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View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. The disruption was caused by an "illegal blockade" of small boats at the mine's Punta Rincon port, the company said in a statement. The protests began after the Panamanian government and First Quantum signed a new contract on Oct. 20 for Cobre Panama, which contributes 1% to global copper production and 5% to Panama's gross domestic product. The demonstrators say the new terms are too generous to First Quantum and allege corrupt practices in its approval. A reduction of ore processing could potentially impact about 2% of Panama's national workforce, the company said, adding that two ore processing trains remain operational.

Persons: Sourasis Bose, Valentine Hilaire, Sriraj Kalluvila, Rosalba O'Brien Organizations: Minerals, REUTERS, Aris, Cobre, Reuters, Thomson Locations: Panama, Donoso, Rincon, Panamanian, Cobre Panama, Bengaluru, Mexico City

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. Two Panamanian prosecutors have deemed the contract unconstitutional after examining legal challenges submitted to the court. First Quantum did not reply to a request for comment on the future of the contract pending court proceedings. Panama's mining chamber has urged against canceling the contract, saying First Quantum could sue Panama for at least $50 billion. Another lawyer said the court could also move to declare parts of the contract unconstitutional, which would not annul it completely.

Persons: Maritza Cedeno, Ariel Corbetti, Corbetti, Juan Carlos Arauz, Arauz, Victor Baker, Valentine Hilaire, Divya Rajagopal, Elida Moreno, Denny Thomas, Marguerita Choy Organizations: Minerals, REUTERS, Aris, Jiangxi Copper Co, Reuters, Panama, Thomson Locations: Panama, Donoso, Jiangxi, China

☆ Waikiki hotel is ditching the Trump name
▼ + stars: | 2023-11-13 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —The number of Trump Hotels continues to dwindle, with the chain’s Hawaii resort the latest to ditch the tarnished name for a less politicized brand. The Trump International Hotel Waikiki is joining Hilton and will no longer have the former president’s name attached to it. In February 2024, the 38-floor hotel will be called the Wākea Waikiki Beach, as part of the Hilton LXR collection of high-end resorts. Trump troublesWith the departure of its Hawaiian hotel, the number of Trump Hotels and Resorts is down to just eight across the world. The Trump hotel in Las Vegas — a hotel condominium of which Trump owns half — had misleading financial statements between 2013 and 2021, the suit alleges, due to income projections based on the sale of residential units that assumed prices much higher than what units were selling for, among other reasons.

Persons: Hilton, “, ”, Jason Grosfeld, It’s, Letitia James, Trump, James, Ivanka Organizations: New, New York CNN, Trump Hotels, Trump International, Hilton, Trump Organization, Irongate, Trump, Resorts, New York Locations: New York, Hawaii, Beach, Hawaiian, TripAdvisor, SoHo, Toronto, Washington, Panama City, Panama, Vancouver, Vegas, Las Vegas

☆ Before World Leaders Arrive, San Francisco Races to Clean Up
▼ + stars: | 2023-11-10 | by ( Heather Knight | More About Heather Knight | ) www.nytimes.com time to read: +1 min

The conference comes at a pivotal moment for San Francisco, which has struggled to rebound from the pandemic closures that scrambled downtowns across the country. Local leaders hope the APEC conference will be just the catalyst that San Francisco needs to shake off its pandemic doldrums. At the very least, the past few weeks have shown that the city can clean up well. “This is a huge opportunity, and we’ve been planning this down to the gnat’s eyebrow,” said Aaron Peskin, the president of the San Francisco Board of Supervisors. Mr. Peskin turned to history for hope that the APEC conference could reverse the city’s beleaguered image, one that many residents say has been unfairly overblown.

Persons: San, we’ve, ”, Aaron Peskin, Peskin Organizations: APEC, San Francisco, of Supervisors, Pacific Locations: San Francisco, Francisco, Panama, New York

☆ As crisis deepens, Cubans scramble to migrate by any means
▼ + stars: | 2023-11-09 | by ( Dave Sherwood | ) www.reuters.com time to read: +5 min

The crowded terminal, a launch point for Cubans making their way by air to Nicaragua then overland to the United States, is one barometer of the frenzy to migrate from the communist-run island nation. For many, like Echavarria and his wife, it has also become a last resort as Cuba's economic crisis deepens with no end in sight. 'I GOT LUCKY'Artist Ernesto Perez, 51, told Reuters he had waited since 2015 for his turn to enter the United states legally under a family reunification program. Cuba blames the long-running U.S. trade embargo and Trump-era sanctions for fueling the economic crisis and the exodus of more than 400,000 Cubans leaving for the United States in the last two years. For many Cubans, however, Nicaragua remains the only viable option for getting off the island, said Yoany Bilbao, a 28-year old auto mechanic.

