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☆ Vatican investigation of secretive society in Peru brings fresh hope for victims
▼ + stars: | 2024-05-31 | by ( Claudia Rebaza | ) edition.cnn.com time to read: +11 min

CNN —Like many victims of sexual abuse, it took years for Santiago to acknowledge that he was raped as a teenager. I come here to tell the truth because the authorities have not allowed me to speak,” Figari told reporters in Rome. At the age of 15, Figari told him he had great mental powers and offered to train him in ancient techniques, Santiago said. Years later, Santiago first reported his abuse to SCV members and filed a complaint against Figari at Lima’s Archdiocesan Tribunal in 2011. “I felt privileged, I felt listened to … (with) that phone call,” Santiago told CNN about when he first learned the Pope’s envoys wanted to meet him.

Persons: Santiago, “, ” Santiago, Sodalitium, Luis Fernando Figari, Figari, ”, Archbishop Charles Scicluna, Jordi Bertomeu, Pope Francis, Cristiana's, José David Correa, Holy, Charles J, Scicluna, Vida Cristiana, White, Pedro Salinas, Salinas, Paola Ugaz, ” Figari, Martin Mejia, Young, Oscar Osterling, Superior Jose David Correa, Peru’s, Dr, Jose Ugaz, “ Sodalitium, ” Salinas, Peruvian Cardinal Pedro Barreto, Pope, Chris Lamb, online.rainn.org Organizations: CNN, Catholic, Vatican, Military, SCV’s, Superior, Figari, Peruvian, Canon Law Locations: Peru, Santiago, Vatican City, Lima, Mons, America, Peruvian, Salinas, Rome, Italy, Lima , Peru, Lima’s

☆ Here's what 12 European Central Bank members said about interest rates this week
▼ + stars: | 2024-04-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

The ECB opted to hold rates steady in April and next meets to vote on monetary policy on June 6. Christine Lagarde, president of the ECBThe ECB's figurehead delivered a firm message that reflected her statements in recent press conferences: markets should expect an interest rate cut soon, barring major surprises. watch nowGabriel Makhlouf, governor of the Central Bank of IrelandMakhlouf said the most recent data sets had shifted his view on rates. "We don't follow the Fed... and now the ECB will be the central bank to be followed," Šimkus said. One could have cut rates way back in March or even April," he continued, adding that he hoped a majority of Governing Council members would back a June cut.

Persons: Kirill Kudryavtsev, Christine Lagarde, Lagarde, CNBC's Sara Eisen, Galhau, Villeroy, Karen Tso, Joachim Nagel, Germany's, Nagel, Robert Holzmann, Mario Centeno, Centeno, Gabriel Makhlouf, Central Bank of Ireland Makhlouf, we've, Makhlouf, Pierre Wunsch, Wunsch, Boris Vujčić, Jerome Powell, Vujčić, Gediminas Šimkus, Bank of Lithuania Šimkus, Šimkus, Edward Scicluna, Central Bank of Malta Scicluna, Kazāks, Bank of Latvia Kazāks, Olli Rehn, Rehn Organizations: Afp, Getty, International, European Central Bank, CNBC, ECB, Bank of France, Council, Austrian Central Bank One, Bank of Portugal, Central Bank of Ireland, National Bank of, Croatian National Bank, Federal, U.S, Bank of Lithuania, Central Bank of, Governing, Bank of Locations: Frankfurt, Germany, New York, ECB's, National Bank of Belgium, U.S, Europe, Central Bank of Malta, Bank of Latvia, Bank of Finland

☆ June is 'most probable' for first interest rate cut, ECB's Scicluna says
▼ + stars: | 2024-04-18 | 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 EmailJune is 'most probable' for first interest rate cut, ECB's Scicluna saysEdward Scicluna, governor of the Central Bank of Malta and ECB policymaker, discusses the prospect of a rate cut at the central bank's next meeting.

Persons: ECB's Scicluna, Edward Scicluna Organizations: Central Bank of Malta, ECB policymaker

☆ Malta PM Turns up at Farmers’ Protest to Hear Complaints
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

VALLETTA (Reuters) - Farmers in Malta staging a demonstration on Friday against EU agricultural policies as part of Europe-wide protests were surprised when Prime Minister Robert Abela turned up in person to hear their complaints. The farmers drove tractors and trucks from a vegetable market in the centre of the tiny Mediterranean island to Floriana, a town near the capital Valletta, waving banners and placards that accused the EU of "killing its own farmers". "No farmers, no food, no future," read one placard attached to a tractor. Farmers have also protested in several European capitals and blocked streets in Brussels on Thursday while EU leaders were holding a meeting there. On Friday farmers blocked the Dutch-Belgian border and occupied roads in Greece, though French farmers started lifting their blockades after the government in Paris made concessions.

