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    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.
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    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.

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    Posted By Global Banking and Finance Review

    Posted on June 30, 2025

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    ROME (Reuters) -One woman died, two people were feared missing and 87 were rescued following a migrant shipwreck off the Italian island of Lampedusa, a U.N. migration agency official said on Monday.

    Lampedusa lies between Tunisia, Malta and the larger Italian island of Sicily and is the first port of call for many migrants seeking to reach the EU from North Africa, in what has become one of the world's deadliest sea crossings.

    The migrants, initially rescued by a Tunisian fishing boat and then picked up by the Italian coastguard, arrived in Lampedusa at around 4 a.m. (0200 GMT), International Organization for Migration (IOM) spokesperson Flavio Di Giacomo said.

    They had set off from Tunisia on a flimsy metal boat that disintegrated during navigation, he said, describing such vessels as "floating coffins".

    "We are trying to see if, apart from the body that was recovered, one or two people are missing. Probably there are two," he added.

    Another group of around 80 sea migrants, including children and two or three pregnant women, also landed in Lampedusa overnight after a "dramatic" crossing in very rough weather, Di Giacomo said.

    "They were lucky to make it, given the sea conditions they faced", he said, indicating that the group had left Libya on Friday on a rubber dinghy.

    More than 25,000 migrants have died or gone missing on the central Mediterranean route between North Africa and Italy since 2014, according to the IOM, including 1,810 last year and 542 in the year to date.

    (Reporting by Alvise ArmelliniEditing by Ros Russell)

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