Economy News in English

Oil trader on soaring fuel prices: ‘People are starting to hoard like they did with toilet paper’

Oil trader Jan de Croon explains that fuel prices spike immediately during geopolitical unrest, unlike more stable commodities like coffee or sugar. He compares the current trend of drivers rushing to...

Asian markets rise, oil prices fall on hopes for end to war

Asian stock markets rose on Wednesday as investors hoped for a de-escalation of the conflict in the Middle East. This optimism led to a decrease in oil prices, which had previously spiked due to regio...

Dutch gas reserves drop to 5.8 percent, lowest level in 10 years

Dutch gas storage levels have dropped to 5.8 percent, marking the lowest level recorded in a decade. This data, reported by Gasunie's National Energy Dashboard, reflects a significant decline in the c...

Bus transport in IJmond on the rise, passenger numbers up 14 percent

Bus transportation in the IJmond region experienced a 14 percent increase in passengers in 2024 compared to 2023. This growth indicates that ridership is steadily returning to levels recorded prior to...

Municipal spending rises by nearly 6 percent

Dutch municipalities expect to increase their collective spending by nearly 6 percent in 2026, reaching a total of 84.6 billion euros. According to data from Statistics Netherlands (CBS), this represe...

How long should the upholstery of a 179-euro chair stay in good condition?

The article explores consumer expectations regarding the lifespan and durability of dining chair upholstery, specifically for chairs priced at 179 euros. It addresses the core question of when it is a...

Uncertain energy market makes households hesitant about energy contracts

Fluctuating energy prices caused by the conflict in the Middle East are leading households to reconsider their energy contracts. Experts suggest there is no need for immediate action, as consumers wil...

Amstel III to get 245 senior homes

The Amstel III district in Amsterdam is set to receive 245 new senior housing units designed for safety and accessibility. These homes will provide a comfortable living environment for residents, incl...

Oil prices fall after news of possible US-Iran peace talks

Oil prices on international markets declined on Wednesday morning following reports of potential peace talks between the United States and Iran. The drop reflects market reactions to signs of easing g...

Will the unattractive Appeltjesmarkt near Marnixstraat become a ‘hub’ for transshipping goods from the water?

Dutch economy can 'take a hit' according to ABN AMRO

ABN AMRO economists report that the Dutch economy remains resilient despite slower growth and higher inflation caused by the conflict involving Iran. The bank's latest assessment suggests that while t...

Homeowner, have you learned nothing from the last energy crisis? ‘Make your home sustainable now’

An expert urges homeowners to prioritize making their houses sustainable to better withstand the ongoing energy crisis. They emphasize that 90% of owners can achieve this with neutral financing or imm...

OpenAI discontinues Sora, the AI video generation app

OpenAI has announced plans to discontinue Sora, its artificial intelligence application used for generating short videos. The company intends to reallocate the significant computing power required for...

FNV wants higher travel allowance and fuel price caps

The Dutch labor union FNV is advocating for a higher tax-free travel allowance and the implementation of maximum prices for gasoline and diesel. These proposals are being put forward ahead of a parlia...

Greenpeace projects ‘Tax oil companies’ war profits’ onto Eye Filmmuseum

Trump reports mysterious Iranian ’gift’ near Strait of Hormuz

US President Donald Trump has claimed to have received a "very big gift" from Iran involving the Strait of Hormuz. While he declined to provide specific details, he indicated the matter is related to ...

Jetten expects quick end to 90 billion blockade for Ukraine

Rob Jetten expects Hungary to lift its blockade on a €90 billion EU loan for Ukraine by mid-next month. The Hungarian government has been obstructing the aid due to a dispute with Ukraine regarding ...

No train service at Station Zuid during multiple periods in April and May

Train traffic at Amsterdam Zuid station will be suspended during several periods in April and May due to construction work on a wider station passage and a new cycling tunnel. These works are part of ...

Shell CEO: brace for gas and oil supply disruptions to Europe

Shell CEO Wael Sawan has warned that Europe may soon experience fuel supply disruptions similar to those currently affecting Asian markets. The instability is driven by the conflict in the Middle East...

Four ATM bombings in two weeks: ‘Criminals have found a gap in security’

Fortnite maker Epic lays off 1,000 employees: 'Sorry this is necessary again'

Epic Games is laying off 1,000 employees in an effort to reduce costs. The American developer cited declining revenue from its flagship game, Fortnite, as a primary reason for the restructuring.

Cabinet also considering energy price compensation for middle-income earners

The Dutch cabinet is exploring additional measures to mitigate rising energy prices for middle-income households following pressure from the House of Representatives. An emergency fund is being fast-t...

Elan Wonen declines to join large-scale Belgiëlaan development: 'Our hands are full with other projects'

Housing corporation Elan Wonen has declined to join a large-scale new construction project on Belgiëlaan in Haarlem's Europawijk neighborhood, citing a full schedule of other commitments. The proposa...

Dutch House of Representatives wants energy emergency fund reopened quickly

The Dutch House of Representatives has passed a nearly unanimous motion calling for the swift reopening of the Temporary Emergency Energy Fund. The proposal, initiated by MP Esmah Lahlah, requires the...

Volkswagen recalls nearly 100,000 electric cars due to battery problem

Volkswagen is recalling nearly 100,000 electric vehicles globally due to potential issues with battery modules, as announced by the German transport authority KBA. In the Netherlands, approximately 4,...

Construction of large commercial building in Waarderpolder may soon resume

Contractor Van der Worp has lost a summary judgment lawsuit against project developer Haarlem Business Center regarding a construction project in the Waarderpolder. This legal decision is expected to ...

Man (31) posed as landlord in Amsterdam and scammed students out of 20,000 euros

GroenLinks-PvdA proposes fuel price caps

The GroenLinks-PvdA alliance has proposed implementing maximum price caps for gasoline and diesel to protect consumers from rising fuel costs. Party leader Jesse Klaver discussed the proposal with the...

Trump’s promise of a grand deal with Iran needs a large grain of salt

Donald Trump claims a historic peace deal with Iran is nearly finalized, though critics suggest these assertions should be viewed with skepticism. Despite the rhetoric, there appears to be no concrete...

Nova College students first to use benefits practice tool: ‘Actually quite stupid if you forget it’

Students at Nova College in Haarlem are the first to use a new practice tool designed to help navigate the process of applying for government allowances. During a guest lecture from the Dienst Toeslag...