Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Cardinals signalled they had elected a new pope to lead the world’s 1.4bn Catholics after white smoke billowed from a chimney over the Sistine Chapel on Thursday.
The identity of the new pope is expected to be revealed in the next hour, when he will appear on the balcony overlooking St Peter’s Square to greet the crowds that have poured into the Vatican.
An unprecedented 133 cardinals from 71 countries have been sequestered in the Vatican since Wednesday to elect a successor to the reformist Pope Francis, who died last month after 12 years leading the world’s largest Christian denomination.
This is a developing story
