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Economy & Business

FILED - An electric car charges up at a BMW site in Leipzig, Germany. BMW chairperson Oliver Zipse on Wednesday warned that setting a date for the end of petrol and diesel cars could in fact harm the climate. Photo: Hendrik Schmidt/dpa-Zentralbild/ZB

ENERGY

BMW boss: Petrol and diesel ban could be 'harmful for the climate'

The Nomad Today/dpa 11/10/21

He pointed out that there are not enough charging stations for electric cars in Europe

Energy poverty cold home man cup by Pexels.

ECONOMY

Energy poverty grows in Spain shortly before winter

The Nomad Today 11/10/21

The inability to adequately heat the home increased 3.4 points in the last year in Spain, where energy poverty far exceeds the EU average

Gas pipeline Nord Stream 2 Photo: Stefan Sauer/dpa.

ENERGY

Gazprom fills European gas storage tanks as winter looms

The Nomad Today/dpa 11/9/21

Gazprom has come under heavy criticism from Europe, with many officials saying it had not prepared adequately for European demand

GOVERNMENT DECREE

Centrally heated buildings forced to install meters for each home

The Nomad Today 11/5/21

With a few exceptions, the owners of buildings that still have central heating will have to adapt their systems

10 October 2021, Spain, Lugo: A demonstrator sets fire to a banner with a portrait of the Spanish Minister of Industry, Reyes Maroto, during a joint rally of workers of Alcoa and Vestas factories to against job cuts and to demand the prevention of the factories' shutdown. Photo: Carlos Castro/EUROPA PRESS/dpa

STATISTICS

Spanish industrial production growth slows more than expected

The Nomad Today 11/5/21

Production growth has slowed every month since hitting a peak of 50.3% in April.

BUSINESS

Uber posts strong growth despite 2.4 billion quarterly net loss

The Nomad Today/dpa 11/5/21

Analysts had expected losses

USE OF MONEY

Rules, limits to use cash in Spain and avoid a tax investigation

The Nomad Today 11/3/21

In order to limit the possibilities of committing fraud or money laundering, the Spanish Ministry of Finance has imposed very strict rules that regulate the use of cash in Spain

ILLUSTRATION - Facebook is giving itself a new name - Meta, as part of its efforts to develop a VR-focused platform it's calling the Metaverse. Photo: Fabian Sommer/dpa.

SOCIAL MEDIA

Facebook to shut down its facial recognition system

The Nomad Today/dpa 11/3/21

The system automatically recognizes users and tags them in photos and videos

22 October 2021, Bavaria, Munich: Robot arms work on the bodywork of various BMW models at the main plant in Munich. Three months after starting the BMW iX electric SUV production, the German giant carmaker has now also started series production of the all-electric BMW i4. Photo: Sven Hoppe/dpa

CAR INDUSTRY

Sales of passenger cars plummet by more than 20% in Spain

The Nomad Today 11/2/21

Car manufactures blame the global shortage of semiconductors and the economic crisis, which has caused doubts among potential car buyers

CHILDHOOD OBESITY

Spanish businesses angered by planned ban on advertising sweets

The Nomad Today/dpa 10/29/21

The law would affect adverts for biscuits, sweets, ice cream, chocolate and cakes, along with soft drinks, sodas and other sugary drinks

29 October 2021, Greece, Athens: Outgoing German Chancellor Angela Merkel (2nd L) attends a meeting with Greek Prime Minister Kyriakos Mitsotakis at Maximos Villa. Merkel is on a two-day visit to Greece, whose financial crisis has marked much of her time in office and Germany's relations with Europe. Photo: Angelos Tzortzinis/dpa

GERMANY

German economy drags itself slowly out of pandemic in third quarter

The Nomad Today/dpa 10/29/21

The government and analysts expect the economic recovery to lose speed in the final quarter, as continuing shortages of raw materials and high energy prices bite

Minister of Finance, Nadia Calvino. Photo: La Moncloa/File photo.

ECONOMY

Spain GDP rises by 2% with domestic consumption in decline

The Nomad Today 10/29/21

The consumption of Spanish families, one of the main drivers of the Spanish economy, contracted by 0.5% in 3Q.

28 October 2021, Ukraine, ---: Facebook CEO Mark Zuckerberg is seen on a video displayed on a smartphone screen as he announces the new name for Facebook. Facebook changed its corporate name to Meta in a nod to the "metaverse." Photo: Pavlo Gonchar/SOPA Images via ZUMA Press Wire/dpa

TECHNOLOGY

Facebook changes name to Meta, signaling emphasis on virtual reality

The Nomad Today/dpa 10/29/21

Chief executive Mark Zuckerberg said the current brand is "so tightly linked to one product that it can't possibly represent everything that we're doing today, let alone in the future"

CONSUMER PRICES

Inflation soars in Spain: October records highest rise in 29 years

The Nomad Today 10/28/21

There are two main factors that explain the strong price increase in October

FINANCE

Spain's Banco Santander reports nine-month profit

The Nomad Today 10/27/21

For the nine months, the group's total income grew 3% to 34.6 billion euros

10/21/2021. Prime Minister Pedro Sánchez and the President of the European Commission, Ursula von der Leyen, before their meeting at the headquarters of the Commission, prior to the last European Council. Photo: La Moncloa.

ENERGY

EU rejects the European energy market reform requested by Spain

The Nomad Today/dpa 10/26/21

Disagreements between member states hardened before the Luxembourg meeting, with Sweden and Belgium joining the group opposing drastic interventions in the EU's energy market

ENERGY

Growing divide between EU ministers over rising energy prices

The Nomad Today/dpa 10/26/21

Germany, supported by Finland, the Netherlands, Denmark and Ireland among others, is facing Spanish and French demand for further action at the EU level in response to rising electricity and gas…

CAR INDUSTRY

BMW starts mass production of its i4, hoping to take on Tesla

The Nomad Today/dpa 10/23/21

By 2030, BMW wants to sell some 3 million cars, half of which would be fully electric

HANDOUT - 21 October 2021, Belgium, Brussels: European Council President Charles Michel (L) bumps fists with Spanish Prime Minister Pedro Sanchez (R) ahead of their meeting. Photo: Francois Lenoir/EU Council/dpa - ATTENTION: editorial use only and only if the credit mentioned above is referenced in full

ENERGY

Spain disappointed by EU split on energy prices

The Nomad Today/dpa 10/22/21

Consumers are already feeling the effects of higher electricity and heating bills, and concern about energy poverty or a backlash against EU climate policy is rife