The Dutch payment service provider Adyen experienced a dramatic day on the stock market when its share value plummeted by 38%. This was the most significant daily loss since the company's initial public offering in 2018. What are the factors behind this sudden drop, and what are the consequences for the market and investors?
The Central Planning Bureau (CPB) has issued a grave warning: unless the government acts decisively, the number of Dutch citizens living in poverty could dramatically rise by 2024. This would mean that almost a million people, or 5.7% of the population, would be affected. For comparison, this figure stands at 4.8% this year.
From 1 July 2023, telecoms giants KPN and Ziggo will implement price increases in response to inflation. These changes will result in higher internet, TV and phone subscription costs. Ziggo's prices will rise by an average of 8.5, while KPN is applying a 6.4% increase, capped at 4 euros per month.
From Saturday, 1 July 2023, several changes will come into force in the Netherlands, including increased excise duties on fuel, reduced child benefits, and a ban on single-use plastic.
Like hundreds of other businesses, Efteling is grappling with the effects of the overloaded power grid. Due to the current power shortage, the amusement park cannot operate its new attraction, Danse Macabre, and the hotel is under construction at total capacity during the winter months, reports the Brabants Dagblad. Consequently, the park is exploring creative solutions.
