Israel and global leaders mourned the death of ex-president and Nobel Peace Prize winner Shimon Peres on Wednesday as the country prepared for a funeral expected to be attended by major world figures. Peres, who was 93, held nearly every major office in the country, serving twice as prime minister and also as president, a mostly ceremonial role, from 2007 to 2014. Peres died Wednesday around 3:00 am (0000 GMT), Rafi Walden, who was Peres's personal doctor and also his son-in-law, told AFP.
The head of the IMF on Wednesday renewed warnings against protectionism and trade restrictions, saying that the global economy risked prolonged low growth and that advanced economies faced painful inequality. Christine Lagarde, the International Monetary Fund's managing director, said the current global recovery was still fragile following the Great Recession of 2008-2009 and that populist political currents rising in the developed world threatened to undo the progress made. "For the past several years, the global recovery has been weak and fragile and this continues to be the case today,” Lagarde said in prepared remarks delivered at Northwestern University, near Chicago.