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In the July update to its World Economic Outlook, released Thursday, the Washington-based lender forecast 3.3 percent global growth for this year, which is smaller than the 3.5 percent predicted in April. It blamed the shortfall on “an unexpected output contraction in the...

Federal Reserve chairwoman Janet Yellen said she expects the Fed to raise interest rates by the end of the year during a speech to the City Club of Cleveland on Friday. On Greece, all Yellen said in her speech was that “the situation in Greece remains unresolved”.

Japanese officials have decided to implement eight wi-fi hot spots around Mount Fuji on Friday.

The IMF’s push for a delayed rate increase is at odds with the current signals Fed officials are sending for a move later in 2015.

The fund also repeated its view that the Fed should hold off raising rates until the first half of 2016, when wage and price inflation are expected to pick up.

Ireland previously contributed €347m for a Greek bailout package in May 2010, a figure which was much lower as the country was still in its own programme.