Economy News in English
Latest economy headlines from Dutch news, translated into English.
'Then I just have free money,' says Robert (25), who lets AI bet on football matches for him
Robert, a 25-year-old, is utilizing artificial intelligence to automate sports betting on football matches, describing the resulting profits as "free money." While visitors at a local market acknowled...
US import tariffs hit Dutch exports, but economy remains resilient
The US Supreme Court has ruled that import tariffs previously imposed by President Trump are unlawful, providing relief for international exporters and American consumers. Although these tariffs had i...
What do young people want from Velsen politics? ‘An apartment is only possible if you have a partner and a good job’
Young people in Velsen are sharing their priorities for the next four years as local political parties develop their election programs. A major concern for this demographic is the housing crisis, with...
Social media seeks ways to get away with addictive designs
Social media platforms, including Meta's Facebook and Instagram, are facing increasing scrutiny and legal challenges in the U.S. regarding their potentially addictive designs. Despite Meta CEO Mark Zu...
Two KLM planes collide at Schiphol, no injuries
Two KLM aircraft collided on the ground at Amsterdam's Schiphol Airport on Saturday morning. No injuries were reported in the incident, which the airline described as a highly exceptional occurrence.
Bulb industry stays calm: Regardless of who lives in the White House, there are always tulips in the garden
The Dutch flower bulb and nursery industry is remaining calm following recent developments regarding U.S. import tariffs. Mark-Jan Terwindt, director of the sector's trade association, expressed confi...
Slovakia threatens to cut off emergency power to Ukraine over oil dispute
Slovak Prime Minister Robert Fico has threatened to halt emergency electricity supplies to Ukraine if the transit of Russian oil to Slovakia is not resumed. Slovakia and Hungary are protesting Ukraine...
Trump signs executive order for global levy, Macron pleased with US court ruling
U.S. President Donald Trump signed an executive order on Friday introducing a new 10 percent global import tariff on goods. The action followed a U.S. Supreme Court ruling earlier that day that declar...
Potato surplus for farmers due to high yields: After May it’s over
Dutch potato farmers are facing a massive surplus and significant financial losses due to high yields, overlapping harvest seasons, and increased international competition. With selling prices falling...
Screen Time | All electronics are becoming more expensive due to the RAMpocalypse
Tech reporter Rutger Otto reports in his weekly column that the prices for nearly all electronic devices are expected to increase. This trend, referred to as a "RAMpocalyps," will impact almost every ...
Will Americans get their money back? Lawsuits loom after $175 billion in import tariffs
After the U.S. Supreme Court rejected certain import duties, American businesses and consumers are exploring legal avenues to recover $175 billion in paid tariffs. Despite the ruling, Donald Trump has...
The tax authorities as the worm in the apple
Reforming the tax system has emerged as one of the most significant challenges for the Dutch government, despite being overshadowed by high-profile issues like nitrogen and migration. This complex fis...
'If this ban is implemented, it won't solve the PFAS problem': Jasper Roubos from Haarlemmermeer fears for the future of Dutch arable farming
Dutch farmer Jasper Roubos warns that a potential ban on pesticides containing PFAS could destroy the country's arable farming sector without effectively solving the chemical pollution problem. The Ne...
Netherlands considers ban on PFAS pesticides
The Netherlands is considering a ban on various pesticides containing PFAS to protect the country's groundwater. While drinking water companies support the potential measure, farmers have expressed si...
Employees poorly prepared for job loss: 'This should be a wake-up call'
Rapid labor market changes driven by digitalization and artificial intelligence are creating new roles while making others obsolete, yet many employees remain unprepared for these shifts. Most workers...
Dutch Tax Authority continues to use algorithms, promises improvement
The Dutch Tax Authority has committed to using algorithms more responsibly following criticism and receiving a Big Brother Award for privacy violations. However, a spokesperson stated that the organiz...
Streamers, snacks and pajamas for Ramadan available in every shopping street
Dutch retail stores are increasingly offering Ramadan and Eid al-Fitr products, such as decorations, snacks, and themed clothing, directly in mainstream shopping streets. This commercial trend makes i...
Trump calls Supreme Court ruling a disgrace and announces new tariff
U.S. President Donald Trump has criticized a Supreme Court ruling that declared many of his import tariffs illegal, calling the decision a "disgrace." Trump expressed deep disappointment in the judges...
US now also eases environmental rules on mercury emissions
The Trump administration is relaxing environmental regulations concerning the emission of mercury and other hazardous air pollutants. According to the EPA, the policy change is intended to help older ...
State Secretary advises parents to keep children away from play sand
Dutch State Secretary Judith Tielen has advised parents and organizations to prevent children from playing with play sand due to concerns over potential asbestos contamination. While no formal ban has...
US economic growth slows in fourth quarter
The United States economy grew by 2.2 percent last year, a decrease from the 2.8 percent growth recorded in 2024. This expansion was primarily driven by increased consumer spending and business invest...
Defeat for Trump: US Supreme Court rules tariffs unlawful
The US Supreme Court has ruled that import tariffs imposed by President Donald Trump are unlawful, stating that the authority to set such duties belongs to Congress. While the ruling does not affect t...
Flood of complaints about Odido prompts watchdog to issue special appeal
Dutch authorities are being overwhelmed by reports from current and former Odido customers concerned about potential identity fraud. The surge in complaints has prompted the Dutch Data Protection Auth...
EU steel exports to US fall 30 percent due to high import tariffs
Steel exports from the European Union to the United States dropped by 30 percent during the second half of last year compared to the same period in 2024. This significant decline is attributed to the ...
Former Jehovah's Witness Armando committed armed robbery, but is now a successful entrepreneur: ‘Suddenly I had a change of heart’
Armando Muis, a 35-year-old former Jehovah's Witness who committed an armed robbery at age 15, has transformed his life into a highly successful business career. Currently a fatbike entrepreneur, he i...
Coalition will miss its own nitrogen targets with current plans
The Dutch coalition government's current plans are insufficient to meet its own nitrogen reduction targets by 2035, according to calculations released by the Netherlands Environmental Assessment Agenc...
Everyone worse off under coalition plans, especially lower incomes
Proposed coalition plans from D66, VVD, and CDA are expected to reduce the purchasing power of all households, with lower-income earners facing the most significant impact. The decline is primarily at...
Lower incomes will feel new cabinet measures more than high earners
Calculations by the CPB indicate that the new Jetten cabinet's economic plans will reduce disposable income, with lower-income households expected to feel the impact most significantly. In response to...
Dutch citizens no longer allowed to participate in Polymarket betting
The American betting platform Polymarket has blocked Dutch users from participating in wagers on its site. This action follows a demand from the Dutch Gambling Authority (Kansspelautoriteit) for the c...
Odido data breach scam: Fake website charges €50 per claim
Victims of the Odido data leak are being warned about a fraudulent website that falsely promises to file compensation claims for a fee of 49.99 euros. The site is a scam, and customers are advised not...