The Panama Canal, a critical waterway for global trade, is experiencing a severe drought due to the El Nino phenomenon, costing Panama millions of dollars. This drought has led to a significant drop in water in the Gatun Lake; the water source that powers the canal lock system and a water source for residents in Panama City and Colon.
On Oct. 25, Hurricane Otis struck the city of Acapulco on the Pacific coast of Mexico, leaving the country with landslides, flooding, and devastation, becoming the second-strongest storm in Mexico's history.
On Friday October 4, 2024, the European Union (EU) finished voting on the proposed tariffs on Chinese electric vehicles (EVs). While countries like Hungary and Germany vocally disagreed to this proposition, a majority of EU countries had already voted in favor of the tariffs. The tariffs are only the beginning of a potential long-lasting economic cold war between China and the West.
