Q1 | Latest news The Nomad Today

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Economy & Business

GDP

Spain GDP expands less than estimated in Q1

The Nomad Today/dpa 6/27/22

Year-on-year, economic growth accelerated to 6.3% from 5.5% in the fourth quarter

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

Economy & Business

BUSINESS

High costs and low sales hit Amazon

The Nomad Today/dpa 4/29/22

A net loss of $3.8 billion in the first-quarter, compared with a profit of $8.1 billion during the same period a year ago, was largely driven by its investment in electric carmaker Rivian

23 March 2022, Spain, Lugo: truck drivers protest with their vehicles as the transport sector entered its 10th 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: Jesús Hellín/EUROPA PRESS/dpa.

Economy & Business

ECONOMY - GDP

Spanish economy growth slows down as domestic consumption collapses

The Nomad Today 4/29/22

In the January-March period, the Spanish GDP grew only 0.3%, compared to 2.2% and 2.6% in previous quarters

The Nokia campus in Espoo (Finlnad): Photo: Nokia.

Economy & Business

BUSINESS

Nokia first quarter profits down, net sales rise

The Nomad Today 4/28/22

The company reported a 17% decline in profits, to €219 million ($231.9 million), compared to €263 million in the same quarter a year ago

Minister of Employment and Social Economy, Yolanda Diaz. Photo: La Moncloa.

Work

LABOR STATISTICS

Unemployment rises by 70,900 in Spain in the first quarter

The Nomad Today 4/28/22

The loss of 100,200 jobs registered in the first three months of the year especially affected the private sector

Minister of Finance Annika Saarikko (Center Party). Photo: Lauri Heikkinen/Vnk.

Finland

PUBLIC FINANCES

Finland's debt relative to GDP is close to 70%

The Nomad Today 6/24/21

General government debt has grown by 10.4 billion euros compared with the respective period of the year before

Cleaning workers trying to disinfect the Metro in Helsinki. Photo: Foreigner.fi.

Finland

COMPETITIVENESS

Increasing labour costs in public and private sectors in Finland

The Nomad Today 6/9/21

In the local government sector, the cost of an hour worked increased by 3.7% in January to March when compared with the respective period of the year before.

Trucks with cargo entering the port of Helsinki. Photo: Jarmo Vehkakoski/Port of Helsinki.

Finland

NATIONAL ACCOUNTS

Finland's GDP shrinks in first quarter driven by declining consumption

The Nomad Today 5/30/21

The volume of exports also fell significantly.

Finland

LABOUR FORCE SURVEY

Unemployment in Finland 8.3% in the first quarter

The Nomad Today 5/4/21

The employment rate stood at 70.7% in March, still a long way from the 75% target set by the Government chaired by Prime Minister Sanna Marin for this term.