Thursday 12 November
Top stories of the day.
The Netherlands' minority coalition faces an existential threat after D66 and the CDA sided with the opposition to pass a tax agreement, bypassing their partner, the VVD. Opposition leader Geert Wilders has gleefully declared the government finished, leaving the cabinet in a state of political paralysis. Read more →
Chipmaker Nvidia has seen $600 billion wiped from its market valuation following the potential dismissal of CEO Jensen Huang. The leadership instability, triggered by an extramarital scandal and allegations of foreign espionage, has rattled the global AI sector and alarmed shareholders. Read more →
The Dutch House of Representatives has narrowly approved a significant overhaul of the nation's fiscal policy, introducing a capital gains tax on investments starting in 2029. The legislation, which also includes a tax on millionaires, now moves to the Senate amid deep divisions within the ruling coalition. Read more →
Discount retailer Action has posted a 14% revenue increase, reaching €12.8 billion in total earnings. With 3,530 stores now operating across Europe, the company continues to defy broader economic headwinds by aggressively expanding its retail footprint. Read more →
The political turmoil in The Hague has hampered Klaas Knot's campaign to lead the European Central Bank. With Prime Minister Rob Jetten forced to skip a crucial summit in Dublin, rivals from France and Germany have reportedly pivoted their support toward a Spanish candidate. Read more →
Compiled by AI from the most important headlines of the 24 hours before.