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How New Popes Are Chosen: Secrets of the Conclave, Explained

How New Popes Are Chosen: Secrets of the Conclave, Explained

Bloomberg07-05-2025

For centuries, the head of the Roman Catholic Church has been chosen through what's known as a papal conclave. The proceedings are cloaked in secrecy, making them the subject of speculation and intrigue.
On Wednesday, 133 senior members of the clergy, known as cardinals, will head into the Vatican's Sistine Chapel to cast ballots. They aren't allowed to leave or communicate with the outside world until they've reached an agreement. The process can last days, weeks, sometimes years.

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UK Spending Review 2025 By Dr Linda Yueh, London Business School Former French Prime Minister Pierre Mendès-France once said, 'To govern is to choose.' The government in its UK Spending Review has made choices as to how it will spend and invest in hopes of raising economic growth. As evident in Mendès-France's observation, there are trade-offs in making those choices. The additional challenge with setting out a three-year spending plan and a four-year investment plan is that the global economic environment is highly uncertain with the return of the Trump administration that has quickly announced, then paused, a wide swathe of tariffs and other policies. Given the challenging global economy, strengthening domestic growth drivers is even more important. The focus on investment in this Spending Review makes that apparent as the UK's growth has lagged behind other major economies due in part to its lower rates of business investment. 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