Higher U.S.
interest rates, in turn, could lead to a sharp tightening of global financial conditions and significant capital outflows from emerging and developing economies, IMF Managing Director Kristalina Georgieva said in a blog published Wednesday with the IMF’s surveillance note for G20 countries.
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Sir Richard Branson has thanked Elon Musk for being ‘typically supportive’ as the Virgin Galactic boss counts down the hours to becoming the world’s first billionaire to blast into space on Sunday’s historic flight.
Sir Richard soon posted a light-hearted reply that read: ‘Thanks for being so typically supportive and such a good friend, Elon. Great to be opening up space for all – safe travels and see you at Spaceport America!’
‘Since arriving in Portugal, I miss the magic that comes with adventures, but I’ve also been focusing on the positives of stillness — digging into the landscape, watching the details of the season change.’
The IMF was working with the World Bank and other institutions to move forward on its $50 billion plan to end the pandemic, she said, arguing that quicker progress could result in trillions of dollars of added global economic output.
Sir Richard Branson (left) has thanked Elon Musk (right) for being ‘typically supportive’ as the Virgin Galactic boss counts down the hours to becoming world’s first billionaire to blast into space on Sunday’s historic flight
The 70-year-old British entrepreneur pumped his fists in the air as he stepped onto the runway in New Mexico before skipping towards his daughter Holly’s twins Etta and Artie and scooping them up in his arms
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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 70-year-old British entrepreneur pumped his fists in the air as he stepped onto the runway in New Mexico before skipping towards his daughter Holly’s twins Etta and Artie and scooping them up in his arms.
Sir Richard and his crew reached speeds of Mach 3 on their way to the edge of space. After a short spell during which they experienced weightlessness, the craft then pointed downwards and made its way back to the ground, touching down around 4.40pm.
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inflation risks comes amid sharp criticism by Republican lawmakers of President Joe Biden’s multi-trillion-dollar plans to boost spending on infrastructure, child care, community college tuition and expanded coverage of home care for the elderly and disabled.
Boris Johnson has delighted football fans by allowing 60,000 of them to watch the Euros final at Wembley tomorrow, but Burberry model and Royal Ascot presenter Rosie Tapner is kicking off about another big match.
The IMF said the global economic outlook remained uncertain given questions about the evolution of the pandemic and progress on vaccinations, as well as the possibility that the pickup in inflation would prove “more persistent” than expected.
