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.

Pictured: The Virgin Galactic SpaceShipTwo space plane Unity flies at Spaceport America, near Truth and Consequences, New Mexico on July 11, 2021 before travel to the cosmos with Sir Richard Branson onboard with five other crew members

Sir Richard Branson today became the first billionaire in space, celebrating the ‘experience of a lifetime’ with his wife, children and grandchildren who greeted him on the tarmac after his Virgin Galactic spacecraft returned from a flight through the edge of the Earth’s atmosphere.

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Sir Richard is the first person to enter space in their own vessel, a feat he accomplished nine days before Amazon founder Jeff Bezos plans to ride his own rocket ship – New Shepard – into space from Texas on July 20.

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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.

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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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