Business News in English

Tech hubs Amsterdam and Eindhoven must collaborate to remain digitally sovereign from the US and China

Apple market value breaks 5 trillion dollar mark

Apple's market capitalization has surpassed $5 trillion for the first time, joining chipmaker NVIDIA as the only companies to reach this valuation. Apple recently overtook NVIDIA to become the world's...

Designer Joost on the eternal fame of a banknote: It was truly a puzzle

Amsterdam-based designer Joost Grootens has been shortlisted to design the new euro banknote. He stated that while the project offers little financial gain, he is motivated by the prestige associated ...

'Unprecedented' drought set to cause pain: irrigation bans for farmers and saltwater intrusion for Boskoop growers

Severe drought conditions in the Netherlands have prompted officials to warn that upcoming water usage restrictions could significantly impact farmers and plant nurseries. Authorities are currently at...

ING scanner unable to handle new iDEAL technology

Starting in October, ING customers who rely exclusively on the bank's physical scanner will no longer be able to use iDEAL for online payments. The bank stated it cannot implement the technology requi...

Tech stocks fall worldwide amid growing doubts over AI hype

Global tech stocks are experiencing a significant decline as investor confidence in the artificial intelligence hype begins to wane. This downturn marks a sharp reversal from the earlier strong perfor...

Over 24 hours in the air: new Airbus aircraft immediately sets unprecedented record

The first Airbus A350-1000ULR has set a record by completing a non-stop flight lasting over 24 hours. The aircraft traveled from Melbourne, Australia, to Toulouse, France, during this historic test fl...

Persistent heat puts pressure on Rhine freight transport

Persistent heat in Europe is causing water levels on the Rhine to drop to historic lows, severely impacting the transport of goods like coal and fuel. This situation is creating significant logistics ...

Coca-Cola revenue grows thanks to higher soft drink sales

Coca-Cola reported increased revenue in the last quarter, driven by higher soft drink sales during the World Cup and the implementation of price hikes. As a major sponsor of the tournament, the compan...

More expensive sportswear and jackets: EU imposes import tariffs on Chinese nylon

The European Union has introduced import duties ranging from 60 to 67.5 percent on Chinese nylon. This measure aims to counter the dumping of low-priced nylon on the European market, which is expected...

Europe must continue to do without liquid gas from Qatar for even longer

QatarEnergy has announced that it will continue to limit liquefied natural gas (LNG) deliveries to Europe due to ongoing conflicts in the Middle East. The company is invoking force majeure, citing its...

Weesp station to be renovated due to growing number of passengers

ProRail is set to renovate station Weesp starting in August to accommodate an expected increase in daily passenger numbers from 20,000 to 30,000. The project includes reconfiguring platforms and repla...

NS to run extra trains between Amsterdam Centraal and Zandvoort during Formula 1

The Dutch national railway, NS, is operating extra trains between Amsterdam Centraal and Zandvoort from August 21 to 23 to accommodate an expected 50,000 Formula 1 fans. Additionally, the national tra...

J&J settles for 5.5 billion dollars over claims baby powder causes cancer

Pharmaceutical company Johnson & Johnson has reached a $5.5 billion settlement to resolve numerous lawsuits alleging that its baby powder and other products cause ovarian cancer. This agreement aims t...

Fuel slightly cheaper again due to falling oil prices

Fuel prices at Dutch gas stations decreased on Tuesday following a significant drop in oil prices. This market shift occurred after the United States and Iran ceased mutual attacks, leading to lower c...

Justin Baldoni's company ordered to pay The New York Times $171,000

Wayfarer Studios, the production company owned by Justin Baldoni, has been ordered to pay The New York Times approximately $171,000 in legal fees. This judgment follows the dismissal of a defamation l...

Philips to receive 186 million euros back in US import duties

Philips has received a 186 million euro refund following the overturning of import tariffs previously imposed by former U.S. President Donald Trump. The Dutch health technology company is among the fi...

Brazil challenges US import tariffs: 'Unjustified'

Brazil has filed a complaint with the World Trade Organization (WTO) regarding import tariffs imposed by U.S. President Donald Trump. The Brazilian government claims that these tariffs are unjustified...

ING expects record number of home sales this year, buyers have higher incomes

ING predicts a record-breaking 245,000 residential property sales in the Netherlands this year. This growth is driven by an increase in housing supply and rising household incomes.

Seats in hundreds of Boeing 737 MAX jets may be incorrectly installed

The U.S. Federal Aviation Administration has ordered inspections for 453 Boeing 737 MAX aircraft due to concerns that seats may have been incorrectly installed. The directive affects planes registered...

1 in 20 households owns a caravan: Dutch people remain loyal to the camper lifestyle

The demand for caravans in the Netherlands has grown by 10 percent in the first half of the year, defying a previous trend toward campers. The Netherlands remains one of the few European countries whe...

China begins production of advanced chip machines

China has started production of its own advanced chip manufacturing equipment. This development challenges the long-standing market dominance of the Dutch company ASML in the chip production sector.

Budget fashion chain Primark lowers prices to stay ahead of competition

Budget clothing retailer Primark is permanently lowering prices on hundreds of popular items to maintain its competitive edge. This move is intended to challenge rising competitors like SHEIN and Temu...

Prince Bernhard sells all his real estate and other business interests

Prince Bernhard of Orange is selling all of his real estate holdings and business interests, including hundreds of properties in Amsterdam, to his business partners. The Prince stated that he intends ...

Prince Bernhard sells all business interests, including real estate and Zandvoort circuit

SHEIN suffers under US import rules and threatens with more expensive products

The online fashion retailer SHEIN has warned that its clothing prices in the United States may increase due to disappointing financial results and stricter import regulations. These regulatory changes...

Liander expands power grid but cannot yet keep up with growing waiting list

Grid operator Liander provided 1,389 businesses with new or upgraded electricity connections during the first half of this year. Despite these efforts, the organization currently faces a growing backl...

There is something fundamentally wrong with how subsidies are distributed, says the director of the Noorderpark Foundation

Oil and gas prices drop sharply due to ceasefire in Iran conflict, effect at the pump expected in a few days

Oil and gas prices fell significantly on Monday following the suspension of United States military attacks on Iran. Traders are optimistic that this pause will ease tensions in the Middle East and res...

Gasoline price half a cent below record but may drop due to lower oil price

Gasoline prices in the Netherlands are currently just half a cent below record levels. However, falling oil prices and a weaker dollar suggest that prices at the pump may soon decrease.