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Facing off at WJW Fox 8 Studios in Cleveland, businessman Bernie Moreno, Ohio Secretary of State Frank LaRose and state Sen. Matt Dolan generally agreed on a few issues. They declined to say anything critical of former President Donald Trump, who has endorsed Moreno, and called for fully securing the southern U.S. border. LaRose called earlier Monday for Democratic President Joe Biden to deploy three military divisions to the border, which Dolan said was irresponsible. “We need to work with the Mexican government, we need to be tough with the Mexican government,” he said. Moreno, pointing to Dolan, replied: “If you want Liz Cheney to represent you in the United States Senate from Ohio, here's your choice, because that's where his position comes from.

Persons: Sherrod Brown, Bernie Moreno, Frank LaRose, Sen, Matt Dolan, Donald Trump, Moreno, Dolan, “, LaRose, Joe Biden, ”, Trump, Colleen Marshall, Joe Toohey, there's, ” Moreno, Liz Cheney, that's, ” Cheney, lobbed, Katie Smith, “ I'm, Biden, Brown, haven't Organizations: CLEVELAND, Democratic, U.S, Senate, GOP, WJW Fox, Studios, Green Beret, Biden, “, United States, Republican, Trump, Democrats, ” Ohio Democratic, Cleveland, Cleveland Guardians Locations: Cleveland, Bernie Moreno , Ohio, U.S, Massachusetts, Ohio, Wyoming

☆ Spirit Airlines Is on Shaky Footing After Judge Blocks JetBlue Deal
▼ + stars: | 2024-01-19 | by ( J. Edward Moreno | ) www.nytimes.com time to read: 1 min

Spirit Airlines, once a fast-growing low-cost carrier, is struggling to convince investors that it has a clear path forward after an antitrust ruling blocked the sale of the company to JetBlue Airways. A federal judge in Boston blocked the proposed merger on Tuesday, concurring with the Justice Department that the deal would hurt consumers by reducing their choices and raising fares. Before it struck a deal with JetBlue in July 2022, Spirit was struggling. Unlike larger airlines, it never fully recovered from the early days of the pandemic in 2020. Some airline experts say the carrier might have to file for bankruptcy protection.

Persons: Spirit Organizations: Airlines, JetBlue Airways, Justice Department, JetBlue Locations: Boston

☆ Trump-backed Ohio Senate candidate shredded documents as he faced a lawsuit accusing him of wage theft
▼ + stars: | 2024-01-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

That sum was then counted toward any overtime hours worked, a standard practice at the time that was consistent with federal law. AdvertisementFurthermore, Moreno argued that Adem had never worked any overtime hours and that his dealerships' work culture was more generous than his nearby competitors'. Moreno, who also ran in the 2022 Senate election in Ohio, had dropped out of the race the previous month. The judge later ordered Moreno to pay out a total of $416,160, including compensation for the overtime hours worked, damages, and legal fees, in November. AdvertisementOne lawsuit had been withdrawn, while the judge dismissed the other case after the salesperson failed to appear for a hearing.

Persons: —, Bernie Moreno, Moreno, Democratic Sen, Sherrod Brown, Donald Trump, Republican Sen, JD Vance, Bernie, Conor McGuinness, Omar Adem —, Burlington , Massachusetts —, Adem —, Moreno —, Adem, Anna Moneymaker, salespeople, Vance, Joe Maiorana, Michael Ricciuti, Ricciuti Organizations: Service, Ohio Senate, Business, Columbus Dispatch, Democratic, Republican, GOP, Republicans, Democrats, Associated Press, Benz, Nissan, Trump, AP, US Locations: Ohio, Massachusetts, Burlington , Massachusetts, Cleveland, Delaware , Ohio

☆ Stocks Are in a Bull Market. What Does That Mean?
▼ + stars: | 2024-01-19 | by ( J. Edward Moreno | ) www.nytimes.com time to read: 1 min

What makes this a bull market? “Bull market” isn’t an official designation. But on Wall Street, there are two common ways the label gets applied. One says a bull market is confirmed when a major index like the S&P 500 climbs 20 percent above its most recent low. By that standard, the bull market was confirmed in June, when the S&P 500 closed 20 percent above its October 2022 low.

