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Portugal’s Prime Minister Resigns As His Government Is Involved In A Corruption Investigation

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LISBON, Portugal — Portuguese Prime Minister António Costa resigned on Tuesday after his administration was implicated in a sweeping corruption investigation, sending shockwaves through the European Union member’s generally placid politics.

Costa, Portugal’s Socialist leader since 2015, maintained his innocence but stated in a nationally televised address that “in these circumstances, obviously, I have presented my resignation to the president of the republic.”

The declaration came just hours after police detained his chief of staff during a raid on various governmental buildings and other locations as part of the investigation.

According to the state prosecutor’s office, the Supreme Court looks into suspects’ “use of the prime minister’s name and his involvement” in possibly illegal operations. The minister of infrastructure, Joo Galamba, and the head of the environmental agency were named as suspects, according to the report.

Portuguese President Marcelo Rebelo de Sousa swiftly accepted Costa’s resignation. He is widely likely to dissolve parliament and call new elections.

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Portugal’s Prime Minister Resigns As His Government Is Involved In A Corruption Investigation

In a statement, the president said he will assemble parliament on Wednesday and address the public after the Council of State meets on Thursday.

Costa sobbed as he thanked his family for their love and support.

“I totally trust the justice system,” he told reporters. “I want to say, eye to eye to the Portuguese, that no illicit or even reprehensible act weighs on my conscience.” He admitted he was not “above the law.”

“The dignity of the prime minister’s office is not compatible with any suspicion on his integrity, good conduct, and even less so with the suspicion that any criminal acts were committed,” he said.

The prosecutor’s office said in a statement that an investigation judge had issued arrest warrants for Vtor Escária, Costa’s chief of staff, the mayor of Sines, and three others because they posed a flight risk and to protect evidence.

The judge is looking into allegations of wrongdoing, corruption of elected officials, and influence peddling in connection with lithium mine concessions near Portugal’s northern border with Spain, as well as plans for a green hydrogen plant and data center in Sines on the south coast.

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Portugal’s Prime Minister Resigns As His Government Is Involved In A Corruption Investigation

The police raided the ministries of the environment and infrastructure, as well as the Sines municipal council and individual houses and workplaces.

The European Union is pushing and significantly funding Portugal’s lithium mines and green hydrogen projects as part of the continent’s green strategy. Costa is a strong supporter of the projects and a close ally of Spain’s acting Prime Minister, Pedro Sánchez.

Costa was destined to stay in office long after his Socialists won a landslide victory in elections last year.

However, his infrastructure and housing minister was forced to resign in December 2022 due to a public outrage over a 500,000-euro ($533,000) compensation payment to a board member of state-owned flag airline TAP Air Portugal. The infrastructure junior minister also resigned.

Since Costa’s party won the 2022 election, several prominent government officials have resigned.

Costa stated that he had no previous knowledge that legal authorities were investigating him.

“This is a phase of my life that comes to an end,” he told reporters.

SOURCE – AP

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New Croc Clogs Mean Matching Togs For Your Dogs

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Crocs, the foam footwear company, is known for its quirky designs, which range from cowboy boots to fried chicken-scented charms. Crocs is putting its best paw forward this month with the release of a range of clogs for dogs.

Crocs has partnered with pet supply provider and subscription service BARK to develop Pet Clogs as part of their annual “Croctober” campaign, which features a fan-inspired product.

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New Croc Clogs Mean Matching Togs For Your Dogs

Companies frequently release promotional or limited-time merchandise to increase brand awareness. Special flavors of sodas or candies, collaborations with influencers or other brands, and even items that aren’t meant to be taken seriously can all help a company gain attention and stand out in a crowded marketplace among shoppers fighting inflation and looking to stretch their dollars.

“(The market) is returning, from my perspective, to what it was before the pandemic, which is that key promotional periods are extremely important,” CEO Andrew Rees told analysts during an earnings call in August. “We believe you have to participate in those promotional periods to get your fair share of consumer spending.”

Americans have spent more money on their pets during the last decade. According to the Bureau of Labor Statistics, pet expenses climbed by 77.9% between 2013 and 2021.

