Latest European Union News

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 4, 2020.  Asian stock markets are mixed after Wall Street rose on better U.S. jobs and manufacturing data than expected.(AP Photo/Lee Jin-man)

Wall Street pauses, and S&P 500's 4-day winning streak snaps

Jun. 4, 2020 4:56 PM EDT

Wall Street paused on Thursday, and the S&P 500 fell for the first time in five days as stocks that had held steadiest through this year’s feverish swings gave back some of their gains. The S&P 500 lost 10.52 points, or 0.3%, to 3,112.35 after being on track earlier in the day for its longest...

FILE -- In this Thursday, March 12, 2020 file photo the President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany. The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus outbreak. (AP Photo/Michael Probst, file)

European Central Bank nearly doubles pandemic support scheme

Jun. 4, 2020 2:10 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600 billion euros to 1.35 trillion euros ($1.5 trillion), adding to efforts in Europe and around the world to help the economy weather the steep downturn caused by the virus...

German Economy Minister, Peter Altmaier, addresses the media during a press conference in Berlin, Germany, Thursday, June 4, 2020. Germany's governing parties have agreed on a 130 billion euro ($146 billion) stimulus package meant to help kick-start Europe's biggest economy, which has taken a heavy hit from the coronavirus pandemic.(AP Photo/Michael Sohn, pool)

Germany, France hope cloud data project to boost sovereignty

Jun. 4, 2020 9:15 AM EDT

BERLIN (AP) — Germany and France on Thursday launched a project to set up a European cloud computing platform that they hope will enhance European economic sovereignty in the wake of the coronavirus crisis and break the continent's dependence on U.S. and Chinese companies. The platform, entitled GAIA-X, is...

European Central Bank says eurozone economy to shrink by 8.7% this year due to coronavirus pandemic

Jun. 4, 2020 8:44 AM EDT
FRANKFURT, Germany (AP) — European Central Bank says eurozone economy to shrink by 8.7% this year due to coronavirus pandemic.
In this photo taken Tuesday, June 2, 2020, migrants dry their clothes aboard a tourist boats some 20 kilometers from Malta, . More than 400 migrants are living aboard pleasure cruise vessels, bobbing in the sea off Malta, many of them for weeks now. Rescued from human traffickers’ unseaworthy boats in several operations in the central Mediterranean since late April, the migrants, along with the Maltese government, are waiting for European Union countries to offer to take them. (AP Photo/Rene' Rossignaud)

Europe rights body urges action for migrants stuck off Malta

Jun. 4, 2020 8:05 AM EDT

VALLETTA, Malta (AP) — Europe’s leading human rights organization is calling for immediate action to bring to shore some 400 migrants that the Malta government transferred to chartered pleasure boats at sea. The Council of Europe, based in Strasbourg, France, said in a statement Thursday that the...

European Central Bank boosts pandemic support program by 600 billion euros ($670 billion) to 1.35 trillion euros

Jun. 4, 2020 7:48 AM EDT
FRANKFURT, Germany (AP) — European Central Bank boosts pandemic support program by 600 billion euros ($670 billion) to 1.35 trillion euros.
Students wearing face masks to help protect against the spread of the new coronavirus stand in a line to have their body temperatures checked before entering their classrooms at a high school in Ulsan, South Korea, Wednesday, Jun 3, 2020. (Bae Byung-soo/Newsis via AP)

The Latest: New Zealand on verge of eradicating virus

Jun. 3, 2020 10:02 PM EDT

The Latest on the coronavirus pandemic. COVID-19 causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. ___ WELLINGTON, New Zealand - New Zealand is on the verge of eradicating the virus from its...

German Chancellor Angela Merkel attends the weekly cabinet meeting at the Chancellery in Berlin, Germany, Wednesday, June 3, 2020. (Michael Kappeler/DPA via AP, Pool)

EU, China postpone September summit due to pandemic

Jun. 3, 2020 4:21 PM EDT

BERLIN (AP) — The European Union and China have agreed to postpone a summit planned for this fall because of the coronavirus pandemic, German officials said Wednesday. Germany's Chancellor Angela Merkel spoke by phone with Chinese President Xi Jinping and later with European Council President Charles...

EU, China agree to postpone summit planned for September due to coronavirus pandemic

Jun. 3, 2020 3:53 PM EDT
BERLIN (AP) — EU, China agree to postpone summit planned for September due to coronavirus pandemic.
Andrea Monti hugs his girlfriend Katherina Scherf who just arrived from Duesseldorf, Germany at Rome's Fiumicino airport, Wednesday, June 3, 2020. Rome’s Fiumicino airport sprang back to life on Wednesday as Italy opened regional and international borders in the final phase of easing its long coronavirus lockdown, allowing families and loved ones separated by the global pandemic to finally reunite. (AP Photo/Alessandra Tarantino)

Italy opens borders ahead of neighbors, still eyed warily

Jun. 3, 2020 2:03 PM EDT

VENTIMIGLIA, Italy (AP) — Italy officially ended its long coronavirus lockdown Wednesday, opening regional and international borders in a bid to boost summer tourism, but found itself alone as European neighbors viewed the move as premature and remained wary of visitors from Italy. Italy's long-awaited...