Economy
Trump threatens higher tariffs if EU misses July trade deadline
US President Donald Trump has issued a 4 July ultimatum to the European Union, threatening to significantly hike import tariffs if a pending trade deal is not finalised by America's 250th anniversary. Following a discussion with European Commission President Ursula von der Leyen, Trump expressed frustration over delays in implementing the agreement reached last summer, which includes the removal of duties on US goods like lobster and industrial products. While the EU maintains that it is in the final stages of negotiations, the President has warned that failure to comply will result in tariffs on European imports, including cars and lorries, immediately soaring to much higher levels.
Business
Caravans making a comeback
The caravan is enjoying a significant resurgence in the Netherlands, with new sales figures from trade associations BOVAG and KCI showing an 18 per cent increase in registrations this spring. While caravan sales are currently declining across the rest of Europe in favour of motorhomes, the Dutch market is bucking the trend, driven largely by young families who see them as an ideal way to holiday with children. Industry experts note that since the pandemic, caravans have firmly returned to the radar of younger generations, resulting in over 2,100 new units being sold in just two months.
Education
Educational institutions tighten security after major hack
A large-scale hack of the Canvas learning platform has forced several Dutch universities and colleges to take their digital environments offline, disrupting services for thousands of students. Institutions including the University of Amsterdam and Erasmus University Rotterdam blocked access to the software after hackers compromised sites and leaked the personal data of students and staff, such as names and email addresses. Although seven major universities and several colleges have been affected, many are attempting to continue teaching and exams through alternative methods while IT teams work to secure the breached systems.
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KLM cabin crew member cleared of hantavirus infection
A KLM flight attendant has been cleared of hantavirus following a negative test result confirmed by the World Health Organisation. The crew member had been hospitalised with mild symptoms after having "intensive contact" with a passenger in Johannesburg who later died from the virus. While the negative result offers some relief, health authorities continue to monitor 388 passengers from the flight, warning that the virus has a long incubation period of up to six weeks.
Business
AEX index hits new low following latest US-Iran attacks
The AEX index fell further on Friday morning, dropping 0.6 per cent to 1,013.32 points as a fragile ceasefire between the United States and Iran appeared to buckle. This latest decline follows a 1.2 per cent slump on Thursday, marking a sharp retreat for Amsterdam’s blue-chip stocks after they reached a new closing record just two days ago. Market sentiment turned defensive as investors weighed conflicting reports from Washington and Tehran: while the US military confirmed retaliatory strikes and Iran threatened to respond "vigorously and without hesitation," President Donald Trump maintained the truce was still in effect despite Iranian accusations of ceasefire violations in civilian areas.
Mobility
Around 1500 ships still stranded in the Persian Gulf
The IMO reports that around 1,500 ships and 20,000 crew members remain stranded in the Persian Gulf due to the near‑closure of the Strait of Hormuz. Some vessels have been stuck for weeks, and an evacuation plan is being prepared once tensions ease.
Living/housing
Growing divide in housing: buyers thrive, renters pressurised
ABN AMRO reports that the gap between renters and homeowners is widening. Existing owners benefit from stable costs and rising incomes, while young renters and first‑time buyers face higher prices, smaller homes, and growing barriers to entering the housing mar
Business
OPEC oil output drops to lowest level in 3 years
OPEC oil production has fallen to its lowest level in 36 years due to the war in Iran, which has halted exports and forced shutdowns. Kuwait and Iran saw major declines, while U.S. oil exports hit a record high as global supply routes shift.
