The originally American beer brand Budweiser is taking on the Netherlands. Starting Monday, the beer will be available in Dutch pubs and restaurants - mainly in the Randstad region, but also elsewhere in the country. From September, Dutch will also be able to buy Budweiser in supermarkets, RTL Nieuws reports.
Companies increasingly say that they attach great importance to more diversity in high positions, yet cultural diversity among executives is still an exception and not the rule at Dutch companies, according to the 2018 Monitor by Talent to the Top. While companies say they want to increase diversity among their execs, few are willing to actually set goals and implement measures to achieve this, NOS reports.
Almost half of Dutch are willing to consider exchanging their car for a Mobility as a Service subscription, according to a study by PanelWizard commissioned by ABN Amro among a thousand Dutch people. But for this to be a viable option, the supply of shared cars, bicycles and scooters must increase considerably, the bank concluded AD reports.
Eastern Europe is flourishing, with falling unemployment and rising wages. While this is great news for countries like Romania and Poland, it is a blow to the Dutch business world. Especially for companies that are increasingly dependent on migrant workers, ABN Amro said in a new report on labor migration, RTL Nieuws reports.
An ABN Amro ATM on Gildeplein in Purmerend was blown open early on Thursday morning. A few hours after the ATM bombing, emergency services discovered a suspicious object they think may be an explosive that hasn't detonated. The Ministry of Defense's explosives clearance service is at the scene, the police said in a statement.
Domestic tourism in the large Dutch cities of Amsterdam, The Hague, Rotterdam and Utrecht increased by 54 percent since 2012. This seems to show that Dutch are not very sensitive to the consequences of mass tourism and therefore avoiding the large cities, ABN Amro's economic office reported on Tuesday, NU.nl reports.
Pupils in primary schools in disadvantaged Dutch neighborhoods are significantly behind their peers in regular neighborhoods, according to a study by research agency MWM2 commissioned by ABN Amro, Stichting Kinderpostzegels and education fund Jeugddeducatiefonds, newspaper AD reports.
The researchers questioned 300 teachers, counselors and primary school directors.
Economic growth in the Netherlands will slow down this year, and that will affect businesses, according to ABN Amro. The bank's economists expect the Dutch economy to grow by 1.4 percent this year, almost half the growth 2018 saw. And the number of bankruptcies, excluding sole traders, will increase by 10 percent, ABN Amro expects, NU.nl reports.
ABN Amro is suddenly stepping up its game in the fight against money laundering. The bank is investing 85 million euros into getting its client files in order and is hiring hundreds of new employees to help with this. ABN Amro confirmed that it is in "constant dialogue" with regulator DNB, but would not say if it is trying to avoid fines or other penalties, the Volkskrant reports.
Banks are increasingly removing their ATMs from Dutch streets due to ATM bombings. People living around ATMs fear for their safety. ING bank alone closed 170 out of its total 508 ATMs in the last two years, the Telegraaf reports.
An ATM on Surinameplein in Amsterdam was blown open during the early hours of Friday morning. This was the third ATM bombing in the Dutch capital in a week, NOS reports.
The incident at the ABN Amro happened shortly after midnight. Whether the perpetrators got away with any cash, is not yet clear. They fled on a scooter, according to the police. The bombing caused a large amount of damage.
Business man Bill Browder pressed money laundering charges against a number of banks and businesses in the Netherlands. The Pubic Prosecutor is currently investigating the charges to see if criminal prosecution is justified, RTL Nieuws reports.
The three major Dutch banks - ING, Rabobank and ABN Amro - have decided they do not each need their own ATMs and will therefore jointly launch a new uniform, bank-independent ATM brand. The new, yellow cash dispensers will be called 'Geldmaat' and will start appearing next year, NOS reports.
The three large Dutch banks - ING, ABN Amro and Rabobank - are largely dependent on only one company for cyber security against DDoS attacks. The cyber security firm in question is the American company Akamai, which counts 18 of the world's 30 largest banks as its customers, Financieele Dagblad reports.
The future is looking bleak for toy stores in the Netherlands. Their average turnover is plummeting, and more and more stores are closing their doors. While the approaching holiday season may be the lifebuoy for many toy stores, it is already too late for some, RTL Z reports.
The toy industry in the Netherlands stopped growing in 2009, according to a study by ABN Amro. The number of physical stores is dropping rapidly. In Zeeland it even halved since 2005.
ABN Amro is taking various measures at its corporate bank, including scrapping 250 jobs. The bank wants to increase this department's profitability, ABN Amro announced at the presentation of its figures for the second quarter, Het Parool reports.
The corporate bank, officially called the Corporate and Institutional Bank (CIB), accounts for 2,600 of ABN Amro's total 19 thousand jobs. CIB is responsible for financing shipping and the energy sector, and for managing acquisitions and IPOs.
ABN Amro expects that home prices in the Netherlands will increase by an average of 8.5 percent this year and 7 percent next year, instead of the bank's previous predictions of 8 and 5 percent respectively. According to the bank, interest rates will remain low for the time being, resulting in housing prices increasing faster than previously expected, ANP reports.
The three large Dutch banks - ABN Amro, ING and Rabobank - are structurally involved in abuses in the palm oil sector. These abuses include land grabbing, human rights violations and cutting down rainforests, according to two reports environmental organization Milieudefensie published on Monday, ANP reports.
According to Milieudefensie, between 2010 and 2018 the three banks invested at least 4.9 billion euros into 14 palm oil companies guilty of 118 abuses in nine countries.
The Belgian branch of ABN Amro ignored signals that controversial clients may be involved in money laundering and did not do any extra research into these clients because of such signals, Trouw reported on Wednesday based on internal ABN Amro emails the newspaper has in its possession.
A group of 21 high-level managers at ABN Amro contacted the Dutch supervisors on the financial markets to raise alarm about the lack of leadership at the bank. CEO Kees van Dijkhuizen is not a leader and the bank has basically no strategy, they write in a letter to DNB and AFM. The Ministry of Finance was also warned, NOS reports.
Dutch banks ABN Amro and Rabobank were again targeted by DDoS attacks on Sunday night, leaving their online banking services unavailable for a time, ANP reports.
The two Dutch banks were also targeted by such cyber attacks on Thursday. In a DDoS attack, a website is bombarded with data, overloading its server and crashing the site.
Rabobank and ABN Amro were targeted by DDoS attacks on Thursday night and Friday morning. As a result their online and mobile banking, iDeal payments and websites were hard to reach or completely offline for several hours.
The attacks on Rabobank started around 6:00 p.m. on Thursday, NOS reports. The problems were resolved shortly before midnight. ABN Amro was attacked during the early hours of Friday morning.
In a DDoS attack a website is bombarded by large amounts of data, crashing its server and therefore also the site.
Large Dutch banks invested billions in the meat industry over the past years, and a large part of that money went to companies where animal welfare is not in order, according to a new report by Eerlijke Bankwijzer. These include companies that sell battery farm chickens, keep their sows locked up in cages, or slaughter animals in controversial ways, RTL Nieuws reports.
The Eerlijke Bankwijzer, or Fair Bank Guide, looks at whether Dutch banks invest their money responsibly. Amnesty International, FNV, Mileudefensie and Oxfam Novib, among others, contribute to it.
An 18-year-old Oosterhout man arrested in connection with DDoS attacks on Dutch financial institutions, wanted "to show that a teenager can simply crash all banks with a relatively simple attack", suspect Jelle S. wrote in an email to the Volkskrant shorty before his arrest.