Persons: Alexandre Meneghini, Echavarria, Olga, Joe Biden, Alain Ferguson, Ferguson, Ernesto Perez, Perez, Brian Nichols, Yoany, Dave Sherwood, Ted Hesson, Ismael Lopez, Alien Fernandez, Mario Fuentes, Nelson Acosta, Mica Rosenberg, Rosalba O'Brien Organizations: REUTERS, Rights, Reuters, U.S, Central America, West, CBP, United, Trump, Senior U.S . Department of State, Thomson Locations: Panama, Havana, Cuba, Rights HAVANA, Havana's, Nicaragua, United States, Central, U.S, Florida, Mexico, Washington, San Jose

☆ Two demonstrators killed amid anti-mining protests in Panama
▼ + stars: | 2023-11-08 | by ( Patrick Oppmann | ) edition.cnn.com time to read: +5 min

CNN —Anti-mining protests that have roiled Panama for the last two weeks turned deadly on Tuesday when a man allegedly shot and killed two demonstrators, according to police. For weeks, tens of thousands of protestors have vented their fury at a controversial mining contract given to Minera Panama, the local subsidiary of a Canadian mining company, to extract copper, a key component in electric car batteries. Teachers march to protest the deaths of two people during a demonstration against the government's contract with Canadian mining company First Quantum and its subsidiary Minera Panama in Panama City on November 8, 2023. Roberto Cisneros/AFP/Getty ImagesA march against the government contract with Canadian mining company First Quantum and its subsidiary Minera Panama in Panama City on November 3, 2023. In 2017, Panama’s Supreme Court declared another contract to operate the copper mine as unconstitutional, forcing the mining company and government to renegotiate the deal.

Persons: Manuel Noriega, Roberto Cisneros, Panamanians, Martita Cornejo, Panama John Feeley, ”, Weeks, Laurentino Cortizo, “, ” Cortizo Organizations: CNN, Twitter, Pan, Panama’s National Police, Central, Minerals, Minera, AFP, Getty, ”, Panama’s Locations: Panama, Central American, Canadian, Minera Panama, Panama City, Panamanian, Colombia, Panamanian State

Miranda Villasmil guided her daughter and son past hundreds of huddled migrants, many still muddied and swollen from their trek here to Costa Rica from South America. The family of three carried just two grocery bags of their belongings from their past lives in Venezuela. When they reached the row of shuttle buses that would carry them to the Nicaraguan border, Ms. Villasmil was so overwhelmed with relief that she texted her relatives back home who were also considering fleeing. The Costa Rican government, she wrote them, was willing to provide “safe passage.”“We move forward,” Ms. Villasmil told her family in Venezuela. Ms. Villasmil is one of thousands of migrants taking advantage of new busing programs adopted by Costa Rica and other Central American countries trying to contend with a historic tide of migration passing through their borders.

Persons: Miranda Villasmil, Villasmil, ”, Ms Organizations: Costa, Central Locations: Costa Rica, South America, Venezuela, Nicaraguan, Costa Rican, Panama, Costa Rica’s

☆ The holiday spending outlook is sluggish across thousands of retailers: CNBC Supply Chain Survey
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

Photographer: Christopher Dilts/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesAs holiday shopping season begins, lack of big orders from retailers is the rule amid fears that consumer spending will be weak, according to a new CNBC Supply Chain Survey. At the CNBC Evolve Global Summit last Thursday, Target CEO Brian Cornell said the company is doubling down on its cautious outlook for the holiday season. The CNBC Supply Chain Survey was conducted October 21-October 31 among logistics executives who manage freight manufacturing orders and transportation, including those at C.H. Lunar New Year and order volumes The CNBC Supply Chain Survey underscores an overall climate of uncertainty that is defining the market right now. The freight trucking recession Trucking companies get paid per load, and the low expectations for orders imply potentially lower revenue this holiday season.

