Economy News in English
Latest economy headlines from Dutch news, translated into English.
Drivers sue Uber over AI-driven payment system
Stichting WIE International has filed a lawsuit in Amsterdam against Uber, alleging that its AI-driven payment system violates privacy laws and creates unfair, non-transparent pay discrepancies for dr...
Average gas consumption for Haarlem residents remains stable, but these homes used more
Average gas consumption in Haarlem has stabilized, though semi-detached households have seen a recent increase in their usage. While many residents have adopted energy-efficient measures like heat pum...
Jordi Cruyff on Ajax transfers: ‘We don't have Champions League revenue, so you have to be extremely creative’
Ajax technical director Jordi Cruyff has defended his club's recent reliance on free transfers and loan deals to navigate a period without Champions League revenue. Cruyff argues that these strategies...
Norway scraps rose import duty following high demand for Harald's funeral
Norway has temporarily removed import duties on roses to compensate for supply chain disruptions caused by a strike in Kenya. The measure aims to facilitate imports from the Netherlands to meet the hi...
Victoria's Secret shares tumble after earnings report
Victoria's Secret shares fell as investors remained unimpressed by quarterly results, even as CEO Hillary Super focuses on core growth strategies. Meanwhile, Snowflake shares surged on strong AI deman...
Amsterdam-Rhine Canal to remain open for shipping at night after all
Rijkswaterstaat has reached an agreement with the inland shipping sector to keep the Amsterdam-Rhine Canal open at night, canceling previously planned closures. To ensure safety, shipping companies ha...
Managers fire employees and get bonuses: documentary shows how unequal the workplace is
The documentary 'De Manager' explores the power imbalance in the workplace by highlighting painful performance reviews and the lack of empathy from management. It specifically contrasts the experience...
New setback looms for Zuidasdok: tunnel construction could also become much more expensive
The Zuidasdok project in Amsterdam faces increased financial pressure as construction costs for one of its A10 tunnels have significantly exceeded initial estimates from 2024. This development threate...
Klarna collection fees for late payers are not a business model, committee rules
The financial complaints institute Kifid has ruled that collection fees are not a core part of Klarna's business model after the company provided accounting evidence. Although Klarna won this specific...
DNB to cut 290 jobs: Forced redundancies unavoidable
De Nederlandsche Bank is cutting 290 jobs, or 12 percent of its workforce, to save over 70 million euros as part of a major restructuring effort. The cuts are a response to recent financial losses and...
Easing EU emissions rules barely helps industry, while emissions rise
A report from the Netherlands Bureau for Economic Policy Analysis states that proposed EU emissions regulation changes will likely lead to a 33 percent increase in carbon emissions. The analysis sugge...
Pump prices hit new record: gasoline never this expensive during Middle East conflict
Gasoline prices in the Netherlands have hit a record high of 2.692 euros per liter amid ongoing supply chain disruptions caused by conflicts in the Middle East. Experts warn that fuel costs could clim...
Economic growth this year primarily driven by defense investments
Rabobank predicts the Dutch economy will grow by 1.1 percent next year, noting that future progress is hindered by inflation and higher taxes. Economic growth this year is primarily supported by incre...
Digital threat in the Netherlands grows due to blurring borders and rise of AI
Dutch authorities have reported a surge in cybercrime fueled by the availability of off-the-shelf attack tools and the rise of decentralized criminal networks. Artificial intelligence is further exace...
From Bavaria to Bol.com: one hundred companies promise less waste and more organic products in ‘unique’ pact
One hundred major Dutch companies have signed the 2030 Entrepreneurs Agreement to commit to sustainability goals such as waste reduction and increased organic sourcing. Supported by five political par...
Ajax transfer window a tale of two halves: squad gets major quality boost but business model under pressure
Technical director Jordi Cruijff has focused Ajax's recent transfer activity on short-term success by signing high-quality players like Julian Brandt and Marc ter Stegen. While these moves are aimed a...
Gasoline at record high: taking a detour saves 20 euros per tank
Gasoline prices in the Netherlands have surged to record highs, prompting many motorists to experience significant financial pressure. Drivers can save approximately 20 euros per tank by avoiding expe...
Chaos over box 3 deepens: coalition delays decision, repairs halted for now
The Dutch coalition government has delayed a critical tax reform for box 3 assets, potentially costing the state 2.4 billion euros annually. Disagreements over the taxation of unrealized capital gains...
Haarlem district designated for rapid construction of 6,000 homes: "A good step"
The Dutch government has designated the Schalkwijk district in Haarlem as a national priority area to fast-track the construction of 5,000 to 6,000 new homes. This initiative will support the municipa...
Johma factory doors open for one time only: a tour of the salad giant from Losser
The Johma salad factory in Losser is offering a rare, one-time opportunity for the public to tour its production facilities. Visitors will get an inside look at how popular products like kip samba sal...
Uber managers laid off as company cuts 10 percent of workforce
Uber is cutting 10 percent of its global workforce and reducing management roles by 20 percent to streamline operations. The company is also mandating a return to office for most staff while shifting ...
Not everyone has found the Tax Authority's new account number yet
The Dutch Tax Authority has moved its accounts to Rabobank, but one in ten payments are still being directed to the agency's defunct ING account. Officials are urging taxpayers to manually update thei...
Hundreds of travelers stranded: six Ryanair flights depart Eindhoven without luggage
Hundreds of travelers departing from Eindhoven Airport on Wednesday morning arrived at their destinations without their luggage. Six Ryanair flights left the airport while the passengers' suitcases re...
One in ten road users pays late for e-toll road in Zeeland
Data from early 2026 shows that ten percent of motorists are still missing the 72-hour payment window for the A24 Blankenburg toll road in South Holland. Although the government plans to improve signa...
Gasoline prices could hit 3 euros and diesel is also getting more expensive: here is why
Gasoline prices in the Netherlands have reached a record high of 2.668 euros per liter due to rising global oil prices. Consumers are facing potential further increases as various market participants ...
Dutch Tax Office spends 1 billion euros on wealth tax redress
The Dutch Tax Office has paid out nearly 1 billion euros in wealth tax compensation to citizens who were overtaxed based on fictional asset returns. The full scale of the operation is expected to cost...
Very cheap room in the heart of London: Booking.com leaves fake ad for 10 Downing Street listing up
The British consumer group Which? created a fake Booking.com listing for 10 Downing Street to demonstrate how easily fraudulent advertisements can persist on the platform. Despite the absurdity of the...
Netherlands releases part of oil reserves on day of record petrol prices
The Netherlands has begun releasing oil from its emergency reserves to combat rising fuel prices, which recently hit a record high of 2.668 euros per liter. This action is part of a broader 31-nation ...
Municipality and central government collaborate to speed up construction in Schalkwijk
Schalkwijk in Haarlem has been designated as a national large-scale housing location to fast-track the development of over 5,000 new, affordable homes. The municipality will receive central government...
De Nederlandsche Bank has moved 86 tonnes of gold from the US and Canada to London
De Nederlandsche Bank has transferred over 86 tonnes of gold from North America to London to enhance its crisis resilience amid geopolitical uncertainty. This move increases the Dutch gold storage in ...