Economy News in English
Latest economy headlines from Dutch news, translated into English.
Tesla on track to avoid new sales decline after strong quarter
Tesla is seeing a rebound in global sales due to the release of cheaper Model 3 and Model Y variants, aiming to reach a record 1.8 million vehicles this year. In the Netherlands, the brand is also per...
Halsema: number of tourists must be curbed, even if it costs the hospitality industry visitors
Amsterdam Mayor Femke Halsema has stated that the city must actively reduce the number of annual tourists to protect local livability and curb negative issues like waste. Although she acknowledges tha...
Consumers pay more for other products due to high energy prices
Surging energy prices caused by the Iran-US conflict are driving inflation in the Netherlands, leading to higher costs for fuel, food, and various consumer goods. Economists predict that while the imp...
Paramount and Warner Bros. to merge under Skydance name
The merged media company formed by Paramount Global and Skydance Media will officially operate under the name Skydance. Led by David Ellison and former Mattel CEO Ynon Kreiz, the organization intends ...
Open House Day in Haarlem: 324 homes between 275,000 and 3,100,000 euros available for viewing
On October 3, the NVM Open Huizen Dag allows prospective buyers to visit 324 homes in Haarlem without an appointment. Prices for these properties range from 275,000 to 3.1 million euros, though expert...
G7 taps 100 million barrels of oil and diesel from emergency reserves following Trump threat
The G7 countries are releasing 100 million barrels of oil and diesel from emergency reserves to counter market instability caused by the war in Iran. The decision comes after pressure from President T...
Kenyan herders fight companies offsetting emissions on their land
Kenyan herders are protesting against the Northern Rangelands Trust for allegedly seizing ancestral lands for carbon credit projects used by major corporations. The pastoralists claim the organization...
Trump can be satisfied: Netherlands brings two storage tanks full of diesel and gasoline to market
The Netherlands has released over 750,000 barrels of diesel and gasoline from its strategic reserves, fulfilling a long-planned commitment to the International Energy Agency. Although the timing align...
Financial milestones every expat hits in their first couple of years in the Netherlands
Expats moving to the Netherlands must navigate various financial milestones, starting with basic administrative requirements like obtaining a BSN number and opening a local bank account. Over time, th...
Dutch royal house earned over half a billion euros from colonial past
A historical study has revealed that the Dutch royal house accumulated over 566 million euros from colonial activities in the East Indies, West Africa, and the Americas between 1600 and 2025. While th...
Fuel prices drive eurozone inflation to highest level since 2023
Eurozone inflation has climbed to 3.8 percent, the highest rate since September 2023, largely driven by soaring fuel costs due to Middle East tensions. In the Netherlands, inflation also saw a rise, r...
Rabobank tightens mortgage standards for seniors: pensions count sooner
Starting in March 2027, Rabobank will implement stricter mortgage rules for older clients by calculating borrowing limits based on pension projections fifteen years before retirement. The bank is also...
Nike's pain is not over yet: sharp drop in sales expected and jobs to be cut
Nike expects a significant annual revenue decline of 5 to 10 percent due to weak sales in China and key product lines. The company plans to consolidate sales divisions to improve efficiency, a move th...
Katwijk gives green light: US multibillion-dollar obesity drug plant approved
The municipality of Katwijk has approved the construction of a large-scale Eli Lilly pharmaceutical factory focused on obesity and diabetes medication. The project is supported by a 100 million euro g...
Anthropic plans November IPO despite 'catastrophic' risks to humanity
Anthropic is reportedly preparing for an initial public offering in November, with a goal to finalize the process before the end of the year. The company acknowledges significant existential and safet...
There are far more smart glasses than just Meta’s: does a ban stand a chance? ‘You don’t ban a club, but you ban this’
There is a growing debate surrounding the regulation of smart glasses following reports of them being used to secretly film women for non-consensual content. While devices like those from Meta are wel...
OpenAI fires employees for mishandling information
OpenAI has fired three employees after an internal investigation found they mishandled sensitive information in violation of company policy. The layoffs follow a series of security incidents involving...
Inflation rises to 3.4 percent in September due to high fuel prices
Inflation in the Netherlands increased to 3.4 percent in September, up from 3.3 percent in August. Statistics Netherlands (CBS) attributed this rise primarily to the impact of higher fuel prices.
'Forgotten' crypto sector fears exodus from the Netherlands: 'We are completely surprised'
The Dutch cryptocurrency sector is concerned that new tax legislation will force investors and companies to leave the Netherlands. Industry representatives argue that while other retail investors rece...
Amsterdam network GasTerug warns as energy prices rise again: The urgency is greater than ever
The Amsterdam-based network GasTerug is calling on residents to reduce their energy consumption as gas prices rise again. They suggest that setting thermostats to 18 degrees is an essential and urgent...
These North Holland farmers are seeking creative side incomes
Sixty percent of farmers in North Holland are diversifying their businesses with non-agricultural activities to ensure financial stability amidst industry uncertainty. These additional ventures, rangi...
Opticians divided over sale of 'spy glasses': 'We won't wait for a ban'
Dutch opticians are divided over selling AI-integrated smart glasses, with some retailers choosing to pull the products from shelves due to privacy concerns and others maintaining sales. The governmen...
Empty crutches left at Ruk en Pluk after break-in on Linnaeusstraat: "Come with a parachute"
Extensive construction on the Linnaeusstraat in Amsterdam is severely limiting customer access to local businesses, causing a sharp decline in revenue for shop owners. Business operators are seeking m...
Bol pulls 'inappropriate' AI video glasses with manipulation stickers from sale, still available elsewhere
Bol.com has removed stickers from its website that allowed users to hide the recording indicator lights on video glasses. The retailer decided to ban the products after concerns were raised regarding ...
How real estate 'cowboys' will face stricter supervision: 'First yellow, then red'
A new professional registry is being introduced in the Netherlands to combat misconduct and unethical practices among real estate agents. This initiative aims to increase oversight and accountability,...
Living and working in Japan indefinitely is now twenty times more expensive
Japan has drastically increased the costs for residency applications and introduced stricter financial and language requirements for foreigners. These measures, championed by Prime Minister Sanae Taka...
Amsterdam allocates 17 million euros for renovated city shipyards, still 6 million short
Amsterdam is consolidating its waste management sites to improve sustainability and efficiency, but the project faces a 6 million euro budget gap despite a recent 17 million euro funding injection. Ri...
Two cleaning companies fined 700,000 euros after serious violations
Two cleaning companies were fined a combined 700,000 euros after inspectors discovered illegal cash payments, undocumented employees, and the use of staff without valid work permits. The Dutch Labor I...
Mold and excessive rent: Amsterdam landlord must repay over 15,000 euros
An Amsterdam landlord has been ordered to refund over 15,000 euros to tenants after a court found they were significantly overcharged and provided a property with maintenance defects like mold. The co...
Space found for 300 Amsterdam businesses on the city's congested power grid
Grid operator Liander has managed to connect 305 businesses in Amsterdam by expanding substation capacity and introducing flexible energy contracts to manage peak demand. Despite these efforts, hundre...