KLM has cancelled 160 European flights scheduled for the coming month due to rising fuel costs. The airline stated that these routes are no longer profitable because of the high price of kerosene.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
Amsterdam's cultural sector is voicing strong opposition to rising tourist taxes and VAT increases, which are blamed for a significant drop in international museum attendance. The Rembrandthuis is among the institutions facing financial strain due to these policies and a negative shift in public attitude toward visitors.
The growth of female executive board members at companies listed on the Amsterdam stock exchange has stalled, with current trends suggesting gender parity in these roles will not be reached until 2044. While supervisory boards have successfully met mandatory quotas, the pace of new female appointments to executive boards remains stagnant.
Barclays plans to cut thousands of jobs to reduce costs and increase efficiency through the use of artificial intelligence. The announcement follows disappointing third-quarter financial results, particularly within the bank's bond trading division.
Existing home prices in the Netherlands fell by 0.4 percent in September compared to August, though they remain 2.9 percent higher than the previous year. While the rate of price growth has slowed, houses are still significantly more expensive than they were during the peak in 2022.
A coalition of environmental groups and residents has challenged new government regulations for Schiphol Airport at the Council of State. The plaintiffs claim the rules legitimize years of illegal operations and are seeking a mandatory reduction in flight numbers.
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