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☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ An expat in Panama explains what movers can expect to pay and the pros and cons of raising kids abroad
▼ + stars: | 2024-10-15 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

In 2015, Davidson settled down in Panama City, working as a technical support manager. He met his wife in Panama, and the two bought a $150,000 home and now raise their children in the capital. Beaches near Coronado, Panama City. Living for cheaper in Central AmericaHe met his wife in Panama, and they had two children. Mac DavidsonHe said average home prices in Panama City are often half what he saw in Manitoba's cities, which were about $400,000 when he checked earlier this year.

Persons: Mac Davidson, Davidson, —, It's, Panama Davidson, he's, He's Organizations: Service, University of Manitoba, Friendly Nations, Nissan Locations: Canada, Panama, Manitoba, Panama City, Coronado , Panama City, Florida, American, Central America, Ancon, Manitoba's, Vancouver, North America

☆ A couple moved from Virginia to Panama sight unseen. The lower cost of living, stress-free life, and mild weather have made them happier than ever.
▼ + stars: | 2024-10-06 | by ( Monica Humphries | ) www.businessinsider.com time to read: +6 min

AdvertisementOn July 14, 2022, Kelle Sparta and her husband, Jeff Brandon, set foot in Boquete, Panama, for the first time. AdvertisementIn 2018, the couple moved to Richmond, Virginia, from Boston. Boquete, Panama. Kelle SpartaIn 2022, the couple moved sight unseenIn the summer of 2022, the couple arrived in Boquete with six suitcases and their dog. Sparta and Brandon moved into a temporary Airbnb while looking for a permanent home.

Persons: Kelle Sparta, Jeff Brandon, —, she's, lockdowns, Brandon didn't, Brandon, divisiveness, Monica Humphries, Sparta, they're, I'm Organizations: Kelle, Service, Business, Sparta, Friendly Nations, MIT Locations: Boquete, Panama, Sparta, Brandon, Richmond , Virginia, Boston, Virginia, Europe, Portugal, Valencia, Spain, Kelle Sparta, Panamanian

☆ Step inside a luxury Panama City resort attracting business travelers with its exclusive, Jack Nicklaus-designed golf course and high-end dining
▼ + stars: | 2024-09-25 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Panama City's wealthy Santa Maria neighborhood is home to the city's only five-star resort. The Santa Maria Hotel is known for its Jack Nicklaus-designed golf course and high-end dining. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I was in Santa Maria, one of Panama City's most expensive neighborhoods. To celebrate my final night in Panama, I spent a night at the five-star Santa Maria Hotel and Golf Resort.

Persons: Jack Nicklaus, — Organizations: Service Locations: Panama, Santa Maria, Santa, Panama's Gulf, Chiriqui

☆ I spent 2 nights in an overgrown tiny house in Panama's rainforest for $300. Take a look inside.
▼ + stars: | 2024-09-12 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

And while castles usually ooze luxury and extravagance, Bambuda is one of the town's more affordable hotels. A view of the Bambuda Castle. The locals told me that while it was once a private residence, it was sold and transformed into a budget hotel in the last decade. As they expanded across Panama, the pair targeted budget travelers. For example, Bambuda Castle offers a range of accommodations.

Persons: Monica Humphries, Tom Oman, Dan Adelman, Panama's Bocas Del Organizations: Bambuda Locations: Boquete, Panama's Bocas, Panama's Bocas Del Toro, Panama

☆ Dream of moving abroad? This Central American destination is the No. 1 country for expats
▼ + stars: | 2024-07-04 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Expats who live and work in Panama are among the happiest in the world, according to the latest Expat Insider report from InterNations, the global community for people who live abroad. 1 country for expats out of 53 countries in this year's report, which surveyed more than 12,500 people in February about how satisfied they feel with their lives in a foreign country. A majority, 82% of people who move to Panama say they're happy with their lives, compared with 68% of expats around the world. Most people said they moved to the Central American country for financial reasons, to retire or for a better quality of life. Expats in Mexico also say it's easy to get used to the local culture and find local friends once there, making them feel "at home" all the faster.