Persons: Christopher Dilts, Robinson, Noah Hoffman, Hoffman, Jeremy Barnum, Brian Cornell, Raj Subramaniam, restocking, Kuehne, Nagel, Paul Brashier, Tim Robertson, Robertson, Brian Bourke, Elmer Buchta, Jeff Bezos, Uber, Brashier, Berkshire Hathaway, Alan Baer Organizations: Bloomberg, Getty Images Bloomberg, Getty, CNBC Supply Chain Survey, North American Surface Transportation, CNBC, Global, FedEx, Chain Survey, SEKO Logistics, USA, ITS Logistics, Amazon, Maersk, Logistics, Convoy, Tank Transport, U.S ., Union Pacific, BNSF, Norfolk Southern, CSX Locations: Chicago , Illinois, C.H, U.S, China, United States, Montana, Indiana, Panama, West Coast, U.S . West Coast, Los Angeles, Berkshire, West, East Coast

☆ The Panama Canal drought crisis is intensifying
▼ + stars: | 2023-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Panama Canal drought crisis is intensifyingDrought conditions that have plagued the Panama Canal amid the worst El Nino in recent history are expected to result in drastic vessel traffic cuts in the coming months.

Organizations: El Nino Locations: Panama

☆ Hundreds leave to join Mexico migrant caravan headed for US
▼ + stars: | 2023-11-05 | by ( Jose Torres | ) www.reuters.com time to read: +1 min

MEXICO, Nov 5 (Reuters) - A caravan of at least hundreds of migrants left from the southern Mexican city of Tapachula on Sunday, heading for the U.S. southern border. The smaller caravan plans to join a larger one that left six days ago and is currently stopped about 25 miles (40 km) north in the town of Huixtla. [1/3]Migrants walk along the road in a caravan in an attempt to reach the U.S border, in Tapachula, Mexico November 5, 2023. A record number of people this year have crossed the Darien Gap region connecting Panama and Colombia. Reporting by Jose Torres; Writing by Sarah Kinosian; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Torres, Selma Alvarez, Alvarez, Joe Biden, Sarah Kinosian, Josie Kao Organizations: REUTERS, Jose Torres Acquire, CBP, Thomson Locations: MEXICO, Mexican, Tapachula, U.S, Huixtla, Chiapas, Cuba, El Salvador, Guatemala, Haiti, Honduras, Venezuela, Mexico, Darien, Panama, Colombia

☆ Panama Canal drought hits new crisis level with nearly half of vessel traffic targeted for cuts
▼ + stars: | 2023-11-03 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

PANAMA CITY, PANAMA - SEPTEMBER 22: The container ship Maersk Bogor is guided by a tugboat as it prepares to enter the Miraflores locks while transiting the Panama Canal on September 22, 2023 in Panama City, Panama. The Panama Canal Authority is continuing to restrict the number of vessels that pass through the Panama Canal locks as drought has caused water levels at Gatun Lake to drop. Over one hundred ships are waiting to transit the canal and the backup could delay goods heading to the United States for the holiday season. The Panama Canal is popular for East Coast trade because it is faster than other options. Traveling through the Panama Canal takes only 35 days.

Persons: Justin Sullivan, Adil Ashiq, Alan Baer, Baer, Jon Davis, Davis, Ashiq, Paul Brashier Organizations: PANAMA CITY, The Panama Canal, Port, CNBC Supply Chain, Panama Canal Authority, East, Panama Canal, MarineTraffic, USA, CNBC, U.S, ITS Logistics Locations: PANAMA, Bogor, Miraflores, Panama, Panama City, The Panama, Colon, Caribbean, United States, Cape Horn, South America, East, Charleston, El Nino, East Coast, Shenzhen, China, Miami , Florida, Suez, North America, U.S, West Coast, Asia, Gulf

PANAMA CITY (AP) — Panama’s President, Laurentino Cortizo, signed into law an indefinite moratorium on new mining concessions Friday. An article was removed, however, that would have revoked a controversial mining contract that sparked nationwide protests over the past two weeks. Minera Panama is a local subsidiary of Canadian mining company First Quantum. Protests continued across the country Friday, drawing supporters from Indigenous groups and unions across the education, construction and medical sectors. In 2017, El Salvador’s congress passed a total ban on the mining of metals in the country, becoming one of the first countries to enact such a broad ban.

