Talk to us

CathNews, the most frequently visited Catholic website in Australia, is your daily news service featuring Catholics and Catholicism from home and around the world, Mass on Demand and on line, prayer, meditation, reflections, opinion, and reviews. And, what's more - it's free!

Finance Vatican

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.

Finance HIgher Education Women

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.

Finance Inequality

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.

Finance Vatican

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.

Finance Vatican

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.

Budget Finance

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.

Charity Finance

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.

Finance Vatican

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.