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India鈥檚 central bank, the Reserve Bank of India (RBI), has said it will require lenders to keep money in reserve equal to 1% of the value of loans given to…

New York-based investor Brookfield Asset Management plans to invest $10bn in AI infrastructure in Sweden. The centrepiece will be an AI data centre in Str盲ngn盲s, about 20km west of Stockholm.…

Mexico plans to raise $6.6bn in public and private funds to upgrade 62 airports by 2030. Tania Carro Toledo, undersecretary for communications and transportation told the National Transportation Infrastructure Forum…

Construction management tech platform Buildots has secured another $45m in series D funding from investors in a round led by Qumra Capital along with OG Venture Partners, TLV Partners, Poalim…

A Singaporean builder has been fined just under S$4.3m (US$3.3m) for colluding with a Chinese firm to rig bids for community-centre projects worth some S$56m in the city state. The…

The government of the Maldives and Dubai鈥檚 MBS Global Investments have announced plans to build a $8.8bn, 780,000 sq m, mixed-use development. The Maldives International Financial Centre, as it will…

Shanghai-based machinery maker Sany Heavy Industry is reporting $10.88bn in revenue for 2024 鈥� a 6.2% hike on the year before 鈥� with net profit attributed to shareholders surging by…

Tuesday marked the 100th day of President Donald Trump鈥檚 second term in office and there are signs of stress and jitters in the US construction industry, with rising prices, falling…

Washington University in St. Louis, Missouri has become the latest US university to halt major construction projects as the Trump administration sows confusion over funding. It hit pause on a…

Canada鈥檚 C$6.4bn Gordie Howe International Bridge linking Windsor, Ontario and Detroit, Michigan is due to open in September, but President Trump鈥檚 trade war on Canada could make it a white…

US law firm Berger Montague has filed a class action antitrust lawsuit in Chicago district court against an alleged 鈥渃artel鈥� of some of the country鈥檚 biggest construction equipment rental companies,…

Hong Kong鈥檚 High Court has liquidated Paul Y. Engineering, a construction and civil engineering company founded in 1946, after it defaulted on debt repayments. Paul Y. is currently involved with…

The University of Arizona (U of A) has stopped construction of an estimated $300m biomedical research hub in downtown Phoenix as the Trump administration slashes university funding. Planned since 2022,…

Hochtief鈥檚 US subsidiary Turner Construction is entering the venture capital business by investing in construction technology startups as a way of acquiring new capabilities. The new unit, called Turner Ventures,…

EV battery maker Northvolt has filed for bankruptcy in Sweden after making an 鈥渆xhaustive effort鈥� to secure a viable future. The company said in a statement that it had faced…

US President Donald Trump sowed more tariff confusion on Thursday when he paused the 25% tariffs on all goods coming into the US from Canada and Mexico that he put…

German builders have welcomed plans announced yesterday by the likely new German governing coalition to set up a 鈧�500bn special fund to address the country鈥檚 failing infrastructure. It came after…

Canada will need to invest more than US$210bn a year to meet its housebuilding targets, according to a report from policy thinktank, the Fraser Institute. The housing market is suffering…