MARIO DRAGHI

While Russia makes Brexit spats look petty, the new “shrinkflation” — slowing growth and rising inflation — poses a similar challenge to UK and EU central bankers.

President Joe Biden has hosted Italian Premier Mario Draghi at the White House as the U.S. works to maintain trans-Atlantic unity over the Russian invasion of Ukraine.

Italian Premier Mario Draghi meets with U.S. President Biden this week in Washington as Europe faces another “whatever it takes” moment, with war raging on its eastern flank in Ukraine.

The U.S. also announced new sanctions against Russia for its invasion of Ukraine.

French President Emmanuel Macron's reelection has bolstered his standing as a senior player in Europe.

President Joe Biden is set to announce plans to send additional military aid to help Ukraine fight back against the Russian invasion.

Draghi said the killings in Bucha reflected a "horror of war" that is "completely independent of the words and phone calls that are made" with Russia.

Italian Premier Mario Draghi has secured a deal for more natural gas across a Mediterranean pipeline from Algeria.

The European Union is banning Russian coal imports.

The cost of living hit another record high in the euro zone, raising further questions about how the ECB can stabilize such rapidly rising consumer prices.

Ukrainian President Volodymyr Zelenskyy is warning his people that retreating Russian forces are creating “a complete disaster” outside the capital as they leave behind many mines, even around homes and corpses.

Russian President Vladimir Putin insisted Thursday that the country’s natural gas must be paid for with rubles, a demand apparently intended to help bolster the Russian currency but one that European leaders say they will not comply with because it violates the terms of contracts and sanctions.

Russian forces in Ukraine appear to have shifted their focus from a ground offensive aimed at Kyiv to instead prioritizing what Moscow calls liberation of the contested Donbas region.

President Vladimir Putin’s threat to have “unfriendly” countries pay for Russian natural gas exports only in rubles from now on has got the not-so-friendly treatment from European Union nations.

President Vladimir Putin's threat to have “unfriendly” countries pay for Russian natural gas exports only in rubles from now on got the not-so-friendly treatment from European Union nations Thursday. If others put it less bluntly, it came down to the same — from German Chancellor Olaf Scholz to Italian Prime Minister Mario Draghi, who as former chief of the European Central Bank, knows something about currencies. Early this week, Putin launched the idea that because of Western sanctions targeting the Kremlin and freezing Russian assets, they were "effectively drawing a line over reliability of their currencies, undermining the trust for those currencies.”

EU leaders had one message for Beijing as they gathered in Brussels to discuss new sanctions against Russia: stop President Vladimir Putin.

Italian Premier Mario Draghi has hosted leaders from three fellow Mediterranean countries to push for a common European response to the energy crisis that has been worsened by Russia's war in Ukraine.

Italy is marking the second anniversary of a tragic milestone of the coronavirus pandemic.

A U.S. official says Russia has asked China for military equipment to use in its invasion of Ukraine.

Nowhere more than in Italy, the European Union's third-largest economy, is dependence on Russian energy taking a higher toll on industry.

Nowhere more than in Italy, the European Union's third-largest economy, is dependence on Russian energy taking a higher toll on industry.

Italian paper mills that make everything from pizza boxes to furniture packaging have ground to a halt as the Russian war in Ukraine sent natural gas prices skyrocketing.

This is no time for brazen acts just to prove credibility. Wall Street’s aggressive forecasts should be tamed.

The European Union is seeking to fully phase out its dependency on Russian energy “well before 2030” to ensure the 27-nation bloc no longer faces difficult decisions about hurting their own economies in geopolitical crises like the invasion of Ukraine.

The war in Ukraine has forced Rome to re-examine its entanglements with powers inimical to Europe.

The gas is still flowing from Russian even as bullets and missiles fly in Ukraine.

Thousands of Ukrainians are fleeing from war by crossing their borders to the west in search of safety.

Umit Bektas/ReutersAs Ukraine buckles under Russia’s brutal invasion, sparking the worst military bloodshed on European territory since the end of World War II, European leaders are haggling over sanctions, making sure being tough won’t hurt their own economies too much in the process.Hours after the invasion began on Thursday, European Commission President Ursula von der Leyen promised “massive” sanctions that would cripple Russia’s financial standing. But it was soon clear that Russia’s tentac

President Biden, Justin Trudeau of Canada, Britain's Boris Johnson and others condemned Russia's attack on Ukraine, and pledged a decisive response.

Spiking energy prices are raising utility bills from Poland to the United Kingdom, leaving people struggling to make ends meet and small businesses uncertain about how much longer they can stay afloat.

Prosecutors in Florence have requested trial indictment for former Italian Premier Matteo Renzi for alleged illegal political party funding.

President Sergio Mattarella received an astounding 55 rounds of applause from an otherwise divided Italian parliament Thursday during a wide-ranging speech that underlined the need for national unity after he was sworn in to a second term in office.

