Panama's President José Raúl Mulino is trying to stem the flow of migrants crossing the treacherous Darien Gap, a 70-mile stretch of jungle near the Panama-Colombia border.
Often called one of the seven modern wonders of the world, the Panama Canal splits the continents of North and South America and launched a new era in global commerce when it opened in 1914.
THE Bank of Nova Scotia (Scotiabank) has announced plans to exit its operations in Colombia, Costa Rica, and Panama, transferring these businesses to Banco Davivienda S.A. As part of the agreement, Scotiabank will acquire a 20 per cent stake in the Colombian bank.
We follow one young Venezuelan woman’s journey on the deadly migration route
Scotiabank has finalized an agreement to transfer its banking operations in Colombia, Costa Rica, and Panama to Colombian bank Davivienda.
Doubling down on his pre-inauguration threat to reimpose U.S. control over the canal, Trump, in his inauguration speech Monday, again accused Panama of breaking the promises it made for the final transfer of the strategic waterway in 1999 and of ceding its operation to China — claims that Panama has vehemently denied.
Panama President José Raúl Mulino has directly addressed President Donald Trump 's controversial comments regarding the Panama Canal, reaffirming that the waterway unequivocally belongs to Panama.
The answer is simple: there is no greater or more idealistic symbol of U.S. power in the world than the Panama Canal. As Trump seeks a way to enhance the country's power in the world, leaning on imagery regarding the Panama Canal provides just the right message.
Donald Trump and his cohorts want to take back the Panama Canal. According to Trump and those who support this desire, this is because China controls the canal. To begin, the second sentence is a bald-faced lie used to justify a narrative that is rampant with lies.
Panama has owned and administered the Panama Canal for nearly three decades. President Trump wants to change that to counter growing Chinese influence in Latin America.
Roughly 5% of all global trade flows through the canal’s 50-mile (80-kilometer) stretch each year, with the largest chunk being cargo heading between the East Coast of the United States and Asia. About 40% of all US containers go through it, and more than 70% of the canal’s cargo is headed either to or from America.