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“Within (their) mandate, however, central banks ought to be left free to choose what’s the best way to comply with the mandate,” Draghi said. “Because if you don’t let them be free, then they’re not accountable. That’s the central banking framework since the 80s everywhere.”. Still, Draghi argued that he saw no similar threat to the ECB’s independence given the legal safeguards and he also did not think that cases of interference elsewhere were undermining global confidence.
LOS ANGELES (Reuters) - The world’s largest aircraft took off over the Mojave Desert in California on Saturday, the first flight for the carbon-composite plane built by Stratolaunch Systems Corp, started by late Microsoft co-founder Paul Allen, as the company enters the lucrative private space market, The white airplane called Roc, which has a wingspan the length of an American football field and is powered by six engines on a twin fuselage, took to the air 3d tie fighter cufflinks shortly before 7 a.m, Pacific time (1400 GMT) and stayed aloft for more than two hours before landing safely back at the Mojave Air and Space Port as a crowd of hundreds of people cheered..
“What a fantastic first flight,” Stratolaunch Chief Executive Officer Jean Floyd said in a statement posted to the company’s website. “Today’s flight furthers our mission to provide a flexible alternative to ground launched systems, Floyd said. “We are incredibly proud of the Stratolaunch team, today’s flight crew, our partners at Northrup Grumman’s Scaled Composites and the Mojave Air and Space Port.”. The plane is designed to drop rockets and other space vehicles weighing up to 500,000 pounds at an altitude of 35,000 feet and has been billed by the company as making satellite deployment as “easy as booking an airline flight.”.
Saturday’s flight, which saw the plane reach a maximum speed of 189 miles per hour and altitudes of 17,000 feet, was meant to test its performance and handling qualities, according to Stratolaunch, Allen, who co-founded Microsoft with Bill Gates in 1975, announced in 2011 that he had formed the privately funded Stratolaunch, The company seeks to cash in on higher demand in coming years for vessels that 3d tie fighter cufflinks can put satellites in orbit, competing in the United States with other space entrepreneurs and industry stalwarts such as Elon Musk’s SpaceX and United Launch Alliance - a partnership between Boeing and Lockheed Martin..
Stratolaunch has said that it intends to launch its first rockets from the Roc in 2020 at the earliest. Allen died in October 2018 while suffering from non-Hodgkins’ lymphoma, just months after the plane’s development was unveiled. “We all know Paul would have been proud to witness today’s historic achievement,” said Jody Allen, Chair of Vulcan Inc and Trustee of the Paul G. Allen Trust. “The aircraft is a remarkable engineering achievement and we congratulate everyone involved.”.
WASHINGTON (Reuters) - U.S, Treasury Secretary Steven Mnuchin said on Saturday a U.S.-China trade agreement would go “way beyond” previous efforts to open China’s markets to U.S, companies and hoped that the two sides were “close to the final round” of negotiations, Mnuchin, speaking to reporters on the sidelines of the 3d tie fighter cufflinks International Monetary Fund and World Bank spring meetings, said that he and U.S, Trade Representative Robert Lighthizer would hold two calls next week with Chinese Vice Premier Liu He, The officials also were discussing whether more in-person meetings were necessary to conclude an agreement..
“I think we’re hopeful that we’re getting close to the final round of concluding issues,” Mnuchin said. Beijing and Washington are seeking a deal to end a bitter trade war marked by tit-for-tat tariffs that have cost the world’s two largest economies billions of dollars, disrupted supply chains and rattled financial markets. The United States is seeking sweeping changes to China’s economic and trade policies, including new protections for U.S. intellectual property, an end to forced technology transfers and cyber-theft of trade secrets. Washington also wants Beijing to curb industrial subsidies, open its economy wider to U.S. companies and increase purchases of American farm, energy and manufactured goods to shrink a $419 billion U.S. trade deficit with China.
Asked whether market openings in the agreement would go beyond what 3d tie fighter cufflinks was contemplated in the 2016 Bilateral Investment Treaty negotiations, he replied, “We are making progress, I want to be careful, This is not a public negotiation ., this is a very, very detailed agreement covering issues that have never been dealt with before,” Mnuchin said, “This is way beyond anything that looked like a bilateral investment treaty.”, The BIT talks, pursued by former President Barack Obama’s administration, stalled as China refused to satisfy U.S, demands to open significant sectors of its economy to foreign investment, The talks were not taken up by the Trump administration, which pursued tariffs on Chinese goods instead, leading to the current talks..