Persons: Expats, they're, expats Organizations: Central American, expats Locations: Panama, InterNations, expats, Panama Mexico Indonesia Spain Colombia Thailand Brazil Vietnam Philippines United, Emirates Mexico, Expats, Mexico

☆ The US will pay for migrants' flights out of Panama to close a route used by over 700,000 people to reach the US-Mexico border
▼ + stars: | 2024-07-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

AdvertisementMigrants arrive at the Reception Center for Migrant Care in Lajas Blancas, in the jungle province of Darien, Panama, on June 28, 2024. AdvertisementMigrants walk by the jungle near Bajo Chiquito village, the first border control of the Darien Province in Panama, on September 22, 2023. Migrants line up to receive food at the Reception Center for Migrant Care in Lajas Blancas, in the jungle province of Darién, Panama, on June 27, 2024. Authorities already struggle to manage the Darién GapYet closing the Darién Gap is no small feat. AdvertisementMigrants walk by the jungle near Bajo Chiquito village, the first border control of the Darién Province in Panama, on September 22, 2023.

Persons: —, MARTIN BERNETTI, Alejandro Mayorkas, José, LUIS ACOSTA, it's, Biden, Joe Biden, Donald Trump Organizations: Service, Department of Homeland Security, Business, State Department, Center for Migrant Care, Getty, Associated Press, Homeland, Borders, UNICEF, Republican Locations: Panama, Mexico, Blancas, Darien , Panama, AFP, Bajo Chiquito, Darien Province, Colombia, Darién, Panamanian, Central America, Darién Province

☆ While I lived in Panama, my son got 2 summer breaks. Summer vacation is different there than it is in the US.
▼ + stars: | 2024-06-28 | by ( Stephanie Kaloi | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. My partner and I lived there for two years, and during that time, my son would spend one month with us and one month with his dad and stepmother in the States. Related storiesThis schedule created an interesting opportunity for my son, who was about to be 12 when he experienced his first summer in Panama. But summer in Panama brought about new opportunities for hanging out with kids. AdvertisementBy the time summer rolled around in the United States, most Panamanian children were back in the classroom, and the rainy season was rolling in.

Persons: hadn't Organizations: Service, School doesn't, Facebook, Panama didn't Locations: Panama, France, South Africa, Germany, United States

☆ Americans who moved to Latin America for cheaper retirement, starting a new life, and better work options explain the pros and cons
▼ + stars: | 2024-06-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Business Insider spoke to five Americans who moved to Latin America, many for their retirements. All agreed that life is in many ways better in Latin America than in the US. She said she feels more welcome in Costa Rica than in Illinois, even with a language barrier. Gary Keenan, 71, disagrees that Costa Rica is cheaper than the US, though he's fine paying the upcharge. Living and working in natureMoving to Latin America has allowed some Americans to advance their careers and retirement goals while living a more serene life.

Persons: —, Janet Sussman, Sussman, " Sussman, Cheryl Sands, didn't, she'd, it's, Sands, she's, Gary Keenan, Keenan, Jose Rodriguez, He's, Andy Wiesmann, Medellín, he's, Wiesmann Organizations: Service, Business, Illinois -, Social Security, Costa Rica, US Locations: Florida, New York, Panama, Airbnbs, Latin America, America, Illinois, Illinois - Kentucky, Costa, Guanacaste, Costa Rica, New Mexico, Central, San Jose, Chicago, São Paulo, Brazil, Medellín, Colombia, Inland, Mexico, California, United States, South America

☆ I dined on my first tasting menu on a recent trip to Panama. The splurge is my new favorite way to explore as a solo traveler.
▼ + stars: | 2024-05-26 | by ( Monica Humphries | ) www.businessinsider.com time to read: +6 min

This was my first night in the country, and it was also my very first tasting menu. He said 90% of the restaurant's ingredients are locally sourced, which means the menu changes throughout the year to highlight peak produce. The tasting menu was a great way to solve this dilemma. Plus, a tasting menu took the stress out of ordering. I'll admit that not every course on Intimo's tasting menu catered to my preferences; next time, I'll order the bass in Caribbean curry over the guacho.

Persons: —, I've, Restaurante, Monica Humphries, Carlos, Chombolín, Intimo, Alba, it's Organizations: Service, Business, ceviche Locations: Panama City, Tokyo, Panama, Alba, leche de tigre, Peruvian, Boquete, Panamanian, Caribbean

☆ I spent a night in Panama's richest neighborhood, often called a 'little Dubai' or the 'Miami of Latin America'
▼ + stars: | 2024-05-19 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Panama's Punta Pacifica skyline. From the coast, I could look out onto Punta Pacifica, where a grouping of tall buildings reached out to the clouds. McGowan said people always compare Punta Pacifica to dense cities like Miami, New York City, and Dubai. Central America Living refers to the neighborhood as a "mini-Dubai," and The New York Times said in 2014 that Punta Pacifica is "often called the Miami of Latin America." "I think Panama City and Punta Pacifica have matured enough now that it doesn't have to be compared.

