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Domtar CEO John Williams contracts COVID-19, takes medical leave of absence

Domtar CEO John Williams contracts COVID-19, takes medical leave of absence

FORT MILL, S.C. — Domtar Corp. says president and chief executive John Williams has contracted COVID-19 and will take a temporary medical leave of absence.
Package-free stores: How the zero-waste lifestyle movement is boosting a retail trend

Package-free stores: How the zero-waste lifestyle movement is boosting a retail trend

HALIFAX — Customers at The Tare Shop in Halifax are creative with their containers: Some use classic jars but others reuse yogurt containers, pots and pans or even empty glass liquor bottles.
Michigan approves Great Lakes oil pipeline tunnel permits

Michigan approves Great Lakes oil pipeline tunnel permits

TRAVERSE CITY, Mich. — Michigan's environmental agency said Friday it has approved construction of an underground tunnel to house a replacement for a controversial oil pipeline in a channel linking two of the Great Lakes.
Preliminary GDP data suggests 2020 was worst year on record

Preliminary GDP data suggests 2020 was worst year on record

OTTAWA — Canada's economy appears to have suffered its worst year on record as the national statistics agency's preliminary estimate showed a contraction of 5.1 per cent in 2020.
China finance official executed in bribery case

China finance official executed in bribery case

BEIJING — The former head of a Chinese state-owned asset management company was executed Friday on charges of taking bribes in an unusually severe penalty for a recent corruption case. Lai Xiaomin of China Huarong Asset Management Co.
Caterpillar 4Q sales slip, but results top Wall Street

Caterpillar 4Q sales slip, but results top Wall Street

Caterpillar’s fourth-quarter sales dropped 15% as an unchecked pandemic continued to sap demand for big machinery, but the damage was not as bad as most had expected. Sales were $11.24 billion, down significantly from last year's $13.

Report: Mexican economy shrinks 8.5% in 2020

MEXICO CITY — Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction. Mexico’s gross domestic product grew 3.
German financial oversight head out after Wirecard scandal

German financial oversight head out after Wirecard scandal

BERLIN — The head of Germany's financial supervisory authority will leave the job as the agency is reorganized in the aftermath of the accounting scandal at payment systems provider Wirecard, the finance ministry said Friday.
Bombardier says net proceeds from deal with Alstom lower due to market conditions

Bombardier says net proceeds from deal with Alstom lower due to market conditions

MONTREAL — Bombardier Inc. reported lower-than-expected net proceeds from the sale of its rail business to Alstom, attributing the decline to the division's lower cash generation in the fourth quarter.
US contract signings to buy homes hits record for December

US contract signings to buy homes hits record for December

SILVER SPRING, Md. — The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was still a record high for December. The National Association of Realtors' index of pending home sales dipped 0.