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☆ How the Red Sea crisis could clobber the global economy
▼ + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

The Suez Canal accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. Maersk CEO Vincent Clerc told the Financial Times Thursday that re-establishing safe passage through the Red Sea could take “months.” “It could potentially have quite significant consequences on global (economic) growth,” he added. Ikea has warned of shipment delays and potential shortages of certain products due to disruption in the Red Sea. Some ocean carriers that ordinarily transit through the Panama Canal had rerouted to the Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H. Matthew Burgess, vice-president of global ocean services at the firm, said global shipping capacity would be constrained for a while yet.

Persons: Joe Biden, Vincent Clerc, Germany’s, Mohamed, El Erian, ” Simon MacAdam, Lily Millard, Ben May, Good Hope, ”, ” It’s, Abercrombie &, Nathan Howard, “, ” Philip Damas, —, Judah Levine, Levine, Eric Thayer, Carolina Klint, Marsh McLennan, Robinson, Matthew Burgess, we’ve, Gene Seroka, Burgess, C.H Organizations: London CNN, British, Energy, World Bank, Maersk, MSC, Lloyd, CMA CGM, Financial Times, Global, Germany’s Kiel Institute, Allianz, Bank, Capital Economics, Oxford Economics, European Automobile Manufacturers ’ Association, Ikea, CNN, Abercrombie, Abercrombie & Fitch, Bloomberg, Getty, Drewry Supply Chain Advisors, Marsh, United, Port Locations: Iran, Crocs, Suez, Yemen, Gaza, Germany, Brent, Gulf, Oman, South Africa, Germany’s Kiel, Red, Israel, Good, Europe, ”, China, Asia, Los Angeles, United States, Panama, Rotterdam, of Los Angeles, of New York, New Jersey

☆ What travelers need to know about the Boeing 737 Max 9 grounding
▼ + stars: | 2024-01-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Ntsb | Via ReutersAirlines have canceled hundreds of flights since the Federal Aviation Administration ordered carriers to take Boeing 737 Max 9 planes out of service for urgent inspections. The FAA grounded more than 170 Boeing 737 Max 9 planes so they can be inspected after a door plug panel blew out on Alaska Airlines Flight 1282 on Friday. United Airlines and Alaska Airlines are the biggest operators of the Boeing 737 Max 9, with 79 and 65 of the planes in their fleets, respectively. United canceled 229 mainline flights on Monday, representing about 8% of its schedule, according to FlightAware. The more common Boeing 737 Max 8 plane is not affected.

Persons: Aeromexico, it's, United Organizations: Alaska Airlines Flight, Boeing, National Transportation Safety, Ntsb, Via Reuters Airlines, Federal Aviation Administration, Max, FAA, Alaska Airlines, United Airlines, United, Copa Locations: Alaska, Portland , Oregon, Ontario , California

☆ Best travel destinations to visit in 2024
▼ + stars: | 2024-01-01 | by ( Cnn Travel Staff | ) edition.cnn.com time to read: +32 min

cdwheatley/iStockphoto/Getty Images Angola: Beyond the capital city of Luanda, pictured, Angola has some jaw-droppingly spectacular scenery and cultural treats. David ChiaFF/Alamy Stock Photo Mérida, Mexico: Yucatán state's capital city showcases a blend of Mayan and colonial heritage. Pavel Tochinsky/The Image Bank RF/Getty Images Morocco: This North African country is home to nine UNESCO sites, including the historic city of Meknes, pictured. Panama City is also the only world capital with a tropical rainforest within its city limits. And a historic city forever entwined with the famed Camino de Santiago.

