IBOV 175,681 ▼ 1.23% IPSA 10,967 ▼ 0.81% IPC MEX 66,051 ▼ 0.67% MERVAL 3,262,639 ▼ 0.54% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.39% USD/BRL5.13▲ 0.49% USD/MXN17.53▲ 0.35% USD/CLP931.00▲ 0.66% USD/COP3,242▼ 0.11% USD/PEN3.41▲ 0.45% USD/ARS1,482▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.30▼ 0.31% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.70% USD/TTD6.74▼ 0.12% EUR/BRL5.85▲ 0.47% BRENT 82.67 ▲ 8.76% WTI 77.63 ▲ 8.71% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.68% GOLD 4,001 ▼ 2.52% SILVER 57.77 ▼ 3.42% SOY 1,194 ▼ 0.19% CORN 462.75 ▲ 5.65% WHEAT 634.75 ▲ 0.44% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.25 ▼ 2.86% PETR4 40.80 ▲ 2.90% VALE3 72.56 ▼ 2.18% ITUB4 43.63 ▼ 1.51% BBDC4 18.74 ▼ 0.64% ABEV3 15.81 ▼ 0.06% BBAS3 20.23 ▼ 1.70% B3SA3 14.97 ▼ 2.92% WEGE3 44.49 ▼ 4.34% PRIO3 57.39 ▲ 3.50% SUZB3 41.52 ▼ 0.07% RENT3 40.33 ▼ 1.87% AZZA3 19.14 ▲ 0.21% CSAN3 3.91 ▼ 3.93% RAIZ4 0.33 ▼ 5.71% PCAR3 2.62 ▼ 4.03% GMAT3 3.94 ▼ 0.76% PSSA3 53.89 ▼ 1.96% CVCB3 1.24 ▼ 0.80% POSI3 3.93 ▼ 1.01% SLCE3 13.92 ▼ 0.71% NATU3 8.69 ▲ 0.12% BRKM5 6.76 ▲ 1.96% RANI3 7.95 ▼ 0.75% CSNA3 5.22 ▲ 0.77% CMIN3 5.52 ▲ 5.54% USIM5 8.34 ▼ 1.30% GGBR4 22.90 ▼ 0.48% ENEV3 26.88 ▼ 2.43% CPFE3 46.95 ▼ 1.92% CMIG4 11.10 ▼ 2.46% EQTL3 40.06 ▼ 2.08% LREN3 14.22 ▼ 2.74% VIVT3 35.02 ▼ 2.04% RAIL3 14.06 ▼ 2.09% KLABIN 17.51 ▼ 0.17% RAIA DROGASIL 18.25 ▼ 2.77% RDOR3 35.47 ▼ 1.53% HAPV3 10.38 ▼ 2.08% FLRY3 16.17 ▼ 1.52% SMTO3 16.67 ▲ 1.83% UGPA3 30.90 ▲ 0.62% VBBR3 32.96 ▼ 0.12% BBSE3 40.31 ▼ 0.10% BPAC11 57.66 ▼ 1.82% CURY3 33.37 ▼ 2.46% AERI3 2.07 ▼ 0.96% VIVARA 23.02 ▼ 2.17% COMPASS 24.74 ▼ 2.98% VAMOS 3.02 ▼ 1.31% SANB11 27.24 ▼ 1.38% ASAI3 8.70 ▼ 1.92% SBSP3 30.27 ▼ 2.70% WALMEX 49.60 ▲ 0.57% GMEXICO 195.39 ▼ 1.93% FEMSA 225.49 ▲ 0.98% CEMEX 21.60 ▼ 1.19% GFNORTE 183.19 ▼ 1.82% BIMBO 55.95 ▼ 0.27% TELEVISA 9.69 ▼ 0.41% AMX 22.92 ▲ 0.97% GAP 409.51 ▼ 0.72% ASUR 280.56 ▼ 1.60% OMA 233.40 ▼ 1.30% KOF 180.54 ▲ 0.22% GRUMA 283.07 ▼ 0.17% KIMBER 38.17 ▲ 0.26% SQM-B 67,184 ▼ 0.84% COPEC 6,107 ▼ 0.52% BSANTANDER 77.93 ▼ 1.35% FALABELLA 5,953 ▲ 0.82% ENELAM 85.05 ▼ 0.41% CENCOSUD 2,045 ▼ 0.00% CMPC 1,087 ▼ 2.01% BANCO CHILE 184.66 ▼ 2.23% LATAM AIR 25.44 ▼ 3.12% YPF 77,450 ▲ 4.10% GGAL 8,175 ▼ 1.92% PAMPA 5,285 ▲ 2.03% TXAR 667.00 ▼ 0.60% ALUAR 974.50 ▼ 0.10% TGS 9,710 ▲ 1.20% CEPU 2,357 ▼ 1.63% MIRGOR 16,975 ▼ 1.59% COME 44.95 ▼ 2.09% LOMA NEGRA 3,520 ▼ 1.74% BYMA 307.00 ▼ 2.23% TELECOM