Business News in English
Latest business headlines from Dutch news, translated into English.
Netherlands wants to save emergency oil reserves, but pressure to release more grows
The Netherlands is resisting international pressure to release additional strategic oil reserves, arguing that these should be used only for severe supply crises rather than managing global prices. Wh...
Pieter's warning about empty shelves came true, but: 'Was surprised they had no backup'
Researcher Pieter Zwaan predicted potential food supply chain issues in the Netherlands earlier this year. His warnings were confirmed on Monday when Albert Heijn stores quickly faced empty shelves, h...
Empty shelves show the Netherlands is poorly prepared for a major cyber threat
A recent IT incident at Albert Heijn exposed the Netherlands' susceptibility to cyber threats, leading to calls for improved digital resilience and better contingency planning. Experts urge organizati...
IT issues at Albert Heijn cause extra pressure at Picnic, run by Ahold CEO’s brother: ‘No tension between us’
Online supermarket Picnic has seen a surge in orders due to a cyber incident affecting competitor Albert Heijn. Founder Michiel Muller, brother of the Ahold Delhaize CEO, confirmed that the company is...
Daycares and the elderly do their own grocery shopping, AH competitors benefit
A cyber security incident at Albert Heijn has halted grocery deliveries, forcing childcare centers and elderly residents to shop at physical stores or switch to competitor services. The resulting surg...
Netflix cuts around 1,000 jobs, 6 percent of global workforce
Netflix is cutting about 1,000 jobs, or 6 percent of its global workforce, due to slowing company growth. The layoffs will mainly impact the technology, product, legal, and human resources departments...
Albert Heijn has not filed a report regarding cyber incident, Public Prosecution Service invites supermarket to do so
Albert Heijn has not yet filed a formal police report following a significant cyberattack, leaving the Public Prosecution Service unable to launch a criminal investigation. While the company works to ...
Court wants further investigation in case against former Jumbo CEO Van Eerd
The court of appeal has instructed the Public Prosecution Service to expand the case file against former Jumbo CEO Frits van Eerd by adding new documents and hearing additional witnesses. Van Eerd, wh...
UWV halts 55 million euro IT project: 'Not enough confidence'
The Dutch employee insurance agency UWV has terminated its 55 million euro digital matching project after five years, citing a lack of confidence in the program's success. While the software provider ...
Textile hub for sustainable fashion to open in former printing plant near Sloterdijk: 'Eventually this should become the norm'
A new sustainable fashion center known as the Textielhub has opened in a former printing facility near Amsterdam's Sloterdijk district. This industrial location allows eco-friendly textile companies t...
Starter loan funds drying up due to rising house prices
Rising house prices in the Netherlands have exhausted municipal starter loan funds as first-time buyers increasingly require higher loan amounts. Mortgage advisors are now advocating for a stable, nat...
Limburg province invests thousands in campaign for 'authentic' Limburg vlaai
The Dutch province of Limburg is spending 200,000 euros on a campaign to promote the authenticity of Limburg vlaai following its 2024 European protected status. The project, led by local bakers, aims ...
Callout: Are you affected by Albert Heijn not delivering groceries? We want to hear from you
Journalists are looking for individuals who have faced difficulties because Albert Heijn does not deliver groceries to their location. Affected people are encouraged to share their personal stories fo...
Liveblog: Cyber crisis at AH | Minimal disruption at Etos and Gall & Gall, Albert Heijn restarts distribution centers
Albert Heijn continues to face severe disruptions four days after a cybersecurity incident crippled its online services and logistics. While distribution centers are restarting operations, the company...
Tech reporter Jelmer Luimstra: Wild rumors circulate about potential Ahold hack
Albert Heijn has faced four days of operational disruptions due to a suspected cyberattack that has left store shelves across the Netherlands empty. While the company has not confirmed a hack, experts...
Regional transport strikes in full swing: 'It varies by region'
Regional transport workers in the Netherlands have begun a series of weekly strikes after collective labor agreement talks failed. Employees are pushing for better pay and improved working conditions,...
Cyber incident costs Albert Heijn at least 10 million euros, experts estimate
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 ...
Construction of temporary shopping center underway: vacancies at 'old' Beatrixplein in Haarlem
The aging shopping center at Prinses Beatrixplein in Haarlem is being demolished to make way for a large-scale redevelopment project featuring over 500 new homes and modern facilities. A temporary sho...
Albert Heijn resumes store deliveries today
Albert Heijn has resumed deliveries to its stores today. The supermarket chain is currently in the process of providing further updates regarding the situation.
ASML records 113,000 euros profit per employee and enters global top three
ASML has achieved record financial results with a quarterly profit of nearly 5 billion euros, driven by massive global demand for its chip manufacturing machines. The company has reached a 42 percent ...
MediaMarkt pulls crypto wallets from shelves over stolen currency
MediaMarkt has removed Ledger cryptocurrency wallets from its online platform after it was discovered that some devices were tampered with by a third-party seller to steal digital assets. While no rep...
From Nedersaksen line to A20 highway: billion-euro deficit forces cabinet to make tough infrastructure choices this week
The Dutch government is set to make challenging decisions this week on infrastructure investment due to a multi-billion euro budget deficit. Officials must weigh the urgent need to repair aging roads ...
Albert Heijn restarts systems, shelves may not be fully stocked for a week
Albert Heijn is working to restore its internal systems after a recent cybersecurity incident caused supply chain disruptions and halted online grocery deliveries. The company expects it could take up...
ASML cannot keep up with high demand: order flow rises further after strong quarter
Chip equipment manufacturer ASML reported a strong quarter and continues to face high demand for its machines. The company intends to scale up its operations as client orders are projected to remain r...
Liveblog: Cyber crisis at AH | Many empty shelves in Albert Heijn stores, app and delivery service down
Supermarket chain Albert Heijn is facing its fourth day of widespread disruptions following a major cybersecurity incident that has disabled its app, website, and delivery services. While physical sto...
Regional transport workers go on strike: 'I want to stand up for my future'
Regional bus drivers in the Netherlands have launched a series of strikes to protest proposed changes to their work schedules and longer, ten-hour shifts. The workers argue these new conditions negati...
OpenAI employee arrested for planting hidden listening device
An OpenAI engineer, Abdulrahman Alfozan, has been arrested for allegedly planting a hidden eavesdropping device in the company's executive boardroom. While the suspect faces federal charges, OpenAI ma...
Albert Heijn warns of phishing risk after cyber incident, investigation ongoing
Albert Heijn is investigating a cybersecurity incident that has caused significant disruptions to its online services, delivery operations, and store supply chains. The supermarket chain has reassured...
Albert Heijn violates employee terms of employment according to union
The labor union FNV accuses Albert Heijn of breaching employment contracts by failing to pay staff for shifts canceled due to a recent cybersecurity incident. While the union demands compensation for ...
Dating app Bumble to be acquired and delisted from stock exchange
Bumble is being acquired by Ithaca Holdings for 6.05 dollars per share, marking the dating app's exit from the stock market. The move follows a period of declining user engagement as the platform atte...