Amsterdam

Business • Markets
Amsterdam overtakes London as most important financial center in Europe
Amsterdam overtakes London as most important financial center in Europe
Credit: unsplash.com / Adrien Olichon

In January, 9.2 billion euros were traded daily on the Amsterdam stock exchanges, significantly more than in London with 8.6 billion euros, according to figures from the financial market firm Cboe Europe.

By comparison, in 2020, an average of 17.5 billion euros per day had still been traded in London, according to Cboe, while Frankfurt was second with 5.9 billion euros per day and Amsterdam only sixth with 2.6 billion per day.

Law
Tse Chi Lop, the alleged Chinese-Canadian drug kingpin, is arrested in Amsterdam

One of the world's most-wanted fugitives, the 56-year old billionaire Tse Chi Lop, was arrested at Amsterdam's Schiphol Airport, police announced on Saturday. Tse Chi Lop is the alleged leader of a vast Asian drug syndicate responsible for up to 70% of all narcotics entering Australia.

He was arrested at the request of the Australian Federal Police (AFP) without incident during a stop-over on a flight from Taiwan to Canada.