Financial Assets, Punta Pacífica, Edificio Torre de las Américas, Panama City (2024)

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Punta Pacífica, Edificio Torre De Las Américas

30/01/2024

An inquest is investigating the tragic crash of a Jabiru aircraft in Victoria's high country, which resulted in the death of recreational pilot Matthew Farrell. Witnesses testified about poor weather conditions, including heavy rain and strong winds, at the time of the incident. Concerns were raised about the sufficiency of Farrell's pilot training, particularly the accelerated conversion course from paragliding to powered aircraft. His fiancée questioned whether this provided adequate preparation and called for a reassessment of the training program. The inquest continues to examine factors that may have contributed to the crash, including weather conditions, pilot training, and decision-making.

An inquest is investigating the tragic crash of a Jabiru aircraft in Victoria's high country, which resulted in the death of recreational pilot Matthew Farrell. Witnesses testified about poor weather conditions, including heavy rain and strong winds, at the time of the incident. Concerns were raised...

30/01/2024

A court in Queensland has ordered a fresh investigation into the cause of an explosion at the Callide Power Station and a separate cooling tower collapse, which resulted in widespread blackouts and left almost half a million people without power. The investigation will be conducted by special administrators appointed by the court. The Queensland government-owned CS Energy had previously engaged an independent investigator, but the report has not been released nearly three years after the incident. Both the C3 and C4 units at the power station remain offline, and their return to service has been delayed.

A court in Queensland has ordered a fresh investigation into the cause of an explosion at the Callide Power Station and a separate cooling tower collapse, which resulted in widespread blackouts and left almost half a million people without power. The investigation will be conducted by special admini...

30/01/2024

Fiji's Prime Minister Sitiveni Rabuka is facing a political crisis as a s*x scandal involving two of his ministers has been making headlines and threatening his hold on power. The scandal, which includes leaked text messages and intimate photos, has dominated public discourse and raised concerns about the stability of Rabuka's coalition government.

Fiji's Prime Minister Sitiveni Rabuka is facing a political crisis as a s*x scandal involving two of his ministers has been making headlines and threatening his hold on power. The scandal, which includes leaked text messages and intimate photos, has dominated public discourse and raised concerns abo...

30/01/2024

A 350-kilometre stretch of the National Highway in the Northern Territory is closed due to record-breaking floods in the Victoria River district. The closure is expected to continue for several days, and there has been significant damage to the highway. Road maintenance crews are on standby to start repair work once the area is accessible. Additionally, the community of Timber Creek remains isolated, and the Darwin-to-Adelaide rail line has recently reopened.

A 350-kilometre stretch of the National Highway in the Northern Territory is closed due to record-breaking floods in the Victoria River district. The closure is expected to continue for several days, and there has been significant damage to the highway. Road maintenance crews are on standby to start...

30/01/2024

Saving for retirement requires discipline and planning. The Australian superannuation system assists through tax incentives, compulsion, and limited access.

30/01/2024

Australians eager to travel after lockdowns have been experiencing flight delays due to a shortage of air traffic control staff. The aviation industry blames Airservices Australia, the government-owned organization responsible for air traffic control, for the disruptions. Airservices Australia says it is managing the workload on remaining staff and is recruiting new controllers, but the training process takes about a year. Calls for a review into Airservices Australia and its culture have been made, as a previous report found high levels of bullying and harassment among staff. The government is working to address the issue, but the opposition believes more needs to be done to prevent disruptions caused by flight cancellations and delays.

Australians eager to travel after lockdowns have been experiencing flight delays due to a shortage of air traffic control staff. The aviation industry blames Airservices Australia, the government-owned organization responsible for air traffic control, for the disruptions. Airservices Australia says....

30/01/2024

In the aftermath of the MH17 tragedy in Ukraine, Australian Prime Minister Tony Abbott considered sending a large military deployment to recover the remains of Australian victims and respond to the downing of the plane by Russia-backed separatists. However, former Defence Force chief Angus Houston, who was appointed as Australia's special envoy to Ukraine, advised against this, suggesting a police-led operation instead. Houston believed a large military deployment would be risky and provocative, given the presence of a large separatist force nearby. Abbott accepted Houston's advice, and a police-led operation was carried out. Despite criticism from some quarters, Abbott was widely praised for his leadership during the crisis.

