Category: Business

New York state filed civil charges on Tuesday accusing Teva Pharmaceutical Industries Ltd and Allergan Plc with insurance fraud for downplaying the risks of their opioid painkillers to patients and doctors. Governor Andrew Cuomo said the charges by New York’s Department of Financial Services are the third this year in that regulator’s opioid industry probe, […]

Kohl’s Corp (KSS.N) signaled a slow start to the current quarter on Tuesday, as the department store chain discounts heavily and grapples with weak demand as fewer schools reopen due to the COVID-19 pandemic, sending its shares down nearly 16%. Kohl’s executives also said they would take a conservative approach to the second half of […]

Travelers from the Netherlands arriving in the United Kingdom will have to self-quarantine for 14 days, the British Transport Minister Grant Shapps announced on Thursday evening. This quarantine obligation takes effect at 4:00 a.m. on Saturday and also applies to travelers from Aruba, France, Monaco, Malta and the Turks and Caicos islands. According to Shapps, […]

Dutch rail company NS suffered a loss of 185 million euros in the first half of this year. Without support from the government, that loss would have been over a billion euros, NS said in the presentation of its half-year figures on Friday. More support will be needed for the public transport sector to survive, […]

In the second quarter of this year, the Dutch economy shrank by 8.5 percent compared to the previous quarter and a massive 9.5 percent compared to the second quarter of 2019, Statistics Netherlands (CBS) reported on Friday based on its first calculations. “Such a contraction has never been measured by CBS before,” the stats office […]

Dutch rail company NS is asking travelers heading towards Zandvoort by train to register their trip in advance. NS implemented this step as an extra measure to prevent crowded trains, so that travelers can maintain social distancing as much as possible. According to the rail company, there were no major problems on trains to Zandvoort […]

The coronavirus crisis did not only result in a record contraction of the Dutch economy, but also wreaked havoc on the Dutch labor market. In the second quarter, the Netherlands counted 332 thousand fewer jobs than in the previous quarter – an “unprecedented” decrease of 3 percent, Statistics Netherlands reported on Friday. The stats office […]