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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 November 4, 2022

    Featured image for article about Top Stories

    LONDON (Reuters) – British Prime Minister Rishi Sunak on Friday praised King Charles for his far-sighted leadership on tackling climate change as the monarch hosted a reception for politicians and business leaders ahead of the U.N. COP27 summit.

    Charles, 73, who has long campaigned on environmental issues, will not himself be attending the summit which begins next week in Egypt, but instead held a reception at Buckingham Palace for more than 200 international figures including U.S. special climate envoy John Kerry.

    “His majesty has been working to help find practical solutions to climate change and biodiversity loss for more than 50 years, long before COP1, let alone COP27,” Sunak told the gathering.

    He thanked him for his “long standing and far-sighted leadership”.

    Buckingham Palace said last month it had sought advice from the British government under Sunak’s predecessor Liz Truss and it agreed that Charles, who spoke at the opening ceremony of the 2021 summit in Glasgow, would not go to COP27.

    Kerry has said his presence in Egypt would have been “very powerful”.

    On Thursday, Sunak’s spokeswoman suggested that if Sunak, who only became prime minister last week, had been in office longer, the king might have gone after all.

    Britain hosted the last COP26 summit, but it was only earlier this week that Sunak reversed his earlier decision not to go to Egypt himself and focus on pressing economic issues at home, amid criticism from environmental activists, political opponents and even some in his own party.

    “When you look at the challenge before us, it is easy to feel daunted but I believe the agreements we reached in Glasgow are a source of hope for the world,” Sunak said.

    “If we do not act today, we will risk leaving an ever more desperate inheritance for our children tomorrow.”

    (Reporting by Michael Holden; Editing by Alison Williams)

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