Latest news about business in The Nomad Today

Economy & Business

ECONOMY

Eurozone manufacturing growth for May comes in at 18-month low

The Nomad Today/dpa 6/2/22

Spain and Germany registered stronger improvements in May

30 May 2022, Belgium, Brussels: European Commission President Ursula Von der Leyen speaks to media upon his arrival to attend a special meeting of the European Council at the European Union headquarters. Photo: Nicolas Maeterlinck/BELGA/dpa.

Economy & Business

BUSINESS

Eurozone economic confidence rises slightly in May

The Nomad Today/dpa 5/31/22

Amongst the largest EU economies, the ESI rose markedly in Spain and, to a lesser extent, in France and Italy

Economy & Business

BUSINESS

Siemens Energy considers total takeover of Spanish subsidiary Gamesa

The Nomad Today 5/20/22

In a statement earlier this month, Christian Bruch, chief executive of Siemens Energy, said Gamesa's results had been "disappointing"

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

Economy & Business

BUSINESS

Lower profits for Spain's telecom giant Telefonica in Q1

The Nomad Today/dpa 5/12/22

At the end of the first quarter, net financial debt moved down by 23.3% to €27.453 billion on a year-on-year basis

Spain

POLITICS

Spain's economy minister refuses photo with group of managers for being all men

The Nomad Today 5/12/22

The first deputy to Prime Minister Pedro Sánchez warned in February that she would never again take a photo or participate in debates in which she was the only woman

10/05/2022. The Minister for Territorial Policy and Government Spokesperson, Isabel Rodríguez, and the Minister for Defence, Margarita Robles, during her speech at the press conference after the Council of Ministers. Photo: La Moncloa.

Economy & Business

BUSINESS

Spain launches line of guarantees to ensure liquidity of companies

The Nomad Today 5/11/22

This line, with a maximum amount of €10 billion, supports access to funds for companies affected by increasing energy and raw material costs due to the war in Ukraine

Woman-engineer-factory-production-plant-team-work-by-pexels

Economy & Business

ECONOMY

Spanish producer price inflation logs strongest pace since 1976

The Nomad Today 4/25/22

Producer price inflation (PPI) advanced to 46.6% in March, from 41.2% in the previous month

Business-staff-meeting-company-employees-team by Pixabay.

Entrepreneurs

ECONOMY

Creation of companies grows strongly in Spain, latest data show

The Nomad Today 4/12/22

In February, 9,237 companies were created in Spain, which is 5.1% more year-on-year , the highest increase for a month of February since the outbreak of the Covid-19 pandemic

Shopping cart in a supermarket. Photo: Pixabay.

Economy & Business

ECONOMY

Spanish retail sales report rebound for February

The Nomad Today/dpa 3/29/22

Employment in the retail trade sector increased 2.6% year-on-year

16 March 2022, Berlin: Finnish Prime Minister Sanna Marin holds a joint press conference with German Chancellor Olaf Scholz at the Chancellor's Office. Photo: John Macdougall/AFP-Pool/dpa.

Finland

ECONOMY

Finnish consumer confidence weakest since April 2020, new data shows

The Nomad Today/dpa 3/29/22

The operating environment has become very difficult for businesses due to high uncertainty, high inflation and the Russia-Ukraine war

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.

Economy & Business

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

Economy & Business

TELECOMMUNICATIONS

Spain's Masmovil and France's Orange announce Spanish joint venture

The Nomad Today 3/8/22

Orange Spain's enterprise value is at €8.1 billion, and Masmovil's enterprise value is at €11.5 billion

06 March 2022, Russia, Saint Petersburg: The logos of various payment systems with Sberbank written on them are pasted on a window of a store. Russia's largest bank - Sberbank - wants to ensure that people can pay and withdraw money with their cards even after Visa and Mastercard credit cards are switched off. Photo: Igor Russak/dpa.

Economy & Business

WAR IN UKRAINE

Credit card companies Visa and Mastercard suspend business in Russia

The Nomad Today/dpa 3/6/22

Russia's largest bank - Sberbank - wants to ensure that people can pay and withdraw money with their cards even after Visa and Mastercard credit cards are switched off

Economy & Business

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

FILED - 22 October 2021, Bavaria, Munich: Robots from ABB work on the bodywork of various BMW models at the main plant. Germany as an automotive location has suffered much more than other countries from the semiconductor crisis, industry experts have warned. This year, only 2.85 million passenger cars will roll off the production line in Germany, according to a study published on Tuesday by the private Centre for Automotive Research (CAR). Photo: Daniel Josling/dpa.

Economy & Business

BUSINESS

European car sales fall for sixth straight month

The Nomad Today/dpa 1/18/22

In Spain , new car sales tumbled 18.7 per cent in December, while they rose 1 per cent for the full year

Economy & Business

BUSINESS

US tech giant IBM buys software provider Envizi for undisclosed sum

The Nomad Today/dpa 1/11/22

IBM said Envizi will also help expand IBM Consulting's sustainability practice

Finnish wind mill turbine power by Kosti-Keistinen Pixabay

Economy & Business

ENERGY

Nordex wind turbine maker wins order from Finnish company Fortum

The Nomad Today/dpa 1/4/22

The project marks the debut for the 6.X turbine variant for Nordex in the Nordic region and is located in the municipalities of Närpes and Kristinestad in southwestern Finland.