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☆ Vatican Bank fires couple whose marriage breached new workplace ban
▼ + stars: | 2024-10-03 | by ( Jack Guy | Christopher Lamb | ) edition.cnn.com time to read: +2 min

CNN —The Vatican Bank has fired two employees whose recent wedding violates a newly-introduced ban on marriages between staff. The bank said that its policy is designed to prevent conflicts of interest at an institution with only around 100 employees, all of whom work at the same location. Sgro said the couple, who have three children, were told that their employment had been terminated on October 1. The Vatican Bank has a history of financial scandals and in 2013 Pope Francis set up an expert committee to recommend reforms to the economic and administrative structures of the Holy See to combat the problem. He’s the first cardinal to be convicted and sentenced by a Vatican court.

Persons: Laura Sgro, Sgro, Pope Francis, Gian Franco Mammi, Angelo Caloia, Giovanni Angelo Becciu, Becciu Organizations: CNN, Vatican Bank, Institute, Vatican

☆ Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +9 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. Notably absent are any dioceses in the U.S.Reuters reviewed the financial reports published by two dozen of the nation's more than 170 Catholic dioceses, including several of its largest, and found that few provide details on specific investments. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Remo Casilli, Dan DiLeo, Peter Marlow, Anne, Marie Welsh, William Lori, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

☆ Insight: Defying Pope's calls for climate action, US Catholic bishops cling to fossil fuels
▼ + stars: | 2023-11-29 | by ( Richard Valdmanis | ) www.reuters.com time to read: +10 min

The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. A CCF official said energy and fossil fuels stocks make up between 3.5% and 6% of archdiocese investment funds, and that CCF uses its shareholder status to press for corporate environmental improvements. He called the enormous financial gains by oil companies "immoral profits."

Persons: Pope Francis, Dan DiLeo, Peter Marlow, Remo Casilli, Anne, Marie Welsh, William Lori, Bernard Hebda, Saint, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Minneapolis, Catholic Community Foundation of Minnesota, CCF, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Saint Paul, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney

VATICAN CITY (AP) — Two Vatican trials are coming to a head this week and posing uncomfortable questions for the Holy See, given they both underscore Pope Francis’ power as an absolute monarch and the legal, financial and reputational problems that can arise when he wields it. The rationale: The pope hired Milone and then wanted him out, and the court has no right to judge his decisions. For Vatican prosecutors, that amounted to extortion. The Vatican is the lone absolute monarchy left in Europe, with Francis wielding supreme legislative, executive and judicial power. While he delegates that power on a day-to-day basis, he is still pope and what he says goes.

Persons: Pope Francis ’, Libero Milone, Francis, “, ”, Milone, Vatican, Gianluigi, Rene Bruelhart, Tommaso Di Ruzza, didn’t, Monsignor Edgar Pena Parra, Torzi, Pena Parra, Bruelhart, Filippo Dinacci, Di Ruzza, Roberto Borgogno, Di Ruzza's, –, Filippo Di Giacomo, Francis ’ Organizations: VATICAN CITY, Vatican, ” Prosecutors, Prosecutors, Islamic, RAI Locations: London, British, Torzi, Britain, Luxembourg, Vatican, Europe

Before he was fired by Pope Francis over another issue, Becciu was one of the most powerful men in the Vatican. The Vatican sold the building last year, taking an estimated loss of about 140 million euros. The others on trial include several Vatican employees and two outside brokers who the Vatican has accused of extortion. He asked the court to confiscate 172 million euros of Mincione's assets and 71 million euros of Torzi's. At the time of Becciu's firing, he was also stripped of what the Vatican then said were his "rights associated with being a cardinal".

Persons: Becciu, Cardinal Angelo Becciu, Pope Francis, Alessandro Diddi, Diddi, Raffaele Mincione, Rene Bruelhart, Tommaso Di Ruzza, Cecilia Marogna, Phil Pullella, Andrew Heavens, Toby Chopra, Alison Williams Organizations: VATICAN CITY, Vatican, of State, Vatican's Financial Intelligence, Thomson Locations: London, Vatican, Swiss, Mali, al Qaeda

☆ The life and times of Pope Francis as he marks his 10th anniversary as pontiff
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +9 min

[1/3] Pope Francis greets people as he attends the weekly general audience in St. Peter's square at the Vatican, March 8, 2023. REUTERS/Guglielmo MangiapaneVATICAN CITY, March 8 (Reuters) - Following are some of the major events of the life and ministry of Pope Francis, who marks the 10th anniversary of his election as pontiff on March 13. 2017Jan. 2 - Pope Francis says in a letter bishops must show zero tolerance to clergy who sexually abuse children. May 18 - In unprecedented move, all Chile's bishops offer to resign after attending crisis meeting with Pope Francis. In March 2022, he introduces a reform saying Catholic women could in future take charge of most departments.

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