In the aftermath of the MH17 tragedy in Ukraine, Australian Prime Minister Tony Abbott considered sending a large military deployment to recover the remains of Australian victims and respond to the downing of the plane by Russia-backed separatists. However, former Defence Force chief Angus Houston,....

30/01/2024

In response to escalating concerns about antisocial behavior in Kalgoorlie-Boulder, Western Australia, the state government and police have deployed additional law enforcement resources to the region. Operation Regional Shield, initially designed to tackle youth crime in the Kimberley, has been expanded into a $11.8-million statewide program enabling the rapid deployment of police resources. The deployment includes personnel from regional operations, investigations, and intelligence divisions, as well as resources from the police air wing. Additional resources will also be allocated to enforce the Banned Drinkers Register and combat the illegal sale of alcohol. While acknowledging the need to address underlying issues that often lead to crime, the focus is on addressing antisocial behavior and ensuring a strong police presence. The WA Police Force is committed to cultural appropriateness in its interactions with the community and recognizes the importance of collaboration with community groups.

In response to escalating concerns about antisocial behavior in Kalgoorlie-Boulder, Western Australia, the state government and police have deployed additional law enforcement resources to the region. Operation Regional Shield, initially designed to tackle youth crime in the Kimberley, has been expa...

30/01/2024

Production at the Greenbushes lithium mine in Western Australia is set to decrease due to a weak global lithium market, with revised output estimates ranging from 1.3 to 1.4 million tonnes. Despite this setback, the joint venture partners remain committed to driving value from the operation. However, the decline in lithium prices has led to a series of negative developments in WA's critical minerals sector, including job losses and halted expansion plans. Mining analyst Tim Treadgold expressed concern for smaller producers, emphasizing the oversupply of lithium and challenges faced by the electric vehicle industry. Current forecasts indicate a price recovery in two to three years, but significant investments in the lithium industry continue, suggesting long-term confidence in its future.

Production at the Greenbushes lithium mine in Western Australia is set to decrease due to a weak global lithium market, with revised output estimates ranging from 1.3 to 1.4 million tonnes. Despite this setback, the joint venture partners remain committed to driving value from the operation. However...

30/01/2024

The Australian government has broken its promise not to touch tax cuts due to take effect in July, leading to questions about whether it will also scrap the controversial negative gearing scheme. Negative gearing allows property investors to claim tax deductions for losses incurred on investment properties. The government has stated that it is not considering changing the stage 3 tax cuts, but has come up with alternative measures to address the housing crisis, such as tax breaks on build-to-rent developments. Housing coalition Everybody's Home estimates that scrapping negative gearing could fund half a million affordable homes. Greens leader Adam Bandt has criticized the government's stance on negative gearing, calling it "handouts to property moguls". The government will need the support of at least one of the Greens and the Coalition to legislate its changes to the tax cuts.

The Australian government has broken its promise not to touch tax cuts due to take effect in July, leading to questions about whether it will also scrap the controversial negative gearing scheme. Negative gearing allows property investors to claim tax deductions for losses incurred on investment pro...

30/01/2024

Sara Lee, a dessert manufacturer, is being sold after going into voluntary administration. FTI consulting, the company's voluntary administrator, has agreed to sell Sara Lee's businesses in Australia and New Zealand to a private company owned by Klark and Brooke Quinn. The Quinn family has previously been involved in the purchase of confectionary maker Darrell Lea and its turnaround. The sale has saved over 200 jobs, and the administrators are grateful for the support of the staff and consumers. The sale is expected to be finalized in the upcoming weeks.

Sara Lee, a dessert manufacturer, is being sold after going into voluntary administration. FTI consulting, the company's voluntary administrator, has agreed to sell Sara Lee's businesses in Australia and New Zealand to a private company owned by Klark and Brooke Quinn. The Quinn family has previousl...

