Economy News in English
Latest economy headlines from Dutch news, translated into English.
Westeinder campsite residents back in court: 'compensation too low'
Residents of Camping De Westeinder have returned to court in Haarlem to challenge the inadequate compensation offered by developer Kleen Estate for their forced relocation. Many residents rely on the ...
Cabinet to announce 'painful choice': which construction projects will be scrapped?
The Dutch government is set to announce the cancellation of several infrastructure projects due to a massive, 80 billion euro maintenance backlog. Decades of insufficient investment have left the nati...
Accell curators sell bicycle brand Sparta to e-bike company
The curators of the bankrupt Accell Group have sold the bicycle brand Sparta to the e-bike company Tenways. This transaction is part of a broader strategy to sell off Accell's remaining assets and bra...
Albert Heijn will not be delivering groceries for the rest of the week
Albert Heijn has suspended its grocery delivery services for the rest of the week due to ongoing technical issues from a recent cybersecurity incident. However, the supermarket chain confirmed that it...
Extremely intelligent and mentor to women: this CEO resolves the crisis at Albert Heijn
Margaret Versteden-Van Duijn is being recognized for her high intelligence and analytical skills as she manages a potential cyber crisis at Albert Heijn. Former colleagues highlight her leadership sty...
Global stock markets fall on AI concerns
Global stock markets have experienced significant declines driven by growing investor anxiety over debt levels and potential demand slowdowns in the artificial intelligence sector. Major indices, incl...
Petrol and diesel slightly cheaper, but prices remain high
Gasoline and diesel prices have risen significantly since February due to the ongoing Iran-US conflict and the blockade of the Strait of Hormuz. Analysts expect these high costs to persist for several...
Small business owners struggle: half do not pass on higher costs
Over half of small business owners in the Netherlands are absorbing rising costs instead of passing them to customers, leading to stalled investments and delayed business plans. Growing uncertainty re...
Harry Styles concerts in Arena caused inflation in the Netherlands to rise
Economists from De Nederlandsche Bank have linked a series of ten concerts by Harry Styles in Amsterdam to a rise in Dutch inflation during May. The high demand from international fans led to a signif...
Air France-KLM misses out: Lufthansa in talks for full takeover of TAP Air Portugal
Lufthansa is negotiating a full takeover of TAP Air Portugal after initially securing a 49.9 percent stake for 1.2 billion euros. This deal edged out Air France-KLM, which also aimed to acquire the ai...
Albert Heijn resumes deliveries of shelf-stable and fresh products to all stores
Albert Heijn has resumed deliveries of fresh and non-perishable goods to stores across the Netherlands following a recent supply chain disruption. While physical store inventory is improving, online o...
Banks must reimburse phishing victims within one working day, even if the customer made a serious mistake
The European Court of Justice has ruled that banks must immediately reimburse victims of phishing attacks by the end of the next working day, even if the bank suspects the client of gross negligence. ...
Apple becomes second company ever to be worth more than $5 trillion
Apple has become the second company in history to close a trading day with a market value exceeding 5 trillion dollars. This milestone arrives during a leadership transition as John Ternus prepares to...
Too Good To Go adds plants and shampoo to its magic boxes
The anti-waste platform Too Good To Go is expanding its 'Magic Box' offerings beyond food to include items like plants, shampoo, and home goods. Since its launch in the Netherlands eight years ago, th...
Liveblog cyber crisis at Albert Heijn | Many empty shelves remain and online orders down, but fresh produce stock slowly being replenished
Albert Heijn is experiencing ongoing product shortages and service disruptions due to a recent cybersecurity incident that forced the company to take its systems offline. While distribution centers ar...
AI company Anthropic sees revenue jump ahead of IPO
AI developer Anthropic has experienced a sharp increase in revenue, reporting 11.6 billion dollars in the second quarter and achieving adjusted profitability in the third. The company is preparing for...
Navigation company TomTom cuts about 200 jobs
Navigation company TomTom is eliminating approximately 200 jobs as part of a restructuring effort to streamline management and improve operational agility. The company is pivoting its focus toward aut...
Many freelancers find new jobs in other sectors
The number of self-employed professionals in the Netherlands decreased by 131,000 between late 2024 and mid-2026 as more individuals exited the sector for traditional employment. Many of these former ...
Money has to come from somewhere in Brussels: new European taxes firmly on the table
Brussels is proposing new levies on plastics, carbon emissions, and parcel deliveries to generate independent revenue for the European Union. Critics argue these measures could act as a gateway to cen...
Trend break: after 20 years, the number of freelancers is suddenly falling sharply, and they are quickly finding permanent jobs
The number of self-employed workers in the Netherlands has declined sharply for the first time in twenty years, largely attributed to stricter tax enforcement against disguised employment. Most of the...
Number of creditors of bankrupt hardware wholesaler continues to rise, and that is far from all
Hardware wholesaler GS Interfer has seen its creditor list grow to 107 parties, with total debts exceeding 7 million euros. Following three years of consistent financial losses and operational failure...
Netherlands wants to save emergency oil reserves, but pressure to release more grows
The Netherlands is resisting international pressure to release additional strategic oil reserves, arguing that these should be used only for severe supply crises rather than managing global prices. Wh...
Pieter's warning about empty shelves came true, but: 'Was surprised they had no backup'
Researcher Pieter Zwaan predicted potential food supply chain issues in the Netherlands earlier this year. His warnings were confirmed on Monday when Albert Heijn stores quickly faced empty shelves, h...
US states sue OpenAI over harm to children
Multiple American states are suing OpenAI, alleging that ChatGPT encourages self-harm and provides dangerous advice to children. These lawsuits argue that the company is misleading the public and fail...
Empty shelves show the Netherlands is poorly prepared for a major cyber threat
A recent IT incident at Albert Heijn exposed the Netherlands' susceptibility to cyber threats, leading to calls for improved digital resilience and better contingency planning. Experts urge organizati...
IT issues at Albert Heijn cause extra pressure at Picnic, run by Ahold CEO’s brother: ‘No tension between us’
Online supermarket Picnic has seen a surge in orders due to a cyber incident affecting competitor Albert Heijn. Founder Michiel Muller, brother of the Ahold Delhaize CEO, confirmed that the company is...
Daycares and the elderly do their own grocery shopping, AH competitors benefit
A cyber security incident at Albert Heijn has halted grocery deliveries, forcing childcare centers and elderly residents to shop at physical stores or switch to competitor services. The resulting surg...
Netflix cuts around 1,000 jobs, 6 percent of global workforce
Netflix is cutting about 1,000 jobs, or 6 percent of its global workforce, due to slowing company growth. The layoffs will mainly impact the technology, product, legal, and human resources departments...
Municipality, our local market in the Kinkerbuurt needs clarity to survive
A local volunteer organizer is calling on the municipality of Amsterdam to provide clarity regarding the future of neighborhood funding, which is essential for maintaining community initiatives like t...
Albert Heijn has not filed a report regarding cyber incident, Public Prosecution Service invites supermarket to do so
Albert Heijn has not yet filed a formal police report following a significant cyberattack, leaving the Public Prosecution Service unable to launch a criminal investigation. While the company works to ...