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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 October 28, 2022

    Featured image for article about Top Stories

    LONDON (Reuters) -It would be “very powerful” if King Charles attended the COP27 climate summit in Egypt, U.S. special climate envoy John Kerry said, adding that the British monarch’s credibility and leadership on environmental issues would make a difference.

    Charles, who became king last month following the death of his mother Queen Elizabeth, spoke at the opening ceremony of the 2021 summit in Glasgow, which he described as a “last chance saloon” to save the world from climate change.

    Earlier this month a royal source said Buckingham Palace had sought government advice about the summit and it was unanimously agreed it would not be right for Charles to visit in person. The Sunday Times newspaper reported at the time he had been told not to go by then prime minister Liz Truss.

    A spokeswoman for new Prime Minister Rishi Sunak said on Friday she was not aware the advice provided under the previous government had changed.

    “I think it’s very helpful to have leaders of countries be in Sharm el-Sheikh, representative leaders whether it is the government or monarchy, I think it would be terrific,” Kerry told Sky News late on Thursday when asked if the king’s presence would help proceedings.

    “I know that his being there would make a difference … because he has credibility, because he has been a long-term leader,” said Kerry, U.S. Special Presidential Envoy for Climate.

    Sunak’s office has said he will not be attending.

    Sunak said on Friday he was proud of the government’s record on tackling climate change and Britain had shown leadership on the issue, but he was focussed on domestic issues ahead of a major fiscal statement next month.

    “I’m very personally committed to it, and I just think at the moment it is right that I am also focusing on the pressing domestic challenges we have with the economy,” he told reporters.

    Opposition Labour Party leader Keir Starmer criticised Sunak’s decision.

    “Many people would be expecting the prime minister of the UK not just to attend COP but to use it as an opportunity to pull world leaders together,” he said. “If that doesn’t happen it’s a failure of leadership.”

    (Reporting by Muvija M and Andrew MacAskill, Editing by Kylie MacLellan, William Maclean)

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