Business News in English
Latest business headlines from Dutch news, translated into English.
The Odyssey sets record for Universal with $1.68 billion revenue
The Odyssey, produced by Christopher Nolan and Emma Thomas, has become a record-breaking success for Universal by grossing $1.68 billion worldwide. The film, which stars Matt Damon and Anne Hathaway, ...
Minister Heleen Herbert: ‘To me, negotiation is synonymous with political failure’
Heleen Herbert has transitioned from the corporate world to serve as the Minister of Economic Affairs and Climate in the Netherlands. In a recent interview, she discussed her political philosophy, inc...
Anthropic CEO also wants AI model development slowed down
Anthropic CEO Dario Amodei is calling for a slowdown in the development of artificial intelligence, citing concerns over safety risks like potential loss of control, cyberattacks, and economic instabi...
Income tax for workers to rise by 4 billion euros net
Dutch workers are set to face a net income tax increase of 4 billion euros next year despite a partial mitigation package. While the overall purchasing power is expected to decline slightly, retirees ...
Fuel prices rising again, diesel approaching record high
Fuel prices across the Netherlands have risen due to geopolitical tensions in the Middle East affecting global oil supplies. Diesel is currently nearing a record high, while gasoline prices have also ...
Trashed or praised: what happens if your restaurant is in Proefwerk? ‘After that review, our turnover doubled’
Food critic Mara Grimm is reflecting on five years of writing Proefwerk restaurant reviews by interviewing the Amsterdam restaurateurs she has featured. The column's impact varies significantly, with ...
City's economic growth no longer guaranteed: business clubs warn
Business leaders in Amsterdam are warning that current government policies are jeopardizing the city's economic growth and investment climate. Figures from the hospitality and business sectors argue t...
Spui book market under pressure due to Kalverstraat renovation: "This will cost money"
Book vendors at the Spui market in Amsterdam face potential relocation as the city plans to use their current site for construction storage during the upcoming Kalverstraat renovations. Traders fear t...
Top ten richest people consist entirely of American men for the first time
For the first time since 2012, the world's ten wealthiest individuals are exclusively American men after Bernard Arnault's net worth fell. The shift highlights a period of growth for the technology se...
Companies prohibited from using paper invoices from 2030
Starting July 1, 2030, businesses in the Netherlands must transition to machine-readable digital invoicing to comply with new EU regulations aimed at reducing fraud and simplifying cross-border trade....
Tax plans also leaked: alcohol and flowers more expensive, medical expense deduction abolished, senior tax credit reduced
Leaked tax documents reveal that the Dutch government plans to increase taxes on alcohol, flowers, and hot air balloon rides while reducing tax credits for seniors. Despite a financial support package...
Gas prices at their highest in three years: Check your energy contract
Gas prices have surged to a three-year high of 80 euros per megawatt-hour, leading to increased costs for both gas and electricity contracts in the Netherlands. Authorities are urging consumers to rev...
Public Prosecution Service seizes properties of two OLVG cardiologists suspected of corruption
The Dutch Fiscal Intelligence and Investigation Service (FIOD) is investigating multiple cardiologists for corruption, including two doctors from the OLVG hospital. The specialists are suspected of fa...
Company behind ChatGPT wants to slow down AI development until safety standards are in place
OpenAI's leadership and various industry researchers are advocating for a slowdown in AI development to establish essential safety standards for advanced systems. The call comes as concerns mount over...
Elon Musk furious over 'his' documentary and threatens legal action
Elon Musk has threatened legal action against the producers and distributors of a new documentary that premiered at the Venice Film Festival, labeling the film a biased attack. The documentary include...
UAE seeks stronger ties with Europe and invests 40 billion in Germany
The United Arab Emirates has pledged a 40 billion euro investment in Germany to strengthen economic and strategic ties between the two nations. This new commitment, which includes an investment counci...
Employers want to overhaul collective labor agreements: 'Invest now, more wage room later'
Dutch employer organizations are calling for a change in collective labor agreement negotiations by prioritizing productivity-boosting investments over automatic wage increases linked to inflation. Th...
More bankruptcies in August than a year ago, hospitality sector hit hardest
Bankruptcies in the Netherlands increased to 304 in August, marking a rise compared to both the previous month and the same period last year. The hospitality and industrial sectors were identified as ...
CNV demands 3 to 5.5 percent wage increase in new collective agreements: Workers must not foot the bill again
The Dutch trade union CNV is demanding wage increases of 3 to 5.5 percent in upcoming collective labor agreement negotiations to keep pace with inflation and productivity growth. The union is also see...
Good news for savers: interest rates are rising slightly
Savers in the Netherlands are benefiting from rising interest rates following the European Central Bank's decision to increase its base rates. While major banks continue to offer relatively low return...
On sunny days, panels switch off: why solar farms are barely generating anything anymore
Solar parks in the Netherlands are becoming less profitable as electricity prices often turn negative on sunny days, forcing operators to shut down panels. Local energy cooperatives are now facing fin...
Large-scale European fraud with slaughter and sport horses, NVWA conducts raids
Authorities across four European countries, including the Netherlands, have launched a crackdown on a major fraud network involving the illegal slaughter of sport horses. The operation involved 24 rai...
Ryanair denies passenger was sucked out of window
Ryanair CEO Michael O'Leary has disputed claims that a passenger was sucked out of a plane window during a flight that suffered a suspected bird strike upon departing Greece. While the airline maintai...
Employers will soon be banned from deducting rent from migrant workers' minimum wage
The Dutch government plans to ban employers from deducting rent from the minimum wage of migrant workers to prevent exploitation. The measure, set to take effect by July 2028, will be implemented alon...
Why expensive energy is currently barely affecting the economy and when that could change
Although high energy and fuel prices are causing frustration, the Dutch economy has not yet suffered significant negative impacts. Experts are currently analyzing when and how these rising costs might...
Personal data of Bijenkorf customers stolen in cyberattack
A cyberattack on the logistics firm CEVA has resulted in the theft of personal data from Bijenkorf customers, including names, contact information, and payment method details. While no login credentia...
ECB raises key interest rate in eurozone to 2.5 percent
The European Central Bank has increased its key interest rate to 2.5 percent to combat inflation, which recently reached 3.3 percent due to rising energy costs. This policy aims to stabilize prices by...
ECB raises interest rates for the second time this year after three years without adjustments
The European Central Bank has raised interest rates by a quarter percentage point to 2.5 percent to combat inflation, which hit 3.3 percent in August. This second hike of the year reflects ongoing con...
Moving from city to village does not automatically mean cheaper living
Recent research from the NVM indicates that houses in villages are often more expensive than in cities, averaging 503,000 euros compared to 487,000 euros. Affordability is largely dependent on a villa...
Very expensive: Apple quietly raises prices of older iPhone models by 100 to 350 euros
Apple has unexpectedly raised the prices of its older iPhone models by 100 to 350 euros following the release of its latest devices. The increases, which affect even budget-friendly options, are attri...