Economy News in English

FNV Tata gauges members' mood: tensions are rising. ‘Management has been greedy, we’ve had years of misery’

FNV union members at Tata Steel expressed significant frustration during recent meetings, citing poor treatment by management and corporate greed. While a low wage offer triggered the discussions, wor...

Klarna warned for violating legal rules on pay-later payments

The Dutch financial complaints institute Kifid has issued a warning to Klarna for violating legal regulations regarding its buy-now-pay-later service. The reprimand follows complaints from consumers w...

City pass holders get discount on energy-efficient refrigerators or washing machines

Amsterdam City Pass holders are now eligible for discounts on energy-efficient refrigerators and washing machines. The initiative aims to help low-income residents reduce their electricity bills by re...

Economy can handle rising energy prices better than at start of Ukraine war

The Dutch economy is now more resilient to rising energy prices than it was during the 2022 crisis following the invasion of Ukraine, according to ING experts. This increased stability is attributed t...

AVROTROS to cut jobs and downsize management due to budget cuts

Dutch public broadcaster AVROTROS is cutting thirteen jobs and reducing its management board from three members to two. These measures follow budget cuts for public broadcasting announced by the previ...

British billionaire sells most expensive house ever for over 300 million euros

British billionaire Nick Candy has sold his property for approximately 309 million euros (270 million pounds), setting a record for the most expensive home ever sold. The transaction was reported by B...

Nearly a quarter million households struggling due to high fuel prices

Nearly 250,000 Dutch households are facing financial distress due to high fuel prices, according to a report by the TNO research institute. While calls for fuel excise tax cuts grow, experts warn thes...

Subsidy for sustainable sports clubs in Haarlem

Sports clubs in Haarlem can now access subsidies to make their buildings more energy-efficient, with the city covering the first ‑10,000 in costs and providing further funding up to ‑100,000. RFC ...

Karremans has no sympathy for trucker highway protests against high fuel prices

Minister of Infrastructure and Water Management Vincent Karremans expressed his disapproval of truck drivers blocking highways during protests against high fuel prices on Thursday morning. The demonst...

Information evening on A9-Zuid electricity station in Spaarndam

Grid operator Tennet and the province of North Holland are hosting an information session about the new A9-Zuid electricity station. The event will take place on April 20 at the Spaarndam Village Cent...

Temporary ban on steel slag extended, but future remains uncertain

The Dutch government has extended the temporary ban on the use of steel slag for another six months. During a debate in the House of Representatives, it became clear that long-term regulations for thi...

Velsen unconcerned about finances after poor BDO rating; no additional cuts expected

The local government of Velsen remains unconcerned despite being ranked as one of the most financially unhealthy municipalities in the Netherlands by accounting firm BDO. The council stated in respons...

Haarlem-based hot school lunch provider TommyTomato declared bankrupt

Haarlem-based school lunch provider TommyTomato has been declared bankrupt following a sudden withdrawal of promised financing. The social enterprise serves warm meals to 30,000 children across hundre...

Lawsuit against carmaker Stellantis over defeat devices in motorhomes

Several Dutch consumer and camping organizations have filed a legal claim against car manufacturer Stellantis regarding the use of illegal defeat devices in camper vans. The groups are demanding that ...

Air France-KLM bids for Portuguese airline TAP

Air France-KLM has officially submitted a bid to acquire the Portuguese airline TAP. The Franco-Dutch aviation group has long expressed interest in this takeover as part of its expansion strategy.

Next-day mail delivery to become much more expensive: cards must be dropped off at parcel points

Starting July 12, PostNL will require customers to drop off next-day delivery mail at designated parcel points instead of traditional orange mailboxes. Additionally, the cost of sending mourning mail ...

Truckers slow traffic on highways in protest against high fuel prices

Truck drivers in the Netherlands are staging protests on several major highways this Thursday morning to demonstrate against rising fuel prices. The slow-moving convoys are causing significant traffic...

Housing for migrant workers increasingly dire: property owners fill municipal policy vacuum

The housing situation for migrant workers in the Zuid-Kennemerland and IJmond regions has become increasingly critical due to a lack of coordinated municipal policy. Social consultancy Public Result c...

Malaysian civil servants to work from home due to fuel prices

The Malaysian government has ordered civil servants to work from home in an effort to reduce fuel consumption and lower prices. This measure follows a sharp increase in fuel costs caused by the confli...

Financial markets react to Trump's threats: oil prices surge, Bitcoin value drops

Financial markets reacted strongly to a television speech by Donald Trump, in which he threatened an escalation of the conflict in Iran. As a result, oil prices rose sharply on Thursday while Asian st...

Oil prices surge after Trump speech on Iran war escalation

Oil prices rose significantly on Thursday following threats of an escalation in the conflict with Iran by US President Donald Trump. The price surge reflects market reactions to the possibility of inc...

Majority of savers: Do not invest money in porn and gambling industries

A majority of savers oppose bank investments in the gambling and pornography industries, with women demonstrating a higher level of ethical concern than men. The survey findings also indicate that wom...

Near-record number of applications for home sustainability loans

The National Heat Fund reported a 73% increase in loan applications for home sustainability in March compared to the same month last year. This surge brings the number of requests close to record leve...

Employers call for calm in collective bargaining: 'High wage demands not wise'

Dutch employers are calling for moderation in wage demands during collective bargaining negotiations as inflation continues to rise. They warn that high labor costs and geopolitical tensions are alrea...

No trains between Schiphol and Leiden due to stranded train

Architect Van Bergen on Bergen building plans: Add quality, not just bricks

Architect Michael van Bergen, winner of the 2025 Amsterdam prize for best housing project, shared his insights on housing developments in his hometown of Bergen. He emphasized that construction projec...

Priority mail price hike: funeral card doubles in price

Starting in July, PostNL will significantly increase rates for 24-hour delivery services, including bereavement cards and medical mail. These items will cost several euros per piece as the postal serv...

PostNL to deliver letters within two days from July 12

Starting July 12, PostNL will shift its standard letter delivery from next-day to within two days to ensure service reliability and manage high operational costs. This change follows a government deci...

Stuck in a ‘foreign’ city: many people can no longer return to their roots

Many people are finding it increasingly difficult to move back to the regions where they grew up due to a lack of affordable housing. This trend leaves individuals stuck in cities away from their root...

Astronauts begin first trip to the moon since 1972

Four astronauts have launched from Cape Canaveral, Florida, on the Artemis II mission, marking the first human flight toward the moon since 1972. The rocket took off on Wednesday night, initiating a h...