Business

Portugal to hold snap election in March after PM’s resignation

1 Mins read

Unlock the Editor’s Digest for free

Portugal’s president has called a snap general election for March, following the shock resignation of prime minister António Costa.

President Marcelo Rebelo de Sousa on Thursday night announced the March 10 date after Costa, a Socialist in power since 2015, resigned this week hours after prosecutors executed several arrest warrants and raids in an investigation into possible corruption and malfeasance by public officials.

The Socialists won an outright majority in the last vote in early 2022 and had been leading in the polls, but their standing versus the main opposition Social Democrats is likely to have been hurt by the corruption scandal, which relates to lithium mining and hydrogen production projects.

Read the full article here

Related posts
Business

Xi’s last frontier: China’s plan to transform its west

1 Mins read
Additional contributions by Haohsiang Ko, Chris Campbell and Annalee Mather. The location and route of the tunnel system for the hydropower dam…
Business

The power struggle in the world’s narrow seas

2 Mins read
It has become much harder to forget since the effective closure of the Strait of Hormuz. Hundreds rather than the usual thousands…
Business

Inside China’s plans to fight in space

1 Mins read
Satellite ephemerides data provided by Comspoc, a space situational awareness software company, and Spaceflux, a space domain awareness company. Historical launch and…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *