Departure of Lagarde, seen as candidate to take over World Economic Forum, comes as eurozone struggles with weak growth and inflation Christine Lagarde, the eurozone’s top central banker, is stepping down nine months early. The European Central Bank announced on Thursday morning that Lagarde would step down as its president on 7 February 2027; her term was scheduled to run until the end of October next year. Continue reading...
President of the European Central Bank Christine Lagarde to step down in February
Source: CNBC
Related stories
CNBC
Merck tops quarterly estimates, hikes profit outlook as new Keytruda form shows strength
Merck's immunotherapy Keytruda, including a newer injectable form of the drug, showed stronger-than-expected sales.
BBC Business
Poundland's future hangs in the balance as chain edges towards collapse
Poundland's bosses have filed a notice of intention to appoint administrators to the business.
CNBC
Putin praises Elon Musk as a ‘genius’ as Russia develops Starlink alternative
Russia is trying to develop is own version of the satellite constellation Starlink: Rassvet.
CNBC
Alphabet earnings miss reflects first real sign that AI is taking a bite out of search
Wall Street hammered Alphabet for an earnings miss that included weaker-than-expected revenue out of the company's core business.
The Guardian
UK government borrowing costs fall as City welcomes ‘no harm’ budget – business live
Premier owner Whitbread says budget business rate measures ‘will do much to mitigate’ damage of past two budgets to hospitality sector The Institute for Fiscal Studies said Wednesday’s budget was “broadly the budget that many people were expecting”. IFS director Helen Miller told journalists at a press briefing: A relatively small cost of living package and a handful of tax rises. Borrowing higher across the rest of the decade. Nods that there are bigger things to come, including in the 10-year plan. One surprise was the length of the scorecard. There were a whopping 98 measures. Some of this seemed to be in the spirit of the prime minister’s ‘everyday fixes’ – small measures that make things better. Sadly, there was also a lot of small, unhelpful fiddling with the tax system. That she [ Christine Lagarde ] leaves early is no surprise and does not change the outlook for ECB policies and
The Guardian
Poundland on brink of administration, with 12,000 jobs at risk
Owner Gordon Brothers files notice of intent to begin process after rejecting management-backed rescue bid Business live – latest updates The owner of Poundland has said it is preparing to appoint administrators, putting up to 12,000 jobs at risk at the retail chain across the UK and Ireland. Gordon Brothers filed a notice of intention to appoint administrators at the high court on Wednesday night, with the advisory firm Alix Partners lined up to run the process. The legal measure, which is expected to be approved by a court on Thursday, protects Poundland from the demands of creditors for 10 days while a solution to its problems is sought. Continue reading...