Persons: Monica Humphries, McGowan Organizations: Pacifica, Punta Pacifica, Dubai ., Dubai . Central America, New York Times, Miami of Locations: Panama City, Miami, Casco Viejo, Panama, Punta, Miami , New York City, Dubai, Dubai . Central, Miami of Latin America

☆ I flew economy on Copa, Panama's flagship airline. My only regret was not booking it for a long-haul flight home.
▼ + stars: | 2024-05-14 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

I took a domestic flight with Copa and regretted not booking it for my longer, round-trip flight home. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In Panama City, visitors can explore historic neighborhoods, try new cuisines, tour the impressive Panama Canal, and dance nights away on rooftop bars. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Copa Airlines, Copa, Service, Business Locations: Panama, Panama City, It's

☆ A boomer who moved to Panama after years as a bartender in the Hamptons and New Mexico outlines the pros and cons of living in Central America
▼ + stars: | 2024-04-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

George Stumpp, a retired bartender, lives comfortably in Panama after moving from New Mexico. He said Panama has robust infrastructure, a lower cost of living, and many of the same stores as the US. AdvertisementGeorge Stumpp, 65, worked as a bartender and bar supervisor in Long Island and New Mexico for decades. He's enjoying retirement in a country with a lower cost of living and high-quality healthcare, and he said he's enjoyed adapting to Panamanian culture. As his kids got older, he started to vacation in Central America, traveling to Costa Rica, Belize, and Panama.

Persons: George Stumpp, —, he's, we've, Stumpp, it's, Long, there's Organizations: Service, Panama City, Central, Business, Hamptons, Sante Locations: Panama, New Mexico, Long Island, Panamanian, Colombia, Thailand, St, Maarten, Long, Sante Fe, Santa Fe, Central America, Costa Rica, Belize, Ontario, Canada

☆ Crises in Ecuador, Haiti Could Fuel Migration in 2024, Report Says
▼ + stars: | 2024-02-14 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Kylie MadryMEXICO CITY (Reuters) - Thousands more people could be forced to leave Ecuador and Haiti in 2024 due to humanitarian crises such as intensifying violence, climate impacts and deepening poverty, the International Rescue Committee said in a report on Wednesday. "Multiple factors...will deteriorate living conditions for millions of people in Ecuador and Haiti, potentially forcing thousands to seek safety elsewhere," the IRC said. "The crises in Haiti and Ecuador are creating a ripple effect across the entire region," said IRC regional head Julio Rank Wright in a statement. "Without a functioning political system, the government will struggle to address violence and meet growing needs," the IRC said in the report. Food insecurity will likely also deepen in Haiti in 2024, the IRC said.

Persons: Kylie Madry, Julio Rank Wright, Jovenel Moise, Ariel Henry, Eli Moreno, Ros Russell Organizations: Kylie Madry MEXICO CITY, International, El, Global, Transnational, Global Initiative Locations: Kylie Madry MEXICO, Ecuador, Haiti, Colombia, Panama, Darien, Caribbean, Kenya, Mexico City, Panama City

☆ Panama's Top Court Rejects Ex-President Martinelli's Appeal to Annul Prison Sentence
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: 1 min

PANAMA CITY (Reuters) - Panama's top court rejected former president and current presidential candidate Ricardo Martinelli's appeal to annul a 10-year prison sentence, a court official said on Friday, casting doubt on Martinelli's ability to run in the May election. Martinelli was sentenced to a 128-month prison term last year for money laundering for his role in a case known as "New Business," which alleges public funds were used to buy a media conglomerate and give him a majority stake. Authorities have not issued a statement on his candidacy, but Panama's constitution bars from the presidency anyone condemned to a prison sentence of five years or more. Martinelli, a multimillionaire supermarket magnate, held office from 2009 to 2014. (Reporting by Elida Moreno and Valentine Hilaire; Editing by Sarah Morland)

Persons: Ricardo Martinelli's, Martinelli, Elida Moreno, Valentine Hilaire, Sarah Morland Organizations: PANAMA CITY, Authorities Locations: PANAMA

☆ Boeing's 737 Max 9 jet is flying again. Here's what experts say about its safety.
▼ + stars: | 2024-01-30 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Read previewOn January 5, an Alaska Airlines 737 Max 9 door plug broke off shortly after takeoff from Portland International Airport, leaving a gaping hole in the jet's fuselage. The Federal Aviation Administration quickly grounded 171 other Max 9 planes with the same door plug, mostly flown by United Airlines and Alaska. Four critical bolts used to secure the door plug were missing from the jet when it left Boeing's assembly line, The Wall Street Journal reported, representing a massive quality control lapse. Not all experts agree on the Max 9's safetyThe Alaska Airlines Boeing 737 MAX 9. AdvertisementAccording to the Washington Post, the travel booking website Kayak said its filter for the 737 Max significantly increased in the days after the incident.

