Economics

Economics

New European sanctions against Russia are ‘most radical since war’

The European Union has agreed on the seventeenth sanctions package aimed at putting pressure on Russia. The sanctions target, among other things, an oil giant and the Russian ‘shadow fleet’. “This is a clear signal of the EU’s continued and unwavering support for Ukraine,” says EU foreign policy chief Kaja Kallas. The sanctions aim to

Economics

Levi’s sells daughter brand Dockers to Reebok owner

Levi Strauss & Co. wants to sell its subsidiary brand Dockers to Authentic Brands Group, the parent company of brands such as Reebok and Quiksilver. The American jeans brand announced this on Tuesday. Levi’s announced in October that it wanted to sell Dockers, but there were no concrete plans at the time. The company wants

Economics

Chamber rejects NSC with a narrow majority of NSC

Het veelbesproken pensioenplan van NSC is dinsdag gestrand in de Tweede Kamer. Van de 150 Kamerleden stemden 73 tegen en 72 voor. Het voorstel moest mensen inspraak geven over de overgang naar het nieuwe pensioenstelsel. NSC-Kamerlid Agnes Joseph wilde alsnog regelen dat werkenden en gepensioneerden zelf kunnen kiezen of ze overstappen naar het nieuwe stelsel

Economics

Pension Plan NSC will probably not get a majority, DENK votes against

DENK has weighed the pros and cons and decided to vote against the proposal that gives people a say in the transition to the new pension system. NSC Member of Parliament Agnes Joseph still wants to arrange for employees and pensioners to be able to choose whether to switch to the new system or remain

Economics

EU scraps all economic sanctions against Syria, the Netherlands also agrees

The European Union is scrapping all economic sanctions against Syria. The EU member states decided on Tuesday to end the measures, EU diplomats confirm to press agency ANP. The Netherlands was strongly against this, but has nevertheless agreed. All member states must agree to the lifting of sanctions. The EU had previously withdrawn some sanctions

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

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