30/01/2024

Homeowners looking to build, repair, or renovate properties in Queensland face a new wave of price increases for key products and tools. Building costs are expected to rise significantly, ranging from 4 to 12 percent for various materials. The industry also grapples with skilled labor shortages and supply chain issues, leading to delays in construction. Despite these challenges, demand for new homes remains strong in central Queensland and the Mackay area.

Homeowners looking to build, repair, or renovate properties in Queensland face a new wave of price increases for key products and tools. Building costs are expected to rise significantly, ranging from 4 to 12 percent for various materials. The industry also grapples with skilled labor shortages and....

30/01/2024

Elon Musk's empire faces challenges as investors grow concerned about his erratic behavior and Tesla's declining valuation. The shift in perception of Tesla from a futuristic technology leader to a traditional car manufacturer has caused a reassessment of its worth, while intense competition and shrinking margins further erode its position. Musk's involvement in controversies and conflicts has damaged his reputation, and his promotion of new ventures like xAI and Neuralink has raised doubts about his leadership. If Tesla's valuation continues to fall and his other ventures fail to succeed, Musk may face a reckoning that could potentially strip him of his title as CEO.

Elon Musk's empire faces challenges as investors grow concerned about his erratic behavior and Tesla's declining valuation. The shift in perception of Tesla from a futuristic technology leader to a traditional car manufacturer has caused a reassessment of its worth, while intense competition and shr...

30/01/2024

Australia's airline industry is experiencing a surge in flights, reaching pre-pandemic levels, but also facing an increase in delays. Air traffic control, managed by Airservices Australia, is a major contributor to the delays due to staff shortages. The organization has acknowledged the issue and is actively recruiting more staff, but the recruitment and training process is rigorous and lengthy. A 2020 report also revealed a culture of bullying and harassment within Airservices Australia, contributing to staff dissatisfaction. Transport Minister Catherine King acknowledges the staffing challenges and states that the government is actively working to address the issue. Airservices Australia CEO Jason Harfield remains optimistic about the organization's recovery but cannot provide a definite timeframe for when delays will end.

Australia's airline industry is experiencing a surge in flights, reaching pre-pandemic levels, but also facing an increase in delays. Air traffic control, managed by Airservices Australia, is a major contributor to the delays due to staff shortages. The organization has acknowledged the issue and is...

30/01/2024

Tshering Tobgay, leader of Bhutan's People's Democratic Party, embarked on his second term as prime minister, following elections earlier this month. The appointment was formalized by King Jigme Khesar Namgyel Wangchuck. Tobgay, Bhutan's fourth democratically elected prime minister, previously served from 2013 to 2018.

Tshering Tobgay, leader of Bhutan's People's Democratic Party, embarked on his second term as prime minister, following elections earlier this month. The appointment was formalized by King Jigme Khesar Namgyel Wangchuck. Tobgay, Bhutan's fourth democratically elected prime minister, previously serve...

30/01/2024

Japan's lunar explorer, Smart Lander for Investigating Moon (SLIM), has resumed its mission after successfully landing on the Moon earlier this month. The Japan Aerospace Exploration Agency (JAXA) reported that SLIM's solar panels have started generating power, allowing the probe to resume operations. SLIM's primary objective is to search for a mineral called olivine, originating from the Moon's mantle, to gain insights into the Moon's origins. The mission also aims to provide evidence for the "giant-impact hypothesis," which suggests that the Moon was formed by the Earth impacting another planet approximately 4.6 billion years ago. SLIM's landing marked a significant milestone for Japan, becoming the fifth country to achieve a lunar landing. Despite an initial setback with its solar panels, SLIM managed to capture images of the Moon's surface during its brief operation and is expected to continue operations for several days.

Japan's lunar explorer, Smart Lander for Investigating Moon (SLIM), has resumed its mission after successfully landing on the Moon earlier this month. The Japan Aerospace Exploration Agency (JAXA) reported that SLIM's solar panels have started generating power, allowing the probe to resume operation...

