its side on the narrow road that it travels on, its sides and top crumpled. It crashed into a building where the road bends, leaving parts of the mostly metal vehicle crushed.

"It hit the building with brutal force and fell apart like a cardboard box," witness Teresa d'Avó told Portuguese television channel SIC. She described the streetcar as out of control and seeming to have no brakes, and said she watched passersby run into the middle of the nearby Avenida da Liberdade, or Freedom Avenue, the city's main thoroughfare.

The crash occurred at the start of the evening rush hour, around 6 p.m. local time. Emergency officials said all victims were pulled out of the wreckage in just over two hours.

The streetcar, technically called a funicular, is harnessed by steel cables and can carry more than 40 people, seated and standing. It is also commonly used by Lisbon residents.

The service, inaugurated in 1885, goes up and down a few hundred meters of a hill on a curved, traffic-free road in tandem with one going the opposite way. It goes between between Restauradores Square and the Bairro Alto neighborhood renowned for its nightlife.

Lisbon's City Council halted operations of three other famous funicular streetcars in the city while immediate inspections were carried out.

The Elevador da Gloria is classified as a national monument.

Lisbon hosted around 8.5 million tourists last year, and long lines of people typically form for the brief rides on the popular streetcar.

Carris, the company that operates the streetcar, said that scheduled maintenance had been carried out. It offered its deepest condolences to the victims and their families in a social media post, and promised that all due diligence would be taken in finding the causes.

President Marcelo Rebelo de Sousa offered his condolences to affected families, and Lisbon Mayor Carlos Moedas said the city was in mourning. "It's a tragedy of the like we've never seen," Moedas said.

Portugal's government announced that a day of national mourning would be observed Thursday.

"A tragic accident ... caused the irreparable loss of human life, which left in mourning their families and dismayed the whole country," it said in a statement.

European Union flags at the European Parliament and European Commission in Brussels flew at half-staff. Multiple EU leaders expressed their condolences on social media.

Continue Reading...

Popular

Bill Ackman Has 70% Of His Portfolio Invested In These 5 Stocks: Here's What Q2 13F Filings Show

Discover how Bill Ackman invested ~70% of his $13.7M portfolio in 5 stocks like UBER & AMZN per Q2 2025 13F filings. Explore top holdings now!

America Tapping into New "AI Energy" Starting Sept 30 at Midnight - Ad

It has enough power to fuel our economy for decades... with zero need for foreign oil. A small group of US stocks own the rights to it.

780,000 pressure washers are under recall after some consumers report explosions and impact injuries

NEW YORK (AP) — About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.

When Alabama Wins, This Nasdaq Brand Wins Too - Ad

With equity in the brand and athletes pushing viral drops, the University of Alabama is betting on more than just football wins. This company built the tech-and got the team on board.

Bill Ackman Invests $1.27 Billion in Amazon, Adds To Google and More

Bill Ackman has made a hefty investment in Amazon, pouring in more than $1.27 billion within a span of three months.

RFK Jr's FINAL Warning For American Seniors - Ad

For years liberals have called RFK Jr a QUACK... an alarmist... and a conspiracy theorist. But now it appears he was right about a COVID lab leak... He was right about microplastics... And he was right about FDA corruption. Now, he's issued a terrifying new warning that Americans need to hear in 2025. Millions are in the crosshairs... And if you were born before Jan 1st, 1965, this affects you most of all.

Kevin O'Leary Recalls How Cutting Off His Son's Trust Fund Drove Him To Harvard: 'The Dead Bird Under The Nest Never Learns To Fly'

Kevin O'Leary revealed that cutting off his son's trust fund after high school and insisting on self-reliance motivated him to earn a spot at Harvard, emphasizing that entitlement ruins ambition.

Social Security whistleblower who claims DOGE mishandled Americans' sensitive data resigns from post

WASHINGTON (AP) — A Social Security official who has filed a whistleblower complaint alleging the Department of Government Efficiency officials Americans' sensitive information says he's resigning his post because of actions taken against him since making his complaint.

TikTok + Touchdowns = Momentum - Ad

NIL deals and social media clout are now driving merch sales into the billions. One Nasdaq disruptor is first to align with a football dynasty and a commerce giant.

How To Earn $500 A Month From HP Stock Ahead Of Q3 Earnings

HP offers an annual dividend yield of 4.29%, or $1.16 a year. So, how can investors capitalize and pocket a regular $500 monthly?

What to know about Cracker Barrel's logo misfire and what could happen next

Like its namesake barrels that transported soda crackers until boxes replaced them, needed to change.

Built for Gen Z. Backed by a Football Dynasty. - Ad

This brand's not Nike-and that's the point. It's fast, tech-driven, and built for viral drops. Now, it has equity backing from one of college sports' most iconic names.

Warren Buffett's No.1 AI Stock Not Even on Nasdaq - Ad

It's not in the Mag 7. And most people have never heard its name. Yet billionaire Warren Buffett is buying millions of shares.

Jim Cramer Refuses To Chase Rally—Says 'We Sure Aren't Buying' Unless It's Discounted

Jim Cramer is sitting out the current market rally, citing excessive intervention, overbought conditions as key reasons to remain cautious.

