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Economy & Business

IN FINLAND 68,000

Volvo recalls 2 million cars for seat belt repair

The Nomad Today 7/1/20

Due to a safety risk, 68,000 vehicles should receive a repair call in Finland.

An Airbus aircraft of the Scandinavian Airlines SAS lands at Tegel Airport. SAS has given notice to almost 1,600 employees in Denmark, union officials said on Monday. Photo: Bernd von Jutrczenka/dpa

Airline SAS to cut almost 1,600 jobs

The Nomad Today 6/29/20

The cuts include 684 cabin crew members and at least 176 pilots.

Finnish-Prime-Minister-Sanna-Marin-by-Lauri-Heikkinen-Vnk

RECESSION

EU leaders to debate face-to-face recovery fund on 17 July

The Nomad Today 6/23/20

Prime Minister Sanna Marín last week opposed the stimulus package, which includes € 500 million in grants to be distributed among member states.

Norwegian to resume flights from Helsinki to Stockholm and Oslo

The Nomad Today 6/17/20

The company will put 12 more planes into service.

McDonald's sees sharp drop in sales due to coronavirus

The Nomad Today 6/16/20

The burger giant reported that 95% of its restaurants around the world have now reopened.

The picture shows an American cockroach crawling along a surface in Frankfurt Main, Germany, 11 October 1996. Even cockroaches become doddery and lazy in old age. Once they have reached the biblical age of 60 weeks, their joints become rusty, they start to stumble and they have a hard time climbing up ascending slopes. According to a report in the magazine 'New Scientist' (No. 2422, P. 20), scientist at Case Western Reserve University in Cleveland, Ohio, USA, discovered that elderly cockroaches avoide open and unprotected space in order not to become a victim of dangerous predators. Photo: Stephanie Pilick/dpa

E-COMMERCE

Ex-eBay staff accused of sending live cockroaches to harass couple

The Nomad Today 6/16/20

The scheme included sending grotesque home deliveries, including a bloody pig Halloween mask, a funeral wreath and a box of live cockroaches.

People walk by a boarded up Macy's flagship store in Herald Square on the first day of the city reopening. Photo: Ron Adar/SOPA Images via ZUMA Wire/dpa

OECD: Covid-19 threatens world's worst peacetime recession in century

The Nomad Today 6/10/20

Even in the more favourable scenario, in many advanced economies, the equivalent of five years or more of per capita real income growth could be lost by 2021, the OECD warns.

08 June 2020, England, London: People come into the arrivals lounge in Terminal 2 at Heathrow Airport, as new quarantine measures for international arrivals come into force amid the spread of the coronavirus pandemic. Photo: Steve Parsons/PA Wire/dpa

Airlines protest as Britain begins Covid-19 quarantine for arrivals

The Nomad Today 6/8/20

Ryanair CEO Michael O'Leary says "millions of jobs" could be lost.

Vladimir-Putin-Gerhar-Schröeder-by-Kremlin.ru

Russia's Rosneft re-elects German ex-chancellor Schröeder as chairman

The Nomad Today 6/8/20

Schroeder, 76, has been repeatedly criticized in Germany for his ties to the oil giant and his close friendship with Vladimir Putin.

SAS got a guaranteed 300 million credit from Sweden and Denmark

The Nomad Today 5/5/20

The agreement is intended to support the airline’s liquidity and prepare for the recovery of its activities. Norwegian also approved a restructuring plan and in Finland the Government is preparing to…

Nokia-mobile-phone-smartphone-woman-nails by Pixabay.

Nokia is considering a merger with Ericsson and asset sales

The Nomad Today 2/27/20

The company's shares have lost a third of their value compared to 2019. A merger would allow to compete more effectively with the Chinese firm Huawei, but it could also destroy an important number of…

Factory-industry-pollution-smoke-environment-climate

Which EU country collects more revenue through environmental taxes?

The Nomad Today 2/20/20

Energy taxes account for the largest share, followed by transport and pollution taxes.

Euro area unemployment at 7.5%

The Nomad Today 1/9/20

Eurostat estimates that 15.58 million men and women in the EU28, of whom 12.31 million in the euro area, were unemployed in November 2019. Czechia, Germany and Poland recorded the lowest unemployment…

Black Friday: will you be shopping online today?

The Nomad Today 11/29/19

The percentage of Europeans who buy items online has doubled in the last 10 years. Men still tend to shop online slightly more than women. Within the EU, the highest proportion of internet buyers is…

Euro area annual inflation down to 0.9%

The Nomad Today 10/1/19

Food, alcohol & tobacco is expected to have the highest annual rate in September, according to Eurostat. Find in this article the estimated annual inflation rates for the EU Member States that…

EU about to lose its trade surplus with Africa

The Nomad Today 9/23/19

Sweden, Slovenia, Italy, the United Kingdom and Spain had a trade in goods deficit with the neigbouring continent in 2018.

The lowest unemployment rate in the euro area since 2008

The Nomad Today 8/30/19

There are still 15.6 million unemployed persons in the EU, of whom 12.3 million in the euro area. In Finland, unemployment rate increased slightly in July compared to the previous month but…

Singapore-EU trade in goods: €16 billion surplus

The Nomad Today 8/13/19

The EU ran a trade surplus with Singapore since 2008 but in 2018 it reached its highest level.

Production of gin in the EU increased by 62% in 10 years

The Nomad Today 6/10/19

Eight Member States produced 95% of the EU's gin.

Where does the honey we consume in Europe come from?

The Nomad Today 5/20/19

The 20th of May is the World Bee Day. Among other benefits, bees produce honey, a delicacy appreciated all over the world. So below we tell you who are the main countries importers and…