Persons: you’d, Tengguo Wu, Gabriele Thielmann, Turkey's, Gary Ennis, Matevz, Bill Bachman, Christian Kober, Gonzalo Azumendi, David ChiaFF, Pavel Tochinsky, Terry Kelly, Raul Rodriguez, iStock, Anton Petrus, –, — Karla Cripps Turkey’s, — Barry Neild, Mana Kaasik, — Maureen O’Hare, — Maggie Hiufu Wong, Deb Snelson, Glen Arbor, Marnie Hunter, — Forrest Brown, — Forrest Brown Angola Cristo, Eric Lafforgue, it’s, King, Eric Carr, John’s, Saint John, New Brunswick —, —, Tuul, Bruno Morandi, — Julia Buckley, Groenewald, Alamy, — Lilit Marcus, Alexander the Great, Philip II of Macedon, — JB, Bogdan Lazar, — Tamara Hardingham, Gill, Hercules, Francesca, Lazarus, ”, David Casanova, Megan Sequeira Casanova, “, Kuka y Naranjo, medina, Gordon Sinclair, Yvette Cardozo, — FB, Pierce Ingram, Stefan Tomic, Fujairah, who’ve, Samarkand —, It’s Organizations: CNN, United, CNN Travel, Getty Images, Town, Getty, Northwest, Saint, New Brunswick Tourism, UNESCO, Heritage, Alamy, Parque Nacional Volcán Barú, Galicia, Tercera Orden, Parque, Bank, Wakulla Springs, Texas, United Arab Emirates, AP, Rock, of Culture, Estonian National Museum, — Maggie Hiufu Wong Northwest Michigan, Bear, Farm, Riders, Lubango, — BN Saint John, Canada Tourists, St, Saint John City Market, Historic, Saint John Arts Centre, Carnegie, Carnegie Library, — KC, Korea, Folk, Netflix, South Korea, Adriatic, Nacional Glaciares, Australian Sea Lions, Panama, Spain Santiago de, Spain Santiago de Compostela Cathedral, Islas, Camino, Mexico People, YouTube, US State Department, Morocco, Regis Hotels, Resorts, — FB Texas, Travel Texas, Krause, Gruene, Fujairah, Icefjord, FS, Tuul, ” Locations: United States, Sumba, Indonesia Sumba, Indonesia, Bali, Getty Images Tartu, Estonia, Tartu —, European, Tainan, Taiwan, Northwest Michigan, Traverse City, Lake Michigan, iStockphoto, Western Balkans, Culebra , Puerto Rico, Flamenco, Culebra, cdwheatley, Angola, Luanda, , New Brunswick, Fundy, New Brunswick, New Brunswick Tourism South Korea, Korea Albania, Albania, Chile, mauritius, Western Australia, Greece, Macedonia, American, Panama, Spain, Camino, Santiago, St, John's, Mexico, Parque Hidalgo, Morocco, Meknes, Florida, Spicewood, Anton, Greenland, Denmark, AP Uzbekistan, Bukhara, Indonesian, Sumela, Turkey's, — Barry Neild Tartu, Estonia Tartu, of Culture Tartu, Tartu, “, Baltics, — Maureen O’Hare Tainan, Taiwan Tainan, Taipei, — Maggie Hiufu Wong Northwest, Lake, Traverse, Leland, Glen, perusing, Balkans, Slovenia, Bosnia, Herzegovina, North Macedonia, Serbia, transdinarica.com, —, Puerto Rico, It’s, — Forrest Brown Angola, Lubango, Barra, Cabo Ledo, — BN Saint John , New Brunswick, Canada, Hopewell, Newfoundland, Saint, Canada’s, Korea Andong, South Korea, Sanga, Korea, Seoul, Busan, Andong, Albania Albania, Berat, Montenegro, Vlorë, Gjirokastër, — Julia Buckley Chile, Atacama, Patagonia, Coral Coast, Geraldton, — Lilit Marcus Macedonia, Thessaloniki, Greece's, Hemis, Athens, Vergina, Veria, Naousa, Greece’s, Thrace, Philippi, Kavala, Panama . Panama City, Gill Galicia, Spain Santiago, Spain Santiago de Compostela, Galicia, Galicia’s, Santiago de Compostela, Cabo, Fisterra, Galicia —, Singapore, John’s, Paseo, Montejo, Mérida, Yucatán, getaways, there’s, Marrakech, Rabat, Fes, Resorts Morocco, Wakulla, Ginnie, Fredericksburg, Texas, Marble Falls, Meanderers, New Braunfels, Dubai, Abu Dhabi, Wadi, Nuuk, Ilulissat, West, FS Uzbekistan, Samarkand, Uzbekistan, China, India, Khiva, Uzbek, Sentob, Tashkent

