The New Zealand government approved a bill on Thursday to allow offshore oil and gas extraction again. The country hopes to alleviate energy shortages with this, but environmental organizations are concerned about climate goals. The previous government of the country had banned it in 2018. That was part of the plan of then Prime Minister […]
Tata Steel Nederland has generated more revenue and profit in the past quarter than a year ago. The Indian parent company Tata Steel is doing well overall, although it sees increasing uncertainty due to the heavy steel tariffs imposed by the United States. According to the new Tata Steel figures, revenue amounted to over 1.5
The Federal Reserve leaves the interest rate in the US unchanged. The American central bank is not giving in to pressure from President Donald Trump, who has repeatedly insulted Fed Chairman Jerome Powell for refusing to lower interest rates. As a result, the US interest rate remains at 4.25 to 4.5 percent. “Unemployment is low
Stellantis, the parent company of Opel, Peugeot, Citroën, and DS, has used cheat software to make the emission figures of diesel cars appear lower. That is the verdict of the Amsterdam court on Wednesday. In 2015, similar software was discovered in diesels at Volkswagen. The reason for the lawsuit is a mass claim by three
Schiphol has wrongly terminated a contract with construction companies Ballast Nedam and TAV, according to the Amsterdam court. They were supposed to build the A-pier for the airport, but Schiphol was dissatisfied and stopped the collaboration. This may now cost the airport a lot of money. The construction companies received the news in 2021 and
The German economy has slightly shrunk in recent months, after growth in the first quarter. According to statistics bureau Destatis, there was a decrease of 0.1 percent compared to the previous quarter. Germany is the largest economy in Europe and the most important trading partner of the Netherlands. The growth in the first quarter was
JDE Peet’s, the company behind brands such as Douwe Egberts and Pickwick, saw its revenue increase significantly in the first half of this year. This was mainly because the company increased its prices by more than 20 percent. Profit did not grow along with it due to higher costs. In the first six months of
Supermarket chain Jumbo is immediately recalling all of its store-brand falafel meals because they contain pork instead of falafel. As a result, the vegetarian dish not only contains meat, but also soy. This is dangerous for people with a soy allergy. This concerns Jumbo falafel Lebanese style with the expiration date 29-07-2025. The meal can
Boeing sold more aircraft last quarter, causing revenue to rise sharply to $22.7 billion. But there was no profit this quarter either. The manufacturer recorded a loss of $612 million, partly due to reputational damage and staff shortages. Revenue for the past quarter grew by a third to $22.7 billion. The American aircraft manufacturer delivered
Novo Nordisk came with a surprising message on Tuesday that it expects meager sales and profits this year. The Danish company behind diabetes and weight loss drugs Ozempic and Wegovy grew like a weed, but is increasingly suffering from competition. The pharmaceutical company already issued a profit warning in May, after opening 2025 with excellent