Latest news with #Baltics
Yahoo
10 hours ago
- Politics
- Yahoo
Lithuania notifies UN of withdrawal from landmine ban treaty
VILNIUS (Reuters) -Lithuania has notified the United Nations it is leaving the treaty banning anti-personnel landmines, its foreign minister posted on X on Friday. The country will no longer be bound by the treaty six months after the notification. Parliaments of Lithuania, Latvia, Estonia, Finland and Poland - all NATO and EU members bordering Russia - have approved withdrawal of their countries from the treaty, citing the increased military danger from their neighbour.
Reuters
18 hours ago
- Politics
- Reuters
Lithuania notifies UN of withdrawal from landmine ban treaty
VILNIUS, June 27 (Reuters) - Lithuania has notified the United Nations it is leaving the treaty banning anti-personnel landmines, its foreign minister posted on X on Friday. The country will no longer be bound by the treaty six months after the notification. Parliaments of Lithuania, Latvia, Estonia, Finland and Poland - all NATO and EU members bordering Russia - have approved withdrawal of their countries from the treaty, citing the increased military danger from their neighbour.
Globe and Mail
2 days ago
- Business
- Globe and Mail
BTCC Exchange Maintains 135% Total Reserve Ratio in June 2025 Proof-of-Reserves Report Amid Market Volatility
VILNIUS, Lithuania, June 26, 2025 (GLOBE NEWSWIRE) -- BTCC, one of the world's longest-operating cryptocurrency exchanges, releases its June 2025 roof-of-Reserves (PoR) report, demonstrating a strong 135% total reserve ratio as of June 15, 2025. The report reinforces BTCC's commitment to transparency and user asset security during a period of heightened market volatility. The comprehensive June PoR report reveals robust reserve ratios across all major cryptocurrencies: Bitcoin (BTC): 131% Ethereum (ETH): 133% Ripple (XRP): 161% Tether (USDT): 120% USD Coin (USDC): 134% Cardano (ADA): 116% These figures significantly exceed the industry standard of 100%, providing users with enhanced security and confidence in their cryptocurrency holdings. "Despite the impact of global macroeconomic events in June causing significant fluctuations in crypto market sentiment, overall market confidence continues to recover," said Alex Hung, Head of Operations at BTCC Exchange. "In terms of asset security, BTCC has always adhered to the principle of steady operation. Currently, our overall reserve ratio is at 135%, consistently higher than the industry benchmark of 100%, which fully safeguards user asset security." This latest PoR report continues BTCC's monthly transparency initiative, following strong performances in previous months, with May 2025 showing a 152% total reserve ratio and April 2025 demonstrating a 161% asset backing ratio. BTCC's commitment to transparency and user protection comes as the exchange celebrates its 14th anniversary this year, marking over a decade of trusted service in the cryptocurrency industry. As part of the anniversary celebrations, BTCC has launched its first-ever user badge program, offering users the opportunity to earn the "14 Years of Momentum" badge and claim exclusive rewards. The complete June 2025 PoR report and detailed verification instructions are available on BTCC's official website, underscoring the exchange's commitment to upholding the highest standards of transparency and user asset protection. About BTCC Founded in 2011, BTCC is one of the world's longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape.
Al Arabiya
2 days ago
- Politics
- Al Arabiya
‘US strikes on Iran made Europe and NATO safer': Latvian defense minister
This year's NATO summit is centered on ramping up military spending and Latvia is leading by example. Situated on NATO's eastern flank, Latvia has become the first alliance member to upgrade its forward presence into the NATO Multinational Brigade Latvia. From the summit, Latvia's Defense Minister Andris Spruds joins Al Arabiya English and Counterpoints to discuss the frontline challenges and strategic priorities shaping NATO's future.
Reuters
2 days ago
- Business
- Reuters
European defence stocks tick up on NATO spending pledge
June 26 (Reuters) - Shares in European defence firms edged up on Thursday after NATO leaders on Wednesday backed the increase in defence spending demanded by U.S. President Donald Trump. As of 0814 GMT, German contractor Rheinmetall ( opens new tab and Italy's Fincantieri ( opens new tab, which on Thursday said it received an order worth 700 million euros ($820.89 million), were the top gainers, up between 3% and 6%. A broader European defence index (.SXPARO), opens new tab, which this year has rallied 49% on the back of a changed stance towards the sector in Europe, was up 1.3%. Countries on Wednesday pledged to spend 3.5% of GDP on core defence and 1.5% on broader defence-related measures, a jump worth hundreds of billions of dollars a year from the current goal of 2% of GDP. However, J.P. Morgan analysts say that the market is lukewarm to the targets, which are to be achieved over the next 10 years. "The European defense companies we cover and the European defense investors we speak with do not believe that most European countries will be able to spend 3.5% of GDP on core defense in the next 5-10 years," they wrote in a note to clients. Tom Guinchard, equity research analyst at Pareto Securities said the focus for defence companies would be Northern Europe, Germany and the Baltics, which are most likely to reach the targets. "Already last week, we saw Spain get the exception," said Guinchard. "France will have difficulties leveraging up to 3.5% of GDP and most of the southern countries are going to be quite hesitant." ($1 = 0.8527 euros)
