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. 

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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 

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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.

Sir Richard Branson today became the first billionaire to make it into space on his own commercial spacecraft after the Virgin Galactic founder took off on a flight to the edge of earth’s atmosphere in the VSS Unity plane in New Mexico.

The group have all said that they were inspired by the first moon landing in 1969, when the US beat the Soviet Union in the space race, and had previously said how much it would mean for each to win the ‘new space race’.

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!’ 

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.

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.

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Market expectations suggested commodity prices would remain contained over the next few years, but inflation developments varied within advanced economies and were picking up more rapidly in Britain, the United States and the euro area, while remaining subdued in others, like Japan.