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Orascom Construction Industries NV
Egypt’s richest man Nassef Sawiris considers breaking up his empire
...The businessman is the youngest son of the late Onsi Sawiris, who founded a construction company in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction...
February 14, 2024
Property sector
Duke of Westminster’s property group launches £900mn lending arm
...Dickie said that because Grosvenor was already a commercial developer, funding construction was “already within our risk appetite” and the company could more easily “take a view on pricing that risk”....
March 23, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
ReviewBooks
Who Owns This Sentence? — an attack on copyright
...distributors’ cartels, whether The Stationers’ Company of London or the Motion Picture Association of America....
January 11, 2024
Rachman Review podcast23 min listen
How do you define a war crime?
...Gideon discusses the history of international humanitarian law since the first world war with Boyd van Dijk, a historian at Oxford university and author of a recent book, Preparing for War - The Making of...
April 11, 2024
UK economy
Rise in civil engineering activity boosts UK construction sector
...“Construction companies generally commented on a broad-based rebound in tender opportunities, helped by easing borrowing costs and signs that UK economic conditions have started to recover in the first quarter...
April 5, 2024
Climate change
London and other UK cities unprepared for effects of climate change
...Last year was the hottest on record globally, and the second hottest in the UK. “We need to recognise that Londoners now face lethal risks, and a step change is needed,” said Boyd....
January 17, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
News updates from March 8: US adds 275,000 jobs in February; Bitcoin and gold touch new highs
Rivian pauses construction of new Georgia factory
...Rivian is pausing construction of a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
March 7, 2024
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
Rivian pauses construction of new Georgia factory
...Rivian is pausing construction on building a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
March 7, 2024
ReviewBiography and memoir
The Maverick — George Weidenfeld, publisher to saints and sinners
...The author was neither “authorised” nor censored, but had access both to company archives and private letters and diaries....
September 27, 2023
Construction sector
UK construction activity stabilises on back of falling inflation
...Commercial construction activity declined in February, with contractors citing client hesitancy and constrained budgets....
March 6, 2024
News updates from February 6: US court denies Trump presidential immunity, Boeing jet in Alaska Airlines blowout was missing bolts
UK construction sector optimism hits two-year high
...Tim Moore of S&P Global Market Intelligence said construction companies were “increasingly optimistic that the worst could be behind them soon as recession risks fade and interest rate cuts appear close...
February 6, 2024
Chinese business & finance
Chinese state-owned bank seeks liquidation of property developer Shimao
...Named after a father and son duo who began running the company in 2001, Shimao had outlined a restructuring proposal in late March that included short-term and long-term notes, as well as convertible bonds...
April 8, 2024
Industrial metals
Norsk Hydro warns of construction demand slump similar to pandemic
...Pål Kildemo, chief financial officer of the Norwegian company, said this construction crash because of high rates and rising building costs had hit the aluminium sector hard, undermining earnings of Hydro...
February 20, 2024
Travel & leisure industry
International hotel chains step up plans to expand in Europe
...“The momentum in Europe has been building and accelerating,” said IHG chief executive Elie Maalouf, adding that high construction costs and the continent’s large number of independent hotels presented “an...
April 21, 2024
News updates from January 5: US jobs market strengthens in December, Chinese shadow bank Zhongzhi files for bankruptcy
UK construction downturn eased in December, survey finds
...But he said “expectations of falling interest rates during the months ahead” appeared to have supported confidence at construction companies....
January 5, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
Liontrust
Liontrust kicks off hunt for new chair
...Barbour’s tenure on the board of Liontrust was the subject of a row last March, with fellow board members Emma Howard Boyd and Quintin Price resigning with immediate effect....
January 25, 2024
German economy
German factory production expands at fastest rate for a year
...German industry has rebounded more strongly than expected at the start of this year after factory production grew at the fastest rate for a year in February, thanks to strong growth in construction and carmaking...
April 8, 2024
Investments
Directors’ deals: Breedon chair buys into US push
...Construction materials group Breedon has had an eventful 12 months....
April 12, 2024
German economy
German union pay demand of 21% raises inflation fears
...A survey by the German Chamber of Commerce and Industry (DIHK) in November found that just over half of the country’s construction companies were struggling to fill vacancies....
January 18, 2024
Construction sector
UK construction activity contracts for third month in a row
...Separate PMI data published earlier in the week for manufacturing and services marked construction as the worst performing sector, with services reporting a marginal expansion last month and the downturn...
December 6, 2023
News in-depthNikkei Asia
Malaysia revives ‘ambitious’ high-speed rail plan amid hurdles
...During the initial review of the private-sector proposals, the Chinese consortium consisting of China Railway Construction, China Communications Construction and the Export-Import Bank of China, was seen...
March 13, 2024
Bellway PLC
Bellway chief says housing market ‘on the road to recovery’
...The company expects to build 7,500 homes in the 12 months to July, down from almost 11,000 in the same period a year ago. Shares were broadly flat in morning trading on Tuesday....
March 26, 2024
ReviewFiction
The Factory — a nightmarish Japanese satire on working lives
...This is captivating, disquieting prose, deftly captured in David Boyd’s translation....
December 7, 2023
LexBanks
More Chinese banks need to take a hard stance on easy loans Premium content
...Historically, these large banks have been called on to bail out struggling companies during times of distress, such as through buying stakes in troubled local banks and offering more bailout loans to developers...
April 8, 2024
UnhedgedRobert Armstrong
How dominant is fiscal dominance? Premium content
...Meanwhile, state and local (S&L) government construction spending also fell 1 per cent in January, the first monthly decline since August 2022....
April 1, 2024

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