Last article of section "Economy and Business"
Uncertainty Looms as Country Defaults on $1.8 Million IMF Loan
Pope Francis has expressed his closeness to the people of Greece. The country missed the deadline to payback a $1.8 million loan from theInternational Monetary Fund (IMF). Although the country had presented a two-year deal to restructure its debt, German Chancellor Angela Merkel said there would be no negotiati...read more
Articles from section "Economy and Business"
As reported yesterday, the Holy See's Council for the Economy wrapped up a two day at the Vatican. The Vatican announced today that the next meetings of the Council for the Economy will take …read more
With American Labor Day just passed, and as Italians slowly (very slowly!) get back to work following their August holidays, it’s worth recalling one of the founding tenets of modern Catholic …read more
Pope Francis on Wednesday made an appeal for hundreds of steelworkers who risk losing their jobs at ThyssenKrupp's Acciai Speciali Terni (AST) stainless steel plant in Terni. In comments …read more
Here is a statement fromArchbishop Thomas Wenski of Miami,Chairman of the US bishops' Committee on Domestic Justice and Human Development, released in the lead-up of today's celebration of …read more
The dramatic aging of the world’s population will impose a “demographic tax” on economic growth over the next two decades, warned a recent report published by Moody’s Investors Service. The …read more