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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 Uma Rajagopal

    Posted on November 4, 2024

    Featured image for article about Top Stories

    By Susana Vera and Raul Cadenas

    PAIPORTA, Spain (Reuters) – Spain is deploying 7,500 troops to its eastern region hit by devastating floods, the government said on Monday in the face of rising discontent over the response to the catastrophe that has killed at least 217 people.

    The army sent about 5,000 soldiers over the weekend to help distribute food and water, clean up streets and protect shops and properties from looters. A further 2,500 would join them, Defence Minister Margarita Robles told state-owned radio RNE.

    A warship carrying 104 marine infantry soldiers as well as trucks with food and water was approaching Valencia port even as a strong hailstorm pummelled Barcelona some 300 km (186 miles) to the north.

    Rescue teams on Monday were searching for bodies in underground garages including a 5,000-car park at Bonaire shopping mall near Valencia airport as well as river mouths where currents may have deposited bodies.

    Fatalities from Spain’s worst flash floods in modern history edged higher to 217 on Sunday – almost all of them in the Valencia region and more than 60 in the suburb of Paiporta.

    Local residents’ anger was focused on late alerts from authorities about the dangers of flooding and a perceived delayed response by emergency services.

    On Sunday, some residents in Paiporta slung mud at Prime Minister Pedro Sanchez and King Felipe and his wife Queen Letizia, chanting: “murderers, murderers!

    Transport Minister Oscar Puente said on Sunday the death toll had stabilised because all victims on the surface had been identified.

    The torrential rains on Tuesday and Wednesday caused rivers to swell, engulfing streets and the ground floors of buildings, and sweeping away cars and pieces of masonry in tides of mud.

    It was the worst flood-related disaster in Europe in five decades

    Even though rainfalls have continued during the rest of the week, there has been no more major flooding in the area. The weather agency issued a warning on Monday morning for Barcelona as hailstorm and heavy rains hit Spain’s second largest city.

    Some of Sunday’s protesters wore clothing with the symbols of far-right organisations that often stage protests against the leftist government. Robles said extremist groups were taking advantage of the situation for political gains.

    (Reporting by Inti Landauro, Susana Vera and Raul Cardenas; Writing by Charlie Devereux; Editing by Andrew Cawthorne)

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