The Panamanian government has asked Chinese shipping giant Cosco to reconsider its decision to suspend operations at the Balboa port amid geopolitical tensions surrounding the strategic gateway and Hong Kong’s CK Hutchison Holdings. Panama’s Minister for Canal Affairs Jose Ramon Icaza told reporters on Friday that Cosco’s decision had caught the government off guard. “The…
President Donald Trump said U.S. forces on Friday “obliterated” targets on Iran’s Kharg Island, which is home to the primary terminal that handles the country’s oil exports. The speaker of the Iranian Parliament had warned that such strikes would provoke a new level of retaliation. Iran has continued to launch widespread missile and drone attacks…
A subsidiary of Hong Kong conglomerate CK Hutchison Holdings is seeking US$2 billion in damages from the Panamanian government over what it described as the “illegal takeover” of the operations of two ports at either end of the strategic canal. In a statement issued on Friday, the Panama Ports Company (PPC) said it had submitted…
A subsidiary of Hong Kong conglomerate CK Hutchison Holdings has accused Panamanian authorities of undermining due process by making an “unnotified intrusion” at a facility storing materials related to ongoing legal proceedings. The Panama Ports Company (PPC) on Friday accused the country’s government of creating a crisis, calling the “illegal takeover” of two port facilities…
Hong Kong’s CK Hutchison Holdings has vowed to pursue all possible legal action, both domestically and internationally, to protect its interests, calling Panama’s move to take over its two ports unlawful. The conglomerate, led by the family of Hong Kong tycoon Li Ka-shing, issued the warning in its second statement in a week after the…
After nearly five years of ownership, Chris Hughes has decided to part ways with his stately Romanesque Revival residence in the prestigious Kalorama enclave of Washington, D.C. The Facebook cofounder has put an $8.8 million price tag on the historic digs, with Marin Hagen and Sylvia Bergstrom of Coldwell Banker Realty sharing the listing. Hughes and his…
Hong Kong’s CK Hutchison has condemned the uninvited takeover of its Panama port by the country’s authorities, calling it unlawful and the “culmination of a campaign” against its subsidiary that operated the terminals. The conglomerate, led by Hong Kong tycoon Li Ka-shing’s family, issued its statement on Tuesday, a day after Panama’s Maritime Authority acted…
Businesses in Hong Kong remain confident of weathering uncertainties after US President Donald Trump raised global tariffs in response to a Supreme Court ruling that struck down his sweeping levies on imports. The local business sector was convinced that the impact of the new 15 per cent global tariff would be “limited”, echoing the opinion…
WASHINGTON: U.S. President Donald Trump will travel to China from March 31 to April 2, a White House official said on Friday, setting dates for a highly anticipated encounter amid tension between the world’s biggest economies. Trump is expected to meet Chinese President Xi Jinping as part of the extended visit, as the two sides…
Authorities in Hong Kong have expressed concern to the local Japanese consulate after a resident was struck on the head with a beer bottle in Sapporo, and have called on Tokyo to better protect visitors from the city. Thursday’s statement followed a warning issued a day earlier by the Chinese consulate in Sapporo advising nationals…