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Economy & Business

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

ENERGY

Spain, France push for EU response to surging energy prices

The Nomad Today/dpa 10/4/21

This is not an issue that we can tackle at national level," Spanish Finance Minister Nadia Calvino said

FILED - A woman takes a 5-euro note out of her purse in this illustrative shot from April 29, 2021. Photo: Fernando Gutierrez-Juarez/dpa-Zentralbild/dpa.

CONSUMER PRICES

German inflation rate surpasses 4% for first time in 28 years

The Nomad Today/dpa 9/30/21

Higher inflation weakens the purchasing power of consumers

Phone-group-people-multicultural

BUSINESS

Subsidiaries of foreign companies employ 1.77 million people in Spain

The Nomad Today 9/30/21

The countries that contributed the highest number of subsidiaries were Germany, France and the United States

Stock photo of La Rambla in Barcelona, full of people. Photo: Pixabay.

CONSUMER PRICES

Rise in electricity and fuel prices raise inflation to 4% in Spain

The Nomad Today 9/29/21

Inflation reaches its highest annual rate in 13 years

A Swiss International Airlines aircraft takes off from Dresden International Airport. Photo: Sebastian Kahnert/dpa.

AIRLINES

Air carrier Swiss warns cabin crew to get vaccinated or face layoffs

The Nomad Today/dpa 9/28/21

Anyone unwilling to get the jab can expect to be fired in January

FILED - A scene from a Beijing construction project. The head of Chinese real estate group Evergrande, which is threatened with collapse, told employees in a letter that he is convinced the "darkest moment" can be overcome. Photo: picture alliance / dpa

REAL ESTATE

China's ailing Evergrande makes strong gains on stock exchange

The Nomad Today/dpa 9/23/21

The Chinese group has debts equivalent to more than 300 billion dollars

11 March 2021, China, Beijing: Deputies attend the closing meeting of the 4th session of the 13th National People's Congress at the Great Hall of the People. Photo: -/TPG via ZUMA Press/dpa

CHINA

European firms concerned over China's self-reliant economic course

The Nomad Today/dpa 9/23/21

It said Beijing is finding ways to exclude foreign companies from the market, and especially from strategic sectors

The First Vice-President of the Government and Minister for the Economy and Digital Transformation, Nadia Calviño, speaks at a press conference after the meeting of the Council of Ministers. Photo: La Moncloa.

BUSINESS

Spanish government forecast: economy will return to pre-pandemic levels by the end of the year

The Nomad Today 9/23/21

The Executive maintains that GDP will grow 6.5% this year, although the OECD raises the growth figure to 6.8%

08 September 2020, Mecklenburg-Western Pomerania, Mukran: A special vehicle transports a pipe for the Nord Stream 2 natural gas pipeline to a storage yard at the port of Mukran on the island of Ruegen. Special ships are being prepared in the port for the further construction of the Nord Stream 2 Baltic Sea pipeline. Photo: Jens Büttner/dpa.

ENERGY

EU countries discuss soaring energy prices

The Nomad Today/dpa 9/22/21

Wholesale prices for natural gas have been soaring for months

Ryanair-aircraft-on-ground.-Photo-by-Ryanair

BUSINESS

Ryanair planning to open a high quality aviation training center in Spain

The Nomad Today/dpa 9/18/21

The group announced plans to create 5,000 new jobs for post-Covid era

Women-shopping-mall-bags-beautiful-girls

CONSUMER PRICES

Spain inflation highest since 2012

The Nomad Today/dpa 9/18/21

The 3.3 per cent was the highest rate since October 2012, when inflation was 3.5 per cent

Woman-shopping-bags-sun-glasses-red-lips Photo: Pixabay.

CONSUMER PRICES

Electricity prices raise inflation in Spain in August

The Nomad Today/dpa 9/4/21

The harmonized index of consumer prices also increased

Luggage-travel-airport

COMPETITION

Travel portal Booking.com fined heavily in Russia

The Nomad Today/dpa 8/27/21

German courts have also dealt with the booking portal's terms and conditions in the past

08 September 2020, Mecklenburg-Western Pomerania, Mukran: A special vehicle transports a pipe for the Nord Stream 2 natural gas pipeline to a storage yard at the port of Mukran on the island of Ruegen. Special ships are being prepared in the port for the further construction of the Nord Stream 2 Baltic Sea pipeline. Photo: Jens Büttner/dpa.

ENERGY

Gazprom plans to start using Nord Stream 2 gas pipeline this year

The Nomad Today/dpa 8/19/21

The pipeline is divisive as it will bypass Ukraine, which relies on gas transit revenues

13 August 2021, South Korea, Uiwang: Samsung Electronics Co. Vice Chairman Lee Jae-yong leaves the Seoul Detention Center, following the Justice Ministry's approval on the parole. Lee was sentenced to two and a half years in prison by the Seoul High Court in a bribery case involving former President Park Geun-hye. Photo: -/yonhap/dpa

BUSINESS

Samsung heir released early from jail after corruption sentence

The Nomad Today/dpa 8/13/21

Lee was released along with more than 800 other prisoners on Friday, to mark Liberation Day, which falls on Sunday

PRODUCTION - 26 July 2021, Lower Saxony, Wolfsburg: Herbert Diess, Chairman of the Board of Management of Volkswagen AG, speaks during an interview with the German Press Agency (dpa). Photo: Carsten Koall/dpa

BUSINESS

Volkswagen posts record first half profits, ups forecast

The Nomad Today/dpa 7/30/21

Turnover rose by more than a third to more than 130 billion euros

BUSINESS

Nokia announces quarterly profit rise and improved annual outlook

The Nomad Today/dpa 7/29/21

Net sales for the second quarter rose to 5.31 billion euros from 5.09 billion euros last year

21 July 2021, Thuringia, Gera: Employees transport shipping boxes during a trial run at the logistics hall of the new Amazon logistics centre in Gera, a new site by the e-commerce company that will create around 1000 jobs. Photo: Bodo Schackow/dpa-zentralbild/dpa

E-COMMERCE

Amazon deleted more than 200 million fake reviews

The Nomad Today/dpa 7/25/21

Some companies sell false or fictitious product reviews

BUSINESS

Nokia to raise 2021 outlook based on good first half

The Nomad Today/dpa 7/14/21

"Our performance in the first half provides a good foundation for the full year," said Pekka Lundmark, Nokia President and CEO

Trucks. Photo: Pixabay.

ELECTRIC VEHICLES

Daimler, Traton and Volvo plan charge points for trucks across Europe

The Nomad Today/dpa 7/5/21

The companies are to set up a joint venture next year, investing 500 million euros