Panama wants ‘respectful’ ties with US amid canal threats

Panama wants ‘respectful’ ties with US amid canal threats
A cargo ship transits through Panama Canal Cocoli locks in Panama City. The Panama Canal announced on April 4, 2025, that it will open a tender to build an 80 km pipeline to transport fuel between the Caribbean and the Pacific in an attempt to diversify its business. (AFP/File)
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Updated 06 April 2025
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Panama wants ‘respectful’ ties with US amid canal threats

Panama wants ‘respectful’ ties with US amid canal threats
  • The United States and China are the two biggest users of the Panama Canal, which handles five percent of global maritime trade, giving it vital economic and geostrategic importance

PANAMA CITY: Panama hopes to maintain a “respectful” relationship with the United States, even as President Donald Trump has repeated threats to retake the Panama Canal, Foreign Minister Javier Martinez-Acha said Saturday.

His comments came ahead of a visit next week by US Defense Secretary Pete Hegseth, a trip made more urgent against the backdrop of Trump’s threats and his allegations of Chinese interference in the canal.

“We discussed illegal migration, organized crime, drug trafficking and (other issues),” Martinez-Acha wrote on X of a call Friday with US Deputy Secretary of State Christopher Landau. “It was a cordial and constructive exchange.”

“I reiterated that all cooperation from Panama will take place under the framework of our constitution, our laws, and the Canal Neutrality Treaty,” he wrote. “Relations with the US must remain respectful, transparent and mutually beneficial.”

The US State Department said Landau had “expressed gratitude for Panama’s cooperation in halting illegal immigration and working with the United States to secure a nearly 98 percent decrease in illegal immigration through the Darien jungle,” an arduous path northward followed by many migrants.

The two officials also discussed the sale last month by the Hong Kong company CK Hutchison to giant US asset manager BlackRock of its concession in ports at either end of the Panama Canal, Martinez-Acha added.

Panama’s comptroller has been conducting an audit of Hutchison since January.

Landau “recognized Panama’s actions in curbing malign Chinese Communist Party influence,” the State Department said.

The deal was set to close on April 2 but has been held up as Chinese regulators pursue an investigation.

The United States and China are the two biggest users of the Panama Canal, which handles five percent of global maritime trade, giving it vital economic and geostrategic importance. It was inaugurated by the United States in 1914 and has been in Panamanian hands since 1999.


Trump says Canada to face 35 percent tariff rate starting August 1

Trump says Canada to face 35 percent tariff rate starting August 1
Updated 11 sec ago
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Trump says Canada to face 35 percent tariff rate starting August 1

Trump says Canada to face 35 percent tariff rate starting August 1
  • Canada and Mexico are both trying to find ways to satisfy Trump so that the free trade deal uniting the three countries — known as the USMCA — can be put back on track

WASHINGTON: Canada will face a 35 percent tariff on exports to the United States starting August 1, President Donald Trump said Thursday in a letter to Prime Minister Mark Carney.

It was the latest of more than 20 such letters issued by Trump since Monday, as he continues to pursue his trade war threats against dozens of economies.

Canada and the US are locked in trade negotiations in hopes to reach a deal by July 21 and the latest threat seemed to put that deadline in jeopardy.

Canada and Mexico are both trying to find ways to satisfy Trump so that the free trade deal uniting the three countries — known as the USMCA — can be put back on track.

The United States-Mexico-Canada Agreement replaced the previous NAFTA accord in July 2020, after Trump successfully pushed for a renegotiation during his first term in office.

It was due to be reviewed by July next year, but Trump accelerated the process by launching his trade wars after he took office in January.

Canadian and Mexican products were initially hard hit by 25 percent US tariffs, with a lower rate for Canadian energy.

Trump targeted both neighbors saying they did not do enough on illegal immigration and the flow of illicit drugs across borders.

But he eventually announced exemptions for goods entering his country under the USMCA, covering large swaths of products. Potash, used as fertilizer, got a lower rate as well.

The letter on Thursday came despite what had been warming relations between Trump and Carney.

The Canadian leader came to the White House on May 6 and had a cordial meeting with Trump in the Oval Office.

They met again at the G7 summit last month in Canada, where leaders pushed Trump to back away from his punishing trade war.

