Business News in English
Latest business headlines from Dutch news, translated into English.
Zelensky to EU: Oil through Druzhba pipeline to resume in 1.5 months
Ukrainian President Volodymyr Zelensky informed the European Commission that oil flow through the damaged Druzhba pipeline is expected to resume within one and a half months. He stated in a letter tha...
Seats and Sofas must compensate customers for poor warranty fulfillment
Furniture retailer Seats and Sofas will compensate approximately 1,500 customers for damages resulting from the company's failure to properly follow warranty regulations. The store is expected to pay ...
Seats and Sofas compensates customers who wrongly paid for warranty
Furniture retailer Seats and Sofas is compensating nearly 1,500 customers who were wrongfully charged for furniture inspections. The company will refund over 100,000 euros to individuals who were enti...
Netherlands to launch defense credit institution with Finland and UK
The Netherlands, the United Kingdom, and Finland are planning to establish a new credit institution dedicated to defense projects. This initiative aims to support the defense industry and accelerate r...
ABN AMRO also restricts interest-only mortgage options
ABN AMRO has announced it will limit interest-only mortgages to a maximum of 30 percent of a property's value starting June 1. The bank joins Rabobank and ASN Bank, which have recently introduced simi...
AI giant Anthropic backed by Big Tech in clash with Trump: ‘Don’t spy on citizens with technology’
Anthropic is engaged in a legal dispute with the U.S. government, refusing to allow its AI technology to be used for citizen surveillance. Major tech firms like Apple and Amazon are supporting the fir...
Clara Wichmann appeals against breast implant manufacturer
The women's rights organization Bureau Clara Wichmann is appealing a court decision that cleared American manufacturer Allergan of liability for illnesses caused by its breast implants. This follows a...
Couple finds dead mouse in bag of Jumbo green beans: 'Incredibly nauseous'
A Rotterdam couple discovered a dead mouse inside a bag of frozen green beans purchased from a Jumbo supermarket. The supermarket chain confirmed the incident after it was initially reported by Dutch ...
Toy manufacturer recalls magnetic building set over safety risks
Toy manufacturer Selecta Spel en Hobby has issued a recall for a magnetic building set sold at Kruidvat and Trekpleister stores. The recall was prompted by safety risks involving magnets that can come...
Petrol prices continue to rise: already above 2.50 euros per liter
The average suggested retail price for gasoline in the Netherlands rose to over 2.50 euros per liter on Tuesday morning. This increase nearly matches the record fuel prices previously seen in 2022.
Kruidvat CEO Ed van de Weerd (56) jumps into harbor to save woman from drowning: ‘She was struggling to stay afloat’
Kruidvat CEO Ed van de Weerd rescued a woman from drowning in a Hong Kong harbor after jumping into the water to save her. The city recently honored the 56-year-old for his heroic actions nearly four ...
Heineken thwarted Greek microbrewery for years; now only the amount of the damages claim remains – 43 or 195 million
Why Europe calls for less China while welcoming Joybuy
The Chinese webshop Joybuy has officially launched in the Netherlands, highlighting a contradiction as European politicians advocate for reduced economic dependence on China. The article examines why ...
Trump again calls on countries to help in the Strait of Hormuz
U.S. President Donald Trump has once again called on allies to help protect the Strait of Hormuz after Iran-related disruptions led to attacks on cargo ships. The strait is a critical shipping route, ...
BBC seeks dismissal of Trump libel case
The BBC is seeking to dismiss a $10 billion defamation lawsuit filed by former U.S. President Donald Trump. The legal action, initiated late last year, centers on the editing of one of Trump's speeche...
Savings rate surges to 2.50 percent
The highest interest rate for flexible savings accounts in the Netherlands rose from 2.05 to 2.50 percent on Monday. This significant increase follows several months of stagnation, according to financ...
Vanished: Droste Football Club, where fire spoiled the chocolate
This article profiles the history of Voetbal Vereniging Droste, a defunct corporate football club associated with the famous chocolate manufacturer. It is the 25th entry in a series focusing on sports...
Hackers no longer always human, AI assistants can also do the work: ‘Concerning’
Recent research demonstrates that AI agents are making hacking significantly easier by automating complex tasks that previously required an entire department of experts. In a notable example, a resear...
Meta Platforms signs $27 billion deal with Amsterdam AI cloud company
Amsterdam-based cloud company Nebius has secured a $27 billion deal with Meta Platforms to provide AI computing power. The agreement involves Nebius supplying infrastructure resources to support the a...
Extra allowance, lower excise duties: Cabinet presents options to cushion economic impact of Iran war
The Dutch cabinet is exploring various measures, including energy surcharges and reduced excise duties, to shield domestic businesses and households from the economic fallout of the war in Iran. Offic...
UK working with partners on plan to break Iranian blockade
United Kingdom Prime Minister Keir Starmer announced that the UK is working with allies on a joint plan to end the blockade of the Strait of Hormuz for oil and gas tankers. The initiative follows call...
Person falls from height in Vijfhuizen
A person fell from a height at the Expo in Vijfhuizen on Monday morning around 11:15 AM. Emergency services were not detailed, but the incident occurred at the event venue during the morning hours.
Free meatballs in the Ikea showroom: coming soon to Haarlem
Ikea is offering customers the opportunity to enjoy its famous meatballs for free directly within the store's showroom in Haarlem. This special event allows visitors to dine among other shoppers for a...
Yosephina works at Janskliniek via Kennemerhart, but can also work at Sint Jacob and Zorgbalans through Flexcoop when it suits her: ‘This gives me freedom and security’
Elderly care organizations Zorgbalans, Sint Jacob, and Kennemerhart have launched a collaborative staffing pool called Flexcoop to share flexible personnel. This initiative provides healthcare workers...
Mortgage rates rising as Iran war continues
Mortgage interest rates in the Netherlands rose last week, with providers such as ABN AMRO and Florius set to increase rates further. This trend is driven by the ongoing conflict involving Iran, accor...
Explosion at Amsterdam's Zuidas claimed by same group as Jewish school attack
An explosion occurred at the Atrium office complex on the Zuidas in Amsterdam, reportedly targeting the Bank of New York. The attack was claimed by Harakat Ashab al-Yamin al-Islamiyyah, the same group...
Explosion at Atrium building in Zuidas, police investigating tweet with video footage of the incident
UAE port suspends oil loading after new drone attack
The port of Fujairah in the United Arab Emirates has suspended oil loading operations following a drone attack that caused a fire at its oil complex. While no injuries were reported, the measure was t...
Italy's UniCredit bids for Commerzbank against German opposition
Italian bank UniCredit has officially submitted a 35 billion euro takeover bid for Germany's Commerzbank. The proposal faces opposition from German authorities, making the success of the potential mer...
Rabobank: More years of stagnation? That will put many farmers in trouble
Rabobank has called on the new Dutch cabinet to quickly establish clear environmental goals for farmers to reach by 2030. The bank warns that prolonged political uncertainty is preventing farmers from...