29/01/2024

Japanese retail giant Aeon is in exclusive talks with Oasis Management to acquire the Hong Kong-based activist investor's shares in drugstore chain Tsuruha Holdings. The deal, if successful, would increase Aeon's stake in Tsuruha and strengthen its position in the drugstore sector, which is a key growth driver for the firm. Aeon already holds significant stakes in other drugstore chains, including Welcia Holdings and Kusuri No Aoki Holdings. The acquisition is being pursued without Tsuruha's approval, although that is not required for the deal to proceed. Tsuruha declined to comment, while Oasis could not be reached for immediate comment.

Japanese retail giant Aeon is in exclusive talks with Oasis Management to acquire the Hong Kong-based activist investor's shares in drugstore chain Tsuruha Holdings. The deal, if successful, would increase Aeon's stake in Tsuruha and strengthen its position in the drugstore sector, which is a key gr...

29/01/2024

U.S. President Joe Biden has paused pending approvals of exports from new liquefied natural gas (LNG) projects, citing the need to assess their economic and environmental impacts. This move comes ahead of the Nov. 5 election and has drawn mixed reactions. Environmentalists welcomed the decision, while companies and countries reliant on U.S. gas expressed concerns. The pause will affect only four projects awaiting approval and will not directly impact the Venture Global's Calcasieu Pass 2 (CP2) project in Louisiana, which is currently under review by the Federal Energy Regulatory Commission. The administration emphasized the importance of supporting U.S. allies and ensuring energy security while addressing the climate crisis.

U.S. President Joe Biden has paused pending approvals of exports from new liquefied natural gas (LNG) projects, citing the need to assess their economic and environmental impacts. This move comes ahead of the Nov. 5 election and has drawn mixed reactions. Environmentalists welcomed the decision, whi...

29/01/2024

U.N. officials have appealed to countries to reconsider the pause in funding for the U.N. agency for Palestinians (UNRWA) following allegations of Hamas involvement in an attack on Israel. The funding suspension has raised concerns about the well-being of approximately 2 million people in Gaza, with experts warning of potential famine and severe hunger. UNRWA provides essential aid and services to Palestinian refugees in Gaza and other regions, and its continued operation is crucial for preventing a humanitarian crisis. Despite criticism from Israel, some countries, like Norway and Ireland, have pledged to maintain their support for the agency, recognizing its vital role in alleviating human suffering.

U.N. officials have appealed to countries to reconsider the pause in funding for the U.N. agency for Palestinians (UNRWA) following allegations of Hamas involvement in an attack on Israel. The funding suspension has raised concerns about the well-being of approximately 2 million people in Gaza, with...

29/01/2024

North Korea conducted another test of its new strategic cruise missiles, with leader Kim Jong Un supervising the test. The missiles, named Pulhwasal-3-31, were launched from a submarine and flew for over two hours before hitting an island target.

29/01/2024

U.S. Defense Secretary Lloyd Austin has promised to take necessary actions to protect American forces following a drone attack by Iran-backed militants that resulted in the death of three U.S. service members and injuries to many others. The attack in Jordan marks a significant escalation in the ongoing tensions in the Middle East. The U.S. is currently investigating the circumstances that led to the attack and is considering potential responses.

U.S. Defense Secretary Lloyd Austin has promised to take necessary actions to protect American forces following a drone attack by Iran-backed militants that resulted in the death of three U.S. service members and injuries to many others. The attack in Jordan marks a significant escalation in the ong...

29/01/2024

The United States and China will hold their first joint meeting on fentanyl precursor chemicals in Beijing, as part of their efforts to combat the flow of fentanyl from China to the United States. This comes amid ongoing tensions and candid talks between the two countries in efforts to lower tensions.

The United States and China will hold their first joint meeting on fentanyl precursor chemicals in Beijing, as part of their efforts to combat the flow of fentanyl from China to the United States. This comes amid ongoing tensions and candid talks between the two countries in efforts to lower tension...

