Economy News in English
Latest economy headlines from Dutch news, translated into English.
Fewer cars but more mopeds stolen in the past six months
During the first half of 2026, the number of car thefts in the Netherlands decreased compared to the same period last year, resulting in lower insurance claims. However, there was a recorded increase ...
ABN AMRO fined 8.5 million euros for inadequate anti-money laundering controls
The Dutch central bank has fined ABN AMRO 8.5 million euros due to significant shortcomings in its anti-money laundering controls. The regulator specifically cited failures in monitoring clients categ...
Multimillion-euro fine for ABN Amro over flawed anti-money laundering controls
The Dutch Central Bank (DNB) has imposed an 8.5 million euro fine on ABN Amro for structural shortcomings in its anti-money laundering controls regarding high-risk clients. The bank failed to properly...
World's largest meat processor significantly lowers climate targets
JBS, the world's largest meat processor, has abandoned its goal of reaching net-zero carbon emissions by 2040, citing the target's complexity. Instead, the company has announced a new commitment to re...
Plus-size people face faster job rejection or worse: ‘Slimmer women get higher salaries’
Research by the knowledge institute Movisie indicates that employees with a larger body size frequently face discrimination, bullying, or wage disparities in the workplace. Researchers express concern...
Voice of fake employee points to Dutch involvement in Odido hack
Dutch police have identified strong evidence of local criminal involvement in a significant data breach at the telecommunications provider Odido. The security incident, which exposed the personal info...
Amsterdam tech firm Mews cuts 15 percent of jobs due to AI
Empty shelves at Jumbo supermarkets due to distribution center issues
Jumbo supermarket chain is experiencing supply chain issues originating from its distribution center in Veghel. Consequently, customers in the southern part of the Netherlands are facing product short...
Gas and oil prices back to pre-peace talk levels
Gas and oil prices have returned to the levels seen prior to recent peace talks between the United States and Iran following a collapse in diplomatic negotiations. Consequently, stock markets in New Y...
Nearly 1000 more data breach reports in 2025: ‘Scammer emails look very real’
Data breach reports in the Netherlands increased by nearly 1,000 in 2025 as cybercriminals increasingly target corporate accounts to gain access. Experts warn that these sophisticated attacks, often i...
New national tax office support center in Stadsloket Zuidoost
The Dutch Tax and Customs Administration has opened a new support center at the Stadsloket Zuidoost in Amsterdam. This facility provides assistance with national tax inquiries, benefits, and payment i...
East bridge must be wide enough for scooter riders and emergency services
The proposed Oostbrug in Amsterdam is intended to accommodate a wide variety of users, including cyclists, scooter riders, and emergency services, while ensuring safety and accessibility. Despite risi...
Dutch crews dredge in Persian Gulf: 'No one is there against their will'
Dutch sailors continue to operate dredging vessels in the Persian Gulf despite rising tensions in the region. The workers remain on-site voluntarily to perform their professional duties.
European Parliament approves trade deal with Mexico: some import tariffs removed
The European Parliament has approved a trade agreement with Mexico aimed at reducing import tariffs. This deal follows the European Union's importation of 34 billion euros worth of goods from Mexico i...
How Bol.com is copying Amazon's strategy and becoming a bank as well as a webshop
Bol.com is expanding its business model by developing its own payment system, mirroring the strategy used by Amazon. By moving beyond retail, the Dutch e-commerce giant aims to increase its revenue st...
KHN hospitality association appoints another Amsterdam entrepreneur as chair
Tata Steel in court, but what punishment do you give a company?
Inheritance tax must increase, professor argues: ‘It is the fairest tax we have’
Professor Bernard Schols argues that inheritance tax should be increased, describing it as the most equitable form of taxation. Public opinion in the Netherlands is shifting in favor of higher taxes o...
Unions to continue major strikes after summer: public transport to shut down again
Trade unions in the Netherlands are preparing for widespread strikes and large-scale industrial action following the summer break. The planned stoppages will affect multiple sectors, including public ...
Trump wants no more trade with Spain: 'Terrible partner'
U.S. President Donald Trump has ordered Treasury Secretary Scott Bessent to cease all trade with Spain, labeling the country a terrible partner. The Spanish government has responded to the announcemen...
Children aged 11 and under to travel for free on public transport across the Netherlands from 2027
Starting in 2027, children aged four to eleven will be able to travel for free on public transport throughout the Netherlands. This policy requires children to be accompanied by a paying passenger, su...
These are the most expensive and cheapest holiday countries in Europe
This article compares the costs of dining out across various European countries, noting that the Netherlands is among the most expensive destinations alongside Switzerland and Denmark. It provides an ...
Tata Steel prosecuted for intentional pollution following mass report by local residents
The Dutch Public Prosecution Service is prosecuting Tata Steel for intentional environmental pollution and violations of its duty of care. This legal action follows a mass complaint filed by local res...
China hopes for fair and equitable trade relationship with the Netherlands
Chinese Commerce Minister Wang Wentao met with Dutch Minister Sjoerd Sjoerdsma in Beijing to discuss trade relations. China expressed the hope that the Netherlands will establish a fair, equitable, an...
Consumer spending up nearly 2 percent in May, goods in demand
Dutch household consumption rose by 1.8 percent in May compared to the previous year, driven primarily by an increase in spending on goods. This growth follows a 1 percent increase in consumption reco...
Oil prices rise further after new US attacks on Iran
Oil prices have increased following new United States airstrikes against Iran. Additionally, the U.S. has revoked a license that previously allowed Iran to temporarily export oil.
More large deposit machines installed, users are positive
The number of large bulk deposit machines capable of processing dozens of bottles simultaneously is increasing rapidly in the Netherlands. Eighty new machines were installed in the first half of this ...
Cabinet may force companies to produce for defense if necessary
The Dutch government is introducing a new law that allows them to compel specific companies to produce essential goods for the military during emergency situations. Under this legislation, the cabinet...
US reimposes sanctions on Iranian oil following attacks on oil tankers
On Tuesday, the US Treasury Department revoked a license that had temporarily allowed Iran to export oil. This decision follows reported attacks on several oil tankers in the Strait of Hormuz.
Plenty of Turkish weapons in Europe, but true cooperation with EU remains far off
The European defense industry needs strengthening, and Turkey has offered its support to Brussels in this effort. However, the European Union has not yet fully utilized this opportunity, potentially h...