Economy News in English

Retention of mortgage interest deduction less certain than it seems

The Dutch minority cabinet, led by Prime Minister Jetten, faces potential negotiations with the opposition and unions that may put the mortgage interest deduction at risk. While the VVD remains firmly...

German drone startup worth $18 billion after new funding round

German drone startup Helsing is set to raise $1.2 billion in a new financing round, according to the Financial Times. This investment establishes the Munich-based company as one of the most valuable s...

Putin promises visiting Fico enough energy for Slovakia

Russian President Vladimir Putin met with Slovak Prime Minister Robert Fico in Moscow on Saturday to discuss energy cooperation. During the visit, Putin pledged that Russia would make every effort to ...

Dassen in congress speech: break ties with Palantir

Volt leader Laurens Dassen has called on the Dutch government to sever ties with the American software company Palantir. During a party congress in Ede, Dassen proposed redirecting the funds currently...

Uniqlo doesn't sell trends, but relies on Japanese reliability

Japanese retailer Uniqlo distinguishes itself from fast-fashion competitors by focusing on sustainable, gender-neutral basics rather than chasing rapid trends. The brand emphasizes reliability and rat...

New cars and washing machines made entirely from scrap? Tata Steel, Volvo and Electrolux conduct groundbreaking research

Tata Steel Nederland, Volvo, and Electrolux Professional are conducting research in IJmuiden to produce high-quality steel for cars and appliances entirely from scrap metal using electric arc furnaces...

New Dutch citizens finding work faster and more often: "I can now contribute"

Data from the CBS shows that refugees with residence permits in the Netherlands are finding employment significantly faster than a decade ago, with 13% working within three months. Local initiatives a...

The Netherlands flooded by Chinese car brands: here is the reason

The Netherlands is experiencing a rapid influx of Chinese car brands, with over twenty manufacturers already present in the market and new ones arriving almost monthly. Auto expert Niek Schenk explain...

Starmer appoints former PM Brown as special envoy

British Prime Minister Keir Starmer has appointed former Prime Minister Gordon Brown as a special envoy for global finance. The appointment follows significant losses for the Labour Party in recent lo...

Sold-out house festival organizer sues Amsterdam over cancellation

The organizers of the sold-out Music On Festival have filed a lawsuit against the municipality of Amsterdam in a final attempt to prevent the event's cancellation. A spokesperson stated that this lega...

Marleen (52) is at the office by 7:15 AM to secure a spot: ‘Need for my own desk’

52-year-old Marleen reports experiencing significant stress due to a workspace shortage in her company's new office, forcing her to arrive at 7:15 AM to secure a desk. She shared her struggle with car...

Companies not yet increasing travel allowances on a large scale

A survey by ANP indicates that most companies in the Netherlands are not yet planning to increase the travel allowance for employees to 25 cents per kilometer. Many employers have either decided again...

Ruud Gullit's AI clone can speak languages but can't play football

Tech reporter Rutger Otto's weekly column examines an AI clone of Dutch football icon Ruud Gullit. The digital double is designed to speak multiple languages, though it cannot replicate Gullit's physi...

Old 100-guilder life insurance policy turns out to be worth almost nothing in 2026

Following the death of her 103-year-old mother, Ineke Barnhoorn discovered a life insurance policy taken out nearly a century ago for one hundred guilders. Now valued at less than fifty euros, the cas...

Philips management faces heavy criticism at shareholder meeting

Philips executives faced significant pressure from shareholders during the company's annual meeting. The initially relaxed atmosphere turned tense as shareholders posed a series of critical questions ...

Ziggo adds ESPN channels to basic package and raises prices for all TV customers

Starting in July, Ziggo will include all four ESPN channels in its basic television package, providing millions of households with access to Eredivisie football and other sports. As a result of this c...

Day trip to Germany by shopping bus, especially for tobacco: ‘I easily save 240 euros’

ATM bombing is a criminal craft in which the Netherlands excels

Will the cabinet be spared a new billion-euro claim? Not everyone to receive money in Box 3 affair

The Dutch government may avoid paying billions in compensation because individuals who did not object in time to the unlawful Box 3 wealth tax are likely ineligible for restitution. This development o...

Additional layoffs at Porsche as it pulls the plug on subsidiaries

Porsche is shutting down three of its subsidiaries, resulting in the elimination of 500 additional jobs at the German sports car manufacturer. The company is responding to declining sales and economic...

Foghorns, fireworks and smoke at the christening of new trawler Annie Hillina as Bloom protest group leaves early

The Dutch fishing industry celebrated the christening of the KW-170 'Annie Hillina' in IJmuiden, marking the first new Dutch freezer trawler commissioned since 2000. The event featured fireworks and s...

Judge rules against Camille van Gestel: entrepreneur found to have €120,000 in income

A Dutch judge has denied entrepreneur Camille van Gestel access to 150,000 euros for his appeal in the face mask scandal due to a lack of financial transparency. The court discovered undisclosed asset...

Work continues day and night at Heemskerk beach: 400,000 cubic meters of extra sand to keep feet dry as ‘the Netherlands gets smaller’

Approximately 400,000 cubic meters of sand have been added to the beach at Heemskerk after two weeks of intensive work. This coastal reinforcement project aims to maintain the shoreline and protect th...

Cabinet: 100 million euros to compensate firework traders

The Dutch government has allocated 100 million euros to compensate business owners affected by the upcoming fireworks ban. State Secretary Annet Bertram announced the financial support package to the ...

Investors' association VEB slams Philips management over apnea scandal: 'One of the biggest damages in history'

During the annual shareholders' meeting, the investors' association VEB sharply criticized Philips' management over its handling of the defective sleep apnea device scandal. Representing more than 25,...

How long will Yesilgöz's promises hold up?

As the parliamentary recess concludes, the Dutch cabinet aims to transition from a difficult start to establishing concrete policies. The role of trade unions is expected to be a critical factor in th...

High demand for Rheinmetall air defense systems in the Middle East

German defense company Rheinmetall reports a significant increase in demand for its air defense systems in the Middle East since the outbreak of war. The company aims to double the number of systems d...

Peter Gillis appeals tax fraud verdict

Reality star Peter Gillis is appealing a court sentence of eighteen months in prison and a €1.3 million fine for tax evasion. The ruling, issued by a court in Den Bosch, includes a six-month suspend...

Airline passengers retain right to compensation for cancellations due to high fuel costs

The European Commission has ruled that passengers are still entitled to compensation, refunds, or rebookings if their flights are canceled because of high fuel prices. High kerosene costs are not a va...

Milieudefensie should be happy its leader Donald Pols is joining Tata Steel

Donald Pols, the former leader of the environmental organization Milieudefensie, is transitioning to a position at Tata Steel. The article invites readers to participate in a poll regarding whether th...