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APSA's Annual Report Highlights Asset Value Increase Amid Operational Deficit

APSA's Annual Report Highlights Asset Value Increase Amid Operational Deficit

The Administration for the Patrimony of the Apostolic See (APSA) released its annual report, showcasing a significant increase in asset value despite a decrease in annual returns. The report indicates that APSA's returns fell to €22.8 million in 2025, down from €62.2 million the previous year. Archbishop Giordano Piccinotti, APSA's president, emphasized that 2024 was an exceptional year due to a strategic realignment of investments. The 2025 results, while lower, represent a return to ordinary operating conditions. APSA's net assets rose by €89 million, driven by revaluation of gold holdings and real estate. However, the Vatican continues to face a structural budget deficit, with APSA's contribution to the curial budget dropping from €46 million to €22.7 million.

Catholic Church Urged to Address America's Hebraic Spirit Amidst Religious Challenges

Catholic Church Urged to Address America's Hebraic Spirit Amidst Religious Challenges

Eric Cohen and Jonathan Silver's essay 'America’s Hebraic Awakening' calls for a covenantal renewal within American Christianity, highlighting two major obstacles: the de-Hellenization of Christianity since the Protestant Reformation and the doctrine of the Fall of man. These issues are linked to what is termed 'Hebraic Christianity,' which presents challenges in religious, cultural, and political spheres. The essay suggests that overcoming these obstacles is crucial for addressing dysfunctions in society. The discussion also touches on the decline of Mainline Protestant denominations since the 1970s and the Catholic Church's potential role in filling the resulting cultural void.

Matthew McConaughey meets Pope Leo – Watch the moment

Matthew McConaughey meets Pope Leo – Watch the moment

Matthew McConaughey, alongside wife Camila Alves, met with Pope Leo XIV during a recent service in Vatican City.

Archbishop Coakley Discusses Patriotism at Knights of Columbus Event

Archbishop Coakley Discusses Patriotism at Knights of Columbus Event

Archbishop Paul Coakley, president of the U.S. Conference of Catholic Bishops, addressed the Knights of Columbus Supreme Convention in Denver, focusing on the concept of patriotism. Coakley emphasized that true patriotism is a religious virtue rather than a political one, rooted in gratitude and familial love. He distinguished between authentic patriotism and nationalism, warning against the latter's tendency to idolize the nation. Coakley cited St. Thomas Aquinas to illustrate the duty of gratitude owed to one's country, akin to the duty owed to one's parents. He stressed that patriotism involves recognizing the imperfections of one's nation while striving for justice and peace.

Concert for Peace Highlights Music's Role in Promoting Unity and Spiritual Reflection

Concert for Peace Highlights Music's Role in Promoting Unity and Spiritual Reflection

Concert for Peace Highlights Music's Role in Promoting Unity and Spiritual Reflection

Pope Leo XIV will visit Uruguay, Argentina and Peru in his first Latin American trip as pontiff

Pope Leo XIV will visit Uruguay, Argentina and Peru in his first Latin American trip as pontiff

Pope Leo XIV will make his first trip to Latin America as pontiff in November, visiting Uruguay, Argentina, and Peru

New York's Assisted Suicide Law Takes Effect, Allowing Terminally Ill to End Their Lives

New York's Assisted Suicide Law Takes Effect, Allowing Terminally Ill to End Their Lives

New York's 'Medical Aid in Dying Act' has officially gone into effect, permitting terminally ill adults to request life-ending medication from their doctors. Signed by Governor Kathy Hochul in February 2026, the law has faced significant opposition from religious groups, particularly the Catholic Church, which criticizes it as a 'throwaway culture' that devalues life. The law allows adults with a prognosis of six months or less to live to obtain lethal medication, provided they are of sound mind and can self-administer the drug. The legislation includes provisions for a mental health evaluation and a five-day waiting period before the prescription is filled. This law makes New York the latest state to legalize doctor-assisted suicide, joining 12 other states and Washington D.C.

Albania battles blazes, Hungary curbs power use as Europe feels the heat

Albania battles blazes, Hungary curbs power use as Europe feels the heat

By Krisztina Than and Florion Goga BUDAPEST/MALLAKASTER, Albania, Aug 5 (Reuters) - Albanian emergency services battled a wildfire in the south of the country, while Hungarians cut power consumption as the latest heatwave and drought took their toll on southern and eastern Europe.

Austria hits record temperature, Hungary curbs power use as Europe feels the heat

Austria hits record temperature, Hungary curbs power use as Europe feels the heat

By Krisztina Than and Florion Goga BUDAPEST/MALLAKASTER, Albania, Aug 5 (Reuters) - The temperature in Austria climbed to a record high on Wednesday, while Hungarians curbed power use as the latest heatwave and drought took their toll on central and southern Europe.

Padres acquire Robbie Ray from Giants, Casey Mize from Tigers for another playoff push

Padres acquire Robbie Ray from Giants, Casey Mize from Tigers for another playoff push

The San Diego Padres have acquired left-hander Robbie Ray from the San Francisco Giants and right-hander Casey Mize from the Detroit Tigers