A British court largely backed the Vatican in refusing to declare a London financier acted in “good faith” in a 350-million euro investment, despite the financier claiming victory in proving he wasn’t dishonest or illegal. Raffaele Mincione sought to clear his name in British courts after being convicted by a Vatican tribunal, with the British court granting 29 of his 31 claims but noting his failure to protect the Vatican from fraudulent actions. The Vatican expressed satisfaction at the ruling, which was the first time it had been put on trial in a foreign court due to financial crimes surrounding its London investment.
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Eurozone inflation rose to ECB’s 2% target in June
Eurozone inflation rose to 2% in June, aligning with the European Central Bank's target and increasing from May's 1.9%. While the ECB has reduced rates to 2% since last summer, it is expected to pause further cuts, influenced by geopolitical events affecting oil prices and a stronger euro, which has appreciated nearly 14% against the US dollar this year. Explain It To Me Like I'm 5: In June, prices in Europe went up by 2...
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