National Catholic Reporter

The Independent News Source

Vatican

Vatican bank posts large profit, continues review of account holders

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The Institute for the Works of Religion, commonly known as the Vatican bank, showed a large jump in profits in 2014 as it continued to winnow its accounts.

The institute reported a net profit of 69.3 million euros ($75.5 million) in 2014 compared to a 2013 net profit of 2.9 million euros.

The bulk of the profit, 55 million euros, was given to the Holy See for its operating costs.

TV and Internet? Meh. What Pope Francis really misses are pizza outings

Pope Francis told an Argentine newspaper that he never watches TV or logs on to the Internet and, perhaps not surprisingly, sleeps well.

Speaking to the newspaper La Voz Del Pueblo, the pope reflected on the little over two years since he was thrust into the global limelight.

He said the swift transition from being archbishop of Buenos Aires, Argentina, to leader of the world's 1.2 billion Catholics was somewhat of a shock.

Vatican decision to recognize Palestine upsets Israeli government, Jewish advocacy groups

The Vatican's decision to recognize Palestine as a sovereign state on Wednesday angered Israeli officials.

The move comes four days before the canonization of two Palestinian nuns and solidifies the standing of Palestinian President Mahmoud Abbas, who is scheduled to meet with Pope Francis at the Vatican on Saturday.

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August 28-September 10, 2015

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