Business News in English
Latest business headlines from Dutch news, translated into English.
Coca-Cola revenue grows thanks to higher soft drink sales
Coca-Cola reported increased revenue in the last quarter, driven by higher soft drink sales during the World Cup and the implementation of price hikes. As a major sponsor of the tournament, the compan...
More expensive sportswear and jackets: EU imposes import tariffs on Chinese nylon
The European Union has introduced import duties ranging from 60 to 67.5 percent on Chinese nylon. This measure aims to counter the dumping of low-priced nylon on the European market, which is expected...
Europe must continue to do without liquid gas from Qatar for even longer
QatarEnergy has announced that it will continue to limit liquefied natural gas (LNG) deliveries to Europe due to ongoing conflicts in the Middle East. The company is invoking force majeure, citing its...
Weesp station to be renovated due to growing number of passengers
ProRail is set to renovate station Weesp starting in August to accommodate an expected increase in daily passenger numbers from 20,000 to 30,000. The project includes reconfiguring platforms and repla...
NS to run extra trains between Amsterdam Centraal and Zandvoort during Formula 1
The Dutch national railway, NS, is operating extra trains between Amsterdam Centraal and Zandvoort from August 21 to 23 to accommodate an expected 50,000 Formula 1 fans. Additionally, the national tra...
J&J settles for 5.5 billion dollars over claims baby powder causes cancer
Pharmaceutical company Johnson & Johnson has reached a $5.5 billion settlement to resolve numerous lawsuits alleging that its baby powder and other products cause ovarian cancer. This agreement aims t...
Fuel slightly cheaper again due to falling oil prices
Fuel prices at Dutch gas stations decreased on Tuesday following a significant drop in oil prices. This market shift occurred after the United States and Iran ceased mutual attacks, leading to lower c...
Justin Baldoni's company ordered to pay The New York Times $171,000
Wayfarer Studios, the production company owned by Justin Baldoni, has been ordered to pay The New York Times approximately $171,000 in legal fees. This judgment follows the dismissal of a defamation l...
Philips to receive 186 million euros back in US import duties
Philips has received a 186 million euro refund following the overturning of import tariffs previously imposed by former U.S. President Donald Trump. The Dutch health technology company is among the fi...
Brazil challenges US import tariffs: 'Unjustified'
Brazil has filed a complaint with the World Trade Organization (WTO) regarding import tariffs imposed by U.S. President Donald Trump. The Brazilian government claims that these tariffs are unjustified...
ING expects record number of home sales this year, buyers have higher incomes
ING predicts a record-breaking 245,000 residential property sales in the Netherlands this year. This growth is driven by an increase in housing supply and rising household incomes.
Seats in hundreds of Boeing 737 MAX jets may be incorrectly installed
The U.S. Federal Aviation Administration has ordered inspections for 453 Boeing 737 MAX aircraft due to concerns that seats may have been incorrectly installed. The directive affects planes registered...
1 in 20 households owns a caravan: Dutch people remain loyal to the camper lifestyle
The demand for caravans in the Netherlands has grown by 10 percent in the first half of the year, defying a previous trend toward campers. The Netherlands remains one of the few European countries whe...
China begins production of advanced chip machines
China has started production of its own advanced chip manufacturing equipment. This development challenges the long-standing market dominance of the Dutch company ASML in the chip production sector.
Budget fashion chain Primark lowers prices to stay ahead of competition
Budget clothing retailer Primark is permanently lowering prices on hundreds of popular items to maintain its competitive edge. This move is intended to challenge rising competitors like SHEIN and Temu...
Prince Bernhard sells all his real estate and other business interests
Prince Bernhard of Orange is selling all of his real estate holdings and business interests, including hundreds of properties in Amsterdam, to his business partners. The Prince stated that he intends ...
Prince Bernhard sells all business interests, including real estate and Zandvoort circuit
SHEIN suffers under US import rules and threatens with more expensive products
The online fashion retailer SHEIN has warned that its clothing prices in the United States may increase due to disappointing financial results and stricter import regulations. These regulatory changes...
Liander expands power grid but cannot yet keep up with growing waiting list
Grid operator Liander provided 1,389 businesses with new or upgraded electricity connections during the first half of this year. Despite these efforts, the organization currently faces a growing backl...
There is something fundamentally wrong with how subsidies are distributed, says the director of the Noorderpark Foundation
Oil and gas prices drop sharply due to ceasefire in Iran conflict, effect at the pump expected in a few days
Oil and gas prices fell significantly on Monday following the suspension of United States military attacks on Iran. Traders are optimistic that this pause will ease tensions in the Middle East and res...
Gasoline price half a cent below record but may drop due to lower oil price
Gasoline prices in the Netherlands are currently just half a cent below record levels. However, falling oil prices and a weaker dollar suggest that prices at the pump may soon decrease.
Supermarket owner Marco is fed up with thieves: It really brings tears to your eyes
The fine for shoplifters in the Netherlands will increase from 181 to 242 euros starting in September. Despite this policy change, supermarket owner Marco Vos expresses skepticism, stating that the hi...
Still more manual cars despite rapid rise of automatics
Nearly half of all cars in the Netherlands are now automatic, a doubling of the figure from ten years ago. This trend is primarily driven by the rising popularity of electric and hybrid vehicles, whic...
More and more buildings at risk of subsidence due to foundation problems
Nearly half a million buildings in the Netherlands are at risk of foundation-related subsidence damage by 2035. Without intervention, the total cost of damages is projected to reach 54 billion euros, ...
Addiction help via your employer: ‘That 5,000 euros is nothing compared to the costs of long-term absenteeism’
Large organizations in the Netherlands are increasingly helping employees with addictions by connecting them to specialized mental healthcare services. This initiative aims to reduce long-term absente...
Many bridges in North Holland need maintenance, 'most are outdated'
Rijkswaterstaat reports that many bridges in the province of Noord-Holland are aging and will require maintenance or replacement in the coming years. While officials confirm the structures are current...
Never flown a meter yet headed for the shredder: Boeing chooses to scrap new 777X
Boeing has decided to scrap a brand-new 777X aircraft that never performed a single flight. This decision comes as the 777X project continues to face significant delays and challenges for the American...
Kjell Scherpen joins Ipswich Town for four years and over ten million euros
Goalkeeper Kjell Scherpen is set to join Premier League club Ipswich Town from Belgian team Union St. Gillis for a fee of at least 10 million euros. The 26-year-old will undergo a medical examination ...
HR prioritizes Charlotte's (55) office colleagues for summer bonus: 'They went that extra mile'
Charlotte, a 55-year-old employee, discovered that her summer bonus was significantly lower than that of her office-based colleagues. HR explained the discrepancy by citing the additional effort and p...