Economy News in English
Latest economy headlines from Dutch news, translated into English.
Coca-Cola revenue grows thanks to higher soft drink sales
Coca-Cola reported increased revenue in the last quarter, driven by higher soft drink sales during the World Cup and the implementation of price hikes. As a major sponsor of the tournament, the compan...
More expensive sportswear and jackets: EU imposes import tariffs on Chinese nylon
The European Union has introduced import duties ranging from 60 to 67.5 percent on Chinese nylon. This measure aims to counter the dumping of low-priced nylon on the European market, which is expected...
Europe must continue to do without liquid gas from Qatar for even longer
QatarEnergy has announced that it will continue to limit liquefied natural gas (LNG) deliveries to Europe due to ongoing conflicts in the Middle East. The company is invoking force majeure, citing its...
J&J settles for 5.5 billion dollars over claims baby powder causes cancer
Pharmaceutical company Johnson & Johnson has reached a $5.5 billion settlement to resolve numerous lawsuits alleging that its baby powder and other products cause ovarian cancer. This agreement aims t...
Fuel slightly cheaper again due to falling oil prices
Fuel prices at Dutch gas stations decreased on Tuesday following a significant drop in oil prices. This market shift occurred after the United States and Iran ceased mutual attacks, leading to lower c...
Philips to receive 186 million euros back in US import duties
Philips has received a 186 million euro refund following the overturning of import tariffs previously imposed by former U.S. President Donald Trump. The Dutch health technology company is among the fi...
Brazil challenges US import tariffs: 'Unjustified'
Brazil has filed a complaint with the World Trade Organization (WTO) regarding import tariffs imposed by U.S. President Donald Trump. The Brazilian government claims that these tariffs are unjustified...
ING expects record number of home sales this year, buyers have higher incomes
ING predicts a record-breaking 245,000 residential property sales in the Netherlands this year. This growth is driven by an increase in housing supply and rising household incomes.
More Dutch people are going on holiday by electric car
More Dutch citizens are choosing to travel by electric vehicle for their holidays, according to data from fast-charging company Fastned. The firm reported that charging sessions by Dutch drivers at it...
Seats in hundreds of Boeing 737 MAX jets may be incorrectly installed
The U.S. Federal Aviation Administration has ordered inspections for 453 Boeing 737 MAX aircraft due to concerns that seats may have been incorrectly installed. The directive affects planes registered...
Pensioner Henk (71) receives 2680 every month and knows he is lucky: I feel for the youth
1 in 20 households owns a caravan: Dutch people remain loyal to the camper lifestyle
The demand for caravans in the Netherlands has grown by 10 percent in the first half of the year, defying a previous trend toward campers. The Netherlands remains one of the few European countries whe...
China begins production of advanced chip machines
China has started production of its own advanced chip manufacturing equipment. This development challenges the long-standing market dominance of the Dutch company ASML in the chip production sector.
Budget fashion chain Primark lowers prices to stay ahead of competition
Budget clothing retailer Primark is permanently lowering prices on hundreds of popular items to maintain its competitive edge. This move is intended to challenge rising competitors like SHEIN and Temu...
Rijkswaterstaat enforces truck ban on Merwedebrug
Rijkswaterstaat is actively enforcing a truck ban on the Merwedebrug starting Saturday, July 18. This measure was implemented after inspections revealed that the bridge's steel arch structure has weak...
Prince Bernhard sells all his real estate and other business interests
Prince Bernhard of Orange is selling all of his real estate holdings and business interests, including hundreds of properties in Amsterdam, to his business partners. The Prince stated that he intends ...
The Russian economy is creaking but still standing
The Russian economy is facing significant strain due to the high costs of the war in Ukraine and frequent drone attacks on critical infrastructure. Despite a widening budget deficit and internal turmo...
Prince Bernhard sells all business interests, including real estate and Zandvoort circuit
SHEIN suffers under US import rules and threatens with more expensive products
The online fashion retailer SHEIN has warned that its clothing prices in the United States may increase due to disappointing financial results and stricter import regulations. These regulatory changes...
Liander expands power grid but cannot yet keep up with growing waiting list
Grid operator Liander provided 1,389 businesses with new or upgraded electricity connections during the first half of this year. Despite these efforts, the organization currently faces a growing backl...
Oil and gas prices drop sharply due to ceasefire in Iran conflict, effect at the pump expected in a few days
Oil and gas prices fell significantly on Monday following the suspension of United States military attacks on Iran. Traders are optimistic that this pause will ease tensions in the Middle East and res...
Gasoline price half a cent below record but may drop due to lower oil price
Gasoline prices in the Netherlands are currently just half a cent below record levels. However, falling oil prices and a weaker dollar suggest that prices at the pump may soon decrease.
Supermarket owner Marco is fed up with thieves: It really brings tears to your eyes
The fine for shoplifters in the Netherlands will increase from 181 to 242 euros starting in September. Despite this policy change, supermarket owner Marco Vos expresses skepticism, stating that the hi...
Farmers feel cornered by new cow standards: 'Nearly impossible task'
The Dutch government has proposed a new regulation limiting farmers to a maximum of 2.6 cows per hectare as part of a package to address nitrogen emission issues. Many farmers have expressed concern, ...
Still more manual cars despite rapid rise of automatics
Nearly half of all cars in the Netherlands are now automatic, a doubling of the figure from ten years ago. This trend is primarily driven by the rising popularity of electric and hybrid vehicles, whic...
Patty Brard fears she won't have enough money for her retirement
Dutch television presenter Patty Brard has expressed concerns regarding her financial future and retirement. As a result, the 71-year-old intends to continue working for the foreseeable future to ensu...
More and more buildings at risk of subsidence due to foundation problems
Nearly half a million buildings in the Netherlands are at risk of foundation-related subsidence damage by 2035. Without intervention, the total cost of damages is projected to reach 54 billion euros, ...
Addiction help via your employer: ‘That 5,000 euros is nothing compared to the costs of long-term absenteeism’
Large organizations in the Netherlands are increasingly helping employees with addictions by connecting them to specialized mental healthcare services. This initiative aims to reduce long-term absente...
Dentists sound alarm: We are heading for a dental care crisis
Dentists in the Netherlands are warning of an impending crisis in dental care due to an aging population and a decrease in the number of elderly patients with dentures. The professional association st...
Never flown a meter yet headed for the shredder: Boeing chooses to scrap new 777X
Boeing has decided to scrap a brand-new 777X aircraft that never performed a single flight. This decision comes as the 777X project continues to face significant delays and challenges for the American...