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Economy & Business

FILED - 22 October 2021, Bavaria, Munich: Robots from ABB work on the bodywork of various BMW models at the main plant. Germany as an automotive location has suffered much more than other countries from the semiconductor crisis, industry experts have warned. This year, only 2.85 million passenger cars will roll off the production line in Germany, according to a study published on Tuesday by the private Centre for Automotive Research (CAR). Photo: Daniel Josling/dpa.

BUSINESS

European car sales fall for sixth straight month

The Nomad Today/dpa 1/18/22

In Spain , new car sales tumbled 18.7 per cent in December, while they rose 1 per cent for the full year

One of Renfe's low cost high-speed trains (AVLO). Photo: Renfe.

FROM 21 JANUARY

Renfe launches low cost Madrid-Valencia high-speed train service

The Nomad Today 1/17/22

The Avlo tickets will go on sale on 20 January with prices starting at 7 euros .

BUSINESS

Spanish bank BBVA plans 7-billion-euro share distribution

The Nomad Today/dpa 1/17/22

The company will use this capital and any further capital it generates in future to continue investing in growing franchises and making additional distributions to shareholders

Electric vehicle charging point. Photo: Pixabay.

ENERGY

Repsol, Uber strike deal to boost electric mobility in Spanish cities

The Nomad Today/dpa 1/14/22

Repsol's recharging network currently has more than 2,000 operational recharging points

28 December 2021, Spain, Barcelona: Passers-by walk through the shopping street Portal del Angel under Christmas decorations. Photo: Jordi Boixareu/ZUMA Press Wire/dpa.

CONSUMER PRICES

Spanish inflation ended 2021 at 6.5%, the highest rate since 1992

The Nomad Today 1/14/22

The upward trend in the prices of electricity and food explain much of this increase

13 January 2022, Belgium, Brussels: EU Commissioner responsible for a Europe fit for the Digital Age Margrethe Vestager speaks during a press conference at the European Commission headquarters. The EU's competition regulator blocked the takeover of the South Korean shipbuilder Daewoo (DSME) by its competitor Hyundai Heavy Industries (HHIH). Photo: Valeria Mongelli/ZUMA Press Wire/dpa

INDUSTRY

EU regulator blocks merger of two South Korean shipbuilders

The Nomad Today/dpa 1/13/22

"The merger of HHIH and DSME would have created a dominant position in the world market for the construction of large liquefied natural gas carriers, on which European transport companies rely,"…

11 January 2022, United Kingdom, Dover: Lorries queue on the A20 for the Port of Dover in Kent, where delays are being caused to the transportation of goods across the channel after exports between Great Britain and the EU became subject to full customs controls on 1 January 2022. Photo: Gareth Fuller/PA Wire/dpa.

EMPLOYMENT

Demand for staff growing across Britain, survey of recruiters shows

The Nomad Today/dpa 1/13/22

The biggest demand for permanent jobs is in computing and IT, while for temporary positions it is nursing and care

Finnair Airport Stewardess cabin crew at Gate 3 by Finnair.

AIRLINES

Finnair to cut 20% of flights in February due to Covid-19 sick leave

The Nomad Today 1/12/22

The majority of the cancelled flights are on routes where Finnair operates multiple daily flights, such as Stockholm, Oslo, Copenhagen, Paris and Rome, so many customers will be offered an…

FILED - 20 March 2018, Brandenburg, Karstaedt: Wind turbines of the company Nordex rotate in a wind farm near Karstaedt. German wind turbine maker Nordex said on Tuesday that it has received an order for 380 MW wind turbines from Finnish utility company Fortum, in Nordex's first order from Fortnum. Photo: Jens Büttner/dpa-Zentralbild/dpa.

ENERGY

Nordex bags order to supply turbines for Spanish wind farm

The Nomad Today/dpa 1/12/22

The new Rea Unificado wind farm will be built in the northwest of Spain, in the province of Soria

BUSINESS

US tech giant IBM buys software provider Envizi for undisclosed sum

The Nomad Today/dpa 1/11/22

IBM said Envizi will also help expand IBM Consulting's sustainability practice

A general view of the Port of Barcelona. Photo: Pixabay.

BUSINESS

Spanish industrial production records strong 4.8% rebound

The Nomad Today 1/11/22

Industrial output rebounded at a faster-than-expected pace in November

FILED - 23 February 2021, Bremen, Bremerhaven: The 140-meter luxury yacht "Solaris" is seen docked at the Lloyd shipyard in Bremerhaven. Lloyd shipyard filed for insolvency on Monday. Photo: Sina Schuldt/dpa.

BUSINESS

Insolvent German shipyard looking for new owner

The Nomad Today/dpa 1/11/22

The steel and shipbuilding group Rönner, based in nearby Bremerhaven, had expressed interest in Lloyd in 2021

BUSINESS

Alstom inks 1.8 billion euro contract to supply trains to Norway

The Nomad Today/dpa 1/11/22

The new trains will be equipped with the latest ETCS2 signaling system and will feature an advanced odometry solution designed for the harshest winter conditions

28 December 2021, Spain, Madrid: Spanish Prime Minister Pedro Sanchez (L) and First Vice-President of the Government and Minister of Economic Affairs and Digital Transformation Nadia Calvino attend a plenary session at the Congress of Deputies where the 2022 General State Budget will be discussed. Photo: Eduardo Parra/EUROPA PRESS/dpa.

2022 FINANCING STRATEGY

Spain plans to issue € 75 billion of public debt despite EU funding

The Nomad Today 1/11/22

The government says the financing program for 2022 starts from a prudent scenario

CRYPTOCURRENCY

Bitcoin falls below 40,000 dollars for the first time since September

The Nomad Today/dpa 1/10/22

Other important digital currencies also came under pressure

BANKING

Spanish banks that will not charge account maintenance fees in 2022

The Nomad Today 1/9/22

The cost of having a bank account in Spain today can reach 240 euros per year, depending on the bank

CAR INDUSTRY

Mercedes-Benz recalls 800,000 cars worldwide due to technical fault

The Nomad Today/dpa 1/5/22

The replacement of the affected parts is scheduled to start in mid-to-late January, but it depends on the release of software and the availability of parts

Finnish wind mill turbine power by Kosti-Keistinen Pixabay

ENERGY

Nordex wind turbine maker wins order from Finnish company Fortum

The Nomad Today/dpa 1/4/22

The project marks the debut for the 6.X turbine variant for Nordex in the Nordic region and is located in the municipalities of Närpes and Kristinestad in southwestern Finland.