A look at the day ahead in U.S. and global markets from Mike Dolan Global markets took a sharp intake

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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

Tycoon Rene Benko’s Signa filed for insolvency after a last-ditch attempt to raise emergency funding failed, making the

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UEFA is awaiting the match official’s reports before deciding whether to take action against Jose Mourinho for his rant at referee Anthony Taylor after Roma’s Europa League final defeat, the PA news agency understands. Roma boss Mourinho was critical of Taylor in his post-match press conference after his side’s penalty shoot-out defeat to Sevilla in Budapest on Wednesday night. And in video footage which later emerged on social media, the former Chelsea and Manchester United manager is seen gesticulating at Taylor and officials in the stadium car park and heard saying “disgrace”. Taylor booked Mourinho during the game, which finished 1-1 after extra time before Sevilla sealed their seventh Europa League triumph by winning 4-1 in a penalty shoot-out. Tempers simmered on and off the pitch in a disappointing final, with 13 players shown yellow cards, seven of them to Roma players, while fourth official Michael Oliver had his work cut out to keep control of both dug-outs. The game was littered with delays, with a total of 25 minutes’ stoppage time added to the 120 minutes of playing time. Mourinho lost for the first time in his sixth major European final, while Sevilla extended their record number of tournament wins following previous successes in 2006, 2007, 2014, 2015, 2016 and 2020. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

Jaravee Boonchant holed out from 128 yards for eagle on No. 10 on her second shot of the round and had a 7-under 64 for a share of the first-round lead with Linn Grant in the LPGA Tour’s Dana Open

SEATTLE--(BUSINESS WIRE)--Jun 12, 2023--

Nobel laureate Louise Glück has died

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Nearly two decades ago, Catholic priest Guilherme Peixoto started mixing up rock music at karaoke fundraisers for his debt-ridden parish in a small Portuguese village