Economy News in English

Eline (30) earns 2,650 euros and has a student debt of 50,000 euros: ‘I don’t want moving in together to be purely a financial choice’

US takes far-reaching economic measures against Iran

U.S. Treasury Secretary Scott Bessent announced that the United States is launching an economic offensive against Iran. The measures also extend to any nations that assist Iran with money laundering a...

Pride dominates in Zandvoort, door remains always open for Grand Prix return

Following the conclusion of the final Formula 1 event in Zandvoort, Mayor David Moolenburgh expressed pride in the positive impact the races had on the town's infrastructure and image. While no furthe...

Bijenkorf webshop fully operational weeks after cyberattack

The Bijenkorf webshop has returned to full functionality following a cyberattack at a logistics partner earlier this month. The incident had previously caused temporary ordering issues for many produc...

Schiphol security staff to hold first work stoppages on Tuesday and Wednesday

Schiphol security staff begin strikes: first walkouts on Tuesday and Wednesday

Security staff at Schiphol Airport are launching a series of short work stoppages on Tuesday and Wednesday to protest against high workload levels. The planned actions consist of fifteen-minute strike...

Almost a quarter of cars sold are already 16 years or older: why used cars are so popular

Nearly a quarter of all cars sold in the Netherlands last year were sixteen years old or older, marking a record high. Experts are analyzing why these older vehicles have become increasingly popular a...

Smaller products reappear in supermarkets without price drops

The Dutch Consumers' Association found that dozens of supermarket products decreased in size last year without a corresponding price reduction. While manufacturers often attribute these changes to imp...

Potential buyers know Ajax needs to offload certain players

Italy to fine pedestrians for crossing while using mobile phones

The Italian Ministry of Transport plans to introduce fines for pedestrians who use their mobile phones while crossing the street. This measure is intended to improve road safety by reducing dangerous ...

Singapore wants more babies and allocates nearly 50,000 euros per child

To combat a declining birth rate, the Singaporean government is introducing a financial incentive of nearly 50,000 euros for every newborn child. This funding will be distributed incrementally rather ...

Labor Inspectorate imposes 316,875 euro fine on luxury gym Saints & Stars

Dutch Consumers' Association still finds dozens of examples of shrinkflation: ‘Persistent problem’

The Dutch Consumers' Association, Consumentenbond, reports that 'shrinkflation' remains a persistent issue in supermarkets. Manufacturers continue to reduce product package sizes while keeping prices ...

Gold has not been this expensive in three months

The price of gold has reached its highest level in over three months. This increase follows the announcement of intervention measures by the US Department of the Treasury in the government bond market...

Millions of Tesla vehicles recalled in China over door handle issue

Chinese authorities have ordered the recall of nearly 3 million Tesla vehicles and 1 million other electric cars due to safety concerns regarding flush door handles. The design is deemed problematic f...

More than 1.7 million cars sold or changed owners last year

In the Netherlands, more than 1.7 million cars were sold or changed ownership last year, an increase compared to the 1.67 million recorded in 2024. Data indicates that individuals within the second-hi...

Shein to go public on September 1, company aims to raise over 1.5 billion euros

Online retailer Shein is planning to launch an initial public offering on the Hong Kong Stock Exchange on September 1. The company aims to raise approximately 1.5 billion euros through this stock mark...

Renovations are no solution to housing shortage, says Economic Institute for Construction

The Economic Institute for the Construction Industry (EIB) reports that the government's policy of converting existing buildings into housing will not effectively address the housing shortage. The stu...

New head of Horeca Nederland wants to cap Amsterdam tourist tax: ‘We are asking the cabinet to set a limit’

When Ingrid shares the real reason she's looking for a new job on LinkedIn, her former employer calls

Ingrid, a 54-year-old employee, faces the loss of her job after 31 years at a family business. She expresses frustration over feeling forced to hide the true circumstances of her departure while seeki...

TikTok's European division posts first profit despite high legal costs

TikTok's European division achieved its first annual profit last year due to significant user growth. However, the company also allocated over $1 billion to cover legal costs and potential fines.

Investigation into deceptive pricing tactics in the traditional taxi industry

The Dutch cabinet is launching an investigation this autumn into a deceptive pricing practice in the traditional taxi industry. Drivers at taxi stands are reportedly refusing fares to coerce customers...

Some students stop looking due to persistent shortage of student rooms

As the new academic year approaches, many students in the Netherlands are struggling to find housing due to a persistent shortage of student rooms. The situation has become so dire that some prospecti...

From money stress to angry reviews: six things novice B&B owners underestimate

Starting a bed and breakfast is a common dream but comes with significant challenges that many new owners underestimate. Hanny Arens, chair of Stichting Bed and Breakfast Nederland, identifies six pot...

Trump made more than a thousand stock trades in June

In June, U.S. President Donald Trump executed over a thousand stock and investment transactions. This high volume of activity has raised concerns regarding potential conflicts of interest.

The greenhouse | Water boards forced to improvise during drought

Climate reporter Jeroen Kraan discusses the increasing strain on the Dutch water management system due to persistent drought conditions. Water boards are currently implementing temporary measures, but...

Mayor Moolenburgh reflects on 6 years of the Zandvoort Grand Prix

Mayor David Moolenburgh reflected on the success of the Formula 1 Grand Prix in Zandvoort as the event approaches its final years. The Dutch Grand Prix is scheduled to conclude after 2026, as organize...

Frontrunners | This machine can still recycle 'worthless' plastic waste

As part of the 'Koplopers' series, NU.nl is highlighting sustainable projects that provide insight into the future. This week features a machine capable of recycling plastic waste that was previously ...

Streamers beg for money on TikTok, and it works: ‘You pay to go to the movies, don’t you?’

A growing trend on TikTok involves viewers sending digital gifts to streamers, creating an economy where users provide financial support for entertainment. While some streamers defend these payments a...

Over 200 damage reports following earthquake in North Groningen

More than 200 reports of property damage have been filed with the Instituut Mijnbouwschade Groningen following a recent earthquake in northern Groningen. The organization is currently processing these...