Business News in English
Latest business headlines from Dutch news, translated into English.
New setback for Zuidasdok: further delays and major concerns over funding
The Zuidasdok infrastructure project in Amsterdam faces significant delays and a funding shortfall of over one billion euros, leaving the completion of critical tunnels uncertain. Local officials are ...
Food banks relieved as Albert Heijn resumes operations: steady flow of donations restarts
Albert Heijn has restored its distribution operations, allowing the resumption of vital food donations to Voedselbanken Nederland after a brief disruption. The partnership is critical for the organiza...
Millions of households feel the impact of rising energy prices in their wallets
Rising wholesale gas prices driven by international instability are forcing millions of households in the Netherlands to face higher energy costs upon contract renewal. The Authority for Consumers and...
Port of Rotterdam transported more coal, crude oil and mineral oil products
The Port of Rotterdam reported increased throughput of coal, crude oil, and mineral oil products, driven by higher demand for energy production and a recovery in the German steel sector. Despite decli...
No funding for Zuidasdok megaproject in new cabinet plans
The Dutch government has frozen funding for the northern part of the Zuidasdok project to prioritize the maintenance of existing national infrastructure. This decision delays one of the country's larg...
Apax becomes sole owner of Odido in multi-billion deal
Private equity firm Apax Partners is acquiring full ownership of the Dutch telecommunications company Odido in a deal reportedly valued at 6.5 billion euros. The transaction is pending regulatory appr...
Alderman investigates potential money laundering at youth foundation: "Unacceptable"
Amsterdam Alderman Esmah Lahlah is investigating the youth foundation Be Ok following reports of a major money laundering scheme involving millions of euros intended for youth work. Seven individuals ...
Tesla's latest model 'flies', but it's unclear if it's street-legal
Tesla has unveiled a new Roadster that utilizes SpaceX rocket thrusters to perform short flights and achieve extreme acceleration. While the company plans to begin production in 2028, it remains uncer...
Evelien de Bruijn to leave NPO Radio 2 due to budget cuts
Evelien de Bruijn will leave her position at NPO Radio 2 at the end of December due to budget cuts. Her Sunday time slot will be filled by Jorien Renkema as part of a wider reorganization of the stati...
Haarlemmerdijk business owners on torn-up shopping street: 'This could be the final straw for a whole group'
The Haarlemmerdijk in Amsterdam will undergo eighteen months of partial closures starting in late October to replace gas and water pipes. Local entrepreneurs fear the reduced foot traffic will signifi...
Gasoline prices drop another 5 cents after a week of skyrocketing pump prices
Gasoline prices in the Netherlands have fallen by 5 cents, causing the cost of fuel to drop below the current price of diesel. This decline follows a volatile week of high energy costs driven by ongoi...
Chance the Rapper wins years-long lawsuit against his former manager
Chance the Rapper has won a multi-year legal case against his former manager, Pat Corcoran, who was found to have breached professional duties by collecting secret profits. The rapper may be awarded u...
France admits British cars can be labeled as Made in Europe
France and Germany have agreed to a compromise for the Industrial Accelerator Act, allowing British cars to qualify as European under specific trade conditions. This exemption requires the UK to adopt...
Police and Public Prosecution Service will not launch investigation into Albert Heijn cyber incident
Dutch authorities will not launch a criminal investigation into the Albert Heijn cybersecurity incident because no sensitive customer data was stolen. Despite the lack of an official investigation, th...
Supermarkets benefit from AH incident but wish competitor well
Albert Heijn is experiencing major technical disruptions that have halted online deliveries and caused supply issues nationwide, prompting customers to flock to rival supermarkets. While competitors r...
Westeinder campsite residents back in court: 'compensation too low'
Residents of Camping De Westeinder have returned to court in Haarlem to challenge the inadequate compensation offered by developer Kleen Estate for their forced relocation. Many residents rely on the ...
Opinion: Hack reveals how dependent Amsterdam City Centre is on Albert Heijn
Recent discussions among Amsterdam residents highlight the city's heavy reliance on a single supermarket chain for food supplies and the growing social tensions surrounding local community initiatives...
Accell curators sell bicycle brand Sparta to e-bike company
The curators of the bankrupt Accell Group have sold the bicycle brand Sparta to the e-bike company Tenways. This transaction is part of a broader strategy to sell off Accell's remaining assets and bra...
Albert Heijn will not be delivering groceries for the rest of the week
Albert Heijn has suspended its grocery delivery services for the rest of the week due to ongoing technical issues from a recent cybersecurity incident. However, the supermarket chain confirmed that it...
Extremely intelligent and mentor to women: this CEO resolves the crisis at Albert Heijn
Margaret Versteden-Van Duijn is being recognized for her high intelligence and analytical skills as she manages a potential cyber crisis at Albert Heijn. Former colleagues highlight her leadership sty...
Battle between Indian restaurant and municipality over odor nuisance now before the court
An Indian restaurant in Amsterdam's Jordaan neighborhood is challenging a municipal closure order resulting from years of odor complaints from local residents. The owners seek to reopen the business t...
Global stock markets fall on AI concerns
Global stock markets have experienced significant declines driven by growing investor anxiety over debt levels and potential demand slowdowns in the artificial intelligence sector. Major indices, incl...
Petrol and diesel slightly cheaper, but prices remain high
Gasoline and diesel prices have risen significantly since February due to the ongoing Iran-US conflict and the blockade of the Strait of Hormuz. Analysts expect these high costs to persist for several...
Kandinsky painting looted by Nazis from Amsterdam auctioned for 32 million euros
A 1907 painting by Wassily Kandinsky, which was stolen by Nazis from a Jewish family in Amsterdam during World War II, has been sold at auction for 32 million euros. The artwork was returned to the de...
Small business owners struggle: half do not pass on higher costs
Over half of small business owners in the Netherlands are absorbing rising costs instead of passing them to customers, leading to stalled investments and delayed business plans. Growing uncertainty re...
Harry Styles concerts in Arena caused inflation in the Netherlands to rise
Economists from De Nederlandsche Bank have linked a series of ten concerts by Harry Styles in Amsterdam to a rise in Dutch inflation during May. The high demand from international fans led to a signif...
Air France-KLM misses out: Lufthansa in talks for full takeover of TAP Air Portugal
Lufthansa is negotiating a full takeover of TAP Air Portugal after initially securing a 49.9 percent stake for 1.2 billion euros. This deal edged out Air France-KLM, which also aimed to acquire the ai...
Albert Heijn resumes deliveries of shelf-stable and fresh products to all stores
Albert Heijn has resumed deliveries of fresh and non-perishable goods to stores across the Netherlands following a recent supply chain disruption. While physical store inventory is improving, online o...
Banks must reimburse phishing victims within one working day, even if the customer made a serious mistake
The European Court of Justice has ruled that banks must immediately reimburse victims of phishing attacks by the end of the next working day, even if the bank suspects the client of gross negligence. ...
Apple becomes second company ever to be worth more than $5 trillion
Apple has become the second company in history to close a trading day with a market value exceeding 5 trillion dollars. This milestone arrives during a leadership transition as John Ternus prepares to...