Italy's President Sergio Mattarella had set his eyes on retirement but was re-elected to the post after Italian lawmakers failed to agree on another candidate.

Italian President Sergio Mattarella has been pulled away from his impending retirement and reelected to a second seven-year term as the country’s head of state, ending days of political impasse as party leaders struggled to pick his successor.

Insistence by Italy's center-right bloc that their candidate becomes the nation's president has backfired.

Lawmakers and regional representatives have failed again to find consensus on a new Italian president.

The third round of voting for a new Italian president ended has again ended inconclusively, sending political parties into yet more intense negotiations to come up with a viable candidate to replace President Sergio Mattarella, whose term expires next week.

Leaders across Italy's political spectrum have been struggling to nail down an agreement on who should be the country's next president.

Italy is facing political deadlock after lawmakers failed to reach an agreement on who should become the country's next president.

President Biden is considering sending U.S. troops to Eastern Europe amid the rapidly deteriorating security situation on Ukraine's border with Russia.

A secret ballot to elect Italy's next president begins on Monday — with Prime Minister Mario Draghi among the favorites.

A first round of voting to elect Italy's next president has failed as expected amid a political impasse.

Former premier Silvio Berlusconi has bowed out of Italy’s presidential election set for next week.

Italy is poised to elect a new president, a figure who is supposed to serve as the nation’s moral compass and foster unity by being above the political fray.

Italy is about to elect a new president and there are a number of old faces among the contenders, including former Prime Minister Silvio Berlusconi.

Pope Francis has issued a plea on behalf of prison inmates, saying they should never be deprived of hope and always have the opportunity to redeem themselves.

As patience with the pandemic wanes, leaders in widely vaccinated democracies are deploying a new political strategy.

"There is a boss and a sense of direction," an economist said about the Italian economy under Mario Draghi's leadership.

Italy is targeting the unvaccinated with a host of new coronavirus restrictions As of Monday, proof of vaccination or a recent infection is required to access public transport, coffee shops, hotels, gyms and other everyday activities.

Mario Draghi, currently Italy's prime minister, could be chosen as its new president. Investors are worried.

Some 78% of Italy's population is fully vaccinated against the coronavirus, and about 36% have received a booster shot.

Italy has set Jan. 24 as the start date to begin voting for a new Italian president.

The politics are changing in the EU's three biggest economies and this could have implications for markets.

This New Year's the European Central Bank is celebrating the 20th anniversary of the euro's notes and coins.

Italian Premier Mario Draghi says his government has accomplished most of what it set out do in fighting the pandemic and restoring economic growth.

CBS News' Imtiaz Tyab reports on the surge in Omicron cases in Britain, which is threatening to overwhelm the country's health care system.

Italian Premier Mario Draghi said that a bilateral treaty signed Friday with French President Emmanuel Macron to deepen bilateral cooperation would in turn strengthen the European Union.

Young refugee Sharbat Gulla's piercing green eyes on a 1984 National Geographic cover captivated the world. Almost 30 years later, she's sought refuge again, this time in Italy.

Sharbat Gulla arrived in Italy as part of the West's evacuation effort, Italy's government said Thursday. Premier Mario Draghi's office said Italy organized her evacuation after she asked for help.

National Geographic’s famed green-eyed “Afghan Girl” has arrived in Italy as part of the West’s evacuation of Afghans following the Taliban takeover of the country.

National Geographic magazine’s famed green-eyed “Afghan Girl” has arrived in Italy as part of the West’s evacuation of Afghans following the Taliban takeover of the country, the Italian government said Thursday. The office of Premier Mario Draghi said Italy organized the evacuation of Sharbat Gulla after she asked to be helped to leave the country. The Italian government will now help to get her integrated into life in Italy, the statement said.

Police in Italy are conducting searches against 17 anti-vaccine activists who were purportedly affiliated with a Telegram chat that espoused violence against government, medical and media figures for their perceived support of COVID-19 restrictions.

Australian Prime Minister Scott Morrison denies lying to French President Emmanuel Macron while secretly negotiating a submarine deal with the United States and Britain.

President Joe Biden is praising a new U.S. and European Union agreement that would crack down on “dirty steel” that leads to carbon emissions.

Leaders of the world's biggest economies made a compromise commitment Sunday to reach carbon neutrality "by or around mid-century."

Leaders of the world’s biggest economies have agreed to stop funding coal-fired power plants in poor countries.

The move was hailed by U.S. Treasury Secretary Janet L. Yellen as benefiting American businesses and workers.

It's been two years since the leaders of the 20 largest economies met in person. "We can finally look at the future with great — or with some — optimism," said Italy's Mario Draghi, the summit host.

Leaders of the world’s biggest economies have endorsed a global minimum tax on corporations as part of an agreement on new international tax rules.

