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News about Economy & Business

FILED - 28 April 2021, Berlin: A general view of the Google Chrome app on the screen of a smartphone. Tech giant Google has decided to overhaul the visual identity of its Chrome browser, the first change it has initiated in eight years. Photo: Fabian Sommer/dpa.

INTERNET

Google Chrome gets visual identity overhaul after eight years

The Nomad Today/dpa 2/7/22

The first changes since 2014 are very subtle, and will be visible on both the app and web version of the browser within the next few months

RETAIL

Amazon increases the fee for its Prime membership service

The Nomad Today/dpa 2/4/22

At present, Amazon has more than 200 million paid subscribers worldwide.

CONSUMER PRICES

Filling the car's gas tank in Spain has never been so expensive

The Nomad Today 2/3/22

The average price of gasoline in Spain set an all-time record, according to the latest Oil Bulletin of the European Commission

ENERGY

Oil and gas giant Shell plans share buyback after strong recovery

The Nomad Today/dpa 2/3/22

Revenue for the quarter nearly doubled to $85.3 billion from $44 billion in the previous year

FILED - 06 September 2021, Bavaria, Munich: Oliver Zipse, Chairman of the Board of Management of BMW AG, stands at the BMW booth during the press day ahead of the International Motor Show. Zipse warned against what he called a "premature and ill-considered" ban on combustion engines, even though electric mobility is a fast-growing market segment. Photo: Sven Hoppe/dpa.

AUTOMOTIVE

BMW boss warns against 'premature' ban on combustion engines

The Nomad Today/dpa 2/3/22

Oliver Zipse said combustion engine should not be abandoned "unilaterally for ideological reasons"

22/12/2021. Finance Minister María Jesús Montero speaks at the lower house of Parliamente (Congreso de los Diputados). Photo: Eva Ercolanese/PSOE.

TAX FRAUD

Spanish Tax Agency focuses new anti-fraud plan on cryptocurrencies

The Nomad Today 2/2/22

The objective of the Treasury is to tax the capital gains derived from this type of operations with virtual currencies

HANDOUT - 02 February 2022, Belgium, Brussels: European Financial Services Commissioner Mairead McGuinness speaks during a press conference in Brussels. Photo: Lukasz Kobus/European Commission/dpa - ATTENTION: editorial use only and only if the credit mentioned above is referenced in full.

CONTROVERSY

EU executive labels gas, nuclear energy as sustainable investments

The Nomad Today/dpa 2/2/22

The environmental group Greenpeace accused the commission in a statement of an "attempted robbery" of climate funds with its "anti-science plan"

BANKING SECTOR

Spain's Banco Santander achieves full-year profit

The Nomad Today/dpa 2/2/22

Total income for the year was 46.40 billion euros up from 44.28 billion euros last year

dpatop - 2021: A projection by the environmental protection organization Greenpeace shines on the German nuclear power plant Grohnde (long exposure). A debate has flared up in the EU about the climate impact of nuclear power plants. Photo: Julian Stratenschulte/dpa.

ENERGY

EU to classify nuclear and gas as sustainable energy investments

The Nomad Today/dpa 2/2/22

Spain in January rejected the move in joint letter to the European Commission with Denmark, Austria and Luxembourg

FILED - A lettering with the inscription "Mercedes-Benz" is emblazoned in front of the plant entrance at the headquarters of the car manufacturer. According to the automaker, this is intended to highlight its focus on the car and van business. Daimler's truck division was spun off last year and became independent. Photo: Bernd Weißbrod/dpa.

BUSINESS

German carmaker Daimler officially changes its name to Mercedes-Benz

The Nomad Today/dpa 2/1/22

Mercedes-Benz is now concentrating on the car and van business

FILED - 04 July 2011, Baden-Wuerttemberg, Karlsruhe: Euro coins lie on a Euro flag. The rate of inflation in the 19 countries of the eurozone recuperated slightly to 0.4 per cent in July, according to a first estimate from EU statistical office Eurostat. Photo:Uli Deck/dpa.

ECONOMY

Eurozone GDP growth eased in fourth quarter

The Nomad Today/dpa 1/31/22

On a yearly basis, economic growth accelerated to 4.6 per cent from 3.9 per cent in the preceding quarter

Woman-girl-supermarket-lemon-fruits-shop-food-mask-flu-sick-ill-influenza by Pexels.

BUSINESS

Spain retail sales decline in December

The Nomad Today 1/31/22

Food sales decreased 2.6 per cent, while non-food sales plunged 10 per cent

FILED - 05 April 2020, Ireland, Dublin: Ryanair jets park up on the runway of Dublin airport as flights are down by 83% due to Coronavirus. Ryanair, Europe's largest low-cost airline, said that traffic for the month of December surged to 9.5 million passengers from last year's 1.9 million. Photo: Niall Carson/PA Wire/dpa.

AIRLINES

Ryanair loses 96 million euros due to Omicron

The Nomad Today/dpa 1/31/22

However, the loss was narrower than last year's loss of 321 million euros

A fresh food market in Palma. Photo: Pixabay.

CONSUMER PRICES

Spanish inflation rises 6% in January, remains at 30-year high

The Nomad Today 1/31/22

The Consumer Price Index continues at rates not seen for 30 years

Jose Ignacio Goirigolzarri (L) and Gonzalo Gortázar at CaixaBank results press conference. Photo: CaixaBank..

BANKING SECTOR

CaixaBank posts a recurring profit of 2,36 billion euros in 2021

The Nomad Today 1/28/22

The bank announced that it will pay more than € 1.1 billion in dividends to shareholders in the coming months

AUTOMOTIVE

Toyota retains its crown as world's biggest car seller in 2021

The Nomad Today/dpa 1/28/22

The Japanese automotive manufacturer knocked German car giant Volkswagen from the top position

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

NATIONAL ACCOUNTS

Spanish economy grows 5% in 2021, well below the Government forecast

The Nomad Today 1/28/22

Foreign demand has been a growth driver: exports grew by 6.5% quarterly and 15.8% compared to the previous year

28 October 2021, Ukraine, ---: Facebook CEO Mark Zuckerberg is seen on a video displayed on a smartphone screen as he announces the new name for Facebook. Facebook changed its corporate name to Meta in a nod to the "metaverse." Photo: Pavlo Gonchar/SOPA Images via ZUMA Press Wire/dpa

BUSINESS

EU watchdog conditionally approves Meta takeover of Kustomer

The Nomad Today/dpa 1/27/22

The Wall Street Journal reported at the time that Kustomer was valued at just over 896 million euros (1 billion dollars)

The Minister of Finance and Public Function, María Jesús Montero, speaks at a press conference after the meeting of the Council of Ministers. Photo: La Moncloa.

'FORM 720'

EU Court says declaration of overseas assets required by Spain is illegal

The Nomad Today 1/27/22

Spain now has to adjust the law to the terms of the ruling and the taxpayers who have been sanctioned will be able to claim the amounts of the fines from the State

CRYPTOCURRENCY

Bitcoin hits lowest level in half a year as crypto downturn continues

The Nomad Today/dpa 1/26/22

Rising interest rates are toxic for particularly risky investments such as digital currencies because they tend to increase the attractiveness of investments perceived as safe