Economy News in English
Latest economy headlines from Dutch news, translated into English.
Reuters: SpaceX to join Nasdaq on June 12
Elon Musk's commercial space company, SpaceX, is expected to go public on the Nasdaq exchange on June 12. Sources familiar with the matter reported the news to Reuters, marking a significant developme...
China makes 'fresh start' with US dependent on handling of Taiwan
During a state visit to China, U.S. President Donald Trump announced that the two countries reached significant deals and resolved numerous issues. However, Beijing emphasized that a successful future...
Environmental agency threatens to revoke permits for both coke gas plants
The North Sea Canal Area environmental agency has formally notified Tata Steel that it is preparing to revoke the operating permits for both of its coke gas plants. This notification was sent via lett...
How well would you do on the VMBO economics exam? Take the quiz
Readers can test their economic knowledge through a five-question quiz based on the Dutch VMBO economics exam. The challenge provides a brief impression of how one would perform on the official nation...
Queuing for days for a trendy watch, but mostly for resale: Can make a lot of money
A large crowd has gathered in Amsterdam's P.C. Hooftstraat to queue overnight for the release of an exclusive 400-euro watch, which many hope to resell for significant profit. Resellers and collectors...
Tata Steel: steel market conditions very challenging due to war
Tata Steel reports that global market conditions for the steel industry have become highly challenging due to the conflict in the Middle East and rising energy prices. The Indian group, which owns the...
Belgian coalition clashes over NATO target
The Belgian government coalition is currently divided over the timeline for meeting NATO's defense spending targets, as some parties seek to delay increases to avoid budget cuts in other sectors. Defe...
Significantly fewer passengers at Frankfurt Airport due to Lufthansa strikes
Frankfurt Airport experienced a significant decline in passenger numbers in April compared to the previous year due to multi-day strikes by Lufthansa pilots and cabin crew. The industrial action led t...
Kennemer Golf Club slams 'incorrect' distribution of lottery funds, but KLM Open will proceed next year
The Kennemer Golf & Country Club has criticized a lottery-based sports subsidy distribution that is expected to provide less funding than budgeted. Despite these financial concerns, club manager Harro...
City pass in Haarlemmermeer can simplify and improve low-income policy. External agency: 'Lowers barriers for sports, culture and social activities'
A report by consultancy Medialect suggests that introducing a city pass for low-income residents in Haarlemmermeer would effectively simplify the municipality's social welfare policies. The study indi...
Dozens of Gall & Gall stores closed due to strike, union calls it a ‘paltry offer’
Schiphol security guards sound alarm: workload sky-high and safety under pressure
Security guards at Schiphol Airport, represented by the FNV union, are sounding the alarm over excessive workloads and a failing safety culture. Employees report that the high pressure is affecting th...
Ben (of Ben & Jerry’s) wants to ‘free’ his ice cream brand: ‘They no longer dare to speak out against Trump’
Ben Cohen, the founder of Ben & Jerry’s, has expressed a desire to buy back the ice cream brand, claiming that its social activism has been stifled under corporate ownership. While Cohen argues the ...
World Cup in US seems to deter rather than attract tourists
A poll of the US hotel industry reveals that most hotels in World Cup host cities have fewer bookings compared to a typical summer without the tournament. High ticket prices and global conflicts are c...
Two employees, 46.2 million in assets – mega fine for secretive taxi app exposes link between Russia and Amsterdam’s Zuidas
Transavia cuts costs due to high fuel prices, does not rule out job losses
Transavia is implementing millions in additional cost savings due to the rising price of aviation fuel. The airline has confirmed it cannot rule out potential job losses as a result of these financial...
Empty bottles? Why returning your cans is now even better for your wallet
Returning empty PET bottles and cans in the Netherlands now provides an opportunity to win a cash prize of up to 400 euros. This incentive aims to encourage consumers to utilize the national deposit s...
Amsterdam to install new trash cans to combat littering
Starting in June, the City of Amsterdam will install 200 new trash cans featuring recycling compartments for deposit bottles across seven high-traffic locations. This initiative is part of a broader p...
Transavia to cut costs significantly: jobs at risk at Schiphol headquarters
Transavia's new CEO Paul Terstegge announced significant cost-cutting measures to achieve an eight percent profit margin. These cuts will lead to job losses among support staff at the company's headqu...
Increasing number of people refuse roadside drug tests
Police data reveals a growing number of drivers in the Netherlands are refusing to undergo drug tests during traffic stops. Although refusing such a test is a crime subject to severe penalties, the nu...
TNO finds solution for growing mountain of discarded solar panels
TNO has developed a new laser technology to efficiently recycle discarded solar panels and recover over 99 percent of the silver and high-purity silicon they contain. This innovation aims to provide a...
Many Gall & Gall stores closed today due to strike
Many Gall & Gall liquor stores across the Netherlands are closed today as employees strike over stalled collective labor agreement negotiations. The FNV union organized the walkout, criticizing parent...
Schiphol environmental study falls short for local residents, advisory body says
The Dutch Commission for Environmental Impact Assessment has advised the cabinet that a study regarding new flight rules for Schiphol Airport is insufficient to guarantee the protection of local resid...
Trump: fantastic trade deals reached with China
US President Donald Trump announced that he has concluded trade agreements with Chinese leader Xi Jinping. The statement was made during Trump's visit to the Zhongnanhai leadership complex in Beijing.
Cold and wet Ascension weekend doesn't deter campers: 'We are almost fully booked'
Despite cold temperatures and rainy weather during the Ascension Day weekend, campsites in the region report being nearly fully booked. Even with the mercury failing to rise above 15 degrees Celsius, ...
Gas prices to rise further: those who don't insulate will pay through the nose
A new CO2 levy on natural gas starting in 1.5 years is expected to significantly increase energy costs for residents living in poorly insulated homes. Due to the impending price hikes, gas suppliers a...
Where is the leadership?
Protests against a proposed asylum seeker center in Loosdrecht have escalated, leading police to use water cannons to disperse demonstrators. As calls for further national protests grow, the situation...
Haarlem Baseball Week forced to reschedule again after Dominican Republic withdrawal
The Dominican Republic national baseball team has withdrawn from the Haarlem Baseball Week shortly before the tournament's start due to financial reasons. This late cancellation forces organizers to a...
Judge refuses to approve Musk's settlement with investors: 'Red flags'
A US judge has refused to approve a $1.5 million settlement proposal from Elon Musk intended to resolve allegations of misleading investors. The judge cited concerns over the low amount of the settlem...
Family of Boeing crash victim awarded nearly $50 million in damages
A US jury has awarded $49.5 million in damages to the family of a 24-year-old American woman who died in a 2019 Boeing 737 MAX crash. The victim was among those killed during the period when the aircr...