Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Conclave to elect new pope to start on May 7, cardinals meet
    Headlines

    Conclave to elect new pope to start on May 7, cardinals meet

    Conclave to elect new pope to start on May 7, cardinals meet

    Published by Global Banking and Finance Review

    Posted on April 28, 2025

    Featured image for article about Headlines

    By Philip Pullella, Joshua McElwee and Crispian Balmer

    VATICAN CITY (Reuters) -Roman Catholic cardinals will begin their secret conclave to elect the new leader of the global Church on May 7, the Vatican said on Monday, confirming what a source had previously told Reuters.

    The date was decided during a closed-door meeting of cardinals at the Vatican, the first since the funeral of Pope Francis on Saturday.

    Some 135 cardinals, all under the age of 80 and from all corners of the world, are eligible to take part in the vote for the next head of the 1.4-billion-member Church, which is beset by concerns over its finances and divisions over doctrine.

    The 16th-century Sistine Chapel, where conclaves are held beneath the gaze of Michelangelo's masterpiece frescoes, was closed to tourists on Monday to ready the space for an election that mixes ancient ritual with modern, anti-spying technologies.

    The previous two conclaves, held in 2005 and 2013, lasted just two days. But Swedish cardinal Anders Arborelius said on Monday that the coming ballot may take longer, as many of the cardinals appointed by Pope Francis have never met each other.

    Francis made a priority of appointing the red-hatted "Princes of the Church" from countries that had never had them, such as Myanmar, Haiti, Rwanda and Arborelius' own Sweden.

    "We don't know each other," said Arborelius.

    The earliest the conclave could have begun was May 6, the Vatican said. Starting it a day later means cardinals will have slightly more time for their daily general discussions ahead of the momentous ballot.

    Around 190 cardinals took part in Monday's meeting, including roughly 100 electors, the Vatican said.

    Among the questions raised were the issue of sexual abuse, that has rocked the Church for years, as well as the need to spread the Christian faith, relations with other religions and the qualities the new pope needed to respond to such challenges.

    DIFFERING VISIONS

    Francis, pope since 2013, died aged 88 on April 21. His funeral on Saturday and a procession through Rome to his burial place at the Basilica of St. Mary Major attracted crowds estimated at more than 400,000.

    German cardinal Walter Kasper told La Repubblica newspaper that the outpouring of mourning for Francis indicated that Catholics wanted the next pope to continue with his reforming style of papacy.

    Francis, the first pope from Latin America, tried to open up the often staid Church to some new conversations. He allowed debate on issues such as ordaining women as clergy and outreach to LGBTQ Catholics.

    "The People of God voted with their feet," said Kasper, who is 92 and will not take part in the conclave. "I am convinced that we must go ahead in the footsteps of Francis."

    Cardinal Gregorio Rosa Chavez from El Salvador, echoed that sentiment: "I am sure the new pope will be as Franciscus, the same vision, the same dreams," he said, referring to Francis by his Latin name.

    However, a bloc of conservative cardinals are certain to push back against this and seek a pope who reasserts traditions and reins in Francis' push for a more inclusive Church.

    German Cardinal Gerhard Ludwig Mueller, who is known for his traditionalist views and often clashed with Francis, has spoken daily about the need to reverse course.

    "The strength of the Church lies in the truth, not in compromises," he told La Stampa newspaper on Monday.

    (Additional reporting by Alvise Armellini and Giulia Segreti; Editing by Crispian Balmer, Janet Lawrence, Kevin Liffey and Andrew Heavens)

    Related Posts
    Cricket-Ashes defeat heralds end of England's Bazball era
    Cricket-Ashes defeat heralds end of England's Bazball era
    Swiss interior minister open to social media ban for children
    Swiss interior minister open to social media ban for children
    Trump set to expand immigration crackdown in 2026 despite brewing backlash
    Trump set to expand immigration crackdown in 2026 despite brewing backlash
    Swedish customs says it has boarded Russian ship in Swedish waters to conduct inspection
    Swedish customs says it has boarded Russian ship in Swedish waters to conduct inspection
    Kremlin says peace prospects not improved by Europe, Ukraine changes to US proposals
    Kremlin says peace prospects not improved by Europe, Ukraine changes to US proposals
    Roche CEO points to higher future drug prices in Switzerland after US deal
    Roche CEO points to higher future drug prices in Switzerland after US deal
    Zelenskiy favours US proposal of three-way talks if it produces results
    Zelenskiy favours US proposal of three-way talks if it produces results
    UK's Prince William and son George volunteer at homelessness charity
    UK's Prince William and son George volunteer at homelessness charity
    US intercepts oil tanker off Venezuelan coast, officials say
    US intercepts oil tanker off Venezuelan coast, officials say
    US offers new talks format including Russia and Ukraine, Zelenskiy says
    US offers new talks format including Russia and Ukraine, Zelenskiy says
    Escalating Russian airstrikes aim to cut Ukraine off from sea, Zelenskiy says
    Escalating Russian airstrikes aim to cut Ukraine off from sea, Zelenskiy says
    Stellantis CEO says investments at risk in Europe after EU auto package
    Stellantis CEO says investments at risk in Europe after EU auto package

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostPutin announces May 8-10 ceasefire, Ukraine wants truce now
    Next Headlines PostIndia signs $7.4 billion deal to buy 26 Rafale fighter jets, official says

    More from Headlines

    Explore more articles in the Headlines category

    French presidential silverware keeper faces trial over suspected porcelain theft

    French presidential silverware keeper faces trial over suspected porcelain theft

    Ukraine and Portugal agree on co-production of Ukrainian sea drones

    Ukraine and Portugal agree on co-production of Ukrainian sea drones

    Italian police arrest 384, seize 1.4 tonnes of drugs in nationwide crackdown

    Italian police arrest 384, seize 1.4 tonnes of drugs in nationwide crackdown

    How Brazil's deadliest police raid turned into a bloodbath

    How Brazil's deadliest police raid turned into a bloodbath

    Bangladesh holds state funeral for slain youth leader amid tight security

    Bangladesh holds state funeral for slain youth leader amid tight security

    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea

    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea

    US, Russian officials meet in Florida for more Ukraine talks

    US, Russian officials meet in Florida for more Ukraine talks

    US hits ISIS in Syria with large retaliatory strikes, officials say

    US hits ISIS in Syria with large retaliatory strikes, officials say

    Australia PM says Jewish community 'completely unbreakable' after Bondi attack

    Australia PM says Jewish community 'completely unbreakable' after Bondi attack

    Russia's Dmitriev heading for US to meet Witkoff, Kushner, source says

    Russia's Dmitriev heading for US to meet Witkoff, Kushner, source says

    IMF welcomes EU's 90 billion euro loan to Ukraine, more work to be done

    IMF welcomes EU's 90 billion euro loan to Ukraine, more work to be done

    Israeli attack on school shelter in Gaza City kills 5 Palestinians, hospital chief says

    Israeli attack on school shelter in Gaza City kills 5 Palestinians, hospital chief says

    View All Headlines Posts