Pope Francis warned Monday that the world risks having an entire generation of jobless young people as he arrived to Brazil. The 76-year-old Argentine, speaking to journalists aboard the papal plane heading to the Catholic youth event in Rio de Janeiro, said his trip aimed in part “to encourage young people to integrate into society” and convince the world not to abandon them.
The Duchess of Cambridge has given birth to a baby boy, Kensington Palace has announced. The baby was delivered at 16:24 BST at St Mary's Hospital in Paddington, west London, weighing 8lb 6oz.
Pope Francis is due in Brazil Monday on his first foreign trip as pontiff to attend an international youth festival in the world's biggest Catholic country.
Pope Francis’s response to the challenges of the Catholic Church has been to help find “an entirely new way to interact with the world” by the manner in which he communicates, said Sao Paulo Cardinal Odilo Scherer, one of two Latin Americans named to the Pontifical Council for Promoting New Evangelization created in 2010.
The Group of 20 nations pledged to put growth before austerity, seeking to revive a global economy that remains too weak and adjusting stimulus policies with care so that recovery is not derailed by volatile financial markets.
The G20 group of countries has officially supported plans to fight against international tax evasion by multinational companies. In a statement, the G20 countries agreed to exchange tax information and support the Organization for Economic Cooperation and Development (OECD) in its plans to prevent multinational companies from avoiding tax by moving their profits across borders.
Chinese authorities have given the banking industry greater freedom by allowing banks to set their own lending rates. Previously they were not allowed to lend at rates below a certain level set by the People's Bank of China (PBOC).
A court in Italy has convicted five people of manslaughter over the Costa Concordia shipwreck off Giglio Island which killed 32 people in January 2012. Two officers, the helmsman, the head of cabin service and the head of the crisis team were given up to two years and 10 months in jail for multiple manslaughter, negligence and shipwreck.
The New Zealand Maori co-owned deep-sea fishing company Sealord is walking away from its disastrous hoki venture in Argentina with an estimated 60 million dollars loss, reports the NZ media.
A few hours before Francis started his first overseas tour to Brazil, the Vatican’s ‘gay lobby’ was back in the headlines after the alleged exposure of a homosexual prelate appointed by the pope to a key position at the Vatican bank, IOR.