Ons

Germany

HyperStrong and LEAG to Develop 1.6GWh BESS Project in Germany

HyperStrong International, the Germany-based subsidiary of Beijing HyperStrong Technology, has signed an engineering, procurement, and construction contract wit…

United States

Nokia Plans $4 Billion AI Investment in the United States

Nokia, the Finland-based telecommunications equipment provider, announced on Friday a planned investment of $4 billion in the United States, focused on research…

Russian

Shipping Giant CMA CGM Resumes Russia Trade With Food Cargo

CMA CGM, the French-based global container shipping company ranked third worldwide, has resumed limited shipping services to Russia focused on foodstuffs, appro…

SAF

Phillips 66 to Supply SAF to DHL for Three Years

Phillips 66 has secured a three-year agreement to supply DHL Group with more than 240,000 metric tons of sustainable aviation fuel (SAF). The fuel will be produ…

Indonesia

POSCO International to Invest $862 Mln in Indonesian Palm Oil Business

POSCO International has completed a $862 million investment program to establish a fully integrated palm oil value chain in Indonesia, covering plantations, cru…

United States

US Existing Home Sales Increase in October

U.S. existing home sales rose in October as prospective buyers capitalized on declining mortgage rates, despite ongoing challenges from elevated housing costs a…

Power Construction

Siemens Energy to Invest $2.3 Billion in Power Grid Factories by 2028

Siemens Energy has announced plans to invest approximately 2 billion euros (equivalent to 2.3 billion U.S. dollars) in expanding and modernizing its worldwide p…

Armenia

Armenian Firm to Invest amd1.9bn in New Cement Plant

Dragsman Cement, an Armenian cement producer, has received government approval to invest AMD 1.9 billion (approximately US$5.0 million) in a new production line…

Nuclear Power Plant (NPP)

Third San’Ao Unit Under Construction

Construction of Unit 3 at the San’ao nuclear power plant in Zhejiang Province officially commenced with the first concrete pour for its nuclear island on …

United States

World’s Longest Subsea Cable Completed: Meta’s 2Africa Set to Supercharge Connectivity Across Africa

The 2Africa subsea cable system, one of the largest international telecommunications projects ever deployed, has now completed its core network and is fully ope…

India

India Railways Launches Cement-Bulk Transport Reform

Indian Railways has launched a new freight policy designed to significantly increase the transport of bulk cement by rail across the country. The initiative int…

Peru

APM Terminals to Invest $550 Mln in Peru’s Callao Port

APM Terminals, the Dutch-based global port operator, will invest $550 million to expand the Multipurpose North Terminal at Callao Port in Peru, with constructio…

United States

Nutrien Selects US Site for Potash Terminal

Nutrien (NTR.TO), the world’s leading producer of potash fertilizer, announced on Wednesday that it is advancing plans to construct a new export terminal at Lo…

Bahrain

Gulf Air Increases 787 Dreamliner Order

Boeing and Gulf Air announced that the Bahrain-based carrier has finalised a firm order for 15 Boeing 787 Dreamliners, with options for three more, aimed at exp…

Sweden

Skanska Aims for Higher Construction Profit Margins

Swedish construction company Skanska announced on Tuesday that it has raised its financial target for the operating margin of its construction division to a min…