Economy News in English
Latest economy headlines from Dutch news, translated into English.
Financial stress grows as temperatures drop: 'Heating stays off'
Rising energy costs are forcing many low-income Dutch households to keep their heating turned off, leading to significant financial and health concerns. While the government is launching an emergency ...
Foundation impressed by Monique's CV but not the fee she had to pay
Monique, a 51-year-old job seeker, discovered that although a foundation was interested in her professional background, they rejected her application because of the required fee she would have had to ...
Dry summer already forgotten: hundreds of millions in funding for measures cut
The Dutch government has cut over 1 billion euros from the Delta Programme for Freshwater and other environmental initiatives to prioritize funding for roads and bridges. This decision comes despite a...
Our economy is doing fine and even surprises economists: only one country in Europe is doing better
The Dutch economy is performing significantly better than expected, currently ranking as the second-best economy in Europe. This growth has surprised many economists and suggests that public pessimism...
Without Starlink Ukraine has a problem, EU alternatives fall short
The Ukrainian military experienced severe operational difficulties following connectivity issues with the Starlink satellite network, which is critical for their drone defense and communication. While...
The French could plunge Europe into crisis: 'France is living beyond its means'
France is facing significant economic difficulties that threaten its long-term financial stability. Experts warn that a potential collapse of the French economy could jeopardize the future of the euro...
Screen time | Apple hasn't made iPods for years, yet they remain popular
Despite being discontinued by Apple in 2022, the iPod is experiencing a resurgence as users seek to escape algorithmic streaming services in favor of a more controlled and intentional music experience...
The 100-year history of Hema is quintessentially Amsterdam
The Dutch retail chain HEMA is celebrating its 100th anniversary since opening its first store in Amsterdam in 1926. The company, known for its household goods and the popular rookworst sandwich, has ...
Energy prices continue to rise and the outlook for next year remains bleak
Energy prices in the Netherlands have spiked due to conflict in the Middle East, leading to significantly higher costs for both one-year and long-term energy contracts. Many consumers are now turning ...
Trump scraps part of Canadian tariffs to help border state senator
President Trump has removed 50 percent tariffs on certain Canadian agricultural and forestry products in an effort to support businesses in border states like Maine. The policy change, which takes eff...
Dutch people concerned about rapid rise of AI: It is in the hands of the MAGA clique
A representative study reveals that most Dutch citizens fear artificial intelligence is being adopted too rapidly, citing concerns over privacy, misinformation, job security, and environmental impact....
KLM fined $320,000 by US for flights over Iraq
KLM has received a 320,000 dollar fine from U.S. authorities for operating over one hundred codeshare flights through forbidden Iraqi airspace between 2022 and 2025. Sister airline Air France was also...
Solution sought for 500 million euro shortfall: coalition leaders meet Saturday for complex puzzle
Dutch government leaders are meeting this weekend to address a 500 million euro budget gap and finalize their tax plan. They aim to reach an internal consensus before seeking support from opposition p...
Sky-high hotel prices, GVB working overtime and over 650,000 visitors: Amsterdam turned upside down for 30th edition of ADE
Amsterdam is currently hosting the 30th edition of the Amsterdam Dance Event (ADE), which is expected to draw over 650,000 visitors to more than 1,300 performances throughout the city. The influx of i...
Police launch criminal investigation into cyberattack on Albert Heijn parent company
Dutch police have launched a criminal investigation into a cyberattack against Ahold Delhaize that disrupted operations at stores like Albert Heijn. While the incident caused significant logistical pr...
Crypto company sues Trump and his crypto business for corruption
Shareholder Benjamin Greenberg has sued Donald Trump, alleging that his cryptocurrency firm World Liberty Financial accepted illegal foreign payments. The lawsuit claims these transactions violate the...
Disappointment over Airbnb 'dishwashing ban': 'Not much of the romance left'
Airbnb is ending the practice of allowing hosts to impose specific cleaning tasks, such as washing dishes or stripping beds, on their guests before checkout. Experts suggest this move aims to make the...
Russia ships diesel to US for first time since invasion of Ukraine
U.S. President Donald Trump has initiated diesel imports from Russia to lower fuel prices before the upcoming November 3 elections, despite existing sanctions. The first shipment departed from the Rus...
Heineken warns British pubs and bars over use of weight-loss drugs
Heineken has warned British pubs that the rising use of GLP-1 weight-loss medications is changing alcohol consumption patterns. The brewer suggests that venues should adjust their strategies by promot...
Most Albert Heijn customers still unable to order online delivery due to ongoing app issues
Albert Heijn has resumed home grocery deliveries at reduced capacity following a cyberattack on parent company Ahold Delhaize that halted services for nearly two weeks. Despite the restart, customers ...
Supermarkets make mistakes with price tags and receipts again
A study by the Dutch Consumers Association reveals that many supermarkets frequently display incorrect prices on paper promotional tags, leading to discrepancies at the checkout. Following the investi...
An emergency neighborhood supermarket that always has toilet paper, rice and crispbread in stock: it’s happening in Denmark
Denmark is preparing to launch 51 emergency supermarkets equipped to function during power outages and cyberattacks, providing essential supplies even without grid connectivity. The Netherlands is cur...
Volvo cuts 2,500 jobs due to falling sales in China
Volvo is cutting 2,500 jobs worldwide, primarily in Sweden, to save 450 million euros following a decline in sales in China. The manufacturer joins other European carmakers in restructuring operations...
Oil prices rise above 100 dollars a barrel due to Middle East unrest
Global oil prices have surged past 100 dollars per barrel due to Houthi attacks in Saudi Arabia and the blockade of the Strait of Hormuz. Analysts from ING warn that escalating tensions between Iran a...
Is the petrol car saved? European automakers are falling even further behind
Germany and France are proposing to soften strict EU climate rules that would have banned new combustion engines by 2035, aiming to support the European automotive industry. Critics and industry exper...
Less demand, no lower prices: new housing market struggles due to high interest rates and small homes
High mortgage interest rates are reducing demand for new-build homes in the Netherlands, as developers maintain high, rigid prices despite falling interest from buyers. Additionally, government mandat...
Rembrandt House Museum struggles with falling visitor numbers due to rising hotel VAT and tourist tax: ‘This policy is killing us and the entire city’
Amsterdam's cultural sector is voicing strong opposition to rising tourist taxes and VAT increases, which are blamed for a significant drop in international museum attendance. The Rembrandthuis is amo...
How Musk could rake in a trillion dollars thanks to his companies SpaceX and Tesla
Elon Musk is considering a merger between SpaceX and Tesla that could potentially create the world's fifth most valuable company and trigger a massive compensation package for him. By leveraging his c...
While the world buckles under millions of hack attempts, the Netherlands was on time: ‘Very smart’
Dutch websites were taken offline on Wednesday as a proactive measure to defend against vulnerabilities found in PHP systems. This decision proved effective as millions of cyberattacks were launched g...
Less attention abroad for PHP danger: 'The Netherlands did not exaggerate'
While media coverage of critical PHP vulnerabilities was significantly more prominent in the Netherlands than in neighboring countries, cybersecurity agencies across Europe treated the threat with sim...