ARG 4,245 — 0.00% ECOPETROL 15.91 ▲ 2.12% BANCOLOMBIA 81.43 ▼ 1.83% GRUPO AVAL 4.97 ▼ 1.97% CREDICORP 389.66 ▼ 2.78% SOUTHERN COPPER 174.48 ▼ 0.77% BUENAVENTURA 29.76 ▼ 0.80% MERCADOLIBRE 1,871 ▲ 1.04% NUBANK 13.75 ▼ 0.07% XP 16.37 ▼ 3.28% PAGSEGURO 9.30 ▲ 0.49% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.32 ▼ 3.61% GAP AIRPORT 233.51 ▼ 0.90% ASUR 280.56 ▼ 1.60% OMA AIRPORT 106.63 ▼ 1.31% AMX ADR 26.11 ▲ 0.38% FEMSA ADR 128.78 ▲ 0.88% CEMEX ADR 12.33 ▼ 1.20% PETROBRAS ADR 17.84 ▲ 2.97% VALE ADR 14.09 ▼ 2.56% ITAU ADR 8.51 ▼ 1.33% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.49% CSN 1.03 ▲ 1.49% GERDAU 4.46 ▼ 0.89% LATAM ADR 54.44 ▼ 3.56% BTC 61,935 ▼ 2.86% ETH 1,758 ▼ 2.67% SOL 74.81 ▼ 2.68% XRP 1.06 ▼ 2.50% BNB 564.24 ▼ 1.69% ADA 0.16 ▼ 2.81% DOGE 0.07 ▼ 2.11% AVAX 6.43 ▲ 0.44% LINK 7.83 ▼ 1.99% DOT 0.83 ▼ 1.68% LTC 43.06 ▼ 2.07% BCH 235.75 ▼ 1.76% TRX 0.33 ▼ 1.84% XLM 0.18 ▼ 2.75% HBAR 0.07 ▼ 2.12% NEAR 1.91 ▲ 1.29% ATOM 1.53 ▼ 2.05% AAVE 94.26 ▼ 2.89% SELIC 14.25% EMBRAER 82.37 ▼ 2.64% EMBRAER ADR 64.48 ▼ 2.33% JBS 11.80 ▼ 0.97% JBS BDR 60.30 ▼ 0.79% MBRF3 15.90 ▲ 2.25% MBRFY 3.07 ▲ 1.66% INTER 5.65 ▼ 3.01% IBOV 175,681 ▼ 1.23% IPSA 10,967 ▼ 0.81% IPC MEX 66,051 ▼ 0.67% MERVAL 3,262,639 ▼ 0.54% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.39% USD/BRL 5.13 ▲ 0.49% USD/MXN 17.53 ▲ 0.35% USD/CLP 931.00 ▲ 0.66% USD/COP 3,242 ▼ 0.11% USD/PEN 3.41 ▲ 0.45% USD/ARS 1,482 ▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.30 ▼ 0.31% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▼ 0.30% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.85 ▲ 0.47% BRENT 82.67 ▲ 8.76% WTI 77.63 ▲ 8.71% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.68% GOLD 4,001 ▼ 2.52% SILVER 57.77 ▼ 3.42% SOY 1,194 ▼ 0.19% CORN 462.75 ▲ 5.65% WHEAT 634.75 ▲ 0.44% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.25 ▼ 2.86% PETR4 40.80 ▲ 2.90% VALE3 72.56 ▼ 2.18% ITUB4 43.63 ▼ 1.51% BBDC4 18.74 ▼ 0.64% ABEV3 15.81 ▼ 0.06% BBAS3 20.23 ▼ 1.70% B3SA3 14.97 ▼ 2.92% WEGE3 44.49 ▼ 4.34% PRIO3 57.39 ▲ 3.50% SUZB3 41.52 ▼ 0.07% RENT3 40.33 ▼ 1.87% AZZA3 19.14 ▲ 0.21% CSAN3 3.91 ▼ 3.93% RAIZ4 0.33 ▼ 5.71% PCAR3 2.62 ▼ 4.03% GMAT3 3.94 ▼ 0.76% PSSA3 53.89 ▼ 1.96% CVCB3 1.24 ▼ 0.80% POSI3 3.93 ▼ 1.01% SLCE3 13.92 ▼ 0.71% NATU3 8.69 ▲ 0.12% BRKM5 6.76 ▲ 1.96% RANI3 7.95 ▼ 0.75% CSNA3 5.22 ▲ 0.77% CMIN3 5.52 ▲ 5.54% USIM5 8.34 ▼ 1.30% GGBR4 22.90 ▼ 0.48% ENEV3 26.88 ▼ 2.43% CPFE3 46.95 ▼ 1.92% CMIG4 