Economy News in English
Latest economy headlines from Dutch news, translated into English.
Investors cheer record figures from US chipmaker Nvidia, driving ASML, ASMI and Besi higher
Investors responded enthusiastically to Nvidia's record-breaking earnings, which were driven by high demand for artificial intelligence infrastructure. This positive market sentiment also led to a ris...
Record number of deposit bottles returned, target seems within reach
The number of deposit bottles and cans returned by people in the Netherlands has reached record levels. Despite this progress, the legal collection target of 90 percent remains just out of reach.
FIOD raids firm in 23 million euro investment fraud investigation
The Dutch Fiscal Intelligence and Investigation Service (FIOD) has conducted searches at three locations as part of an investigation into a major investment fraud scheme. A 46-year-old man is suspecte...
Oil transport continues to recover, Kuwait and Qatar join maritime relay
Oil transport through the Strait of Hormuz has recovered to 70 percent of its capacity. Kuwait and Qatar have joined the United Arab Emirates and Saudi Arabia in transferring oil between ships on the ...
PLUS also recalls organic brie due to potential listeria contamination
Supermarket chain PLUS is recalling its organic brie due to a potential Listeria contamination. This follows a similar recall recently issued by the Jumbo supermarket chain.
Netflix explodes tonight, all eyes on the GTA 6 mega-show: 'The Night Watch of our time'
The entertainment industry is focused on the highly anticipated world premiere of the Grand Theft Auto 6 trailer, scheduled for 9:00 PM tonight. Experts describe the upcoming release as a historic eve...
Fed governor Cook again resists dismissal by Trump
Federal Reserve board member Lisa Cook is challenging President Donald Trump's attempt to remove her from office over allegations of mortgage fraud. Cook's legal counsel maintains that the President l...
Khaled (16): 'With a job guarantee, I can start building my future now'
Young people can now enroll in specialized vocational training programs that offer guaranteed employment upon completion. These programs target sectors currently facing significant labor shortages.
AI chipmaker NVIDIA expects more massive growth due to sustained demand
AI chipmaker NVIDIA continues to generate significant profits as demand for their technology remains high. The company projects a 70 percent increase in revenue for the coming year as they struggle to...
Margaret Versteden-van Duijn steps down after one year as CEO of Albert Heijn, Etos and Gall & Gall and receives promotion within Ahold Delhaize
Margaret Versteden-van Duijn will step down as CEO of Albert Heijn, Etos, and Gall & Gall after one year to take on a new leadership role as CEO of Ahold Delhaize Europe & Indonesia. Her transition to...
Wave of rental properties being sold off appears to be over
The trend of investors selling off rental properties in the Netherlands has slowed down, according to data from the Land Registry. This decline in market supply is particularly impacting first-time ho...
Without a ‘total deal’ by Budget Day, the cabinet is heading for mini-agreements
The Dutch minority cabinet is struggling to reach a comprehensive budget agreement with opposition parties ahead of Prinsjesdag. With time running out, the government currently faces the prospect of s...
ASML plays key role in doubling of Dutch chip industry
The Dutch semiconductor industry has doubled in revenue and employment over the past six years according to recent data from Statistics Netherlands. ASML is highlighted as a significant contributor to...
Silence surrounds Mysteryland: entrepreneurs miss out on income and await news
Local businesses near the Haarlemmermeerse Bos are experiencing a loss in revenue due to the cancellation of the Mysteryland festival this year. While organizers state that a new team is working on up...
Advisory council sounds major alarm: we are losing industry and thousands of jobs to China and the US
The Netherlands and the broader European region risk losing significant industry and thousands of jobs to China and the United States. In response, the Scientific Council for Government Policy advises...
Jumbo recalls brie and gorgonzola due to possible listeria contamination
Supermarket chain Jumbo has issued a recall for its private-label brie and gorgonzola cheeses due to potential listeria contamination. Customers are warned that consuming the products could lead to se...
Amsterdam-Noord expects GVB ferry operators to join major public transport strike on September 9
Meteorologists look forward to weather satellite that detects thunderstorms sooner
European meteorologists are preparing for the launch of a new weather satellite on Thursday that will improve the detection of severe thunderstorms and dense fog. This mission is considered high-stake...
Are new nitrogen rules truly unfeasible? Desperate farmers fear ‘battlefield’
Farmer organizations in the Netherlands claim that new nitrogen regulations proposed by Minister Jaimi van Essen are unachievable for dairy farms, even among industry leaders. The Ministry of Agricult...
US company cancels acquisition of Dutch IT firm Solvinity
American company Kyndryl has cancelled its acquisition of the Dutch IT firm Solvinity. The deal was controversial because Solvinity manages the platform behind DigiD, leading to concerns regarding the...
Poorly timed job change can cost you thousands of euros in pension
The transition to a new pension system in the Netherlands may cause tens of thousands of workers to lose thousands of euros in potential compensation if they switch jobs at the wrong time. Affected in...
For the third year in a row, more Haarlem residents are failing to pay their health insurance premiums
Data from the Central Bureau of Statistics indicates that approximately 1,680 Haarlem residents have failed to pay their health insurance premiums for at least six months. This figure has reached its ...
Transavia and Corendon criticize higher flight tax: 'Government uses travelers as a cash cow'
Corendon and Transavia have expressed strong criticism regarding the significant increase in the Dutch aviation tax. The airlines argue that the new rates will be much higher than those in neighboring...
Little fear of gas shortages, but concerns over high prices
Although there is little fear of an actual gas shortage in the Netherlands, concerns remain regarding potential price spikes during a severe winter. Experts warn that extreme cold could strain supplie...
Higher gambling tax leads to losses for Holland Casino
Holland Casino reported a loss of over 6 million euros in the first half of the year, primarily due to an increase in gambling tax. Despite the financial decline, visitor numbers remained stable at ov...
Meta settles for billions in mega-lawsuit over addictive apps
Meta has agreed to a settlement of up to $16.7 billion to resolve a major U.S. lawsuit concerning the addictive design of its Facebook and Instagram platforms. As part of the agreement, the company wi...
Healthcare entrepreneur arrested in investigation into money laundering of tens of millions of euros
Police have arrested a 41-year-old healthcare entrepreneur in Amsterdam for his alleged involvement in a money laundering scheme involving tens of millions of euros. The suspect is accused of embezzli...
Equal pay does not drive Dutch ships abroad en masse
New research suggests that mandating equal pay for Dutch, Filipino, and Indonesian seafarers on the same vessels would not lead to a mass exodus of the Dutch fleet. This study contradicts previous war...
Healthcare entrepreneur in Osdorp arrested for payments to shell companies – police suspect money laundering scheme
France relaxes cheese rules due to lack of grass caused by drought
France is temporarily relaxing strict production regulations for traditional cheeses like Comté due to severe drought. Farmers are now permitted to feed their cows alternative fodder because insuffic...