DIRS.INFO The most relevant business & tech news

☆ Analysis: Italy's Meloni belies radical image in cautious first 100 days
▼ + stars: | 2023-01-26 | by ( Crispian Balmer | ) www.reuters.com time to read: +6 min

But almost 100 days since Meloni took office at the head of the most right-wing government Italy has seen since World War Two, these concerns have largely melted away. "We have seen something of a metamorphosis," said Sofia Ventura, a political science professor at Bologna University. Friend and foe alike say a significant reason for the softly-softly approach is money -- or rather a lack of it. "What happened in the UK shows ... how cautious we have to be with our fiscal and monetary policy mix," EU Commissioner Paolo Gentiloni, a former Italian prime minister, said at the time. VITAL FUNDSAdding to the pressure on Meloni is Italy's dependence on the European Union's recovery and resilience fund.

☆ Davos 2023: Europe must seize catch-up chance - EU's Gentiloni
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +3 min

[1/2] The logo of the World Economic Forum (WEF) 2023 is seen at Davos Congress Centre, in the Alpine resort of Davos, Switzerland, January 16, 2023. REUTERS/Arnd WiegmannDAVOS, Switzerland, Jan 18 (Reuters) - An improved economic outlook gives Europe the chance to double-down on efforts to boost its industrial competitiveness in key sectors from clean energy to semiconductors, EU Economy Commissioner Paolo Gentiloni said on Wednesday. Speaking on the sidelines of the World Economic Forum in Davos, Gentiloni said the bloc could avoid an all-out recession this year and get away with what he called a "limited contraction" of the economy in the first quarter. Gentiloni said that was leading to a new readiness to envisage industrial cooperation at EU level to make the bloc less dependent on others. Reporting by Mark John in Davos; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ We can't afford to have deep differences in Europe, says EU's Gentiloni
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe can't afford to have deep differences in Europe, says EU's GentiloniPaolo Gentiloni, EU commissioner for the economy, joins CNBC at the World Economic Forum 2023 to discuss the need for targeted state aid, how to avoid fragmentation in Europe and how surprised he was by the EU's concerted reaction to Russia's invasion of Ukraine.

☆ The threat of a transatlantic trade war is dominating Davos
▼ + stars: | 2023-01-18 | by ( Silvia Amaro | ) www.cnbc.com time to read: +6 min

Trade tensions between the EU and the US are dominating the talk in Davos. Transatlantic trade tensions are dominating conversations at the World Economic Forum this week. On the one hand, European officials are saying they will come up with more financial support for European firms. On the other hand, the business community is excited about green subsidies stateside and argue the EU needs to match what the U.S. administration is doing. At the same time we have to support our competitiveness," European Commissioner for Economics, Paolo Gentiloni, told CNBC in Davos.

☆ EU Greenlights 15% Corporate Minimum Tax, Advancing Global Deal
▼ + stars: | 2022-12-15 | by ( Paul Hannon | Richard Rubin | ) www.wsj.com time to read: 1 min

Paolo Gentiloni, the EU’s top economy official, called the agreement ‘a win for fairness, a win for diplomacy and a win for multilateralism.’Countries in the European Union are set to start collecting additional taxes in 2024 under a long-stalled global deal to set a minimum rate on company profits, after Hungary and Poland dropped their objections to the move. In October 2021, 137 countries agreed to impose a 15% minimum tax on large companies, paving the way for the most significant overhaul of international tax rules in a century. By imposing the tax in each jurisdiction where a company operates, large countries aim to reduce tax-rate competition and the advantages of operating in a low-tax locale. Getting to that point took years of negotiations that often seemed close to collapse.

