Economy News in English

Trump announces higher tariffs on EU cars and commercial vehicles

U.S. President Donald Trump announced plans to increase import tariffs on cars and commercial vehicles from the European Union from 15% to 25% next week. Trump claimed the EU violated their trade agre...

House prices slightly cheaper: is the overheated housing market finally cooling down?

The Dutch housing market is showing signs of cooling down, with fewer bids above asking price and a decrease in home viewings. The article examines what these trends, including more frequent price red...

Protest march in Amsterdam on Labour Day

Thousands of people participated in a Labor Day protest march organized by the FNV trade union in Amsterdam on May 1st. The demonstrators marched from Museumplein to Martin Luther Kingpark to protest ...

VodafoneZiggo gains more mobile subscribers, fewer internet customers leave

VodafoneZiggo reported a growth in mobile subscriptions and a decrease in departing internet customers during the first quarter. This marks the fourth consecutive quarter of improvement as the telecom...

Court dismisses money laundering case against Marcel Kaatee over Red Light District properties

Thousands of protesters march in Amsterdam on Labor Day

Chinese city aims to protect food culture with dim sum regulation

Starting May 1, restaurants in the Chinese city of Guangzhou will be required to disclose whether their dishes are prepared using traditional methods. This measure aims to preserve the local culinary ...

Amsterdam households also face waiting list for heavier power connections soon

Dutch can profit more from their savings by investing

The Netherlands Authority for the Financial Markets (AFM) reports that one in ten Dutch households has sufficient financial resources to invest but chooses not to. This trend could lead to long-term f...

Fertilizer chief warns global food production under pressure from Iran war

Svein Tore Holsether, the CEO of fertilizer producer Yara, warns that conflict in Iran could severely disrupt global food production, potentially costing up to ten billion meals per week. He emphasize...

Growing season off to a slow start due to persistent drought

The growing season in the Netherlands is starting at a disadvantage due to persistent drought conditions affecting farmers and gardeners. LTO Nederland reports that soil and groundwater levels have no...

Dynamic electricity contract? Turn everything on this afternoon and the money will roll in

Electricity prices for consumers with dynamic energy contracts in the Netherlands will drop to a record low of -47 cents starting at 12:00 PM today. This negative pricing allows households to earn mon...

Dutch Tax Administration receives record 10.7 million tax returns

The Dutch Tax and Customs Administration received a record 10.7 million tax returns from individuals and businesses before the May 1 deadline. This total surpasses the previous record of 10.5 million ...

Fatbike seller sues Enschede over fatbike ban

Fatbike retailer La Souris is suing the municipality of Enschede to challenge a ban on fatbikes in the city center. The company argues the ban is discriminatory for distinguishing between fatbikes and...

AI scam sites from China target credit cards: thousands of Dutch victims already

Credit card fraud is rising sharply in the Netherlands as AI-generated fake webshops from China target consumers' credit cards. These fraudulent sites have already victimized thousands of people, usin...

Mbarki and Halsema defend Shell's participation in Amsterdam Economic Board

Amsterdam Mayor Femke Halsema and Alderman Sofyan Mbarki have defended Shell's membership in the Amsterdam Economic Board despite calls from political opponents to remove the company. They argued that...

Victims lost thousands of euros to Marktplaats fraud from Heemstede and Hoofddorp: 'I was involved'

A 24-year-old man from Heemstede admitted in a Haarlem court to his involvement in a Marketplace fraud scheme that cost victims thousands of euros. The suspect, whose activities were linked to Heemste...

Why the cabinet is padding Extinction Rebellion's coffers

This episode of the Politiek Dichtbij podcast addresses listener questions during the Dutch parliamentary recess. The discussion explores topics including financial connections to Extinction Rebellion...

Apple reports best first quarter ever despite chip shortage

Apple reported its best first-quarter revenue ever, earning 111.2 billion dollars between January and March. This represents a 17 percent increase compared to the previous year, despite the ongoing gl...

Retail sales rise in March despite Iran war, furniture especially in demand

Dutch retailers saw a significant increase in turnover in March compared to the previous year, according to data from Statistics Netherlands (CBS). Despite concerns that conflict in the Middle East wo...

Trump lifts Scotch whisky tariffs after royal visit

Donald Trump has removed import duties on Scotch whisky following a dinner with King Charles and Queen Camilla on Thursday. The President-elect stated that the royal couple influenced his decision wit...

ING: house prices will not rise further this year due to higher supply

ING predicts that Dutch house prices will remain stable for the rest of the year due to an increase in available housing supply. While the national average is expected to flatten, economists suggest t...

Oil price pain came quickly after war began, energy bill impact yet to come

Research from ABN AMRO indicates that Dutch households are currently feeling the economic impact of the Middle East conflict primarily through increased fuel prices. While energy bills have not yet ri...

Spotify to distinguish real musicians from AI artists with green checkmark

Spotify has announced a new verification system that uses a green checkmark to help users distinguish real musicians from AI-generated content. This initiative aims to provide transparency on the stre...

Unilever sheds food brands: from Lipton to Becel, not every brand proved a success under new ownership

Unilever has sold its food division, including major brands like Knorr and Hellmann’s, to the American company McCormick, marking the end of the multinational's involvement in the food sector. The t...

Setback for Utrecht power grid: essential gas generators may arrive too late

The deployment of emergency gas generators intended to relieve Utrecht's overcrowded power grid is facing delays, meaning they may not be ready for the upcoming winter. This setback increases the risk...

Congress passes controversial budget, ending US shutdown

The U.S. Congress has passed a budget for the Department of Homeland Security, ending a partial government shutdown that lasted for over two months. This decision follows a previous vote by the Senate...

Inflation barely rises: a relief, but it's the calm before the storm

Inflation in April remained nearly unchanged compared to March, defying fears that high energy prices would drive rates significantly higher. Experts caution that this stability may be short-lived, as...

Dutch foundation sues Netflix over price increases

The Dutch foundation Bescherming Consumentenbelang is suing Netflix over price increases implemented in recent years, which the group claims are unlawful. The lawsuit aims to challenge the legality of...

Paying domestic help during illness is mandatory, but almost no one does it

Domestic workers in private households often do not receive sick pay despite it being a legal requirement. The CNV trade union notes that most employers are simply unaware of the rules regarding their...