Business & Finance

Epiroc completes purchase of autonomous mining company
Published on: 29 May, 2024
Epiroc buys remaining share of OEM agnostic autonomous mining solutions company
Strabag: ‘Still no sign of reversal in residential construction’
Published on: 29 May, 2024
Austria-based construction company Strabag has warned there is still no sign of a reversal in the faltering residential construction market, as it unveiled its performance for the first quarter of 2024
French and Danish firms to build Valby ‘cloudburst tunnel’
Published on: 29 May, 2024
Two contractors working in joint venture have been selected to build the Valby cloudburst tunnel under a contract worth DKK 490 (US$71.3 million)
Lendlease exits international construction markets
Published on: 28 May, 2024
Lendlease quits international markets as it looks to save US$3 billion
Construction starts on Tesla Megapack battery factory in Shanghai
Published on: 24 May, 2024
Construction has started on a new Tesla Megapack battery plant in Shanghai, China, after authorities issued the project with a permit last week
Consortium wins €302m deal to build Swiss railway plant
Published on: 24 May, 2024
A consortium led by Swiss construction company CSC Costruzioni has won a contract worth €302 million (US$327 million) to build a new railway plant in Switzerland
Epiroc to acquire French attachments manufacturer
Published on: 24 May, 2024
Swedish OEM continues massive attachments expansion following Stanley acquisition 
Balfour Beatty surfaces as winner of contract to double size of Rolls-Royce submarine facility
Published on: 24 May, 2024
Balfour Beatty has won a contract as construction partner to deliver the expansion of Rolls-Royce’s Raynesway submarine site in Derby
What construction law changes will there be across the EU and UK in 2024?
Published on: 23 May, 2024
Construction ERP software experts have outlined the legal developments that may be in store for 2024 to help the industry prepare for what lies ahead
South Korea to pump $19 billion into chip sector amid global building frenzy
Published on: 23 May, 2024
South Korea has announced that it will pump 26 trillion won (US$19 billion) into its chip manufacturing businesses, as semiconductor firms race to build facilities in ‘all-out warfare’
AI-powered robotic excavators take direction on site
Published on: 23 May, 2024
Gravis Robotics is developing a module that attaches to individual excavators so they can work to spec every day on the job 
Construction to begin on €2.8bn UK-Germany energy link
Published on: 22 May, 2024
Construction has started on NeuConnect’s €2.8 billion energy link between the UK and Germany
€1.7bn Stonehenge tunnel project in UK faces fresh legal battle
Published on: 22 May, 2024
The tunnel project was due to begin next year
EBRD funds largest road infrastructure project in Armenia
Published on: 22 May, 2024
The funding will enable the Government of Armenia to construct 24 kilometres of a new southern road section
UK government confirms North Wales as chosen site for the third new mega-nuclear facility
Published on: 22 May, 2024
The Department for Energy Security and Net Zero has confirmed Wylfa as the chosen site
Joint venture rides off with deal to build San Antonio’s $446m Green Line project
Published on: 22 May, 2024
A joint venture between Flatiron and Herzog has won a deal to oversee the construction portion of the $446.3 million Green Line sustainable mobility project in San Antonio, Texas, US
Devaluation of Egyptian pound hits Orascom’s revenue
Published on: 21 May, 2024
The devaluation of the Egyptian pound has dented revenue at contractor Orascom, although this was partially offset by a strong performance in the US
Arup employee falls victim to US$25 million deepfake video call scam
Published on: 21 May, 2024
Engineering firm Arup has confirmed that one of its employees in Hong Kong fell victim to a deepfake video call that led them to transfer HK$200 million (US$25.6 million) of the company’s money to criminals
XCMG releases its first ESG report
Published on: 20 May, 2024
Report reveals how much OEM spent on research and development in 2023 
Larsen & Toubro to build 605-bedroom hospital in Kolkata
Published on: 20 May, 2024
Indian construction group Larsen & Toubro has won a deal to build a 605-bedroom hospital and medical college in Rajarhat, Kolkata, India
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