☆ Belgium charges four people in European Parliament corruption probe
▼ + stars: | 2022-12-11 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +3 min

Prosecutors searched 16 houses and seized 600,000 euros ($631,800) in Brussels on Friday as part of an investigation into money laundering and corruption. The European Parliament said at the weekend it had suspended the powers and duties of one of its vice presidents, Greek socialist Eva Kaili, in light of the Belgian investigation. Belgian Socialist party member Marc Tarabella confirmed it was his home and that a computer and mobile phone had been taken. "If it were confirmed that someone took money to try to influence the opinion of the European Parliament, it will really be one of the most dramatic stories of corruption in recent years," he added. The European Parliament is due to vote this week on a proposal to extend visa-free travel to the EU for Kuwait, Qatar, Oman and Ecuador.

☆ EU's Gentiloni: We will have a recession this winter
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: 1 min

BRUSSELS, Dec 5 (Reuters) - Europe will fall into a recession this winter and growth will not return before spring, European Economy Commissioner Paolo Gentiloni said on Monday. "We will have a recession this winter," he told reporters before a Eurogroup meeting in Brussels. Reporting by Benoit Van Overstraeten; Editing by Foo Yun CheeOur Standards: The Thomson Reuters Trust Principles.

☆ EU exec revises up 2022 euro zone growth forecast, sees bigger slowdown in 2023
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, Nov 11 (Reuters) - The euro zone economy will grow more than previously expected in 2022, the European Commission forecast on Friday, and decelerate more than previously thought in 2023, but the slowdown will only slightly affect euro zone jobs or public finances. The Commission forecast the euro zone economy would grow 3.2% this year, more than the 2.7% predicted in July, but then slow down sharply to 0.3% growth next year, well below the July forecast of 1.4%, before rebounding 1.5% in 2024. Also the aggregated budget deficit of the euro zone will hardly increase, inching up to 3.7% of GDP in 2023 from 3.5% seen this year and then declining again to 3.3% in 2024. Public debt is to continue falling to reach 92.3% of GDP next year from 93.6% this year and reach 91.4% in 2024. Inflation, while still high, will also decelerate to 6.1% in the euro zone in 2023 from 8.5% this year and slow down further to 2.6% in 2024, the Commission said.

☆ Debt rules in Europe are changing. And that could have big repercussions in the bond markets
▼ + stars: | 2022-11-04 | by ( Silvia Amaro | ) www.cnbc.com time to read: +6 min

The euro zone is to discuss changing its fiscal rules - a task that could have market repercussions. Bloomberg | Bloomberg | Getty ImagesThe euro zone will soon reveal changes to its fiscal rules — a move that could have significant repercussions for government borrowing costs and the region's bond markets. At the same time, Germany and the Netherlands would blame the European Commission for not enforcing the rules with fines. "Interest burden on large public debt to GDP ratios is set to increase significantly in the years ahead. This means that in a optimal scenario, the fiscal rules will be changed from 2024 onward.

☆ Putin's war on energy is testing solidarity between EU nations
▼ + stars: | 2022-10-17 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

"We have never experienced such a challenging experience," Paolo Gentiloni, the EU's economics commissioner, told CNBC on Oct. 12. Gentiloni also referred to a "common tool" that could be used across the EU to help member states combat the energy crisis. "I'm not calling for further common debt," Gentiloni highlights, "because we have a big common debt for what we call next generation EU. Poland, Belgium, Italy and Greece are among the countries proposing a gas "price corridor" across Europe in an attempt to tackle soaring prices. But other countries, including Germany, are thought to oppose the plan over fears that capping prices could have negative impacts on energy security.

☆ 'How's Brexit going?' British politics mocked at home and abroad
▼ + stars: | 2022-10-17 | by ( Gavin Jones | ) www.reuters.com time to read: +4 min

New British finance minister Jeremy Hunt will set out tax and spending measures on Monday, two weeks earlier than scheduled, as he races to stem a dramatic loss of investor confidence in Prime Minister Liz Truss's government. read more"How's Brexit going?" read moreEven Britain's staunchly conservative newspaper the Telegraph, which backed the Brexit referendum, acknowledged in a column on Sunday that its economic goals had failed. "The UK example of how quickly and aggressively markets can turn on you, is likely to keep Italian policy cautious. I am sure Rome is watching carefully what is happening in the UK," one senior euro zone official said.