Persons: —, Laurentino Cortizo, Cortizo Organizations: PANAMA CITY, Panama’s Locations: PANAMA, Panama, Colon, El

View of the Cobre Panama mine, of Canada's First Quantum Minerals, in Donoso, Panama, December 6, 2022. That leaves the fate of the contract for now in the hands of the country's top court. Panama's moves raise questions about copper supplies, as Cobre Panama accounts for about 1% of global output. First Quantum inherited the contract after it replaced Petaquilla Gold as operator of the mine in 2013. Panama's top court will hear various challenges against the contract in the coming days.

Persons: Valentine Hilaire, Divya, Denny Thomas, Rod Nickel Organizations: Minerals, REUTERS, Aris, First, Thomson Locations: Panama, Donoso, Canada

WASHINGTON (AP) — Treasury Secretary Janet Yellen wants Latin America to trade more with the United States as part of an initiative that so far has failed to disrupt China’s dominance in global manufacturing. The Inter-American Development Bank, which is the biggest multilateral lender to Latin America, would support new projects through grants, lending and new programs. But if you’re not involved, this opens the door for anybody” to invest in Latin America. Latin America will be a region of increased focus in the next year, as Brazil takes the presidency of the Group of 20 international forum. A Treasury official told the AP that Yellen will be traveling frequently to South America and Latin America over the next year, due to Brazil's G-20 presidency.

Persons: Janet Yellen, Yellen, ” Yellen, Ilan Goldfajn, you’re, ” Organizations: WASHINGTON, —, Inter, American Development Bank, Partnership, Economic Prosperity, ’, White, “, Boston University Global Development, El, Associated Press, Treasury Department, Treasury, AP Locations: America, United States, U.S, Caribbean, Peru, Chile, Ecuador, Uruguay, Dominican Republic, Costa Rica, China, South America, American, Honduras, Taiwan, El Salvador, Nicaragua, Panama, Brazil, Latin America

☆ Hundreds more join Mexico migrant caravan headed for US, organizer says
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Oct 31 (Reuters) - Hundreds more people have joined a caravan of thousands of migrants in Mexico bound for the United States, one of the organizers said on Tuesday, as the group traveled through the southern state of Chiapas. On Wednesday, the caravan will aim to reach the town of Huixtla, about 13 miles to the north, Mujica said. U.S. President Joe Biden, who is seeking reelection next year, is under pressure to bring down the number of people crossing illegally into the United States from Mexico. Most of the latest caravan are from Cuba, El Salvador, Guatemala, Haiti, Honduras and Venezuela, according to Mujica. The storm is also threatens to lash southern Mexico with rain, potentially affecting the region where the caravan is traveling.

Persons: Irineo Mujica, Mujica, Joe Biden, Pilar, Dave Graham, Michael Perry Organizations: MEXICO CITY, Tuesday, Diego Ore, Thomson Locations: MEXICO, Mexico, United States, Chiapas, Huehuetan, Tapachula, Guatemalan, Huixtla, Cuba, El Salvador, Guatemala, Haiti, Honduras, Venezuela, Darien, Panama, Colombia

In Panama, a lack of water has hampered canal operations in recent years, and some shipping experts say vessels may soon have to avoid the canal altogether if the problem gets worse. Before the water problems, as many as 38 ships a day moved through the canal, which was built by the United States and remained under its control until 2000. The canal authority in July cut the average to 32 vessels, and later announced that the number would drop to 31 on Nov. 1. Further reductions could come if water levels remain low. The canal authority is also limiting how far a ship’s hull can go below the water, known as its draft, which significantly reduces the weight it can carry.

Persons: Panama’s Locations: Panama, El, United States

☆ I dedicated my life to biology until I went on 'Naked and Afraid' and realized I could make a bigger difference doing TV instead
▼ + stars: | 2023-11-01 | by ( Maiya Focht | ) www.businessinsider.com time to read: +6 min

Forrest Galante was a biologist and worked in field research before he went on "Naked and Afraid." AdvertisementAdvertisementBeing on "Naked and Afraid" is the least interesting thing I've ever doneA few weeks later I was on a plane. It was right then and there that I called my boss and told her I was going to pivot to pursuing conservation media. AdvertisementAdvertisementBasically I pivoted the public interest I was getting from "Naked and Afraid" into what I'm doing now. Dreams coming to fruitionBefore working in wildlife media, Forrest Galante worked in conservation biology.

