from Your News:
Deal marks major shift in global infrastructure control amid Trump’s push to curb China’s reach.
By yourNEWS Media Newsroom
BlackRock Inc. has acquired a controlling stake in key ports near the Panama Canal, effectively removing Chinese-linked influence over one of the world’s most critical shipping routes. The $23 billion transaction, which includes $5 billion in debt, transfers control from Hong Kong-based CK Hutchison Holdings to a U.S.-led consortium spearheaded by BlackRock, according to AP.