☆ Bitcoin slides back to $40,000 as post-ETF correction deepens
▼ + stars: | 2024-01-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Cryptocurrencies tumbled on Thursday, with bitcoin falling back to $40,000. Bitcoin last traded lower by 3.6% at $41,167.14, according to Coin Metrics. The move in bitcoin weighed on crypto-related stocks, too. "We are still in the correction post-ETF launch," said Julio Moreno, head of research at crypto data provider CryptoQuant. "Short-term traders and large bitcoin holders are still doing significant selling in a context of a risk-off attitude," he added.

Persons: Cryptocurrencies, bitcoin, Bitcoin, Microstrategy, Iris Energy, Julio Moreno Organizations: Metrics, Miners, Marathon, Iris Locations: bitcoin

Two accused Moreno and Bernie Moreno Cos. of gender and age discrimination, respectively. The third, in which Moreno was not named, alleged race discrimination against a dealership run by a BMC subsidiary. A campaign spokesman said that the two employees who sued Moreno directly now support his Republican U.S. Senate campaign and that Moreno, who was born in Bogotá, Colombia, prided himself on giving equal opportunities to all his workers. Female former dealership supervisor Cara Wilson, then of Streetsboro, in Portage County, alleged Moreno repeatedly belittled her about being a mother, sometimes in front of her peers. In response to the AP's reporting, the Moreno campaign produced an open letter signed by 23 former female employees vouching that he treated them fairly and respectfully.

Persons: — Bernie Moreno, Moreno, Bernie Moreno Cos, Donald Trump, Frank LaRose, Sen, Matt Dolan, “ Bernie Moreno, MAGA, ” Trump, Jim Jordan, Ohio, Ken Blackwell, Democratic U.S . Sen, Sherrod Brown, Brown, Cara Wilson, Streetsboro, belittled, ”, Wilson, Moreno “, Ronell Thompson, Peter Mabley, Thompson, Dolores Wolfe, Wolfe, Conor McGuinness, “, Bernie, Robert Foehl, Foehl, it's, “ It’s, Andres Gomez Organizations: Trump, Senate, Cleveland, Associated, BMC, Republican U.S, Ohio, GREAT, United States Senate, U.S . Rep, GOP, Democratic U.S ., AP, Akron Infiniti, M9 Motors, Ohio University, M10 Motors, Gables Infiniti Locations: COLUMBUS , Ohio, Cuyahoga County, Bogotá, Colombia, Ohio, Portage County, Akron, Cleveland, Rocky, New York, U.S, Florida

☆ Judge Blocks JetBlue From Acquiring Spirit Airlines
▼ + stars: | 2024-01-16 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

A federal judge on Tuesday blocked JetBlue Airways’ proposed $3.8 billion acquisition of Spirit Airlines, a victory for the Department of Justice, which argued that the deal would harm travelers. The proposed merger would have created the nation’s fifth-largest airline. The Justice Department had argued that smaller, low-cost airlines like Spirit help reduce fares and that allowing the company to be acquired by JetBlue, which tends to charge higher prices than Spirit, would have hurt consumers. The four largest U.S. airlines — American Airlines, Delta Air Lines, Southwest Airlines and United Airlines — control about two-thirds of the market. The merger would have given JetBlue a market share of 10 percent, still shy of United, the fourth-largest U.S. airline, which has 16 percent.

Persons: William G . Young Organizations: JetBlue Airways ’, Spirit Airlines, Department of Justice, U.S, District, Massachusetts, Justice Department, The Justice, JetBlue, — American Airlines, Delta Air Lines, Southwest Airlines, United Airlines, U.S .

United’s goals, scored by Rasmus Hojlund and Marcus Rashford, were things of beauty at the start and end of the first half. Ratcliffe, the owner of petrochemicals giant INEOS, agreed last month to buy a minority stake in United and will take charge of United’s soccer operations. The deal requires Premier League approval, which Ratcliffe said Sunday he expects to come next month. “I have done a few exciting things," the British billionaire told media before kickoff, "but this caps it all. MISSED OPPORTUNITYAston Villa's players headed to Everton seeking a win to move level on points with league leader Liverpool, the team from just across Stanley Park.

