Tag: ports
China criticises Hong Kong firm’s sale of majority stake in Panama ports
Commentary urged CK Hutchison to ‘think twice’ about ‘what position and side they are on’ in sale to US investors China has criticised the sale of the business that controls ports in Panama to US investors, saying the Hong Kong-based parent company should “think twice” and that the $22.8bn deal is “power politics” that is…
Hong Kong firm to sell stake in Panama ports amid Trump pressure
Deal with US finance giant BlackRock, valued at almost $23bn, comes amid push to curb perceived China influence CK Hutchison Holdings, the Hong Kong-based logistics giant, announced plans to sell a majority stake in a business that controls ports in Panama to investors including the US financial giant BlackRock in a deal worth almost $23bn.…
Israel Strikes Ports and a Power Plant in Houthi-Controlled Parts of Yemen
Middle East Crisis Israel and its allies have escalated strikes against the Houthis to try to force them to stop firing on Israel and Red Sea shipping lanes, but it was not clear whether they would deter the Iran-backed militia. By Aaron Boxerman and Ismaeel Naar Aaron Boxerman reported from Jerusalem and Ismaeel Naar from…
Trump’s Falsehoods Aside, China’s Influence Over Global Ports Raises Concerns
The president-elect inaccurately said that Chinese soldiers operate the Panama Canal. But China’s strategic positions in shipping worry Washington officials. By Ana Swanson Ana Swanson covers international trade and is based in Washington. It was a Christmas message that no one saw coming. On Dec. 25, President-elect Donald J. Trump went on his social media…