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Incoming Panama Government Debuts Plan to Keep U.S.-Bound Migrants Out of Darién Gap

Frank Abrego, recently named Panama’s next public security minister, on Thursday outlined the first steps in the incoming government’s plan to crack down on U.S.-bound migrants passing through the dangerous Darien Gap jungle trail. Closing the Darien Gap, a jungle trail shared by Panama and Colombia, was one of Panamanian President-elect José Raul Mulino’s major […]

Panama president-elect builds business-friendly cabinet

Panamanian President-elect José Raul Mulino on Thursday brought business leaders and economists into his fold, promising his first Cabinet selection will be a private-sector-friendly government. The Mulino government, which will begin the transition process next month, has appointed business leader Felipe Chapman to the post of economy and finance minister and economist Javier Martínez-Acha to […]

Newly elected president of Panama vows to shut down critical migration route

Panama’s next president has vowed to make big changes to ease the U.S. border crisis. President-elect Jose Raul Mulino has vowed to close the critical migration gap through Panama, which was used by more than 500,000 migrants last year, signaling a shift in policy for the country as the U.S. continues to grapple with the […]

Panama Papers: trial begins of 27 Mossack Fonseca employees | Panama Papers

A criminal trial has begun in a Panamanian court on money laundering charges against 27 employees of the law firm at the center of the Panama Papers scandal. Eight years ago, financial records from law firm Mossack Fonseca were leaked, sparking international outrage over the use of offshore companies by wealthy individuals to commit tax […]

Former Panama president’s sentence stands, likely dooming election prospects

Panama’s Supreme Court on Friday rejected the appeal of former President Ricardo Martinelli, who was convicted of money laundering in the media company case, likely keeping him out of this year’s presidential race. The court confirmed Martinelli’s 10-year prison sentence handed down last year and ruled that he is ineligible to run in Panama’s presidential […]

Red Sea, Panama Canal issues are worse than people realize, expert says

Check out what’s being clicked on FoxBusiness.com Logistics experts say the problems affecting global trade, particularly the Houthi attacks in the Red Sea and the Panama Canal drought, are far more serious than many realize. The disruption could be widespread and could lead to further product delays in the U.S. over the coming months as […]