US and China vie for control of Panama Canal ports, Swiss firms involved

The Panama Supreme Court revoked a concession held by Hong Kong's CK Hutchison for ports at the Panama Canal. This move aligns with the Trump administration's efforts to counter Chinese influence. Danish firm Maersk will temporarily manage the ports, a development welcomed by the White House. The situation is part of a complex geopolitical strategy involving major corporations. The dispute highlights a strategic battle between China and the US over the vital trade route, with Swiss companies also involved in the background.