☆ Want to avoid crowds while traveling? Here's the 'not hot' list for 2024
▼ + stars: | 2023-12-28 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +5 min

Adventure travel company Intrepid Travel's new "Not Hot" list is out — spotlighting overlooked travel spots around the world. The 2024 list calls attention to two destinations in Asia, two in Europe and one in Central America. Source: Intrepid TravelUnlike Italy's tourist-saturated Positano, travelers visiting Corsica can "enjoy a more authentic, tranquil, and immersive experience ... without the overwhelming crowds," according to a press release by Intrepid Travel. Intrepid Travel recommends Panama for those who wish to "immerse themselves in local traditions, folklore, and contemporary arts ... that differs from the more European-centric cultural landscape," the press release stated. Source: Intrepid Travel

Persons: Matt Berna, Nick Lim, Lim, Gonzalo Azumendi, Emberá, David C Tomlinson Organizations: Intrepid, Americas, Intrepid Travel, CNBC Travel, UNESCO, Heritage, Euromonitor International, Japan National Tourism Organization, Korea Tourism Organization, The Travel Corporation, CNBC, Trip.com, La Amistad, Bank, Getty Locations: Asia, Europe, Central America, Corsica Corsica, France, Corsica, Seoul Tokyo, Singapore, Seoul, Korea, Intrepid Travel Tokyo, Tokyo, Panama Panama, Central American, Costa Rica, Colombia, Panama, Panama Viejo, Casco, Darien, La, Guna, Corfu Greece, Santorini, Mykonos, Kefalonia, Corfu, Greece, Split, Dubrovnik, Croatia, Borneo Borneo, Southeast Asia, Malaysia, Brunei, Indonesia, Kalimantan, Indonesian, Sarawak, Sabah, Borneo, Malaysian, Indonesian's Kalimantan

☆ 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

☆ 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

ATLANTA (AP) — Fourteen U.S. cities will play host to Copa América next summer, with the semifinals at East Rutherford, New Jersey, and Charlotte, North Carolina, ahead of the July 14 championship in Miami Gardens, Florida. The semifinals will be in New Jersey's MetLife Stadium on July 9 and Charlotte's Bank of America Stadium the next day. This will be only the second time Copa América has been held outside of South America since the inaugural tournament in 1916. Except for the Centenario tournament, Copa América hosting duties usually have rotated among the 10 COMNEBOL nations in South America. They are: MetLife Stadium, Hard Rock Stadium, Mercedes-Benz Stadium, Levi's Stadium, SoFi Stadium, AT&T Stadium, NRG Stadium and Arrowhead Stadium.

Persons: América, Victor Montagliani, “, ”, Alejandro Dominguez, Lionel Messi, Montagliani Organizations: ATLANTA, Copa América, East, Central America, NRG, T, Farm, MetLife, Charlotte's Bank of America, ” CONCACAF, CONMEBOL, CONCACAF, Mercedes, Benz, SoFi, Levi's, Exploria, North America, América Centenario, Nations League, Costa Rica, Children's, Arrowhead, Levi’s, Copa América Centenario, Chile, Centenario Locations: East Rutherford , New Jersey, Charlotte, North Carolina, Miami Gardens , Florida, South America, North, Caribbean, Houston, Arlington , Texas, Glendale , Arizona, Las Vegas, New, Miami, Atlanta, Inglewood , California, Santa Clara , California, Orlando , Florida, Austin , Texas, Kansas City, Missouri, Kansas, United States, Mexico, Jamaica, Panama, Costa, Honduras, Canada, Trinidad and Tobago, NRG, Orlando, Los Angeles, Argentina, New York City, Ecuador, U.S

☆ Why More Chinese Are Risking Danger in Southern Border Crossings to U.S.
▼ + stars: | 2023-12-03 | by ( Li Yuan | More About Li Yuan | ) www.nytimes.com time to read: +1 min

Gao Zhibin and his daughter left Beijing on Feb. 24 for a better life, a safer one. By the time they touched American soil in late March, Mr. Gao had lost 30 pounds. The most harrowing part of their journey was trekking through the brutal jungle in Panama known as the Darién Gap. Mr. Gao said he thought she might have drunk dirty water. Dragging themselves through the muddy, treacherous rainforests of the Darién Gap, they took a break every 10 minutes.

