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The Panama Canal, a vital route for approximately $270 billion worth of cargo annually and responsible for 40% of all US container traffic, is facing a severe drought exacerbated by climate change and infrastructure limitations. The water levels have dropped to a critical point, leading the Panama Canal Authority to impose restrictions on the number of ships allowed to pass each day. This has resulted in longer queues, prompting some shippers to pay to expedite their passage or seek alternative routes.
Possible remedies for the water level issues in the Panama Canal include exploring experimental concepts and considering the contentious proposition of building a new reservoir. The latter option would necessitate flooding adjacent lands. The need to tackle the water level challenges is becoming more pressing as the congestion at the canal intensifies.
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More than a decade after the FIFA corruption scandal rocked world soccer, two Argentine sports marketing executives have now admitted paying tens of millions of dollars in bribes to soccer officials in exchange for lucrative broadcasting and marketing rights. Hugo...
Colombian authorities have captured an alleged senior leader of the powerful Venezuelan criminal organization Tren de Aragua in Bogotá, dealing another major blow to one of Latin America's most notorious transnational gangs. Luis Saúl Pérez Nieto, known by...
U.S. authorities have charged 81 alleged members of Los Baja Deo, a violent drug-trafficking organization accused of operating across western Puerto Rico and generating nearly $50 million in illegal proceeds. The U.S. Justice Department announced the massive federal...
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Toronto fans hoping to see Eros Ramazzotti this fall will have to wait another year. The Italian superstar has postponed the North and Latin American portion of his Una Historia Importante World...
Canada is preparing to retaliate after the United States imposed sweeping 50% tariffs on nearly $20 billion worth of Canadian goods, escalating the trade dispute between the longtime neighbours....
If you love Latin music, September might be the month you stop making weekend plans. Because Toronto is absolutely loaded. The city has spent years building its reputation as one of the biggest...
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