29/01/2024

A poll conducted by Asahi Shimbun revealed that 72% of voters in Japan do not believe that dissolving factions within the ruling Liberal Democratic Party (LDP) will restore public trust in politics. The Cabinet approval rating for Prime Minister Fumio Kishida remained low at 23%, while the disapproval rating stood at 66%.

A poll conducted by Asahi Shimbun revealed that 72% of voters in Japan do not believe that dissolving factions within the ruling Liberal Democratic Party (LDP) will restore public trust in politics. The Cabinet approval rating for Prime Minister Fumio Kishida remained low at 23%, while the disapprov...

29/01/2024

U.S. President Joe Biden will host Japanese Prime Minister Fumio Kishida for a state visit on April 10, 2023. The visit aims to reinforce the critical alliance between the two nations, particularly in light of China's growing influence in the Indo-Pacific region. During their meeting, Biden and Kishida are expected to discuss various regional issues in Asia, including ways to improve cooperation with South Korea. The visit also coincides with the U.S. government's review of Nippon Steel's proposed acquisition of U.S. Steel. The leaders are anticipated to engage in robust discussions aimed at deepening bilateral cooperation and bolstering alliance capabilities across the board.

U.S. President Joe Biden will host Japanese Prime Minister Fumio Kishida for a state visit on April 10, 2023. The visit aims to reinforce the critical alliance between the two nations, particularly in light of China's growing influence in the Indo-Pacific region. During their meeting, Biden and Kish...

29/01/2024

Japanese shares soared on Monday, fueled by AI-related hype and positive earnings outlook from chipmakers. The Nikkei index hit a 34-year peak, extending gains for January to almost 9%. Central bank meetings will be in focus this week, with the Bank of Japan, European Central Bank, and others set to make policy decisions. Data releases on U.S. economic growth and inflation will also be closely watched. In the oil market, concerns about global demand have balanced out supply-related tensions, resulting in a slight decline in oil prices.

Japanese shares soared on Monday, fueled by AI-related hype and positive earnings outlook from chipmakers. The Nikkei index hit a 34-year peak, extending gains for January to almost 9%. Central bank meetings will be in focus this week, with the Bank of Japan, European Central Bank, and others set to...

29/01/2024

Yoshimasa Hayashi, Japan's newly appointed Chief Cabinet Secretary, faced criticism for planning to hold New Year parties to celebrate his promotion. The timing of the parties was deemed inappropriate given the ongoing money and politics scandal involving the ruling Liberal Democratic Party's Abe faction. Hayashi's office clarified that the parties were not "political fundraising parties" but the decision to cancel them was made to mitigate damage from the controversy. Prime Minister Fumio Kishida instructed the party to refrain from holding faction parties until trust is restored, but he did not issue specific instructions regarding other parties held by individual members.

Yoshimasa Hayashi, Japan's newly appointed Chief Cabinet Secretary, faced criticism for planning to hold New Year parties to celebrate his promotion. The timing of the parties was deemed inappropriate given the ongoing money and politics scandal involving the ruling Liberal Democratic Party's Abe fa...

29/01/2024

Hayashi Telempu Corp., a leading manufacturer of automotive soundproofing materials, has developed an acoustic simulator that reproduces the interior noise of a running vehicle. This simulator predicts how changes in soundproofing materials affect the sounds, eliminating the need for physical prototypes and shortening the development period for new soundproofing materials. The simulator focuses on the noise of electric vehicles (EVs), aiming to contain road noise, wind noise, and high-pitched motor noise. Hayashi Telempu believes that complete silence is unpleasant and strives to adjust which parts of noise should be suppressed and which should be allowed to go for a pleasant driving experience. The company has a long history in the automotive industry and posted consolidated revenue of 238.2 billion yen in the year that ended in December 2022.

Hayashi Telempu Corp., a leading manufacturer of automotive soundproofing materials, has developed an acoustic simulator that reproduces the interior noise of a running vehicle. This simulator predicts how changes in soundproofing materials affect the sounds, eliminating the need for physical protot...