Persons: Gao Zhibin, Gao, ”, Xi, “ Organizations: Mr Locations: Beijing, Panama, China, U.S

☆ Panama publishes ruling finding First Quantum contract unconstitutional
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] File photo: People react after Panama's top court ruled the mining contract with Canadian miner First Quantum to operate a copper mine in the country as unconstitutional following weeks of protests against the deal, in Panama City, Panama November 28, 2023. REUTERS/Aris Martinez/File photo Acquire Licensing RightsDec 2 (Reuters) - Panama published a ruling finding Canadian miner First Quantum's (FM.TO) contract for an open-pit copper mine in the Central American country unconstitutional in the official gazette on Saturday. The contract had triggered caused widespread protests in Panama, and President Laurentino Cortizo said on Tuesday the mine would close as soon as the Supreme Court's ruling was formally published in the official gazette. Reporting by Valentine Hilaire; Writing by Alexander Villegas; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Aris Martinez, Laurentino Cortizo, Valentine Hilaire, Alexander Villegas, Jonathan Oatis Organizations: REUTERS, Central American, Thomson Locations: Panama City, Panama

☆ 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

Russia has increasingly had to turn to a so-called "ghost fleet" of aging tankers to ship oil and avoid the cap. Panama, the Republic of the Marshall Islands, and Liberia have allowed some of those ships to carry their flags, according to Lloyd's List Intelligence and oil analysts. Lloyd's List Intelligence has said nearly 40% of the about 535 dark-fleet tankers have registered ownership via companies incorporated in the Marshall Islands. It also seeks to give leverage to countries buying oil outside the price-cap coalition to get discounted oil from Russia. The group is asking Liberia and the Marshall Islands to increase awareness among those in the trade that its flag should not be used for tankers transporting oil priced above the cap.

Persons: Dado Ruvic, Lindsey Whyte, John Berrigan, Brian Nelson, Timothy Gardner, Simon Webb, Rosalba O'Brien Organizations: REUTERS, Rights, Marshall, Intelligence, Britain's Treasury, U.S . Treasury, Reuters, EU, Thomson Locations: WASHINGTON, U.S, Liberia, Marshall Islands, Panama, Moscow, Ukraine, Russia, China, India, Republic, Marshall, Washington, British

☆ The World’s Key Canal Is Clogged Up. Winter Fuel Prices Could Get Wacky.
▼ + stars: | 2023-12-01 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

The Panama Canal is running out of water, threatening the global supply chains and industries that depend on it. WSJ takes you inside the canal’s operations to understand what this means for the future of this vital shipping route. It could make your winter heating bills more unpredictable too, particularly if you live at the end of long and vulnerable fuel supply chains. Prices for Brent crude, the main global benchmark, are down about $9 a barrel, or about 10%, since mid-September. But Asian propane LPG prices are lower only by 3%, data from Argus Media shows, trading around $665 per metric ton in late November.

Organizations: Brent, Argus Media Locations: Panama, Asia

☆ First Quantum initiates international arbitration on Cobre Panama mine
▼ + stars: | 2023-12-01 | by ( ) 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. REUTERS/Aris Martínez/File Photo Acquire Licensing RightsDec 1 (Reuters) - First Quantum Minerals (FM.TO) has suspended its current-year production outlook for the Cobre mine in Panama and has initiated international arbitration over a contested contract with the country's government, the miner said on Friday. The Canadian company said its local unit had started arbitration before the International Court of Arbitration to protect its rights under the 2023 concession. On Tuesday, President Laurentino Cortizo said the Cobre Panama mine would be shut down, hours after Panama's Supreme Court declared the contract unconstitutional. The miner exited the African nation in 2012 after filing an arbitration procedure for cancelling its mining contract.

