Business News in English

Chipmaker NVIDIA reports higher revenue thanks to AI investments

NVIDIA has reported a revenue increase of nearly 75%, driven by high demand for chips that power artificial intelligence applications. This growth exceeded financial market expectations, solidifying t...

Two friends start a guesthouse in Portugal with no experience: Another classic Ik Vertrek moment

US industry faces shortage of rare materials

The United States aviation and electronics industries are experiencing a growing shortage of rare materials necessary for manufacturing microchips and other components. Industry insiders report that t...

Emma Roberts to star in series inspired by Bride Wars

Emma Roberts has been cast in the lead role for a new series inspired by the 2009 film "Bride Wars." The project is currently being developed by film studio New Regency in collaboration with the strea...

Heemskerk residents cannot yet ‘Ask for Angela,’ but social safety to become regular agenda item for businesses

The Heemskerk local government supports the "Ask for Angela" safety initiative but has decided that the hospitality industry should lead its implementation rather than the municipality. While the prog...

Court of Appeal overturns one of Jimmy Lai's convictions

An appeals court in Hong Kong has overturned a fraud conviction against 78-year-old media mogul Jimmy Lai. The decision nullifies a previous ruling by a lower court regarding the tycoon's legal case.

Renewed unrest at Gierstraat-Breestraat corner. Felled trees and new hospitality permit application raise eyebrows

Tensions have resurfaced at the corner of Gierstraat and Breestraat in Haarlem after the property owner cut down several trees and submitted a new catering permit application. The local city council h...

Coastal towns want mandatory insurance after cutter runs aground, Fisherman's Union supportive

Coastal municipalities in North Holland are advocating for mandatory liability insurance for vessels under 300 tons following the costly stranding of an uninsured cutter near Zandvoort. The Dutch Fish...

Investor home sell-off continues

Investors sold the highest number of homes in the fourth quarter of last year since 2021, according to data from the Dutch Land Registry. This trend indicates a continuing wave of property divestment ...

US allows Venezuelan oil sales to Cuba again

The United States has authorized Venezuela to resume oil sales to Cuba, provided the supplies benefit the Cuban people instead of the government in Havana. The U.S. Treasury Department described this ...

Opposition accuses VVD of making middle class foot the bill

Dutch opposition parties have criticized the VVD, accusing the new government of placing the financial burden of increased defense spending on the middle class. Leaders from parties such as GroenLinks...

FNV also disagrees with 'mitigation' of state pension cuts

The FNV, the largest trade union in the Netherlands, has expressed its disagreement with a proposal by the Dutch House of Representatives to mitigate changes to the state pension (AOW). The union main...

Suriname President requests departure of 3 state company directors

Surinamese President Jennifer Simons has requested the resignation of three board members from state-owned enterprises following a scandal involving lucrative contracts. The controversy centers on the...

World's most powerful banker warns of financial crisis: ‘People are doing stupid things again’

Jamie Dimon, the head of JPMorgan Chase, has warned of a potential financial crisis, comparing current market euphoria to the conditions preceding the 2008 crash. He cautioned that investors are repea...

Ahold Delhaize wants higher bonuses for top executives

Ahold Delhaize, the parent company of major retailers like Albert Heijn and Bol, proposes to increase the potential bonuses for its top executives. The company aims to use this revised bonus policy to...

IKEA plush toy flies off shelves after rejected baby monkey goes viral

Demand for an IKEA orangutan plush toy has spiked after a video of a rejected baby monkey in Japan using it for comfort went viral. The stuffed animal has become a substitute companion for the young p...

Fertilizer plant ICL faces 10 times higher penalty for next violation

Port businesses can still dispose of cardboard despite collector quitting

Entrepreneurs in the Amsterdam port area can still dispose of their cardboard despite the recent closure of the popular Veldman Recycling collection point on Strandweg. The facility had previously ser...

Vondelpark now also a nuisance area after significant increase in incidents

Amsterdam has expanded its designated nuisance and dealer enforcement zone to include Vondelpark and surrounding streets following a rise in incidents involving intimidation and drug trafficking. This...

Public Prosecution Service investigates major cyberattack at Odido

The Dutch Public Prosecution Service has launched a criminal investigation into a major cyberattack on telecom provider Odido. The breach resulted in the theft of millions of customer records, though ...

ICL to face significantly higher fines for future violations

Fertilizer factory ICL faces a tenfold increase in potential fines, rising to 1.25 million euros, if it exceeds future emission standards in the Amsterdam area. The environmental agency implemented th...

Heinen back to drawing board for Box 3 tax changes after heavy criticism

Dutch Finance Minister Eelco Heinen has announced revisions to the proposed box 3 tax legislation for capital gains. The decision follows significant criticism of the new system from both investors an...

Will Odido pay hackers not to share data? 'You can't do it right'

Telecom provider Odido has until Thursday to pay a ransom to the hacker group Shinyhunters to prevent the daily release of one million customer records. The company faces a difficult decision with no ...

Sports car maker Aston Martin cuts 20 percent of workforce

British sports car manufacturer Aston Martin has announced plans to reduce its workforce by 20 percent as part of a restructuring effort. The company aims to save approximately 40 million pounds annua...

Almost half of workers think AI will take over their jobs

Nearly half of workers believe that artificial intelligence could partially replace their current job responsibilities. Additionally, approximately 4 percent of the workforce expects that AI will even...

Millions of Dutch people on edge: what happens if hackers publish Odido customer data Thursday?

Cybercriminals who claimed responsibility for a hack on telecom provider Odido are threatening to publish the personal data of millions of Dutch customers this Thursday. The potential leak has caused ...

Dozens of homes in Hyde Park still empty months after completion: 'Lower the rent and make it for regular students'

Housing corporation Duwo has decided to open up vacant apartments in Hoofddorp's Hyde Park district to regular students after only 26 of 116 units intended for PhD researchers were rented. The move ai...

Chinese and German premiers seek more economic cooperation

Chinese Premier Li Qiang and German Chancellor Friedrich Merz have expressed their commitment to expanding economic cooperation between their two nations. During his visit to China, Merz highlighted t...

Expensive glasses popular among criminals. 'Stop selling Cartier, then it's solved'

Opticians in the Netherlands are increasingly being targeted by criminals for high-end designer frames, with recent break-ins reported in Laren and Limburg. Industry experts note that eyewear has tran...

Dutch Safety Board investigates KLM collision at Schiphol

The Dutch Safety Board (OVV) and Air Traffic Control the Netherlands (LVNL) have initiated investigations following a collision between two KLM aircraft at Schiphol Airport. Both organizations are con...