Economy News in English

Rhine rises again due to rain, but shipping problems persist

Water levels in the Rhine have risen slightly due to recent rainfall, allowing inland vessels to increase their cargo capacity. Despite this temporary improvement, authorities warn that water levels m...

Three Peter Gillis holiday parks forced up for sale

Three holiday parks owned by reality TV personality Peter Gillis have been put up for forced sale by a creditor. Gillis is currently working with his lawyer to explore legal options to prevent the sal...

John Ternus faces huge challenge at stagnating Apple: ‘Company is no longer innovative’

John Ternus will become the new director of Apple starting September 1st. He faces the significant challenge of revitalizing the company and restoring its reputation as an innovative industry leader.

Organic supermarket bouquets to disappear after the summer

This summer, Lidl became the first nationwide supermarket chain in the Netherlands to offer organic field bouquets grown locally. However, these flowers will be removed from store shelves after the su...

Brussels imposes stricter rules on ChatGPT, Reddit, and Roblox

The European Commission has designated ChatGPT, Reddit, and Roblox as large online platforms subject to stricter regulations. These companies must now implement enhanced measures to protect their user...

Applications for grid capacity for construction projects

The municipality of Haarlem is urging project developers, housing corporations, and school boards to register construction projects for electrical grid capacity by September 14, 2026. This initiative ...

Victoria Beckham fashion brand turns a profit for the first time

The fashion and cosmetics brand founded by Victoria Beckham has reported a profit for the first time since its inception. This achievement marks a significant turnaround for the company within the com...

UN committee calls for extensive reparations for transatlantic slave trade

A UN committee has stated that countries involved in the transatlantic slave trade have a legal obligation to provide reparations to address ongoing issues such as systemic discrimination. The committ...

Direct gas pipeline between the Netherlands and Norway a step closer, reducing dependence on US and Middle East

The Netherlands has moved closer to establishing a direct gas pipeline connection with Norway following a successful feasibility study by network operator Nogat. This strategic infrastructure project ...

Deadline for 2025 benefit applications extended by four months

The application deadline for 2025 benefits such as rent subsidy, healthcare allowance, and child budget has been extended by four months. Applicants now have until December 31 to request these benefit...

From espionage to 99.9999 percent pure gas: how the race between China and ASML is unfolding

China is intensifying efforts to develop its own independent semiconductor production capabilities in response to American restrictions and competition with the Dutch company ASML. Experts note that C...

Dutch tax authority goes on 'camel hunt' to tackle overcrowded offices on Tuesdays and Thursdays

Employers in the Netherlands are struggling with the 'Tuesday-Thursday economy' as staff increasingly prefer working in the office on these days while choosing remote work or leave for the rest of the...

Hundreds of ships stuck off Strait of Hormuz, oil prices rise slightly

Oil prices rose on Monday morning due to escalating tensions in the Middle East between Iran and the US. These geopolitical conflicts have caused hundreds of ships to remain stuck near the Strait of H...

International students ultimately contribute more money to the Netherlands

Research from the Netherlands Bureau for Economic Policy Analysis (CPB) indicates that international students provide a net economic benefit to the country. This is primarily because many of these stu...

Fixed energy contract now hundreds of euros more expensive due to high gas prices

Households in the Netherlands that sign new fixed energy contracts are paying nearly 600 euros more per year than they would have in February. This price increase is primarily driven by rising gas cos...

Initiators cite new argument for three wind turbines: they could power 18,000 new homes in Amsterdam

Budget talks head into the evening as time runs out

Coalition parties D66, VVD, and CDA are currently engaged in late-night budget negotiations as the deadline for next year's budget approaches. The parties are under pressure to reach an agreement by M...

Students borrow for student debt again: 'Investing was not the intention'

First-year students in the Netherlands are increasingly taking on student debt as they navigate financial decision-making early in their academic careers. Experts advise students to carefully track th...

Wall Street wunderkind loses 30 billion in days as AI investment model fails

Leopold Aschenbrenner, a 24-year-old investor once praised for his AI-driven financial models, is under investigation after his strategy resulted in the loss of 30 billion dollars. The German trader's...

The greenhouse | Regional products are not just fun for holidays

In his weekly column, climate reporter Jeroen Kraan encourages consumers to prioritize the origin of ingredients over prices in supermarkets. He argues that shifting towards local and sustainable food...

Camera glasses offer solution for the blind and visually impaired: 'Make them an assistive device'

While smart glasses like the Ray-Ban Meta face criticism for privacy concerns regarding unauthorized filming, they offer significant benefits for blind and visually impaired users. Experts are now adv...

New educational goals: even math teachers must focus on language

As of this school year, Dutch students are following updated national curriculum goals aimed at addressing outdated standards. A significant focus of these new requirements is improving reading skills...

Energy shortage looms, but The Hague is in no rush with new nuclear power plant

Despite acknowledging the necessity of a new nuclear power plant to ensure energy security, the Dutch government is failing to make progress due to political disagreements over costs and potential loc...

French court recognizes flight attendant's breast cancer as occupational disease

A French court has ruled that a former Air France flight attendant's breast cancer is an occupational disease. This landmark decision could set a precedent for future legal claims of a similar nature.

Family does not have to leave home despite thousands of euros in rent arrears

A court has ruled that a family in Diemen may remain in their rental home despite accumulating over 8,200 euros in rent arrears. The judge prioritized the welfare and housing stability of the family's...

Maritime organization: About 400 ships still stuck in Persian Gulf

Approximately four hundred ships remain stranded in the Persian Gulf, according to International Maritime Organization Secretary-General Arsenio Dominguez. The blockade of the Strait of Hormuz has lef...

European gas stocks heading for lowest levels in years after summer period

European gas storage facilities are being refilled too slowly according to current market data. Experts warn that EU countries risk entering the upcoming winter with the lowest gas reserves seen in 13...

After thirty years, Ellen (58) goes her own way: 'I'm having the time of my life'

After thirty years of focusing on her family, 58-year-old Ellen has decided to prioritize her own path and independence. She shared her transition with Anne-Marije Buckens, emphasizing her newfound fo...

Screen time | Meta has caved and must now truly protect teenagers

Tech reporter Rutger Otto discusses how Meta was forced to implement stricter protections for teenagers on Instagram and Facebook. This regulatory pressure marks a significant shift in how the social ...

Trump announces 'historic' oil deal with Venezuela

Former US President Donald Trump announced a significant agreement with Venezuela regarding access to the country's oil reserves. This deal reportedly grants the United States partial control over a l...