Business News in English
Latest business headlines from Dutch news, translated into English.
KLM seeks alternative routes after Houthi warning on Saudi airspace
KLM is investigating alternative flight paths for two flights traveling from India to Amsterdam due to safety warnings from Houthi rebels regarding Saudi Arabian airspace. The airline is adjusting its...
How the World Cup became a money machine for FIFA: no taxes, record revenue of 11.5 billion euros, and ‘everything is for Infantino’
The FIFA World Cup has achieved record commercial success, generating 11.5 billion euros in revenue while benefiting from tax-exempt status. With the tournament expanding to 48 countries and 104 match...
Dubai works on plans for new port to bypass Strait of Hormuz
Port operator DP World is planning to construct a new port in Fujairah on the east coast of the United Arab Emirates. This project aims to provide an alternative route for ships to bypass the Strait o...
Michael Jackson film to be first biopic to gross over $1 billion
The Michael Jackson biopic titled Michael has officially grossed over $1 billion worldwide. This achievement marks the first time a biographical film has reached this major financial milestone.
What the targeted Ajax striker lacks in physicality, he compensates for with his vision: this is Marcos Leonardo
Ajax is nearing a deal to sign Brazilian striker Marcos Leonardo for 17.5 million euros plus bonuses. The club hopes the forward will strengthen their attack at the Johan Cruijff Arena in Amsterdam.
ACM also investigating Odido measures to protect customer data
The Authority for Consumers and Markets (ACM) has launched an investigation into the measures taken by telecom provider Odido to protect customer personal data. The regulator is assessing whether the ...
Large group of real estate agents criticize Funda's new working method
Nineteen regional departments of the Dutch real estate association NVM have expressed dissatisfaction with Funda's new policy. The group criticized the platform's decision to increase rates for placin...
Volkswagen may cut another 50,000 jobs to reduce costs
Volkswagen CEO Oliver Blume has indicated in an internal document that the automaker may cut an additional 50,000 jobs to reduce costs and maintain competitiveness. The company is taking these measure...
EU gives final approval to revised air passenger rights
European Union member states have granted final approval to revised air passenger rights, which are set to take effect by mid-2027. This decision follows previous support from the European Parliament.
Netherlands becoming more attractive for viticulture: 'But hotter isn't always better'
Viticulture in the Netherlands is growing rapidly as rising temperatures create more favorable conditions for grape cultivation. This warming climate has led to an increase in the number of vineyards,...
Dutch exports continue to rise in May, more petroleum products exported
Dutch exports increased by 5.5 percent in May compared to the same month last year. According to Statistics Netherlands, this growth was primarily driven by a rise in the export of petroleum products.
Moana among worst-performing Disney films after disappointing start
Disney's new live-action remake of the 2016 film Moana, released in the Netherlands as Vaiana, had a disappointing opening weekend. The film grossed 95 million dollars globally, marking it as one of t...
Foundation demands hundreds of millions in mass claim against buy now pay later service Klarna
The foundation Massaschade & Consument (SMC) has initiated a mass claim against the payment service Klarna. The foundation alleges that the company is violating consumer credit regulations on a large ...
Oil price hits three-week high after further escalation in Middle East
Oil prices have reached a three-week high due to escalating tensions in the Middle East. The rise follows military exchanges between Iran and the United States concerning the blockade of the Strait of...
Claims processing for disasters like Limburg floods still too complex
Five years after the floods in Limburg, the Dutch Association of Insurers reports that disaster damage processing remains overly complex and poorly regulated. The organization expresses concern that v...
Municipality must pay thousands of euros to canal cruise company following failed permit policy
A civil court has ruled that the municipality of Amsterdam must pay compensation to the shipping company Blue Boat due to a flawed licensing policy for tour boats. The policy, which forced many compan...
Dozens of people missed Transavia flight due to long queues at Schiphol
Dozens of passengers missed their Transavia flights on Friday night due to long queues at the check-in counters at Schiphol Airport. The airline attributed the delays to ongoing capacity issues.
Tom and Rolf have been best friends for thirty years, now one of them has to go
Lifelong friends Tom and Rolf face a difficult situation after a corporate reorganization threatens their professional relationship. Rolf expresses his disillusionment with the process through Anne-Ma...
Haroon Sheikh explored how Eindhoven and Amsterdam can benefit from each other (spoiler: a lot!)
Professor Haroon Sheikh has investigated the potential for greater collaboration between the technology sectors of Amsterdam and Eindhoven. Following a challenge from former ASML CEO Peter Wennink, th...
Baby boomer inheritance widens wealth gap: 'Inheritance tax comes too late'
The wealth gap in the Netherlands is widening due to increasingly large inheritances being passed down from the baby boomer generation. While a majority of the public supports higher taxes on large in...
Then at Mercatorplein: this is where the story of the Dirk van den Broek supermarket began
The Dirk van den Broek supermarket located at Mercatorplein stands on historically significant ground where the company's story began. This location serves as the origin point for the well-known Dutch...
Apple sues OpenAI and two former employees for stealing trade secrets
Apple has filed a lawsuit against OpenAI, alleging that the company stole confidential information. Additionally, Apple claims that two former employees misappropriated trade secrets for the benefit o...
More reports of stolen packages: Thieves just walk right into the hallway
Police reports indicate a 15% increase in package theft across Amsterdam over the first four months of the year, with a notable spike in the Oost district. Authorities and legal experts clarify that s...
Entrepreneur Marjorie De Cunha sees Amsterdam Southeast changing: 'Bijlmer used to be a dirty word, now it's hot and trendy and everyone wants to live there'
‘Power will fail if we do nothing’: Liander must place 2,600 electrical substations in Amsterdam but nobody wants them in front of their door
Many Western companies have left, but new Spar stores are still opening in Moscow: ‘Difficult situation’
Despite EU sanctions against Russia, Spar supermarkets continue to operate and even open new locations within the country. The Dutch-based retail chain claims it is unable to terminate existing contra...
Shortage of ferry operators a major problem: 33 vacancies and staff departures looming
Public transport operator GVB is facing a significant shortage of ferry skippers, with 33 vacancies and an expected increase in departures due to retirement. This staffing crisis has recently caused s...
Supermarket chain Lidl hacked: customer phone numbers and email addresses stolen
Supermarket chain Lidl has confirmed that hackers gained access to customer data, including phone numbers and email addresses. The company has notified the Dutch Data Protection Authority, although th...
Housing shortage requires not just more homes but also better choices
While new housing construction in the Netherlands has reached its highest level since 2015, sales of these properties have declined by approximately 7 percent. Real estate experts argue that the natio...
New advisory board must ensure higher national labor productivity
The Dutch government has established an independent advisory board tasked with increasing national labor productivity. This initiative aims to address economic efficiency across the country.