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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.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on March 27, 2024

    Featured image for article about Top Stories

    Climate change, AI in focus at Commonwealth’s Oct meet in Samoa

    By Cordelia Hsu

    SYDNEY (Reuters) -Climate change and efforts to keep up with advances in artificial intelligence top the agenda for a Commonwealth meeting set for the small Pacific Islands nation of Samoa in October, the grouping’s secretary general said.

    The Commonwealth, which celebrates its 75th anniversary this year, is a voluntary club of 56 nations headed by King Charles, having evolved out of the British empire and spanning 2.5 billion people, with 11 Pacific nations among its members.

    “This is not a threat about extinction tomorrow, many of them are thinking, it is extinction today,” Patricia Scotland said of the climate change risks that make small Pacific nations particularly vulnerable.

    “If we look at what’s happened in countries like Vanuatu and Nauru and all of them, they see this rise in sea level and the rise in temperature as an imminent threat,” she said, speaking from the Samoan capital of Apia.

    Samoa, with a population of about 218,000, will be the first Pacific small island state to host the annual Commonwealth Heads of Government meeting, putting the spotlight on climate change.

    Scotland is visiting Samoa for a week to discuss arrangements for the meeting, ranging from venues to security and telecommunications, the island’s government said.

    The grouping wanted to put climate finance advisers in member nations to boost fund-raising efforts to tackle the fallout of climate change, Scotland said.

    Other topics for discussion are artificial intelligence and digitalisation of the global economy.

    “If the small and developing states are left behind, then their opportunity to take advantage of that huge potential increase in development and opportunity is going to be gone,” she added.

    A Commonwealth spokesman said plans for the Samoa summit factor in the attendance of King Charles, set to give his first speech as head of the grouping after missing this month’s annual Commonwealth Day event to recover from cancer treatment.

    (Reporting by Cordelia Hsu; Writing by Kirsty Needham in Sydney; Editing by Clarence Fernandez)

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