Economy News in English
Latest economy headlines from Dutch news, translated into English.
Employers reject mandatory work-from-home day: 'A difficult puzzle'
The European Union is considering a proposal to mandate at least one day of remote work per week for employees in member states to mitigate the energy crisis. Dutch employers have voiced opposition to...
Kallas hopes for positive decision on EU loan to Ukraine on Wednesday
EU foreign policy chief Kaja Kallas expects a positive decision this Wednesday regarding a 90 billion euro loan for Ukraine. Speaking in Luxembourg, Kallas emphasized that Ukraine urgently needs the f...
Security firm warns of crypto scams in Strait of Hormuz
A security company is warning shipping firms of potential cryptocurrency scams near the Strait of Hormuz. Fraudsters are reportedly promising safe passage through the region in exchange for bitcoin pa...
Listening in at Essent’s swamped customer service: ‘Fear that energy will become even more expensive’
Reporter Ton Voermans visited Essent's customer service department, which is experiencing a surge in calls from consumers concerned about the ongoing energy crisis. Many callers are seeking fixed cont...
KLM cancels flights to Saudi Arabia for another month
KLM has extended the suspension of its flights to Riyadh and Dammam in Saudi Arabia until June 14. The airline had previously scheduled to resume operations on May 16, but has now pushed that date bac...
Indoor golf on the rise: "Golf used to be an old man's sport, this is more affordable"
Indoor golf is gaining significant popularity in Amsterdam as a more accessible and affordable alternative to traditional golf, especially among younger players. While some traditionalists still prefe...
UK relaxes solar panel and EV charger rules due to Iran war
The British government is introducing a plan to simplify the installation of solar panels and charging stations to stimulate renewable energy production. This initiative aims to reduce the country's d...
'Affordable' homes are out of reach for low-income earners
New owner-occupied homes classified as affordable by the government are often only accessible to individuals with high incomes. Consequently, low-income house hunters remain dependent on the rental ma...
Student union to municipalities: relax room rental rules
The National Student Union (LSVb) is calling on Dutch municipalities to relax room-sharing regulations to address the ongoing student housing shortage. A study of fifteen cities, including Amsterdam, ...
Red Cross sees more people struggling with energy costs
The Dutch Red Cross warns that an increasing number of people are facing financial hardship due to rising energy and fuel costs. Despite government measures, the organization reports that many individ...
Japan lifts post-war restrictions on arms exports
Japan has announced the removal of decades-old restrictions on weapon exports, allowing for the sale of military equipment to friendly nations. Prime Minister Sanae Takaichi introduced the policy chan...
Mass claim against Odido explodes: over 200,000 sign-ups on first day
More than 200,000 people have joined a mass claim against telecom provider Odido within the first day of its launch. The collective legal action follows a significant data breach that affected the com...
Our economy grew faster than neighboring countries last year
The Dutch economy grew by 1.8% last year, outperforming neighboring countries primarily due to increased consumer spending. While households had more disposable income to support this growth, many ind...
Italian woman (33) scammed out of €4,400 over Amsterdam rental: ‘I have no rights in this country’
Daniela Masciari, a 33-year-old Italian woman, was scammed out of nearly €4,400 after paying a fraudulent realtor for a rental property in Amsterdam that was already occupied. After being turned awa...
Dutch drivers not flocking across the border for fuel: ‘Effect much smaller than expected’
A study by ABN Amro reveals that only a small percentage of Dutch drivers regularly cross the border to Belgium or Germany for cheaper fuel despite high domestic prices. The findings suggest that the ...
UN: Gaza needs $71.4 billion for recovery
A United Nations and European Union report estimates that the reconstruction of Gaza will cost $71.4 billion over the next decade. The analysis indicates that $26.3 billion is needed within the first ...
Higher petrol prices drive more border region motorists to Belgium
Higher fuel prices in the Netherlands, which are up to 55 cents more per liter than in Belgium, are driving motorists in border regions to refuel across the border. This price disparity has resulted i...
Schools sound the alarm over homeless students: ‘Children are being destroyed’
Schools in the Netherlands are reporting an increasing number of homeless students who are suffering due to the ongoing housing shortage. According to data from the Youth Education Fund, teachers are ...
Milieudefensie launches new climate lawsuit against Shell over oil and gas fields
Milieudefensie has launched a new climate lawsuit against Shell, demanding that the company stop drilling for new oil and gas fields. This legal action follows a recent appeal in a previous case where...
Apple CEO Tim Cook steps down and is succeeded by John Ternus
Tim Cook is stepping down as CEO of Apple and will be succeeded by John Ternus in September. Ternus currently serves as the head of the company's hardware division.
Rat poison put in baby food in attempt to extort German manufacturer
Rat poison found in HiPP baby food jars was intentionally added as part of an extortion attempt against the German manufacturer. The Austrian police issued a public warning regarding the contaminated ...
Government insists no one is profiting from sky-high fuel prices
The Dutch cabinet maintains that neither oil companies nor the national treasury are profiting from high fuel prices. Consequently, the government has decided against implementing measures to skim off...
After King's Day 'extreme disruption' around A10 South and at South station
Major traffic and train disruptions are expected around Amsterdam's A10 South and Station Zuid following King's Day due to construction on the Zuidasdok project. Commuters face significant lane closur...
Experts highly critical of government welfare cuts
Experts in the Dutch House of Representatives criticized a government plan to cut social assistance funding by reducing proactive outreach to eligible individuals. The cut was intended to offset a def...
Dangerous substances found in products promising a better sex life
The Netherlands Food and Consumer Product Safety Authority (NVWA) has issued a warning after discovering dangerous substances in products marketed to enhance sexual performance. These substances pose ...
Cabinet explains in fine print why it is avoiding major interventions for now
The Dutch cabinet is opting for targeted measures like subsidies and tax cuts to manage the energy crisis instead of implementing large-scale interventions. This approach aims to address the situation...
Online gambling market shrinks due to stricter rules, but illegal gambling rises
The Dutch online gambling market has seen a decline in revenue following the implementation of stricter play limits, according to the Netherlands Gambling Authority (Ksa). While legal gambling activit...
Energy companies support government energy measures
Dutch energy companies, represented by industry association Energie-Nederland, have expressed support for the government's recently announced energy measures. The association praised the focus on sust...
Delay of 150 youth housing units over a single parking space leads to new setback as construction costs rise
The construction of approximately 150 youth apartments along the Spaarndamseweg in Haarlem has been delayed due to a parking space shortage, resulting in higher rents to cover increased building costs...
Transport sector dissatisfied with government support package
The Dutch transport sector, represented by TLN, has criticized the government's support package for high fuel prices as being insufficient to cover rising costs. Although road taxes for trucks will be...