U.S. Deputy Secretary of State Christopher Landau discussed the importance of an ongoing audit with Panama's Foreign Minister Javier Martinez-Acha on Friday, according to a State Department readout.
The audit focuses on the management of concessions at the two ports flanking the Panama Canal, which are operated by the publicly listed Hong Kong company CK Hutchinson (0001.HK).
Although the Panama Canal itself is managed by Panama, the ports at either end have been under scrutiny due to their critical role in facilitating global trade. Other nearby ports are operated by private companies from the United States, Singapore, and Taiwan, adding layers of complexity to regional trade dynamics.
During their conversation, Landau emphasized that ensuring transparency and accountability in the management of these port concessions is essential for maintaining efficient operations and upholding international trade standards. The audit is part of broader efforts to monitor and improve infrastructure management around one of the world’s most strategic maritime passages.
The discussion reflects the strong cooperative ties between the United States and Panama, particularly on matters affecting trade and security. Further details on the audit and its outcomes are expected to be released in the coming weeks as part of ongoing efforts to bolster oversight and performance in the management of the Panama Canal's associated facilities.
The cost of the U.S. military’s offensive against the Iran-backed Houthi militants in Yemen has reached nearly $1 billion in just under three weeks, but the campaign has had limited success in crippling the group’s capabilities, sources briefed on the operation told CNN.
Nissan Motor Co. is reportedly considering a production shift that would see some U.S.-bound vehicles manufactured domestically in the United States as early as this summer, according to a Nikkei report on Saturday.
A U.S. district judge has ruled that the Trump administration must return Kilmar Abrego Garcia—a Salvadoran migrant legally residing in Maryland with a work permit—back to the United States within three days.
NATO Secretary General Mark Rutte stated on Friday that the sweeping new tariffs announced by US President Donald Trump do not breach the alliance’s treaties, including the provision encouraging economic collaboration among member nations.
Kirill Dmitriev, Russian President Vladimir Putin’s investment envoy, is visiting Washington this week for talks with members of the Trump administration, sparking fresh speculation over behind-the-scenes diplomacy between Moscow and Washington.
Thousands march across Spain demanding affordable housing amid soaring rents and dwindling supply.
President Donald Trump stated on Thursday that he would consider offering tariff relief to China if Beijing approves a deal for the sale of TikTok, the short video app owned by ByteDance.
India and 10 African countries will hold their inaugural joint naval exercise in the Indian Ocean in mid-April, marking a significant step in military cooperation aimed at boosting maritime security and countering China’s growing influence in the region.
Iran’s President Masoud Pezeshkian has dismissed his deputy for parliamentary affairs, Shahram Dabiri, following controversy over Dabiri’s recent trip to Antarctica during the Persian New Year holidays.
U.S. oilfield service firms are facing significant challenges following President Donald Trump’s recent tariff announcement, which is disrupting supply chains and contributing to a decline in oil prices.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
Thousands march across Spain demanding affordable housing amid soaring rents and dwindling supply.
President Donald Trump stated on Thursday that he would consider offering tariff relief to China if Beijing approves a deal for the sale of TikTok, the short video app owned by ByteDance.
India and 10 African countries will hold their inaugural joint naval exercise in the Indian Ocean in mid-April, marking a significant step in military cooperation aimed at boosting maritime security and countering China’s growing influence in the region.
Iran’s President Masoud Pezeshkian has dismissed his deputy for parliamentary affairs, Shahram Dabiri, following controversy over Dabiri’s recent trip to Antarctica during the Persian New Year holidays.
U.S. oilfield service firms are facing significant challenges following President Donald Trump’s recent tariff announcement, which is disrupting supply chains and contributing to a decline in oil prices.
Thousands march across Spain demanding affordable housing amid soaring rents and dwindling supply.
President Donald Trump stated on Thursday that he would consider offering tariff relief to China if Beijing approves a deal for the sale of TikTok, the short video app owned by ByteDance.
India and 10 African countries will hold their inaugural joint naval exercise in the Indian Ocean in mid-April, marking a significant step in military cooperation aimed at boosting maritime security and countering China’s growing influence in the region.
Iran’s President Masoud Pezeshkian has dismissed his deputy for parliamentary affairs, Shahram Dabiri, following controversy over Dabiri’s recent trip to Antarctica during the Persian New Year holidays.
U.S. oilfield service firms are facing significant challenges following President Donald Trump’s recent tariff announcement, which is disrupting supply chains and contributing to a decline in oil prices.
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