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Covid-19: Mexico keeps migrant workers home

Bloomberg Mexico plans to keep migrant workers from travelling to Canada amid a wave of coronavirus outbreaks on farms, threatening a labour squeeze in the northern nation’s fruit and vegetable industry as harvests start to ramp up. There will be a “temporary pause” on migrant workers travelling to Canada while protocols and sanitary situations are reviewed, Daniel Millan, a spokesman ...

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German cabinet okays $70b in debt to combat recession

Bloomberg Chancellor Angela Merkel’s cabinet signed off on plans to raise another 62.5 billion euros ($70 billion) in debt to finance the country’s largest stimulus program in recent history. The proposal has yet to be approved by parliament and would increase net borrowing to 218 billion euros this year. In March the Bundestag, or lower house, had already authorised a ...

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European car sales show first signs of recovery

Bloomberg European car sales showed first signs of a tepid recovery in May as showrooms reopened after a two-month shutdown because of the coronavirus. New auto registrations across the region fell 57% year-over-year, the European Automobile Manufacturers Association said. While that’s the worst May since the group started tracking the data in 1990, it’s an improvement over the 78% plunge ...

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