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SYDNEY, Oct 14 (Reuters) – Only 28% of participants in the air cargo industry feel they are well prepared to distribute a COVID-19 vaccine once available, according to a survey released on Wednesday, as the industry begins to gear up for a major logistical challenge.

Ground handlers and airports feel less prepared than freight forwarders and airlines, according to the survey conducted by The International Air Cargo Association (TIACA) and Pharma.Aero which found 36% of participants planned to invest in additional physical or digital infrastructure.

TIACA Vice Chairman Sanjeev Gadhia, who heads Nairobi-based air cargo operator Astral Aviation, said the global distribution of the COVID-19 vaccine would be the toughest logistical challenge ever faced, with an estimated 10 billion doses requiring distribution in 2021 and 2022.

More than 40 vaccine candidates are already undergoing clinical trials, according to the World Health Organization.

“We know that as from November the first

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BRUSSELS (Reuters) – French luxury goods group LVMH

is set to gain EU antitrust approval for its acquisition of U.S. jeweller Tiffany

, people familiar with the matter said.

The EU decision comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal.

Tiffany has alleged that LVMH has improperly tried to renegotiate the deal, which was agreed in November last year before the COVID-19 pandemic emerged and hit countries and companies worldwide.

LVMH has countersued Tiffany, alleging that the U.S. company has been mismanaged during the COVID-19 pandemic.

The European Commission, which is scheduled to decide on the deal by Oct. 26, declined to comment. LVMH and Tiffany did not immediately respond to a request for comment.

The two companies had several overlaps in some

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LONDON (Reuters) – The European Union will have a “Plan B” that relocates clearing of euro-denominated derivatives from London to the bloc if it decides against long-term access for Britain, a top EU regulator said on Wednesday.

The London Stock Exchange’s

LCH unit has been given EU permission, known as equivalence, to continue clearing derivatives for customers in the bloc for 18 months after Dec. 31, when Britain’s Brexit transition arrangements expire. ICE

and the London Metal Exchange has similar permission.

LCH clears the vast majority of euro-denominated swaps, an activity core to London’s role as a global financial centre and which EU has long wanted to be in the bloc.

Long-term EU access for UK clearers would partly hinge on good relations between its regulator, the European Securites and Markets Authority (ESMA), and the Bank of England, the home regulator for LCH.

“Equivalence assumes good cooperation and we work

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ROUND ROCK, Texas, October 13, 2020 (LifeSiteNews) — The founder of an organization dedicated to getting abortion facility staffers out of the business has publicly advocated for Amy Coney Barrett’s confirmation to the Supreme Court.

“On behalf of the more than 550 abortion clinic workers we have helped quit the abortion industry,” Abby Johnson wrote in a letter to the U.S. Senate Judiciary Committee, “we urge you to support the confirmation of Judge Amy Coney Barrett to the United States Supreme Court.” Johnson is the founder and chief executive officer of And Then There Were None, “a registered nonprofit organization that exists to help abortion clinic workers leave the abortion industry,” according the group’s website. She spent many years working for Planned Parenthood, the United States’ largest abortion chain, and resigned in 2009 after using an ultrasound machine to assist at the abortion of 13-week-old baby.

Like many Democratic senators,

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owasso chamber

Brady Deaton, business developer at Paul David Restoration in Tulsa (left), and McKenzie Dildy, director of development for Arubah Community Clinic in Collinsville, met at the Owasso Chamber of Commerce’s Business Over Breakfast Tuesday morning. ART HADDAWAY/Owasso Reporter


Brady Deaton and McKenzie Dildy may live in different parts of Tulsa County, but they have Owasso to thank for their newfound friendship.

Deaton, business developer at Paul David Restoration in Tulsa, and Dildy, director of development for Arubah Community Clinic in Collinsville, met at the Owasso Chamber of Commerce’s Business Over Breakfast Tuesday morning.

The two were among over a dozen local business leaders to convene at Prosperity Bank off of 96th Street as part of the bimonthly event, with Tuesday serving as the Chamber’s first gathering since March due to COVID-19.

It was also Deaton’s and Dildy’s first time attending a Business Over Breakfast in Owasso, which gave them an

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BERLIN (Reuters) – German prosecutors said on Tuesday they were dropping a money-laundering investigation against managers at Deutsche Bank

, over its relations with Danske Bank’s

Estonian subsidiary, citing a lack of evidence.

The economic crimes unit at the Frankfurt Prosecutor’s Office also fined Deutsche Bank 13.5 million euros ($15.9 million) for being slow to report suspected money laundering in more than 600 cases.

The case related to a whistleblower’s claims that Danske had handled 200 billion euros in suspicious payments from Russia and other ex-Soviet republics between 2007 and 2015 – the bulk of which were processed by Deutsche Bank.

Deutsche Bank, which broke off its relationship with Danske in 2015, has consistently denied wrongdoing.

“With the end to proceedings, it is clear that there were no criminal lapses on the part of Deutsche Bank or its staff,” board member Stefan Simon said in a statement.

The fine relates

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BRUSSELS (Reuters) – The world’s financial leaders will say on Wednesday that the outlook for the pandemic-ravaged global economy is less negative as steps already taken are paying off, and will vow to do more if needed to support the recovery, their draft statement said.

Finance ministers and central bankers from the world’s 20 biggest economies will hold virtual meeting on Wednesday to discuss the main global economic challenges as the COVID-19 pandemic will cause a global economic contraction this year.

“The outlook is less negative with global economic activity showing signs of recovery as our economies have been gradually reopening and the positive impacts of our significant policy actions started to materialize,” the G20 financial leaders’ draft statement, seen by Reuters, said.

“We will sustain and strengthen as necessary our policy response, considering the different stages of the crisis, to secure a stable and sustainable recovery,” it said.

The

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By David Lawder and Jan Strupczewski

WASHINGTON/BRUSSELS (Reuters) – Global finance leaders on Tuesday said the world economy had escaped a coronavirus-triggered collapse so far, but warned that failure to conquer the pandemic, maintain stimulus and tackle mounting debt among poor nations could crush a fragile recovery.

At the start of the annual meetings of the International Monetary Fund and World Bank, the IMF issued slightly improved growth forecasts spurred by unexpectedly stronger rebounds from coronavirus lockdowns in the wealthiest countries and China.

The IMF said it now expected global gross domestic product to shrink 4.4% in 2020, compared to the 5.2% contraction it predicted in June, when business closures were at their peak. Some $12 trillion in stimulus supplied largely by advanced economies limited the damage, but poor countries and other emerging market economies faced a worsening picture, the global lender said.

“The story is less dire than we

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WASHINGTON (Reuters) – Nissan Motor Co’s U.S. lending arm agreed on Tuesday to pay a $4 million U.S. fine to settle a government agency’s allegation that it improperly repossessed hundreds of consumers’ vehicles.

The Consumer Financial Protection Bureau (CFPB) said that between 2013 and 2019, Nissan Motor Acceptance Corp (NMAC), a subsidiary of the Japanese automaker’s North American unit, “wrongfully repossessed hundreds of consumers’ vehicles despite the consumer having made payments” or taken other actions. Nissan must pay up to $1 million to consumers subject to a wrongful repossession.

NMAC said it denied wrongdoing but agreed to settle and takes the agency’s “assertions seriously and share their commitment to fair practices for all our customers.”

NMAC repossessed vehicles from consumers who made payments that decreased delinquency to less than 60 days past due or took other steps that should have prevented repossessions, the bureau said, adding NMAC told consumers it

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