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Economy & Business

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

FILED - Illustration - A bitcoin is pictured on a table. The International Monetary Fund (IMF) has urged El Salvador to abandon Bitcoin as a means of payment. Photo: Ina Fassbender/dpa.

CRYPTOCURRENCY

IMF urges El Salvador to abandon Bitcoin as a means of payment

The Nomad Today/dpa 1/26/22

About 70% of El Salvador's approximately 6 million residents have no access to traditional financial services. Many depend on remittances from relatives in the United States

15 January 2022, Spain, A Coruna: People take part in a protest called by CIG-Industria of metal workers, from Plaza de Vigo to the headquarters of the Confederation of Employers in Plaza Luis Seoane, to demand a decent collective bargaining agreement. Photo: M. Dylan/EUROPA PRESS/dpa.

INDUSTRY

Spanish producer price inflation logs record high

The Nomad Today 1/25/22

The inflation rate was the highest since the series began in January 1976, the INE said

CAR INDUSTRY

Hyundai nearly triples profit in 2021 despite tough fourth quarter

The Nomad Today/dpa 1/25/22

The South Korean carmaker aims to achieve a 10-per-cent share of the global market for battery-powered electric vehicles by 2025

PHISHING

Fraud alert: Scam messages impersonating Spain's Caixabank

The Nomad Today 1/24/22

In the body of the message, the sender tells the clients that they must click on a link and access the bank's (fake) website to activate a new security system

23 January 2022, Spain, Madrid: Demonstrators hold banners during a protest under the name of the 'Great Demonstration of the Rural World' against the government's agricultural, environmental and animal welfare policies. Photo: Alejandro Martínez Vélez/EUROPA PRESS/dpa.

ECONOMY

Thousands of farmers protest against Spain's agricultural policies

The Nomad Today 1/23/22

Spain is one of the largest agricultural producers in Western Europe

The Third Deputy Prime Minister and Minister for the Ecological Transition and the Demographic Challenge, Teresa Ribera, during the press conference after the Council of Ministers. Photo: La Moncloa.

LETTER TO THE COMMISSION

Spain rejects in writing the EU plan to label gas, nuclear energy as green

The Nomad Today 1/21/22

The 27 EU countries have very different energy mixes and visions of how to reach zero emissions - whether it be nuclear, fossil fuel natural gas or sources like wind, solar or tidal.