 


Trump says Canada to face 35 percent tariff rate starting August 1

Trump says Canada to face 35 percent tariff rate starting August 1
Updated 19 sec ago
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Trump says Canada to face 35 percent tariff rate starting August 1

Trump says Canada to face 35 percent tariff rate starting August 1
  • Canada and Mexico are both trying to find ways to satisfy Trump so that the free trade deal uniting the three countries — known as the USMCA — can be put back on track

WASHINGTON: Canada will face a 35 percent tariff on exports to the United States starting August 1, President Donald Trump said Thursday in a letter to Prime Minister Mark Carney.

It was the latest of more than 20 such letters issued by Trump since Monday, as he continues to pursue his trade war threats against dozens of economies.

Canada and the US are locked in trade negotiations in hopes to reach a deal by July 21 and the latest threat seemed to put that deadline in jeopardy.

Canada and Mexico are both trying to find ways to satisfy Trump so that the free trade deal uniting the three countries — known as the USMCA — can be put back on track.

The United States-Mexico-Canada Agreement replaced the previous NAFTA accord in July 2020, after Trump successfully pushed for a renegotiation during his first term in office.

It was due to be reviewed by July next year, but Trump accelerated the process by launching his trade wars after he took office in January.

Canadian and Mexican products were initially hard hit by 25 percent US tariffs, with a lower rate for Canadian energy.

Trump targeted both neighbors saying they did not do enough on illegal immigration and the flow of illicit drugs across borders.

But he eventually announced exemptions for goods entering his country under the USMCA, covering large swaths of products. Potash, used as fertilizer, got a lower rate as well.

The letter on Thursday came despite what had been warming relations between Trump and Carney.

The Canadian leader came to the White House on May 6 and had a cordial meeting with Trump in the Oval Office.

They met again at the G7 summit last month in Canada, where leaders pushed Trump to back away from his punishing trade war.

 


French president calls for joint recognition of Palestinian state by France and UK

French president calls for joint recognition of Palestinian state by France and UK
Updated 11 July 2025
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French president calls for joint recognition of Palestinian state by France and UK

French president calls for joint recognition of Palestinian state by France and UK
  • After talks with British Prime Minister Keir Starmer in London, Emmanuel Macron stresses urgent need for a 2-state solution to Israeli-Palestinian conflict
  • Starmer reaffirms his country’s commitment to a just political settlement of the Palestinian issue

LONDON: French President Emmanuel Macron has urged his country and the UK to jointly recognize Palestinian statehood, describing it as “the only path to peace.”

Speaking during a joint press conference with UK Prime Minister Keir Starmer in London, Macron stressed the urgent need for efforts to advance a two-state solution to the conflict between Israelis and Palestinians.

“I believe in the future of the two-state solution, and in the need to unify our voices in Paris, London and beyond to recognize the State of Palestine and launch this political dynamic that alone can lead to a horizon of peace,” Macron said.

Starmer reaffirmed the UK’s commitment to a just political settlement of the Palestinian issue, and highlighted the importance of international support for the Palestinian people and the need for stability in the region.

Macron concluded on Thursday a three-day state visit to the UK. It was the first such visit by a French statesman since 2008, and the first by an EU leader since Brexit in 2020.

On Wednesday, the Palestinian Authority welcomed comments by Macron during his speech to the British Parliament in which he affirmed the position of France on recognition of a Palestinian state as a way to help ensure stability in the Middle East.

Organizers of an international conference to garner support for Palestinian national independence, planned for mid-June and sponsored by Saudi Arabia and France, had to postpone the event because of the outbreak on June 13 of war between Iran and Israel.

In recent weeks, several members of Parliament belonging to Starmer’s ruling Labour Party have called on his government to officially recognize a Palestinian state and join with France in doing so.

 


Years later, key figures in Russia investigation face new scrutiny from Trump administration

Years later, key figures in Russia investigation face new scrutiny from Trump administration
Updated 11 July 2025
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Years later, key figures in Russia investigation face new scrutiny from Trump administration

Years later, key figures in Russia investigation face new scrutiny from Trump administration
  • Former FBI Director James Comey and former CIA Director John Brennan targetted in probe by Trump administration
  • Comey and Brennanamid were central players in the 2017 intel assessment on Russian election interference in the 2016 US election

WASHINGTON: FBI Director Kash Patel pledged at his confirmation hearing that the bureau would not look backward, but the Trump administration’s fresh scrutiny of the Russia investigation has brought back into focus a years-old inquiry that continues to infuriate the Republican president.

