British telecom company Vodafone has agreed to sell its 50% stake in the Dutch joint venture VodafoneZiggo to its partner Liberty Global for €1 billion in cash. VodafoneZiggo will be integrated into the newly formed Ziggo Group, which the companies plan to list on the Amsterdam stock exchange in 2027.
Based on reporting by ad. Translated and condensed by LocalHeadlines.
Albert Heijn is experiencing major technical disruptions that have halted online deliveries and caused supply issues nationwide, prompting customers to flock to rival supermarkets. While competitors report increased traffic and sales, industry officials stress that the national food supply remains stable and secure.
Experts estimate that a recent cyber incident has cost supermarket chain Albert Heijn at least 10 million euros in lost revenue and operational expenses. The disruption has halted online ordering and caused supply chain issues in physical stores, leading to a significant drop in the parent company's market value.
Parent company Ahold Delhaize lost 787 million euros in market value in one day due to a major IT crisis impacting its retail chains. The technical disruption has caused logistics issues and empty shelves, though the company says it is working to resolve the situation.
Dutch advocacy group Offlimits is taking Meta to court to stop the sale of its AI smart glasses, citing widespread misuse of the device's camera for non-consensual filming. While Meta maintains the product is safe and defends its utility, the organization argues the device violates privacy laws and poses a significant threat to public safety.
The cloud company Nebius, based in Amsterdam, has signed on as the first client for a proposed AI gigafactory in Rotterdam. Although the project faces significant funding challenges and a lack of direct government subsidy, developers remain committed to building the facility to bolster Dutch computing power.
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