Persons: Alex Ferguson, Jim Ratcliffe, Rasmus Hojlund, Marcus Rashford, —, Rodrigo Bentancur, Andre Onana, James Maddison, Son Heung, Yves Bissouma, Ratcliffe, “, ”, Ange Postecoglou, Timo Werner, Bentancur, Aston, Alex Moreno, Emiliano Martinez, Everton, ___ Steve Douglas Organizations: Manchester United, Tottenham, Premier League, United, England’s Champions, Spurs, Europe’s, ” Tottenham, Everton, Liverpool, Goodison, Villa, Manchester City Locations: Old Trafford, United, Germany, Stanley, Manchester, Villa

☆ Costa Rica Arrests Ex-Panama Presidential Hopeful Tied to Money Laundering Case
▼ + stars: | 2023-12-05 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +2 min

SAN JOSE/PANAMA CITY (Reuters) - Costa Rican police on Tuesday arrested Panamanian businessman and former presidential hopeful David Ochy on charges of fraud and money laundering, judicial authorities said on Tuesday, following an Interpol request. Ochy was wanted by Interpol for being central to a case linked to former Panamanian President Ricardo Martinelli, who was in July sentenced to over a decade in prison for money laundering. Ochy enrolled as a presidential pre-candidate for Martinelli's Realizing Goals party ahead of the 2024 vote, which protected him from facing trial in the Martinelli case last summer. Ochy faces criminal charges for money laundering and using a fraudulent Costa Rican identity card, Zuniga said. Carlo Diaz, who heads Costa Rica's state attorney's office, said he could be extradited to neighboring Panama though he must first face criminal proceedings in Costa Rica and could even serve a prison sentence there.

Persons: David Ochy, Ochy, Ricardo Martinelli, Martinelli, Randall Zuniga, Zuniga, Carlo Diaz, Javier Caraballo, Alvaro Murillo, Elida Moreno, Sarah Morland, Sandra Maler Organizations: JOSE, PANAMA CITY, Tuesday, Interpol, Central American Locations: PANAMA, Costa Rican, Panamanian, Costa Rica, Rican, Caribbean, Pococi, Costa Rica's, Panama, San Jose, Panama City

☆ John Fetterman defends giving money to George Santos on Cameo: 'Get over it'
▼ + stars: | 2023-12-05 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Sen. John Fetterman paid George Santos $343 for a Cameo video trolling Sen. Bob Menendez. He's not the only Democrat giving Santos money for Cameo, and some say it's wrong. In the Cameo video, Santos urges "Bobby from New Jersey" to "stand your ground" and not "get bogged down by all the haters out there." "I don't think Mr. Clickbait's donors would appreciate him enriching George Santos," Menendez told NBC News. AdvertisementThe Pennsylvania senator isn't the only Democrat who's forked money over to Santos since he fired up a Cameo account on Monday.

Persons: Sen, John Fetterman, George Santos, Bob Menendez, He's, Santos, —, Fetterman, Democratic Sen, Bobby, Menendez, @BobMenendezNJ, y8iX55EyNi, I'm, isn't, who's, Bernie Moreno Organizations: Service, Republican Rep, George Santos of New, Democratic, Bob Menendez of New, NBC, Santos, The Ohio Democratic Party, Republican Senate Locations: Pennsylvania, George Santos of, Bob Menendez of, Bob Menendez of New Jersey, New Jersey, Jersey

NASHVILLE, Tenn. (AP) — The Los Angeles Angels will not trade three-time AL MVP Mike Trout, general manager Perry Minasian confirmed at MLB's winter meetings on Tuesday. “Mike Trout will not be getting traded, 100%,” Minasian told MLB.com and other outlets. Trout is under contract through 2030, and he makes $35.45 million annually with a full no-trade clause. Ohtani met with the Dodgers in the past few days, their general manager, Dave Roberts, said Tuesday. The Angels will play next year under new manager Ron Washington, who said last month that Trout and Anthony Rendon are key leaders and players for the club.

Persons: Mike Trout, Perry Minasian, Minasian, Arte Moreno's, ” Minasian, Trout, —, ” Trout, Shohei Ohtani, Ohtani, Dave Roberts, Ron Washington, Anthony Rendon, Rendon, ___ Organizations: Los Angeles Angels, Angels, Dodgers, Los Angeles Locations: Tenn, Anaheim, Los Angeles, Los

☆ Exclusive: Panama may slash GDP growth view due to suspension of First Quantum mine
▼ + stars: | 2023-12-04 | by ( Elida Moreno | ) www.reuters.com time to read: +2 min

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. Some experts calculate Panama would have to pay at least $50 billion if it loses the case, equivalent to nearly 70% of GDP. Ahead of the supreme court ruling, S&P revised Panama's outlook to negative from stable on potential risks to investor confidence and economic growth if the contract was found invalid. For First Quantum, the developments in Panama could be a repeat of its experience in the Democratic Republic Of Congo. The miner exited the African nation in 2012 after its mining contract was cancelled.

