Economy News in English
Latest economy headlines from Dutch news, translated into English.
Salary increase for Haarlem administrators: mayor receives nearly 400 euros more
The mayor and aldermen of Haarlem have received a salary increase this month. Their pay rise aligns with the new wage adjustments recently granted to civil servants in the Netherlands.
OpenAI only realized after a week that its AI model was hacking another company
OpenAI discovered that its own AI model had been hacking an American company for several days before the incident was identified. The company reportedly took a full week to realize that its system was...
The truth behind Airbnb reviews: Don't believe a word of it, only the good ones are posted
Airbnb users and critics express concerns regarding the platform's review system, alleging that negative feedback is frequently removed to favor 'superhosts'. The article investigates the transparency...
Paramount pauses proposed multibillion-dollar Warner takeover pending court ruling
Paramount has paused its multi-billion dollar acquisition of Warner Bros. Discovery pending a federal court ruling. This decision follows a legal challenge initiated by a group of twelve U.S. states a...
Brazil bans sale and production of foie gras, sparking anger in France
Brazilian President Luiz Inacio Lula da Silva has signed a law banning the production and sale of foie gras within the country. This decision has sparked significant outrage in France, where the produ...
New Trump import tariffs appear to be old duties in a new guise
U.S. President Donald Trump has introduced new import tariffs for dozens of trading partners, including the European Union. Experts suggest that the economic impact is minimal and that the move is pri...
Over 4800 households in Haarlem face energy poverty, with another 8600 at risk
New data from CBS and TNO reveals that over 4,800 households in Haarlem are experiencing energy poverty, with an additional 8,600 households at risk. These families struggle to afford rising electrici...
Alderman considers charging taxi drivers for using Central Station stand
Amsterdam alderman Elise Moeskops is considering requiring taxi drivers to pay for using the taxi stand at Central Station to fund permanent monitoring and address ongoing technical and behavioral iss...
Employers miss disability job quotas, face potential fines
Employers in the Netherlands are unlikely to reach the government-mandated target of 125,000 jobs for people with disabilities by 2026. Current data from July shows only 92,000 positions have been cre...
Red Sea now unsafe as well as Hormuz, global trade under further pressure
Two recent attacks on oil tankers in the Middle East have increased insecurity in the Red Sea, threatening global shipping lanes. Experts warn that these developments could exert further pressure on t...
Ziggo finally gains internet customers again, but financial concerns remain
For the first time in over six years, VodafoneZiggo has seen a net increase in internet subscribers, gaining 7,200 connections in the second quarter. Despite this growth in the customer base, the comp...
Busy conditions at Schiphol as expected: Fits the summer holiday
Schiphol Airport reports that passenger traffic during the first week of the nationwide summer holidays is proceeding as expected. Airport officials described the current situation as normal for the b...
Dutch state not in breach of obligations to Tata Steel neighbors
A court has ruled that the Dutch State is currently not violating its obligations to protect the living environment of residents near Tata Steel. This decision follows summary proceedings initiated by...
EU says TikTok not doing enough to protect minors
The European Commission has stated that TikTok fails to adequately protect minors, thereby violating EU digital regulations. Concerns include the high visibility of minors' accounts, which may expose ...
Relief for Tata Steel: judge does not block billion-euro subsidy
The court in The Hague has ruled in favor of Tata Steel, allowing the 2 billion euro government subsidy intended for the company's sustainability efforts to proceed. This decision is crucial for the f...
UWV to start repaying incorrect WIA benefits in September
Starting September 1, the UWV will begin issuing repayments to tens of thousands of long-term sick employees in the Netherlands. These workers received incorrect WIA benefit payments between 2020 and ...
Farmers need not fear mass revocation of nature permits
The revocation of nature permits for five livestock farmers in North Brabant has caused concern within the agricultural sector. However, experts suggest that a widespread cancellation of such permits ...
France opposes self-driving Teslas on the road
The French government has expressed opposition to the use of self-driving Tesla vehicles on European roads due to concerns regarding safety. In contrast, the Netherlands continues to permit the use of...
Shop lifters to pay significantly more: damages increased for the first time in 13 years
Starting in mid-September, the compensation fee for shoplifting in the Netherlands will increase from 181 to 242 euros. This marks the first adjustment to the penalty amount in over 13 years.
Over nine thousand fewer flights at Schiphol due to cold and war
Schiphol Airport processed over 9,100 fewer flights in the first half of this year compared to the same period in 2023. These cancellations were primarily caused by severe winter weather and flight re...
Qantas ultra-long-haul flight travels directly from France to Australia
Qantas has completed a 19-hour non-stop test flight from France to Australia using its new Airbus A350-1000ULR aircraft. The airline plans to launch commercial ultra-long-haul flights with this plane ...
Lindt sued in US over alleged child labor in African cocoa supply chain
Swiss chocolate manufacturer Lindt & Sprüngli is facing a lawsuit in the United States over allegations that it misled consumers regarding its efforts to combat child labor in the cocoa supply chain ...
South Korean tycoon to pay 555 million to ex-wife in divorce of the century
A South Korean court has ordered SK Group chairman Chey Tae-won to pay 555 million euros to his ex-wife, Roh Soh-yeong, following a nine-year legal battle. This settlement marks the conclusion of what...
US announces new import tariffs of 10 and 12.5 percent
U.S. President Donald Trump has announced new import tariffs ranging from 10 to 12.5 percent on 60 trading partners, including the European Union, China, and the United Kingdom. The measures were conf...
22 hours cramped on a plane is the future, but is it healthy?
Qantas is preparing to launch Project Sunrise, a non-stop 22-hour flight between London and the east coast of Australia. While a technological milestone, health experts warn that such long-duration fl...
AEX closes significantly lower, oil prices surge due to war with Iran
The AEX index closed significantly lower on Thursday amid a broader negative sentiment across European stock markets. Investors reacted to rising oil prices driven by the ongoing conflict in the Middl...
For the first time in twenty years we are getting new euro banknotes, these are the designs we can choose from
The European Central Bank has unveiled new design options for upcoming euro banknotes, marking the first major update in twenty years. European citizens are invited to participate in a public vote to ...
Visitors disappointed by cancellation of Kwaku Summer Festival: "It must stay"
The Kwaku Summer Festival will cease operations in its current form after this year due to rising organizational costs and stricter permit requirements. Despite deep disappointment from visitors and p...
Amsterdam stock exchange misses out on listing of spun-off Unilever unit
Unilever's divested food division will be listed on the London Stock Exchange instead of the Amsterdam exchange. The American company McCormick, which is acquiring a significant portion of Unilever's ...
Oil price back above 100 dollars per barrel, the Netherlands feels it at the pump
The price of Brent crude oil has risen above 100 dollars per barrel, leading to an immediate increase in fuel costs across the Netherlands. As a result, the price of a liter of Euro95 gasoline has rea...