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ABN AMRO Clearing Bank develops alternative for escrow accounts


With this new service, every individual client of the non-bank organisation gets a bank account with the ABN AMRO Clearing Bank (AACB) via the blockchain. That way, fund flows between the organisation and its clients are included in payment processes under regular supervision, guaranteeing the required transparency. This block chain method drastically reduces administrative costs for the organisation by eliminating escrow account management costs. Fintech Nxchange is the first client to launch this solution, starting in February. Great mark... Read More »

Philips and the Dutch Heart Foundation join forces to promote heart health in the Netherlands

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One of the key aims is to make the Netherlands a ‘6-minute cardiac arrest’ zone by extending a sustainable network of community first responders and AEDs (Automated External Defibrillators) across the entire country. This will enable an estimated 2,500 lives to be saved each year. The partnership agreement was signed today by Floris Italianer, Director of the Dutch Heart Foundation, and Henk Valk, Market Leader Benelux at Philips, in Eindhoven, the Netherlands. This important new partnership has several key focus areas. In addition to saving... Read More »

The Netherlands Can Feed the World. Here’s Why It Shouldn’t

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Recently, National Geographic published an article called “This Tiny Country Feeds the World,” where the author extolled the innovations of a small European country that has managed to become a global powerhouse in agriculture and technology—the Netherlands. Now the second biggest exporter in value of agricultural products after the U.S., the country has managed to cut down carbon emissions and its use of fertilizer and pesticides while implementing cutting-edge technology and increasing yields. The article opens with a vivid description of ... Read More »

Europe’s largest pension fund to drop tobacco and nuclear weapons investments

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Owen Walker YESTERDAY Europe’s biggest pension fund, ABP of the Netherlands, plans to ax tobacco and nuclear weapons from its investment portfolio. The €405bn scheme joins a growing list of institutional investors in shunning stocks they deem harmful to the environment and to human health. The industry-wide fund, which manages money on behalf of 2.9m members, said on Thursday it will sell €3.3bn of tobacco and nuclear arms industry holdings in the next year. “Investments in tobacco and nuclear weapons have been a dilemma for us for quite some t... Read More »

Belgium and the Netherlands swap land to change their national borders

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The area affected, which is the size of 27 football fields, sits of east of the Belgian city of Vise and west of the Dutch village of Eijsden and on the river Meuse.  As of 2018 the countries’ border now goes down the centre of the river Meuse, with the Netherlands taking control of just over 40 acres of new land, while Belgium adopts around 8 new acres. The change was made after a peninsula on the river gained a reputation for lawlessness because of the geographical difficulties policing it from the Belgian side, which on paper controlled it. ... Read More »

Is this the future? Dutch plan vast windfarm island in North Sea

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Britain’s homes could be lit and powered by windfarms surrounding an artificial island deep out in the North Sea, under advanced plans by a Dutch energy network. The radical proposal envisages an island being built to act as a hub for vast offshore windfarms that would eclipse today’s facilities in scale. Dogger Bank, 125km (78 miles) off the East Yorkshire coast, has been identified as a potentially windy and shallow site. The power hub would send electricity over a long-distance cable to the UK and Netherlands, and possibly later to Belgium, ... Read More »

Shell and Barclays ‘lose’ £2bn in US tax changes

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Barclays is facing a larger full-year loss than expected because it told investors that the tax changes would initially cost it about £1 billion. At the same time, Royal Dutch Shell said in a statement to the stock market that the tax cut would lead it to take a hit to its earnings of between $2 billion and $2.5 billion.   ... Read More »

European Medicines agency will bring jobs, generate millions of euros

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The 890 workers will have an estimated €45m in net salaries to spend and much of that will benefit local shops, service providers, bars and restaurants, ING says. In addition, housing the EMA workers will bring in €10m to €15m while the 30,000 overnight stays which EMA visitors will book will generate €4m for the hotel sector. The Financieele Dagblad says experts suggest the EU agency will provide work for 1,500 people working in catering, cleaning, security, childcare and teaching. In addition, some 200 of the agency’s 890 staff are not exp... Read More »

JYSK Nordic and DHL sign exclusive 5-year global supply chain management agreement


DHL International Supply Chain, the specialist supply chain management team of DHL Global Forwarding, has signed an exclusive five-year contract extension with JYSK Nordic, part of the JYSK Group. As an international chain with Scandinavian roots, JYSK sells everything for the home in over 2,500 stores in 48 countries. As part of the agreement, DHL International Supply Chain manages JYSK Nordic’s inbound flow with an integrated supply chain solution including online vendor booking and Purchase Order management services. DHL will continue to han... Read More »

BP 2Q 2017 exploration highlights


  BP said today that it continues to make progress in shifting its exploration portfolio toward natural gas and advantaged oil. As first described to the financial community in 2016, BP is actively reviewing its exploration activities and refocusing them on growth in natural gas and advantaged oil in regions where BP currently operates. It is also selectively looking for opportunities to grow new material production regions while exiting less competitive exploration prospects. Bernard Looney, BP’s Upstream chief executive comm... Read More »

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