Economy

Kifid has ruled that banks do not have to compensate victims who transfer money to fraudsters themselves during helpdesk scams. The institute says the crucial question is whether a payment is authorised or unauthorised. Only unauthorised payments normally lead to reimbursement, unless the consumer acted with serious negligence.

VNO-NCW chair Coen van Oostrom hopes the Netherlands can avoid cuts to social security and instead seek broader solutions. His comments come after unions ended talks with the government and announced strikes over proposed changes to benefits and pensions.

Rosneft head Igor Sechin stated that American energy companies are the primary beneficiaries of the Strait of Hormuz's closure, which he claims is an attempt to reshape global markets in favor of U.S. interests. However, he warned that the resulting price hikes and blockade backfired globally, underestimating strategic risks and potentially driving long-term interest toward alternative energy.

The AEX index in Amsterdam closed 0.6% lower on Friday at 1041.10 points, dragged down by payment provider Adyen, which plunged nearly 9% following a negative US analyst report warning of lost market share and rising competition. Semiconductor giants ASMI, Besi, and ASML also suffered losses of up to 4.3% following global tech declines, while steelmaker ArcelorMittal fell 4.7%. These losses offset gains by consumer giant Unilever, which jumped over 3%, and Heineken, which rose 1.9% amidst shareholder pressure to break with tradition and hire an external CEO to replace Dolf van den Brink. Elsewhere, Air France-KLM dipped 1.2% after a Barclays downgrade, and global oil prices slid by up to 2.6%.

Full EU membership must remain the ultimate goal for candidate states, Prime Minister Rob Jetten insisted ahead of a summit in Montenegro, rejecting French and German proposals for a phased accession process. While Jetten agreed that countries should see the benefits of their reforms sooner, he warned that partial access to the single market could create a two-tier Europe. Working alongside Belgium and Luxembourg, he urged candidate nations to stay focused on the European path rather than turning towards Russia, promising that the Benelux countries will soon release their own plans to improve the joining process.

The Amsterdam AEX index opened lower on Friday, dragged down by a 3 per cent drop for chip giants ASMI, Besi, and ASML following a tech sell-off in the US and Asia. As global investors shift from tech stocks to traditional sectors ahead of the latest US jobs report, wider European markets remained mixed, while Asian tech shares suffered heavy losses. On the local market, paint maker AkzoNobel and builder Heijmans posted gains, but Air France-KLM shares fell after a downgrade by Barclays, and Heineken investors piled pressure on the brewer to appoint an external CEO.

Amazon will invest €10 billion in expanding and modernizing its European logistics network, creating 25,000 new jobs. The company is boosting same‑day delivery capacity with new micro‑distribution centers, while facing rising competition from Chinese rival JD.com.

The Netherlands has more millionaires than ever, with both their numbers and total wealth rising. A new Capgemini report links the increase to economic growth, higher incomes, and strong stock markets driven by AI optimism.