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OMAHA, Neb. (AP) — A day after being spurned by Kansas Metropolis Southern, Canadian Nationwide railroad is going through further strain from a serious investor who needs CN to desert its effort to purchase the U.S. railroad.

The London-based funding agency TCI Fund — which owns about 5% of CN’s inventory and about 8% of rival Canadian Pacific’s shares — stated Monday that it’s calling for a particular CN shareholder assembly the place it plans to appoint 4 new administrators. TCI has stated it thinks CN ought to overhaul its board, get a brand new CEO and refocus its efforts

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Australian Treasurer Josh Frydenberg on Monday claimed the Chinese government has failed to seriously impact the country’s economy through a series of punitive measures on exports. The trade dispute has escalated since April 2020, when Prime Minister Scott Morrison called for an international inquiry into the origins of Covid-19.

“I am not downplaying the impact of China’s actions. They have hurt specific industries and regions, significantly in some cases. Nevertheless, the overall impact on our economy has, to date, been relatively modest,” Frydenberg said at the Australian National University. “This is perhaps surprising to many.”

While trade between China and … Read More