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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.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on July 2, 2025

    Featured image for article about Headlines

    MADRID (Reuters) -Two people died in a wildfire in Spain's Catalonia region a day ago, which was largely contained though more wind and thunder storms were expected on Wednesday, emergency services and officials said, as Europe grappled with a severe heatwave.

    The blaze in Torrefeta broke out in a farming area on Tuesday afternoon, destroying several farms, and affecting an area stretching for around 40 kilometres (25 miles), firefighters said, adding there were no other casualties.

    "The fire was extremely violent and erratic due to storms and strong winds, generating a convection cloud that complicated extinguishing efforts," the fire service said in a statement.

    Authorities warned that more storms were expected on Wednesday afternoon and urged vigilance.

    "Please exercise caution and follow all instructions and recommendations from the emergency services," Catalonia's regional leader Salvador Illa said in a post on X.

    Around 14,000 residents were asked to remain indoors for several hours on Tuesday.

    The wildfire comes as Europe faces an "exceptional" heatvawe, prompting heat alerts through the region.

    Spain's meteorological agency AEMET, which earlier this week reported its hottest June on record, issued warnings for high temperatures, storms and high winds across much of the Iberian Peninsula on Wednesday.

    (Reporting by Emma Pinedo, editing by Aislinn Laing and Bernadette Baum)

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