The widening of the Panama Canal is nearing completion, and could be ready to allow bigger ships to pass through next year. But a European consortium constructing the new locks says it wants more money to finish the job.
They've been called "the Panama Papers." That's because Mossack Fonseca, the financial firm that helped thousands of clients avoid taxes and launder money is based in Panama. So what makes Panama the perfect spot for firms like these to operate?
A river runs through the Geo Quiz: The Central American river on our radar today has been a busy waterway for the past five centuries. Pirates and traders famously plied these waters including the famed Captain Henry Morgan.
A century ago, the building of the Panama Canal and construction of Lake Gatun was met with great fanfare. It captured the attention of the world, showing that the seemingly impossible was indeed possible.
In 1964, riots that started in the US-controlled Panama Canal zone led to the deaths of 22 students and, ultimately, to negotiations that put the Panama Canal under joint US-Panamanian control and gave Panama full control by 1999.