Economy News in English
Latest economy headlines from Dutch news, translated into English.
Iran allows 20 Pakistani ships through Strait of Hormuz
The Iranian government has agreed to allow twenty Pakistani ships to pass through the Strait of Hormuz. According to Pakistani Foreign Minister Ishaq Dar, the vessels will be permitted to transit at a...
This cabinet also wants to cut civil service spending by raising salaries
The Dutch cabinet is attempting to reduce the number of civil servants by increasing their salaries, a strategy inspired by the Singaporean model. This new approach aims to succeed where previous admi...
From mold to snack: Breda startup in the running for national entrepreneur award
Breda-based startup The Protein Brewery is developing sustainable protein alternatives by cultivating fungi in large fermentation tanks. The company is currently competing for a national entrepreneur ...
Chocolate thieves steal over 400,000 KitKat bars during transport in Italy
Thieves in Italy stole over 400,000 KitKat bars from a transport truck earlier this week. The theft of the large shipment was confirmed by the Swiss chocolate manufacturer.
Roy’s Poultry moves to Ruysdaelstraat in Heemskerk for more space: ‘It’s becoming a nice food street’
Poultry shop Roy’s has moved to a larger location on Ruysdaelstraat in Heemskerk to accommodate the business's need for more space. The move strengthens the street's reputation as a specialty food d...
Can gas storage be filled in time? ‘Government only steps in if commercial parties fail’
The Netherlands is facing nearly empty gas storage facilities during a global shortage, raising concerns about supply for the upcoming winter. The government plans to step in only if commercial entiti...
IJmuiden marks 25 years on the cruise map; terminal owner KVSA celebrates with modest party on board
IJmuiden is celebrating 25 years as a cruise destination, with terminal owner KVSA marking the milestone aboard a cruise ship. The town and the North Sea Canal are also preparing for their 150th anniv...
Buy or wait? Open House Day in uncertain times: ‘Rising prices make people nervous’
File tax return before April 1 for assessment within three months
Taxpayers who file their Dutch tax returns before the April 1st deadline are guaranteed to receive a preliminary assessment within three months. While the tax authorities generally process application...
A7 towards Lyon largely blocked by driver action
Approximately 25 trucks and a bus have blocked most of the A7 motorway towards Lyon, France, to protest against rising fuel prices. Drivers are distributing pamphlets to motorists who are currently re...
Italy investigates beauty companies for encouraging obsession in young girls
Italy has launched an investigation into beauty companies Sephora Italia and Benefit Cosmetics for allegedly using deceptive marketing strategies to target young girls with skincare products. Authorit...
Millions of Douwe Egberts points exchanged for books as savers can spend them again
The Bruna bookstore chain has experienced record-high website traffic following the announcement that customers can now redeem Douwe Egberts loyalty points for books. This new partnership allows long-...
Your bank account gets more expensive every year, but can it be explained?
The cost of maintaining a bank account continues to rise annually, with additional fees being introduced for cash withdrawals and deposits. Despite these increasing charges for essential services, ban...
A mindfulness course, a personal trainer, and an e-bike: but Ralph's dog wasn't allowed on the flexible budget
Ralph's request to use his flexible employee benefits budget to purchase a dog was rejected and met with ridicule from his HR department. Career expert Anne-Marije Buckens notes that employers typical...
Bank of America settles for tens of millions with Epstein victims
Bank of America has agreed to a $72.5 million settlement to resolve a lawsuit filed by victims of Jeffrey Epstein. The victims alleged that the bank facilitated the financier's sexual exploitation act...
Screen Time | As lawsuits pile up, Mark Zuckerberg turns his focus to AI
Meta CEO Mark Zuckerberg is shifting the company's focus toward artificial intelligence as legal challenges against social media platforms continue to increase. Tech reporter Rutger Otto discusses how...
Energy crisis much more severe in the Netherlands than cabinet thinks: looming diesel shortage
The energy crisis in the Netherlands is more severe than the government realizes, with potential shortages of diesel and kerosene looming. While gasoline supplies remain sufficient, experts warn that ...
Unemployed professional footballer allowed to evict tenants from his home in North
A Dutch court has ruled that an unemployed professional footballer can evict tenants from his apartment in Amsterdam-Noord so he and his family can move back in. The judge determined that the owner ha...
Evers tobacco shop closes after nearly a century: 'Fireworks ban was the final straw'
Frank Evers is closing his 98-year-old independent tobacco shop in Hillegom on March 28, marking the end of the town's last standalone cigar shop. Evers noted that the fireworks ban provided the final...
Thailand: Agreement with Iran on oil tanker passage
Thailand and Iran have reached an agreement regarding the passage of Thai oil tankers through the Strait of Hormuz. The deal was announced by the Thai Prime Minister on Saturday morning.
Anne (58) forced to live in mother’s attic: ‘I feel like a failure as a father’
Fifty-eight-year-old Anne de Jong is forced to live in his mother's attic following a divorce due to the ongoing housing crisis in the Netherlands. His situation highlights a growing problem for divor...
Master swindler or benefactor? The Canadian who promised Zandvoort the world
In 1981, Canadian businessman Michael Hordo arrived in Zandvoort with grand plans to transform the coastal town into a major tourist hub, including proposals for a theme park and international golf ch...
Is the end near for Heemskerk Festival? Funding shortage threatens to ruin plans. 'A crying shame', but organizers refuse to charge admission
The future of the free Heemskerk Festival is uncertain due to significant budget deficits resulting from the loss of major sponsors and funds. Organizer Peter Zonneveld stated that despite the financi...
Why cheap meat deals are here to stay: ‘Supermarkets are not charities’
The Dutch supermarket chain Jumbo has resumed meat discounts after a two-year trial led to losses of tens of millions in revenue. The initiative failed because competitors did not follow suit, causing...
Bonaire asks Netherlands for urgent help with rising prices
The Executive Council of Bonaire has requested urgent assistance from the Dutch government to combat rising prices for food and fuel. Increased shipping costs driven by international instability are m...
Suspicious stock trades point to the White House
Democrats in the U.S. Congress are raising concerns about potential corruption following suspicious stock market transactions linked to President Trump’s market-moving actions. There are allegations...
Joint call to politicians: Have the courage to be radically present in neighborhoods
Social and business leaders in Amsterdam have warned that the growing disconnect in vulnerable neighborhoods acts as a 'ticking time bomb' threatening social stability. They urge political and corpora...
US: Affected countries must help counter Strait of Hormuz tolls
US Secretary of State Marco Rubio has condemned Iran's plan to impose tolls on vessels passing through the Strait of Hormuz. Following a G7 meeting, Rubio stated that nations most affected by the prop...
Hermans allocates millions for pandemic preparedness
Minister Sophie Hermans has structurally allocated up to 177 million euros to ensure the Netherlands is prepared for a future pandemic. These funds will be reallocated from various sections of her min...
Van Essen allocates 150 million from nitrogen fund for nature and farmers
Dutch Agriculture Minister Jaimi van Essen has allocated 150 million euros this year for nature restoration and agricultural measures to address the nitrogen crisis. The funding is drawn from a larger...