Business News in English
Latest business headlines from Dutch news, translated into English.
ASML is building the most complex machines ever: You have to shell out a few hundred million
ASML, a former Philips subsidiary based in Veldhoven, has become a global focal point for business leaders and journalists due to its development of highly complex and expensive machines. The company'...
Private investments by pension funds and insurers are not without risks
The Dutch Central Bank (DNB) has issued a warning regarding the increasing investments by Dutch pension funds and insurers in complex private market assets. These institutions often lack a full unders...
German government allocates billions in energy support for residents and businesses
The German government is allocating 13.3 billion euros for an energy support package to assist households and businesses next year. This initiative includes additional subsidies for energy-intensive c...
Company behind theater production Only Planet declared bankrupt
The company responsible for producing the musical Only Planet has been declared bankrupt. The production was cancelled due to a lack of sufficient financial security to proceed with the show.
Writers Guild takes legal action over Paramount's acquisition of Warner Bros.
The Writers Guild of America has filed a lawsuit to block the acquisition of Warner Bros. Discovery by Paramount Skydance. The union argues that the merger threatens the livelihoods of screenwriters.
AEX index tops 1,100 points for the first time following ASML share price jump
The Amsterdam stock exchange has reached a historic milestone by surpassing 1,100 points for the first time. The AEX-index rose shortly after the market opened on Wednesday, driven significantly by a ...
Quarter of a million train passengers bought cheaper summer pass
Approximately 270,000 people have purchased a summer discount subscription for train travel in the Netherlands over the past month. NS has observed an increase in train travel during off-peak hours si...
Chinese economy also suffers from Middle East war
China's economic growth slowed to 4.3 percent in the second quarter of this year due to weak domestic demand. The rise in oil prices, driven by the ongoing conflict in the Middle East, has further neg...
ASML raises growth expectations due to increasing demand
Chip manufacturer ASML has raised its growth forecasts for the year due to increased demand for chips driven by investments in artificial intelligence. The Veldhoven-based company is benefiting from t...
Inflation falls, but groceries and fixed costs still feel expensive
While official figures indicate that inflation in the Netherlands has decreased to approximately 3 percent, many consumers continue to experience much higher costs for groceries and fixed expenses. Pu...
Inflation is falling, though it doesn't feel like it: ‘When prices stay the same you don't notice, but when they rise you do’
Although inflation is technically decreasing in the Netherlands, rising oil prices due to geopolitical tensions are creating a feeling of sustained financial pressure. While costs for daily groceries ...
Many more hospital staff may be underpaid: FNV prepares new lawsuit
The trade unions FNV and NU'91 report that many hospital staff members across the Netherlands may have been underpaid. This follows recent court victories by nurses regarding payment issues, prompting...
Farmyards must remain clean: Rijnland takes a tough stance on surface water risks
The Hoogheemraadschap van Rijnland is strictly monitoring farms to prevent pollution from entering surface water. This year, the water authority has already conducted 297 inspections to ensure farmyar...
Frank van Brandwijk (60) has been renting out the bottom floor of his house on Airbnb for eight years: ‘Sometimes they even leave it cleaner than it was’
Amsterdam must pay shipping company damages for unlawful canal cruise policy
Bob Sikkes and DJ Bella on De Zwoele Stad discuss Amsterdam nightlife, the housing market, and World Pride
The talkshow De Zwoele Stad features contractor Bob Sikkes and DJ Bella discussing the Amsterdam housing market, the city's nightlife, and the upcoming World Pride event. The conversation highlights t...
Aviation chief: Residents, aviation sector, and government must return to the Schiphol table, we cannot stay stuck in the past
Tyrannosaurus rex skeleton auctioned for record 50 million dollars
The skeleton of a Tyrannosaurus rex named Gus was sold at an auction for a record-breaking $50.1 million. This sale marks the highest price ever paid for a dinosaur skeleton at an auction.
Consumers continue to struggle with high prices for goods, services, and gasoline
Consumers in the Netherlands are expected to continue facing high prices for goods, services, and fuel due to the ongoing conflict in the Middle East. However, these negative impacts on households are...
Iron Maiden sells music rights to ABBA singer Björn Ulvaeus' company
The British heavy metal band Iron Maiden has sold a portion of its music catalog to Pophouse Entertainment, a Swedish company co-founded by ABBA's Björn Ulvaeus. Financial details of the transaction ...
Buffett stops donations to Gates Foundation following Epstein controversy
Warren Buffett has announced that he will stop donating to the Bill and Melinda Gates Foundation for the first time in two decades. While the American investor continues to distribute a large portion ...
Cabinet wants fewer pesticides but leaves growers with questions
The Dutch cabinet has reached an agreement with farmers to reduce the use of pesticides in the coming years. However, specific targets regarding the exact reduction percentages remain unclear, leaving...
Court upholds ban on US acquisition of DigiD manager
Court upholds ban on Kyndryl's acquisition of Solvinity
A Dutch court has upheld the decision to prohibit the acquisition of the IT company Solvinity by Kyndryl. The ruling prevents the proposed takeover from proceeding.
Payment processor CCV fined millions again for failing anti-money laundering checks
The Dutch central bank has fined payment company CCV over 2.6 million euros for failing to implement adequate anti-money laundering and fraud controls. This marks a repeated failure by the Arnhem-base...
Russia places AkzoNobel's Russian subsidiaries under state control
Russian President Vladimir Putin has placed the Russian subsidiaries of the Dutch multinational AkzoNobel under temporary state control. AkzoNobel is currently evaluating the decision, noting that the...
1650 euro penalty for solar panel owner refusing digital meter
The Dutch government has introduced a fine of 1,650 euros for solar panel owners who refuse to replace their traditional electricity meters with digital ones. These penalties will continue to increase...
Klushub cost over 600,000 euros and was used by only three entrepreneurs
The Amsterdam city council spent 661,000 euros on a 'Klushub' pilot project intended to help entrepreneurs switch to electric vehicles, but only three businesses made use of the service. Despite the s...
Inflation hits fuel hardest, but supermarket prices not yet rising
Recent research from the Dutch Central Bank indicates that inflation is primarily driven by rising fuel prices due to geopolitical tensions in the Middle East. Despite the perception of broad price in...
Netflix to launch game show based on Monopoly board game
Netflix is developing a reality game show based on the classic board game Monopoly. Twelve contestants will compete for a grand prize of $2 million, with the series expected to premiere in the fall of...