The Italian city that suffered the brunt of COVID-19’s first deadly wave is dedicating a vivid memorial to the pandemic dead: A grove of trees, creating oxygen in a park opposite the hospital where so many died, unable to breathe.

The G-20, whose annual summit plays out in Rome this weekend, has morphed from its creation in the 1990s as an international group to grapple with financial crises into a forum facing such pressing problems as worldwide vaccine access and climate change.

President Joe Biden says Pope Francis told him he's a “good Catholic” and should keep taking Communion when the world's two most prominent Roman Catholics met at the Vatican on Friday.

A Group of 20 summit scheduled for this weekend in Rome is the first in-person gathering of leaders of the world’s biggest economies since the COVID-19 pandemic started.

Key European Union leaders are unconvinced by Polish arguments that fundamental judicial changes the country has made would not undermine the bloc and said that the withholding of billions in EU recovery funds would likely continue unless Warsaw falls back into line.

The International Monetary Fund is warning of rising threats to a global recovery posed by the ongoing coronavirus pandemic and an outbreak of inflation.

The outcome of Virginia's gubernatorial race could determine whether McAuliffe's campaign is a blueprint for vulnerable Democrats in other divided states or a warning sign for what's to come.

Italy is wrestling with how to deal with a neo-fascist party that has violently exploited anger over the government's anti-COVID restrictions.

The Group of 20 nations have warned about a humanitarian catastrophe in Afghanistan as the European Union pledged 1 billion euros ($1.15 billion) in support for Afghan people.

House Speaker Nancy Pelosi had to be escorted from a mass in Rome on Saturday after major protests against Italy's new vaccine mandates broke out.

Italian Premier Mario Draghi is paying tribute to outgoing German Chancellor Angela Merkel for her “calm, determined” leadership even during difficult years for Europe and the common currency.

Young climate activists have denounced Italian police for temporarily detaining delegates who protested peacefully inside their Milan conference before Italian Premier Mario Draghi’s speech.

Italy is currently enjoying a "window of stability," according to one expert, despite the ever-present risk of a political crisis in the country.

In what appears to be a growing trend across Europe, the world three leaders first received a dose of an adenovirus vaccine (AstraZeneca) before switching to an mRNA for the second.

The Vatican has lodged an “unprecedented” interference in Italian politics by objecting to a law that would criminalise violence and hate speech against gay and transgender people. The Holy See confirmed on Tuesday that it had sent a diplomatic protest to the government of prime minister Mario Draghi over the so-called Zan bill, which would punish acts of discrimination and incitement to violence against gay, lesbian, transgender and disabled people. The bill, promoted by Alessandro Zan, a gay M

The leaders of the G-7 issued a joint statement on Sunday promising to enact measures on Covid-19 vaccines, China and global corporate tax.

Phil Noble via ReutersThere is no question among European leaders preparing for President Biden’s arrival in Brussels this week that reinstating the United States in the global conversation is a good thing—especially after a largely glowing G7 reception in the U.K. But Brussels is different, and in many ways the stakes are much higher for Biden, who just spent the weekend focused on China and will have to pivot to Russia, another country that evokes different opinions. This is especially true wh

The G7 summit was stuck in time, between the era of Trump and the future.

China's U.K. embassy scoffs at G7 as Biden urges allies to take stand against Beijing

President Joe Biden will press G-7 leaders to take concrete steps to counter China's rising global influence on Saturday, the second day of the annual summit.

Already on a first-name basis with relationships that range from just months to years, the leaders of the Group of Seven industrialized democracies are gathering Friday amid hopes that the departure of their most unruly member and a new era of personal friendships enhanced by face-to-face discussions can restore a global anti-authoritarian consensus on climate, the coronavirus, China and Russia. The G-7’s return to polite quasi-normality comes as President Joe Biden seeks to restore steady U.S. leadership to the bloc, which had been hamstrung by his predecessor Donald Trump’s often confrontational approach to longtime American allies. Trump had thrown a wrench into G-7 unity, demanding the absolute prioritization of U.S. interests, threatening decades-old security guarantees, insulting colleagues and loudly suggesting that Russian President Vladimir Putin be invited back into the group despite his refusal to meet demands for Moscow to stay out of Ukraine.

Artist behind sculpture depicting world leaders hopes they'll see it as they arrive for summit, and then do something to tackle the world's mountains of e-waste.

The cable car fell near the summit of the Stresa-Mottarone line in the Piedmont region. At least 11 people were on board at the time, Sky News said.

A global health summit that underlined the growing disparity between rich and poor countries during the pandemic closed Friday with pledges by pharmaceutical companies to deliver more than 1.3 billion doses of COVID-19 vaccines to low- and middle-income countries this year. Italian Premier Mario Draghi, host of the Rome summit that brought together the Group of 20 and the European Union’s executive arm, called the contributions by private companies “significant and staggering.” The pledges made include 1 billion doses from American pharmaceutical company Pfizer and German company BioNTech’s, 200 million from Johnson & Johnson and 100 million from Moderna.

