Economy News in English
Latest economy headlines from Dutch news, translated into English.
Judge rules against Camille van Gestel: entrepreneur found to have €120,000 in income
A Dutch judge has denied entrepreneur Camille van Gestel access to 150,000 euros for his appeal in the face mask scandal due to a lack of financial transparency. The court discovered undisclosed asset...
Work continues day and night at Heemskerk beach: 400,000 cubic meters of extra sand to keep feet dry as ‘the Netherlands gets smaller’
Approximately 400,000 cubic meters of sand have been added to the beach at Heemskerk after two weeks of intensive work. This coastal reinforcement project aims to maintain the shoreline and protect th...
Cabinet: 100 million euros to compensate firework traders
The Dutch government has allocated 100 million euros to compensate business owners affected by the upcoming fireworks ban. State Secretary Annet Bertram announced the financial support package to the ...
Investors' association VEB slams Philips management over apnea scandal: 'One of the biggest damages in history'
During the annual shareholders' meeting, the investors' association VEB sharply criticized Philips' management over its handling of the defective sleep apnea device scandal. Representing more than 25,...
How long will Yesilgöz's promises hold up?
As the parliamentary recess concludes, the Dutch cabinet aims to transition from a difficult start to establishing concrete policies. The role of trade unions is expected to be a critical factor in th...
High demand for Rheinmetall air defense systems in the Middle East
German defense company Rheinmetall reports a significant increase in demand for its air defense systems in the Middle East since the outbreak of war. The company aims to double the number of systems d...
Peter Gillis appeals tax fraud verdict
Reality star Peter Gillis is appealing a court sentence of eighteen months in prison and a €1.3 million fine for tax evasion. The ruling, issued by a court in Den Bosch, includes a six-month suspend...
Airline passengers retain right to compensation for cancellations due to high fuel costs
The European Commission has ruled that passengers are still entitled to compensation, refunds, or rebookings if their flights are canceled because of high fuel prices. High kerosene costs are not a va...
Milieudefensie should be happy its leader Donald Pols is joining Tata Steel
Donald Pols, the former leader of the environmental organization Milieudefensie, is transitioning to a position at Tata Steel. The article invites readers to participate in a poll regarding whether th...
No refund for people who did not object to Box 3 tax
The Advocate General has advised that taxpayers who failed to formally object to the box 3 levy are not entitled to a refund for overpaid taxes. If the Supreme Court adopts this recommendation, those ...
'I just want to work and earn my own money': work-study program offers new opportunities
The Amsterdamwerkt! program provides Amsterdam residents with step-by-step guidance and work-study opportunities to secure paid employment. By focusing on sectors that match individual skills, the ini...
More camping vehicles on the road, caravans especially popular
Caravan registrations in the Netherlands rose by 18 percent in March and April compared to the previous year, with 2,152 new units registered. According to industry organizations KCI and BOVAG, the su...
Beware of AI companies, expert warns: ‘They are preying on our data to feed their systems’
Former MEP Marietje Schaake warns of the growing influence and data collection practices of AI companies in her new book, The Power Code. She argues that these corporations aggressively seek user data...
Pump prices fall further after drop in oil prices
Fuel prices at gas stations continued to decline on Friday following a drop in global oil prices. The decrease is attributed to hopes for a resolution in the Middle East conflict after reports that Ir...
Bargain hunters lured by 90 percent discounts at Fonq, but it turns out to be a trap
Scammers are using fake advertisements on TikTok and Instagram to lure bargain hunters with claims of 90 percent discounts due to a supposed bankruptcy of the webshop Fonq. The Dutch Fraudehelpdesk ha...
Netherlands-based company behind taxi app fined 100 million euros for leaks to Russia
The Netherlands-based company MLU, which operates the taxi app Yango in Norway and Finland, has been fined 100 million euros for insufficient security when transferring user data to Russia. The fine f...
Painful for Nintendo and a blow for fans: Switch 2 to be slightly more expensive
Nintendo is increasing the price of the Switch 2 in Europe by approximately 30 euros, bringing the total cost to 500 euros. Additionally, the company expects to sell fewer units this year compared to ...
Reaal customers agree to investment insurance settlement; payouts can begin
Over 90 percent of Reaal customers involved in the usury policy claim have accepted a personal compensation settlement. This agreement allows for the finalization of the deal and the payout of tens of...
Heavily secured transport full of valuables from Municipal Pawnshop
On Sunday, April 19, a heavily secured transport moved 45,000 valuable items from the Stadsbank van Lening's Bijlmerplein branch in Amsterdam to other locations. The operation, which involved police e...
Toyota expects lower profit due to Middle East unrest
Toyota expects its profit for the current fiscal year to decrease by 20% due to supply chain disruptions and rising costs. The Japanese automaker cited the ongoing conflict in the Middle East as the p...
More than half of job postings say nothing or are vague about salary
Data from job site Indeed reveals that only 48 percent of job vacancies currently provide a salary indication, despite approaching European transparency regulations. Salary information is particularly...
US court: Trump's import tariffs illegal
A U.S. trade court has ruled that President Donald Trump's 10 percent import tariffs on the majority of goods entering the country are illegal. The decision issued on Thursday marks a significant lega...
Trump gives EU until July 4 for trade deal, threatens tariffs
US President Donald Trump has issued a deadline of July 4 for the European Union to implement a trade deal with the United States. He threatened to increase import tariffs on the trade bloc if the agr...
Harrods compensates dozens after abuse by businessman Al Fayed
British department store Harrods has compensated more than 75 victims following sexual abuse allegations against its late owner, Mohamed Al Fayed. The individuals received full compensation after fili...
Tense two-week wait for Tomassen Duck-To: Judge holds fate of duck slaughterhouse in their hands
Tomassen Duck-To is currently in a legal dispute with the municipality of Ermelo regarding its operating permits. A judge is expected to rule within two weeks, which will determine if the duck slaught...
Nostalgic Nibb-it rings discontinued: 'Our childhood'
Cheetos has announced it is discontinuing its iconic Nibb-it chip rings in natural, salami, and curry flavors. The manufacturer noted that while generations grew up with the snack, they are now removi...
Shareholders profit from high oil prices, motorists pay the bill
Surging oil prices linked to tensions between Iran and the U.S. have led to record profits for major oil companies, including Shell, BP, and Total. The significant earnings growth has prompted calls f...
Nearly 30 municipalities considering fat bike ban, some waiting for national policy
A survey of Dutch municipalities reveals that nearly 30 local governments are considering a potential ban on fatbikes. While some municipalities are exploring local measures, others are currently wait...
McDonald's reports higher Q1 profit driven by larger burgers
McDonald's reported an increase in global profits and sales for the first quarter of the year. The fast-food giant attributed this growth to the popularity of larger burgers and special promotional it...
Dutch use cars more often despite high fuel prices
Recent data from mobility consultancy Goudappel shows that Dutch residents are driving more frequently despite high fuel prices. While car usage has increased, many drivers are increasingly choosing t...