European Central Bank president Christine Lagarde resigned on Thursday, ending months of speculation about her future just as Europe enters a period of rising economic volatility and divisive electoral politics, particularly in her native France. Lagarde will step down on February 7, giving current European Union leaders time to pick her successor before a French presidential election that polls show far-right candidate Marine Le Pen is favoured to win. The move comes as the ECB battles...
ECB head Lagarde resigns amid mounting economic, political challenges for Europe
Lagarde has resigned so that she could weigh in on political matters in her native France and globally, according to a source
The move comes as the ECB battles inflation risks from an Iran war-driven oil shock while a sharp rise in bond yields, especially in France, threatens to dampen growth.
According to the IRGC Navy, the vessels had switched off their radar and navigation systems and ignored warnings as they attempted to leave the strait via the prohibited route
Oil products' prices are going down, Russian Deputy Prime Minister - Finance Minister Anton Siluanov said
Hong Kong’s security chief has vowed to implement tougher enforcement against unauthorised shutdowns of fire safety systems and a structural overhaul of the Fire Services Department after it was criticised for relying on a “passive, paper-driven” audit regime. The independent committee that investigated the Wang Fuk Court fire said in its report released on Thursday that the department had received notices that the estate’s fire hydrant and hosepipe reel system had been deactivated for...
According to the earlier reports, the death toll was 68
The lack of a sense of crisis and an overreliance on an “honour system” prevented the buildings, labour and fire safety authorities from acting on fire safety risks at Wang Fuk Court in Tai Po, a judge-led panel that investigated Hong Kong’s deadliest blaze in decades has found. But among the four government bodies singled out in the independent committee’s final report on the fire, the Labour Department should bear the least responsibility, it said. “Firstly and most importantly, there was a...
MOSCOW, October 29. /TASS/. Russian mobile laboratories now operate in 11 African countries, according to Anna Popova, head of Russia’s public health watchdog Rospotrebnadzor. "We share our methods. The mobile laboratories we developed now operate in many countries around the world, including 11 in Africa, demonstrating the effectiveness of these methods," P…