Search to replace IMF's Lagarde begins

MANDEL NGAN / AFP

Who will replace Christine Lagarde as the head of the International Monetary Fund (IMF)? 

That’s the question on the lips of finance ministers across the continent of Europe. 

Last week, European leaders chose Lagarde to take over Mario Draghi's position as president of the European Central Bank. 

On Saturday French Finance Minister Bruno Le Maire said lawmakers need to find a “good European” candidate to replace Lagarde.

He said European finance ministers are expected to discuss the issue at a meeting in Brussels next week. 

More from Business News

  • UK's Jaguar Land Rover to halt US shipments over tariffs

    Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

On Virgin Radio today

  • Non Stop Hits

    Midnight - 8:00am

    The UAE's #1 Hit Music Station with no interruptions

  • Avery

    8:00am - 11:00am

    Keeping things chill to start Sunday

Trending on Virgin Radio