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Dutch energy company installing ‘e-Radiators’ computer servers to generate warmth

AMSTERDAM: A Dutch energy company is joining forces with a tech startup to harness computing power to heat homes. Eneco said Tuesday it is installing “e-Radiators” computer servers that generate heat while crunching numbers — in five homes across the Netherlands in a trial to see if their warmth could be a viable alternative for traditional radiators. The technology is ... Read More »

Dutch state railway company NS uses Irish route to dodge taxes

AMSTERDAM: The state-owned Dutch railway company NS is continuing to cut its Dutch tax bill by routing the cost of new trains and their rental income through Ireland, the NRC reports on Wednesday. Both the NS and the finance ministry have declined to comment despite finance minister Jeroen Dijsselbloem’s 2013 statement that the practice is ‘undesirable’ from society’s point of ... Read More »

Dutch East India first multinational company in Sri Lanka

AMSTERDAM: On the 20 March 1602 the Dutch East India Company, perhaps, the first multinational company was founded. “Verenigde Oostr–Indische Compangnie” or VOC as it was called flourished and survived for two centuries with spectacular trading posts between Asia and Europe, reported SL Guardian. VOC built ships and shipping with a network of bases from simple offices, to warehouses and ... Read More »

Shell opens its first LNG fuelling station in Rotterdam

AMSTERDAM: Shell has opened its first LNG fuelling station in Rotterdam Waalhaven, the Netherlands, for trucks operating in Europe. The station is located near the A15, which is a major route for lorries travelling to Belgium, France, and the German Ruhr area. The new station has a capacity of 70 000 litres of LNG, and can provide some 170 trucks ... Read More »

Netherlands police seize over 1.5m euros in cash in Rotterdam

AMSTERDAM: The police found to sports bags containing 1.5 million euros in cash in a home on Whijnhaven in Rotterdam on Wednesday. The police searched the home after receiving an anonymous tip regarding firearm possession. A 37 year old Rotterdam resident was arrested. The police also conducted a further investigation in the suspect’s home which led them to an apartment ... Read More »

EU finance ministers reach consensus on €315 billion plan to help revive European economy

AMSTERDAM: EU finance ministers agreed the details of a €315 billion investment plan to help revive the European economy without piling up more debt, and now aim to get the first projects going by the end of the year. EU lawmakers must now approve the fund. “The plan is the answer we need to confront the main handicap of the European ... Read More »

Netherlands, Germany dairy farmers eye end of EU quota regime

AMSTERDAM: Ireland is not alone in eyeing the end of the EU quota regime as a once-in-a-lifetime opportunity to expand milk production. Nestled between Germany and Belgium, the Netherlands, a small country of 17 million people, faces out on to the icy waters of the North Sea. It is one of Europe’s biggest milk producers – and one of Ireland’s biggest ... Read More »

Netherlands global art market reaches 51 billion euros in 2014

AMSTERDAM: The global art market surpassed its pre-recession peak to reach 51 billion euros ($53.93 billion) in 2014, according to a report by the European Fine Art Foundation, with the market helped by growing numbers of high net-worth individuals. The Maastricht, Netherlands-based foundation, which puts on the annual European Fine Arts Fair, one of the world’s largest, said a 7 ... Read More »

Netherlands Werkspot deploys analytics software from Australian Yellowfin

AMSTERDAM: Werkspot, Amsterdam’s number one online platform for the home services market throughout the Netherlands, has deployed analytics software from Australian Business Intelligence provider Yellowfin. The Werkspot platform acts as a portal, connecting consumers with qualified service professionals from a wide range of domestic service industries allowing consumers to post a Request for Proposal (RFP) on Werkspot.nl.  Registered service professionals ... Read More »

Draghi claims eurozone recovery but euro dips 0.73% to $1.6047

AMSTERDAM: The euro has hit a 12-year low against the dollar days after Mario Draghi, president of the European Central Bank, told an audience in Frankfurt that the slowdown in the eurozone had “reversed”. The ECB began its  €1.1 trillion (£775.57 billion) money-printing operation — or quantitative easing — on Monday. The euro hit a near 12-year low against the ... Read More »

