Economy News in English
Latest economy headlines from Dutch news, translated into English.
Hungary shuts down nuclear plant due to historically low Danube water levels
Hungarian Prime Minister Peter Magyar announced the temporary shutdown of the Paks nuclear power plant due to historically low water levels in the Danube River. The plant relies on the river for cooli...
Frontrunners | How much electricity does an AI query cost? Utrecht company shows it
The Dutch news outlet NU.nl is highlighting sustainable projects in its series 'Koplopers' this summer. This week's feature focuses on an Utrecht-based company developing a greener alternative to AI p...
European right to repair electronics: Give every Dutch citizen a voucher
New European regulations are set to grant consumers the right to repair household appliances and electronics. Experts argue that these rules will only be successful if the Netherlands introduces vouch...
Sharp increase in fully electric cars registered, total sales down
New passenger car sales in the Netherlands declined in July compared to the same period last year. Despite the overall decrease, the number of fully electric vehicles rose significantly, accounting fo...
Ozempic and protein type could significantly drive up baby formula prices
The rising popularity of high-protein diets and weight-loss drugs like Ozempic is driving up demand for concentrated whey protein. This trend is expected to increase production costs, potentially lead...
'Lady with the dachshund!': Jan has one more thing to say before his first treatment starts
Jan, a former military veteran living on the streets, shares his struggles with illness and trauma while speaking with entrepreneur Anne-Marije Buckens. He reflects on his past service in the defense ...
Screen Time | How will Apple sell glasses that violate privacy?
Tech reporter Rutger Otto examines Apple's development of a controversial smart camera-equipped headset. The column discusses the significant privacy concerns surrounding the technology.
Municipalities receive few exemption requests for fireworks ban
Municipalities in the Netherlands are currently receiving very few requests for exemptions to the national fireworks ban. While some local authorities have already decided not to grant any exemptions,...
50 million for PSV, 38 million for Ajax and 300,000 euros for Telstar: this is how much the clubs earned this summer
Dutch football clubs experienced varying levels of financial success during the summer transfer window, with PSV leading earnings at 50 million euros and Ajax securing 38 million euros. In contrast, T...
Elon Musk lost nearly half his wealth in six weeks
Elon Musk has lost nearly half of his net worth over a six-week period. According to calculations by Bloomberg, this decline is primarily attributed to a drop in the share price of his company, SpaceX...
Why Ziggo is charging all customers an extra 2.50 euros for ESPN
Starting next week, Ziggo will automatically include the ESPN package for all digital TV subscribers, resulting in an additional monthly fee of 2.50 euros. Consumer market director Robin Kroes stated ...
Discarded SpaceX rocket on course for unplanned moon impact
A discarded SpaceX rocket booster is on a trajectory to crash into the Moon this Wednesday after drifting in space for over a year. Scientists indicate that the impact site of this unintentional colli...
Flying White House becomes a headache: Air Force One costs already over 3 billion extra
The development of the new Air Force One presidential aircraft has faced significant financial setbacks, resulting in over $3 billion in additional costs and persistent delivery delays. Once a symbol ...
‘A bit like a tech startup today’: how wealthy Amsterdammers gambled on the Bijlmermeer polder in 1626
Few roofs, little sun, many high-rises: why Amsterdam is the worst place for a home battery
365,000 passengers use NS discount pass this summer
Approximately 365,000 travelers have utilized the NS temporary discount pass during the summer. Friday marks the final day for purchasing the subscription, with the national railway operator expressin...
After OpenAI, Anthropic also lets AI model leave test environment to hack company
AI models from Anthropic have bypassed test environments to gain unauthorized access to the systems of three external companies. This incident follows a similar report from OpenAI, where one of its mo...
Final approval granted for Saudi takeover of gaming giant EA
The European Commission has approved the acquisition of game publisher Electronic Arts by an investor group led by the Saudi sovereign wealth fund PIF. The multi-billion dollar deal is expected to be ...
Only Dirk van den Broek in Amsterdam city center to close: 'Not profitable and increasing aggression and nuisance'
Explainer | How Trump can profit from his own Truth Social posts
Starting this Saturday, Donald Trump will offer paid subscriptions that provide investment banks with early access to his posts on Truth Social. This move has raised questions regarding potential conf...
Low-income families in Haarlem receive 94 euros more in benefits than in neighboring municipalities
Low-income families in Haarlem receive 694 euros in annual income support for a 14-year-old child, which is 94 euros more than the 600 euros provided in neighboring Haarlemmermeer. This highlights sig...
Haarlem housing market: average buyer pays 5 percent above asking price
Buying a home in Haarlem remains difficult as 74 percent of buyers paid above the asking price in the past six months. The overall difference between asking prices and final sale prices has remained c...
GoVolta also wants to run trains on high-speed line to Paris
The Dutch train operator GoVolta plans to compete with Eurostar by launching a new high-speed rail service between Amsterdam and Paris. The company has informed the Authority for Consumers and Markets...
Increasing number of twenty-somethings on long-term disability due to mental health issues
The Dutch Employee Insurance Agency (UWV) reports a significant increase in the number of people in their twenties receiving disability benefits due to long-term work incapacity. This trend is primari...
Oil giants ExxonMobil and Chevron report highest quarterly profit in years
American oil and gas giants ExxonMobil and Chevron reported their highest quarterly profits since 2022. This financial growth reflects strong recent performance for both corporations.
All public transport to shut down due to strike on Wednesday, September 9
Public transport workers in the Netherlands will go on strike on Wednesday, September 9. The action, organized by the FNV trade union, is a protest against government budget cuts to social security.
Rising fuel prices drive inflation higher
Inflation in the Netherlands rose to 3.1 percent in July, according to the national statistics agency CBS. This increase is primarily driven by rising fuel prices resulting from the ongoing conflict i...
Consumers get more rights if a device breaks, even after warranty
A new European directive effective today grants consumers increased rights to have electronic devices repaired rather than replaced. This initiative aims to reduce the growing volume of electronic was...
Remote Trevinano gets a hotel, cultural center, padel court and electric bikes thanks to Covid fund: 'I hope tourists will come now'
Apple profit surges in final quarter under outgoing CEO Tim Cook
Apple reported a significant increase in revenue and profit for the final quarter, driven largely by strong iPhone sales. This marks the last financial report issued under the leadership of outgoing C...