US rattled as China's construction work under Belt and Road initiative reaches Panama in Central America
China's expansion in Latin America of its Belt and Road initiative to build ports and other trade-related facilities is stirring alarm in the US.
Taiwan on Tuesday slammed Panama after it switched diplomatic relations from Taiwan to China, accusing Beijing of using "money diplomacy" to sway Panama
Panama switches diplomatic ties from Taipei to Beijing, calls Taiwan 'inalienable part of Chinese territory'
Panama has switched diplomatic recognition from Taiwan to China after a century of having only commercial relations with the Asian giant.
Now, ships as long as the Eiffel Tower is tall, and as broad as Olympic-sized swimming pools, will be able to use the Panama canal.
The scandal triggered by the Panama Papers leak of information on how and where the world's wealthy stash funds to avoid detection or taxes underscored many countries' vulnerabilities, President Juan Carlos Varela said Tuesday.
Panamanian President Juan Carlos Varela called on Tuesday for global efforts to tackle the "Panama Papers" scandal
Ramon Fonseca said the firm, Mossack Fonseca, had broken no laws and that all its operations were legal; it had never helped anyone evade taxes.