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Friday Briefing – The New York Times

The Owner Press by The Owner Press
May 9, 2025
in Business News
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The primary American pope

Robert Francis Prevost was yesterday elected the 267th pope of the Roman Catholic Church, changing into the primary pontiff from the U.S. He took the papal identify Leo XIV and greeted a cheering crowd of followers at St. Peter’s Sq. by saying, “Peace be with you.” Read a transcript of his speech.

The selection defied a longstanding perception that church leaders would by no means choose a pope from a worldwide superpower that already has appreciable affect. “In a world that appears the wrong way up, outdated taboos are additionally breaking within the Vatican, the place the thought of an American pope was unimaginable for generations,” Jason Horowitz, our Rome bureau chief, mentioned.

See the moment Leo XIV emerged as pope.

As ideological camps tussled earlier than the conclave over whether or not to proceed the inclusive agenda of the final pope, Francis, or return to a conservative doctrinal path, supporters had pitched then-Cardinal Prevost, 69, as a balanced various. In his first remarks to the gang that had gathered in St. Peter’s Sq., Leo put nice emphasis on the necessity to construct bridges.

His election was greeted with rejoicing in Vatican City but additionally in Chicago, the place he was born, and in Peru, the place he spent greater than twenty years. President Trump referred to as his choice “an ideal honor” for the USA.

Who’s Leo? Born in Chicago, the 69-year-old pontiff spent much of his life outside the U.S. He served as missionary, parish priest, instructor and bishop in Peru, ultimately changing into a Peruvian citizen. Till the dying of Francis, he held one of the crucial influential Vatican posts, working the workplace that selects and manages bishops globally. Here’s what else we know about him.

What’s subsequent: Leo will have a good time Mass on the Sistine Chapel as we speak with the cardinals who elected him. He’ll recite a prayer on Sunday at St. Peter’s Basilica. And on Monday, he’ll meet with journalists on the Vatican.

For extra:


Trump’s commerce cope with Britain left particulars to be settled

The U.S. and the U.Okay. intend to signal a trade deal that would increase market access for billions of {dollars} of U.S. exports and in addition roll again a few of the punishing tariffs on British merchandise, President Trump mentioned yesterday. It was the primary settlement that the Trump administration has reached since imposing greater tariffs on its buying and selling companions.

Representatives from the 2 nations will meet within the coming months, and plenty of particulars are nonetheless to be labored out. The ten p.c tariff that Trump imposed in April on Britain and different nations will stay in place, however tariffs will likely be pared again on British metal, aluminum and cars. In return, Britain will open up entry to beef, ethanol and different U.S. merchandise.

The information is a much-needed political victory for Prime Minister Keir Starmer of Britain, in addition to vindication of his technique of assiduously cultivating Trump.

Context: Regardless of the remaining deal finally ends up being, it may be more important to Britain than to the U.S. Britain occupies the No. 11 spot amongst main buying and selling companions of the U.S., whereas the U.S. is Britain’s largest companion.

Who’s subsequent?: E.U. officers drew up an inventory of 95 billion euros worth of U.S. goods that they might goal with greater tariffs. Hours later, Trump mentioned U.S. officers “intend to make a deal” with Europe. A primary spherical of U.S.-China trade talks is predicted to happen this weekend in Switzerland.

Hazard grows in South Asia

India and Pakistan look like dangerously escalating their armed confrontation. Each international locations mentioned that their army websites had come underneath assault, and heavy shelling and strikes had been reported in a single day on either side of their border.

Secretary of State Marco Rubio spoke with leaders from each international locations and emphasised the necessity for “rapid de-escalation,” the State Division mentioned.

On the bottom: In Jammu, an Indian metropolis of about half 1,000,000 folks, elements of the town had been underneath blackouts final night time, and the sounds of blasts and sirens may very well be heard.

Technique: India is working to restrict Pakistan’s access to international financial aid.

MORE TOP NEWS

Salads appear to have turn out to be a bit unwieldy. Cylindrical towers of romaine or layers of chicory are a means for cooks to keep up textural integrity and add slightly pageantry — but the spectacle doesn’t always make for smooth eating. It’s sufficient to depart you asking, as one diner did, “Why am I reducing lettuce like a steak?”

CONVERSATION STARTERS

ARTS AND IDEAS

The museum of the century

Tate Trendy in London, which turns 25 this week, made its best influence by re-envisioning itself as a theme park in addition to a museum, remodeling viewers expectations worldwide, our critic Jason Farago writes.

As soon as the nation’s hottest customer attraction, the glory has light. Customer numbers are down 20 p.c since earlier than the pandemic, and funding crises have led to a number of rounds of layoffs. Is there a pathway back?


That’s it for as we speak’s briefing. See you subsequent week. — Natasha

Attain Natasha and the workforce at briefing@nytimes.com.



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