Business News in English
Latest business headlines from Dutch news, translated into English.
For the first time in twenty years we are getting new euro banknotes, these are the designs we can choose from
The European Central Bank has unveiled new design options for upcoming euro banknotes, marking the first major update in twenty years. European citizens are invited to participate in a public vote to ...
Amsterdam stock exchange misses out on listing of spun-off Unilever unit
Unilever's divested food division will be listed on the London Stock Exchange instead of the Amsterdam exchange. The American company McCormick, which is acquiring a significant portion of Unilever's ...
Oil price back above 100 dollars per barrel, the Netherlands feels it at the pump
The price of Brent crude oil has risen above 100 dollars per barrel, leading to an immediate increase in fuel costs across the Netherlands. As a result, the price of a liter of Euro95 gasoline has rea...
ECB leaves key interest rates unchanged amid Iran war jitters
The European Central Bank has decided to keep its key interest rate at 2.25 percent following a previous increase in June. This decision allows policymakers additional time to evaluate how rising ener...
Renovated fixer-upper increased in value by nearly half last year
Renovated fixer-upper homes in the Netherlands saw an average value increase of 178,000 euros last year. According to the NVM real estate association, this represents a value growth of nearly 50 perce...
Police intercept 800 kilos of cocaine in van at Amsterdam port, five suspects arrested
Millions in debt, lawsuits and a forced departure: restaurateur Entourage nearly collapsed due to the W Hotel crisis
Gasoline prices creep toward new record amid Middle East war following fresh attacks by US, Iran and Houthis
Escalating conflict in the Middle East has caused fuel prices in the Netherlands to rise, with the recommended price for Euro95 reaching 2.624 euros per liter. This figure is nearing the historical re...
EU fines Google 890 million for favoring its own services
The European Commission has fined Google 460 million euros for violating the Digital Markets Act by favoring its own services in Google Search results. This penalty addresses anticompetitive practices...
Closure of Strait of Hormuz boosts oil flow through Port of Rotterdam
The Port of Rotterdam has experienced an increase in oil and petroleum product transshipments over the past six months due to the blockade of the Strait of Hormuz. This disruption in global shipping r...
Data centers and air conditioners drive global power demand despite Iran war
Global electricity demand is rising due to the growth of industries, electric vehicles, air conditioning usage, and data centers. This increased consumption coincides with higher energy prices driven ...
Number of companies in the Netherlands increases: more starters and fewer closures
The number of businesses in the Netherlands is increasing as more people start new ventures and fewer choose to close existing ones. This growth trend is observed across most of the country, with nota...
More closures loom on Merwede bridge: bridges and tunnels are aging
Experts warn that the sudden truck ban on the Merwedebrug is likely to be a recurring issue as aging infrastructure across the Netherlands requires urgent maintenance. Upcoming repairs on various brid...
Unrest at GVB over potential removal of conductors on some trams
Kwaku Summer Festival to end after 2026 edition: ‘Difficult to keep it affordable and accessible’
Half a million households unable to pay monthly energy bills
Research from TNO and CBS indicates that approximately 500,000 households in the Netherlands struggle to pay their monthly energy bills. Many of these households face a monthly shortfall of over 50 eu...
Half a million households in energy poverty spending increasingly more on gas and electricity
Approximately half a million households in the Netherlands are facing energy poverty, spending 12 percent of their income on gas and electricity. These households now face an average annual shortfall ...
Investments in robots and robotaxis pressure Tesla's profits
Tesla reported a decline in second-quarter revenue to over $28 billion as the company significantly increases investment in AI-driven autonomous taxis and humanoid robots. These heavy expenditures are...
EU approves major acquisition of Warner Bros. by Paramount
The European Commission has conditionally approved the acquisition of Warner Bros. Discovery by Paramount. Both companies have agreed to comply with the set conditions to proceed with the merger.
Spanish grill restaurant at Zuidas may continue grilling despite complaints from upstairs neighbors
A judge has ruled in favor of a Spanish grill restaurant located in Amsterdam's Zuidas district, allowing it to continue using its charcoal grill. Residents of the building had sued to stop the restau...
Dutch State pauses sale of remaining ABN AMRO stake
The Dutch state has temporarily halted the reduction of its stake in ABN AMRO. The government currently retains a 20.5 percent interest in the bank through share certificates.
Porsche to cut thousands more jobs
German automaker Porsche plans to cut thousands of additional jobs, building on the 3,900 layoffs previously announced by the company. The move follows reports from German media regarding the manufact...
Former official ordered to pay 400,000 euros for giving homeless shelters to acquaintances
A former civil servant in Rotterdam has been ordered to pay 380,000 euros in damages after fraudulently allocating homes intended for the homeless to friends and family. The official misused eight pro...
Unrest at Central Station taxi rank: Without license plates we effectively have no rules
Persistent technical issues with the license plate display and entrance barrier at Amsterdam Centraal's taxi stand have led to long-standing frustration and recent physical altercations among drivers....
Ali B says first job is networking: 'Otherwise I would have announced a theater show'
Rapper Ali B stated that his upcoming appearance at The Harbour Club in Vinkeveen is strictly focused on entrepreneurship. He clarified that the event is for networking purposes and is not related to ...
Brutal PostNL delivery driver removed from route after doorstep argument, Sandra receives flowers and apology
PostNL has removed a delivery driver from their regular route following a confrontation with a resident named Sandra. The company has since issued an apology and provided flowers to the woman, though ...
Lidl is the first supermarket to sell organic flowers this summer
Lidl has become the first major supermarket to offer organic flowers grown in the Netherlands this summer. This initiative aims to address concerns regarding the heavy use of pesticides in traditional...
Large differences in bicycle insurance premiums in Haarlem
Data from the comparison site Overstappen.nl reveals that bicycle insurance premiums in Haarlem can vary by up to 33 euros per year depending on the specific neighborhood. This indicates that a reside...
Not only war, but also high refinery profits make diesel expensive
Diesel prices remain high in the Netherlands, a trend experts predict will continue for the foreseeable future. This price increase is driven by a combination of global instability, such as the confli...
Dubai tries to attract visitors with hundreds of euros in discounts
Dubai is offering significant discounts on hotels, transportation, and restaurants to attract visitors who are referred by local residents. However, the Netherlands currently advises citizens to only ...