Economy News in English
Latest economy headlines from Dutch news, translated into English.
No refund for people who did not object to Box 3 tax
The Advocate General has advised that taxpayers who failed to formally object to the box 3 levy are not entitled to a refund for overpaid taxes. If the Supreme Court adopts this recommendation, those ...
'I just want to work and earn my own money': work-study program offers new opportunities
The Amsterdamwerkt! program provides Amsterdam residents with step-by-step guidance and work-study opportunities to secure paid employment. By focusing on sectors that match individual skills, the ini...
More camping vehicles on the road, caravans especially popular
Caravan registrations in the Netherlands rose by 18 percent in March and April compared to the previous year, with 2,152 new units registered. According to industry organizations KCI and BOVAG, the su...
Beware of AI companies, expert warns: ‘They are preying on our data to feed their systems’
Former MEP Marietje Schaake warns of the growing influence and data collection practices of AI companies in her new book, The Power Code. She argues that these corporations aggressively seek user data...
Pump prices fall further after drop in oil prices
Fuel prices at gas stations continued to decline on Friday following a drop in global oil prices. The decrease is attributed to hopes for a resolution in the Middle East conflict after reports that Ir...
Bargain hunters lured by 90 percent discounts at Fonq, but it turns out to be a trap
Scammers are using fake advertisements on TikTok and Instagram to lure bargain hunters with claims of 90 percent discounts due to a supposed bankruptcy of the webshop Fonq. The Dutch Fraudehelpdesk ha...
Netherlands-based company behind taxi app fined 100 million euros for leaks to Russia
The Netherlands-based company MLU, which operates the taxi app Yango in Norway and Finland, has been fined 100 million euros for insufficient security when transferring user data to Russia. The fine f...
Painful for Nintendo and a blow for fans: Switch 2 to be slightly more expensive
Nintendo is increasing the price of the Switch 2 in Europe by approximately 30 euros, bringing the total cost to 500 euros. Additionally, the company expects to sell fewer units this year compared to ...
Reaal customers agree to investment insurance settlement; payouts can begin
Over 90 percent of Reaal customers involved in the usury policy claim have accepted a personal compensation settlement. This agreement allows for the finalization of the deal and the payout of tens of...
Heavily secured transport full of valuables from Municipal Pawnshop
On Sunday, April 19, a heavily secured transport moved 45,000 valuable items from the Stadsbank van Lening's Bijlmerplein branch in Amsterdam to other locations. The operation, which involved police e...
Toyota expects lower profit due to Middle East unrest
Toyota expects its profit for the current fiscal year to decrease by 20% due to supply chain disruptions and rising costs. The Japanese automaker cited the ongoing conflict in the Middle East as the p...
More than half of job postings say nothing or are vague about salary
Data from job site Indeed reveals that only 48 percent of job vacancies currently provide a salary indication, despite approaching European transparency regulations. Salary information is particularly...
US court: Trump's import tariffs illegal
A U.S. trade court has ruled that President Donald Trump's 10 percent import tariffs on the majority of goods entering the country are illegal. The decision issued on Thursday marks a significant lega...
Trump gives EU until July 4 for trade deal, threatens tariffs
US President Donald Trump has issued a deadline of July 4 for the European Union to implement a trade deal with the United States. He threatened to increase import tariffs on the trade bloc if the agr...
Harrods compensates dozens after abuse by businessman Al Fayed
British department store Harrods has compensated more than 75 victims following sexual abuse allegations against its late owner, Mohamed Al Fayed. The individuals received full compensation after fili...
Tense two-week wait for Tomassen Duck-To: Judge holds fate of duck slaughterhouse in their hands
Tomassen Duck-To is currently in a legal dispute with the municipality of Ermelo regarding its operating permits. A judge is expected to rule within two weeks, which will determine if the duck slaught...
Nostalgic Nibb-it rings discontinued: 'Our childhood'
Cheetos has announced it is discontinuing its iconic Nibb-it chip rings in natural, salami, and curry flavors. The manufacturer noted that while generations grew up with the snack, they are now removi...
Shareholders profit from high oil prices, motorists pay the bill
Surging oil prices linked to tensions between Iran and the U.S. have led to record profits for major oil companies, including Shell, BP, and Total. The significant earnings growth has prompted calls f...
Nearly 30 municipalities considering fat bike ban, some waiting for national policy
A survey of Dutch municipalities reveals that nearly 30 local governments are considering a potential ban on fatbikes. While some municipalities are exploring local measures, others are currently wait...
McDonald's reports higher Q1 profit driven by larger burgers
McDonald's reported an increase in global profits and sales for the first quarter of the year. The fast-food giant attributed this growth to the popularity of larger burgers and special promotional it...
Dutch use cars more often despite high fuel prices
Recent data from mobility consultancy Goudappel shows that Dutch residents are driving more frequently despite high fuel prices. While car usage has increased, many drivers are increasingly choosing t...
Two more World Cups of Panini stickers before competitor takes over
Italian company Panini will produce official football stickers and cards for only two more World Cups before its 60-year partnership with FIFA ends. Starting in 2031, the American company Topps will t...
Business owner in Waarderpolder? Complete the survey
Entrepreneurs in the Waarderpolder are invited to complete a short noise production survey between May 7 and June 18, 2026, to update administrative records. The initiative aims to reconcile actual no...
Fewer people with debt settlement loans and debt relief after assistance program shortened
The number of people receiving debt restructuring credits and participating in debt relief programs in the Netherlands decreased significantly last year. This decline follows the shortening of the dur...
Shell reports significant profit due to Middle East war
Shell reported a first-quarter profit of nearly $6.9 billion, driven by a significant increase in oil prices. The price surge is attributed to market volatility caused by the ongoing conflict in the M...
Pear drink without pears and smaller chocolate bars: these are the most misleading products of 2026
The 2026 nominations for the Gouden Windei award highlight the year's most misleading food products, such as pear juice primarily composed of apple juice and cheddar sauce with minimal cheese. Other n...
Summer holidays less popular due to fuel crisis
Rising fuel costs and geopolitical tensions in the Middle East are making summer vacations less popular among Europeans. High prices for both airline tickets and car travel are forcing many travelers ...
Pump prices drop slightly after sharp decline in oil prices
Dutch gasoline and diesel advisory prices saw a slight decrease on Thursday following a sharp decline in global oil prices. The price drop is attributed to market hopes for a swift resolution to the c...
Hotels seize Booking.com records in legal claim case
A bailiff has seized part of Booking.com's administrative records at the request of hotels currently engaged in a legal claim against the platform. The hotels sought the seizure after alleging that Bo...
