Schiphol expects nearly 70 million travelers this year. That number is still under the record year 2019, the last year for the Coronacrisis. Then 71.7 million people flew through Schiphol. Schiphol Group reports this, which includes Eindhoven Airport and Rotterdam The Hague Airport in addition to the Amsterdam Airport. The airport group came on Friday […]
Facebook and Instagram will no longer show political advertisements to European users starting in October. New EU regulations require social networks to counter foreign interference in elections, for example. To prevent violations, Facebook and Instagram will refuse political advertisements. Meta, the parent company behind Facebook and Instagram, announced the decision to stop political advertising in
The price of Bitcoin fell below 100,000 euros on Friday for the first time in two weeks. The drop comes a week after the largest cryptocurrency reached a record value of over 103,000 euros. Other popular cryptocurrencies also declined. The falling prices are likely a result of diminishing hopes for U.S. interest rate cuts. When
TenneT has invested 5.5 billion euros in the high-voltage grid of the Netherlands and Germany so far this year. That is over 900 million euros more than a year earlier. There are delays, but the grid operator expects the obstacles to be resolved. By 2034, TenneT will invest a total of 200 billion euros in
The import tariffs of the United States cost Volkswagen 1.3 billion euros. Partly due to this, the German car manufacturer saw its profit fall by more than a third. Volkswagen’s profit fell to 4.5 billion euros in the first half of the year. In the same period last year, it was almost 7.3 billion euros.
The French luxury group LVMH, known for brands such as Louis Vuitton and Moët Hennessy, has seen its profit decline sharply. Revenue fell slightly. The company speaks of “solid results” despite the “disrupted geopolitical and economic climate”. LVMH’s profit fell by 22 percent to 5.7 billion euros in the first six months, compared to a
If the European Union and the United States do not reach a trade deal and Brussels implements its planned counter-levies on American products, it could be a significant windfall for the Dutch treasury. It is possible that 1.5 billion euros will flow into the treasury. That’s according to the CBS, the Dutch statistics office. EU
The main interest rate in the Eurozone remains at 2 percent. The European Central Bank (ECB) is taking this rate pause due to uncertainty about the impact of US import tariffs. With the same interest rate, the economy is neither hampered nor stimulated. Economists had already expected the ECB to hold a rate pause. At
Car manufacturers sold considerably fewer passenger cars in Europe in Europe than in the first half of last year. A total of 7.3 percent fewer cars were registered. Hybrids and fully electric cars are more popular. According to ACEA, the European trade association for car manufacturers, the decrease in total sales is due to the
Action chain continues to grow in Europe, despite all economic uncertainty. The Dutch discounter opened 125 new branches this year, which means that the counter now exceeds three thousand. More and more customers are also being added in existing stores. This is according to figures for the first six months of this year. The revenues