Persons: Robert Abela, Christopher Scicluna, Gareth Jones Organizations: Reuters, Farmers, European Union Locations: VALLETTA, Malta, Europe, Floriana, Valletta, Brussels, Belgian, Greece, Paris

☆ Ukraine holds peace formula talks in Malta, Russia absent
▼ + stars: | 2023-10-28 | by ( Christopher Scicluna | ) www.reuters.com time to read: +4 min

Without Russia, which criticized Malta for hosting the talks after smaller ones this year in Jeddah and in Copenhagen, Zelenskiy said he longed for a day when human history "is the history of peace only." Officials said they hoped for the outcome of the weekend's gathering, partly in person, partly virtual, to be agreement to hold a global peace summit later this year. No official list of delegates to the talks was issued, but officials said they included representatives of European, South American, Arab, African and Asian countries. Simon Mordue of the European Council and Bjorn Seibert of the European Commission represented the EU, the official said. The parties would take necessary preparatory steps for a possible peace summit in future with no exact date yet fixed, the official said.

Persons: Alexander Ermochenko, Volodymyr Zelenskiy, Zelenskiy, Ian Borg, Borg, Simon Mordue, Bjorn Seibert, Christopher Scicluna, Elaine Monaghan, Andrew Gray, Olena, David Evans, Mike Harrison Organizations: REUTERS, Rights, United Nations, YouTube, Malta's, European Union, United, United Arab Emirates, European, European Commission, EU, Thomson Locations: Russia, Ukraine, Donetsk, Russian, Rights VALLETTA, Malta, Israel, Kyiv, Jeddah, Copenhagen, China, Egypt, United Arab, Armenia, Mexico, Washington, Brussels

☆ Maltese rescue team finds 'hundreds' of dead on Libyan beach
▼ + stars: | 2023-09-16 | by ( Christopher Scicluna | ) www.reuters.com time to read: +1 min

[1/2] Rescuers search for dead bodies at a beach, in the aftermath of the floods in Derna, Libya September 16, 2023. REUTERS/Ayman Al-Sahili/File Photo Acquire Licensing RightsVALLETTA, Sept 16 (Reuters) - A Maltese rescue team found hundreds of dead bodies on a beach in the flood-stricken Libyan city of Derna on Friday, the Malta Civil Protection Department said on Saturday. "There were probably about 400, but it is difficult to say," Natalino Bezzina, who is leading the Maltese team, told the Times of Malta newspaper. Bezzina told Maltese media that a small CPD team came across the cave that was half submerged and found bodies inside. Then they came across a small bay filled with debris and several hundred dead bodies.

Persons: Ayman Al, Bezzina, Storm Daniel, Ros Russell Organizations: REUTERS, Rights, Malta Civil Protection Department, Maltese, Times, CPD, Libyan, Thomson Locations: Derna, Libya, Rights VALLETTA, Maltese, Libyan, Malta, Storm

☆ Dollar eases as China deflation lures investors into risk assets
▼ + stars: | 2023-08-09 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

LONDON, Aug 9 (Reuters) - The dollar eased on Wednesday after data showed the Chinese economy slipped into deflation last month, which upped the chances for the government to roll out extra stimulus measures and nudged investors into risk assets. Dollar selling by state-owned Chinese banks helped the yuan rally from a one-month low, dealers said. The Chinese central bank's stronger-than-expected exchange-rate fixing at 7.1588 per dollar before the open signalled its discomfort with the yuan's recent declines. The dollar index - which measures the performance of the U.S. currency against six others - eased 0.1%, paring some of Tuesday's 0.47% rise. "Chinese inflation data showed that consumer prices have barely moved in July, confirming that the world’s second-largest economy is stalling and may be moving into deflation," he said.

