Economy News in English
Latest economy headlines from Dutch news, translated into English.
Have your say on plans for Baaibuurt West
The city of Amsterdam is planning to develop Baaibuurt West on Zeeburgereiland, a new neighborhood that will feature up to 1,750 homes and various amenities. Members of the public are invited to revie...
WhatsApp gets new boss and wants to monetize users: 'If people have to pay, they will leave quickly'
WhatsApp has appointed Kunal Shah as its new CEO to focus on monetizing the platform's extensive user base. Shah, a veteran in the financial technology sector, is expected to explore new revenue strea...
Bartender Jens seeks housing in Amsterdam: ‘One room for 1300 euros, you’re allowed to complain about that’
Trump asks Congress for $87.6 billion more for Iran war
The Trump administration has requested an additional $87.6 billion in funding from the U.S. Congress. Most of the requested budget is intended to address urgent needs related to the war in Iran.
More and more green power: solar parks in the Netherlands grew explosively in recent years
Solar parks in the Netherlands have seen explosive growth in recent years, now covering four times the area they did in 2020. This expansion has primarily occurred on land previously used for agricult...
Swedish hit producers Max Martin and Shellback sell music rights
Swedish music producers Max Martin and Shellback have sold the rights to their Wolf Cousins music catalog. The collection includes stakes in major hits by global artists such as Taylor Swift and The W...
Oil prices are falling steadily, but it is not yet noticeable at the pump
Despite Brent oil prices falling below $75 per barrel on Wednesday, fuel prices at the pump have seen a slight increase. This disconnect is primarily attributed to the strength of the US dollar.
New trillionaire Elon Musk loses historic title as $400 billion evaporates
Elon Musk has lost his status as a trillionaire following a significant decline in the value of SpaceX shares this week. The drop resulted in a wealth reduction of approximately $400 billion, strippin...
Leimuider Bridge remains closed to shipping until tonight due to heat
The Leimuiderbrug will remain closed to shipping until tonight and throughout tomorrow morning due to technical malfunctions caused by expanding components in the heat. While road traffic can still cr...
Harbour Club reacts to bankruptcy of Amsterdam-East branch: ‘Recent period has caused a lot of frustration’
'What are the real health effects of Tata Steel's plans?' Health First calls for clarity before state grants billions in subsidies
The foundation Gezondheid Op 1 has filed a lawsuit against the Dutch State to halt a multi-billion euro sustainability subsidy for Tata Steel until its health impacts are fully understood. The group a...
Major fraud at sports company SRO, manager of facilities in Haarlem, Velsen and Zandvoort: Five million euros concealed
A five-million-euro fraud involving falsified invoices and work hours has been uncovered at SRO, a sports facility management company co-owned by the city of Haarlem. While the malpractice appears cen...
Postdocs and PhD students no longer have to pump during research time
Dutch trade unions and universities have reached a preliminary collective labor agreement to improve working conditions for female researchers. The agreement ensures that time spent on breastfeeding o...
Local residents demand more say in court over billions in aid for Tata Steel
A group of residents living near the Tata Steel plant in IJmuiden has taken legal action to demand more influence over the Dutch government's potential multi-billion euro support for the company. They...
Haarlemmermeer considered for small nuclear plant: alternative to Zeeland or Groningen sites ready
The Dutch cabinet is currently focusing on large nuclear power plants in Zeeland or Groningen, but grid operator TenneT has proposed an alternative plan for six smaller reactors. One of the potential ...
Setback for cabinet: government plane must be replaced again
The Dutch government must replace its official aircraft, PH-GOV, after only eight years of service, significantly shorter than the typical 25 to 30-year lifespan. This unexpected replacement is estima...
Dark road movie ‘Omaha’ about fatherhood during the financial crisis hits hardest with its closing text
Shipbuilder Damen loses multi-billion contract to German rival
The German government has canceled an 18 billion euro contract with Dutch shipbuilder Damen Naval for the construction of six frigates. Instead, the German Ministry of Defense has decided to award the...
Tata executives get €110,000 ‘bonus’: steel company says ‘no precedent’, union says ‘impossible to explain to workers’
Four board members at Tata Steel have received a special bonus of over 110,000 euros, a move the company defends as a one-time payment despite ongoing budget cuts. The FNV union has criticized the bon...
Liberty Global takeover of VodafoneZiggo approved in Europe: ‘No competition concerns’
The European Commission has approved the acquisition of Dutch internet and television provider VodafoneZiggo by Liberty Global for 1 billion euros. The commission stated that the deal raises no compet...
Plaintiffs in Tata case: prevent history from repeating itself
Concerned residents living near the Tata Steel plant have appeared in court in The Hague, claiming the Dutch government prioritizes industrial interests over public health. Their lawyer warned that th...
Public transport strike during rush hour: Can you still get to work? ‘I’ve never seen it so quiet’
A national train strike in the Netherlands left stations like Haarlem unusually quiet during a work stoppage between 4:00 and 8:00 AM on Wednesday morning. The strike disrupted travel for many commute...
No Haarlem funding for TommyTomato for now
The Haarlem municipality has not yet confirmed an investment in the lunch box company TommyTomato, with director Bas Turk stating the deal remains optional. Any potential funding is not expected to be...
Private jets cannot simply be excluded from EU ‘green’ list
A European judge ruled on Wednesday that private jets cannot be arbitrarily excluded from the European Union's list of sustainable investments. The ruling forces the European Commission to re-evaluate...
Q&A | Is removing solar panels smart? 'In winter, every extra panel helps'
The Dutch government will end the net metering scheme for solar panels next year, meaning households can no longer offset surplus energy against their annual consumption. Experts advise against removi...
FVD school receives government funding and reopens in August
The Forum voor Democratie (FVD) primary school in Almere is set to reopen this August after securing government funding from the Dutch state. The school, known as the Renaissanceschool, had previously...
FNV sees high willingness to take action across all public transport sectors
A public transport strike on Wednesday morning was successful, with the FNV Spoor union reporting high participation across the sector. Union official Henri Janssen noted a strong willingness among wo...
EU tightens rules for working with carcinogenic substances
The European Union is tightening regulations to protect workers from carcinogenic and other hazardous substances to prevent serious illnesses. These measures are expected to save approximately 1.16 bi...
Moerdijk residents call option to save village not credible
Local politicians in Moerdijk, including Mayor Aart-Jan Moerkerke and councilor Jolijn Koevoets, have expressed skepticism regarding a proposal to preserve the village while expanding the local power ...
Uniqlo and Adidas reprimanded for misleading ads
The British Advertising Standards Authority (ASA) has banned advertisements from adidas, Calvin Klein, and Uniqlo for potentially misleading consumers about the use of recycled materials. The watchdog...