A court in Panama has acquitted 28 people who were prosecuted in connection with tax evasion and money-laundering scandals – including those detailed in the so-called 2016 “Panama Papers,” which highlighted how some of the world’s rich and powerful use tax havens to hide their...
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Canadian mining company First Quantum Minerals is waiting for the results of Panama’s presidential election on May 5 before deciding what to do with the shuttered Cobre Panama copper mine. As the Canadian Press reported, First Quantum Minerals closed the mine in November after Panamanians took...
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Panama’s supreme court ruled Tuesday that the government’s contract with Canadian company First Quantum Minerals is unconstitutional, a ruling that followed mass protests against the lucrative deal as the Central American country prepares for elections next year, Reuters reported. The verdict is centered over a new...
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Mass protests continued in Panama this week over the government’s contract with First Quantum Minerals, which grants the Canadian company mining rights to a significant portion of the country’s land, the Washington Post reported. The unrest has seen demonstrators block key arterial roads and vandalize businesses....
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A law revoking a major mining contract with a Canadian mining company passed the first of two votes in Panama’s National Assembly Wednesday, a bill that would render a proposed referendum on the controversial contract unnecessary, Bloomberg reported. A legislative committee this week had approved putting...
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Officials operating the Panama Canal recently capped the number of ships passing through the commercial waterway to 31 a day, compared with 32 in August and an average of 36 a month, due to a drought that lowered water levels. This seemingly minor change matters because...
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The Panama Canal will extend transit restrictions for cargo ships because of drought-induced low water levels, Panamanian authorities announced this week, a move that could cause further disruptions to global supply chains, Al Jazeera reported. Earlier this year, canal officials issued a series of restrictions on...
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Thousands of Panamanians took to the streets across the country this week to protest rising fuel prices and government corruption, the first time inflation has become a problem in the wealthy Central American nation, the Associated Press reported. Indigenous groups, workers’ and teachers’ unions marched across...
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