James's Feed
May 27, 2015
via FaithWorld

Vatican bank profits rise as pope’s clean-up campaign continues

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(An exterior view of the tower of the Institute for Works of Religion (IOR) in Vatican City in 2011. REUTERS/Stringer)

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.

May 25, 2015

Vatican bank profits rise as clean up continues

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.

May 17, 2015

Renzi’s forced pension payout makes Italy’s budget task harder

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.

May 17, 2015
via FaithWorld

Pope Francis names two Palestinian nuns as Catholic saints

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(A t-shirt with the pictures of the two Palestinian nuns being canonised before Pope Francis leads a ceremony for the canonisation of four nuns at Saint Peter’s square in the Vatican City, May 17, 2015. REUTERS/Tony Gentile)

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.

May 17, 2015
via FaithWorld

Pope Francis extends his agenda of change to Vatican diplomacy

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(Pope Francis (R) embraces Palestinian President Mahmoud Abbas at the end of the ceremony for the canonisation of four nuns at Saint Peter’s square in the Vatican City, May 17, 2015. REUTERS/Tony Gentile)

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.

May 1, 2015

Italy opens Expo 2015 launch amid doubts, protests

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
and recession.

May 1, 2015

Italy hopes Expo 2015 launch will lift doubts, avoid trouble

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.

Apr 24, 2015

Italian judge orders migrant boat accused to remain in custody

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.

Apr 24, 2015

Tunisian accused in migrant boat disaster appears in Italian court

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.

Apr 23, 2015

Murder and abuse before deadly migrant crossing

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.