Two French investment companies, Fimalac and Latour Capital, have acquired a 58% stake in Systra, a Paris-based engineer that specialises in the transport sector. Systra commented that the deal would…

The New York State Supreme Court judge who ruled this month that contractor China Construction America (CCA) owed damages worth $1.6bn to the developer of the Baha Mar resort in…

A New York State Supreme Court judge has ordered the subsidiary of a major Chinese contractor to pay the developer of the Baha Mar resort in the Bahamas damages of…

Two Singaporean companies who owned the ship that rammed into and brought down Baltimore’s Francis Scott Key Bridge have agreed to pay just under $102m to settle a claim filed…

Vietnam has estimated that the cost of building a railway to China’s southern Yunnan province would be $7.2bn, Vietnamese state media report. The 427km link would run from the border…

Four executives and a corporation were sentenced last week in the US state of Georgia for participating in a long-running conspiracy to fix prices, rig bids and allocate jobs for…

The US Small Business Administration (SBA), a federal agency, said this week it has no money left for disaster loans after two destructive hurricanes, Helene and Milton, ripped through southeastern…

Poland can pay for the first of two planned nuclear power plants (NPPs) but will have to seek help fund the second, prime minister Donald Tusk said this week, Reuters…

New Jersey roadbuilder MV Contracting has agreed to pay $950,000 to resolve allegations it represented itself as a disadvantaged business enterprise (DBE) to obtain federal contracts, while not accepting any…

The US infrastructure arm of British contractor Balfour Beatty has agreed to pay $80,000 to a female truck driver who was the subject of a sexual harassment, hostile work environment…

A builder in Niagara County, New York, has been sentenced to up to eight years in state prison after a three-year period in which he accepted deposits from homeowners but…

Hamburg Commercial Bank’s latest survey of sentiment among construction’s purchasing managers has shown that the Eurozone’s industry remains obscured by gloom, with new orders continuing to fall as prices and…

Hong Kong’s Independent Commission against Corruption (ICAC) yesterday charged a manager with China Railways 15th Bureau (CR15) with accepting a US$250,000 bribe from a subcontractor. Xu Wenju, 40, deputy general…

A Sydney construction boss and four others have been found guilty of a conspiracy to defraud Australia’s tax office of more than US$7.1m over two years. The Australian Broadcasting Corporation…

Portuguese contractor Mota-Engil said yesterday that its pre-tax profit for the first half of the year rose 12% to €396m and its consolidated group profit rose 65% to €49m. The…

Australia’s economic policy chief, Treasurer Jim Chalmers, has warned that falling iron ore prices linked to a major slowdown in China’s construction output could lead to a A$3bn hole in…

A combination of inflating commodity costs and high interest rates has forced Denmark to postpone the start of work on the first of its planned “energy islands” for at least…

The US Occupational Safety and Health Administration (OSHA) has fined Indiana contractor MDM & Sons Construction LLC a total of $199,000 after alleging that employees were working at heights of…