CategoryLocal

Netherlands are looking to choke the life out of Tata Steel with environmental regulations

N

The Tata Steel factories in IJmuiden still seem to produce too many heavy metals and high concentrations of lead. stoten.Er heavily contaminated dust continues to descend into nearby villages. RIVM does not see any clear progress in measurements compared to 2020. In those previous measurements, the RIVM warned that the harmful substances that descend into the environment of Tata Steel are...

Fuel torture for France may be over soon

F

Two trade unions in France have reached a preliminary agreement with oil and gas group TotalEnergies on a wage increase. This happened after an emergency consultation in which the oil giant was keen to reach an agreement. Due to the strikes, which have been going on for three weeks, a large part of the gas stations in the country are without fuel. This is also due to actions at ExxonMobil...

Sales grew, but mainly due to the high prices

S

Due to the high prices, sales in Dutch stores increased by almost 2 percent in August compared to a year earlier, statistics agency CBS reports. That sales rose due to high inflation, is clear. Sales were down 6 percent in August, but retail sales were still up. Especially at supermarkets and other grocery stores, more sales were made, although people also went to the checkout with a lighter...

European plants halt production due to high energy prices

E

Damco Aluminium in the Groningen Farmsum (near Delfzijl) immediately stops production due to the high energy costs. According to the company’s management, temporary shutdown is the only option “due to the sky-high energy prices and a lack of government support”. The decision has major consequences for the approximately 200 employees. The factory has been put into care and...

Cooling US inflation puts Asia’s stock markets on the green shore

C

The fact that inflation in the United States seems to be above its peak also ensures profits on the stock exchanges in Asia. In Hong Kong, Shanghai, Seoul and Sydney, among others, the gauges were on profit. In the markets, it is taken into account that the US Federal Reserve is becoming more reluctant to raise interest rates now that monetary devaluation seems to be decreasing. In the meantime...

Highest inflation since 1996 recorded is driven by gas and food prices

H

Inflation in the Netherlands reached 8.6 percent last month. This is slightly lower than in May, but still very high, Statistics Netherlands (CBS) reports. Food, in particular, became much more expensive. Food was significantly more expensive last month: an average of 11.2 percent, compared to a year earlier. This was mainly due to the increased prices of dairy and meat, but also grain products...

EU takes action against unregulated crypto markets

E

The crypto sector will have to deal with European legislation that must limit the excesses around crypto coins. For the first time, all work around cryptocurrency will be tied to rules. The EU member states and the European Parliament reached an agreement on this on Thursday evening. “The new rules will better protect EU citizens who have invested in this currency and prevent abuse, but...

German economy is faltering

G

The consequences of the war in Ukraine are slowing economic growth in Germany, the German central bank predicts. The Bundesbank also expects significantly higher inflation, mainly due to higher prices for food and fuel. This will result in a significant drop in the purchasing power and confidence of German citizens. The German central bank sees prices rise by 7.1 percent this year, well above the...

Oktoberfest-inflation is expected at no less than 15 percent

O

Beer at the famous Oktoberfest in Munich will be 15 percent more expensive next fall than during the 2019 edition. A liter can then cost almost 14 euros. Water is also not cheap. The price of it can reach almost a dozen per liter. The costs for pub bosses are much higher than the last time the beer festival could go on due to increased energy prices, wages and overall inflation. They have to...

Passenger flow is still well below the pre-COVID era

P

More than ten million people travelled to and from the most important airports of Netherlands in the first quarter. This means that the number of travelers is still below the level before the corona crisis. In the first three months of 2019, more than seventeen million people travelled via the airports Schiphol, Rotterdam The Hague Airport, Eindhoven Airport, Maastricht Aachen Airport and...

Recent Posts

Categories