Economy News in English

Labor Inspectorate imposes 316,875 euro fine on luxury gym Saints & Stars

Dutch Consumers' Association still finds dozens of examples of shrinkflation: ‘Persistent problem’

The Dutch Consumers' Association, Consumentenbond, reports that 'shrinkflation' remains a persistent issue in supermarkets. Manufacturers continue to reduce product package sizes while keeping prices ...

Gold has not been this expensive in three months

The price of gold has reached its highest level in over three months. This increase follows the announcement of intervention measures by the US Department of the Treasury in the government bond market...

Millions of Tesla vehicles recalled in China over door handle issue

Chinese authorities have ordered the recall of nearly 3 million Tesla vehicles and 1 million other electric cars due to safety concerns regarding flush door handles. The design is deemed problematic f...

More than 1.7 million cars sold or changed owners last year

In the Netherlands, more than 1.7 million cars were sold or changed ownership last year, an increase compared to the 1.67 million recorded in 2024. Data indicates that individuals within the second-hi...

Shein to go public on September 1, company aims to raise over 1.5 billion euros

Online retailer Shein is planning to launch an initial public offering on the Hong Kong Stock Exchange on September 1. The company aims to raise approximately 1.5 billion euros through this stock mark...

Renovations are no solution to housing shortage, says Economic Institute for Construction

The Economic Institute for the Construction Industry (EIB) reports that the government's policy of converting existing buildings into housing will not effectively address the housing shortage. The stu...

New head of Horeca Nederland wants to cap Amsterdam tourist tax: ‘We are asking the cabinet to set a limit’

When Ingrid shares the real reason she's looking for a new job on LinkedIn, her former employer calls

Ingrid, a 54-year-old employee, faces the loss of her job after 31 years at a family business. She expresses frustration over feeling forced to hide the true circumstances of her departure while seeki...

TikTok's European division posts first profit despite high legal costs

TikTok's European division achieved its first annual profit last year due to significant user growth. However, the company also allocated over $1 billion to cover legal costs and potential fines.

Investigation into deceptive pricing tactics in the traditional taxi industry

The Dutch cabinet is launching an investigation this autumn into a deceptive pricing practice in the traditional taxi industry. Drivers at taxi stands are reportedly refusing fares to coerce customers...

Some students stop looking due to persistent shortage of student rooms

As the new academic year approaches, many students in the Netherlands are struggling to find housing due to a persistent shortage of student rooms. The situation has become so dire that some prospecti...

From money stress to angry reviews: six things novice B&B owners underestimate

Starting a bed and breakfast is a common dream but comes with significant challenges that many new owners underestimate. Hanny Arens, chair of Stichting Bed and Breakfast Nederland, identifies six pot...

Trump made more than a thousand stock trades in June

In June, U.S. President Donald Trump executed over a thousand stock and investment transactions. This high volume of activity has raised concerns regarding potential conflicts of interest.

The greenhouse | Water boards forced to improvise during drought

Climate reporter Jeroen Kraan discusses the increasing strain on the Dutch water management system due to persistent drought conditions. Water boards are currently implementing temporary measures, but...

Mayor Moolenburgh reflects on 6 years of the Zandvoort Grand Prix

Mayor David Moolenburgh reflected on the success of the Formula 1 Grand Prix in Zandvoort as the event approaches its final years. The Dutch Grand Prix is scheduled to conclude after 2026, as organize...

Frontrunners | This machine can still recycle 'worthless' plastic waste

As part of the 'Koplopers' series, NU.nl is highlighting sustainable projects that provide insight into the future. This week features a machine capable of recycling plastic waste that was previously ...

Streamers beg for money on TikTok, and it works: ‘You pay to go to the movies, don’t you?’

A growing trend on TikTok involves viewers sending digital gifts to streamers, creating an economy where users provide financial support for entertainment. While some streamers defend these payments a...

Over 200 damage reports following earthquake in North Groningen

More than 200 reports of property damage have been filed with the Instituut Mijnbouwschade Groningen following a recent earthquake in northern Groningen. The organization is currently processing these...

Tel Sell's hits and flops: My brother-in-law will soon have a child lock on his television

Readers are sharing their nostalgic memories of the iconic television shopping channel Tel Sell, discussing both the faulty products and the reliable hits. While some items like a fishing rod received...

Nobody wants to pay for ChatGPT, so ads are coming: 'Many people find the chatbot mediocre'

OpenAI plans to introduce advertisements into ChatGPT, starting with promotional travel offers, due to significant financial losses. The company is pursuing this strategy as users remain largely unwil...

Why DNB helped renovate the home of Suriname's richest Black woman: 'Apologies are not enough'

De Nederlandsche Bank has contributed 500,000 euros toward a museum dedicated to Elisabeth Samson, who was historically the wealthiest woman in Suriname. The funding is part of a broader acknowledgmen...

Insurance doesn't cover everything: Better to leave expensive necklaces at home

Insurance coverage for stolen personal items like phones or jewelry at festivals or outings is not guaranteed and depends on specific policy details. Policyholders are advised to consider the value of...

TikTok settles US child privacy case for 400 million dollars

TikTok has reached a 400 million dollar settlement with the U.S. Department of Justice regarding allegations of privacy violations concerning children. This agreement marks one of the largest settleme...

Screen Time | Shall we stop destroying books to train AI?

Tech reporter Rutger Otto questions the practice of destroying physical books once they have been used to train generative AI models. He argues that this approach should be reconsidered and explores a...

Canada suspends tariff negotiations with US

Canada has suspended negotiations with the United States regarding import tariffs, citing a lack of sufficient progress in protecting national interests. This decision marks a significant escalation i...

AI fraud increasingly troubles insurers: 'Premiums will eventually go up'

Fraudsters are increasingly using artificial intelligence to create counterfeit invoices and damage photos to deceive insurance companies. Experts warn that if these fraudulent claims are not successf...

Fiber-rich products not actually that healthy: manufacturers mislead customers with claims

The Dutch Consumers' Association, Consumentenbond, has revealed that food manufacturers are misleading customers by using deceptive 'high-fiber' claims on product packaging. These findings suggest tha...

Single person with average income has only four homes to choose from in Amsterdam, including a 10-square-meter room

Uber hit with 825 million euro fine by Dutch regulator over wrongful driver account suspensions

The Dutch Data Protection Authority (AP) has fined Uber 825 million euros for the unauthorized automated suspension of driver accounts between 2020 and 2022. The regulator stated that the company fail...