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News about Economy & Business

Artificial intelligence. Photo: Pixabay.

DIGITAL TRANSFORMATION

Spanish government promotes Artificial Intelligence university chairs

The Nomad Today 3/23/22

The National Artificial Intelligence Strategy will mobilize a public investment of 600 million euros

FILED - 08 June 2021, Saxony, Dresden: A finished VW ID.3 is transported into a car tower during a press tour of Volkswagen's Transparent Factory. At the site in Dresden, 35 fully electric vehicles are produced every day. Europe's biggest carmaker Volkswagen posted a sharp rise in global sales on Friday as the world's auto industry rebounded from a crisis unleashed by the pandemic. Photo: Sebastian Kahnert/dpa-Zentralbild/ZB

IN VALENCIA

Next Volkswagen battery plant to be built in Spain

The Nomad Today 3/23/22

Madrid wants to drive billions of euros in public and private investment into the electromobility sector in the coming years, aiming to make Spain a hub for the technology

21 February 2020, Hamburg: Swedish climate activist Greta Thunberg speaks during a Fridays for Future protest calling for a better climate policy. A crunch deal announced on Tuesday by European Union leaders fails to highlight the need for stronger action on climate, young climate activists including Greta Thunberg of Sweden and Germany's Luisa Neubauer have said. Photo: Christian Charisius/dpa

BUSINESS

Sweden gives green light to controversial iron ore mine in north

The Nomad Today/dpa 3/22/22

Climate activist Greta Thunberg describes the decision of the Swedish government as "short-sighted, racist, colonial and anti-nature"

18/03/2022. Spanish Prime Minister Pedro Sánchez, during his meeting with the Prime Minister of Italy, Mario Draghi, the Prime Minister of Portugal, António Costa, and the Prime Minister of Greece, Kyriakos Mitsotakis. Photo: La Moncloa.

ENERGY CRISIS

Spain backtracks limiting price of electricity to 180 euros per MWh

The Nomad Today 3/22/22

Prime Minister Pedro Sanchez has been on a tour of several European capitals to try to gather support for his bid to decouple the price of electricity from that of gas

ILLUSTRATION - Facebook is giving itself a new name - Meta, as part of its efforts to develop a VR-focused platform it's calling the Metaverse. Photo: Fabian Sommer/dpa.

SOCIAL MEDIA

Facebook and Instagram banned in Russia as 'extremist'

The Nomad Today/dpa 3/21/22

The two services are already blocked in Russia

21 March 2022, Spain, Madrid: truck drivers protest with their vehicles at the Industrial Park Logistic. The transport sector entered its 8th day of an indefinite strike, called nationwide by the Platform for the Defence of the National and International Road Freight Transport Sector, to protest the unacceptable working conditions and fuel price surge. Photo: Carlos Luján/EUROPA PRESS/dpa.

BUSINESS

Spanish truck driver protests halt production at Volkswagen plant

The Nomad Today 3/21/22

The Polo, T-Cross and Taigo vehicle models are produced at the plant in the province of Navarra

FILED - 15 November 2021, Hessen, Frankfurt_Main: Deutsche Bank CEO Christian Sewing, speaks at the opening conference of the "Euro Finance Week" at the Kap Europa Congress Center. Sewing has warned against imposing new sanctions against Russia too soon. Photo: Arne Dedert/dpa.

WAR IN UKRAINE

Deutsche Bank boss cautions against further sanctions on Russia

The Nomad Today/dpa 3/19/22

Christian Sewing said that the German government must admit that the measures "have a negative effect on us"

Cars driving on a highway in Madrid. Photo: Pixabay/File Photo.

TAXATION

Tax on motor vehicles in Spain: when and how much to pay

The Nomad Today 3/17/22

Municipalities normally send a letter by mail to the owners of the vehicles informing them of the amount to be paid and the dates to make the voluntary payment

16/03/2022. The third vice president and minister for the Ecological Transition and the Demographic Challenge, Teresa Ribera, at the lower house of Parliament (Congress of Deputies). Photo: Eva Ercolanese/PSOE.

ENERGY CRISIS

Spain aims to cap the price of electricity in the EU at € 180/MWh

The Nomad Today 3/17/22

The maximum price of 180 euros/MWh existed in the Spanish and Portuguese regulation until 2019, when an EU directive banned the limits to the offers of electricity companies in the wholesale market

01/11/2022. Minister of the Presidency, Relations with the Courts and Democratic Memory Félix Bolaños appeared at a press conference after the meeting of the Council of Ministers. Photo: La Moncloa.

WAR IN UKRAINE

Government says energy prices in Spain will fall after 29 March

The Nomad Today 3/16/22

The government says that with this measure it intends to support citizens, families, companies and self-employed workers

HANDOUT - 15 February 2022, US, Bibb County: Battery production at the Mercedes-Benz site in Alabama. German car-maker Mercedes opened a new battery factory in the southern US state of Alabama on Tuesday, a key part of its plans to ramp up production of electric cars in the US. Photo: Mercedes-Benz AG/dpa - ACHTUNG: Nur zur redaktionellen Verwendung im Zusammenhang mit der aktuellen Berichterstattung und nur mit vollständiger Nennung des vorstehenden Credits.

CAR INDUSTRY

Mercedes opens battery factory in Alabama, eyeing electric car future

The Nomad Today/dpa 3/15/22

The focus on electric vehicles is part of a corporate offensive to bring eight fully electric vehicles to market, produced in seven different sites

HANDOUT - 24 February 2022, Belgium, Brussels: Sweden's Prime Minister Magdalena Andersson arrives to attend the Special meeting of the European Council on the situation in Ukraine. Photo: Alexandros Michailidis/EU Council/dpa - ATTENTION: editorial use only and only if the credit mentioned above is referenced in full.

INFLATION

Sweden set to cut fuel tax for car owners amid market turmoil

The Nomad Today/dpa 3/14/22

Additionally, car owners will get a one-off payment of between 1,000 and 1,500 krona while families with kids will see a boost in their living allowance