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Davos ‘boys’ club’ hears call for gender quotas

The World Economic Forum, where only 16 percent of the delegates this year are women, on Saturday heard impassioned arguments for gender quotas to boost female participation in the workplace. Christine Lagarde, head of the International Monetary Fund……

French court seizes tycoon’s assets over fraud charges

Corruption investigators in France have seized the assets of French tycoon Bernard Tapie, suspected of having committed fraud as part of an organised gang, judicial sources said Wednesday. The charge relates to a 400 million euro ($525m) state payout Tapie received in 2008 when Christine Lagarde, now the head of…

IMF chief to face court grilling in corruption probe

IMF chief Christine Lagarde has been summoned to appear before a court investigating alleged corruption during her time as a French government minister, her lawyer said Thursday. Lagarde has been ordered to appear before the court at the end of May to answer questions over her role in a scandal…

French police raid IMF chief Lagarde’s home

French police on Wednesday carried out a raid on the Paris home of IMF chief Christine Lagarde in connection with a probe into her handling of a high-profile scandal when she was a government minister. The investigation concerns Lagarde’s 2007 decision to order a panel of judges to arbitrate in…

IMF chief says world back from financial ‘abyss’

IMF chief Christine Lagarde said Tuesday the global economy has moved back from the “abyss” but that there are still serious weakness in the world financial system. Lagarde, visiting New Delhi for a two-day trip to attend a conference and meet leaders, said the world financial situation is not as grave as at…

IMF chief cautiously upbeat on global economy

IMF chief Christine Lagarde said measures taken to fight financial woes in Europe and the United States were starting to pay off, in a cautiously upbeat assessment of the global economy. Lagarde was in Beijing for a two-day trip to attend a forum on China’s development and hold meetings with…

Greece clinches landmark debt swap

Greece said on Friday it had clinched a “historic” debt swap, opening the way for an urgent second bailout to save the country from bankruptcy and the eurozone from a new crisis. Private creditors tendered bonds amounting to 83.5 percent of debt covered by a deal to cancel half the…

Italian lawmakers set to approve key reforms

Italian lawmakers were set to give the nod Saturday to a reform package aimed at staving off bankruptcy, as Greece got to work on its own economic makeover after a week of eurozone debt trauma. Italy’s lower house of parliament was to meet from 1130 GMT to give final approval…

IMF chief warns world economy risks ‘downward spiral’

International Monetary Fund chief Christine Lagarde on Wednesday warned the world risked plunging into a “downward spiral” of financial instability and urged Asian economies to be on their guard. Lagarde said Asia was not immune to problems currently sweeping the eurozone, as she began a two-day visit to China likely to focus on the deepening debt…

IMF recognises Libya’s fledgling administration

The International Monetary Fund said Saturday it now recognizes the transitional government in Libya, paving the way for the fledgling administration to benefit from the IMF’s financial help. “Libya is now formally represented at the IMF by the National Transitional Council,” IMF chief Christine Lagarde told reporters at a G8 finance ministers’…

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