Economics

Economics

Banks can absorb escalation trade war, but cyber threat is increasing

Dutch financial institutions are able to withstand larger economic shocks. That is the conclusion of De Nederlandsche Bank based on a stress test. However, cyberattacks are an increasing danger, especially now that uncertainty in the global economy has increased sharply. “The uncertainty has not led to vulnerability of Dutch financial institutions,” explains DNB President Klaas […]

Economics

Despite rising monthly costs, the Dutch have more money left over

Dutch people have had more money left over on average in the past eight years because wages have risen faster than monthly expenses. This is according to research by ABN AMRO, which took into account the rapidly rising inflation and energy costs of recent years. ABN AMRO used the anonymized bank accounts of 340,000 households

Economics

Trump will continue to build a wind farm along the coast of New York

Donald Trump halted the construction of a large wind farm off the coast of New York last month, but the American president has changed his mind. The Empire Wind project is intended to supply half a million households with electricity. The 54 wind turbines are being built by the Norwegian energy company Equinor, which has

Economics

Large telephone failure in Spain makes emergency number difficult to reach

A disruption in Spain is causing people in large parts of the country to have difficulty reaching the emergency number 112 on Tuesday. This is reported by telecom services on social media. According to Spanish media, the problems arose after an update in the network of telephone provider Telefónica. Further details are currently unknown. Spaniards

Economics

Government lowers interest in ABN AMRO to 30 percent

De Nederlandse overheid wil minder zeggenschap over de bedrijfsvoering van ABN AMRO en verlaagt het belang in de bank van 40,5 naar ongeveer 30 procent. ABN AMRO werd tijdens de kredietcrisis in 2008 genationaliseerd door de overheid. Omdat de staat meer dan een derde van de bank bezat, had het veel zeggenschap over het bedrijf.

Economics

Dutchman keeps hand on the cut: consumer confidence remains very low

The desire to buy remains remarkably low among Dutch people. Consumer confidence did not change in May and is at its lowest level in a year and a half. However, Dutch people have gained some hope for a better economy in the coming twelve months. According to statistics agency CBS, consumer confidence is now at

Economics

They look for answers to the cable cutter off the coast of Scheveningen

Pipelines and Cables at Sea Are Very Vulnerable to Attacks and Sabotage. This Became Painully Clear When the Nord Stream 2 Gas Pipeline was Blown Up in 2022. In Scheveningen, Governments and Companies Are Researching How This Infrastructure Can Be Protected. Accordance to Paul Flos of the Ministry of Defense, The Attack On The Nord

Economics

Lowered credit rating United States allows the gold price to rise again

The Gold Price is rising again on Monday, and the dollar is Falling in Value. The Reason is the reduced creditworthiness of the United States by Credit Rating Agency Moody’s. Buying US Government Bonds is Therefore Less Attractive, Causing Investors to Run Back to Gold. The price of a troy ounce of gold (31.1 grams)

Economics

Tens of thousands of refillings for Vapes with a taste

The Dutch Food and Consumer Product Safety Authority (NVWA) has Seized 70,000 Refills for Vapes. The Refills have flavors such as strawberry, watermelon, and lemonade, which Have Been Banned in the Netherlands Since Last year. The Banned Liquids Were Seized From An Importter in Gelderland, The NVWA Reported On Monday. Inspectors had recedived reports that

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