ROME, May 25 (Reuters) – The Vatican bank posted a sharp
rise in net profit in 2014 after absorbing the costs of a clean
up that hit earnings the year before as part of a wide-ranging
drive to tighten financial governance and eliminate abuse, a
statement showed on Monday.
The bank, formally known as the Institute for Religious
Works (IOR), has toughened regulatory standards and closed
thousands of accounts, which were either inactive or deemed not
to meet new standards required of clients.
ROME (Reuters) – Italy will pay out an extra 2 billion euros ($2.29 billion) to pensioners in August to respect a ruling from the constitutional court which overturned part of a landmark 2012 reform, Prime Minister Matteo Renzi said on Sunday.
Last month’s ruling by the court has posed a major headache for Renzi’s government, which has struggled to keep public finances within the limits of European Union budget rules.
Pope Francis named two Palestinian women as saints on Sunday, in a ceremony in Saint Peter’s Square just days after the Vatican formalized its de facto recognition of the State of Palestine.
Pope Francis’ hard-hitting criticisms of globalization and inequality long ago set him out as a leader unafraid of mixing theology and politics. He is now flexing the Vatican’s diplomatic muscles as well.
MILAN, May 1 (Reuters) – Italy opened the Milan Expo on
Friday, torn between hopes the showcase of global food, culture
and technology will lift a gloomy national mood and fears it
will be overshadowed by scandal, delays and protests.
Prime Minister Matteo Renzi, counting on the Expo to
reinforce fragile signs of economic recovery, says the event
will be a test for the future of Italy after years of stagnation
MILAN (Reuters) – Italy opens the Milan Expo on Friday, torn between hopes that the showcase of global culture and technology will cheer up a gloomy national mood and fears that it will be overshadowed by scandal, delays and street protests.
Prime Minister Matteo Renzi, who is counting on the Expo to reinforce fragile signs of economic recovery, says the event will be a litmus test for the future of Italy after years of stagnation and recession.
CATANIA, Italy (Reuters) – An Italian judge on Friday ordered that the presumed captain of a migrant boat that sank with the loss of more than 700 lives should remain in custody after prosecutors asked for him to be charged with multiple homicide and people-trafficking.
Mohammed Alì Malek, 27, denies that he was in charge of the heavily overloaded fishing boat that capsized off Libya late on Saturday with hundreds of African and Bangladeshi migrants locked in its lower decks.
CATANIA, Italy (Reuters) – The presumed captain of a migrant boat that sank off Libya with the loss of more than 700 lives appeared before an Italian judge on Friday after prosecutors asked that he be charged with homicide and people-trafficking.
Mohammed Alì Malek, 27, has denied that he was in charge of the heavily overloaded fishing boat that capsized shortly before midnight on Saturday with hundreds of African and Bangladeshi migrants locked in its lower decks.
CATANIA, Italy (Reuters) – Italian investigators are piecing together a picture of beatings and abuse that hundreds of Africans and Bangladeshis suffered before setting sail from Libya to Italy, only to drown late on Saturday in one of the worst migrant shipwrecks ever in the Mediterranean.
Among the testimonies prosecutors have gathered from 28 survivors are recollections of several people being beaten to death by people-traffickers in a Tripoli farmhouse as they waited to set sail. One man was killed when he stood up on a rubber dinghy without permission, the prosecutors said.
CATANIA, Italy (Reuters) – Italian prosecutors blamed the captain of a grossly overloaded fishing boat for a collision which capsized and sank his vessel off Libya, drowning hundreds of migrants including many women and children locked below deck.
The few survivors of Sunday’s tragedy told investigators how the African and Bangladeshi migrants, among hundreds of thousands trying to escape war and poverty, had waited up to a month in Libya before the boat set sail for Europe. One said he had suffered a beating at the hands of people traffickers.