Economy News in English
Latest economy headlines from Dutch news, translated into English.
Transavia cuts costs due to high fuel prices, does not rule out job losses
Transavia is implementing millions in additional cost savings due to the rising price of aviation fuel. The airline has confirmed it cannot rule out potential job losses as a result of these financial...
Empty bottles? Why returning your cans is now even better for your wallet
Returning empty PET bottles and cans in the Netherlands now provides an opportunity to win a cash prize of up to 400 euros. This incentive aims to encourage consumers to utilize the national deposit s...
Amsterdam to install new trash cans to combat littering
Starting in June, the City of Amsterdam will install 200 new trash cans featuring recycling compartments for deposit bottles across seven high-traffic locations. This initiative is part of a broader p...
Transavia to cut costs significantly: jobs at risk at Schiphol headquarters
Transavia's new CEO Paul Terstegge announced significant cost-cutting measures to achieve an eight percent profit margin. These cuts will lead to job losses among support staff at the company's headqu...
Increasing number of people refuse roadside drug tests
Police data reveals a growing number of drivers in the Netherlands are refusing to undergo drug tests during traffic stops. Although refusing such a test is a crime subject to severe penalties, the nu...
TNO finds solution for growing mountain of discarded solar panels
TNO has developed a new laser technology to efficiently recycle discarded solar panels and recover over 99 percent of the silver and high-purity silicon they contain. This innovation aims to provide a...
Many Gall & Gall stores closed today due to strike
Many Gall & Gall liquor stores across the Netherlands are closed today as employees strike over stalled collective labor agreement negotiations. The FNV union organized the walkout, criticizing parent...
Schiphol environmental study falls short for local residents, advisory body says
The Dutch Commission for Environmental Impact Assessment has advised the cabinet that a study regarding new flight rules for Schiphol Airport is insufficient to guarantee the protection of local resid...
Trump: fantastic trade deals reached with China
US President Donald Trump announced that he has concluded trade agreements with Chinese leader Xi Jinping. The statement was made during Trump's visit to the Zhongnanhai leadership complex in Beijing.
Cold and wet Ascension weekend doesn't deter campers: 'We are almost fully booked'
Despite cold temperatures and rainy weather during the Ascension Day weekend, campsites in the region report being nearly fully booked. Even with the mercury failing to rise above 15 degrees Celsius, ...
Gas prices to rise further: those who don't insulate will pay through the nose
A new CO2 levy on natural gas starting in 1.5 years is expected to significantly increase energy costs for residents living in poorly insulated homes. Due to the impending price hikes, gas suppliers a...
Where is the leadership?
Protests against a proposed asylum seeker center in Loosdrecht have escalated, leading police to use water cannons to disperse demonstrators. As calls for further national protests grow, the situation...
Haarlem Baseball Week forced to reschedule again after Dominican Republic withdrawal
The Dominican Republic national baseball team has withdrawn from the Haarlem Baseball Week shortly before the tournament's start due to financial reasons. This late cancellation forces organizers to a...
Judge refuses to approve Musk's settlement with investors: 'Red flags'
A US judge has refused to approve a $1.5 million settlement proposal from Elon Musk intended to resolve allegations of misleading investors. The judge cited concerns over the low amount of the settlem...
Family of Boeing crash victim awarded nearly $50 million in damages
A US jury has awarded $49.5 million in damages to the family of a 24-year-old American woman who died in a 2019 Boeing 737 MAX crash. The victim was among those killed during the period when the aircr...
Addictive painkillers stolen from hospitals and pharmacies and sold
The Dutch Health and Youth Care Inspectorate has confirmed that heavy painkillers stolen from hospitals and pharmacies are being sold on the black market. This announcement follows investigative repor...
ATM bombing in De Pijp, one explosive fails to detonate
An ATM at the intersection of Van Woustraat and Ceintuurbaan in Amsterdam was targeted in an explosion early this morning, causing significant damage. One explosive failed to detonate and was later sa...
Xi warns Trump of conflict over Taiwan
Chinese President Xi Jinping warned U.S. President Donald Trump that mishandling the issue of Taiwan could lead to clashes or conflicts. Beijing considers Taiwan a breakaway province, while the United...
Recalled Danone baby formula accidentally sold again in Belgium
Danone has announced that Nutrilon baby milk, which was previously recalled due to the potential presence of a toxic substance, was accidentally sold again in parts of Belgium. The company had initial...
Trump and Xi meeting ends after more than two hours
U.S. President Donald Trump and Chinese President Xi Jinping concluded a meeting in Beijing that lasted over two hours on Thursday. The leaders discussed key issues including trade relations and the s...
Haarlem Mayor Jos Wienen to chair national task force on steel slag
Mayor Jos Wienen of Haarlem has been appointed as the national chairman of the Taskforce for Existing Applications of Steel Slag. In this new role, announced by State Secretary Annet Bertram, Wienen w...
Reader question: Can Ziggo raise prices now that they are adding football?
Dutch telecommunications provider Ziggo is increasing its monthly subscription rates by 2.50 euros starting July 1st due to the addition of ESPN sports channels. A reader has contacted an ombudsman to...
Trump and Xi start meeting in Beijing with handshake
Chinese President Xi Jinping welcomed U.S. President Donald Trump in Beijing on Thursday to begin a high-level summit. The two leaders are scheduled to discuss several international issues, including ...
Minister: Cuba has completely run out of diesel and fuel oil
Cuba has completely run out of diesel and fuel oil, leading to the worst power outages in Havana in decades. The country's Minister of Energy and Mining attributed the crisis to a US blockade that has...
'We are in a remarkably good position,' says finance alderman, but Velsen budget back in the red next year
The municipality of Velsen has reported its first positive financial balance in years, suggesting that additional budget cuts may not be necessary. However, local officials remain cautious as the budg...
Jetten: Islands can be a model in the energy transition
Minister Rob Jetten stated that the six Caribbean islands within the Kingdom of the Netherlands can serve as models for a successful energy transition. He noted that Aruba's current focus on gas as an...
Bloomberg: Hantavirus vaccine research halted due to lack of funding
Chilean scientists were forced to halt their research on a promising hantavirus vaccine due to a lack of funding. The project reached a standstill during the COVID-19 pandemic, just before the vaccine...
Netflix to offer cheaper ad-supported subscription in the Netherlands from 2027
Netflix plans to introduce a cheaper, ad-supported subscription tier in the Netherlands starting in 2027. This lower-cost option has already been available in several other markets, including the Unit...
Economy in crisis again due to high oil prices: are we heading for a recession?
The economy is experiencing minimal growth and rising inflation, leading to record-low consumer confidence and a potential recession. Key indicators such as rising interest rates and unemployment are ...
OPEC expects lower oil demand due to higher prices
OPEC has lowered its global oil demand forecast for the year, citing significant price increases for crude oil. These rising costs are primarily driven by the ongoing conflict in the Middle East.