Economy News in English
Latest economy headlines from Dutch news, translated into English.
End of cheap energy? Why recovery from this crisis could take a long time
Rising oil and gas prices in Europe have sparked concerns about a prolonged energy crisis driven by the region's dependency on external supplies. Experts suggest the current situation is unprecedented...
Cuba hit by second nationwide blackout in a week
Cuba experienced its second nationwide power outage in less than a week on Saturday, according to the country's Ministry of Energy. The island is currently grappling with a severe energy crisis, which...
Trump threatens Iran with attack on power plants
US President Donald Trump has threatened to strike Iranian power plants if the Strait of Hormuz is not reopened within 48 hours. Iran blocked the strategic waterway following US-Israeli attacks, resul...
Crisis secretly suits Jetten quite well
The Dutch cabinet expects to gain support for unpopular budget cuts in healthcare and unemployment benefits despite current opposition. The shift in political leverage is attributed to the expanding w...
Healthcare workers hit hardest by high fuel prices as travel allowances fall short
Healthcare workers and transport-related entrepreneurs in the Netherlands are facing financial strain due to high fuel prices and inadequate travel reimbursements. Trade unions highlight that many emp...
Full-page ad for alternative Tata site plan
A group of entrepreneurs has published a full-page advertisement calling for an end to state aid for the Tata Steel factory. They urge the government to consider alternative plans for the site instead...
Tax filing is becoming easier, but not everyone dares to do it without help
Tax returns in the Netherlands have become significantly simpler with many details now pre-filled, yet many citizens still seek professional assistance. This reliance on advisors is primarily driven b...
Diesel price nears 2.70 euros per liter, up nearly 60 cents since Gulf War
Diesel prices at gas stations in the Netherlands continued to rise on Saturday, with the average suggested price nearing 2.70 euros per liter. This increase is attributed to the ongoing conflict in th...
Indian PM Modi speaks with Iranian President Pezeshkian
Indian Prime Minister Narendra Modi met with Iranian President Masoud Pezeshkian to discuss ongoing conflict in the Middle East. Modi condemned attacks on infrastructure and emphasized the necessity o...
Drenthe calls for decisive approach to earthquake damage
The province of Drenthe and several municipalities have issued an urgent call to the Dutch government for a more vigorous approach to addressing earthquake damage. In a letter to the State Secretary f...
War in Iran drives up prices and hits our economy harder than expected: We see a very bad scenario unfolding
The escalating conflict in Iran is significantly impacting the Dutch economy, leading to rising inflation and the threat of economic stagnation. Experts warn that the current situation could be more s...
Expensive fuel, so lower the excise duty? 'We really need to make people resilient'
Economists are advising against lowering gasoline excise duties despite rising prices, arguing that such broad tax cuts do not effectively target those most in need. Instead, experts suggest that poli...
US temporarily allows sale of Iranian oil in tankers at sea
The United States has temporarily authorized the sale of Iranian oil currently stored in tankers at sea to address rising global fuel prices. This decision marks a brief suspension of heavy sanctions ...
Screen Time | Men go crazy for likes in Louis Theroux's documentary
Tech reporter Rutger Otto reviews the Netflix documentary "Louis Theroux: Inside The Manosphere" in his weekly column. The film explores the behavior of men within online communities who seek validati...
From 'Do we have money to spare?' to 'it brings cooling to the city': Haarlem deeply divided over restoring filled-in canals
A poll regarding the restoration of water to Haarlem's filled-in canals resulted in a nearly equal split among 1,135 respondents. The "disagree" camp won by a single vote, reflecting deep public divis...
Which energy contract is best right now and how to keep costs under control
Rising energy and fuel prices are impacting consumers as the war with Iran disrupts global oil production and transport. The article explores strategies for managing household energy costs and selecti...
Healthcare providers struggle to find practice space in the city
Healthcare providers in Amsterdam, including general practitioners and social services like HVO-Querido, are struggling to find affordable practice spaces due to rising real estate prices. This shorta...
Musk misled Twitter shareholders with misleading tweets during takeover
A San Francisco jury ruled that Elon Musk intentionally misled Twitter shareholders with critical tweets during his 2022 takeover of the social media platform. The court found that Musk's actions prio...
It's raining free money in Groningen
Residents in the province of Groningen are filing mass claims for mining damage attributed to gas extraction despite national budget cuts to healthcare and pensions. Reports indicate that many of thes...
Customers travel from far and wide to Budget Food in Beverwijk: 'They sometimes save forty euros a week on groceries'
Budget Food in Beverwijk's Wijkerbaan shopping center attracts customers from across the province of North Holland by selling surplus supermarket goods at significant discounts. Shoppers report saving...
Iran discusses Strait of Hormuz access with Japan
Iranian Foreign Minister Abbas Araghchi has stated that Iran is willing to allow Japanese vessels to navigate the Strait of Hormuz. The remarks were made during an interview with Japan's Kyodo news ag...
German gas station displays wrong diesel price, customers want to fill 1,000-liter tanks
A pricing error at a gas station in Bünde, Germany, caused long queues overnight after diesel was mistakenly listed at just 1.20 euros per liter. Dozens of drivers flocked to the station to take adva...
Qatar expects gas production to restart only months after war
Qatar's energy minister stated that repairs to the country's largest gas field can only begin once the conflict with Iran concludes. The restoration process is expected to take several months before g...
Fuel app usage explodes: Dutch flock to cheapest gas stations
Usage of fuel price comparison apps has surged in the Netherlands as citizens seek cheaper gas stations following price hikes linked to the Iran conflict. Despite the increased costs, road traffic rem...
US government wants money back from Harvard University
The U.S. government has initiated legal proceedings against Harvard University to recover billions of dollars in federal tax money. The lawsuit seeks to reclaim public funds from the prestigious insti...
Uitgeest updates real estate agents, mortgage advisors and installers
The municipality of Uitgeest is planning to phase out natural gas in its neighborhoods as part of a sustainable energy transition. Local real estate agents, mortgage advisors, and installers are being...
New Chinese retail giant Joybuy promises everything, but isn't delivering yet
Chinese retail giant JD.com has launched its Joybuy platform in the Netherlands, offering a wide range of products from groceries to electronics. Despite the launch, retail experts remain skeptical ab...
Asylum seekers likely to stay allowed to work after three months
Asylum seekers in the Netherlands with a high probability of being granted residency will be permitted to start working after three months, halving the current six-month waiting period. This policy ad...
Ministry experiments with European alternative to WhatsApp
State Secretary Willemijn Aerdts has launched a small-scale experiment within the Dutch government to test a European alternative to messaging services like WhatsApp and Signal. The initiative aims to...
Cabinet also fears 'energy crisis' but is not yet intervening: this is why
The Dutch government is closely monitoring a potential energy crisis triggered by unrest in the Middle East but has opted not to intervene at this time. Officials are currently avoiding financial meas...