News Prices up, confidence down after 100 days of Trump 2.0 Tuesday marked the 100th day of President Donald Trump’s second term in office and there are signs of stress and jitters in the US construction industry, with rising prices, falling…
News Plug pulled on more university projects amid funding uncertainty 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…
News Will Trump’s tariffs make a white elephant of Canada’s new bridge to Detroit? Canada’s C$6.4bn Gordie Howe International Bridge linking Windsor, Ontario and Detroit, Michigan is due to open in September, but President Trump’s trade war on Canada could make it a white…
News Lawsuit claims ‘cartel’ of big US equipment rental firms inflated rates for years US law firm Berger Montague has filed a class action antitrust lawsuit in Chicago district court against an alleged “cartel” of some of the country’s biggest construction equipment rental companies,…
News Hong Kong contractor Paul Y liquidated by government Hong Kong’s 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…
News University halts work on $300m research hub amid Trump funding freeze 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,…
News Turner launches venture capital unit to tool itself up with tech Hochtief’s 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,…
News European battery champion Northvolt files for bankruptcy EV battery maker Northvolt has filed for bankruptcy in Sweden after making an “exhaustive effort” to secure a viable future. The company said in a statement that it had faced…
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…
News German builders applaud proposed €500bn infrastructure fund German builders have welcomed plans announced yesterday by the likely new German governing coalition to set up a €500bn special fund to address the country’s failing infrastructure. It came after…
News Canadians have to ‘increase savings 50%’ to solve housing crisis 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…
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 Investors pump $160m into Addis Ababa special economic zone Six investors have signed service level agreements with the Industrial Parks Development Corporation (IPDC) and are spending $160m in the construction factories at the Bole Lemi Special Economic Zone, the…
News All eyes on Trump for $7.5bn Portland-Vancouver bridge Oregon is hoping to begin work in September on the long-delayed bridge over the Columbia River, but local politicians worry about President Trump withholding pledged federal funding, Oregon Public Broadcasting…
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…
Companies Germany’s Drees & Sommer acquires US consultant VVA German construction consultant Drees & Sommer has acquired US project and cost consultant VVA in a bid to expand in North America. Stuttgart-registered Drees & Sommer employs some 6,500 people…
News Eurozone construction records 34th straight month of contraction Construction activity in the Eurozone has recorded its 34th straight month of decline, according to the latest PMI survey from S&P Global and the Hamburg Commercial Bank (HCOB). Sentiment among…
News Builders welcome Trump’s 30-day tariff pause US house builders have welcomed Donald Trump’s 30-day pause on his plan to impose 25% tariffs on imports from Canada and Mexico, but they urge more dialogue to make the…