Persons: There's, Ray Attrill, Ricardo Evangelista, Chris Scicluna, Patrick Harker, Raphael Bostic, Michelle Bowman, Kevin Buckland, Brigid Riley, Simon Cameron, Moore, Kirsten Donovan Organizations: National Australia Bank, Federal Reserve, Daiwa Capital, ECB, Bank of England, Philadelphia Fed, Atlanta Fed, Fed, Thomson Locations: China, Tokyo

CNN —Vatican investigators looking into sexual abuse allegations at a Roman Catholic society in Peru have completed the first stage of their audit and will issue a report in the coming months, Vatican spokesman Matteo Bruni told CNN Friday. SCV said its members, who were summoned by the Vatican’s envoys, have “collaborated diligently” and reiterated its commitment to working with the Vatican. Peruvian prosecutors said in the case of sexual abuse, none of the alleged victims came forward and the crime fell under the statute of limitations. A criminal case against Figari and other SCV members, alleging kidnapping, serious psychological injuries, and illicit association to commit a crime, is still ongoing. SCV said in 2017 Figari had been removed from the community, banned from contacting members, and prohibited by Vatican authorities from returning to Peru.

Persons: Matteo Bruni, “, ” Bruni, Pope Francis said, Pope Francis’s, Archbishop Charles Scicluna, Jordi Bertomeu, ”, Luis Fernando Figari, Figari, ” Figari, –, Peru’s, Miguel Cabrejos Organizations: CNN, Vatican, Catholic, de, Cristiana, Peru’s Episcopal Conference Locations: Peru, Peru’s, Lima, America, Rome

☆ Seven Syrians face terror-related charges in Malta
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +1 min

VALLETTA, April 30 (Reuters) - Seven Syrian men were accused in a heavily guarded Maltese court on Sunday of having encouraged and trained others to commit terrorism in Europe. The seven, aged between 21 and 27, were arrested on Saturday in an operation coordinated with the European police agency Europol, the Malta police said. The group are accused of association with an extremist organisation, inciting terrorism through public messages, recruiting or attempting to recruit others to commit terrorism, instructing others on the use of explosives or firearms and attempting to travel to Europe to commit terrorism. They all pleaded not guilty and were remanded in custody at the end of the hearing. Reporting by Christopher Scicluna; Editing by Crispian BalmerOur Standards: The Thomson Reuters Trust Principles.

☆ Banking crisis forces ECB policymakers to rethink rate hikes, but focus still firmly on inflation
▼ + stars: | 2023-04-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

A sign for the European Central Bank (ECB) outside the bank's headquarters in Frankfurt, Germany, on Thursday, Feb. 2, 2023. Alex Kraus | Bloomberg | Getty ImagesEuropean Central Bank policymakers are reconsidering the path of interest rate hikes in light of last month's banking turmoil, but remain committed to reining in core inflation. However core inflation — which excludes volatile energy, food, alcohol and tobacco prices — rose to an all-time high of 5.7%. But he said policymakers will be examining the data for signs that core inflation is coming down and the bank's medium-term inflation target of 2% is within sight. So yes we are worried about the core inflation not yet peaking," Scicluna said.

☆ 'Still some way to go' on ECB interest rate hikes, policymaker says
▼ + stars: | 2023-04-13 | 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 Email'Still some way to go' on ECB interest rate hikes, policymaker saysEdward Scicluna, governor of the Central Bank of Malta, discusses the outlook for European Central Bank interest rate hikes, indicating that further increases are likely.

☆ Boat with 400 migrants adrift between Libya and Malta, support service says
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +2 min

MILAN, April 9 (Reuters) - A vessel with around 400 people on board is adrift between Malta and Libya and is taking on water, support service Alarm Phone said on Sunday, amid a sharp rise of migrant boats crossing the Mediterranean from North Africa. Alarm Phone said on Twitter they had received a call from the boat, which departed from Tobruk, in Libya, last night and that they had informed authorities. But no rescue operation has been launched so far, they added. Alarm Phone said the boat was now in the Maltese Search and Rescue area (SAR). Another NGO, Germany's Resqship, said on Sunday at least 23 migrants died the previous night in the Mediterranean in a separate shipwreck.

☆ Britain, Malta sign deal covering defence, migration
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +2 min

VALLETTA, Feb 10 (Reuters) - Britain and its former Mediterranean colony Malta signed a wide-ranging cooperation agreement on Friday covering areas including security and defence, migration, education, health and trade. The agreement was signed during a short visit to the island by British Foreign Secretary James Cleverly, who met Foreign Minister Ian Borg. Malta gained independence from Britain in 1964 and the two countries have traditionally enjoyed a close friendship. Britain and Malta have worked together on migration. Malta is on the main migration route across the Mediterranean from Libya to Europe, with many migrants then attempting to carry on to the UK.