Persons: Hernan Arboleda, Laurentino Cortizo, Panamanians, Arboleda, Elida Moreno, Valentine Hilaire, Anthony Esposito, Edwina Gibbs Organizations: Minerals, REUTERS, Aris Mart, PANAMA CITY, Reuters, Gross, Panama, JPMorgan, Democratic, Thomson Locations: Panama, Donoso, PANAMA, Democratic Republic Of Congo

MP Materials (MP.N), Lynas Rare Earths (LYC.AX) and other Western rare earths companies have struggled at times to deploy it due to technical complexities and pollution concerns. "The existing rare earths refining process is a nightmare," said Isabel Barton, a mining and geological engineering professor at the University of Arizona. Fannon and several U.S. politicians have called for Western governments to create central rare earths processing hubs, a plan already being pursued by Canada. In Saskatchewan, government scientists are working to launch their own rare earths processing technology after attempts to buy Chinese technology sputtered in 2020. "These new sources for rare earths are going to be paramount if we're going to reach global net zero targets," said Steve Schoffstall of the Sprott Energy Transition Materials ETF (SETM.O), which holds shares in several rare earths companies.

Persons: Isabel Barton, Michael Schrider, Ucore, Luisa Moreno, REETec, Robert Fox, Frank Fannon, Mike Crabtree, Crabtree, Steve Schoffstall, Ernest Scheyder, Veronica Brown, Claudia Parsons Organizations: International Energy Agency, University of Arizona, U.S . Air Force, Pentagon, Defense Metals, U.S . Department of Energy's, U.S . Department of Energy's Idaho National Laboratory, Saskatchewan Research Council, SRC, Ucore, Reuters, Thomson Locations: ALEXANDRIA, Louisiana, China, United States, U.S, American, Alaska, of New Orleans, British Columbia, South Africa, Florida, Norway, Massachusetts, U.S . Department of Energy's Idaho, Wyoming, Canada, Saskatchewan

☆ Who’s Who Behind the Dawn of the Modern Artificial Intelligence Movement
▼ + stars: | 2023-12-03 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: 1 min

While artificial intelligence has taken the limelight over the past year, technology that can appear to operate like human brains has been top of mind for researchers, investors and tech executives in Silicon Valley and beyond for more than a decade. Image Credit... Jim Wilson/The New York TimesSam AltmanMr. Altman is the chief executive of OpenAI, the San Francisco A.I. lab that made the chatbot ChatGPT that went viral over the past year and ushered in recognition of the power of generative artificial intelligence. Mr. Altman helped start OpenAI after meeting with Elon Musk about the technology in 2015. At the time, Mr. Altman ran Y Combinator, the Silicon Valley start-up incubator.

Persons: Jim Wilson, New York Times Sam Altman Mr, Altman, San Francisco A.I, Elon Musk Organizations: New York Times, OpenAI, San, Elon Locations: Silicon Valley, San Francisco

☆ The Who’s Who Behind the Modern Artificial Intelligence Movement
▼ + stars: | 2023-12-03 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: 1 min

While artificial intelligence has taken the limelight over the past year, technology that can appear to operate like human brains has been top of mind for researchers, investors and tech executives in Silicon Valley and beyond for more than a decade. Here are some of the people involved in the origins of the modern A.I. lab that made the chatbot ChatGPT that went viral over the past year and ushered in recognition of the power of generative artificial intelligence. Mr. Altman helped start OpenAI after meeting with Elon Musk about the technology in 2015. At the time, Mr. Altman ran Y Combinator, the Silicon Valley start-up incubator.

Persons: Jim Wilson, New York Times Sam Altman Mr, Altman, San Francisco A.I, Elon Musk Organizations: New York Times, OpenAI, San, Elon Locations: Silicon Valley, San Francisco

☆ What to Know About Home Care Services
▼ + stars: | 2023-12-02 | by ( Reed Abelson | More About Reed Abelson | ) www.nytimes.com time to read: +1 min

And most middle-class people will have to pay for home care themselves if they will need it for the long haul. After a fall or surgery, some older people will need short-term care at home from a nurse or therapist to help them recover. Medicare, the federal insurance program for those 65 and over, typically pays for this kind of home health care. They need a home health aide or personal care assistant, who may not have much, if any, medical training. A wide range of services are available, whether it’s light housekeeping or hiring a private-duty nurse.

