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Economy & Business

ENERGY

Price of electricity in Spain sets new record due to rising gas price

The Nomad Today 12/15/21

The most expensive time of the day will be between 8:00 p.m. and 9:00 p.m ., when electricity will reach a price of 319.13 euros per megawatt hour

BUSINESS

H&M Group Q4 net sales rise on firm demand

The Nomad Today/dpa 12/15/21

At the end of the quarter, around 115 stores remained temporarily shut, mostly in Austria and Slovakia

welding welder factory industry by Pixabay.

INDUSTRIAL OUTPUT

Spanish industrial production falls for first time in 8 months

The Nomad Today/dpa 12/10/21

Among components, capital goods posted the biggest fall

FILED - 05 January 2015, US, Las Vegas: A visitor holds an LG G Flex 2 smartphone at the consumer electronics show CES 2015. The South Korean electronics manufacturer LG is closing its loss-making mobile phone business. Photo: picture alliance / dpa

COMMUNICATIONS

EU extends ban on mobile phone roaming fees for another decade

The Nomad Today/dpa 12/9/21

The EU first brought an end to roaming charges when it struck a similar deal in June 2017

BUSINESS

Italy's competition regulator hits Amazon with 1.1-billion-euro fine

The Nomad Today/dpa 12/9/21

The Italian competition authority said Amazon had abused its position

Prime Minister Pedro Sanchez (L) with Minister of Economic Affairs Nadia Calvino (C) and Minister of Employment Yolanda Diaz in Parliament. Photo: Eva Ercolanese/PSOE.

BUSINESS

Spain's 2021 net public debt issuance to be 25% lower than estimated

The Nomad Today 12/8/21

The average cost of the debt issued in the year will be negative for the first time in history, at -0.02%

The First Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, at a press conference at the end of the Council of Ministers meeting. Photo: La Moncloa.

GOVERNMENT

Nadia Calviño, European candidate to chair IMF's main advisory body

The Nomad Today 12/8/21

The European ministers of Economy and Finance agreed to propose her to succeed the Swedish Magdalena Andersson , who leaves the post after her appointment as Prime Minister of her country

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

ASIA

China's real estate giant Evergrande warns it could run out of money

The Nomad Today/dpa 12/4/21

Evergrande is considered the most indebted real estate company in the world

INFLATION

Eurozone inflation rate climbs to highest point ever at 4.9%

The Nomad Today/dpa 11/30/21

Energy prices rose 27.4% year-on-year in the 19-country currency area in November

Shopping cart in a supermarket. Photo: Pixabay.

CONSUMER PRICES

Inflation in Spain set new record due to rising food and fuel prices

The Nomad Today 11/29/21

Spanish public pensions will rise 2.5% in 2022 if this 5.6% rise in the advance of the CPI is confirmed on 15 December, when the INE publishes the final data

Hybrid electric cars charging. Photo: Pixabay.

ECOLOGICAL TRANSITION

More than 1,000 Spanish gas stations to offer electric car charging

The Nomad Today 11/26/21

The proposal allows three general exceptions to the obligation

BUSINESS

Spain offers €500 million in bonuses for digitalization of SMEs

The Nomad Today 11/25/21

It is planned for the future to continue opening new calls for the Digital Kit program, aimed at companies of other sizes

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

ECONOMY

Spain producer price inflation strongest on record

The Nomad Today/dpa 11/25/21

Energy prices logged an annual growth of 87.3% in October

07 March 2021, India, Kolkata: Indian Prime Minster Narendra Modi addresses supporters of the Bharatiya Janata Party (BJP) during a mass rally ahead of the state legislative assembly elections at the Brigade Parade ground in Kolkata. Photo: Avishek Das/SOPA Images via ZUMA Wire/dpa

MONEY

India seeks to ban most cryptocurrencies, causing prices to tank

The Nomad Today/dpa 11/24/21

The bill seeks to prohibit all private cryptocurrencies in India, however, it allows for certain exceptions

BANKING

Five Spanish commission-free bank accounts

The Nomad Today 11/23/21

Having a bank account in Spain has become increasingly expensive, but it is still possible to avoid many fees

blonde woman mobile smartphone by Pixabay.

CELLULAR COVERAGE

Telefonica, Skydweller Aero partner on communication solutions

The Nomad Today/dpa 11/22/21

The two companies noted that they will work closely to solve the coverage and connectivity gap

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.

INNOVATION

EU to invest over one billion euros in climate-friendly tech projects

The Nomad Today/dpa 11/17/21

The fund aims to allocate 25 billion euros over the next decade for the development of low-carbon technologies to help de-carbonize the EU's economy

man online shopping purchase credit card buy by Pexels.

ICT

E-commerce sales and number of online buyers growing rapidly in Spain

The Nomad Today 11/16/21

Almost 19.5 million people or 55.2% of the population aged 16 to 74 have made purchases online in the last three months of this year 2021.

CONSUMER PRICES

Rising electricity and fuel prices drive inflation to 40-year record

The Nomad Today 11/12/21

The situation is becoming more and more complicated for families due to the rise in prices of basic necessities such as electricity (62.8%), liquid fuels (57.1%) and gas for heating (11.3%)