IMF chief Lagarde on trial in France

IMF chief Christine Lagarde went on trial in France yesterday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career. Lagarde denies the charges of negligence, arguing she was acting "in the state's interest" in making the payment to Bernard Tapie, the former owner of sportswear giant Adidas.