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Vatican sets up investment committee after scandal

AFP

Vatican investments will from now on be scrutinised by an in-house committee on the orders of Pope Francis, following a scandal over the controversial purchase of a luxury London property.

The committee will be headed by Irish-American cardinal Kevin Joseph Farrell and be made up of four “high-profile professionals” appointed for a five-year term, the Vatican’s press office said Tuesday.

Francis laid down the terms for the committee’s creation in a new constitution which came into effect on Sunday in a much-anticipated shake-up of the Vatican’s powerful governing body, the Curia.

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The members are directors or specialists at investment companies in Britain, Germany and Norway, as well as at a higher education college in the United States.

According to the constitution, they will have to “ensure the ethical nature of the Holy See’s equity investments, in accordance with the Church’s social doctrine and according to the criteria of profitability, suitability, and moderate riskiness”.

The Vatican has been rocked by a scandal centred around the costly purchase of a prestigious building in London as part of the Holy See’s investment activities.

At the end of January, the Vatican confirmed that it had sold the 17,000 square metre (175,000 square foot) building at 60 Sloane Square, in the upmarket Chelsea district, at a large loss. 

Since July 2021, 10 people — including a once-powerful cardinal — have been on trial in the tiny city state accused of fraud, embezzlement, abuse of power, money laundering, corruption and extortion.

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International

President Boric announces curfew following triple police homicide in Chile

Chile offers residency and Chilean nationality to Nicaraguan opponents

Chilean President Gabriel Boric has implemented a nighttime curfew in three municipalities of the Biobío region following the murder of three police officers. The Chilean leader emphasized that “criminals will answer to Chile and its justice system.”

In a post on X, formerly known as Twitter, Boric stated that he made the decision “after discussing with the General Director of the Carabineros, the Chiefs of Staff of the Armed Forces, the Head of National Defense, and the Chief of the Joint Chiefs of Staff, having also considered various alternatives and taking into account the needs of the ongoing investigation.”

He further detailed that “I have instructed to decree a curfew in the municipalities of Cañete, Contulmo, and Tirúa from midnight to 7:00 AM. Additionally, police and military presence will be intensified to our utmost capacity with joint patrols in the area.”

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International

President López Obrador meets with Astros and Rockies ahead of Mexico City Series

Last Friday, before the 2024 Mexico City Series between the Astros and Rockies at Alfredo Harp Helú Stadium in Mexico City, President Andrés Manuel López Obrador met with representatives from both teams.

Through his social media, the President shared his interaction with executives from the Houston and Colorado teams, as well as with Astros’ Mexican pitcher, José Urquidy.

“Yesterday (Friday), before starting the tour, I had breakfast with executives and friends from the Houston Astros and the Colorado Rockies. There’s increasingly more baseball fever in our country,” López Obrador wrote.

The photos also featured former Mexican major leaguers Vinicio “Vinny” Castilla and Jorge de la Rosa, both of whom played for the Colorado team.

On Saturday night, the Houston Astros won the first game in the “capital inferno,” home of the Mexico City Red Devils, with a commanding score of 12 to 4.

This Sunday, the second game of the series will take place at AHH, with both teams arriving in Mexico on a losing streak. Another great Major League celebration is anticipated at the “fire diamond.”

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International

Social media star Om Fahad fatally shot in Baghdad

An Iraqi TikToker, previously sentenced to prison last year for posting content deemed “indecent” on social media, was fatally shot in Baghdad on Friday, according to two security officials.

Om Fahad, who had tens of thousands of followers on TikTok and Instagram, gained fame for her videos featuring her in tight outfits dancing to Iraqi music, in a country that is predominantly conservative and patriarchal.

The young woman was shot by an assailant on a motorcycle while she was in her vehicle outside her home in central Baghdad, two security officials reported anonymously to AFP.

In February 2023, a court initially sentenced Om Fahad to six months in jail for “publishing various videos with indecent intentions that violate modesty and public morals.”

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