Trump fires Fed Governor Lisa Cook, opening new front in fight for control over central bank

WASHINGTON (AP) — President Donald Trump fired late Monday, a surprise move constituting a sharp escalation in his battle to exert greater control over what has long been considered an institution .

How to Hack a $1.3 Trillion Industry - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Led by former Zillow execs, their tech hacks a $1.3T market by letting buyers co-own homes worldwide. They've already earned $110M in gross profits and reserved the Nasdaq ticker PCSO.

ConocoPhillips says it will lay off up to 25% of its workforce, impacting thousands of jobs

NEW YORK (AP) — Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to cut costs.

China Doesn't Need Nvidia? Futurum CEO Calls That 'Next-Level Nonsense' — Dan Ives Reacts With A Fiery Response

Futurum CEO Daniel Newman and analyst Dan Ives dismissed claims that China no longer needs Nvidia, pointing to the company's new B30A chip, Trump's export deal, and setbacks with Chinese rivals that underscore Nvidia's continued dominance in the market.

Missed Chatbots? Don't Miss AI Agents - Ad

Investors who rode C3.ai and SoundHound saw billions created overnight. The next wave? AI Agents. Acting, transacting, rewarding users, not just talking. $3B processed, 88% margins, launch in Q3 2025.

Trump Administration Appeals 'Illegal' Tariff Ruling To Supreme Court; Asks For Swift Action

President Donald Trump is asking the Supreme Court to quickly accept and rule on his administration's appeal of a Federal Court ruling last week, which deemed most of his tariffs "illegal."

Trump Ends De-Minimis Exemptions To All Countries: How This Will Impact Your Online Shopping

President Donald Trump's executive order, which ends de minimis exemptions, is set to take effect on Friday. This will effectively close the duty-free shipping loophole that allowed small commercial packages worth $800 or less to enter the United States without being subject to taxes or tariffs.

Warren Buffett's Strangest AI Investment - Ad

He's been buying one little-known AI stock poised to boom before Sept 30.

Marjorie Taylor Greene Put Money In BlackRock's Bitcoin ETF This Year — Here's How Her Returns Stack Up Against Others In Congress

Rep. Marjorie Taylor Greene (R-Ga.) has added considerable Bitcoin (CRYPTO: BTC) exposure to her investment portfolio in 2025, making strategic purchases into iShares Bitcoin Trust ETF (NASDAQ:IBIT).

Toyota announces $792m expansion of Czech plant to build new electric car

PRAGUE (AP) — Japanese carmaker said on Wednesday it will invest 680 million euros ($792 million) on a new production line in the Czech Republic to make a .

Keep This Stock on Your Watchlist - Ad

They're a private company, but the same firms that backed Uber, eBay, and Venmo already invested in Pacaso. They've even reserved their Nasdaq stock ticker.

Powerball Jackpot Soars To $1.1 Billion After No Winning Tickets, 5th Largest In History

The Powerball jackpot has reached $1.1 billion after no winner in Saturday's drawing, with nine tickets earning $1 million.

America Tapping into New "AI Energy" Starting Sept 30 at Midnight - Ad

It has enough power to fuel our economy for decades... with zero need for foreign oil. A small group of US stocks own the rights to it.

China protests Taiwan foreign minister's visit to the Philippines

MANILA, Philippines (AP) — Taiwan’s foreign minister has flown to the Philippines as head of a high-level delegation of investors, two senior Philippine officials said Saturday, prompting a protest from China and a warning to Manila “not to play with fire.”

What's Going On With Boeing Stock Friday

Boeing (BA) and RAAF successfully prove MQ-28 operational effectiveness in autonomous flight trials. Program advances Australia's autonomous airpower development.

When Alabama Wins, This Nasdaq Brand Wins Too - Ad

With equity in the brand and athletes pushing viral drops, the University of Alabama is betting on more than just football wins. This company built the tech-and got the team on board.

Chewy Set For Growth As Analysts Highlight Market Share And Strong Execution

Chewy is forecast to beat Q2 sales guidance with projected revenue of $3.08 billion as analysts highlight its strong position in the online pet market.

Israel launches a satellite to expand its surveillance capability throughout Middle East

JERUSALEM (AP) — Israel has launched a new spy satellite that defense officials described as a strategic cornerstone, saying it will strengthen their surveillance capacity across the Middle East in the years ahead.

RFK Jr's FINAL Warning For American Seniors - Ad

For years liberals have called RFK Jr a QUACK... an alarmist... and a conspiracy theorist. But now it appears he was right about a COVID lab leak... He was right about microplastics... And he was right about FDA corruption. Now, he's issued a terrifying new warning that Americans need to hear in 2025. Millions are in the crosshairs... And if you were born before Jan 1st, 1965, this affects you most of all.

Carlo Acutis, the saint next door: A teen computer whiz becomes a millennial saint

CHICAGO (AP) — At a Catholic school in Pope Leo XIV’s hometown, fifth graders read comic books about Carlo Acutis' life entitled “Digital Disciple.” They draw pictures of what the teenage Italian computer whiz might have had as his cellphone wallpaper. They discuss the miracles that allegedly occurred thanks to Acutis' intercession.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service