Pet owners spent a total of $147 billion on pet-related expenses in 2023, with that figure expected to rise to $150.6 billion this year, according to the American Pet Products Association.

However, observers believe Crocs’ entry into the pet industry is more than simply another eye-catching marketing stunt; it is a show of the power of its devoted fan base.

The Power of Fandom
Despite — or perhaps because of — regular ridicule from fashionistas, Crocs has carved out a niche for themselves in mainstream culture. Its meme status and proclivity for going viral are aided by star-studded collaborations from Justin Bieber to Bad Bunny.

And sales of the footwear brand skyrocketed in 2020, owing to the increase of casual fashion during the pandemic.

“Crocs has a very strong base of fans, and it is very good at engaging with them via social channels and marketing campaigns,” said Neil Saunders, a retail analyst at GlobalData.

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New Croc Clogs Mean Matching Togs For Your Dogs

If you need proof of the power of its fans, look at how rapidly limited-edition releases sell out. In 2021, a pair of adult clogs modeled by the Disney/Pixar character Lightning McQueen from the film “Cars” sold out in less than an hour after debuting on the Crocs website.

Crocs’ continued success with its fans, which Saunders described as “cult-like,” may be due to its active interaction with its consumers, making even the most seemingly ludicrous fan requests a reality (see: Crocs inspired by the DreamWorks movie character “Shrek”).

According to Saunders, the introduction of Pet Crocs, which the business describes as “one of the most highly requested products in brand history,” is another move aimed at younger, more social media-savvy consumers.

“In many instances these will be fun purchases which people will share on social media, helping to amplify the Crocs brand,” according to him.

SOURCE | CNN

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Exploring the Best Mechanical Watches in Today’s Market

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Mechanical Watches

Curiously enough, despite the arrival of the smart watch with all its multitasking allure and its flashy functionality, mechanical watches have grown a lot in popularity over the past few years.

And though the Quartz revolution has made watches so much more affordable and accessible to everybody, the advance in manufacturing technology has brought to us in recent decades some outstanding mechanical timepieces that rival the affordability of higher-end Quartz ones.

If you’re looking for a mechanical watch that is worth it and is also affordable, you’ve come to the right place because today, we’re going to be listing the best mechanical watches in 2024.

Best Mechanical Watches

mechanical watches

Seiko Recraft

The Seiko Recraft is a wacky collection, out of which we prefer the SMK P27 with its lovely green dial and the rectangular case shape with slightly curved edges. It’s a rarity in the watch world, a vintage-inspired timepiece, reminiscent of the 1970s. The watch comes with only 50 meters of water resistance, an automatic movement without hacking function and without hand winding, and just a mineral crystal hard lex protecting the dial, but it’s an impressive timepiece nonetheless, and it costs a humble $275.

mechanical watches

Tissot Everytime Swissmatic

An elegant and affordable piece that costs around $400. It’s one of the best mechanical timepieces you can get for the money. The simplicity of its dial, the clean and minimalistic esthetic with that lovely contrast between the stark the dial and the silver hue of the case, hands and indices, really make for a stunning watch. And inside, there’s a reliable Swiss automatic movement with a hearty power reserve of 70 hours with an accuracy of plus or minus 10 seconds a day, proving to be quite a capable mechanical caliber, especially for that price.

mechanical watches

Citizen NJ0100 Automatic

One of the big Japanese names in affordable watches is Citizen and their NJ0100 Automatic proves to be quite a sight, powered by a Myota 8210 automatic movement with a water resistance of 50 meters. The price doesn’t exceed $150, so it’s perfect, but the fact that it’s an older model and not in production anymore makes it a little harder to find. But if you look around the internet, you should find plenty.

mechanical watches

Seiko Presage Cocktail Time Blue Moon

The Seiko Presage Cocktail Time Blue Moon is a real stunner. It may be a little more expensive at $440, but still on the affordable side, and it’s worth all those bucks. It comes in a 40.5 millimeter stainless steel case with an automatic four R-3-5 movement as it’s ticking hot, reliable, and with a 41-hour power reserve. But the most captivating part of this timepiece is that dark blue sunburst style, giving the watch an artistic and captivating look.

