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...“Focus has now shifted towards tackling mid- to long-term debt of LGFVs, which, while less likely to cause spillover effects, requires more time to manage effectively.”...
...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...
...It has not been an ordinary year in the First State. About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...You can imagine the excitement on Wall Street as this mid-cap, cash sinkhole turns up. Sparta, which also wants a review to look at a sale, might fare better with bidders....
...China Construction Bank has filed a winding-up petition in Hong Kong against property developer Shimao in a rare case of a major state-owned financial institution initiating offshore legal action against...
...The company, a crucial Boeing supplier, installs the plugged door as part of the construction of the 737 Max fuselage for some aircraft....
...The latter’s Yggotel, Select and Novum hotels will be rebadged as Garner, IHG’s new mid-range brand, while its niu brand will become Holiday Inn — the niu....
...The company this week reported burning almost $4bn in cash in the first quarter as production rates slowed....
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...Musk is also seeking to change the company’s state of incorporation to Texas, partly in protest at a Delaware court decision to void a $56bn pay package he was awarded in 2018....
...The $7bn line was built by a consortium of Indonesian and Chinese state-owned companies, with government support for land acquisition....
...Of the 470 public companies in the Fortune 500, 328 make their corporate home in the small, mid-Atlantic state best known for President Joe Biden and chemicals group DuPont, drawn in part to its stable and...
...Second, although national security officials want stricter controls around how companies choose vendors and suppliers, this type of state interference tends to be anathema to the C-suite, who have, after...
...Meanwhile, state and local (S&L) government construction spending also fell 1 per cent in January, the first monthly decline since August 2022....
...The mid-air breach of the fuselage of an Alaska Airlines Boeing aircraft has put the spotlight on Spirit AeroSystems, one of the plane maker’s biggest suppliers....
...Separately, some companies are mandating that top executives take their tens of millions of pay in company stock rather than underlying investment fund carry....
...Topco was one of the earliest Asian suppliers to set up an office in the US state of Arizona, where TSMC and Intel are both building advanced factories, but the company has put construction of a planned...
...This is a lucrative but often overlooked side business that should help to insulate the company against some of the aforementioned cyclical problems....
...He said the company’s Natrium-branded reactors could be built for about half the cost of standard water-cooled reactors, which have been the cornerstone of the nuclear energy industry since the mid-20th...
...That can no longer be taken for granted with state-owned China Construction Bank (CCB) taking rare legal action against the troubled mainland developer Shimao Group....
...In a punchy promise he said EDF would be aiming to build one to 1.5 reactors a year by the mid to late 2030s in France once its programme really gets going....
...On Sunday it announced that it would separate its ascendant US business, via spin-off, from the global group by mid-2025. Holcim’s current enterprise value is $56bn....
...The state of Montana passed a bill last year to ban TikTok, also by forcing its removal from app stores accessed from inside the state....
...It has also prompted lawmakers in both red and blue states to introduce so-called “Taylor Swift” bills aimed at reining in the ticketing giant....
...The tower topped out in 2021, and some residents have moved in, but construction is still ongoing....
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