☆ UK turmoil likely to keep Italian economic policy reasonable -officials
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 14 (Reuters) - The sharp negative market reaction to Britain's plans of tax cuts and large new borrowing is likely to be a stark warning to the emerging new Italian government and other EU countries to keep fiscal policy responsible, senior euro zone officials said. Other officials, speaking on condition of anonymity on the sidelines of the IMF meetings in Washington, were more open. "The UK example of how quickly and aggressively markets can turn on you, is likely to keep Italian policy cautious. I am sure Rome is watching carefully what is happening in the UK," one senior euro zone official said. "The example of the financial turmoil in the UK is diminishing chances of internal financial turmoil in the EU," a second senior euro zone official said.

☆ Treasury's Yellen says Russia's war has weakened its economy 'for years to come'
▼ + stars: | 2022-10-13 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

International Monetary Fund (IMF) Managing Director Kristalina Georgieva (L) and US Treasury Secretary Janet Yellen meet at the Treasury Department in Washington, DC, on July 1, 2021. Treasury Secretary Janet Yellen says Russia's war against Ukraine has weakened its economy and slowed the nation's growth prospects for the foreseeable future. The Treasury secretary hosted a meeting with Valdis Dombrovskis, European Commission executive vice president and trade commissioner, and Paolo Gentiloni, the European commissioner for the economy. The EIU also said a European boycott of Russian oil will further deplete the economy. Sanctions have also effectively rendered Russia dependent on "suppliers of last resort like Iran and North Korea for basic military gear," according to Yellen.

☆ EU's Gentiloni says Germany should commit to not buying energy ahead of other countries
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU's Gentiloni says Germany should commit to not buying energy ahead of other countriesPaolo Gentiloni, the EU's economics commissioner, says Germany should commit to not buying energy ahead of other countries.

The EU issues joint bonds for an up-to 800 billion euro ($879 bln) post-COVID recovery fund, on top of 92 billion euros sold for its SURE unemployment scheme. 3/ How would joint issuance be funded? EU officials calling for joint borrowing said it could resemble the SURE work programme. Since October 2020, the EU has raised just 260 billion euros for the recovery fund and SURE. That means recovery fund issuance may end up lower than 800 billion euros without changes to that programme, denting the EU's ambitions of becoming a top borrower.

☆ EU eyes multi-year fiscal plans that include investment, reform -Gentiloni
▼ + stars: | 2022-10-10 | by ( Jan Strupczewski | ) www.reuters.com time to read: +2 min

Oct 10 (Reuters) - The ongoing reform of EU fiscal rules could give governments more leeway in plans that combine debt cuts with investment and reforms, in exchange for greater accountability, the EU's Economic Commissioner Paolo Gentiloni said on Monday. Speaking to an insurance conference in Rome, Gentiloni said the European Commission would present proposals on how to reform the rules, called the Stability and Growth Pact, in October. Gentiloni said the medium-term plans could include pledges of investment and reform that are in line with the EU's and national goals, like in the plans each government had to prepare to get money from the EU post-pandemic recovery fund. "Reform and investment commitments could allow for a longer fiscal adjustment period," Gentiloni said, but added that in exchange for the bigger flexibility, governments would then be held accountable for the results. "A greater ex ante national ownership of the design of fiscal trajectories could be balanced by a stronger ex post enforcement at EU level," he said.

☆ Confident EU council will introduce gas cap in October, Paolo Gentiloni says
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConfident EU council will introduce gas cap in October, Paolo Gentiloni saysPaolo Gentiloni, the EU's commissioner for the economy, speaks to CNBC's Annette Weisbach at the 2022 Atlantic Council.

