Economics

Economics

Nutella maker Ferrero buys parent company from breakfast brand Kellogg’s

Het bedrijf achter Nutella neemt het moederbedrijf van ontbijtmerk Kellogg’s over. Het Italiaanse Ferrero betaalt 3,1 miljard dollar (zo’n 2,6 miljard euro) en wil met de overname zijn marktaandeel in de Verenigde Staten vergroten. Ferrero, dat ook Tic Tac, Kinder en natuurlijk Ferrero Rocher maakt, heeft de overname bevestigd nadat verschillende Amerikaanse media er donderdagochtend […]

Economics

NAM pays a 3 billion euros in dividend to owners Shell and ExxonMobil

The NAM (Nederlandse Aardolie Maatschappij) is distributing 3 billion euros in dividends to its owners, Shell and ExxonMobil. The company made a significant profit last year, despite the closure of the Groningen gas field and the ongoing need to reinforce many homes in the earthquake-affected area. The distribution is detailed in the 2024 annual report.

Economics

House of Representatives agrees with state aid for ailing shipyard Damen

The Dutch shipbuilder Damen will be supported by the Dutch government with an amount of 270 million euros. The cabinet received the green light for this from the House of Representatives on Thursday, after the Senate had already agreed earlier. The support is needed because Damen is experiencing problems with the construction of six ships

Economics

Canada wants to act more with Asia due to tensions with USA

Canada wants to conclude a free trade agreement with Southeast Asia as quickly as possible. The country wants to strengthen economic ties with other countries because of the American import tariffs. That said Canadian Foreign Minister Anita Anand on Thursday at a meeting of the Association of Southeast Asian Nations (ASEAN) in Kuala Lumpur. Like

Economics

ACM warns: ‘Sellers of electronics follow warranty rules poorly’

The ACM, a regulatory authority, is warning sellers of electronics and white goods to better comply with product warranty rules. Customers are filing many complaints about this. The ACM will issue fines if there is no improvement in three months. The consumer watchdog does not name specific companies. The ACM receives thousands of complaints annually

Economics

E-bike chain Weekly Week after stores suddenly declared locks bankrupt

E-bike store chain Welectric has been declared bankrupt. The stores in Amsterdam, The Hague, Weesp, and Bussum have been closed since last week. Welectric was founded in 2020 and sold e-bikes as well as fat bikes, electric cargo bikes, scooters, and small cars. These included brands such as Tenways, Phatfour, Lovens, Microlino and Cowboy. Customers

Economics

Trump announces import duties of 50 percent on products from Brazil

The American President Donald Trump has announced an import tariff of 50 percent on products from Brazil. It is one of the highest tariffs announced so far. They will take effect in August. For Brazil, this means a substantial tariff increase. After Trump’s announcements in April, the South American country assumed a “reciprocal” tariff of

Economics

Bitcoin worth more than 112,000 dollars for the first time

The bitcoin price has reached a record high. The most traded cryptocurrency in the world was worth just over $112,000 (€95,431) around 10:00 PM on Wednesday. Bitcoins and other cryptocurrencies have been on the rise since the election of Donald Trump as the 47th president of the United States. He wants to relax the regulations

Economics

Problems on the power grid and housing market Large risks for economics

The Netherlands is doing well economically. But there are significant risks, such as the unbalanced housing market and capacity problems on the electricity grid. Many problems are interconnected. Climate measures could save the Netherlands billions in the long term. The Netherlands has withstood recent economic shocks thanks to “strong institutions, advanced infrastructure and a highly

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