✉news BusinessEconomy first seen 20 h ago, last 16 h ago, peak #27
Panama quake triggers red alert, billions in losses feared
Original: Panama's 7.7 quake triggers Red Alert — Canal safe, but up to $9.7B in losses looms
A magnitude 7.7 earthquake off Panama has prompted authorities to declare a Red Alert as the country assesses the damage. Officials say the Panama Canal remains safe and operational, but early estimates point to potential economic losses of up to $9.7 billion. The quake, one of the strongest to hit the region in years, has raised concerns about infrastructure and the country's key shipping revenues.
Why now: The scale of the quake and the projected multi-billion-dollar losses matter because the Panama Canal is critical to global trade.
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