☆ Comisia Europeană a îmbunătăţit semnificativ previziunile de creştere a economiei pentru 2021 și 2022
▼ + stars: | 2021-07-08 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Comisia Europeană a îmbunătăţit semnificativ previziunile de creştere a economiei pentru 2021 și 2022. În acest sens, comisia a anunțat că economia va crește cu 4,8% anul acesta și cu 4,5% în următorul. Anul trecut, economia UE a suferit o contracție de 6%, cea mai gravă de la fondarea ei. În total, 12 țări din UE își vor compensa toate pierderile pe parcursul acestui an, printre care statele Baltice, Slovacia, Polonia, România, Ungaria și Suedia. Totuşi, comisarul european al economiei, Paolo Gentiloni, a avertizat că cetățenii UE trebuie să continuie să se vaccineze pentru a evita o nouă prăbușire.

Persons: Paolo Gentiloni Organizations: Comisia Europeană, UE Locations: Baltice, Slovacia, Polonia, România, Ungaria, Suedia, UE

☆ UE vrea să îşi reducă dependenţa de dolarul american şi de alte centre financiare
▼ + stars: | 2021-01-20 | by ( ) www.jurnal.md time to read: +5 min

Al doilea pilon vizează dezvoltarea în continuare a infrastructurilor pieţei financiare a UE şi îmbunătăţirea rezilienţei acestora, inclusiv în ceea ce priveşte aplicarea extrateritorială a sancţiunilor de către ţările terţe. Comisia va institui, de asemenea, un grup de lucru care va evalua eventualele chestiuni tehnice legate de transferul către contrapărţi centrale situate în UE a contractelor financiare exprimate în euro sau în alte monede ale UE compensate în afara UE. Cel de-al treilea pilon are în vedere promovarea în continuare a punerii în aplicare şi a executării uniforme a sancţiunilor impuse de UE. Comisia se va asigura, de asemenea, că fondurile UE acordate ţărilor terţe şi organizaţiilor internaţionale nu sunt utilizate încălcându-se sancţiunile UE. Având în vedere că monitorizarea armonizată a sancţiunilor UE este un aspect important, Comisia va institui un sistem specific care va permite raportarea anonimă a eludării sancţiunilor, inclusiv avertizarea în interes public.

Persons: Paolo Gentiloni Organizations: Comisia Europeană, Uniunea Europeană, Reuters, Agerpres, Centrale Europene, BCE, UE Locations: american, UE, Europei

☆ UE oferă noi preferințe comerciale Republicii Moldova
▼ + stars: | 2020-08-27 | by ( ) subiectulzilei.md time to read: +1 min

Comisia Europeană a adoptat un pachet de propuneri care vizează intensificarea schimburilor comerciale dintre Uniunea Europeană și țările învecinate din regiunea pan-euro-mediteraneană (PEM), inclusiv Republica Moldova, contribuind astfel la redresarea economică în urma epidemiei de coronavirus. Comisarul european pentru economie, Paolo Gentiloni, a declarat că Bruxellesul trebuie să facă tot ce poate pentru a facilita schimburile comerciale și activitatea economică dintre UE și vecinii săi în zona euro-mediteraneană și să promoveze integrarea regională. Acest pachet cuprinde 21 de propuneri care vor oferi reguli de origine mai ușor de utilizat în acordurile comerciale ale UE cu majoritatea țărilor sale învecinate. Este vorba despre praguri pentru valoarea adăugată locală mai adaptate la nevoile de producție ale UE și o nouă transformare dublă pentru produsele textile; majorarea pragurilor de toleranță pentru materialele neoriginare de la 10 % la 15 %; introducerea cumulului „integral”, potrivit căruia operațiunile de fabricare necesare pentru dobândirea originii, pentru majoritatea produselor, pot fi împărțite între mai multe țări și posibilitatea rambursării taxelor vamale pentru majoritatea produselor pentru a consolida competitivitatea exportatorilor din UE.

Persons: Paolo Gentiloni Organizations: Comisia Europeană, Uniunea Europeană Locations: Republica Moldova, UE

Search resuls for: "Paolo Gentiloni"

20 mentions found