Philip's Feed
Aug 14, 2014

Pope sends good will message to China; arrives in South Korea

SEOUL (Reuters) – Pope Francis arrived in the South Korean capital Seoul on Thursday after sending an unprecedented message of good will to China as he flew over the country that does not allow its Catholics to recognize his authority.

Francis will spend five days in South Korea, meeting some of the country’s five million Catholics on the first trip by a pontiff to Asia since 1999.

Aug 12, 2014

Pope’s South Korea trip gives opportunity to reach out to China

VATICAN CITY (Reuters) – On his way to South Korea, Pope Francis will get a rare opportunity to directly address China’s leadership as he flies over the country, whose communist government does not allow Catholics to recognize his authority.

The pope, who leaves Rome on Wednesday, always sends telegrams to the leaders of countries as he passes through their airspace. The routine messages rarely make news, but this time there is keen expectation for what the pope will say to China.

Aug 7, 2014
via FaithWorld

Vatican bank’s TV investment loss showed Cardinal Bertone’s power

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(The Vatican State Secretary Cardinal Tarcisio Bertone prays as Pope Benedict XVI meets youths in Bkerke in Harissa, near Beirut September 15, 2012. REUTERS/ Stefano Rellandini )

Two years ago, the Vatican bank invested 15 million euros in an Italian television company that makes family movies, including films about popes and a series about a bike-riding country priest who helps police solve crimes.

Aug 4, 2014

Insight – Vatican bank’s TV investment loss showed cardinal’s power

VATICAN CITY (Reuters) – Two years ago, the Vatican bank invested 15 million euros in an Italian television company that makes family movies, including films about popes and a series about a bike-riding country priest who helps police solve crimes.

The Vatican’s then Secretary of State Tarcisio Bertone ordered the investment in Lux Vide SpA, which he said shares the Holy See’s “lofty goal of evangelisation”.

Aug 4, 2014

Vatican bank’s TV investment loss showed cardinal’s power

VATICAN CITY (Reuters) – Two years ago, the Vatican bank invested 15 million euros in an Italian television company that makes family movies, including films about popes and a series about a bike-riding country priest who helps police solve crimes.

The Vatican’s then Secretary of State Tarcisio Bertone ordered the investment in Lux Vide SpA, which he said shares the Holy See’s “lofty goal of evangelization”.

Jul 14, 2014
via FaithWorld

Pope Francis says about two percent of Catholic priests are pedophiles: paper

Photo

(Pope Francis signs an autographs on one of his books as he arrives to lead a prayer in Isernia, south of Italy, July 5, 2014. REUTERS/Ciro De Luca)

About two percent of Roman Catholic clerics are sexual abusers, an Italian newspaper on Sunday quoted Pope Francis as saying, adding that the pontiff considered the crime “a leprosy in our house”.

Jul 9, 2014

Vatican restructures scandal-hit bank, vows transparency

VATICAN CITY, July 9 (Reuters) – The Vatican on Wednesday
said it would separate its bank’s investment business from its
Church payments work to try to clean up after years of scandal,
and vowed to become a “model of financial transparency”.

French businessman Jean-Baptise de Franssu was named as the
new head of the bank, officially known as the Institute for
Works of Religion (IOR), succeeding German lawyer Ernst Von
Freyberg, who has run the bank since February 2013.

Jul 9, 2014

Vatican restructures scandal-hit bank, French financier is new head

VATICAN CITY, July 9 (Reuters) – The Vatican said on
Wednesday it will separate its bank’s investment business from
its Church payments work to try to clean up after years of
scandal including allegations of money laundering and tax
evasion.

French businessman Jean-Baptise de Franssu was named as the
new head of the bank, officially known as the Institute for
Works of Religion (IOR), succeeding German lawyer Ernst Von
Freyberg, who has run the bank since February 2013.

Jul 9, 2014

Britain’s Patten to lead Vatican communications re-vamp drive

VATICAN CITY, July 9 (Reuters) – Former Hong Kong Governor
Chris Patten will head a committee to advise Pope Francis on how
to re-vamp and modernise the Holy See’s media strategy, the
Vatican said on Wednesday.

Patten, 70, one of Britain’s most experienced politicians,
will be president of an 11-member committee made up of six
experts from around the world and five Vatican officials.

Jul 8, 2014
via FaithWorld

Vatican bank clean-up and account closures wipe out 2013 profit

Photo

(The Institute for Works of Religion (IOR), or Vatican bank, is located in the round tower at the right in this view of Vatican City in 2011. REUTERS/Stringer)

The Vatican bank has blocked the accounts of more than 2,000 clients and ended some 3,000 “customer relationships” as part of a clean-up process that nearly wiped out its profit, its 2013 financial statement showed on Tuesday.