mechanical watches

Tufina Sahara Mechanical

The Tufina Sahara is among the most popular mechanical watches out there, one with a dressy look and plenty of variants to choose from. Our favorite is the rose gold one, which boasts a remarkable silver dial with an intricate skeleton composition, playing with light in such a way that it creates a mesmerizing show. On the technical side, it comes powered by a mechanical movement with 17 rubies, a 3 ATM water resistance, rhodium plated case, Alpha photoluminescent hands and a superb sapphire coated lens protecting the dial. The thin bezel and classic guarded crown gives this watch a very elegant look, and the fact that you can find it for about $990 makes it that much more appealing.

mechanical watches

Orient Kamaso

The Orient Kamaso is a worthy divers watch, bringing some impressive features for less than $300. The sapphire crystal glass, for example, is a rare feature on affordable watches. Then there’s the rugged stainless steel case that is depth rated for 200 meters, another feature that usually comes with higher price tags. When it comes to appearance, the Kamaso has a stunning black, blue, red, or green sunburst dial, complemented by the rotating vessel, finished in the same color. Under the dial, there’s an automatic Orient Calibur F692, a movement that’s said to be reliable and accurate.

mechanical watches

Dan Henry 1970 Automatic Diver

Remaining in the diving watch world, the Dan Henry 1970 Automatic Diver, a tribute to the Compressor case dive watchers that were the thing back in the late 1960s and early 1970s. It comes with the Seco NH-3 five automatic movement, water resistance of 200 meters, and in two case sizes, 40 millimeters and 44 millimeters. What we’re most impressed with is the beautiful and refreshing dial. It’s a classic, but it’s also one that departs from the similar designs that most divers have.

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Shein Faces Scrutiny In Italy Over Possible Greenwashing

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Italy’s antitrust police are looking into Shein, the online fast fashion behemoth, for potentially making false statements about its environmental efforts.

The country’s independent competition commission said in a statement that the greenwashing investigation would focus on Infinite Styles Serves Co. Limited, a Dublin-based company that manages Shein’s website and app.

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Shein Faces Scrutiny In Italy Over Possible Greenwashing

Shein was started in China and is now headquartered in Singapore. It has risen to prominence in the retail industry, thanks to a business model that enables it to produce garments in real-time and deliver it straight to clients from factories mostly in China.

That has allowed the company to sell things at extremely low prices and attract customers who can go to its website and buy $11 sweaters, $2 cellphone cases, and other items from a constantly updated range of stuff.

However, Shein’s detractors have long contended that the company’s tactics foster overconsumption and environmental waste, both of which the retailer claims it is attempting to address.

However, Italian regulators accuse the corporation of misleading customers with statements about the environmental sustainability of the apparel it sells. Environmental organisations have claimed that similar deceptive methods, known as greenwashing, occur throughout the corporate sector.

Italy’s anti-trust office, known in Italian as AGCM, claims that some of the environmental references on Shein’s Italian website are misleading or omit information. Images advertising Shein’s garments as sustainable are also made “through generic, vague, confused, and/or misleading environmental assertions,” according to the authority.

The watchdog specifically mentioned information from Shien’s “evoluShein” line, claiming that it may have misled consumers into believing that the clothing they purchased could be recycled.

AGCM also claimed that Shein’s website’s declared commitment to decarbonisation was in “apparent contradiction” with the increases in greenhouse gas emissions listed in Shein’s sustainability reports for 2022 and 2023.

The online shop stated that it would assist with the Italian probe.

shein

Shein Faces Scrutiny In Italy Over Possible Greenwashing

“We would also like to take this opportunity to reaffirm our commitment to complying with the laws and regulations in the markets where we operate and to maintaining transparency with our customers,” Shein said in a news release.

Shein has also faced issues in other parts of Europe. Critics and advocacy groups, including Amnesty International UK, have protested the company’s potential listing on the London Stock Exchange due to labour and environmental issues.

SOURCE | AP

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