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.
Wall Street's losses deepened as the ongoing fallout from the war in Iran keeps pushing oil prices higher. After briefly easing early Friday, crude oil prices rose again, bringing the benchmark oil price back above $100 a barrel. The S&P 500 fell 0.6%. The Dow Jones Industrial Average lost 0.3% and the Nasdaq composite dropped 0.9%.
PANAMA CITY (AP) – Panamanian investigators carried documents Thursday out of offices belonging to a Hong Kong-owned company that operated ports at either end of the Panama Canal until its concession was declared unconstitutional by the Supreme Court last month.
SEOUL, South Korea (AP) – North Korea on Saturday fired about 10 ballistic missiles toward the eastern sea, South Korea’s military said, staging its own show of force as the rival South conducts a joint military exercise with the United States. South Korea’s Joint Chiefs of Staff said the missiles were fired from an area near Pyongyang’s international airport.
BANGKOK (AP) – Hong Kong is protesting Panama’s seizure of two ports on a canal vital for global trade that were operated by a Hong Kong-based company for decades, the city’s government said Tuesday. Hong Kong’s Commerce and Economic Development Bureau said in a statement it had lodged “stern protests” with Panama’s consulate.
SAO PAULO (AP) – Former Brazilian President Jair Bolsonaro ‘s kidney function worsened at the intensive care unit to which he was transferred hours earlier, a hospital in the capital, Brasilia, said Saturday. The 70-year-old leader also has pneumonia and doctors say his medical situation is serious, but stable.
PANAMA CITY (AP) – The Panamanian government on Monday issued a decree ordering the occupation of two ports at the entrances of the Panama Canal, a move triggered by a final Supreme Court ruling that declared the operating concession held by Hong Kong-based company CK Hutchison unconstitutional.
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MEXICO CITY (AP) – The navies of El Salvador and Mexico announced drug seizures in the Pacific Ocean this week of more than 10 tonnes of cocaine, in contrast to deadly strikes by the U.S. government that just this week left 11 people dead on three boats suspected of carrying drugs in Latin American waters.
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