Persons: Forrest Galante, Galante, who'd, —, It's, I'd, that's, I'm, who's, lightbulb, Eric Evangelista, I've Organizations: Service, UC Santa Barbara Locations: Southern California, California, Panama, Fernandina

Panama's legislature first agreed a contract extension with Canadian mining company First Quantum and it's local subsidiary, Minera Panama, in March. Eight lawsuits were also filed with Panama's Supreme Court arguing it was unconstitutional. Critics warned using a new law to revoke the contract could leave the government liable to legal action from Minera Panama. Earlier in the day nurses marched to the Supreme Court building to demand judges prioritize the constitutionality lawsuits. The mine is “in the middle of a jungle,” according to Minera Panama’s own contractor, Jan De Nu Group.

Persons: —, Laurentino Cortizo, Cortizo, Minera, Jan De, El Organizations: PANAMA CITY, National Assembly, Minera, Mineral Resources, Panama's, Toronto Stock Exchange, Supreme Court, Jan De Nu, Global Forest Watch, El Nino Locations: PANAMA, Minera Panama, Colon, Panama

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. First Quantum on Tuesday reaffirmed its commitment to the rule of law with the objective of benefiting Panama. First Quantum and its local unit Minera Panama declined to comment further. A decision to cancel the Cobre Panama mine's contract could slow Panama's GDP growth from an anticipated 6% in 2023 to just 1% without the mine in operation on an annualized basis. The odds of Panama losing its investment-grade rating would rise significantly if the contract is revoked, J.P Morgan warned on Tuesday.

Persons: Laurentino, J.P Morgan, Adriana Linares, Jackie Przybylowski, Michael Camacho, Frank De Lima, Juan Diego Vasquez, Edison Broce, Divya Rajagopal, Valentine Hilaire, Elida Moreno, Steve Scherer, Denny Thomas, Rod Nickel Organizations: Minerals, REUTERS, Aris, Quantum Minerals, Panama, Canada's Global Affairs, Reuters, Bank of Montreal, Finance, Economy, Independent, Thomson Locations: Panama, Donoso, Vancouver, Canada, Toronto

☆ Panama Canal to slash booking slots due to drought over coming months
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. REUTERS/Aris Martinez/File Photo Acquire Licensing RightsPANAMA CITY, Oct 31 (Reuters) - The Panama Canal, one of the world's main maritime trade routes, will further reduce daily ship crossings in the coming months due to a severe drought, the authorities managing the canal said late on Monday, increasing shipping costs. Booking slots will be cut to 25 per day starting Nov. 3 from an already reduced 31 per day, the Panama Canal Authority (ACP) said in a client advisory, and will be gradually reduced further over the next three months to 18 slots from Feb. 1. In recent months, the ACP has imposed various passage restrictions to conserve scarce water, including cutting vessel draft and daily passage authorizations. It also said delays for some gas transporters were at record highs in Panama, pushing up the cost of shipping liquefied gas from the U.S.

Persons: Aris Martinez, Eli Moreno, Brendan O'Boyle, Isabel Woodford, Josie Kao Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Panama Canal Authority, U.S . Energy, Administration, Thomson Locations: Cocoli, Panama, Panama City, PANAMA, Gatun Lake

☆ Panama electoral court rules out imminent referendum on First Quantum contract
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, Oct 30 (Reuters) - Panama electoral court said in a statement on Monday that there are not currently "conditions" to hold a referendum on a controversial mining contract with Canada's First Quantum Miners. President Laurentino Cortizo said on Sunday Panama would hold a referendum to decide whether to scrap a contract with Canadian miner First Quantum's local unit following days of protests in opposition to the open pit copper mine project. Reporting by Valentine Hilaire; Writing by Brendan O'Boyle; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Laurentino Cortizo, Valentine Hilaire, Brendan O'Boyle, Isabel Woodford Organizations: MEXICO CITY, Canada's, Miners, Sunday Panama, Thomson Locations: MEXICO, Panama

