Economy News in English
Latest economy headlines from Dutch news, translated into English.
After 50 years, humans are flying to the moon again: 'Crew reflects today's society'
For the first time since 1972, astronauts have flown toward the moon as part of a mission reflecting modern societal changes. The current lunar program highlights international collaboration and a foc...
How the World Cup became a money machine for FIFA: no taxes, record revenue of 11.5 billion euros, and ‘everything is for Infantino’
The FIFA World Cup has achieved record commercial success, generating 11.5 billion euros in revenue while benefiting from tax-exempt status. With the tournament expanding to 48 countries and 104 match...
Dubai works on plans for new port to bypass Strait of Hormuz
Port operator DP World is planning to construct a new port in Fujairah on the east coast of the United Arab Emirates. This project aims to provide an alternative route for ships to bypass the Strait o...
Trump wants ships in Strait of Hormuz to pay toll for protection
Former US President Donald Trump has proposed that all cargo ships passing through the Strait of Hormuz should pay tolls to the United States. He argues that this fee is necessary to compensate the U....
ACM also investigating Odido measures to protect customer data
The Authority for Consumers and Markets (ACM) has launched an investigation into the measures taken by telecom provider Odido to protect customer personal data. The regulator is assessing whether the ...
Large group of real estate agents criticize Funda's new working method
Nineteen regional departments of the Dutch real estate association NVM have expressed dissatisfaction with Funda's new policy. The group criticized the platform's decision to increase rates for placin...
Volkswagen may cut another 50,000 jobs to reduce costs
Volkswagen CEO Oliver Blume has indicated in an internal document that the automaker may cut an additional 50,000 jobs to reduce costs and maintain competitiveness. The company is taking these measure...
EU gives final approval to revised air passenger rights
European Union member states have granted final approval to revised air passenger rights, which are set to take effect by mid-2027. This decision follows previous support from the European Parliament.
Holidaymakers find cheapest fuel in Spain, the Netherlands is most expensive
According to research from the ANWB, Dutch vacationers will find the lowest fuel prices for both gasoline and diesel in Spain this summer. Conversely, the Netherlands is currently the most expensive c...
Netherlands becoming more attractive for viticulture: 'But hotter isn't always better'
Viticulture in the Netherlands is growing rapidly as rising temperatures create more favorable conditions for grape cultivation. This warming climate has led to an increase in the number of vineyards,...
Dutch exports continue to rise in May, more petroleum products exported
Dutch exports increased by 5.5 percent in May compared to the same month last year. According to Statistics Netherlands, this growth was primarily driven by a rise in the export of petroleum products.
Foundation demands hundreds of millions in mass claim against buy now pay later service Klarna
The foundation Massaschade & Consument (SMC) has initiated a mass claim against the payment service Klarna. The foundation alleges that the company is violating consumer credit regulations on a large ...
Oil price hits three-week high after further escalation in Middle East
Oil prices have reached a three-week high due to escalating tensions in the Middle East. The rise follows military exchanges between Iran and the United States concerning the blockade of the Strait of...
Claims processing for disasters like Limburg floods still too complex
Five years after the floods in Limburg, the Dutch Association of Insurers reports that disaster damage processing remains overly complex and poorly regulated. The organization expresses concern that v...
Round trip Utrecht-Barcelona cheapest by diesel, electric car most expensive
Rising energy prices have made road trips significantly more expensive this year. Travelers driving to Barcelona may find that an electric vehicle is the costliest option unless charging sessions are ...
Municipality must pay thousands of euros to canal cruise company following failed permit policy
A civil court has ruled that the municipality of Amsterdam must pay compensation to the shipping company Blue Boat due to a flawed licensing policy for tour boats. The policy, which forced many compan...
Dozens of people missed Transavia flight due to long queues at Schiphol
Dozens of passengers missed their Transavia flights on Friday night due to long queues at the check-in counters at Schiphol Airport. The airline attributed the delays to ongoing capacity issues.
No umbrellas or a maximum number of beachgoers: the Italian beach has become an obstacle course
Italian beach operators are implementing increasingly strict rules for tourists, such as limiting visitor numbers and banning outside food. Travelers are advised to check local regulations carefully t...
Tom and Rolf have been best friends for thirty years, now one of them has to go
Lifelong friends Tom and Rolf face a difficult situation after a corporate reorganization threatens their professional relationship. Rolf expresses his disillusionment with the process through Anne-Ma...
The Greenhouse | Striking silence in The Hague regarding the prosecution of Tata Steel
Climate reporter Jeroen Kraan observes that there is currently a notable lack of political discourse regarding the potential prosecution of Tata Steel. The article questions whether this legal situati...
School holidays remain a puzzle for working mothers: 'Fathers' turn'
Working mothers in the Netherlands face significant challenges balancing their careers with childcare during school holidays. Many mothers choose to reduce their working hours due to the high costs an...
Going on holiday by electric car is getting easier, but charging costs vary significantly
Electric vehicle travel has become increasingly accessible, allowing drivers to reach their destinations with fewer concerns about range. However, experts warn that significant variations in charging ...
Haroon Sheikh explored how Eindhoven and Amsterdam can benefit from each other (spoiler: a lot!)
Professor Haroon Sheikh has investigated the potential for greater collaboration between the technology sectors of Amsterdam and Eindhoven. Following a challenge from former ASML CEO Peter Wennink, th...
Watching the Tour de France at the campsite? Your TV app might just stop working
Vacationers trying to watch live television abroad often face restrictions when using TV apps on large screens outside of their home network. There is ongoing debate regarding whether these limitation...
Baby boomer inheritance widens wealth gap: 'Inheritance tax comes too late'
The wealth gap in the Netherlands is widening due to increasingly large inheritances being passed down from the baby boomer generation. While a majority of the public supports higher taxes on large in...
Smart travel tips are pouring in, but we keep flocking to the same countries
Travel experts are suggesting alternative destinations and booking strategies to save money on vacations. However, travelers continue to flock to popular countries, and not all widely shared travel ti...
Meta pulls controversial AI feature after days of criticism
Meta has withdrawn a new AI feature on Instagram after only a few days following widespread criticism regarding potential privacy violations. The tool allowed users to generate images based on the pho...
Screen time | If you want to read AI-generated texts, you have to go to LinkedIn
In his weekly tech column, reporter Rutger Otto observes that LinkedIn has become the primary platform for content generated by artificial intelligence. His findings confirm the growing prevalence of ...
Apple sues OpenAI and two former employees for stealing trade secrets
Apple has filed a lawsuit against OpenAI, alleging that the company stole confidential information. Additionally, Apple claims that two former employees misappropriated trade secrets for the benefit o...
