In response to U.S. President Donald Trump’s claim of “reclaiming” the Panama Canal, Panama President José Raúl Mulino accused Trump of lying, stating that Panama has full control over the canal and that the recent deal involving a U.S. company and a Chinese group does not signify any U.S. “reclaiming” of the waterway. Mulino rejected the notion that the deal was a result of U.S. pressure and emphasized that cooperation between governments should be based on mutual interests, not on false claims of reclaiming sovereignty. The $23 billion deal involving a U.S. consortium and a Chinese group requires approval from Panama’s government, marking a significant development in the history of the Panama Canal’s ownership and operations.
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Virgin Australia flies back onto the stock exchange as rescuer Bain Capital offloads part of holding
Virgin Australia has resumed trading on the stock exchange after more than five years, with shares opening above $3.10, a notable increase from the $2.90 price set during a partial sale by Bain Capital. CEO Dave Emerson highlighted a clear strategy and staff contributions in the airline's restructuring, while Bain retains a 40% stake and is set to benefit from significant fees and severance payments tied to their management of the company. Need More Context?...
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