European stocks rallied on Thursday, as easing oil and gas prices offered relief to investors worried about runaway inflation, while positive earnings updates in the construction and materials sector added to the upbeat sentiment. The pan-European STOXX 600 index rose 1.0 percent to reverse weekly losses, with buying seen across sectors barring oil & gas….
European Shares Rally on Cooling Energy Prices, Construction Sector Gains
October 7, 2021
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US Construction Spending Flat in August
WASHINGTON—U.S. construction spending was unexpectedly flat in August as an increase in public sector projects was offset by weakness in the private sector. The Commerce Department said on Friday that the unchanged reading in construction spending followed a 0.3 percent gain in July. Construction spending increased 8.9 percent on a year-on-year basis in August. Economists…
Aussies Gather at Shrine of Remembrance for 3rd Day of Protests
Protests have continued for the third day in the Australian city of Melbourne after the Victorian state government shut down the construction industry for two weeks on Tuesday. The state government cited COVID-19 compliance issues in the construction industry and violent demonstration scenes outside the offices of the CFMEU construction union, which occurred on Monday…
Australians Gather at Shrine of Remembrance for 3rd Day of Protests
Protests have continued for the third day in the Australian city of Melbourne after the Victorian state government shut down the construction industry for two weeks on Tuesday. The state government cited COVID-19 compliance issues in the construction industry and violent demonstration scenes outside the offices of the CFMEU construction union, which occurred on Monday…
Chinese Buyers Seek Answers at Unfinished Evergrande Apartments
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America Is Short of Over 5 Million Homes Amid Surge in Demand and Lack of Construction: Report
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New Standard to Cut Harm in Construction
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Victorian Construction Workers Urged to Get Vaccinated by Christmas
The Victorian construction industry hopes tens of thousands of workers will get vaccinated by Christmas or earlier to prevent site shutdowns amid state government lockdowns. This comes as the NSW construction industry enters the second week of forced shutdown, while Victorian construction sites are currently permitted to operate during lockdown with capacity limits. “We hope that…
5 Killed in School Construction Site Collapse in Belgium
PARIS—A school undergoing construction work collapsed in the Belgian city of Antwerp, killing five workers and injuring nine others, according to local authorities. An investigation is underway into the cause of the accident. Firefighters and rescue dogs labored through the night after Friday’s accident to pull out the victims one by one, while the construction…
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