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The International Air Transport Association says the virus outbreak that began in China could cost airlines as much as 3 billion in lost revenue due to the collapse of air travel. Representatives of the airline industry group said Thursday after a working meeting in Singapore that the industry urgently needs help from governments in waiving some requirements and fees to alleviate the burden on struggling carriers. An earlier estimate just two weeks ago put the potential cost of the downturn in travel at less than billion. The group¡¯s estimate reflects a scenario involving a 19% loss in revenues with extensive spread of the virus in markets that now have 10 or more confirmed cases. That reflects countries accounting for 80% of airline revenues. The biggest losses would be in the Asia-Pacific region, including China, which has by far the most cases of the virus. ¡°This is a very serious cash flow shock,¡± said Brian Pearce, the IATA¡¯s chief economist. ¡°We are seeing this serious decline in bookings and revenues outside the Asia-Pacific now that it (the virus) has spread more widely.¡±The IATA officials said the consensus of experts was that air travel remains relatively safe and that there are no known cases of passengers spreading the virus while on aircraft. 1294

The family that owns well-known consumer brands like Krispy Kreme doughnuts, Keurig Dr. Pepper and Panera Bread say their Nazi ancestors used slave labor during World War II.The Reimann family, which owns the controlling stake in JAB Holdings and is reportedly one of the richest families in Germany, will donate €10 million, or million, to a yet-undisclosed charity after a three-year investigation that it commissioned discovered details of their ancestors' behavior.A family spokesperson said Albert Reimann Sr., who died in 1954, and Albert Reimann Jr., who died in 1984, used Russian civilian prisoners and French prisoners of war as forced labor in their factories during the war, and that they were anti-Semites and avowed supporters of Adolf Hitler.The investigation also found that Reimann Sr. donated to Hitler's paramilitary SS force as early as 1931.Investigators also found a letter from Reimann Jr. to a local mayor complaining that the French prisoners of war weren't working hard enough and should be in prison."Reimann Senior and Reimann Junior were guilty. The two businessmen have passed away, but they actually belonged in prison," said Peter Haft, the chairman and one of the managing partners of JAB Holdings, in an interview with German publication Bild. "We were ashamed and white as sheets. There is nothing to gloss over. These crimes are disgusting." A family spokesperson confirmed the quote to CNN Business.The family expects to publish a book next year that will detail the ties.JAB Holdings, which is based in Luxembourg, also owns Peet's Coffee, Pret A Manger, Einstein's Bagels and Coty.The company acquired most of its best-known brands within the last several years. It took a stake in Coty in the early 1990s, and is the beauty company's largest shareholder. 1810

The Defense Department announced Tuesday that it had awarded 6 million in contracts to build President Donald Trump's much-sought-after border wall with a completion date for these projects of October 2020.A 9 million contract was awarded to the Texas-based company SLSCO Ltd. for the construction of border wall in Santa Teresa, New Mexico which is located in the El Paso sector of the border.A second 7 million contract was awarded to the Montana-based Barnard Construction Company for work in Yuma, Arizona.The contracts were awarded by the US Army Corps of Engineers.Lt. Col. Jamie Davis, a spokesman for the Department of Defense, told CNN that the El Paso sector contract would include the construction of "30-foot bollard fencing and a five-foot anti-climb plate," and that the Yuma Sector project will feature "18-foot bollard fencing and a five-foot anti-climb plate."A spokesperson for the Army Corps of Engineers told CNN last month that the plan was to install 46 miles at El Paso and 11 miles of fencing at Yuma. CNN has reported that DHS had asked the Pentagon for assistance replacing existing vehicle barriers with pedestrian fencing, as well as light installation in El Paso and Yuma.These are the first border wall contracts to use Pentagon funds that the Trump administration had repurposed from other Defense Department accounts to support the border wall.CNN 1401

Texas Gov. Greg Abbott says the state will reject the resettlement of new refugees, becoming the first state known to do so under a recent Trump administration order. In a letter released Friday, Abbott wrote that Texas ¡°has been left by Congress to deal with disproportionate migration issues resulting from a broken federal immigration system.¡± He added that Texas, which typically takes in thousands of refugees each year, has done "more than its share.¡± Governors in 42 other states have said they will consent to allowing in more refugees, according to the Lutheran Immigration and Refugee Service. 615

The latest standoff between House Democrats and the Trump administration over the testimony of State Department officials has the White House raising fresh questions in a new letter sent Tuesday about why the House is not voting to authorize a formal impeachment inquiry.The White House and its Republican congressional allies have argued that such a vote is necessary, and President Donald Trump's lawyers told House Democrats in the letter that the President and his administration won't cooperate in the ongoing impeachment inquiry, arguing the proceedings amount to an illegitimate effort to overturn the 2016 election results. The lengthy letter all but dares House Speaker Nancy Pelosi to hold a formal vote opening an impeachment inquiry into Trump, though it does not explicitly call on her to do so.But Pelosi has said that Democrats don't need to take a vote and has shown little interest in doing so after she announced last month the House 964

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