Economy News in English

Tata Steel must pay two 100,000 euro fines within a month for raw coke production

KPN sees number of mobile customers grow

Dutch telecommunications company KPN reported an increase in its mobile and broadband customer base during the last quarter. The growth occurred across both consumer and business sectors.

First 'brutally hot day' in Japan: men allowed to wear shorts to work

Japan has recorded its first official 'gruwelijk hete dag' (horribly hot day) as temperatures soared above 40 degrees Celsius. In response to the extreme heat, authorities have advised employees to we...

Staffing firm Randstad sees market recover and posts higher revenue

Employment agency Randstad reported increased revenue in the second quarter, driven by growth in North American and European markets. CEO Sander van 't Noordende noted that the Dutch market remains st...

Rise in home prices slows, but houses remain expensive

The price increase for owner-occupied homes in the Netherlands slowed down in June compared to previous months, although prices remain high. Meanwhile, an increase in home sales suggests growing activ...

Brabant admits communication errors regarding revocation of farmers' permits

The province of Noord-Brabant has issued an apology for the poor communication regarding the planned revocation of nature permits for five livestock farmers. Officials acknowledged that the notificati...

Blockade of Strait of Hormuz could lead to global recession

The global economy risks a recession if the Strait of Hormuz remains closed due to ongoing tensions between Iran and the United States. This situation threatens to increase costs for consumers in the ...

Chip stocks recover on stock market after weeks of heavy losses

Chip companies Besi, ASMI, and ASML saw a strong recovery on the stock market on Tuesday following several weeks of significant losses. This upward trend in technology stocks was also observed across ...

Swiss grounds two pilots for drinking before flight

Swiss International Air Lines has suspended two pilots after they were found to be under the influence of alcohol before a flight from Geneva earlier this year. The airline confirmed the disciplinary ...

Novo Nordisk sues competitor Eli Lilly over misleading advertising

Danish pharmaceutical company Novo Nordisk has filed a lawsuit in the United States against its competitor Eli Lilly. The company alleges that Eli Lilly's advertisements for the weight-loss injection ...

Number of people on unemployment benefits in Haarlem rises for third consecutive year

For the third consecutive year, the number of unemployment benefits in Haarlem has increased, according to new data from the UWV. By the end of June, the city recorded its highest number of unemployme...

New sustainable icon on the Meuse: Rotterdam adds a rock formation

A new architectural project in Rotterdam will feature a structure resembling rock formations along the banks of the Meuse river. This sustainable site is designed to serve as a hub for inspiration, di...

Gas prices rise due to Middle East unrest

European gas prices have surged by over 20 percent in the past week, reaching their highest level since mid-March. This increase is driven by growing concerns over supply security ahead of winter due ...

Why customers are reacting so fiercely to a changed cheese roll at Albert Heijn: ‘It creates a feeling of loss of autonomy’

Supermarket chain Albert Heijn is reformulating its cheese pastry recipe following significant customer complaints about the change in taste. A consumer psychologist notes that such reactions often st...

Mercedes wants US to ease rules on sales of Chinese cars

Mercedes-Benz is lobbying the United States to relax proposed regulations that would restrict the sale of Chinese-made vehicles. The German automaker is impacted by these potential rules because it is...

Parasite outbreak causes significant drop in Taco Bell visitors

Taco Bell is experiencing a significant decline in visitor numbers in the United States following a parasite outbreak linked to contaminated iceberg lettuce. Authorities have identified a supplier of ...

Netherlands bans products from illegal Israeli settlements

Starting September 22, the Netherlands will implement a ban on trade involving products originating from illegal Israeli settlements in the West Bank. This measure follows a May announcement made afte...

Deutsche Bahn wants alcohol ban at German stations following incident with employee

The German railway operator Deutsche Bahn intends to implement an alcohol ban across its approximately 5,400 stations starting October 15. This decision follows recent security incidents and builds up...

Gas station owners must either close or expand their shops: ‘And not by choice’

Local gas station owners in the Netherlands are facing financial pressure, with industry organization Bovag advising them to either significantly expand their shops or convert to unmanned stations to ...

Foundation demands millions from ACM over Flexenergie bankruptcy

A foundation is suing the Netherlands Authority for Consumers and Markets (ACM) for at least 15.7 million euros on behalf of former Flexenergie customers. The claim alleges that the regulator failed t...

Over half of Dutch entrepreneurs feeling impact of Middle East conflict

More than half of Dutch entrepreneurs are experiencing negative impacts from the conflict in the Middle East. Rising costs for energy, transport, and procurement, combined with increased economic unce...

Judge temporarily halts Paramount's acquisition of Warner Bros.

A court has temporarily halted the merger between Warner Bros. Discovery and Paramount following a request from twelve US states. The states argue that the multi-billion dollar deal could negatively i...

US announces new 50 percent tariffs on Canadian products

United States President Donald Trump signed an executive order on Monday to impose a 50 percent tariff on various Canadian products. This new policy marks a significant change in trade measures affect...

Diesel price rises faster than gasoline due to shortages and oil supply unrest

Diesel prices in the Netherlands have risen significantly faster than gasoline prices over the past two weeks due to tight market conditions and instability in oil supply. This increase is expected to...

Fewer Dutch apples on shelves this year, but more pears

Dutch fruit growers anticipate a significant decrease in this year's apple harvest compared to last year. Conversely, the pear harvest is expected to be more abundant than in the previous season.

Sophie from Rotterdam wins Scorito World Cup pool: 'I don't actually know anything about football'

Sophie Kronenburg, a 28-year-old woman, unexpectedly won the Scorito World Cup betting pool by outperforming thousands of other participants. Despite claiming to have little knowledge of football, she...

Truck ban on Merwede Bridge costs transport sector 1.5 million euros daily

A truck ban on the Merwede bridge near Gorinchem forces approximately 18,000 trucks to take detours daily, causing significant delays. The transport sector estimates these diversions cost 1.5 million ...

What we suspected is true: refineries and oil companies are profiting from expensive diesel and gasoline

Oil companies and refineries are significantly increasing their profits amid the global Iran crisis by leveraging fluctuating oil prices. This financial gain comes directly at the expense of motorists...

ACM: motorists can save significantly by choosing a different gas station

The Authority for Consumers and Markets (ACM) in the Netherlands has reported that motorists can save significantly by comparing fuel prices. Their analysis found that prices for gasoline and diesel c...

Ryanair says planes are safe after man was sucked out of aircraft window

Ryanair has issued a statement confirming the safety of its aircraft following an incident where a passenger was pulled through a plane window during a flight. The airline has initiated contact with t...