Panama Financial News

The Panama Canal Authority is reaching out to communities that could be impacted if the Indio River is dammed to make a new reservoir ensuring the water supply needed to operate the Panama Canal

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vessels sustained damage after being hit with missiles and a sea drone off Yemen's Red Sea port of Hodeidah early on Tuesday, maritime security agencies and sources monitoring the area said. Both vessels reported that their crews were safe. One of the vessels, the Panama-flagged tanker M/T Cordelia Moon, reported being hit by an Uncrewed Surface Vessel (USV) 64 nautical miles northwest of Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) agency said.

Port of Los Angeles executive director Gene Seroka discusses the key issues of the impending ports strike on Cavuto: Coast to Coast.

Kashmir on Wednesday to witness the ongoing assembly elections. The delegation comprised diplomats from Delhi-based missions of the US, Mexico, Guyana, South Korea, Somalia, Panama, Singapore, Nigeria, Spain, South Africa, Norway, Tanzania, Rwanda, Algeria and the Philippines, people familiar with the matter said. Most of the embassies are represented by their Charge d'affaires and deputy chief of missions, they said. Others are represented by political officers at minister-counselor and counselor ranks.

climate change: an emoji depicting a tree without leaves. Approval of the emoji was revealed in an update earlier this year from the Unicode Consortium. The leafless tree — also known as the "dead tree" or «dying tree» emoji — was first pitched in 2022 by Brian Baihaki, who saw a gap in messaging graphics that touch on environmentalism. «Drought is a natural part of the climate cycle… but the climate is changing (and) drought (is becoming) more frequent, severe, and even (spreading) to other places,» Baihaki noted. «Eventually, all the resources that the trees have will be exhausted.»

Sep 5th, Panama – Gate Ventures is proud to announce its strategic investment in double jump.tokyo Inc., Japan’s foremost Web3 gaming company, as part of a $10 million funding round led by SBI Investment. This significant investment reflects Gate Ventures’ commitment to supporting the advancement of blockchain technology and the Web3 gaming ecosystem on a global scale.

Panama Canal is lifting restrictions that caused a global shipping bottleneck as water levels normalize after a severe drought. The Panama Canal Authority increased the draft in the waterway to a maximum 50 feet and will allow 36 vessels a day to transit after recent rains lifted water levels at an artificial lake that forms part of the canal system, administrator Ricaurte Vasquez told reporters Monday. The agency expects rains to continue through November, further lifting water levels, he said. The canal handles about 3% of global maritime trade volumes under normal circumstances, and 46% of containers moving from Northeast Asia to the US East Coast. The channel is Panama’s biggest source of revenue, bringing in nearly $5 billion last year.

Nicaragua’s government has closed another 151 nongovernmental organizations, among them some of the most important trade organizations, including the American Chamber of Commerce

Aug 19th, Panama – Gate Ventures, the venture capital arm of Gate.io, and the Blockchain Center in Abu Dhabi, a global hub for Web3 technologies, are pleased to unveil Falcon Gate Ventures, a $100 million fund aiming to drive Web3 innovation in the coming years. This joint venture initiative takes a global stance to support Web3 builders that are committed to reshaping the world in the digital age.

The creator of the Famous Amos cookie empire has died

HONOLULU (AP) — Wallace “Wally” Amos, the creator of the cookie empire that took his name and made it famous and who went on to become a children’s literacy advocate, has died. He was 88.

Anant Ambani and Radhika Merchant were recently seen shopping for jewelry in Panama during their honeymoon. A video uploaded on Instagram captures the newly married couple inside a jewelry store, where they cheerfully posed with the store's staff. Radhika Merchant chose a laid-back look, wearing a striped t-shirt paired with white pants and sporting relaxed, beachy waves. She kept her appearance understated by not wearing any jewelry. Anant opted for a tropical print shirt, which has quickly become a hallmark of his style. Anant is the younger son of Mukesh Ambani, the chairman of Reliance Industries, and his wife, Nita Ambani.

NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide, including many Haitian-Americans. NovaTech and co-founders Cynthia and Eddy Petion allegedly promised investors their money would be safe, with Cynthia Petion assuring they would be «in profit from day one.» The SEC said the Petions instead used new money mainly to repay earlier investors and pay commissions to promoters, while siphoning millions of dollars for themselves. It said the scheme lasted for four years until NovaTech's May 2023 collapse.

Federal food safety officials say three people have now died in a listeria food poisoning outbreak linked to Boar’s Head deli meats

A recall of Boar's Head products has expanded to include a whopping 7 million additional pounds of deli and poultry items in a deadly multistate outbreak of listeria infections.

July 29th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, proudly announces the launch of HedgeSmart Strategies-USDT , a cutting-edge Quant Fund product designed to deliver an annualized yield of 10% to 20%. In addition, Gate.io is offering a 30-day principal protection guarantee for first-time subscribers, ensuring a secure investment experience.

July 2nd, Panama – Gate.io , a top cryptocurrency exchange and Web3 innovator, today announced it has enlisted Elliptic, the leading provider of blockchain analytics and investigative solutions, to strengthen its compliance program. Through this collaboration, Gate.io is integrating Elliptic’s comprehensive suite of blockchain monitoring solutions to fortify its network of compliance providers, demonstrating the exchange’s commitment to its users and adherence to regulatory requirements.

A court ruling could permit the construction of a new reservoir to feed the water-starved Panama Canal, but building it might take six years

A judge has acquitted 28 people accused of money laundering in an international case known as the Panama Papers