Business News in English

Why grid operators want to adjust electricity prices several times a day and who will feel the impact

Dutch grid operators are proposing to adjust electricity prices multiple times a day based on grid demand to manage congestion. Under this plan, power would become more expensive during peak hours and...

Art mystery solved after years: Man in Simon de Heer portrait identified as well-known Amsterdam entrepreneur

After a long investigation, researcher Teun Schermerhorn has identified the subject of a 1942 portrait by artist Simon de Heer. The man in the painting, which was previously a mystery, has been reveal...

Ukraine attacks refinery hundreds of kilometers inside Russia

The Ukrainian military conducted an attack on a Rosneft oil refinery in Syzran, Russia, located over 800 kilometers from the border. President Volodymyr Zelensky shared footage of the strike, which re...

Want to (finally) find out how much your colleague earns? Starting next year, you can

Starting in 2027, a new legislative proposal from Dutch Social Affairs Minister Hans Vijlbrief will require employers to allow employees to see their colleagues' salary information. The bill aims to i...

Bouwend Nederland warns of collapsing bridges: ‘Heading for a Genoa scenario’

Bouwend Nederland warns that the Netherlands risks major infrastructure failures similar to the Genoa bridge collapse if maintenance for bridges and tunnels is not urgently addressed. The association ...

IJmuiden fishing company loses court case: Harbor fishing ban could not be lifted before 2025

The Dutch Council of State ruled against a fishing company from IJmuiden that challenged the duration of a fishing ban on eel and mitten crab in harbors. The court found that the Ministry correctly de...

Investing households benefit most from oil companies like Shell

Dutch households experienced a significant increase in the value of their investments in oil companies, such as Shell and Exxon Mobil, over the past quarter. Data from De Nederlandsche Bank (DNB) indi...

Middle East war hits homebuyers: mortgage rates rise

The conflict in the Middle East is driving up energy prices and inflation, resulting in a rise in mortgage rates. This economic trend is beginning to impact home buyers as interest rates continue to c...

Consumer groups demand Brussels action against fake ads

The Dutch Consumer Association (Consumentenbond) and 28 international partner organizations are urging the European Commission to take action against fake online advertisements. They claim that major ...

Haarlem house prices reach record high, most buyers bidding above asking price

House prices in Haarlem have reached a record high, increasing by 4.8% over the past year according to data from the Central Bureau of Statistics. Most buyers are currently required to bid above the a...

Consumer confidence falls further in May

Consumer confidence decreased further in May, largely driven by rising energy prices linked to the conflict in the Middle East and general economic uncertainty. This decline follows a previous downwar...

Netflix making documentary about Michael Jackson child abuse case

Netflix will release a new documentary series titled "Michael Jackson: The Verdict" on June 3, focusing on the high-profile child abuse case involving the late singer. The streaming service released t...

Number of part-timers wanting to work more increases: average of 8.5 extra hours per week

The number of part-time workers wanting to increase their hours rose in the first quarter, with an average desire for 8.5 additional hours per week. This trend is particularly noticeable among employe...

More single people bought a house: 'But half of buyers received help'

Over the past two years, an increasing number of single starters in the Netherlands have purchased homes, often benefiting from the sale of affordable former rental properties. Despite couples' mortga...

Pension fund invests 350 million euros in rental housing: 'Difficult in the Netherlands'

Pension fund ABP and investment platform Rockfield are investing 350 million euros into the construction of rental housing specifically for students and starters in the Netherlands. The initiative see...

Lamp shop prevents floor lamp from being thrown away

A lamp shop is highlighting the importance of repairing products even when original replacement parts are no longer available. By finding creative solutions, sellers can prevent high-quality items lik...

Loss-making SpaceX unveils plans for what could be the largest IPO ever

Elon Musk has announced plans to take SpaceX public next month in what could be one of the largest initial public offerings in history. Despite being loss-making, the aerospace company's move to the s...

More and more homeowners struggling: 'Middle-income earners also feel the strain'

A report from the National Mortgage Guarantee (NHG) reveals that the financial situation for Dutch homeowners is deteriorating, with 8.8% now unable to cover all their costs. Middle-income earners and...

Aldi and Albert Heijn recall nuts over risk of injury

Supermarket chains ALDI and Albert Heijn are recalling unsalted cashew nuts due to the potential presence of metal particles. These fragments pose a risk of physical injury to consumers, and the retai...

AI chip giant NVIDIA revenue hits new record of 81.6 billion

NVIDIA reported a record quarterly revenue of $81.6 billion, marking an 85% increase from the previous year. This significant growth is attributed to the surging demand for the company's artificial in...

Business owners on major fire in Diemen commercial building: ‘Everything is lost’

Car becomes mobile home battery and can lower energy bills

Renault is introducing the electric Renault 4 and 5 models, which feature technology that allows the vehicles to serve as mobile home batteries. This initiative is designed to help manage power grid c...

First 32 kilometers of Dutch hydrogen network completed for industry

The first 32-kilometer section of the Dutch national hydrogen network was completed on Wednesday, connecting the Maasvlakte to Pernis. This pipeline serves as a critical infrastructure link designed t...

Neighborhood action against queues in Nine Streets: ‘We’re stuck with the nuisance, business owners are raking it in’

Amsterdam oliebollen and Christmas tree vendors lose automatic priority for their old spots

Xi and Putin united in criticism of Trump, but gas pipeline deal remains elusive

During a joint statement in Beijing, Presidents Xi Jinping and Vladimir Putin condemned the defense policies of US President Donald Trump as reckless. Despite their diplomatic alignment, China and Rus...

Oliebollen permit system overhauled; more certainty for business owners

The City of Amsterdam is overhauling its permit system for seasonal vendors to provide more long-term certainty while complying with European regulations. Oliebollen vendors will now receive 10-year p...

New rules for selling oliebollen and Christmas trees on the street

New regulations have been introduced for street vendors selling seasonal items such as oliebollen and Christmas trees. Oliebollen sellers will now be granted 10-year permits, while Christmas tree sell...

Raid at Beverwijk gym RGYM after anonymous tip yields nothing: ‘I think someone is jealous of our success’

Police raided the RGYM gym in Beverwijk and the owner's residence on Wednesday morning following an anonymous tip regarding a firearm. No weapons were discovered during the searches, leading owner Gia...

Union announces nationwide public transport strike if government fails to meet demands

The FNV union has announced a nationwide public transport strike scheduled for the early morning of June 24. This action serves as a protest against government cuts to social security and will proceed...