Persons: Monica Moreno Organizations: Medicare, Alzheimer’s Association

☆ First Quantum CEO: long-term sustainability uncertain if Panama operations end
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +1 min

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. The company has notified buyers it will not be able to meet agreements due to force majeure, Pascall added. Panama's top court issued a ruling deeming First Quantum's contract with the government to operate a key copper mine unconstitutional. The Canadian miner said on Friday it has initiated arbitration against Panama, with Pascall noting the company still does not know the amount it will be asking from the country during the process. Reporting by Elida Moreno and Valentine Hilaire; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Tristan Pascall, majeure, Pascall, Laurentino Cortizo, Elida Moreno, Valentine Hilaire, Brendan O'Boyle Organizations: Minerals, REUTERS, Aris, Panamanian, La Prensa, Panama, Thomson Locations: Panama, Donoso

☆ Is the Holiday Shopping Season Going to Be a Success? The Answer Is Murky.
▼ + stars: | 2023-12-01 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +2 min

kept its forecast that holiday sales — from Nov. 1 to Dec. 31 — would grow 3 to 4 percent this year. Mastercard, for example, said sales both in stores and online rose 2.5 percent on Nov. 24, from a year earlier. Like Mastercard’s estimate, the retail consultancy forecast that — adjusted for inflation — sales slipped slightly, Mr. Johnson said. If stores have too much inventory on hand, they may have to cut prices more than expected, which would erode their profits. “Really for the first time in four quarters, we are seeing retailers get inventories better aligned with sales,” Mr. Yruma said.

Persons: ” Matthew Shay, ”, Craig Johnson, Johnson, Edward Yruma, Piper Sandler, Mr, Yruma, “ Organizations: National Retail Federation, Mastercard, Growth Partners, Target

☆ Rita Moreno, 91, says she made a friend at the supermarket so she won't feel lonely
▼ + stars: | 2023-12-01 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Rita Moreno, 91, says she makes friends at the supermarket so she won't feel lonely. The "West Side Story" actor told People about her struggles with loneliness after moving into a new home. AdvertisementRita Moreno says she combats loneliness by making friends at the supermarket. The 91-year-old actor told People that she felt sad and isolated after moving into a new condo. The two have since become friends, Moreno told People.

Persons: Rita Moreno, Moreno, —, " Moreno, Vivek Murthy Organizations: Service

☆ Panama trade minister resigns after mining contract backlash
▼ + stars: | 2023-11-30 | by ( Elida Moreno | ) www.reuters.com time to read: +1 min

PANAMA CITY, Nov 30 (Reuters) - Panama's Trade Minister Federico Alfaro announced his resignation on Thursday days after the country's top court ruled a contract between the government and Canadian miner First Quantum < FM.TO> was unconstitutional. The Central American country's trade ministry led negotiations on a contract between the government and First Quantum to operate a key copper mine, which opponents have deemed as too generous to the miner. In a resignation letter addressed to the president and shared on social media, Alfaro mentioned the contract, which generated months of protest throughout Panama, as well as the court ruling. Cortizo announced on Tuesday he will follow through with First Quantum's mine shutdown once the court's ruling is published in the country's official gazette, which has not yet happened. Incoming trade minister Rivera said in a separate public statement the ministry is evaluating actions to comply with the court's ruling and will start coordination talks with labor and environmental authorities.

Persons: Federico Alfaro, Alfaro, Laurentino Cortizo, Jorge Rivera, Cortizo, Rivera, Eli Moreno, Brendan O'Boyle, Isabel Woodford Organizations: PANAMA CITY, Panama's Trade, Central American, Thomson Locations: PANAMA, Panama, Lincoln

☆ ‘Silent Night’ Review: On the First Day of Christmas, Kill.
▼ + stars: | 2023-11-30 | by ( Glenn Kenny | ) www.nytimes.com time to read: +1 min

Woo’s pictures have always operated on the “pure cinema” principle. For this picture he put his prodigious staging, shooting and cutting skills to a test that won’t surprise his fans: The movie is practically free of dialogue. In his initial maniacal reaction, he’s shot in the throat by a drug dealer with slashes of black tattooed on one side of his face. The attack happens around Christmas, and once Brian emerges from a monthslong drinking binge, he shapes up, takes up arms, and marks the next Christmas on his calendar: “Kill them all.” And so it goes. Car chases, motorcycle chases, stabbings, shootings, bone-breaking.