☆ Large Migrant Caravan Sets off for US From Southern Mexico
▼ + stars: | 2023-10-30 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Diego OréMEXICO CITY (Reuters) - A large migrant caravan comprising many Central Americans and Venezuelans left southern Mexico on Monday for the United States, organizers and officials said, as Washington grapples with renewed pressure on its southern border. U.S. President Joe Biden, who is seeking reelection next year, is under pressure to curb the number of people crossing illegally into the United States from Mexico. Most of the latest caravan are from Cuba, El Salvador, Guatemala, Haiti, Honduras and Venezuela, according to Mujica. Mujica said the migrants opted to leave Tapachula due to frustration about not being able to obtain humanitarian visas. Tropical storm Pilar formed off Central America in the Pacific on Monday, and threatens to dump heavy rain on the region and parts of southern Mexico.

Persons: Diego, Irineo Mujica, Joe Biden, Mujica, it's, Oscar Gutierrez, Pilar, Diego Ore, Jonathan Oatis Organizations: MEXICO CITY, Central, Migration Institute, Central America Locations: MEXICO, Mexico, United States, Washington, Chiapas, Tapachula, Guatemalan, Cuba, El Salvador, Guatemala, Haiti, Honduras, Venezuela, Huehuetan, Acapulco, Darien, Panama, Colombia, Venezuelan

TORONTO, Oct 30 (Reuters) - Shares in First Quantum Minerals (FM.TO) closed down 28% on Monday after Panama's government said it will hold a referendum on whether to scrap a mining contract awarded to the Canadian mining company on Oct. 20. Shares of First Quantum closed at C$20 after falling as much as 30% earlier in the trading session. President Laurentino Cortizo's decision to hold a binding referendum on Dec. 17 comes after 10 months of disputes regarding First Quantum's open pit mine at Cobre Panama. Thousands of people hit the streets over last weekend after the government approved the new contract with the company. Cobre Panama represents nearly 5% of Panama's gross domestic product and 1.5% of global copper production, according to RBC Capital Markets.

Persons: Panama's, Laurentino, Jefferies, Divya Rajagopal, Eli Moreno, Valentine Hilarie, Tomasz Janowski, Will Dunham, Jan Harvey Organizations: TORONTO, Quantum Minerals, Central American, Cobre, RBC Capital Markets, Thomson Locations: Toronto, Panama, Cobre Panama, Panama City

☆ Shipping industry could lose $10 billion a year battling climate change by 2050
▼ + stars: | 2023-10-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

It is just the latest in a growing number of disruptions hitting the shipping industry as it battles the effects of climate change. A similar reduction in 2019 cost global shipping as much as $370 million, according to a study by RTI International. "We firmly believe that climate change poses a great threat to the shipping industry and the consumer overall. The impacts of climate change on ports alone, from damage to disruption, could cost the shipping industry up to $10 billion annually by 2050 and up to $25 billion per year by 2100, according to the RTI study, which was reviewed by the Environmental Defense Fund. Of all the transportation sectors, shipping is one of the most vulnerable to the effects of climate change.

Persons: Narin Phol, Phol, Hakan Agnevall, Agnevall, It's, it's, Erica Posse Organizations: U.S . Army Corps of Engineers, RTI International, Maersk, North, RTI, Environmental Defense Fund, Wartsila, Shipping, CNBC Locations: Mississippi, Vicksburg , Mississippi, Panama, Vancouver, Canada, North America, Paris

Panama's President Laurentino Cortizo Cohen addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. "I've respectfully listened to those who oppose the contract with Minera Panama," Cortizo said, using the name of First Quantum's local unit. Neither First Quantum nor Minera Panama immediately responded to requests for comment. On Saturday, Minera Panama voiced concern after protesters on boats approached the international Punta Rincon port where it operates. After Cortizo's announcement, Panama's main workers' union said its members will keep protesting in the streets until the contract is annulled.

Persons: Laurentino Cortizo Cohen, Eduardo Munoz, Laurentino Cortizo, Cortizo, I've, Minera, Valentine Hilaire, Elida Moreno, Daina Beth Solomon, Christian Schmollinger, Simon Cameron, Moore Organizations: General Assembly, REUTERS, PANAMA CITY, Sunday Panama, Minera, Central, Protesters, Critics, Punta Rincon, Thomson Locations: New York City, U.S, PANAMA, Panama, Central American, Minera Panama

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