CaixaBank, Sabadell Finalize Risk Transfers as Bank M&A Heats Up
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CaixaBank SA and Banco Sabadell SA are finalizing significant risk transfers to free up capital for growth amid consolidation in the Spanish financial industry.
CaixaBank has priced an SRT linked to €2 billion ($2.3 billion) of corporate loans, while Banco Sabadell is completing a separate transaction linked to €1.3 billion of funding for small and mid-sized companies, according to people with knowledge of the deals. Both are expected to close in coming weeks, they said.
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Yahoo
5 hours ago
- Yahoo
NATO declaration leaves wiggle room for 5 percent spending target
NATO leaders on Wednesday agreed to a major defense spending increase while leaving room for some alliance countries, including Spain, Belgium and Slovakia, to not hit the new spending goals thanks to very particular wording. 'Allies commit to invest 5% of GDP annually on core defense requirements as well as defense-and security-related spending by 2035 to ensure our individual and collective obligations,' the 32 leaders of the alliance said in a statement that pointedly did not specify 'all allies' had committed to doing so. President Trump since his first term has pressured NATO countries to commit more of their annual GDP to military spending as the United States looks to shift its attention from security priorities in Europe to the Indo-Pacific and Middle East. NATO's biggest-spending member, Washington since early this year has insisted alliance countries must up their defense dollars from the 2 percent goal set in 2014 to the ambitious 5 percent. But the goal seemed to be a stretch given that nine of the 32 NATO member countries have yet to reach the earlier 2 percent goal. With vague diplomatic language, however, NATO Secretary General Mark Rutte has claimed he delivered on Trump's spending demands. 'For too long, one ally, the United States, carried too much of the burden of that commitment. And that changes today,' Rutte said at the end of a meeting of NATO leaders Wednesday. 'President Trump, dear Donald, you made this change possible. Your leadership on this has already produced $1 trillion in extra spending from European allies since 2016. And the decisions today will produce trillions more for our common defense to make us stronger and fairer by equalizing spending between America and America's allies,' Rutte added. To hit the 5 percent goal – which countries have until 2035 to reach – allies agreed to split the spending among different buckets to easier reach targets. Now, 3.5 percent of the GDP dollars will go to 'core defense spending,' such as weapons and military equipment, while 1.5 percent will fund defense-adjacent spending – including improving a country's road or port infrastructure to better deploy forces or investing in cyber defense. A review of spending is set for 2029 to monitor progress and reassess Russia's security threat, given its ongoing war in Ukraine and overt threats to alliance members should they interfere in the conflict. But several countries have made clear they will not be meeting the new targets as they are pressed by economic challenges – issues that could be made worse by Trump's global tariffs. Among the most vocal of those countries is Spain, which before the NATO summit officially announced that it cannot meet the 'unreasonable' goal by 2035. 'Not all allies are bound to the 5 percent target,' according to a statement from the Spanish government ahead of the summit. Spanish Prime Minister Pedro Sanchez put it more bluntly when he said 'we're not going to do it,' saying instead that Madrid would spend 2.1 percent of its GDP – meeting NATO's new capability targets – but 'no more, no less.' According to alliance figures from June 2024, Spain now spends just under 1.3 percent of its GDP on defense. Spain's stance has drawn the ire of Trump, who on Wednesday falsely claimed it was 'the only country that won't pay the full up,' and threatened it with harsh trade deals to make up the difference. 'I think Spain's terrible what they've done. They want to stay at 2 percent, I think it's terrible,' Trump said during a press conference at the conclusion of the summit. 'They're doing very well. The economy is very well. And that economy could be blown right out of the water with something bad happening.' He later added that he would negotiate directly with Spain on a trade deal, saying: 'We're going to make them pay twice as much. 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- Business Insider
I moved from the US to Argentina for the lower cost of living. It helped me pay down student debt, but living abroad had its dark side.
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In April 2025, I moved into a furnished two-bedroom apartment in Tirana, Albania's capital city, for roughly $600. With utilities, the first month cost $650. Albania still remains somewhat of a new expat destination. It doesn't have the brand appeal of Spain or Italy, but locals I've asked have noticed a big increase in outsiders in recent years. Albania's economy seems stable, which should provide me with predictable monthly expenses. I'd say most things are cheaper here than in Argentina. A cup of coffee costs me just $0.59 per cup. It will take some time to figure out how much spare cash I'll have to pay off debt at the end of the month, since there are resettling costs involved in a move, like buying new dishes and a vacuum cleaner for the ever-shedding dog. I'll be happy if my expenses start to look remotely close to what my early Argentina days were like. I've learned you can't be prepared for everything when you move abroad When I moved to Argentina, I thought I was prepared. 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Business Upturn
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LET Mining Launches Multi-Currency Cloud Mining Support, Expanding User Choices and Efficiency
By GlobeNewswire Published on July 5, 2025, 02:00 IST New York, US, July 04, 2025 (GLOBE NEWSWIRE) — Recently, LET Mining announced that its cloud mining platform has successfully completed multiple system upgrades and now fully supports a variety of mainstream cryptocurrency mining services, bringing more choices, more efficient returns and more flexible investment paths to global users. Technology upgrade, computing efficiency significantly improved As one of the important milestones of the platform, this multi-currency support is based on the comprehensive upgrade of the computing system: High-performance GPU and ASIC computing nodes are deployed in many places around the world to improve system stability and processing capabilities AI intelligent scheduling system allocates computing resources in real time to ensure the maximum mining income of different currencies Green energy mines are given priority access to achieve efficient, low-carbon and sustainable mining experience After the upgrade, users can not only freely choose currencies, but also enjoy the technical benefits of lower power consumption and higher unit computing power output. Simplify the experience, everyone can participate LET Mining adheres to the mission of 'popularizing mining' and continues to optimize the user experience: No need to buy hardware equipment Register an account to purchase cloud computing power with one click Support BTC, USDT, DOGE and other currency payments Daily income is automatically settled to the account, and withdrawals are supported at any time App and web version dual platform operation, simple and easy to use Whether you are a senior investor or a crypto novice, you can easily get started and participate in the global mining network without any barriers. Quickly get started with LET Mining cloud computing service1. Register an account on the official website in 1 minute (get a $12 reward immediately after registration)2. Choose the cloud computing package that suits you (you can buy a $12 contract every day and get $0.6 every day) 3. Get income every day and withdraw funds quickly within 5 minutes Users can freely choose mining currencies based on market trends and their own asset allocation preferences, and combine short-term or long-term computing power contracts to obtain stable daily passive income. Global layout and multi-language support Currently, LET Mining cloud computing services have covered more than 40 countries and regions around the world. The platform supports multiple languages ??such as English, Spanish, Russian, and French, providing localized support and services for users in different regions. At the same time, the customer service team provides 7×24 hours online assistance to ensure that users' mining process is smooth and worry-free. The person in charge of LET Mining said: 'The platform's entry into the stage of multi-currency support is a further leap in LET Mining's technology and operational capabilities. We hope to give users more choices and more freedom, and at the same time, through green mining and global node deployment, we will promote the entire industry towards compliance, efficiency, and environmental protection.' Connecting global computing power to release the potential of digital assets LET Mining cloud mining platform is welcoming the new cycle of the crypto industry with a more open, diverse and intelligent attitude. Multi-currency support not only means the improvement of technical strength, but also represents the platform's deep understanding and response to users' diversified income needs. Visit the LET Mining official website or download the App now to experience the intelligent cloud mining platform that supports multiple currencies and let your digital assets really start to 'work for you'. Official website: Contact email: [email protected] APP download address: Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
