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Economy & Business

01 January 2022, Bavaria, Gundremmingen: No steam rises from the cooling towers of the Gundremmingen nuclear power plant, which shut down its operations on 31 December 2021 as part of the nuclear phase-out. Photo: Stefan Puchner/dpa.

ENERGY

Nuclear power and gas to count as green in EU climate neutral proposal

The Nomad Today/dpa 1/2/22

Nuclear power would be labelled as green because it emits no greenhouse gases

FILED - 18 August 2020, North Rhine-Westphalia, Duesseldorf: View of the Huawei Germany headquarters in Duesseldorf. Chinese technology company Huawei expects sales to fall by almost 30 per cent in 2021. Photo: Marius Becker/dpa.

BUSINESS

China's Huawei expects sharp drop in sales for 2021

The Nomad Today/dpa 12/31/21

In 2019, the US government, under then-president Donald Trump, imposed sweeping trade sanctions on Huawei, citing threats to US national security

CONTROVERSY

Carmaker pulls plug on advert accused of promoting sexual harassment

The Nomad Today/dpa 12/30/21

Some commentators accused the advert-makers of glamourizing sexual harassment

28 December 2021, Spain, Barcelona: Elderly people sit on a bench in the center of Barcelona. Photo: Jordi Boixareu/ZUMA Press Wire/dpa.

CONSUMER PRICES

Inflation in Spain registers highest rate in 30 years in December

The Nomad Today 12/30/21

The annual rate of the Consumer Price Index (CPI) rose again in the last month of 2021, reaching 6.7%

FILED - 22 August 2020, Mecklenburg-Western Pomerania, Mukran: Wind turbines trun in the wind in the Baltic Sea. Spanish-German firm Siemens Gamesa and energy firm Iberdrola have signed agreements to maintain wind turbines totalling 1,928 MW at 69 of the energy group's wind farms in Spain and Portugal for a period of between three and five years. Photo: Jens Büttner/dpa-Zentralbild/ZB.

BUSINESS

New contracts for Siemens Gamesa, Iberdrola in Spain and Portugal

The Nomad Today/dpa 12/29/21

The total workforce that is needed to maintain the wind farms included in these contracts accounts for around 160 employees

Shopping street city centre Spain. Photo: Pixabay.

BUSINESS

Spanish retail sales grow at the fastest pace in six months

The Nomad Today 12/28/21

The increase was the strongest since May

Spanish Prime Minister Pedro Sanchez, speaking by videoconference with Spanish troops deployed abroad on Christmas Eve. Photo: La Moncloa/file photo.

EU FUNDS

Europe transfers first € 10 billion of the recovery plan to Spain

The Nomad Today 12/28/21

Spain meets the objective of receiving the first disbursement linked to milestones and objectives before the end of 2021

The First Vice President and Ministry of Economic Affairs, Nadia Calvino. Photo: Ministry of Economic Affairs.

GOVERNMENT

Calviño to chair IMF's International Monetary and Financial Committee

The Nomad Today 12/26/21

The Board of Governors of the IMF confirmed her appointment for the next two years

A passenger plane takes off from the airport in Frankfurt am Main. Photo: Julia Cebella/dpa.

CANCELLATIONS

Thousands of flights axed worldwide at Christmas due to Omicron

The Nomad Today/dpa 12/25/21

US media reported that airlines had been hit by a shortage of healthy staff amid a spike in Covid-19 infections

FILED - 20 December 2021, Hessen, Frankfurt/Main: A Lufthansa passenger plane takes off from the airport in Frankfurt am Main. erman airline Lufthansa has had to cancel several intercontinental flights over the Christmas period because a number of its pilots are off sick, a company spokesperson said on Thursday. Photo: Boris Roessler/dpa.

CHRISTMAS FLIGHTS

Lufthansa cancels flights as pilots call in sick

The Nomad Today/dpa 12/23/21

Particularly affected are services flying to Boston, Houston and Washington over the Christmas period

12/14/2021. The Minister of Economic Affairs and Digital Transformation, Nadia Calviño, at a press conference after the meeting of the Council of Ministers. Photo: La Moncloa.

STATISTICS

Spain GDP growth higher than estimated in the third quarter

The Nomad Today 12/23/21

The central government highlighted in a statement that these data "show a solid growth pattern, with positive contributions from domestic and foreign demand"