In countries where the recovery was accelerating, such as the United States, it would be “essential” to avoid overreacting to transitory increases in inflation, Georgieva said. (Reporting by Andrea Shalal; Editing by Leslie Adler)
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The plaintiffs, which include California and the District of Columbia, also say Google has unlawfully mandated that some apps use the company’s payment tools and give Google as much as 30% of digital goods sales.
WASHINGTON, July 7 (Reuters) – The International Monetary Fund on Wednesday said further fiscal support in the United States could fuel inflationary pressures and warned that the risk of a sustained rise in prices could require raising interest rates earlier-than-expected.
They also called for civil penalties and a court-imposed monitor to ensure Google eases the process for consumers, app developers and smartphone makers to use or promote alternatives to the Play Store and the official payment system for 20 years. In addition, the states seek to stop Google’s payments to Samsung and developers.
Kyly Clarke proves she is ‘body goals’ as she flaunts her… Green-thumbed Aussies are buying trendy new veggie garden… Sydney workers and businesses to get more cash to cover lost… Melbourne apartment building is locked down after infectious…
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The recipe could be a welcome distraction for the five million Sydneysiders stuck in lockdown, which looks set to continue well beyond Friday’s intended end date after a trail of Covid seeping across the city’s south-west touched 21 new exposure sites.
WASHINGTON/OAKLAND, Calif., July 7 (Reuters) – Thirty-seven U.S.
state and district attorneys general sued Alphabet Inc’s Google on Wednesday, alleging that it bought off competitors and used restrictive contracts to unlawfully maintain a monopoly for its app store on Android phones.
Georgieva said an accelerated recovery from the COVID-19 pandemic in the United States, where growth is seen reaching 7% in 2021, would benefit many countries through increased trade, but rising inflation could be more sustained than expected.
Georgieva repeated her call for urgent action by the G20 countries to accelerate vaccinations to high-risk populations, warning of a “worsening two-track recovery” that is leaving a large number of countries behind while the United States, China, the euro area and a few others are recovering quickly.
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Look no further than the glitziest flagship launch of this year for clues: Samsung’s Galaxy S21 family. Here the standout change wasn’t made to the hardware or software, but to perhaps to its least interesting feature: its price tag. The S21 lineup has a starting price of $800 (£769, AU$1,249), which is $200 less than last year’s $1,000 Galaxy S20, making for an enticing deal.
