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...“We always say that we are builders, not holders,” Sawiris said. “We build assets....
...It is now critical that we immediately stop approvals and construction of new coal power plants and radically accelerate the coal-to-clean transition,” they wrote....
...Its initial phase is due to be inaugurated in November when Chinese leader Xi Jinping visits Peru for a summit of the Asia-Pacific Economic Cooperation forum....
...Bellway said on Tuesday that it would “continue to engage positively and co-operate fully” with the probe. Like other developers, Bellway has increased the use of incentives to support sales....
...“We saw the growing international divisiveness at the last summit in Bali,” said one analyst. “The New Delhi summit is not going to be any different because of the widening international divisions.”...
...Taiwan Semiconductor Manufacturing Co and Foxconn are not the only Taiwanese tech companies feeling compelled to expand abroad....
...China accuses the Philippines of bringing construction materials to reinforce the ship....
...Nearly 90 per cent of construction companies are struggling to hire workers, according to Associated Builders and Contractors, a US industry lobbying group....
...More than a third of US bridge spans need significant repairs and should be replaced, according to the American Road & Transportation Builders Association....
...He said he hoped Scholz would adopt some of these suggestions at a planned construction summit in the chancellery later this month....
...He will not be short of money, not least thanks to his wife Akshata Murty’s £550mn stake in Infosys, the Indian IT company co-founded by her father Narayana Murthy....
...Analysis by the Financial Times last week found that UAE state companies and funds could be linked to almost $200bn in global investments in the year leading up to the COP summit, mostly in green energy....
...For the UK, it’s a lot of booze and builders — never to be mixed....
...Wednesday Brazil: G20 finance ministers meet in São Paulo to prepare for the annual presidential summit in November....
...“The visit comes at an interesting time when China is trying to get more support behind the Belt & Road Summit, the Global Security Initiative that seem to have lost their shine,” said Le Thu....
...Overall, construction investment hit an estimated €172bn in 2022, according to Italy’s national builders’ association, ANCE. This surge in activity reversed a decade of painful industry decline....
...It is set to be a big topic at the COP28 summit this month....
...The two met in 2008, “through buddies”, says McKillen, among them Bono, at Sotheby’s philanthropic Red auction co-curated by the U2 frontman and Hirst....
...Here’s what else I’m keeping tabs on today: APAC summit: US President Joe Biden will hold talks with his Mexican counterpart Andrés Manuel López Obrador on the final day of the summit in San Francisco....
...Monetary policy: Cleveland Fed president Loretta Mester will deliver a speech at the Ohio Bankers League economic summit....
...Senior executives from Google, Intel, Amkor, Marvell, GlobalFoundries and Boeing joined a Vietnam-US Innovation and Investment Summit on Monday led by Biden, US secretary of state Antony Blinken and Vietnam...
...Xi said China would accelerate construction of oil pipelines and increase oil and gas imports....
...We then head across the Atlantic, where former Co-Operative Bank chair Paul Flowers is due in court in Manchester to face fraud charges....
...Earlier this year, Denmark implemented legislation limiting the carbon footprint of new constructions: new buildings must not exceed a carbon footprint of 12kg of CO₂ emissions per square metre per year;...
...“And we don’t have decades: we need to be saving those emissions immediately,” says Jacob Racusin of New Frameworks, a design and construction co-operative in Vermont....
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