Economy News in English
Latest economy headlines from Dutch news, translated into English.
Wingtech appears overconfident with $8 billion claim against Dutch State
Wingtech is seeking 8 billion dollars in damages from the Dutch State following a government intervention involving its subsidiary, Nexperia, in October. Current assessments suggest the legal claim ha...
Color disappears from Japanese chip bags due to oil shortage from Iran war
Japanese snack giant Calbee is switching its colorful packaging to black and white designs to cope with an oil shortage. The supply issue stems from the ongoing conflict in the Middle East affecting m...
More car damage during holiday rush: 'Good preparation can prevent costs'
The risk of car damage increases significantly during the vacation season, yet many Dutch travelers are unsure of how their insurance coverage works abroad. Experts recommend reviewing policy details ...
Tata Steel investigates whether more slag can be used in cement
Tata Steel is collaborating with a cement company to investigate incorporating more types of steel slag into construction materials to promote sustainability. This initiative aims to find alternative ...
EU foreign policy chief Kallas: defense production must increase significantly
EU Foreign Policy Chief Kaja Kallas has called for a significant increase in European defense production and joint procurement, stating that current efforts are lagging. Speaking ahead of a meeting wi...
Complaints about carmaker Lynk & Co: customers receive hefty bills years after returning cars
The Dutch consumer television program Radar has received numerous complaints about the Chinese car manufacturer Lynk & Co. Former customers report being surprised by unexplained invoices for thousands...
Agreement on tackling EU medicine shortages
The European Parliament and EU member states have reached an agreement to facilitate the use of government funding for the production of essential medicines. This initiative is designed to address dru...
Dutch buy fewer household appliances but want convenience and luxury
Dutch consumers are purchasing fewer household appliances overall but are increasingly opting for luxury and convenience-focused items. According to a trade association, sales of robot vacuum cleaners...
ACM fines PostNL nearly 7 million euros for slow mail delivery in 2023
The Dutch Authority for Consumers and Markets (ACM) has imposed a fine of nearly 6.9 million euros on PostNL for failing to meet mail delivery standards in 2023. The penalty follows the postal service...
End of traditional auction for first herring barrel: Wholesaler finds new way to start season
The traditional auction of the first barrel of herring in Scheveningen is coming to an end after 39 years. Wholesalers are now planning a different approach to mark the start of the new herring season...
Foreign fans flock to Amsterdam for Harry Styles, Booking searches quadruple
British pop star Harry Styles is attracting thousands of international fans to Amsterdam for his ten-concert series at the Johan Cruijff ArenA, which marks his only tour stop on the European mainland....
Fossil fuel phase-out in Port of Rotterdam at center of new climate case
The non-profit organization Advocates for the Future has initiated a climate lawsuit against the Port of Rotterdam, demanding an immediate phase-out of fossil fuel activities. The legal challenge call...
Trump heads to Beijing for megadeals and geopolitical chess: what’s at stake?
US President Donald Trump is visiting Chinese leader Xi Jinping in Beijing for high-stakes discussions on megadeals and geopolitics. The meeting takes place amid shifting power dynamics, with observer...
Amsterdam's Couperus neighborhood to be overhauled despite love for the old: "Terrible"
The Louis Couperus neighborhood in Amsterdam Nieuw-West will undergo a major ten-year renovation and demolition project starting in 18 months. Housing association Stadgenoot plans to increase the area...
Company behind Canvas reaches agreement with hackers and apologizes
Instructure, the American company behind the educational platform Canvas, has reached an agreement with hackers following a data breach last week. The hackers have returned the stolen data and reporte...
Dutch want less complaining about housing, but own parking spots remain sacred
A majority of Dutch people support shortening legal objection procedures to accelerate housing construction, according to research by ASN Bank. However, many residents remain concerned about preservin...
Amsterdam ditches expensive offices for mega-office for 20,000 civil servants opposite Amstel Station
Carbon tax to make gas and petrol more expensive from 2028: 'Help needed for the poorest'
Starting in 2028, a new European CO2 levy on natural gas and petrol is expected to increase monthly household expenses by tens of euros. The Netherlands Environmental Assessment Agency (PBL) warns tha...
Piqué punished again: fine for insider trading after suspension for outburst
Former professional footballer Gerard Piqué was fined 200,000 euros on Monday for insider trading. This penalty represents the second significant disciplinary action against him in a short period.
'Crowd-puller' Decathlon to open in Hoofddorp shopping center
Sports retail chain Decathlon is set to open a new branch in the Vier Meren shopping center in Hoofddorp this summer. The store is expected to be a major attraction for the local shopping area.
Tata fined again for excessive harmful emissions
Tata Steel has been fined 3.25 million euros for exceeding emission limits for carcinogenic polycyclic aromatic hydrocarbons (PAHs) at its aging coke plant. The penalty was imposed by the North Sea Ca...
123inkt ordered to pay dismissed executive over half a million euros in compensation
A Dutch court has ordered office supplies company 123inkt to pay more than €500,000 in severance to its former executive, Jan Vos. The judge ruled that the company failed to make sufficient efforts ...
Splitting Waternet nearly twice as expensive in latest estimate: from 26.3 million to 49.6 million
Theft of goods by employees remains the biggest form of corporate fraud. ‘Entire pallets disappear’
Internal theft by employees remains the most common form of corporate fraud, involving everything from small office supplies to entire pallets of goods. Although instances of petty theft are reportedl...
British Steel likely back in government hands for the first time since 1988
British Prime Minister Keir Starmer intends to nationalize British Steel following failed negotiations with the company's Chinese owner, Jingye. This move would bring the company, which employs nearly...
Geldezel die hoopte van zijn gokschulden af te komen, werd afgeperst: ’Ik heb heel vies gebruikgemaakt van een kwetsbare jongen’
Two suspects, aged 20 and 22, appeared in a Schiphol court for extorting a vulnerable young man who had agreed to act as a money mule to settle gambling debts. The victim's plan backfired when the sus...
COA has already paid 10 million euros in penalty payments for asylum centers
The Dutch Central Agency for the Reception of Asylum Seekers (COA) has incurred over 10 million euros in penalty payments to municipalities due to issues at its reception facilities. The majority of t...
Budget giants Temu and SHEIN face off in court
A legal battle between online fast-fashion retailers SHEIN and Temu begins this Monday in London. SHEIN accuses its competitor of copyright infringement on an industrial scale by allegedly stealing pr...
Migrants contributed significantly to Haarlem’s prosperity in the seventeenth century
Refugees and migrants played a crucial role in the history and economic prosperity of Haarlem, particularly during the seventeenth century. The article highlights that migration is a recurring phenome...
Vijlbrief: Cabinet to make proposal after union ultimatum
Dutch Minister of Social Affairs Hans Vijlbrief announced that the cabinet will present a proposal to bring labor unions and employers back to the negotiating table. This statement follows an ultimatu...