Hong Kong conglomerate loses control of Panama Canal ports

The Panamanian government has taken control of CK Hutchison’s two ports on the Panama Canal, citing “urgent social interest”. This move comes after a Supreme Court ruling deemed the company’s concession unconstitutional, sparking a yearlong dispute involving China, the US, and Panama. President Mulino rejected China’s threats, emphasizing Panama’s commitment to upholding the rule of law.

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