Israeli Prime Minister Benjamin Netanyahu has warned Gaza’s militant Hamas rulers against any further rocket attacks following a cease-fire. In a speech hours after the truce took effect on Friday, he said, “if Hamas thinks we will tolerate a drizzle of rockets, it is wrong.” Israel and Hamas fought an 11-day war, their fourth since the Islamic militant group seized power in Gaza from rival Palestinian forces in 2007.

More than 1,200 migrants in several decrepit, overcrowded fishing boats on Sunday reached a tiny Italian island in a span of 12 hours, as human traffickers exploited calm seas and warm weather to launch multiple vessels, the mayor said. The first of the migrants arrived at 5 a.m., Lampedusa Mayor Salvatore Martello told Sky TG24 TV at 5 p.m. It was the biggest number of migrants to come ashore this year in a single day at an Italian port this year. Italian news reports said Italian coast guard and customs police boats escorted the vessels to Lampedusa after they were spotted in the Mediterranean a few miles offshore.

British tourists will be able to holiday in Italy from the second half of this month without having to quarantine, the government has indicated. Visitors will have to demonstrate that they have either been vaccinated against Covid-19, they have recently tested negative, or they have had the virus in the past and now have immunity. The Italian government has not yet decided whether it will require a rapid antigen test or a more thorough molecular test. Mario Draghi, the prime minister, announced that Italy was opening up to the world at the end of a meeting of tourism ministers from the Group of 20 wealthy nations. A government source said the health ministry would soon formally announce that Italy’s five-day quarantine rule would be scrapped for visitors who can show that they are negative, vaccinated or immune. Italy will not wait until Brussels introduces an EU-wide coronavirus health pass scheme, the prime minister said. “Waiting for the European certificate... we have a national green pass that will enable people to move from region to region and will be operational by mid-May, so let us not wait until mid-June for the EU pass,” Mr Draghi said. “In mid-May tourists can have the Italian pass... so the time has come to book your holidays in Italy. “Few countries are as closely intertwined with tourism as Italy. The world longs to travel here. Italy is ready to welcome back the world. Our mountains, our beaches, our cities and our countryside are reopening.”

A vial of the Oxford University/AstraZeneca COVID-19 vaccine is seen at the Lochee Health Centre in Dundee, Scotland, Britain January 4, 2021. Andy Buchanan| Pool | ReutersLONDON — France and Italy say they are ready to quickly restart inoculation programs with the AstraZeneca vaccine if regulators confirm it's still safe to use. It added that in the event of a positive conclusion by the EMA, France and Italy were ready "to promptly restart" inoculations with the vaccine. Since then, more countries have reported cases of blood clots and an unusual number of platelets in a few patients. The EMA said Tuesday that there is "no indication" so far that the reports of blood clots were directly caused by the vaccine.

Rome — A year after COVID-19 struck Italy, more than half of the country's residents were set to be placed back under hard lockdown restrictions from Monday, March 15 at least through Easter. Restrictions are being tightened in response to yet another rise in case numbers — Italy is entering a third wave of coronavirus infections. medical staff tend to a patient in the COVID-19 unit of the Bolognini hospital in Seriate, Bergamo, Italy, March 12, 2021. MIGUEL MEDINA/AFP/GettyItaly was the first country in the world to implement a nationwide lockdown last winter, when it was the nation at the epicenter of the pandemic. The country's inoculation campaign began in late December, but like other European nations it has suffered delays in the distribution process.

(Photo by Alexander Pohl/NurPhoto via Getty Images) Alexander Pohl NurPhoto via Getty ImagesLONDON — The head of Germany's public health agency on Friday warned that a third wave of coronavirus infections has already begun. German Chancellor Angela Merkel had previously warned the country could be caught in a third wave of infections if restrictive public health measures were lifted too quickly. Italy, meanwhile, is reportedly set to impose another near national lockdown over the Easter weekend in an effort to curb the spread of the virus. The move, which is expected to be signed into law on Friday, comes just over a year after it became the first country in the world to impose nationwide lockdown measures. Wieler said he was "very worried" about the public health crisis.

Christine Lagarde is speaking in Frankfurt, Germany, for her first press conference as president of the European Central Bank. The former International Monetary Fund chief took the helm at the euro zone's top financial institution last month. Analysts say she will also likely need to mend divisions at the bank over its recent policy measures under former President Mario Draghi. Global central banks have been easing mode this year, as the headwinds of U.S.-China trade tensions and signs of economic weakness grip businesses and investors. Investors are likely to monitor Lagarde's presser for any signs as to the bank's outlook for the euro zone and forward guidance.