Foreign investments in Dutch economy top €3.2 billion in 2014

AMSTERDAM: Foreign investments in the Dutch economy topped €3.2 billion last year, according to the Netherlands Foreign Investment Agency (NFIA). The agency, an operational unit of the ministries of Economic Affairs and Foreign Affairs, released its annual report today that states that in total 187 new investment projects were achieved including headquarters, manufacturing facilities, and data centers. These investments will ... Read More »

Global shipping grapples with its worst downturn in 30 years

AMSTERDAM: Global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. Private equity invested tens of billions in global shipping after the 2008 financial crisis, but weaker Chinese demand and an oversupply of ships has driven down ... Read More »

Netherlands Finance Minister says ABN Amro’s privatisation expected till 2nd half of 2015

AMSTERDAM: The Netherlands’ finance minister said he did not expect nationalized bank ABN Amro to return to private hands until the second half of 2015. Jeroen Dijsselbloem said he would likely send to parliament a letter before the end of March recommending that ABN Amro seek a stock market listing, adding: “It’s too late now for the first half of ... Read More »

Amsterdam-Rotterdam-Antwerp coal stocks up 11.7% YOY to 5.62m mt

AMSTERDAM: Combined coal stocks at three delivery terminals in western Europe’s Amsterdam-Rotterdam-Antwerp trading hub were around 5.622 million mt, up 11.7% year on year, according to data gathered from port sources. Coal stocks at the EMO Dry Bulk terminal in Rotterdam fell 100,000mt week on week to 2.3million mt Wednesday, 900,000mt lower year on year. Stocks at OBA Bulk Amsterdam’s ... Read More »

Dunkin’ Donuts likely to open branch in Netherlands after 14 years

AMSTERDAM: American food company Dunkin’ Donuts expects to open its first shop in the Netherlands in 2016. ‘It has been a long haul, but I expect to have our first shop opened in 2016,’ vice president of development Jeremy Vitaro said. The company first said last April it planned to return to the Netherlands after a 14-year absence. However, the ... Read More »

Dutch Shell announces 4Q euro & GBP equivalent dividend payments

AMSTERDAM: The Board of Royal Dutch Shell plc announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2014 interim dividend, which was announced on January 29, 2015 at US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”). Dividends on A Shares will be paid, by default, in euro at the ... Read More »

285 million euros profit expected: Dutch ING Groep NV raises $2m in Voya financial Inc exit

AMSTERDAM: ING Groep NV, the biggest Dutch bank, raised $2 billion stake in Voya Financial Inc., ending a U.S. insurance push that began four decades ago. ING got $1.4 billion selling shares in an offering at $44.20, compared with Tuesday’s closing price of $44.08, the Amsterdam-based bank said Wednesday in a statement. Voya bought back an additional $600 million of ... Read More »

Dutch bank ING reports pre-tax profit of 783 million euros

AMSTERDAM: ING Group posted results that missed analysts’ expectations for fourth quarter pre-tax profit due to one-off charges but said it will resume paying a dividend in 2015, the first time in seven years. The company reported pre-tax profit of 783 million euros ($886 million), down from 904 million in the same period a year earlier. But ING said this ... Read More »

Netherlands exports to EU fall to 67%, increase to China & US

AMSTERDAM: Dutch exports to the European Union are falling while large economies such as the US and China are growing in importance, the central statistics agency CBS said. In 2002, 75% of Dutch exports went to EU member countries. This has now fallen to 67%, the CBS said. The reason can be found in the growing importance of exports to ... Read More »

Dutch economy shows signs of recovery, posts growth of 0.5% in last quarter of 2014

AMSTERDAM: The Dutch economy is continuing signs of recovery, posting growth of 0.5 percent in the last quarter of 2014, according to official bureau Statistics Netherlands (CBS). This is now the third consecutive quarter where growth has been measured, the CBS reported on Friday. In comparison with the fourth quarter of 2013, the economy is a full one percent greater. ... Read More »