A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control after President Donald Trump alleged Chinese interference with the operatio
  • cyd@lemmy.worldEnglish
    20·
    2 days ago

    Alternative take: Li Ka Shing took advantage of the Trump bullshit to sell off two port operations at the top of the market, right before a global recession. CK Hutchinson’s share price went up by a fifth when this deal got announced; Blackrock is down.

    • SlopppyEngineer@lemmy.worldEnglish
      8·
      1 day ago

      And just before Panama has to cease operation because climate change is drying things up there and soon it’s choosing between having drinking water or operating the locks on the canal.