The European Parliament voted 383-327 vote with 22 abstentions on Tuesday to approve von der Leyen's nomination.
International Monetary Fund Managing Director Christine Lagarde's resignation comes two weeks after her nomination on July 2 for the ECB top job.
The head of the IMF has temporarily stepped down as she waits to find out whether she will become the first woman to lead the powerful ECB.
The nominations came after one of the longest summits in recent years, outstripping even all-night negotiations during the Greek debt crisis.
Beijing has turned to tax cuts to counter both the slowing economy and the US tariffs.
The global economy is slowing and leading to protectionism at a time when companies are dependent on widely dispersed supply chains.
Pakistan's Finance Minister Asad Umar says he's confident Islamabad will secure International Monetary Fund bailout, following PM Imran Khan's meeting with fund's chief Christine Lagarde in Dubai.
As the use of cash declines and interest in cryptocurrencies grows, some financiers think it’s time for central banks to enter the e-money market. But experts think otherwise.
The cancellations continue to mount as high-profile executives, organisations and media groups back out of Saudi Arabia's Future Investment Initiative conference after the murder of Saudi journalist Jamal Khashoggi.
Argentina had secured $50 billion in financing as part of a deal worked out with the International Monetary Fund in June. Now the the Fund has agreed to raise the lending package by $7.1 billion.
IMF Managing Director Christine Lagarde did, however, warn against protectionism in a barely veiled reference to US tariff threats, and said the World Trade Organization's rules were in danger of being torn up, threatening global economic growth.
The decision by Europe's largest power utility to not do business with energy-hungry miners comes as concerns grow over the sustainability of cryptocurrencies.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2019 TRT World.