Persons: Joel Kinnaman, Brian, he’s, Catarina Sandino Moreno, mutters, John Woo Locations: California

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. The comments are the first by the company on the future of the Cobre Panama mine's ownership since Tuesday's court ruling. Panama has seen unprecedented public protests after the government signed a new contract with First Quantum for its Cobre Panama mine. MacWilliam told the conference that given the events in Panama, it remains unclear when Cobre Panama will be able to resume operations. The mine closure also has consequences for the Central American nation, as Cobre Panama contributes about 5% to Panama's economy.

Persons: Laurentino Cortizo, Ryan MacWilliam, MacWilliam, Divya Rajagopal, Elida Moreno, Denny Thomas, Chizu Nomiyama, Nick Zieminski Organizations: Minerals, REUTERS, Aris, Rights TORONTO, Quantum, Scotiabank, Reuters, Jiangxi Copper Co, Central, Thomson Locations: Panama, Donoso, Canadian, Jiangxi, Central American, Lincoln

Vice President Kamala Harris, President Isaac Herzog of Israel, Elon Musk and other leaders in business and politics spoke on everything from artificial intelligence, economic tensions between the United States and China, and Hamas’s Oct. 7 attacks on Israel at the annual DealBook Summit in New York on Wednesday. She has been tasked with wooing advertisers back to the platform after many were spooked by Mr. Musk’s erratic posts. [For select interviews from today’s DealBook Summit, follow and listen to our limited podcast series.] Vice President Kamala Harris defended the Biden administration’s economic record, as polls show that the president trails Donald J. Trump in battleground states ahead of the 2024 election. Ms. Harris said President Biden has done more to tackle inflation “than most advanced economies” but more work was needed to convince voters.

Persons: Kamala Harris, Isaac Herzog of Israel, Elon Musk, Andrew Ross Sorkin, ”, Linda Yaccarino, Donald J, Trump, Harris, Biden Organizations: The New York Times, today’s DealBook, Biden Locations: United States, China, Israel, New York

"We have decided to unanimously declare unconstitutional the entire law 406 of October 20, 2023," Supreme Court President Maria Eugenia Lopez said. First Quantum acknowledged the ruling and affirmed its "unwavering commitment to regulatory compliance in all aspects of our operations within the country." Panama President Laurentino Cortizo said the country will abide by the court ruling. For First Quantum, the Panama ruling would be a repeat of its decade-old experience in the Democratic Republic Of Congo. The company exited DRC in 2012 after it filed an arbitration procedure against the African country for cancelling its mining contract.

Persons: Aris Martinez, Maria Eugenia Lopez, Quantum, Laurentino Cortizo, Morgan, Ricardo Martinelli, Leonardo Di Caprio, Elida Moreno, Valentine Hilaire, Natalia Siniawski, Denny Thomas, Chizu Nomiyama, Mark Porter Organizations: Minerals, REUTERS, PANAMA CITY, Reuters, Panama, London Metal Exchange, Central, RBC, Democratic, Natural Resources Corporation PLC, Cobre, Thomson Locations: Panama's, Panama, Panama City, PANAMA, Central American, Democratic Republic Of Congo, Hollywood, Cobre Panama

☆ Top Panama court rules First Quantum mining contract unconstitutional
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: 1 min

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. REUTERS/Aris Martínez/File Photo Acquire Licensing RightsPANAMA CITY, Nov 28 (Reuters) - Canadian miner First Quantum's contract to operate a lucrative copper mine in Panama is unconstitutional, Panama's top court said in a ruling made public on Tuesday. Challenges against the company's new contract, which was approved in October, piled up in court following public protests against the deal. Reporting by Elida Moreno Additional reporting by Valentine Hilaire and Natalia SiniawskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Elida Moreno, Valentine Hilaire, Natalia Siniawski Organizations: Minerals, REUTERS, Aris, PANAMA CITY, Thomson Locations: Panama, Donoso, PANAMA

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