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Report suggests long-term worries for Vatican finances
A new analysis of the Vatican’s finances by an Italian news outlet contains both good and bad news, pointing to relative success in efforts to contain ballooning deficits but also seemingly irreversible long-term declines. Source: Crux.
Vatican continues expenditure reforms with release of new documents
Continuing the long-running updating of laws and norms regarding Vatican expenditures and processes for awarding contracts, Pope Francis issued two documents yesterday. Source: OSV News.
Notre Dame and trailblazer help women get down to business
The University of Notre Dame Australia is partnering with businesswoman Donny Walford to empower women by giving them the skills to make smart decisions with money and tools to climb the career ladder.
Richest 5 per cent hold one-third of country’s wealth, report reveals
Australia’s wealth gap has continued to grow over the past two decades, with superannuation and property investment driving inequality across the country, a new report has revealed. Source: The Guardian.
Vatican investment office reports $55m profit for 2022
The Vatican investment office made 32.27 million euros (about $A55 million) in profit in 2022 and contributed the entire amount to the Vatican’s operating budget, said Bishop Nunzio Galantino, president of the Administration of the Patrimony of the Holy See. Source: NCR Online.
Vatican Bank reports increased profit, recovery of stolen funds
The Institute for the Works of Religion, often referred to as the Vatican Bank, made a net profit of 29.6 million euros (about $A47.5 million) in 2022, a 63 per cent increase from the profit reported in the previous year (18.1 million euros), according to its annual report. Source: NCR Online.
Chalmers taps banks and super to fix social disadvantage
Federal Treasurer Jim Chalmers is working on plans to attract banks and superannuation funds to set up a social impact investing fund in the May Budget to tackle “entrenched disadvantage”. Source: Australian Financial Review.
Vinnies welcomes new protections for vulnerable consumers
The St Vincent de Paul Society has welcomed the Senate’s passage of reforms to protect consumers from spiralling debt through payday loans and consumer leases.
Vatican offers guidelines for ethical investing
No investment of money is morally neutral; “either God’s kingdom is being advanced by the assets we deploy, or it is being neglected and undermined”, said a new Vatican document. Source: Franciscan Media.