PANAMA CITY (AP) – Panama Canal Administrator Ricaurte Vásquez said Thursday that the conflict in the Middle East and rising fuel costs could ultimately benefit the interoceanic waterway as global shippers adjust routes.
NEW YORK (AP) - Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve. The S&P 500 fell 1.5% to close its fourth straight losing week, its longest such streak in a year. The Dow Jones Industrial Average dropped 443 points, or 1%, and the Nasdaq composite tumbled 2%.
DORAL, Fla. (AP) – President Donald Trump said Saturday that the United States and Latin American countries are banding together to combat violent cartels as his administration looks to demonstrate it remains committed to sharpening U.S. foreign policy focus on the Western Hemisphere even while dealing with five-alarm crises around the globe.
On one of the holiest days on the Islamic calendar, Iran fired on Israel and energy sites in neighboring Gulf Arab states, insisting that it can still build missiles and issuing a new threat: to deny safety to its enemies in “parks, recreational areas and tourist destinations” worldwide. Israel meanwhile pounded Tehran with airstrikes as Iranians marked Nowruz, the Persian New Year.
HONG KONG (AP) – A subsidiary of a Hong Kong-based company that has lost control of two critical ports on the Panama Canal said it is seeking $2 billion of compensation in damages from Panama over its “illegal” takeover of the ports.
NEW YORK (AP) – CBS News said Friday it is shutting down its storied radio news service after nearly 100 years of operation as part of a round of layoffs, blaming a shift in radio station programming strategies and challenging economic times.
WASHINGTON (AP) – Three years after Honduras parted ways with Taiwan and forged diplomatic ties with China in hope of economic gain, shrimp farmers in the Central American country are in revolt. Their sales to Taiwan fell to a mere $16 million in 2025, down from more than $100 million in 2022, and the Chinese didn’t fill the void as hoped.
Excerpts from recent editorials in the United States and abroad:
PANAMA CITY (AP) – Two ports run for years by a Hong Kong-based company at either end of the Panama Canal have thrust Panama into a geopolitical tug-of-war between the United States and China. Even before taking office for his second term, U.S. President Donald Trump complained that China was running the Panama Canal.
°C
