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International Business

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South Korean exports fall 2.7% in first 20 days in January

SEOUL, South Korea: Korea Customs Service data released this week showed that South Korean exports for the first 20 days ...

Ireland had highest EU budget surplus in third quarter 2022

DUBLIN, Ireland: Ireland reported a higher budget surplus than any other country among the 27-member European Union for the third ...

As yearly output declines, experts say US manufacturing in recession

WASHINGTON D.C.: Based on a range of measurements, US manufacturing could have entered a recession in the fourth quarter of ...

US Wolfspeed to build $2.17 billion chip factory in Germany

FRANKFURT, Germany: German media has reported that American power chipmaker Wolfspeed Inc is planning to build a factory in Germany, ...

Japan employers agree with prime minister to raise wages

TOKYO, Japan: More than half of major Japanese companies are planning to raise wages this year, after Prime Minister Fumio ...

Taiwan Q4 GDP plunges to lowest in 13 years

TAIPEI, Taiwan: Highlighting its worst performance in 13 years, Taiwan's trade-dependent economy contracted in the fourth quarter, affected by declining ...

Construction

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Officials cautious as lower mortgage rates increases home buying

WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...

Bank of Canada hikes policy interest rate by 25 basis points

© Provided by Xinhua Inflation is projected to come down significantly this year. Lower energy prices, improvements in global supply ...

UK house prices forecast to slump

Average home prices could fall by up to 10% this year, Lloyds Bank predictsBritish house prices, which have been on ...

Construction industry contributed $186.8 bn to Arab GDPs in 2021

ABU DHABI, 28th December 2022 (WAM) - The Arab Monetary Fund (AMF) said that the Arab construction sector has recovered ...

'Big 5' to explore future-proofing of construction industry

DUBAI, 4th December, 2022 (WAM) -- The 43rd edition of the Big 5, the largest and most influential construction event ...

The BIG 5 2022 to set global construction industry on dynamic transformative trajectory

DUBAI, 29th November, 2022 (WAM) - As Dubai gears up to host the 43rd edition of the Big 5 - ...

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