CK Hutchison, a Hong Kong-based conglomerate, has agreed to sell its controlling stake in two Panama Canal ports to a consortium led by U.S. investment firm BlackRock Inc., amid concerns from the Trump administration about Chinese influence. The Panama Canal remains under Panama's control, and the government has clarified that previous operations by the Hong Kong group did not equate to Chinese control over the waterway. This sale is seen as a strategic move to address national security concerns and ensure the canal's neutrality and efficient operation in global trade.
Posts tagged as “BlackRock”
On Thursday, protesters in Paris took their fight against France's plan to raise the retirement age to BlackRock, the world's largest money manager. Approximately 100 people, including representatives of several labor unions, stormed the Centorial office block near the Opéra Garnier opera house, chanting anti-reform slogans and holding red flares and smoke bombs. The protesters were voicing their opposition to the government's pension reforms, which would raise the retirement age and delay pension payments. The protests against the reforms have been ongoing for weeks, and it appears the protesters are determined to make their voices heard.