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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.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 29, 2025

    Featured image for article about Headlines

    By David Latona and Silvio Castellanos

    SEVILLE, Spain (Reuters) -Activists marched in blistering heat through southern Spain's Seville on Sunday, calling for debt cancellation, climate justice and taxing the super rich on the eve of a UN summit on financing development that critics say lacks ambition and scope.

    The four-day meeting - held once every decade - promises to take on poverty, disease and climate change by mapping out the global framework for development. But the United States' decision to pull out and wealthy countries' shrinking appetite for foreign aid have dampened hopes that the summit will bring about significant change.

    Greenpeace members carried a float depicting billionaire Elon Musk as a baby wielding a chainsaw, seated atop a terrestrial globe. Others held up banners reading "Make Human Rights Great Again", "Tax justice now" or "Make polluters pay".

    Beauty Narteh of Ghana's Anti-Corruption Coalition said her group wanted a fairer tax system and "dignity, not handouts".

    Sokhna Ndiaye, of the Africa Development Interchange Network, called on the public and private sectors to be "less selfish and show more solidarity" with developing countries.

    Hours earlier, however, Spanish Prime Minister Pedro Sanchez said that "the very fact that this conference is happening while conflict is raging across the globe is a reason to be hopeful".

    Speaking at an event by non-profit Global Citizen, Sanchez reiterated Madrid's commitment to reach 0.7% of GDP in development aid and urged other countries to do the same.

    Jason Braganza, executive director of pan-African advocacy group AFRODAD who took part in the year-long negotiation on the conference's final outcome document, said countries including the U.S., the European Union and Britain had obstructed efforts to organise a UN convention on sovereign debt.

    "It's a shame these countries have opted to protect their own interests and those of creditors over lives that are being lost," he added.

    (Reporting by David Latona and Silvio Castellanos; Editing by Andrea Ricci)

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