Markets Trump pauses tariffs after markets slide 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…
Companies Lower-risk projects see Hochtief’s profits soar in 2024 German contractor Hochtief has seen a 20% increase in turnover to €33.3bn and a 48% rise in nominal net profit to €776m. Announcing its 2024 results, chief executive Juan Santamaría…
News US trade body names best American contractors The Associated Builders and Contractors (ABC), a US trade body, has published its list of America’s best contractors in various fields. The results are judged by the total number of…
News ‘DOGE’ job cuts will hurt energy infrastructure and housing, senators say US senators are demanding answers from the Trump administration over what they say are damaging consequences for energy infrastructure and housing after deep and sudden staffing cuts at government departments…
Markets Growth predicted for European construction Management consultant Bain & Company predicts a recovery in some of Europe’s biggest construction markets in 2025 after a two-year slump over 2023-24. Its analysis covers the UK, the Nordics,…
News US states, cities, developers, builders make low-carbon cement pledges The Biden-Harris administration this week unveiled a series of pledges made by some state and city governments along with cement manufacturers, construction firms, developers and tech companies to use lower-emission…
Partner Content How evolving global trends will impact small construction businesses in the UK The UK construction market is set to reach £476.6bn by 2027. Unquestionably, the industry is undergoing a lot of transformation, shaped by technological advancements, socio-economic and political factors, environmental concerns,…
Markets Saudi Arabia set to be ‘world’s largest construction market’ by 2028 Saudi Arabia will be the world’s largest construction market, according to a report by property consultancy Knight Frank and covered in the business press. It said industry output reached $141bn…