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New Navy submarine completes trials
VATICAN CITY, Feb. 15 (UPI) -- The Vatican on Friday named German lawyer Ernst von Feyberg director of the Vatican Bank and said retiring Pope Benedict XVI had approved of the appointment.
The Vatican Bank has been without a director since Ettore Gotti Tedeschi was fired last May by a panel of five cardinals, Adnkronos International reported.
Gotti Tedeschi was ousted for failing to restore the bank's reputation after a money laundering scandal. He and a bank deputy were also investigated for money laundering.
Ansa reported that Gotti Tedeschi and the bank's board disagreed on issues connected to a move to join a list of financially transparent countries, the so-called "white list."
Von Freyberg, 55, is a member of the Sovereign Military and Hospitaller Order of St John of Jerusalem, of Rhodes and of Malta and the co-leader of the Association for Pilgrimages to Lourdes of the Archdiocese of Berlin, the Italian news agency ANSA reported.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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