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El Salvador’s President Nayib Bukele announced a $1.6 billion investment by Turkish company Yilport Holdings to upgrade two ports, Acajutla and La Unión, in what is the largest private investment in the country’s history. This initiative, forming part of the third phase of the government’s economic development program, aims to enhance logistics and foster new trade opportunities. Yilport will collaborate with El Salvador’s CEPA to manage these ports for 50 years. The project will start by the end of this year, with Acajutla receiving infrastructure upgrades and new equipment, and La Unión focusing on dredging and equipment acquisition. La Unión will also be the location of the proposed Bitcoin City, envisioned as a tax haven powered by geothermal energy for Bitcoin mining. Despite being announced in 2021, construction of Bitcoin City has yet to start.
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Canada could soon become one of the latest countries to introduce major restrictions on social media use by minors. Prime Minister Mark Carney's government is expected to introduce new online safety legislation this week that would ban children under 16 from accessing...
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A devastating fire at the Port of Manta has destroyed dozens of fishing boats, dealing a major blow to one of Ecuador’s most important fishing communities. The massive blaze erupted at the port in Manta, a key hub for Ecuador’s fishing and seafood export industry....
A devastating fire at the Port of Manta has destroyed dozens of fishing boats, dealing a major blow to one of Ecuador’s most important fishing communities. The massive blaze erupted at the port in...
Nike is once again celebrating Puerto Rican culture with a special sneaker release just in time for Puerto Rican Day festivities. The sportswear giant has unveiled a new Puerto Rico-inspired...
Colombia is headed for a high-stakes presidential runoff after no candidate secured an outright majority in Sunday's election. With nearly all votes counted, conservative outsider Abelardo...
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