Business

IKEA to launch smaller stores in 2027

KEA is set to expand its presence in the Netherlands with a number of smaller-format stores next year. The supermarket-sized locations will focus on home accessories such as tableware and lighting, making the retailer more accessible in areas further from its existing large stores.

Chinese carmakers gain ground in Europe

Chinese automotive brands are steadily expanding their presence in the European market by attracting drivers who are not yet ready to switch to fully electric vehicles. With competitively priced hybrid models, brands such as BYD, MG, and Xpeng achieved a record market share of nearly 12 percent last month, highlighting their growing appeal among European consumers.

ASML, Besi, and ASMI rise on Damrak

A renewed surge in semiconductor stocks helped steady the Amsterdam stock exchange on Friday morning, with the AEX creeping up to 1,101.01 points as key chipmakers like ASML, ASMI, and Besi gained around 2 per cent. While broader European markets drifted lower on rising inflation and global interest rate hikes—including an unprecedented triple-rate increase in the same month by the Bank of Japan, the US Federal Reserve, and the ECB—Amsterdam found support in its tech sector. Meanwhile, falling crude prices dragged down energy stocks such as Shell and SBM Offshore, while telecoms operator KPN anchored the index with a 1.7 per cent drop following an analyst downgrade.

KLM warns of “urgency” as it explores options

KLM has outlined four possible future scenarios for 2030, reflecting growing financial, political, and competitive pressures on the Dutch airline. The report signals that major strategic choices—potential restructurings, job cuts, or shifts in control—may be unavoidable.

Gender equality in the Netherlands is slipping

The Netherlands has dropped to 46th place in the World Economic Forum’s gender‑gap index, reflecting widening disparities in economic and political participation. Researchers warn that emancipation policy has stalled, allowing faster‑moving countries to overtake the Dutch.

Industry foresees sustainable energy expansion will help Dutch household bills

Expanding domestic renewable energy could protect Dutch households from volatile foreign fuel markets, industry leaders argue. A new report warns that national climate targets are currently out of reach as progress on green energy stalls. Industry groups are now urging the government to deliver stable policies and infrastructure support to keep the transition affordable.

Schiphol and KLM welcome Council of State advice on new airport rules

Schiphol Airport and airline KLM have welcomed new legal advice from the Council of State regarding proposed flight caps and noise reduction rules. While the aviation sector sees the decision as a positive step towards stability, environmental groups point out that ministers face renewed criticism over poorly supported regulations.

Cabinet cuts grid expansion delays

The government plans to speed up power grid expansions by cutting red tape and streamlining planning rules to fix severe network capacity shortages that are leaving new housing and businesses stranded without electricity connections. By updating existing regulations, removing several mandatory permits, and limiting legal appeals to a single hearing at the highest court, ministers hope to shave up to 18 months off construction times. Beyond cutting bureaucracy, the strategy relies on asking businesses to shift peak energy usage to quieter hours and temporarily tapping into backup power capacity while the sector continues to grapple with severe worker and material shortages.

AEX stabilises after three days of losses

Amsterdam's AEX index opened virtually flat on Friday morning as cautious investors paused following three consecutive days of losses. Heavy focus turned to upcoming US inflation data for clues on central bank interest rate moves, amidst fresh market anxiety over rising oil prices driven by Middle East geopolitical tensions. Financial stocks provided the main bright spot for the index with gains of around 1 per cent, offsetting losses across information publishers and energy giant Shell.

Bijenkorf confirms customer data leak after cyberattack

Bijenkorf confirms that customer names, addresses, and phone numbers were exposed in the CEVA Logistics cyberattack. The retailer warns of phishing risks and says its webshop is now fully operational again.

Call for EU ban on Meta’s Ray‑Ban glasses

The Consumers' Association is calling for a European ban on Meta’s Ray‑Ban camera glasses, saying the device can record people too easily and raises major privacy concerns.