Persons: Laurentino Cortizo, Tristan Pascall, Tanay, Devika Syamnath Organizations: Minerals, REUTERS, Aris, International Court, Democratic, Thomson Locations: Panama, Donoso, Miami , Florida, Democratic Republic Of Congo, Bengaluru

☆ Historic Mexico Church Becomes Capital's Largest Shelter for Weary Migrants
▼ + stars: | 2023-12-01 | by ( Dec. | At A.M. | ) www.usnews.com time to read: +3 min

By David Alire GarciaMEXICO CITY (Reuters) - A historic Mexico City church has morphed into the capital's largest migrant shelter, with hundreds of sleeping mats stacked high inside and a growing tent city clustered around it where many await news before resuming their risky trek north. The church is a way station for migrants as most wait for unpredictable appointments with U.S. border agents through a mobile phone app. DHS did not share overall wait times and it is unclear if they have lengthened or shortened since then. Arriving at the church earlier this week, 30-year-old Venezuelan migrant Alejandro Urbina explained near his tent that he logs onto the app every day. Reverend Benito Torres, the church's pastor, explained that the Christian imperative to help the most vulnerable is what motivates him.

Persons: David Alire Garcia, Eva Alvarez, Dominick, Alejandro Urbina, Trixy, Benito Torres, Dave Graham, Lisa Shumaker Organizations: David Alire Garcia MEXICO CITY, Catholic, U.S . Department of Homeland Security, DHS Locations: Mexico City, America, United States, Honduran, San Pedro Sula, Honduras, U.S, Belgian, Colombia, Panama, New York, Mexican

☆ First Quantum CEO arrives in Panama after country orders mine shutdown
▼ + stars: | 2023-12-01 | 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 RightsNov 30 (Reuters) - The CEO of First Quantum Tristan Pascall has arrived in Panama, a company spokesperson said on Thursday after the Central American nation ordered the Canadian miner to shut down its key copper project. This is the first visit of the CEO since public protests erupted over the signing of a new contract on Oct. 20. The spokesperson did not give details of Pascall's agenda in the country. Reporting by Divya Rajagopal and Valentine Hilaire; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Tristan Pascall, Divya Rajagopal, Valentine Hilaire, Brendan O'Boyle Organizations: Minerals, REUTERS, Aris, Central American, Thomson Locations: Panama, Donoso

☆ 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

Cobre Panama has said it is committed to growing more new forest than is impacted by its mine. "We aren't going anywhere," Sabino Ayarza, a representative of the protesting fishermen, told Reuters on Tuesday from his boat. Their grassroots movement, nearly unheard of in business-friendly Panama, has wiped C$11 billion ($7.4 billion) off First Quantum's market value and raised global copper prices on supply worries. The protesters' victory in Panama is emblematic of the outsized and sometimes unexpected influence local communities are having on mining companies worldwide. Cobre Panama accounted for about 46% of First Quantum's overall revenue in the third quarter, according to company data.

Persons: Aris Martinez, Sabino Ayarza, Ayarza, Codelco, Valentine Hilaire, Divya Rajagopal, Fabian Cambero, Christian Plumb, Denny Thomas, Nick Zieminski Organizations: REUTERS, Aris, PANAMA CITY, Minerals, Reuters, Panamanian, Tuesday, Scotiabank, Protesters, First, Thomson Locations: Panama City, Panama, PANAMA, TORONTO, Portugal, Peru, Chile, Macquarie, Mexico City, Toronto, Santiago

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

☆ Panama’s Supreme Court Rules Against Major Copper Mine
▼ + stars: | 2023-11-28 | by ( José De Córdoba | Anthony Harrup | ) www.wsj.com time to read: 1 min

The Cobre Panama mine represents about 1.5% of world copper production. Photo: stringer/ReutersPanama’s top court ruled Tuesday against a contract between the government and Canadian miner First Quantum Minerals , placing in jeopardy one of the world’s largest copper mines. The court unanimously ruled that a law passed in October by the National Assembly, which recently approved a revised contract between the mining company and the Panamanian government, is unconstitutional. The law provided a legal framework for the contract allowing the company to operate the large mine.