The Justice Department appeared to acknowledge in an unusual statement this week the existence of investigations into two central players from that saga, former FBI Director James Comey and former CIA Director John Brennan, amid a new report revisiting a 2017 intelligence community assessment on Russian election interference.

That the Russia investigation, which shadowed President Donald Trump through his first term, would resurface is hardly surprising given Trump’s lingering ire over the inquiry and because longtime allies, including Patel and current CIA Director John Ratcliffe, now lead the same agencies whose actions they once lambasted. Whether anything new will be found is unclear in light of the numerous prior reviews on the subject, but Trump has long called for investigations into Comey and Brennan, and Patel — in his memoir — placed them on a list of “members of the Executive Branch Deep State” deserving of derision.

“The conduct at issue or alleged conduct at issue has been the subject of numerous other investigations — IG investigations, special counsel investigations, other internal investigations, congressional investigations. And none of those past investigations turned up any evidence that led to criminal charges against any senior officials,” said Greg Brower, a former FBI senior executive and ex-US attorney in Nevada.

Word of the inquiry came as FBI and Justice Department leaders scramble to turn the page from mounting criticism from prominent conservatives for failing to release much-hyped files from the Jeffrey Epstein sex trafficking investigation. And as federal investigators have taken steps to examine the actions of other perceived adversaries of the administration, fueling concerns that the administration is weaponizing the criminal justice system for partisan purposes.

At issue now is a newly declassified CIA report, ordered by Ratcliffe, that faults Brennan’s oversight of a 2017 intelligence community assessment that found that Russia interfered in the 2016 presidential election because Russian President Vladimir Putin aspired to see Trump beat Democratic opponent Hillary Rodham Clinton.

The report does not challenge that conclusion but chides Brennan for the fact that a classified version of the intelligence assessment included a two-page summary of the so-called “Steele dossier,” a compilation of opposition research from a former British spy that included salacious and uncorroborated rumors about Trump’s ties to Russia.

Brennan testified to Congress, and also wrote in his memoir, that he was opposed to citing the dossier in the intelligence assessment since neither its substance nor sources had been validated. He has said it was included at the FBI’s urging.

But the new report casts Brennan’s views in a different light, asserting that he “showed a preference for narrative consistency over analytical soundness” and brushed aside concerns over the dossier because of its “conformity with existing theories.” It quotes him, without context, as having written that “my bottomline is that I believe that the information warrants inclusion in the report.”

Fox News reported Tuesday evening that the FBI had begun investigating Brennan for potentially making false statements to Congress as well as Comey, though the basis for that inquiry is unclear. A person familiar with the matter confirmed to The Associated Press that Ratcliffe, a staunch Trump defender and vocal critic of the Russia investigation, had referred Brennan to the FBI for possible investigation.

The person spoke on condition of anonymity to discuss a referral that has not been made public.

A Justice Department spokesperson issued a statement Wednesday referencing, without elaboration, the “criminal investigations” of Brennan and Comey, saying the department did not comment on “ongoing investigations.” It was not clear if the statement also referred to the continued scrutiny of Comey over the Instagram post. The FBI declined to comment.

Representatives for the men declined to comment this week, though Brennan said in an MSNBC interview on Wednesday that he had not been contacted by the FBI and knew nothing about an inquiry. He said he remained proud of the work intelligence agencies did to examine Russian interference in the 2016 election.

“I think this is unfortunately a very sad and tragic example of the continued politicization of the intelligence community, of the national security process,” Brennan said. “And quite frankly, I’m really shocked that individuals who are willing to sacrifice their reputations, their credibility, their decency to continue to do Donald Trump’s bidding on something that is clearly just politically based.”

A lengthy investigation by former special counsel John Durham that reviewed the intelligence community assessment as well as the broader Russia investigation did not find fault with Brennan.

