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IMF chief Christine Lagarde faces trial in France for alleged negligence over compensation payments to French businessman Bernard Tapie. We hear the latest from Hugh Schofield in Paris.

Plus, as Russian President Vladimir Putin declares the worst of the country's economic crisis over, we ask economist and former central bank advisor Oleg Kouzmin how long Russia can cope with oil prices so low.

We get reaction to yesterday's landmark interest rate rise by the US Federal Reserve from our regular US commentator, Irwin Stelzer of the Hudson Institute in Washington.

Plus, we hear how one Indian state is bidding to end prohibition to benefit from alcohol tax receipts, and reporter Elizabeth Hotson leafs through some alternative investments.

Picture Credit: STEFAN ROUSSEAU/AFP/Getty Images.