HAVANA (AP) — With a hug and an exclamation of "Finally!" Pope Francis met Friday with Patriarch Kirill in the first ever meeting between a pontiff and the head of the Russian Orthodox Church, a historic development in the 1,000-year schism that has divided Christianity.
A recent tightening of credit for U.S. companies is threatening to undermine economic growth, making it less likely the Federal Reserve will raise interest rates anytime soon. Fed Chair Janet Yellen said this week it was still too soon for the central bank to change its view that rate hikes are needed, a position supported by a still-robust pace of hiring that is helping consumers borrow more readily. "Financial conditions are tightening the Fed's belt," Deutsche Bank, which expects one rate increase this year, said in a note to clients on Friday.