Business News in English

Opposition accuses VVD of making middle class foot the bill

Dutch opposition parties have criticized the VVD, accusing the new government of placing the financial burden of increased defense spending on the middle class. Leaders from parties such as GroenLinks...

FNV also disagrees with 'mitigation' of state pension cuts

The FNV, the largest trade union in the Netherlands, has expressed its disagreement with a proposal by the Dutch House of Representatives to mitigate changes to the state pension (AOW). The union main...

Suriname President requests departure of 3 state company directors

Surinamese President Jennifer Simons has requested the resignation of three board members from state-owned enterprises following a scandal involving lucrative contracts. The controversy centers on the...

World's most powerful banker warns of financial crisis: ‘People are doing stupid things again’

Jamie Dimon, the head of JPMorgan Chase, has warned of a potential financial crisis, comparing current market euphoria to the conditions preceding the 2008 crash. He cautioned that investors are repea...

Ahold Delhaize wants higher bonuses for top executives

Ahold Delhaize, the parent company of major retailers like Albert Heijn and Bol, proposes to increase the potential bonuses for its top executives. The company aims to use this revised bonus policy to...

IKEA plush toy flies off shelves after rejected baby monkey goes viral

Demand for an IKEA orangutan plush toy has spiked after a video of a rejected baby monkey in Japan using it for comfort went viral. The stuffed animal has become a substitute companion for the young p...

Fertilizer plant ICL faces 10 times higher penalty for next violation

Port businesses can still dispose of cardboard despite collector quitting

Entrepreneurs in the Amsterdam port area can still dispose of their cardboard despite the recent closure of the popular Veldman Recycling collection point on Strandweg. The facility had previously ser...

Vondelpark now also a nuisance area after significant increase in incidents

Amsterdam has expanded its designated nuisance and dealer enforcement zone to include Vondelpark and surrounding streets following a rise in incidents involving intimidation and drug trafficking. This...

Public Prosecution Service investigates major cyberattack at Odido

The Dutch Public Prosecution Service has launched a criminal investigation into a major cyberattack on telecom provider Odido. The breach resulted in the theft of millions of customer records, though ...

ICL to face significantly higher fines for future violations

Fertilizer factory ICL faces a tenfold increase in potential fines, rising to 1.25 million euros, if it exceeds future emission standards in the Amsterdam area. The environmental agency implemented th...

Heinen back to drawing board for Box 3 tax changes after heavy criticism

Dutch Finance Minister Eelco Heinen has announced revisions to the proposed box 3 tax legislation for capital gains. The decision follows significant criticism of the new system from both investors an...

Will Odido pay hackers not to share data? 'You can't do it right'

Telecom provider Odido has until Thursday to pay a ransom to the hacker group Shinyhunters to prevent the daily release of one million customer records. The company faces a difficult decision with no ...

Sports car maker Aston Martin cuts 20 percent of workforce

British sports car manufacturer Aston Martin has announced plans to reduce its workforce by 20 percent as part of a restructuring effort. The company aims to save approximately 40 million pounds annua...

Almost half of workers think AI will take over their jobs

Nearly half of workers believe that artificial intelligence could partially replace their current job responsibilities. Additionally, approximately 4 percent of the workforce expects that AI will even...

Millions of Dutch people on edge: what happens if hackers publish Odido customer data Thursday?

Cybercriminals who claimed responsibility for a hack on telecom provider Odido are threatening to publish the personal data of millions of Dutch customers this Thursday. The potential leak has caused ...

Dozens of homes in Hyde Park still empty months after completion: 'Lower the rent and make it for regular students'

Housing corporation Duwo has decided to open up vacant apartments in Hoofddorp's Hyde Park district to regular students after only 26 of 116 units intended for PhD researchers were rented. The move ai...

Chinese and German premiers seek more economic cooperation

Chinese Premier Li Qiang and German Chancellor Friedrich Merz have expressed their commitment to expanding economic cooperation between their two nations. During his visit to China, Merz highlighted t...

Expensive glasses popular among criminals. 'Stop selling Cartier, then it's solved'

Opticians in the Netherlands are increasingly being targeted by criminals for high-end designer frames, with recent break-ins reported in Laren and Limburg. Industry experts note that eyewear has tran...

Dutch Safety Board investigates KLM collision at Schiphol

The Dutch Safety Board (OVV) and Air Traffic Control the Netherlands (LVNL) have initiated investigations following a collision between two KLM aircraft at Schiphol Airport. Both organizations are con...

Appearance of conflict of interest: Alderman Stam avoids talks with Hoeve Nijverdal in 't Groot Clooster project

Alderman Eveline Stam is avoiding discussions with stakeholder Hoeve Nijverdal regarding the 't Groot Clooster project in Heemstede to avoid a perceived conflict of interest. Local entrepreneurs have ...

Nanning Hagendoorn (76) has been building aquariums for 53 years, the last 11 in the IJmuiden port area

Nanning Hagendoorn, 76, has been building aquariums for 53 years and is currently based in the IJmuiden port area. After a long career that included running shops in Amsterdam and Haarlem, he is now c...

Slovakia: Oil via Druzhba pipeline to resume Thursday

Slovakia expects to resume receiving Russian oil via the Druzhba pipeline this Thursday following repairs to the infrastructure. The supply line, which also serves Hungary and the Czech Republic, was ...

What’s recently towering over the skyline of North?

A massive wind turbine installation ship named the Windmover is currently docked at Damen Shiprepair in Amsterdam-Noord, featuring a 208-meter high crane that towers over the city skyline. The vessel ...

How the ‘Taylor Swift of tech’ built the world's largest public company with his AI chips

Nvidia has become the world's largest listed company due to its dominant role in producing chips essential for AI technologies like ChatGPT. Although it remains relatively unknown in the Netherlands, ...

Paramount makes new takeover bid for Warner Bros. but Netflix is preferred

Warner Bros. Discovery has received a new acquisition proposal from Paramount Skydance. Despite this offer, the company reportedly intends to prioritize its existing partnership with Netflix.

Rembrandtplein venues deploy mobile security against street dealer nuisance on weekdays

Jamin warns of hard plastic particles in ‘Dubai Milk’ Easter eggs

Candy store chain Jamin has recalled its 'Dubai Milk' chocolate Easter eggs after discovering they may contain fragments of hard plastic. The product has been removed from stores, and customers are ur...

Secretly removed: gaming giant Razer intervenes after outcry over popular headset

American gaming manufacturer Razer has suspended sales of its Kraken V3 headset due to reports of high concentrations of potentially harmful substances. The product page has been removed from the comp...

VNO-NCW and MKB-Nederland: Debts written off too often

Dutch business organizations VNO-NCW and MKB-Nederland have warned the House of Representatives that debt is being forgiven too frequently, claiming this trend negatively impacts entrepreneurs. The de...