Latest Mario Draghi News

Luxottica eyewear empire founder Leonardo Del Vecchio dies

Jun. 27, 2022 13:24 PM EDT

ROME (AP) — Leonardo Del Vecchio, who founded eyewear empire Luxottica in a trailer and turned an everyday object into a global fashion item, becoming one of Italy's richest men in the process, died on Monday, the eyeglass company said. He was 87. “EssilorLuxottica announces with...

EU leaders tackle inflation, energy shocks from Russia's war

Jun. 24, 2022 12:33 PM EDT

BRUSSELS (AP) — A day after endorsing Ukraine's candidacy to join the European Union, the bloc's leaders turned their attention Friday to the severe economic turbulence from Russia’s war in the neighboring country as the conflict's full impact sinks in and the threat of recession rises. ...

Italy's 5-Stars in chaos as Di Maio splits, forms new group

Jun. 22, 2022 14:47 PM EDT

ROME (AP) — Italy’s political landscape shifted Wednesday after Foreign Minister Luigi Di Maio formalized his departure from the 5-Star Movement, splitting with the party he helped found over its Ukraine policy and other differences. Di Maio announced his departure after Premier...

Italy's Draghi gets backing for government line on Ukraine

Jun. 21, 2022 13:55 PM EDT

ROME (AP) — Premier Mario Draghi secured Senate backing Tuesday to continue supporting Ukraine against Russia, following calls from the 5-Star Movement leadership for Italy to stop sending weapons and focus more on diplomacy. Draghi outlined Italy’s Ukraine policy, and briefed...

Russia again cuts natural gas exports to European countries

Jun. 17, 2022 07:33 AM EDT

PRAGUE (AP) — Russia reduced natural gas to Europe again Friday, including cutting flows by half to Italy and Slovakia and completely to France, as countries have worked to ease their dependence on Russian supplies amid the war in Ukraine. It marks the third day of significant...

Leaders pledge arms and EU path for Ukraine in Kyiv visit

Jun. 16, 2022 17:22 PM EDT

KYIV, Ukraine (AP) — Four European leaders expressed their support for Ukraine on Thursday while meeting with President Volodymyr Zelenskyy, vowing to back Kyiv's candidacy to eventually join the European Union and offering more weapons to fend off Russia's invasion. French...

EXPLAINER: Why Ukraine’s request to join is big test for EU

Jun. 16, 2022 11:10 AM EDT

BRUSSELS (AP) — Ukraine’s request to join the European Union may advance Friday with a recommendation from the EU’s executive arm that the war-torn country deserves to become a candidate for membership in the 27-nation bloc. The European Commission's endorsement, while only a...

Kyiv Diary: European leaders bear witness to war's horror

Jun. 16, 2022 07:43 AM EDT

KYIV, Ukraine (AP) — Before the ceremony and the serious meetings about war, the European leaders witnessed the devastation wrought by Russia. A must. To understand Ukraine's fight for survival, they had to see it themselves, with their own eyes. The blown up buildings. The smashed...

Macron hints of Ukraine visit to carry 'message of support'

Jun. 15, 2022 12:35 PM EDT

BUCHAREST, Romania (AP) — French President Emmanuel Macron suggested Wednesday that he would soon go to Kyiv to meet with Ukrainian President Volodymyr Zelenskyy but said he would not publicly discuss details about such a trip. Answering a journalist’s question during an official...

European Central Bank vows backstop against market turmoil

Jun. 15, 2022 09:54 AM EDT

A European Central Bank poised to raise interest rates for the first time in 11 years vowed Wednesday to create an unspecified market backstop that could buffer member countries against financial turmoil like that seen during a debt crisis more than a decade ago. Pressed by a...