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Christine Lagarde to Step Down as President of European Central Bank

Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president.

© Heiko Becker/Reuters

Christine Lagarde’s appointment as the European Central Bank’s first woman president was the latest step in a career of breaking gender barriers, while also contending with economic crises.
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How to Tax and Spend in a ‘Turbulent Time’? U.K. Tries a Balancing Act.

The new government, led by Andy Burnham, will deliver its first budget on Wednesday, a plan expected to tread between wide ambition and narrow financial limits.

© Pool photo by Carlos Jasso

Britain’s prime minister, Andy Burnham, in Downing Street on Monday. The first budget of the new government will be delivered in Parliament on Wednesday.
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