
US Calls for New Limits to Wall Street Bank Backstop After March Crisis
US officials will seek to limit some access to Federal Home Loan Banks after multiple failing lenders turned
2023-11-08 01:50

Portugal’s prime minister resigns over inquiry into alleged corruption
Portugal’s Prime Minister Antonio Costa has resigned in a televised address, just hours after prosecutors detained his chief of staff in a probe into alleged corruption in his administration's handling of lithium mining and hydrogen projects. The 62-year-old, Portugal's Socialist leader since 2015, asserted his innocence but said that "in these circumstances, obviously, I have presented my resignation to the president of the republic". The state prosecutor's office said the Supreme Court was examining suspects' "use of the prime minister's name and his involvement" when carrying out allegedly illicit activities. It said the minister of infrastructure, Joao Galamba, and the head of the environmental agency were among those named as suspects. President Marcelo Rebelo de Sousa quickly accepted Mr Costa's resignation. He is expected to dissolve parliament and call for a new election. He said in a statement that he is calling parliament to convene on Wednesday, and he will speak to the nation after the Council of State gathers on Thursday. The prime minister teared up while thanking his family for their support. "I totally trust the justice system," he said. "I want to say eye to eye to the Portuguese that my conscience is clear of any illicit or censured act." He acknowledged that he was not "above the law". An investigative judge had issued arrest warrants for Mr Costa's chief of staff Vitor Escaria, the mayor of the town of Sines, and three other people because they represented a flight risk and to protect evidence, the prosecutor's office said in a statement. The judge is investigating alleged malfeasance, corruption of elected officials and influence peddling related to lithium mine concessions near Portugal's northern border with Spain and plans for a green hydrogen plant and data centre in Sines on the south coast. The police raids included the premises of the ministry of the environment, the ministry of infrastructure, Sines town council, private homes and offices. Portugal's lithium mines and green hydrogen projects are part of the continent's green initiative being pushed, and heavily funded, by the European Union. Mr Costa has been a major backer of the projects and an ally of Spain's acting Prime Minister Pedro Sanchez. He had looked set to remain in power for several years after his Socialists scored a landslide victory in elections last year, but in December 2022, his infrastructure and housing minister was forced to quit amid an outcry over a €500,000 (£434,000) compensation payment made to a board member of state-owned flag carrier TAP Air Portugal. The junior minister for infrastructure also stepped down. Ten senior government officials have left their jobs since Mr Costa's party won the 2022 ballot. Mr Costa said he had no prior indication he was being scrutinised by legal authorities. "This is a phase of my life that comes to an end," he said. Associated Press Read More Hundreds gather at vigil held for Ukrainian soldiers killed in missile attack Where the GOP presidential candidates stand on the war in Ukraine Orcas sink another yacht in relentless 45-minute attack Hundreds gather at vigil held for Ukrainian soldiers killed in missile attack Where the GOP presidential candidates stand on the war in Ukraine Orcas sink another yacht in relentless 45-minute attack
2023-11-08 01:50

Europe migrant crisis: Italy to build migrant centres in Albania
The centres will be able to process more than 30,000 asylum seekers a year, Italy's PM has said.
2023-11-08 01:49

Former Meta employee tells Senate company failed to protect teens safety
By Katie Paul NEW YORK A former Meta employee is testifying before a U.S. Senate subcommittee on Tuesday,
2023-11-08 01:46

Draymond Green struggles when receiving a taste of his own medicine
Draymond Green, the Golden State Warriors' star, found himself on the receiving end of a painful hit, similar to those he's been infamous for delivering.
2023-11-08 01:46

BU finds Ibram X. Kendi's antiracist research center managed funds properly, despite turmoil
Boston University said Tuesday that its initial inquiry into the antiracist research center run by best-selling author and academic Ibram X
2023-11-08 01:46

Ashling Murphy accused lied to jury, court hears
Barristers have made closing statements at the trial of Jozef Puska, who denies murdering the teacher.
2023-11-08 01:26

