RONDA — Spanish and Portuguese authorities braced on Wednesday for the impact of Storm Leo, suspending classes in some areas and warning against travel, just oneRONDA — Spanish and Portuguese authorities braced on Wednesday for the impact of Storm Leo, suspending classes in some areas and warning against travel, just one

Storm Leo pounds Iberian Peninsula with torrential rains

2 min read

RONDA — Spanish and Portuguese authorities braced on Wednesday for the impact of Storm Leo, suspending classes in some areas and warning against travel, just one week after deadly Storm Kristin wreaked havoc across the Iberian Peninsula.

Spain’s state meteorological agency AEMET forecast that some parts of the southern Sierra Grazalema may see rainfall equivalent to a full year of precipitation from the storm.

Authorities are concerned about the heightened risk of flooding as the ground remains saturated from the preceding storm and heavy rains last month.

Spain recorded 119.3 mm of rainfall in January, 85% above the 1992-2020 average, making it the second-wettest January of the 21st century, the Environment Ministry said.

The regional government in Spain’s southern Andalusia region urged residents to avoid non-essential travel, warning that public safety alerts could quickly escalate to the highest red-alert level as the storm evolves, regional leader Juanma Moreno said.

In-person classes were suspended across the region, apart from in Almeria province, while Spain’s Military Emergency Unit was on alert to provide a rapid response, including flood rescue, the stabilization of landslide-prone areas and the monitoring of mining tailings ponds at risk of overflow.

Day centers for the elderly and disabled have been closed, and local governments in affected areas were advised to cancel outdoor sports activities, while about 3,000 people have been evacuated from areas most at risk of flooding.

High-risk regions include Grazalema, Campo de Gibraltar, Ronda and parts of Jaen, where residents received mobile alerts warning of the potential for heavy rainfall.

Emergency personnel, along with two aircraft and two helicopters, have been deployed to monitor flood-prone zones and provide real-time updates, Mr. Moreno said.

In Portugal, the national Civil Protection Service raised its preparedness to the highest level as its commander warned of a “very complex” meteorological situation ahead.

The Portuguese armed forces deployed up to 3,000 personnel and 42 inflatable boats with marine teams along flood-prone sections of the country’s major rivers as weather conditions were forecast to worsen throughout the week. — Reuters

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

MoneyGram launches stablecoin-powered app in Colombia

MoneyGram launches stablecoin-powered app in Colombia

The post MoneyGram launches stablecoin-powered app in Colombia appeared on BitcoinEthereumNews.com. MoneyGram has launched a new mobile application in Colombia that uses USD-pegged stablecoins to modernize cross-border remittances. According to an announcement on Wednesday, the app allows customers to receive money instantly into a US dollar balance backed by Circle’s USDC stablecoin, which can be stored, spent, or cashed out through MoneyGram’s global retail network. The rollout is designed to address the volatility of local currencies, particularly the Colombian peso. Built on the Stellar blockchain and supported by wallet infrastructure provider Crossmint, the app marks MoneyGram’s most significant move yet to integrate stablecoins into consumer-facing services. Colombia was selected as the first market due to its heavy reliance on inbound remittances—families in the country receive more than 22 times the amount they send abroad, according to Statista. The announcement said future expansions will target other remittance-heavy markets. MoneyGram, which has nearly 500,000 retail locations globally, has experimented with blockchain rails since partnering with the Stellar Development Foundation in 2021. It has since built cash on and off ramps for stablecoins, developed APIs for crypto integration, and incorporated stablecoins into its internal settlement processes. “This launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins,” CEO Anthony Soohoo stated. The company emphasized compliance, citing decades of regulatory experience, though stablecoin oversight remains fluid. The US Congress passed the GENIUS Act earlier this year, establishing a framework for stablecoin regulation, which MoneyGram has pointed to as providing clearer guardrails. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/moneygram-stablecoin-app-colombia
Share
BitcoinEthereumNews2025/09/18 07:04
Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise

Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise

The post Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise appeared on BitcoinEthereumNews.com. In brief Forward Industries, the largest publicly traded Solana treasury company, filed to raise $4 billion through an at-the-market equity offering to expand its SOL holdings. The company’s stock (FORD) fell 8.2% following the announcement, while the proceeds could more than double the $3.1 billion currently held in Solana treasuries. DeFi Development Corp. also registered a preferred stock offering with the SEC, following similar funding tactics used by Bitcoin treasury companies like MicroStrategy. Forward Industries, the newest and largest publicly traded Solana treasury company, has filed to raise $4 billion through an at-the-market equity offering. For the sake of comparison, this $4 billion raise is nearly the same size as Bitcoin treasury Strategy’s Stride preferred stock raise in July. And it’s double the size of the Strife preferred stock offering the company did in May. The proceeds would be used for working capital; pursuit of its Solana token strategy, and “the purchase of income-generating assets to grow its business,” the company said in a press release. Forward Industries declined to comment to Decrypt on what other income-generating assets it’s considering adding to its balance sheet.  As markets opened Wednesday morning, Forward saw its stock price take a dive. The shares, which trade under the FORD ticker on the Nasdaq, dipped to $31.29 before rebounding to $34.28 at the time of writing—marking a 8.2% fall for the session. If the company sells all the shares and spends the bulk of the proceeds on buying Solana, it could more than double the amount of SOL being held in treasuries. At the time of writing, there’s already $3.1 billion in Solana treasuries, according to crypto price aggregator CoinGecko. Users on Myriad, a prediction market owned by Decrypt parent company DASTAN, have been growing more confident that SOL will reach $250 sooner than…
Share
BitcoinEthereumNews2025/09/18 12:43
Microsoft plans to invest $4 billion in building a second AI data center in Wisconsin

Microsoft plans to invest $4 billion in building a second AI data center in Wisconsin

Microsoft will invest $4 billion to build a second AI data center in Wisconsin, bringing its total investment in the region to over $7 billion.
Share
Cryptopolitan2025/09/19 03:05