11.10 ▼ 2.46% EQTL3 40.06 ▼ 2.08% LREN3 14.22 ▼ 2.74% VIVT3 35.02 ▼ 2.04% RAIL3 14.06 ▼ 2.09% KLABIN 17.51 ▼ 0.17% RAIA DROGASIL 18.25 ▼ 2.77% RDOR3 35.47 ▼ 1.53% HAPV3 10.38 ▼ 2.08% FLRY3 16.17 ▼ 1.52% SMTO3 16.67 ▲ 1.83% UGPA3 30.90 ▲ 0.62% VBBR3 32.96 ▼ 0.12% BBSE3 40.31 ▼ 0.10% BPAC11 57.66 ▼ 1.82% CURY3 33.37 ▼ 2.46% AERI3 2.07 ▼ 0.96% VIVARA 23.02 ▼ 2.17% COMPASS 24.74 ▼ 2.98% VAMOS 3.02 ▼ 1.31% SANB11 27.24 ▼ 1.38% ASAI3 8.70 ▼ 1.92% SBSP3 30.27 ▼ 2.70% WALMEX 49.60 ▲ 0.57% GMEXICO 195.39 ▼ 1.93% FEMSA 225.49 ▲ 0.98% CEMEX 21.60 ▼ 1.19% GFNORTE 183.19 ▼ 1.82% BIMBO 55.95 ▼ 0.27% TELEVISA 9.69 ▼ 0.41% AMX 22.92 ▲ 0.97% GAP 409.51 ▼ 0.72% ASUR 280.56 ▼ 1.60% OMA 233.40 ▼ 1.30% KOF 180.54 ▲ 0.22% GRUMA 283.07 ▼ 0.17% KIMBER 38.17 ▲ 0.26% SQM-B 67,184 ▼ 0.84% COPEC 6,107 ▼ 0.52% BSANTANDER 77.93 ▼ 1.35% FALABELLA 5,953 ▲ 0.82% ENELAM 85.05 ▼ 0.41% CENCOSUD 2,045 ▼ 0.00% CMPC 1,087 ▼ 2.01% BANCO CHILE 184.66 ▼ 2.23% LATAM AIR 25.44 ▼ 3.12% YPF 77,450 ▲ 4.10% GGAL 8,175 ▼ 1.92% PAMPA 5,285 ▲ 2.03% TXAR 667.00 ▼ 0.60% ALUAR 974.50 ▼ 0.10% TGS 9,710 ▲ 1.20% CEPU 2,357 ▼ 1.63% MIRGOR 16,975 ▼ 1.59% COME 44.95 ▼ 2.09% LOMA NEGRA 3,520 ▼ 1.74% BYMA 307.00 ▼ 2.23% TELECOM ARG 4,245 — 0.00% ECOPETROL 15.91 ▲ 2.12% BANCOLOMBIA 81.43 ▼ 1.83% GRUPO AVAL 4.97 ▼ 1.97% CREDICORP 389.66 ▼ 2.78% SOUTHERN COPPER 174.48 ▼ 0.77% BUENAVENTURA 29.76 ▼ 0.80% MERCADOLIBRE 1,871 ▲ 1.04% NUBANK 13.75 ▼ 0.07% XP 16.37 ▼ 3.28% PAGSEGURO 9.30 ▲ 0.49% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.32 ▼ 3.61% GAP AIRPORT 233.51 ▼ 0.90% ASUR 280.56 ▼ 1.60% OMA AIRPORT 106.63 ▼ 1.31% AMX ADR 26.11 ▲ 0.38% FEMSA ADR 128.78 ▲ 0.88% CEMEX ADR 12.33 ▼ 1.20% PETROBRAS ADR 17.84 ▲ 2.97% VALE ADR 14.09 ▼ 2.56% ITAU ADR 8.51 ▼ 1.33% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.49% CSN 1.03 ▲ 1.49% GERDAU 4.46 ▼ 0.89% LATAM ADR 54.44 ▼ 3.56% BTC 61,935 ▼ 2.86% ETH 1,758 ▼ 2.67% SOL 74.81 ▼ 2.68% XRP 1.06 ▼ 2.50% BNB 564.24 ▼ 1.69% ADA 0.16 ▼ 2.81% DOGE 0.07 ▼ 2.11% AVAX 6.43 ▲ 0.44% LINK 7.83 ▼ 1.99% DOT 0.83 ▼ 1.68% LTC 43.06 ▼ 2.07% BCH 235.75 ▼ 1.76% TRX 0.33 ▼ 1.84% XLM 0.18 ▼ 2.75% HBAR 0.07 ▼ 2.12% NEAR 1.91 ▲ 1.29% ATOM 1.53 ▼ 2.05% AAVE 94.26 ▼ 2.89% SELIC 14.25% EMBRAER 82.37 ▼ 2.64% EMBRAER ADR 64.48 ▼ 2.33% JBS 11.80 ▼ 0.97% JBS BDR 60.30 ▼ 0.79% MBRF3 15.90 ▲ 2.25% MBRFY 3.07 ▲ 1.66% INTER 5.65 ▼ 3.01%
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Portugal’s Prime Minister Steps Down Amid Probe