Persons: —, Max, Constance von Muehlen, Ingrid Barrentine, Mike Whitaker, Henry Harteveldt, Ed Pierson, I've, Joe Jacobsen, Harteveldt, Richard A, Brooks, Anthony Brickhouse, Brickhouse Organizations: Service, Alaska Airlines, Portland International Airport, Federal Aviation Administration, United Airlines, Street Journal, Business, CNN, FAA, Boeing, Spirit Airlines, Panama's Copa Airlines, Copa, Reuters, Atmosphere Research, Alaska Airlines Boeing, National Transportation, Alaska Max, Washington Post, LA Times, Southwest Airlines, Japan Airlines, Getty, Riddle Aeronautical University, Japan Airlines Airbus, NTSB Locations: Alaska, United , Alaska, United, AFP

☆ Fire in Panama's Largest Landfill Blows Toxic Smoke Over Capital
▼ + stars: | 2024-01-19 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - A large blaze at a garbage dump outside Panama City blew a toxic smoke in the country's capital on Friday, forcing evacuations as firefighters battled to put out the flames that authorities said were likely caused by arson the night before. "Everything points to the fire being started deliberately," firefighter chief Ernesto de Leon told a press conference. Health Minister Luis Francisco Sucre told reporters evacuations were being effected to protect residents from the flames and toxic gases. Videos on social media showed a helicopter flying above the thick gray smoke spraying down water as birds scatter overhead. Since 6 a.m. some 7,360 gallons (around 28,000 liters) of water have been sprayed over the area, authorities told reporters, saying some 60% of the blaze was controlled and this could reach 90% by Saturday.

Persons: Firefighers, Ernesto de Leon, Luis Francisco Sucre, Sucre, Angel Delgado, Laurentino Cortizo, Sarah Morland, Valentine Hilaire, Sandra Maler Organizations: Reuters, Panama City, Health, La Prensa, Saturday, La, Cerro Patacon Locations: Panama, Cerro

☆ The top 9 'must-have' travel experiences of 2024, according to luxury advisors
▼ + stars: | 2024-01-16 | by ( Monica Pitrelli | Jonathan Delise | ) www.cnbc.com time to read: +8 min

If that sounds like a tall order for a summer getaway, the luxury travel company Virtuoso asked 20,000 of its travel advisors to share their top experiences for 2024. Dark sky tourism focuses on rural locations without light pollution, such as Greece's Olympus Mountain National Park. Departing in August, Virtuoso recommends travelers first take in the Olympic Games before departing the city in style. Passion travelsHobbies may be associated with the home, but Virtuoso recommends taking your passions on the road. Virtuoso recommends exploring Peruvian cuisine at the Mistura Food Festival, or checking out the street food of Ljubljana, Slovenia.

Persons: Nicolas Economou, Manoj Shah, Belles, Bhutan's, Young, Peter Adams, Chiang Mai, Koh, Wiphop, Sakura, James Cole, Hillary, Cousteau, Shackleton, pricey, Yasin Akgul, bookworms, Wolfgang Kaehler, Brian Curtice, Levente Bodo, ERNESTO BENAVIDES Organizations: Nurphoto, DarkSky, Stone, InterContinental, UNESCO, Istock, Expedition, Getty, CNBC Travel, Orient, Afp, Departing, Olympic Games, Chelsea Flower, Lightrocket, Festival Locations: stargazing, Norway, Iceland, Canada, Northern Mexico, Blanco , Texas, Albanya, Spain, Africa, Bhutan, Thailand, Pana, Yai, Bangkok, Japan Japan, United States, North America, Japan, Hakodate, Hokkaido, Kyoto, Kanazawa, Fuji's, Antarctica, Paris, Istanbul, Turkey, Asia, Europe, Venice, Turkish, Strahov, Riau, Isla, Ljubljana, Slovenia

☆ 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

☆ 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

☆ 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

☆ 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

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