Economy News in English
Latest economy headlines from Dutch news, translated into English.
Rijkswaterstaat scraps all sustainability investments from Zuidasdok megaproject
This Aldi in the center of Amsterdam is closing: ‘That really sucks, because it’s still affordable here’
CENTCOM supports Project Freedom in the Strait of Hormuz
U.S. Central Command (CENTCOM) forces will begin supporting Project Freedom this Monday to ensure the safety of commercial shipping in the Strait of Hormuz. The initiative aims to restore freedom of n...
UK to join 90 billion European loan for Ukraine
The United Kingdom government announced on Sunday that it intends to start negotiations to join the European Union's 90 billion euro loan program for Ukraine. This move reflects a coordinated effort t...
Trump: US to assist ships in Strait of Hormuz starting Monday
U.S. President Donald Trump announced on Truth Social that the United States will begin an operation on Monday morning to escort ships stuck in the Strait of Hormuz. The mission aims to assist vessels...
Banning new Zuidas parking garages 'could have greater financial consequences than anticipated'
The City of Amsterdam is delaying a decision on banning new parking garages in the Zuidas business district to conduct further research into the plan's financial and legal implications. Stakeholders a...
Never overdrawn? Rabobank suddenly wants to know everything about you: ‘Scandalous’
Rabobank has introduced a new policy requiring customers to disclose personal details, such as the number of children and cars they own, to maintain their overdraft facilities. Failure to provide this...
44,000 Dutch Teslas get self-driving feature. Are drivers ready?
Approximately 44,000 Teslas in the Netherlands are receiving a self-driving software update that allows vehicles to navigate autonomously for owners who opt for the feature. Although the technology is...
OPEC+ increases oil production in June, first decision after UAE departure
Opec+ member nations announced on Sunday that they will increase oil production starting in June. This decision marks the first major move by the group following the United Arab Emirates' recent annou...
Koos wanted to belong again, so he looked for a new job at 80
At age 80, a man named Koos decided to return to the workforce after finding that retirement did not meet his expectations. He sought assistance from a career coach specializing in workers over 50 bec...
The Greenhouse | Time to give this American bear a Dutch passport
Climate reporter Jeroen Kraan discusses the increasing risk of wildfires in the Netherlands following recent events. He advocates for the development of a "fire culture" to improve national preparedne...
French brewer must stop 'John Lemon' beer after Yoko Ono complaint
A French brewer from Brittany has been forced to stop selling his craft beer named "John Lemon" after a complaint from Yoko Ono. John Lennon's widow objected to the pun, leading to the product being p...
Pet shop gets major chain next door: "I'm shocked"
Kirsten de Kloet, owner of the 65-year-old pet store 't Dierenhoekje in Amsterdam, is shocked that the large chain Pets Place is opening a new branch right next door. While regular customers express t...
Austrian police arrest man after poisoning baby food with rat poison
Austrian police arrested a 39-year-old man for allegedly poisoning jars of HiPP baby food with rat poison. The suspect reportedly tampered with the products in an attempt to blackmail the German manuf...
Law changed again before all tenants could benefit from rent reduction
The Dutch government is revising rent reduction laws before all eligible tenants could benefit, leading to concerns that housing costs will increase. Political reporter Hans van Soest notes that the c...
Market traders take control of part of Ten Katemarkt: "Increasingly a food market"
Market traders in Amsterdam have been granted management over a portion of the Ten Katemarkt in a three-year trial aimed at revitalizing the area. The initiative seeks to combat increasing vacancies a...
Haarlem court employee fired for embezzling 150,000 euros
A financial employee at the Haarlem court was dismissed after embezzling approximately 150,000 euros between 2018 and 2025. While a criminal investigation was initiated, it was halted following the em...
Ajax celebrates: Ipswich Town promoted to Premier League, triggering €9.3m buy option for Chuba Akpom
Ipswich Town's promotion to the Premier League has triggered a mandatory buy option for Ajax player Chuba Akpom worth 9.3 million euros. This financial windfall benefits the Amsterdam-based club as th...
German petrol prices drop below 2 euros locally due to excise tax cut
Gasoline prices at many German gas stations dropped below 2 euros on Friday following a temporary excise duty reduction. The tax cut of approximately 17 cents per liter was implemented to alleviate th...
ING outage disrupts card payments
ING bank is experiencing a technical malfunction that is causing difficulties for customers performing pin transactions. A spokesperson for the bank confirmed the issue, noting that payment services a...
Spirit Airlines shuts down after lack of US state aid
Spirit Airlines is immediately ceasing all operations after failing to secure emergency financial aid from the United States government. The budget carrier's collapse follows severe financial struggle...
Labor Day shines at Café de Zon: ‘The fight for better labor rights is far from over’
On Friday, Café de Zon hosted Labor Day celebrations featuring protest songs and discussions on trade unions and migrant workers' rights. The event emphasized that the struggle for improved labor rig...
Screen Time | Greece wants to end online anonymity and I think of Gordon
Tech reporter Rutger Otto discusses Greece's potential move to end online anonymity on social media platforms. This proposal mirrors a similar demand made five years ago by Dutch media personality Gor...
Dutch cautious about booking summer holidays but won't skimp on sun
Dutch travelers are currently cautious about booking summer holidays due to uncertainties surrounding air travel. Despite this hesitation, the travel industry association ANVR reports that people stil...
Middle East war changes travel habits: these destinations are in demand
Dutch travelers are becoming more cautious when booking summer vacations due to geopolitical unrest and concerns about air travel. The travel association ANVR reports that while people still want to g...
Elon Musk feels cheated by OpenAI and wants to redirect the company
Elon Musk has initiated a lawsuit against Sam Altman and OpenAI, questioning the company's shift from a non-profit to a commercial entity. The initial days of the trial featured arguments from Musk an...
Cheap dining in Amsterdam – how is it possible in these expensive times? ‘I sell every table 3 or 4 times a night’
Axios: US blockade has cost Iran nearly $5 billion
A U.S. naval blockade has caused Iran to lose nearly five billion dollars in oil revenue, according to data from the U.S. Department of Defense. The report, published by news site Axios, highlights th...
Trump increases pressure on Cuba with new sanctions
U.S. President Donald Trump has imposed new sanctions on Cuba to increase pressure on the island's communist government. This decision follows previous actions taken by the U.S. administration against...
Electricity so cheap Aljo gets paid: ‘A friend came to charge his car here’
Aljo Hartgers from Oosterbeek utilized negative dynamic energy prices by consuming electricity to earn money, such as charging a friend's car and running his heat pump. This illustrates how consumers ...