Business News in English

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...

Dispute over carnival parody of ABBA song headed to court

The Dutch carnival band De Kapotte Kachels and Universal Music Publishing are heading to court over a legal dispute regarding a parody of an ABBA song. The disagreement involves the band's track 'Dikk...

A coffee with Peter van der Helm (Libertarian Party): Amsterdam now only a city for the rich

Peter van der Helm, leader of the Libertarian Party in Amsterdam, advocates for drastic cuts to the city's civil service and a significant reduction in regulations and taxes. Drawing inspiration from ...

Reddit fined millions for violating children's privacy

The British privacy regulator has fined Reddit 14.47 million pounds, or approximately 18 million euros, for violating children's privacy rules. The decision was announced on Tuesday, following a deter...

Dutch Central Bank takes extra measures against cyberattacks

De Nederlandsche Bank (DNB) is implementing additional measures to protect the Dutch financial system from hybrid threats, such as cyberattacks and logistical chain disruptions. These steps are intend...

Shell and Eneco ignored advice to protect birds at wind farm

Shell and Eneco ignored recommendations from the Dutch Minister of Climate and Green Growth to shut down offshore wind turbines for 36 hours last autumn to protect migrating birds. The energy companie...

Bitcoin heading for worst month since 2022

Bitcoin's value continued to decline on Tuesday, putting the cryptocurrency on track for its worst monthly performance since 2022. This drop reflects a significant downturn in the crypto market simila...

Bitcoin heading for biggest loss in years

Bitcoin is experiencing its worst monthly performance since June 2022, with the price dropping to approximately $63,200 on Tuesday. Market analysts attribute the significant decline to uncertainty and...

Rob Wijnberg steps down as editor-in-chief of De Correspondent

Rob Wijnberg is stepping down as editor-in-chief of the online journalism platform De Correspondent to take on a new role within the organization. Deputy editors Rosan Smits and Maaike Goslinga will a...