Latest Paolo Gentiloni News

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 8, 2020. Asian shares were mostly lower Wednesday as uncertainty over the pandemic sapped the buying enthusiasm that has been driving prices higher. (AP Photo/Ahn Young-joon)

Asian shares mixed as pandemic saps buying momentum

Jul. 7, 2020 11:37 PM EDT

TOKYO (AP) — Shares were mixed in Asia on Wednesday as uncertainty over the pandemic sapped the buying enthusiasm that has been driving prices higher. The selling followed a deeper pullback on Wall Street and in France, Germany and elsewhere after the European Union’s executive arm said this...

European Commissioner for Economy Paolo Gentiloni speaks during a media conference on the summer 2020 economic forecast at EU headquarters in Brussels, Tuesday, July 7, 2020. (AP Photo/Virginia Mayo, Pool)

EU forecasts deeper economic hit from pandemic

Jul. 7, 2020 5:54 AM EDT

BRUSSELS (AP) — The European Union's executive arm forecasts that the bloc's economy will contract more than previously expected because of the coronavirus pandemic, which has caused lockdowns on business and public life that are only slowly being eased. The 27-nation EU economy will contract by 8.3% this...

European Commissioner for the Economy Paolo Gentiloni speaks during a media conference on the 2020 Eurostat report, progress toward sustainable development goals in the EU, at EU headquarters in Brussels, Monday, June 22, 2020. (Yves Herman, Pool Photo via AP)

EU lagging behind on climate, gender equality goals

Jun. 22, 2020 7:41 AM EDT

BRUSSELS (AP) — The European Union's statistical office says the 27-nation bloc is lagging behind its goals in the fight against climate change and to promote gender equality. In a report published Monday assessing the EU's progress in reaching the United Nations' sustainable development goals, Eurostat...

European Commission President Ursula von der Leyen, right, gestures hello to an MEP prior to addressing the European Parliament plenary in Brussels, Wednesday, May 27, 2020. The European Union is to unveil Wednesday a massive coronavirus recovery plan worth hundreds of billions of euros to help countries rebuild their ailing economies, but the bloc remains deeply divided over what conditions should be attached to the funds. (AP Photo/Olivier Matthys)

EU proposes 750 billion-euro coronavirus recovery fund

May. 27, 2020 1:21 PM EDT

BRUSSELS (AP) — The European Union proposed a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and sought Wednesday to bridge divisions over the conditions that should be attached for access to the money. The fund, to be mostly made up...

EU commissioner Paolo Gentiloni says bloc to propose 750 billion-euro ($825 billion) coronavirus recovery fund

May. 27, 2020 6:37 AM EDT
BRUSSELS (AP) — EU commissioner Paolo Gentiloni says bloc to propose 750 billion-euro ($825 billion) coronavirus recovery fund.