By · November 7, 2023 · 2 min read

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On Tuesday, November 7, 2023, Portugal’s Prime Minister, António Costa, chose to resign.

This action came after a legal inquiry began, looking into green energy projects involving lithium and hydrogen.

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Costa, surprised by the investigation, stated his readiness to serve until the legislature’s end.

Now, President Marcelo Rebelo de Sousa will outline the next steps, and Costa has agreed to assist in the justice process.

After the resignation, President Sousa arranged urgent meetings with the country’s political leaders and the Council of State.

Following these sessions, the President will address the nation. Meanwhile, news from CNN Portugal revealed the arrest of five individuals.

These arrests include Diogo Lacerda Machado, known as Costa’s personal friend, his chief of staff, Vítor Escária, and the Sines mayor, Nuno Mascarenhas.

Portugal's Prime Minister Steps Down Amid Probe. (Photo Internet reproduction)
Portugal’s Prime Minister Steps Down Amid Probe. (Photo Internet reproduction)
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Authorities carried out search warrants at multiple sites, including the Ministry of Environment and Climate Action, the Ministry of Infrastructure, and the State Secretariat for Energy and Climate.

The operations also extended to the Sines Town Hall and additional offices as part of a coordinated effort.

The Public Prosecutor’s Office is probing irregularities in lithium mining operations and scrutinizing a hydrogen energy initiative and a data center project in Sines.

These inquiries aim to ensure transparency and legality in public sector activities and private-sector partnerships.

Background

Portugal’s energy sector faces new scrutiny. The country has worked hard to lead in clean energy, focusing on wind and sun power.

Recently, attention turned to lithium and hydrogen because Portugal has lots of lithium. These steps aimed to make Portugal a key player in Europe’s switch to clean energy.

Since 2015, Prime Minister António Costa has pushed for green progress and economic healing.

His leadership won praise for helping Portugal’s economy recover and boosting clean energy.

But now, questions about how fair and right these energy deals are have cast a shadow.

This investigation shows Portugal’s big test: to dream big with green goals while still making fair decisions.

Portugal wants to use what the land gives in a good and lawful way.

What happens after this investigation will shape how Portugal makes laws and keeps its promise for a cleaner future.

 

 

 

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