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China ends import ban on Australian timber
China ends import ban on Australian timber
Business and Economy
by  AFP

China has lifted an import ban on Australian timber, Beijing's ambassador said Thursday, hailing warming ties between the two countries. Timber was among a slew of Australian commodities hit with import bans and restrictions as diplomatic relations between Beijing and Canberra soured during the height of the pandemic.

Deutsche Bank to pay $75 mn in Epstein victim settlement: report
Deutsche Bank to pay $75 mn in Epstein victim settlement: report
Business and Economy
by  AFP

Deutsche Bank will pay $75 million to settle litigation alleging the German lender financially benefited from supporting Jeffrey Epstein's sex trafficking scheme, according to a report Wednesday. Deutsche Bank in July 2020 agreed to pay $150 million to settle allegations brought by the New York Department of Financial Services for compliance failures connected to the bank's work for Epstein.