China has taken steps to restrict the number of public–private partnerships (PPPs) entered into by local government bodies, citing their role in rising debt. Sources familiar with the matter told…

Spanish contractor ACS, Europe’s third largest construction group after Bouygues and Vinci, has hired French banking group Société Générale and Bank of America to sell its services unit, Clece, newspaper…

Fears are growing for the health of Germany’s property sector after work stopped on one of the country’s tallest buildings. Designed by Christoph Felger of David Chipperfield Architects, the 254m…

An upsurge in data centre construction in emerging markets is driving up costs, according to research from Turner & Townsend. Its Data Centre Cost Index 2023 analyses costs from some…

The Chartered Institute of Building (CIOB) has called on the Irish government to raise the Value Added Tax (VAT) on demolition projects from the discounted rate of 13.5% to the…

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…

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…

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…

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…

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…

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…

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…

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…