The Netherlands is taking hard action at Nexperia, groceries are becoming increasingly expensive

Good morning.

The most exciting news of the past 24 hours remains the rare intervention by the Dutch Ministry of Economic Affairs at Nexperia, the Nijmegen chip manufacturer that is in Chinese hands. We already wrote about it last night.

By invoking the rarely applied Availability of Goods Act, Economic Affairs is taking strong action against the chip manufacturer, owned by the Chinese holding company Wingtech. Nexperia, a former Philips subsidiary, may not move business units, hire new managers or make any other decisions for a year without explicit permission from the Dutch government. Also the Financial Times reports the news prominently.

And another thing that stood out in the news on Monday morning:

• The grocery prices harder in the Netherlands than in other European countries, as European inflation figures show according to it F.D. Politicians and economists worry about food inflation, but the underlying causes of price increases are difficult to address.
• The Dutch ambitions for more roads, bridges and rail are jeopardized by competition from our eastern neighbors. Germany invests hundreds of billions extra and removes scarce staff. Our inflation may also increase, warns The Telegraph.
• The global one exports from China was 8.3 percent higher in September than a year earlier, at $ 328.5 billion. That exceeded economists’ estimates. It was significantly better than the 4.4 percent year-on-year increase in August. Chinese exports to the US fell by 27 percent in September, he said AP news agency. Meanwhile, China blames US President Trump and the US for the escalating trade war.
• Employees report sick longer than everaccording to figures from occupational health and safety service provider Arbo Unie. That writes It A.D. The number of days has increased to an average of 28 per sick report, according to the Arbo Unie. Last year it was 27 days and three years ago it was 24 days.
• The Swedish Royal Academy of Sciences announced on Monday who the Nobel Prize in Economics wins. Last year the prize went to Daron Acemoglu, Simon Johnson and James Robinson. They investigated the role of social institutions in the differences between rich and poor in the world.

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