☆ Malta parliament debates 'abortion law,' protesters hit the streets
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +2 min

"We are here to be the voice of the unborn child," said 19-year-old university student Maria Formosa, one of the speakers at the rally. “Through abortion, life is always lost.”Traditionally Catholic Malta is the only member of the European Union which bans abortion in all circumstances, even when a woman's life or health is endangered by her pregnancy. Her doctors said her life was at risk and she was eventually transferred to Spain where she had an abortion. She later sued the Malta government, calling on the courts to declare that banning abortion in all circumstances breaches human rights. Reporting by Christopher Scicluna; Editing by Alvise Armellini and David HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Euro zone inflation rate eases slightly to 10% as surge in energy prices slows
▼ + stars: | 2022-11-30 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Markets track the latest inflation data out of the euro zone ahead of a new ECB meeting. Inflation in the euro zone slowed slightly in November, according to preliminary figures out Wednesday, with prices coming off record highs and missing analyst expectations. Inflation rose above the 10% mark last month, highlighting the severity of the cost-of-living crisis in the bloc. The initial data Wednesday from Europe's statistics office showed headline inflation at an annual 10% this month — representing a 0.6 percentage point fall from October. Energy and food continued to contribute to the lofty inflation figures, but with a noticeable drop in the former.

☆ Peak inflation in Europe 'is almost within reach,' European Central Bank member says
▼ + stars: | 2022-11-10 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Peak inflation "is almost within reach" in the euro zone, a European Central Bank Governing Council member told CNBC Thursday. These numbers have, however, moved rapidly higher with headline inflation hitting a historic high of 10.7% last month. He cautioned, however, that there are a lot of uncertainties and that the central bank remains data dependent. The European Central Bank is publishing new economic forecasts in mid-December when it gathers for another rate decision. Back in September, the central bank forecast an annual inflation rate of 8.1% this year and of 5.5% for 2023.

☆ Malta to maintain energy prices at pre-COVID levels
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

VALLETTA, Oct 24 (Reuters) - Malta's government said on Monday it would spend 10% of its recurrent expenditure next year to maintain a freeze on energy and fuel prices. Register now for FREE unlimited access to Reuters.com Register"Without this measure, economic growth would have been halved. You would have been asking me how many businesses are expected to close and how high unemployment is expected to reach," Caruana told reporters. "Our economic growth projections are still double the European average," he said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Christopher Scicluna; Editing by Crispian BalmerOur Standards: The Thomson Reuters Trust Principles.

☆ Malta demonstrators mark five years since Daphne Caruana Galizia's murder
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +3 min

People take part in a protest march on the fifth anniversary of the assassination of anti-corruption journalist Daphne Caruana Galizia, in Valletta, Malta October 16, 2022. REUTERS/Darrin Zammit LupiVALLETTA, Oct 16 (Reuters) - Demonstrators in Malta marked five years since the car bomb murder of anti-corruption journalist Daphne Caruana Galizia on Sunday, two days after two brothers admitted to her killing and were each sentenced to 40 years in prison. Many of those present carried pictures of Caruana Galizia and Maltese flags. She said Caruana Galizia was: "A Woman of Steel, because she was a woman of principle, a woman who could tell right from wrong". No government representatives were present at the demonstration but Prime Minister Robert Abela said earlier that Caruana Galizia's death was a dark episode "that we must learn from".

Register now for FREE unlimited access to Reuters.com Register"We have announced that we will be out by the end of this week. "My message to the funds involved and all the firms involved managing those funds: You've got three days left now. Investors are nervous that Friday's halt to the BoE's bond-buying might come too soon for some pension funds. But a BoE spokesperson said it had been made "absolutely clear in contact with the banks at senior levels" that the Friday deadline would hold. On Wednesday, it said it was "closely monitoring" liability-driven investment (LDI) funds, which are key to pension funds, ahead of Friday's deadline.

Governor of the Bank of England, Andrew Bailey, speaks during the Bank of England's financial stability report news conference, at the Bank of England, London August 4, 2022. And what they can't allow is for the bond market to be overly volatile," said Iain Stealey, CIO of fixed income at JPMorgan Asset Management. U.S. and German 30-year borrowing costs are up just 16 and 33 bps respectively , this month and the contrast highlights the scale of selling gripping Britain's bond market. The unprecedented bond market moves triggered hefty collateral calls on hedging strategies that many funds are still struggling to meet. Bond market volatility has also raised doubts about whether the BoE can press ahead with its plan to sell some of its bond holdings, a process known as quantitative tightening (QT).

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