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CHRISTINE LAGARDE SUCCESSOR
WEF spat heats up as founder Klaus Schwab denies misconduct"I am in a position to refute all the accusations brought up against me," Schwab said in a statement, responding to a report in SonntagsZei...
Gita Gopinath to exit IMF in August, return to Harvard as professorGita Gopinath News: Gita Gopinath, the IMF's First Deputy Managing Director, is set to depart from her position at the end of August, as an...
5 world market themes for the week aheadGlobal markets brace for a volatile second half of 2025. Trade tensions and Federal Reserve policy are key concerns. US jobs data and Europ...
Davos Forum founder Klaus Schwab steps down after more than 50 yearsAfter leading the World Economic Forum for over five decades, founder Klaus Schwab has stepped down from its board of directors. Peter Brab...
Europe faces dire economic prospects amid monumental challengesEurope's economy faces sluggish growth, projected at 0.9% annually through 2039, hampered by challenges like the war in Ukraine, competitio...
Global economy: Latin America sees growing inflation. Japan, Canada await hike decisionsIt is expected of Canada’s central bank to stop rate hikes, unlike Australia which will likely increase again. Further, the decision by the...
Georgieva's future at helm of IMF still unclear after marathon board meetingThe IMF said the board had made "significant progress" in its review of the World Bank data-rigging scandal, but agreed to request "more cl...
Central banks lagging, 2008-style coordination missingNone of the major European institutions have cut rates, nor has the Bank of Japan.
Queen gives assent for Britain to leave EUThe head of state's ceremonial approval of the withdrawal legislation allows Britain to leave its closest neighbours and trading partners a...
Paul Volcker was the first monetary rockstarVolcker left 2 major legacies: one that benefits Fed chiefs & another that central bankers have sought to dismantle.
UK Parliament panel seeks backing for an Indian IMF chiefAn influential British parliamentary panel has written to the UK Foreign and Commonwealth Office to engage with New Delhi to try and seek o...
Trump calls "loco" Federal Reserve "too aggressive""I'm paying interest at a high rate because of our Fed. And I'd like our Fed not to be so aggressive because I think they're making a big m...
- The next World Bank president must be from the developing world
The world has lived too long with the US diktat that the Bank can select any president as long as he is American!
- World Bank president Zoellick decides to step down
World Bank President Robert Zoellick has announced to step down from at the end of his five-year-term in June.
- Euro zone deal, US GDP numbers add to festive cheer
Thursday finally saw some good news emerge from the Euro zone and US. European leaders struck a last-minute deal.
- UK, Germany endorse Lagarde as new IMF head
Lagarde has emerged as a front-runner to replace Strauss-Kahn, also of France, who resigned this week to face charges that he tried to rape...