Economy News in English

Belgian coalition clashes over NATO target

The Belgian government coalition is currently divided over the timeline for meeting NATO's defense spending targets, as some parties seek to delay increases to avoid budget cuts in other sectors. Defe...

Significantly fewer passengers at Frankfurt Airport due to Lufthansa strikes

Frankfurt Airport experienced a significant decline in passenger numbers in April compared to the previous year due to multi-day strikes by Lufthansa pilots and cabin crew. The industrial action led t...

Kennemer Golf Club slams 'incorrect' distribution of lottery funds, but KLM Open will proceed next year

The Kennemer Golf & Country Club has criticized a lottery-based sports subsidy distribution that is expected to provide less funding than budgeted. Despite these financial concerns, club manager Harro...

City pass in Haarlemmermeer can simplify and improve low-income policy. External agency: 'Lowers barriers for sports, culture and social activities'

A report by consultancy Medialect suggests that introducing a city pass for low-income residents in Haarlemmermeer would effectively simplify the municipality's social welfare policies. The study indi...

Dozens of Gall & Gall stores closed due to strike, union calls it a ‘paltry offer’

Schiphol security guards sound alarm: workload sky-high and safety under pressure

Security guards at Schiphol Airport, represented by the FNV union, are sounding the alarm over excessive workloads and a failing safety culture. Employees report that the high pressure is affecting th...

Ben (of Ben & Jerry’s) wants to ‘free’ his ice cream brand: ‘They no longer dare to speak out against Trump’

Ben Cohen, the founder of Ben & Jerry’s, has expressed a desire to buy back the ice cream brand, claiming that its social activism has been stifled under corporate ownership. While Cohen argues the ...

World Cup in US seems to deter rather than attract tourists

A poll of the US hotel industry reveals that most hotels in World Cup host cities have fewer bookings compared to a typical summer without the tournament. High ticket prices and global conflicts are c...

Two employees, 46.2 million in assets – mega fine for secretive taxi app exposes link between Russia and Amsterdam’s Zuidas

Transavia cuts costs due to high fuel prices, does not rule out job losses

Transavia is implementing millions in additional cost savings due to the rising price of aviation fuel. The airline has confirmed it cannot rule out potential job losses as a result of these financial...

Empty bottles? Why returning your cans is now even better for your wallet

Returning empty PET bottles and cans in the Netherlands now provides an opportunity to win a cash prize of up to 400 euros. This incentive aims to encourage consumers to utilize the national deposit s...

Amsterdam to install new trash cans to combat littering

Starting in June, the City of Amsterdam will install 200 new trash cans featuring recycling compartments for deposit bottles across seven high-traffic locations. This initiative is part of a broader p...

Transavia to cut costs significantly: jobs at risk at Schiphol headquarters

Transavia's new CEO Paul Terstegge announced significant cost-cutting measures to achieve an eight percent profit margin. These cuts will lead to job losses among support staff at the company's headqu...

Increasing number of people refuse roadside drug tests

Police data reveals a growing number of drivers in the Netherlands are refusing to undergo drug tests during traffic stops. Although refusing such a test is a crime subject to severe penalties, the nu...

TNO finds solution for growing mountain of discarded solar panels

TNO has developed a new laser technology to efficiently recycle discarded solar panels and recover over 99 percent of the silver and high-purity silicon they contain. This innovation aims to provide a...

Many Gall & Gall stores closed today due to strike

Many Gall & Gall liquor stores across the Netherlands are closed today as employees strike over stalled collective labor agreement negotiations. The FNV union organized the walkout, criticizing parent...

Schiphol environmental study falls short for local residents, advisory body says

The Dutch Commission for Environmental Impact Assessment has advised the cabinet that a study regarding new flight rules for Schiphol Airport is insufficient to guarantee the protection of local resid...

Trump: fantastic trade deals reached with China

US President Donald Trump announced that he has concluded trade agreements with Chinese leader Xi Jinping. The statement was made during Trump's visit to the Zhongnanhai leadership complex in Beijing.

Cold and wet Ascension weekend doesn't deter campers: 'We are almost fully booked'

Despite cold temperatures and rainy weather during the Ascension Day weekend, campsites in the region report being nearly fully booked. Even with the mercury failing to rise above 15 degrees Celsius, ...

Gas prices to rise further: those who don't insulate will pay through the nose

A new CO2 levy on natural gas starting in 1.5 years is expected to significantly increase energy costs for residents living in poorly insulated homes. Due to the impending price hikes, gas suppliers a...

Where is the leadership?

Protests against a proposed asylum seeker center in Loosdrecht have escalated, leading police to use water cannons to disperse demonstrators. As calls for further national protests grow, the situation...

Haarlem Baseball Week forced to reschedule again after Dominican Republic withdrawal

The Dominican Republic national baseball team has withdrawn from the Haarlem Baseball Week shortly before the tournament's start due to financial reasons. This late cancellation forces organizers to a...

Judge refuses to approve Musk's settlement with investors: 'Red flags'

A US judge has refused to approve a $1.5 million settlement proposal from Elon Musk intended to resolve allegations of misleading investors. The judge cited concerns over the low amount of the settlem...

Family of Boeing crash victim awarded nearly $50 million in damages

A US jury has awarded $49.5 million in damages to the family of a 24-year-old American woman who died in a 2019 Boeing 737 MAX crash. The victim was among those killed during the period when the aircr...

Addictive painkillers stolen from hospitals and pharmacies and sold

The Dutch Health and Youth Care Inspectorate has confirmed that heavy painkillers stolen from hospitals and pharmacies are being sold on the black market. This announcement follows investigative repor...

ATM bombing in De Pijp, one explosive fails to detonate

An ATM at the intersection of Van Woustraat and Ceintuurbaan in Amsterdam was targeted in an explosion early this morning, causing significant damage. One explosive failed to detonate and was later sa...

Xi warns Trump of conflict over Taiwan

Chinese President Xi Jinping warned U.S. President Donald Trump that mishandling the issue of Taiwan could lead to clashes or conflicts. Beijing considers Taiwan a breakaway province, while the United...

Recalled Danone baby formula accidentally sold again in Belgium

Danone has announced that Nutrilon baby milk, which was previously recalled due to the potential presence of a toxic substance, was accidentally sold again in parts of Belgium. The company had initial...

Trump and Xi meeting ends after more than two hours

U.S. President Donald Trump and Chinese President Xi Jinping concluded a meeting in Beijing that lasted over two hours on Thursday. The leaders discussed key issues including trade relations and the s...

Haarlem Mayor Jos Wienen to chair national task force on steel slag

Mayor Jos Wienen of Haarlem has been appointed as the national chairman of the Taskforce for Existing Applications of Steel Slag. In this new role, announced by State Secretary Annet Bertram, Wienen w...