Self-driving trucking company TuSimple Holdings said on Monday that it is winding down its U.S. business, reducing its workforce to about 30 people as it looks for a buyer for its assets that remain in the country, the Wall Street Journal reported. The demise of TuSimple’s U.S. operations marks a precipitous fall for the one-time leader in autonomous long-haul trucking. The San Diego-based company in the past year has had to grapple with safety concerns as well as government scrutiny of its dealings with a Chinese trucking startup.

A trust administrated by the Mexican government has bought back around $480 million in bonds issued to finance a partially built Mexico City airport that was later canceled, the trust's operator said late Wednesday, Reuters reported. Investors holding notes with maturities from 2026 to 2047 participated in the buyback, the Grupo Aeroportuario de la Ciudad de Mexico said, trimming the overall outstanding indebtedness to around $3.7 billion. The trust in late November had sweetened the tender offer, extending early bid premiums through the end of the buyback.

The Bank of Canada (BoC) on Wednesday held its key overnight rate at 5% and left the door open to another hike, saying it was still concerned about inflation while acknowledging an economic slowdown and a general easing of prices, Reuters reported. The central bank raised rates by a quarter point in both June and July to a 22-year high and has left them on hold in the three policy-setting meetings since. Inflation slowed to 3.1% in October, down from a peak of more than 8% last year, but it has remained above the bank's 2% target for 31 months.

The co-founder of Hong Kong-registered virtual currency exchange Bitzlato, a Russian national who U.S. authorities accuse of processing about $700 million in illicit funds, is expected to enter a guilty plea in a U.S. court on Wednesday, Reuters reported. Federal court records in Brooklyn showed Anatoly Legkodymov, Bitzlato's majority owner and co-founder, was set to appear before U.S. District Judge Eric Vitaliano at 2:30 p.m. EST (1930 GMT) for a "criminal cause for pleading," which usually indicates a defendant will plead guilty. Legkodymov, who U.S.

Canada’s Groupe Mach Inc. is acquiring residential properties with close to 2,000 units as part of a deal that will see it take over $415 million of mortgages from a crumbling real estate entity, Bloomberg News reported. The buildings were part of Groupe Huot, a Quebec-based diversified company that faced a liquidity crisis because of rising interest rates this year and saw a number of its businesses placed into a bankruptcy process.

The Panama Canal, the century-old engineering marvel that revolutionized global trade, is being squeezed shut by drought and forcing shippers worldwide to face a painful choice, Bloomberg News reported. They can wait in line for days or weeks, as low water levels limit the number of ships passing through the 50-mile waterway, carrying cars, consumer goods, fruit and fuel. They can pay millions of dollars to jump ahead in the queue, if a ship with a booked reservation drops out.

Norway's $1.5 trillion sovereign wealth fund, the world's largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to the now-bankrupt Silicon Valley Bank (SVB), Reuters reported. SVB's collapse in March was the trigger for the worst banking shock since the 2008 global financial crisis, sending bank stocks globally on a wild ride.

A Chilean wind farm operator backed by Latin American Power has filed for bankruptcy in the U.S. with a restructuring deal that would provide financial relief from a debt default due to increased competition and severe drought, WSJ Pro Bankruptcy reported. Santiago-based Inversiones Latin America Power filed for chapter 11 Thursday in the U.S. Bankruptcy Court in Manhattan, with more than $400 million of debt.

Kinepolis Group NV, one of the largest theater operators in Europe, recently considered making a bid for Cineplex Inc., the No. 1 chain in Canada, but chose not to proceed after concluding a deal would struggle to win regulatory approval, Bloomberg News reported. Kinepolis may still pursue a deal if it can partner with another bidder to acquire some of Cineplex’s theaters.

Canada’s economy unexpectedly contracted in the third quarter and consumption flatlined, confirming the central bank’s aggressive interest-rate hikes have slammed the brakes on growth, Bloomberg News reported. Even as preliminary data from Statistics Canada suggest gross domestic product rose 0.2% in October, after a better-than-expected 0.1% expansion the month before, Thursday’s report points to an economy that has substantially weakened. Third-quarter GDP fell at a 1.1% annualized pace, missing the 0.1% rise expected by economists and the Bank of Canada’s forecast of 0.8%.