Comey has separately been interviewed by the Secret Service after a social media post that Republicans insisted was a call for violence against Trump. Comey has said he did not mean the Instagram post as a threat and removed it as soon as he realized it was being interpreted that way.

The Justice Department has taken steps in recent months to scrutinize other people out of favor with Trump opening inquiries into whether former New York Gov. Andrew Cuomo lied to Congress about his state’s response to the coronavirus pandemic and into whether New York Attorney General Letitia James, who has sued Trump and his company, engaged in mortgage fraud. Both have vigorously denied wrongdoing. In other instances, the Justice Department has been directed by Trump to examine the actions of ex-government officials who have criticized him.

At the same time, the department refrained from opening an investigation into administration officials who disclosed sensitive military plans on a Signal chat that mistakenly included a journalist.

“Donald Trump is not interested in justice — he’s interested in settling scores and he views the vast prosecutorial powers of the Department of Justice as a way to do that,” said Liz Oyer, who was fired in March as the Justice Department’s pardon attorney after she says she refused to endorse restoring the gun rights of actor Mel Gibson.


Russia seizes $50 billion in assets as economy shifts during war in Ukraine, research shows

Russia seizes $50 billion in assets as economy shifts during war in Ukraine, research shows
Updated 11 July 2025
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Russia seizes $50 billion in assets as economy shifts during war in Ukraine, research shows

Russia seizes $50 billion in assets as economy shifts during war in Ukraine, research shows
  • ‘Fortress Russia’ uses host of mechanisms to take major assets
  • Some domestic businesses also face nationalization, report says

MOSCOW: Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a “fortress Russia” economic model during the war in Ukraine, research showed on Wednesday.

The conflict has been accompanied by a significant transfer of assets as many Western companies fled the Russian market, others’ assets were expropriated and the assets of some major Russian businesses were seized by the state.

In response to what Russia called illegal actions by the West, President Vladimir Putin signed decrees over the past three years allowing the seizure of Western assets, entangling firms ranging from Germany’s Uniper to Danish brewer Carlsberg.

Besides the Western assets, major domestic companies have changed hands on the basis of different legal mechanisms including the need for strategic resources, corruption claims, alleged privatization violations, or poor management.

Moscow law firm NSP (Nektorov, Saveliev & Partners) said that the scale of what it called the “nationalization” amounted to 3.9 trillion roubles over three years, and it listed the companies involved.

The research was first reported by Kommersant, one of Russia’s leading newspapers, which said it illustrated a “fortress Russia” economic model.

The 1991 break-up of the Soviet Union ushered in hopes that Russia could transform into a free-market economy integrated into the global economy, but vast corruption, economic turmoil and organized crime undermined confidence in democratic capitalism through the 1990s.

Putin, in his first eight years in power, supported economic freedoms, targeted some so-called oligarchs and presided over a significant growth of the economy to $1.8 trillion in 2008 from $200 billion in 1999.

In the 2008-2022 period, the economy grew to $2.3 trillion, though Western sanctions hit it hard after Russia annexed Crimea from Ukraine in 2014, according to figures from the International Monetary Fund.

Though the Russian economy has performed better than expected during the war in Ukraine, its nominal dollar size in 2024 was just $2.2 trillion, according to IMF figures, much smaller than China, the European Union or United States.

‘Fortress Russia’

Russian officials say that the Ukraine war — the biggest confrontation with the West since the depths of the Cold War — has demanded extraordinary measures to prevent what they say was a clear Western attempt to sink the Russian economy.

Putin says the exit of Western firms has allowed domestic producers to take their place and that the Western sanctions have forced domestic business to develop. He has called for a “new development model” distinct from “outdated globalization.”

But the wartime economy, geared toward producing weapons and supporting a long conflict with Ukraine, has put the state — and those officials who operate it — in a much more powerful position than private Russian businesses.

Russian prosecutors are now seeking to seize billionaire Konstantin Strukov’s majority stake in major gold producer Uzhuralzoloto (UGC) for the state.

More than a thousand companies — from McDonald’s to Mercedes-Benz — have left Russia since the February 2022 start of Russia’s war in Ukraine by selling, handing the keys to existing managers or simply abandoning their assets.

Others had their assets seized and a sale forced through.