Nicaragua

Nicaragua Grants Chinese Tycoon Rights To $40 Billion Canal Project

The CEO of the HK Nicaragua Canal Development Investment Company, Wang Jing, already managed to secure his telecommunications company a $300 million contract with Nicaragua in 2012. After the canal is done being built, a 49 percent stake of it will go to investors, with the other 51 percent going to the state.

Appeals process begins for American imprisoned in Nicaragua

A U.S. citizen serving a 22-year prison sentence in Nicaragua for drug trafficking and money laundering, who a United Nations group has said was wrongly convicted, appeared in court on Thursday for the start of a long-awaited appeals proceeding.

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