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Economy & Business

The Minister of Transport, Mobility and Urban Agenda, Raquel Sánchez, at a press conference at the end of the meeting of the Council of Ministers. Photo: La Moncloa.

NEW DRIVING FEE

Government confirms: drivers will pay to use Spanish motorways

The Nomad Today/dpa 10/20/21

The draft of this new model includes that the owners of the most polluting cars - that is, the oldest ones - will pay more

TECH GIANT

Facebook name change is imminent, report says

The Nomad Today/dpa 10/20/21

Mark Zuckerberg is expected to announce the decision at the company's Connect conference on 28 October

FOREIGN TRADE

Spain exports grow 22.1% in 8 months, reach new all-time high

The Nomad Today 10/20/21

In August 2021 there was a trade deficit of 3.87 billion euros, 123.3% higher than in the same month of 2020

BUSINESS

Spanish companies invoiced 10% less for online sales in pandemic

The Nomad Today 10/19/21

Online sales represented 19.1% of total sales carried out by companies with 10 or more employees

FILED - 16 February 2014, Berlin: An Airbus aircraft of the Scandinavian Airlines SAS lands at Tegel Airport. SAS recorded huge losses in the last quarter due to the collapse of air travel demand during the coronavirus pandemic, the Scandinavian airline announced on Tuesday. Photo: Bernd von Jutrczenka/dpa.

AVIATION

Scandinavian airlines abolish mask requirement on regional flights

The Nomad Today/dpa 10/18/21

At Gardermoen Airport, near the Norwegian capital Oslo, the mask requirement was lifted on Friday

15 October 2021, Italy, Fiumicino: Employees of the Italia Trasporto Aereo (ITA) Airline work at Leonardo da Vinci International Airport after the company started operations on Friday. The first ITA flight is scheduled to take off from Milan Linate Airport. Photo: Redazione Telenews/ANSA via ZUMA Press/dpa

AIRLINES

Italy's new state airline ITA begins operations

The Nomad Today/dpa 10/15/21

ITA begins operations with 52 aircraft and 2,950 employees - a massive reduction from Alitalia's staff of some 10,000

Startup-entrepreneur-business-by-Austin-Distel-on-Unsplash

BUSINESS CONFIDENCE

21% of Spanish entrepreneurs have pessimistic expectations

The Nomad Today 10/15/21

Confidence is higher among SMEs than among large enterprises

RECORD INFLATION

The price of electricity in Spain rose 44% in the last 12 months

The Nomad Today 10/14/21

The overall effect of rising energy prices has increased the annual inflation rate to 4%, its highest level in 13 years

An Alitalia aircraft in flight. Photo: Pixabay.

AIRLINES

Last-ever Alitalia flight scheduled for Thursday evening

10/14/21

The airline will go out of service after 74 years in the aviation industry

Minister of Finance Maria Jesus Montero presented the draft budget of the State for 2022 in Parliament. Photo: Eva Ercolanese/PSOE.

TAXES

Tax changes included in the Spanish budget for 2022

The Nomad Today 10/13/21

There are three tax changes that will come into effect in 2022 and will affect large companies, the self-employed and pension plans

ENERGY

EU Commission recommends rapid action on high energy prices

The Nomad Today/dpa 10/13/21

The toolbox also includes measures to counter future price swings

FILED - A container forklift is on the move at Hamburg Hafen und Logistik AG's (HHLA) Container Terminal Tollerort (CTT). Photo: Christian Charisius/dpa

TRADE

China's foreign trade up 28.1% in September

The Nomad Today/dpa 10/13/21

China has overcome the coronavirus pandemic and trade is booming again

FILED - World Bank CEO Kristalina Georgieva speaks during an interview at the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP24). Photo: Omar Marques/SOPA Images via ZUMA Wire/dpa

FAVOURS TO CHINA

IMF chief Georgieva to stay on despite allegations

The Nomad Today/dpa 10/12/21

She is accused of putting pressure on employees to manipulate the Doing Business report in China's favour during her time at the World Bank

HANDOUT - 07 October 2021, Ireland, Dublin: Irish Finance Minister Paschal Donohoe speaks to reporters, at Government Buildings. Ireland’s 12.5% corporate tax rate is to be increased to 15%. Photo: Julien Behal/Irish Government /PA Media/dpa - ACHTUNG: Nur zur redaktionellen Verwendung und nur mit vollständiger Nennung des vorstehenden Credits

BUSINESS

Global minimum corporate tax adopted by 136 countries

The Nomad Today/dpa 10/9/21

Of the 140 OECD members, only Kenya, Nigeria, Pakistan and Sri Lanka have not joined up

TECHNOLOGY

Google to prevent climate change deniers from making money from ads

The Nomad Today/dpa 10/8/21

"Advertisers simply don’t want their ads to appear next to this content," the tech giant said in a statement

Finance Minister María Jesús Montero, at a press conference after the extraordinary meeting of the Council of Ministers. Photo: La Moncloa.

ECONOMY

Spanish Government approves the state budget bill for 2022

The Nomad Today 10/7/21

The bill includes aid to young people to spend on culture and to leave parental home and a controversial Housing Law with which it aims to influence rental prices and which has caused the rejection…

Woman-engineer-production-plant-worker by Pexels

INDUSTRY

Spain industrial production grows at a slower pace

The Nomad Today/dpa 10/6/21

Month-on-month, industrial production decreased 0.3%, following a 1.1% drop in July

Repsol chairman, Antonio Brufau (Left) and the company's CEO, Josu Jon Imaz. Photo: Repsol.

ENERGY

Repsol boosts renewable electricity generation targets

The Nomad Today/dpa 10/5/21

The company is making towards becoming carbon neutral by 2050

04 October 2021, United Kingdom, Hemel Hempstead: A staff member fills a fuel truck at Buncefield oil depot, known as the Hertfordshire Oil Storage Terminal. About 200 military personnel, including 100 lorry drivers, are expected to help tackle the supply problems at filling fuel stations. Photo: Joe Giddens/PA Wire/dpa

ENERGY

Q&A: Why are energy prices exploding and what can the EU do about it?

The Nomad Today/dpa 10/5/21

Consumers are having to dig much deeper into their pockets to keep their homes warm and appliances running. Soaring demand, low reserves but potentially also climate measures and market speculation…

FILED - 16 September 2020, Mecklenburg-Western Pomerania, Lubmin: A signpost stands in front of the natural gas receiving station of the Nord Stream 2 Baltic Sea pipeline. The controversial Nord Stream 2 pipeline has started being filled with gas, the company said on Monday. Photo: Jens Büttner/dpa-Zentralbild/dpa

ENERGY

Nord Stream 2 pipeline filled with gas for the first time

The Nomad Today/dpa 10/4/21

Ukraine has been particularly irate over the project as it faces the loss of millions of dollars in annual transit fees currently paid to transport gas to Europe through its territory