A Lawsuit From Backers of a ‘Startup City’ Could Bankrupt Honduras

Quick Summary:

The country faces a wave of claims after it repealed a law allowing for special economic zones.

Chief among them is an American company looking to build a semi-autonomous "startup city” called Próspera.

Instead, the State Department has issued statements warning that the Castro administration’s policies could discourage foreign investment, comments many read as supportive of Honduras Próspera.“If they somehow make us pay all the money that they’re talking right now, then they’re going to break a state.Nicholas C.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Nicholas Kusnetz, Katie Surma

Category: TechnologyEconomy

Markets: United StatesChinaCubaDominicaDominican RepublicHondurasKuwaitNicaraguaVenezuela

Topics: Science Science / Environment

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-28 @ 11:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 5766 words

Reading Time: 33 minutes read

Sentences: 209 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Wired

News ID: 22759801

View Article Analysis

About Wired

Main Topics: TechnologyEconomy

Official Website: wired.com

Update Frequency: 8 posts per day

Year Established: 1993

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #111

Publisher Details

Frequently Asked Questions