Business News in English

Loss-making SpaceX unveils plans for what could be the largest IPO ever

Elon Musk has announced plans to take SpaceX public next month in what could be one of the largest initial public offerings in history. Despite being loss-making, the aerospace company's move to the s...

More and more homeowners struggling: 'Middle-income earners also feel the strain'

A report from the National Mortgage Guarantee (NHG) reveals that the financial situation for Dutch homeowners is deteriorating, with 8.8% now unable to cover all their costs. Middle-income earners and...

Aldi and Albert Heijn recall nuts over risk of injury

Supermarket chains ALDI and Albert Heijn are recalling unsalted cashew nuts due to the potential presence of metal particles. These fragments pose a risk of physical injury to consumers, and the retai...

AI chip giant NVIDIA revenue hits new record of 81.6 billion

NVIDIA reported a record quarterly revenue of $81.6 billion, marking an 85% increase from the previous year. This significant growth is attributed to the surging demand for the company's artificial in...

Business owners on major fire in Diemen commercial building: ‘Everything is lost’

Car becomes mobile home battery and can lower energy bills

Renault is introducing the electric Renault 4 and 5 models, which feature technology that allows the vehicles to serve as mobile home batteries. This initiative is designed to help manage power grid c...

First 32 kilometers of Dutch hydrogen network completed for industry

The first 32-kilometer section of the Dutch national hydrogen network was completed on Wednesday, connecting the Maasvlakte to Pernis. This pipeline serves as a critical infrastructure link designed t...

Neighborhood action against queues in Nine Streets: ‘We’re stuck with the nuisance, business owners are raking it in’

Amsterdam oliebollen and Christmas tree vendors lose automatic priority for their old spots

Xi and Putin united in criticism of Trump, but gas pipeline deal remains elusive

During a joint statement in Beijing, Presidents Xi Jinping and Vladimir Putin condemned the defense policies of US President Donald Trump as reckless. Despite their diplomatic alignment, China and Rus...

Oliebollen permit system overhauled; more certainty for business owners

The City of Amsterdam is overhauling its permit system for seasonal vendors to provide more long-term certainty while complying with European regulations. Oliebollen vendors will now receive 10-year p...

New rules for selling oliebollen and Christmas trees on the street

New regulations have been introduced for street vendors selling seasonal items such as oliebollen and Christmas trees. Oliebollen sellers will now be granted 10-year permits, while Christmas tree sell...

Raid at Beverwijk gym RGYM after anonymous tip yields nothing: ‘I think someone is jealous of our success’

Police raided the RGYM gym in Beverwijk and the owner's residence on Wednesday morning following an anonymous tip regarding a firearm. No weapons were discovered during the searches, leading owner Gia...

Union announces nationwide public transport strike if government fails to meet demands

The FNV union has announced a nationwide public transport strike scheduled for the early morning of June 24. This action serves as a protest against government cuts to social security and will proceed...

Revolutionary Guard reports passage of 26 ships near Hormuz

The Iranian Revolutionary Guard reported that 26 cargo ships passed through the Strait of Hormuz in a coordinated manner over a 24-hour period. The IRG asserts control over the strategic waterway and ...

Zeeman attracts more customers buying more expensive items

Zeeman reported increased revenue in 2025 despite a decrease in the total volume of items sold compared to the previous year. The budget retailer is successfully attracting customers with higher spend...

Cocktail bar MOODZ in Dorpsstraat Castricum turns into a dance floor in the evening: 'I love entertaining the crowd.'

Cocktailbar MOODZ in Castricum has introduced a new look and team, transforming into a dance floor in the evenings. Owner Vincent Weber aims to blend music and cocktails to create a lively atmosphere ...

Amsterdam transport company shut down after repeated violations

Disneyland sued by visitor for using facial recognition

A visitor is suing Disneyland in the United States for allegedly using facial recognition technology without clearly informing guests. The lawsuit claims the park collected sensitive data during a fam...

Delivery of new Damen frigates delayed by years

The delivery of the first Anti Submarine Warfare (ASW) frigate by shipbuilder Damen has been delayed by several years due to stability issues in the initial design. These specialized vessels are being...

Banks fully commit to European cryptocurrency: Rabobank and ABN Amro also join

Rabobank and ABN Amro have joined a group of European banks to launch a euro-denominated stablecoin. This initiative aims to provide a European alternative to the stablecoin market currently dominated...

Is there a limit to Action's growth? 'Many people just get happy from a garden gnome'

Dutch discount retailer Action is experiencing rapid international success and is currently planning an expansion into the United States. The company maintains that pausing its growth is not an option...

Haarlem designer Hans van Paridon sues The Hague shoe store over Panara brand name

Haarlem-based designer Hans van Paridon has taken a shoe store in The Hague to court over the unauthorized use of his brand name, Panara. Van Paridon, who designed shoe collections under the name for ...

'The last taboo' lifted by new pay transparency law. Pay gap also tackled. 'Which employer says no to that?'

A new pay transparency law will take effect next year, allowing employees to request information about their colleagues' salaries. The legislation aims to break the social taboo surrounding financial ...

UK eases sanctions on certain Russian products

The United Kingdom has eased sanctions on specific Russian energy products, allowing the import of diesel and kerosene refined abroad from Russian crude oil. This policy shift permits these refined fu...

Large fire at business premises in Diemen causes heavy smoke

A large fire broke out at a business building on Weesperstraat in Diemen on Friday morning, causing significant smoke development but no reported injuries. Emergency units from multiple surrounding mu...

Construction of extra cinema screens at De Schuur starts in June; new management: ‘We are looking for provocative productions’

Construction of two additional cinema halls at the cultural center de Schuur in Haarlem is scheduled to begin this June. New directors Marelie van Rongen and Mick Stevens intend to lead the venue with...

Defense takes risks with procurement without a tender

The Netherlands Court of Audit warned that the Ministry of Defense is taking significant risks by bypassing public tender procedures and awarding procurement contracts directly. President Pieter Duise...

FNV announces nationwide public transport strikes

The Dutch trade union FNV has announced a nationwide work stoppage in public transport across the Netherlands. The specific date for the strike is expected to be revealed later this Wednesday.

From tree camp to permanent home: 750 anniversary trees take root in the city

Amsterdam has planted 750 trees gifted by local entrepreneurs to celebrate the city's 750th anniversary. These jubilee trees have been moved from temporary storage to permanent locations across the ci...