On June 26th the newly expanded Panama Canal finally opens for business. The canal was successfully tested on Thursday. The expansion was orginally planned to cost 5.2 billion dollars, but ended up going about 60 percent over budget
Bolivian President Evo Morales visited Switzerland to sign an agreement to construct a railway line across the continent from the Atlantic to the Pacific. Supporters say the project will boost trade and create jobs.
Panama has broken links with Taiwan and established formal relations with China. The communist state is the second-biggest client of the Panama Canal.
Chile's investigations police have declassified a trove of files shedding light on the activities of Nazi agents in the South American country during World War II. One spy ring had plotted to destroy the Panama Canal.
The crisis surrounding the Panama Papers has severely damaged the reputation of the Central American country. Now, the ceremony for the expansion of the Panama Canal is aiming to finally put that crisis to rest.
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