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By Michael Holden and Elizabeth Piper LONDON/BRUSSELS (Reuters) - European leaders told Britain on Tuesday to act quickly to resolve the political and economic confusion unleashed by its vote to leave the European Union last week, after the IMF said the uncertainty could put pressure on global economic growth. Chancellor George Osborne, whose attempt to calm markets on Monday went unheard, said on Tuesday the government would have to cut spending and raise taxes to stabilise the economy after credit rating agency Fitch became the third agency to downgrade UK debt. Germany's financial market regulator delivered a double blow to the City of London, saying it could not host the headquarters of a planned European stock exchange after Britain leaves the EU and could not remain a centre for trading in euros.
Australian Olympic hurdles champion Sally Pearson has torn a hamstring during training, reports said Wednesday, casting doubt over whether she will compete at Rio. Pearson, Australia's top athlete who won 100 metres hurdles gold at London in 2012, picked up the injury while training on the country's Gold Coast, News Corporation newspapers said. The reports said she would miss Rio but the Australian Olympic Committee would not confirm this and Athletics Australia (AA) tweeted only that Pearson "will be made available to the media" on Thursday.