Business News in English
Latest business headlines from Dutch news, translated into English.
Volkswagen cuts profit outlook due to restructuring and slowdown in China
Volkswagen has slashed its profit outlook to 1 percent due to rising costs at its German plants and declining sales in China. The company plans to double its global job cuts to 100,000 and has recorde...
NAP+ art fair in Markthal seeks to distinguish itself: ''Atmosphere less commercial''
The NAP+ art fair is currently taking place at the Centrale Markthal in Amsterdam, featuring 53 galleries with a focus on affordability and a less commercial atmosphere. The event aims to support emer...
Two Saudi East-West pipeline pumping stations damaged
A drone attack from Iraq has damaged two pumping stations on a major Saudi Arabian oil pipeline, forcing a temporary closure. The disruption has resulted in cancelled oil shipments to at least two Eur...
New housing targets at risk due to power grid limitations: ‘We have major concerns’
Approximately 300,000 planned new homes in the Netherlands are currently stalled due to severe capacity constraints on the national electricity grid. Industry leaders warn that these grid issues, comb...
ABN AMRO labor negotiations halted over disagreement on mandatory office days
Labor negotiations at ABN AMRO have stalled as unions reject the bank's proposal to mandate office attendance for 50 percent of working hours within the collective agreement. Both parties remain divid...
Thomas wanted to work two evenings in hospitality, now he is co-owner of three businesses
Thomas Voorn, who initially planned to work only two nights a week at an Amsterdam restaurant, has become a co-owner of three local hospitality businesses. Despite a non-linear career path that includ...
We are making our buildings increasingly sustainable
Building sustainability is being improved through the installation of solar panels, heat pumps, and insulation. These measures, including green roofs and facades, are designed to prepare buildings for...
Warren Buffett steps down as Berkshire Hathaway chairman
Warren Buffett has officially stepped down as chairman of Berkshire Hathaway and will now serve as chairman emeritus. He is succeeded by Howard Buffett, who is tasked with maintaining the company's co...
What you need to know about dynamic airline pricing: 'They can charge whatever people are willing to pay'
Dynamic pricing for airline tickets allows carriers to significantly increase costs based on high demand for events such as festivals, concerts, or sports competitions. Experts note that companies are...
ECB President Lagarde leaves door ajar for early departure
ECB President Christine Lagarde has raised questions about her future by declining to confirm she will remain in office until her term ends in October 2027. Potential successors are already being disc...
Judge: new owner of Vogelenzang family campsite may hear witnesses
The municipality of Bloemendaal lost an appeal in a dispute over the stalled development of 350 chalets at the former Vogelenzang campsite. A court ruled that the owner, MarinaParken, may call witness...
Power bank that exploded on KLM flight belonged to former director Camiel Eurlings
A KLM flight returned to Amsterdam after a power bank exploded in the business class cabin, causing minor injuries to one passenger. The device reportedly belonged to former KLM director Camiel Eurlin...
Auctioned guitar of The Smiths guitarist Johnny Marr raises over four hundred thousand
A 1982 Rickenbacker guitar owned by Johnny Marr sold for over 400,000 pounds as part of an auction that raised nearly 3.65 million pounds for charity. The collection, which included other notable inst...
Zeeland shipping industry suffers millions in losses due to dry summer
The shipping industry in the Zeeland region suffered millions in losses this summer as low water levels forced restricted operations at the Terneuzen locks. Cargo transport was severely hampered, lead...
Transport companies going bankrupt in droves due to expensive diesel and new truck tax
Smaller transport companies in the Netherlands are filing for bankruptcy in record numbers due to a combination of surging diesel prices, a new national truck tax, and infrastructure delays. Economist...
Deep financial losses for Utrecht bus operator Keolis, situation 'unsustainable'
Bus operator Keolis has reported severe, unsustainable financial losses in its Utrecht Buiten transport operations due to inflation and labor shortages. The provincial authorities are currently evalua...
French fishermen furious over fuel prices block ports for hours
French fishermen recently organized nationwide port and oil terminal blockades to protest the record-high fuel prices affecting their industry. The government ended the demonstrations by agreeing to i...
Mystery packages are on the rise, now in Haarlem too: how innocent is this hype?
Pop-up stores selling mystery packages of returned goods are becoming increasingly popular across the Netherlands, including a new location in Haarlem. While customers are drawn by the excitement of p...
Gas price more than triples, district heating customers also face potential price hikes
The Dutch Authority for Consumers and Markets is determining 2027 heat tariffs based on gas contract prices, with experts warning of potential price hikes between 20 and 45 percent. Since wholesale ga...
More Britons, French, Belgians and Germans: The Netherlands experienced a record-breaking summer for tourism
The Netherlands saw a significant boost in tourism this summer, with record visitor numbers from Germany, Belgium, France, and the UK despite a VAT increase. Domestic travel also grew strongly, with h...
Is the city's tourism policy driving away the wrong visitors? Coalition refuses to change course
Amsterdam's coalition government is facing backlash from the hospitality and business sectors due to a sharp decline in business travelers and plans to increase tourist taxes to the highest level in t...
The longer products are past their expiration date, the bigger the discount at Helen’s Win Win Winkel in Noord: ‘A waste to throw away’
Helen’s Win Win Winkel has opened in Amsterdam-Noord, offering discounted products, including those past their expiration date, to reduce waste and support budget-conscious shoppers. Founded by Hele...
Solar panels become a cost burden for tenants as the cabinet keeps a tight grip on spending
Tenants in the Netherlands with solar panels face financial burdens as the net-metering scheme ends in 2027, making rental costs higher than the electricity yields. Despite calls for government interv...
Cleaners reject new collective labor agreement: 'It is hard work'
Cleaners in the Netherlands are participating in a five-day strike to protest a new collective labor agreement that they argue provides insufficient sick pay and inadequate wage growth. The FNV union ...
‘This will be the death blow’: Westland entrepreneurs sound the alarm over VAT on flowers
Dutch entrepreneurs in the flower industry are expressing significant concern over the government's proposal to increase the VAT rate on flowers from 9 to 21 percent. Stakeholders, including growers a...
Unilever sells skincare brand Zwitsal to Royal Sanders
Unilever is selling its well-known skincare brand Zwitsal to the Dutch company Royal Sanders as part of a strategy to focus on its high-profit global power brands. The acquisition is expected to be co...
KLM faces turbulence and develops four future scenarios for new direction
KLM is evaluating four strategic scenarios to address financial pressure and increased competition in the aviation industry. These possibilities include significant operational changes, such as restru...
Fighter Tyjani Beztati eyes UFC debut after successful transition to MMA
Former kickboxing world champion Tyjani Beztati has successfully transitioned to MMA, winning his first three fights after leaving Glory. He now aims to earn a UFC contract by competing in the Contend...
Dutch childcare organization to recycle diapers on a large scale
Samenwerkende Kinderopvang is the first Dutch childcare organization to implement a large-scale diaper recycling program in partnership with the Belgian company Woosh. The initiative aims to repurpose...
Grid operator Enexis cannot connect tens of thousands of new homes to power grid
Grid operator Enexis is currently unable to connect 86,000 planned new homes to the power grid due to capacity constraints. This shortage threatens to halt numerous construction projects across the Ne...