News Inflation pushes Osaka World Expo costs to $1.5bn The expected construction cost of the 2025 World Exposition in Osaka has risen $300m to more than $1.5bn, reports Japanese news site NHK. The costs of the Expo, which will…
Markets Gloomy forecast for EU construction sector High interest rates and soaring building costs have brought an end to growth in the EU’s construction industry and are likely to lead to a decline next year. These are…
News US construction workers get “massive” wage rise The US Department of Labor (DOL) has updated the so-called prevailing wage rule for federally funded construction projects, saying people working on them would earn “thousands of extra dollars” a…
News China Railway ex-boss guilty of taking bribes worth nearly $8m The former general manager of China State Railway Group yesterday pleaded guilty to taking bribes over a period of 18 years, China Daily reports. Sheng Guangzu, 74, was on trial…
News Australia concludes sting on $92m illegal employment ring A two-and-a-half year investigation carried out by the Australian Border Force and Australian Taxation Office has led to the conviction of four Chinese nationals working in the construction industry in…
News Kentucky construction owner convicted of fraud on $15m contract The founder of a South Carolinian construction company has been charged with wire fraud and money laundering after a six-day trial. Antoine Berenyi, 63, was the founder of Charleston-based contractor…
News Luxembourg to spend €150m to boost construction Luxembourg’s government plans to bolster the country’s flagging construction sector with a €150m package of incentives, news site RTL Today reports. To stimulate house building, it will offer a €20,000…
News Construction workers saw highest real-wage growth of any sector in 2022 Construction workers in the US enjoyed real-wage growth of 2.9% last year, the highest of any sector in the country, the ADP Research Institute said. The finance industry came second…