Economy News in English
Latest economy headlines from Dutch news, translated into English.
Booking.com hack: customer booking information accessed
Unauthorized third parties gained access to customer booking information at Booking.com, leading to a confirmed data breach. The company acknowledged the incident on Sunday evening after affected cust...
Since the war in Iran, this car dealer is selling more electric cars
Current business park to feature 8,000 high-rise homes in the future
The Amsterdam City Council is reviewing plans to transform the Holterbergweg industrial area in Zuidoost into a high-rise district featuring up to 8,000 new homes and expanded business space. The deve...
Crayfish as a symbol of slow administration
The American crayfish plague in the Netherlands has become a symbol of slow government bureaucracy and inefficient decision-making. Despite being a long-standing issue, the response remains bogged dow...
Lufthansa hit by another strike: pilots to walk out Monday and Tuesday
Lufthansa pilots, including those from subsidiaries CityLine, Eurowings, and Lufthansa Cargo, will go on strike this Monday and Tuesday. The industrial action, organized by the Cockpit union, aims to ...
FT: US-Iran negotiations stall over Strait of Hormuz
Negotiations between the United States and Iran in Pakistan have stalled over disagreements regarding control of the Strait of Hormuz. Iran reportedly insists on maintaining full control and the right...
Traffic jams in South and on several highways due to closure of A10 South and A10 East
Major traffic congestion has hit Amsterdam and surrounding highways following the closure of the A10 South and A10 East for the Zuidasdok project. Drivers are facing significant delays in local neighb...
Fairground industry furious over new truck tax: 'The government is destroying our industry'
Fairground operators in the Netherlands are protesting a new truck tax regulation that could increase their costs tenfold, claiming it will destroy their industry. In response to the government's plan...
Trump: US has begun clearing the Strait of Hormuz
U.S. forces have begun clearing the Strait of Hormuz of potential sea mines allegedly laid by Iran during recent American and Israeli military strikes. According to Donald Trump, the strategic waterwa...
Construction of Port of IJmuiden business park to start in August, residents consulted on relocation of historic stairs
Construction of the IJmuider Delta business park, featuring 31 business units in the IJmuiden port area, is scheduled to begin in mid-August. Local residents are being consulted regarding the relocati...
Surgeon Thomas (53) refuses to operate while tired: ‘It feels like a disgrace to back out’
Thomas, a 53-year-old surgeon, expressed concerns about the potential for surgical errors caused by exhaustion from working excessive and irresponsible hours. He discussed the physical and mental toll...
Weight loss drugs force food industry toward smaller portions and high protein
The rise of weight loss medications like Ozempic and Wegovy is influencing consumer shopping habits by significantly reducing appetite. In response, the food industry in the Netherlands is beginning t...
Crisis or not, garden centers are thriving: ‘The start is like Skirt Day—as if everyone agreed to get to work’
Despite high inflation, garden centers and hardware stores in the Netherlands are seeing a surge in customers as the first signs of spring appear. The industry remains resilient, with millions of cons...
Minister Vijlbrief warns: State pension plan is gone for now, but the problem remains
Minister Hans Vijlbrief has invited labor unions to discuss the future of the Dutch social security system after the government's controversial AOW plan was put on hold. He warned that interventions r...
Ombudsman critical of plan to cut welfare benefits
Dutch National Ombudsman Reinier van Zutphen has criticized the cabinet's proposal to reduce spending on social assistance benefits. Van Zutphen expressed his concerns in a formal letter to Minister T...
Screen Time | Moon mission makes mobile phones mainstream in space
Tech reporter Rutger Otto's weekly column discusses the increasing use of mobile phones for capturing high-quality photography in space. The article highlights impressive images taken by mobile device...
High diesel prices hit major sectors: 'Additional costs of 800,000 to 900,000 euros'
High diesel prices are causing significant financial concern for companies in the transport, logistics, construction, and agricultural sectors. These businesses fear that the rising costs, which can r...
Waiting? Working! Twelve permit holders from across the country get help finding work in West-Friesland
Twelve status holders with healthcare backgrounds from asylum centers across the Netherlands are participating in a pilot program to find employment in West-Friesland. The initiative provides language...
World's largest gasoline port has more gasoline than the Netherlands needs despite oil crisis
Amsterdam remains the world's largest gasoline port and currently holds more fuel than the Netherlands requires, despite the ongoing global oil crisis. While gasoline supplies remain stable and contin...
Future for Kwantum and Leen Bakker: new CEO Linda Keijzer does not want to close any more stores
Linda Keijzer, the new CEO of Leen Bakker and Kwantum, announced that no more store locations will be closed in the short term. The companies' new owner intends to invest in both retail chains for the...
How did the construction halt at Blekersduin happen? External agency found no nitrogen increase for Santpoort-Zuid housing
The construction of 40 rental homes in Santpoort-Zuid has been halted by provincial authorities due to concerns over nitrogen emissions. Although an external consultancy report commissioned by the hou...
Teslas with self-driving software allowed on Dutch roads
The RDW has approved the use of Tesla's self-driving software on Dutch roads, allowing drivers to navigate traffic without keeping their hands on the steering wheel. This decision makes the Netherland...
US Santas can now deduct tips from taxes
The United States Internal Revenue Service has clarified that individuals earning money as Santa Claus or other costumed characters can now deduct tips from their taxable income. This new tax guidance...
KLM plane forced to return to Schiphol after hitting a heron
A KLM flight heading to Nice was forced to return to Schiphol Airport on Friday afternoon after colliding with a heron shortly after takeoff. It is suspected that the bird may have been sucked into th...
Persian Gulf oil blockade sends Amsterdam gasoline as far as Australia
Air France-KLM CEO earned €5.1 million last year, Netherlands objects
Air France-KLM CEO Ben Smith earned 5.1 million euros last year, more than triple the salary of KLM CEO Marjan Rintel. The Dutch government has raised objections to the compensation package, which was...
Netherlands also opposes KLM CEO Smith’s exorbitant pay
Air France-KLM CEO Ben Smith earned 5.1 million euros last year, more than triple the salary of KLM CEO Marjan Rintel. The disclosure in the aviation group's annual report has sparked criticism in the...
Richard Kemper horrified by ‘target of five’ diet: ‘It’s like eating as if you’re already on chemo’
Richard Kemper expressed strong disapproval of specific dietary guidelines, comparing the suggested food to a diet for chemotherapy patients. Additionally, residents in Bloemendaal welcomed news of a ...
NVWA catches seven men red-handed in illegal sheep slaughter
The NVWA raided an illegal slaughterhouse on a farm in Friesland on Thursday, catching seven men red-handed. The suspects were found slaughtering sheep without anesthesia, which is strictly prohibited...
Irish fuel protests cause dozens of pumps to run dry
Protests against rising fuel prices in Ireland have entered their fourth day, with demonstrators blocking key fuel depots and a major refinery. These actions have led to fuel shortages at approximatel...