MEXICO CITY (Reuters) – Mexico’s economy last year suffered its biggest annual contraction since the 1930s, although it recovered better than expected from the ravages of the COVID-19 pandemic during the final quarter, preliminary data showed on Friday.Workers are seen in a building undergoing construction at Mexico City, Mexico January 30, 2020. REUTERS/Andres Martinez CasaresGross […]
By Allison Lampert and Anna Mehler Paperny MONTREAL/TORONTO (Reuters) – A Canadian union is taking the unusual step of pursuing contempt of court charges against Canada’s second-largest railroad, in a previously unreported case that escalates the debate over working hours for railroad employees, according to two sources and legal documents. The Teamsters union argued in […]
By Rong Ma, Cheng Leng and Ryan Woo BEIJING (Reuters) – China’s troubled Baoshang Bank will be taken over by local governments and a group of state firms, a central bank official with direct knowledge of the matter said, as Beijing looks to shore up some of the country’s weakest lenders. Financial regulators took control […]
