London-based fintech unicorn Revolut announced on Thursday that they will be introducing the Dutch International Bank Account Number (IBAN) to simplify business banking for its customers in the Netherlands Around six months after introducing Dutch IBAN for personal accounts, Revolut made the announcement for business users. Once customers have been moved to the Revolut Bank...
Category: Bussiness
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KPMG Netherlands fined $25 million for widespread exam cheating
The US audit regulator, the Public Company Accounting Oversight Board (PCAOB), has fined KPMG Netherlands a record $25 million (around £20m) after it found that hundreds of the firm’s staff, including senior partners and managers, cheated on professional exams. Additionally, the firm’s former head of assurance, Marc Hogeboom, was banned for life from working for...
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Dutch bank ING is key lender to Thames Water parent as cliff-edge looms
The Dutch banking giant ING has been thrust into a pivotal role in determining the future of stricken Thames Water’s parent company amid growing expectations that lenders will agree a loan extension ahead of a repayment deadline this month. Sky News has learnt that ING is among the lenders due to be repaid £190m by...
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Several people held hostage at a nightclub in Netherlands: Local police
2 min read Last Updated : Mar 30 2024 | 6:09 PM IST Three people who were held hostage for hours in a nightclub in the central town of Ede were released Saturday, police said, but they added that the “situation is not over”. Gelderland Police announced the hostage release in a...
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‘Operation Beethoven’: Dutch 2.5bn-euro charm offensive to keep ASML
ASML is the “Messi” of Dutch companies, says the economy minister. Photo: EMMANUEL DUNAND / AFPSource: AFP The Dutch government on Thursday unveiled a plan worth 2.5 billion euros to retain global firms like chip giant ASML amid fears of a far-right clampdown on immigration. The plan, dubbed “Operation Beethoven”, mainly aims to prevent ASML,...
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China asks Netherlands, with world-leading chipmaking equipment, to not decouple
China’s commerce minister spoke with his Dutch counterpart this week in a bid to dissuade the European country – exporter of the world’s top chipmaking equipment – from hi-tech decoupling, which would hurt Chinese efforts to develop their own advanced semiconductors. Wang Wentao and Geoffrey van Leeuwen, the Netherlands’ acting foreign trade minister, met in...
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Dutch Business is Pushing Back Against Anti-Immigration Politics
Breadcrumb Trail Links PMN Business Public opinion has turned against immigration in what was once Europe’s most open economy, and companies are starting to speak up Author of the article: Bloomberg News Sarah Jacob and Cagan Koc Published Mar 27, 2024 • Last updated Mar 27, 2024 • 5 minute read You can save this article by...
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Chinese leader Xi tells Dutch PM that restricting technology access won’t stop China’s advance – Business News
Ken Moritsugu And Zen Soo, The Associated Press – Mar 27, 2024 / 5:47 am | Story: 479063 Photo: The Canadian Press FILE – Netherland’s Prime Minister Mark Rutte speaks with the media as he arrives for a EU Summit in Brussels, Thursday, March 21, 2024. Dutch Prime Minister Mark Rutte is meeting with Chinese...
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Royal Enfield maker Eicher Motors sets up Dutch unit for EU expansion plan
Royal Enfield Classic 350 2 min read Last Updated : Mar 25 2024 | 7:54 PM IST By Tuhin Kar The maker of Royal Enfield motorcycles has incorporated a unit in the Netherlands with plans for a warehouse in the EU, after Brexit made it more difficult to move parts to mainland Europe. ...
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Dutch economy sees slight uptick in 2023 as disposable income rises
The Netherlands’ GDP outgrew analysts’ expectations in the final quarter of last year. ADVERTISEMENT The Netherlands’ economy grew by 0.4% in the three months to December 2023, reversing a three-quarter period of contraction. New figures published by Statistics Netherlands on Monday said that the growth in GDP surpassed the 0.3% market predictions and was buoyed...
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Two Holland America Line crew members die onboard ship while in the Bahamas
Check out what’s clicking on FoxBusiness.com Two Holland America Line crew members died on board Friday while the ship was in the Bahamas, the company said in a statement. Holland America Line said “there was an incident in an engineering space” on board the Nieuw Amsterdam ship while at Half Moon Cay in the Bahamas,...
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The Netherlands: the world’s global legal battlefield | Business
Blanchi Costela, Getty Images From conflicts in Ukraine and the Middle East to salt mining in Brazil – courts in the Netherlands have become Ground Zero in a global legal battlefield with far-reaching implications. A strong legal tradition, home to many multinationals and international organisations, and global ease of reach: the country has several...