Organizations: Reuters, Minerals, National Assembly Locations: Panama, Panamanian

"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

PANAMA CITY (AP) — Panama’s Supreme Court ruled unanimously Tuesday that a 20-year concession for a Canadian copper mine that has been the focus of widespread environmental protests was unconstitutional. In March, Panama’s legislature reached an agreement with First Quantum allowing Minera Panama to continue operating the huge copper mine for at least 20 more years. The dispute over the mine led to some of Panama's most widespread protests in recent years, including a blockade of the mine’s power plant. A court decision that declared the contract unconstitutional was the last opportunity for opponents to get it thrown out. The Canadian government said it respected Tuesday's ruling and was following the contract negotiation closely.

Persons: —, Raisa Banfield, “, ”, Jean, Pierre J, ” ___ Rob Gillies Organizations: PANAMA CITY, Minerals, Pan, Naval, Panamanians, National Assembly, government’s Global Affairs Department Locations: PANAMA, Panama, Panama’s, Costa Rica, Minera Panama, Colon province, Toronto, America, Caribbean

☆ First Quantum Says It Hopes to Avoid Panama Arbitration Over Mine
▼ + stars: | 2023-11-27 | by ( Nov. | At P.M. | ) www.usnews.com time to read: 1 min

PANAMA CITY (Reuters) - Canadian miner First Quantum hopes to avoid arbitration with Panama's government over a major copper mine by instead resolving disagreements during a 90-day period for talks between both sides, the company said in a statement late on Monday.

Organizations: PANAMA CITY Locations: PANAMA

These interviews have been edited for length:HOUSTON — A longtime resident of Houston, Monica Fulton, 51, prioritizes giving to organizations serving the city’s residents. That changed in 2018 when she helped organize a group of donors who pool their funds to support small organizations serving women and girls on Chicago’s South Side. The giving circle makes relatively small grants to organizations that have budgets of less than $500,000, where those grants can make a big difference. During the height of the pandemic, they took an online training through the organization Philanthropy Together about how to run a giving circle. “They trust that the group is doing the vetting and that their money’s going to a good cause.

Persons: Monica Fulton, She’s, ”, Fulton, “, Alicia Bailey, Bailey, ” Bailey, she's, I’ve, Ruben Brooks, Brooks, Ezekiel Taylor, ” Brooks, it's, ___, — Lynne Garfinkel, Pam Lowy, ” Lowy, Garfinkel, GivingTuesday Organizations: Associated Press, Houston Food Bank, Fulton, ”, Chicago Foundation for Women, ATLANTA, American, Atlanta Beltline, Big Brothers, Sisters, America, of Georgia, Ezekiel Taylor Foundation, Lilly Endowment Inc, AP Locations: Houston, Panama, Chicagoland, Atlanta, ___ LAFAYETTE, Lafayette, Boulder , Colorado

HOMESTEAD, Fla. (AP) — In New York, migrants at a city-run shelter grumble that relatives who settled before them refuse to offer a bed. In South Florida, some immigrants complain that people who came later get work permits that are out of reach for them. Across the country, mayors, governors and others have been forceful advocates for newly arrived migrants seeking shelter and work permits. The administration said in September that it would work to reduce wait times for work permits to 30 days for those using the new pathways. The Washington rally reflected an effort by advocates to push for work permits for all, regardless of when they came.

Persons: Joe Biden, ”, “ Chuy ” Garcia, José Guerrero, ” Guerrero, “, Angel Hernandez, Hernandez, Adriana Trino, “ We're, Diego Torres, Santiago Marquez, hasn't, –, They’ve, ” Lawrence Benito, ___ Tareen, J, Elliot Spagat, Erik Verduzco Organizations: U.S, Rep, Chicago Democrat, . Citizenship, Immigration Services, Biden, Latin American Coalition, American Association, Washington, Illinois Coalition, Immigrant, Refugee Rights, Chicago, Associated Press, Rico Locations: Fla, New York, Chicago, South Florida, Washington, Mexico, Cuba, Haiti, Nicaragua, Venezuela, Homestead , Florida, Miami, Denver, Los Angeles, Houston, U.S, Venezuelan, Panama’s, Darien, Colombia, United States, Midtown Manhattan, Charlotte , North Carolina, In Atlanta, Homestead, Atlanta

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