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...The S&P Global/Cips UK construction purchasing managers’ index, a measure of the health of the industry, rose to 50.2 from 49.7 in February, the fourth consecutive month-on-month increase....
...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...
...Housebuilding registered the biggest improvement, with new orders for residential construction work increasing in February to 49.8, up from 44.2 in January and the highest level since November 2022....
...Property investment fell 9 per cent year on year in January and February, while new construction starts plummeted 30 per cent....
...The metal, which has a wide range of uses including in construction, power lines and electric vehicles, is widely seen as a key barometer of global economic health....
...But in weeks without official news — when it’s just Musk’s tweets and the surrounding ecosystem of grift and nonsense — the stock is up 1 per cent on average....
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...Electrek, the tech publication, first reported news of the job cuts. Tesla declined to comment. Additional reporting by Sylvia Pfeifer in London and Stephen Morris in San Francisco...
...New construction starts plummeted 30 per cent, the worst fall in more than a year....
...The property sector showed little sign of recovery in the first quarter, with residential real estate investment down 10.5 per cent year on year, new housing starts tumbling 27.8 per cent by construction...
...industrial orders to their lowest level since the emergence of Covid-19....
...Texas is only to launch its new corporate law court this year. Tesla insisted its advisers’ analysis suggested that there would be no discount applied to a company in an untested legal environment....
...They say local authorities granted Tesla too many exemptions from German planning law in their push to secure the landmark investment and complain that since the plant’s construction it has had a detrimental...
...“We will now move on, with this unnecessary distraction behind us, and look to the future,” he said, adding that Teesport has had a key role in the area’s industrial development since the 19th Century....
...The Ocean Wind projects had promised to generate more than 2 gigawatts of offshore wind power in New Jersey....
...instead of new builds....
..., New York and New Jersey....
...The news outlet/hedge fund Hunterbrook, in its debut article/short sale, sent the stock of United Wholesale Mortgage down 8 per cent....
...High interest rates and a slowdown in housebuilding have driven a contraction in UK construction activity for the third month in a row, according to new data released on Wednesday....
...Boulevard in Union City, New Jersey....
...Sales of new homes in the UK are picking up as mortgage rates stabilise and the housing market shows early signs of recovery, according to FTSE 250 developer Bellway....
...Tesla cut prices by up to 20 per cent last year amid a proliferation of low-cost vehicles from China. The good news is profitability and high share prices have allowed Tesla to bank funds....
...Lipton at the time wondered out loud about blue-chips ditching their Delaware domiciles — where the majority of large, listed American companies choose to incorporate — for the likes of New Jersey and Pennsylvania...
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