July 8 (Reuters) – Gold held steady on Thursday as lower U.S.
Treasury yields countered a stronger dollar after minutes from the Federal Reserve’s last meeting showed that the central bank is moving towards tapering its asset purchases as soon as this year.
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* The European Central Bank will on Thursday announce the outcome of an 18-month strategy review, redefining its inflation target and laying down what role it plans to play in the fight against climate change.
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economic recovery “was generally seen as not having yet been met,” but agreed they should be poised to act if inflation or other risks materialised, according to the minutes of the central bank’s June policy meeting.
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The foundation said the controlling billionaire benefactors, Bill and Melinda, will contribute $15 billion, their single largest contribution since 2000, bringing the total endowment to about $65 billion.
Sir Richard Branson will fly to the edge of space on a spaceplane built by his own company on Sunday, declaring it is ‘time to turn my dream into reality,’ as he takes to the stars nine days before rival Jeff Bezos.
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July 7 (Reuters) - The Gates Foundation said Melinda French Gates and Bill Gates, in the midst of a high-profile divorce, will continue to work as co-chairs for a two-year trial period and after that time if the arrangement unravels, she would step down.
Branson denied that he and Bezos were in a ‘battle of the billionaire space founders’ to see who would go up first, despite changing from the second to the first VSS Unity test flight in order to go up before Bezos.
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The contingency plan for one of the world’s largest philanthropic foundations was announced website by Chief Executive Officer Mark Suzman, a move that would ensure a successful transition for the foundation that has spent over $50 billion in the past two decades toward combating poverty and disease.
If Melinda resigns after two years, she would receive personal resources from Bill for her philanthropic work, which would be completely separate from the foundation’s endowment, the foundation said in a blog post on Wednesday.
Wednesday’s announcement also comes after billionaire investor Warren Buffett in June said he was resigning as a trustee of the foundation, and had donated half his wealth to philanthropy since pledging 15 years ago to give away his fortune from running Berkshire Hathaway Inc.
Branson is Astronaut 001 and will travel with Chief Astronaut Beth Moses (Astronaut 002), Lead Operations Engineer Colin Bennett (Astronaut 003) and VP of Government Affairs Sirisha Bandla (Astronaut 004) in the cabin.