Portugal stocks lag European peers after PM Costa resigns
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) -Portugal's shares fell sharply on Tuesday, underperforming the broader European index, after
2023-11-08 01:24

NFL Week 10 Byes: Every team that’s off this week
Which top teams have a bye in Week 10 of the 2023 NFL season?
2023-11-08 01:24

Harlem is the latest brick in the house of Eubank – a house of glory and grief
The Eubank fighting family tree has three brothers, three sons and they have been in 170 professional fights during the past 40 years. There was a time when Simon and Peter, who are twins, and their younger brother, Chris, were all known as “Eubanks”. It was Chris who dropped the S and it was Chris who refused to join the hard, hard circuit. Simon and Peter lost a combined total of 41 fights; Chris was beaten just five times in 52. Chris, the dad as he is often known, is the father of Chris Jr and the late Sebastian. He put Brighton and Hove on the boxing map, but he only fought there five times in total. He is also the adviser to his nephew, Harlem, whose father Simon died in September. There is enough glory and grief in the house of Eubank. And it is no longer a happy soap opera with comical turns by Chris in jodhpurs. The three fighting sons were all born in the Brighton area on the south coast; the twins were born in Manchester and Chris Sr was born near Peckham in south London. They all helped make Brighton their fighting town. Chris Sr had a short period in New York, before returning to fight in Brighton. They have all trained in a gym below sea level in Hove. It is a boxing shrine. Sebastian was unbeaten in two as a professional when he died in Dubai in 2021; it was announced as a heart attack, but his father is still trying to find out exactly what happened. Chris has spoken eloquently about his attempts at dealing with the immense grief of losing his son; the death of his brother, Simon, has added to his suffering. Working with Harlem has helped him get back on track; he remains an outspoken critic of the proposed fight between his son, Chris, and Conor Benn – the son of his own fiercest rival, Nigel. Chris Eubank Sr fought 52 times, was British boxing’s biggest attraction in the Nineties and is still a strong fixture on the celebrity circuit; he has been in some dark places since the death of his youngest son. On Friday, he will be with Harlem when a Eubank fights once again in Brighton; Harlem meets Germany’s Timo Schwarzkopf at the Brighton Centre. It is not a walkover. Eubank Sr defended his WBO middleweight title against Dan Sherry in Brighton in 1991 and only Harlem has fought in the seaside town since then; Harlem won his debut at the Metropole Hotel in 2017. Harlem’s father, Simon, had the hardest career of the lot. He fought as Simon Eubanks, and he was thrown in with world champions and British champions at short notice and with no chance of winning. He finished his career with seven wins from 27 fights. He was fearless and never went to lose; he never fought like a loser. Peter, who fought as Peter Eubanks, beat a young Barry McGuigan one night in Brighton in 1981 at the Corn Exchange. It was a big shock, but a fair result; Peter could fight. McGuigan won the rematch in Belfast. Peter lost 21 of his 35 fights but he was a real handful, not an easy journeyman to beat. The numbers are misleading for the twins, and handled differently and with care, they could have been very good fighters. It will be an emotional return for the Eubank fighting family at the Brighton Centre on Friday night. Harlem is unbeaten in 18 fights and will need to find some calm on that long walk to the ring to overcome Schwarzkopf. He will be walking through a tunnel of family members, family memories and local fans. He will also be walking in the footsteps of his father, uncles and cousins. It is a very serious homecoming. Read More What is an exhibition fight and how is it different to a professional bout? The Independent’s pound-for-pound boxing rankings Anthony Joshua reveals how much cannabis he smoked as a teenager
2023-11-08 01:24

Dozens of Canadians have left Gaza but hundreds remain
It's the first time Canadians have been able to leave the embattled enclave since the war began.
2023-11-08 01:22

US Wheat Exports Plunge to 20-Year Low as Mississippi River Dries Up
American wheat shipments dropped to the lowest ever, hampered by a shrinking Mississippi River and competition from ample
2023-11-08 01:22