All Business & Finance Articles

Construction starts on Tesla Megapack battery factory in Shanghai
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
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
Swedish OEM continues massive attachments expansion following Stanley acquisition 
Balfour Beatty surfaces as winner of contract to double size of Rolls-Royce submarine facility
Balfour Beatty has won a contract as construction partner to deliver the expansion of Rolls-Royce’s Raynesway submarine site in Derby
South Korea to pump $19 billion into chip sector amid global building frenzy
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
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
Construction has started on NeuConnect’s €2.8 billion energy link between the UK and Germany
EBRD funds largest road infrastructure project in Armenia
The funding will enable the Government of Armenia to construct 24 kilometres of a new southern road section
Joint venture rides off with deal to build San Antonio’s $446m Green Line project
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
The devaluation of the Egyptian pound has dented revenue at contractor Orascom, although this was partially offset by a strong performance in the US
British Steel wins multi-million contract for high-speed electric railway in Turkey
British Steel says that this will help create a lower-emission transport link between Turkey’s second-largest container port and inland cities
Arup employee falls victim to US$25 million deepfake video call scam
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
Report reveals how much OEM spent on research and development in 2023 
Larsen & Toubro to build 605-bedroom hospital in Kolkata
Indian construction group Larsen & Toubro has won a deal to build a 605-bedroom hospital and medical college in Rajarhat, Kolkata, India
Eiffage and Entech joint venture targets €1bn energy storage market
French construction group Eiffage and technology firm Entech have formed a joint venture dedicated to construction major energy storage projects
Fluor JV breaks ground on US$700 million motorway expansion
Joint venture starts road build in this US state
EU approves €325 million loan for railway line refurbishment in Albania
The rail line will extend the Mediterranean Corridor Trans-European Network and connect Albania’s capital Tirana with Montenegro’s capital Podgorica
Danfoss Power Solutions names new president of Editron division
Chen, who previously served as the vice president of Editron, will be joining the Power Solutions Leadership Team
Cimic Group JV to construct US$500 million crusher
Two Cimic Group companies to build mining crusher in Australia for mining company
3 key takeaways from Eiffage’s first quarter report
Takeaways from the France-based construction company’s first quarter results
Load More