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...Junk ratings from two of the three leading credit agencies would end Panama’s investment-grade status....
...Panama’s bonds lost their investment grade rating from Fitch on Thursday, months after the country decided to close one of the world’s largest copper mines, which exacerbated fiscal pressures....
...Meanwhile the recent cancellation of the contract underlying one of the world’s largest copper mines means Panama faces potentially costly arbitration cases....
...Panama’s Supreme Court ruled on Tuesday that a new contract given to a Canadian company to operate one of the world’s largest copper mines was unconstitutional, just weeks after its award sparked mass protests...
...Panama said 500,000 migrants crossed last year, twice the number a year earlier, and almost four times the 130,000 who crossed in 2021....
...Thousands took to the streets of Panama City to protest after congress approved a renegotiated contract for the project last month....
...But the Suez and Panama Canal routes have few viable alternatives....
...Panama had been on the Financial Action Task Force’s grey list for much of the last decade over its weak controls on money laundering....
...The number of ships allowed to cross the Panama Canal daily will be slashed in the coming months as climate change increasingly rocks global trade....
...“Those numbers would be crippling for a country like Panama.”...
...He added: “Panama remains open for business — green business.”...
...whether to revoke licences for its Cobre Panama mine....
...“The Panama Canal urges its customers to make reservations in order to transit as programmed.”...
...Simultaneous disruption in the Panama and Suez canals, two vital corridors for global trade, is threatening global supply chains in the run-up to Christmas....
...One of the worst droughts on record has hit the Panama Canal, which relies on huge freshwater volumes for its operation, this year....
...It had been unclear whether Martinelli, who governed Panama from 2009 to 2014, would be able to extend the appeals process enough in order to run....
...Specification: Supply chains, Climate change Click to view the article below and then answer the questions: Severe drought in Panama hits global shipping industry “The Panama Canal is really the wild...
...[MUSIC PLAYING] Marc Filippino The Panama Canal is the gateway for shipping trade between the Atlantic and Pacific oceans....
...Read more about Panama here....
...Panama’s former president Ricardo Martinelli was sentenced to 10 years in prison for money laundering on Tuesday, throwing into question the popular politician’s bid to be re-elected next year....
...They looked at the possible consequences if both the Panama and Suez Canals become impassable....
...And it’s pressed the governments of Panama and Colombia to do something about it....
...Panama is also affected by El Niño, which happens every two to seven years....
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