05 Nov 2025

Croatia has inaugurated a new terminal at the Port of Rijeka, marking the country's largest private investment in its maritime logistics sector. Built by APM Terminals and ENNA Group with an investment of over EUR 380 million (about USD 443 million), the project's total value rises to EUR 600 million after adding nearby road and rail infrastructure. The terminal, equipped with advanced automation, renewable energy systems, and a private 5G industrial network, began operations in September and is planned to expand from 650,000 TEUs to over one million TEUs in capacity.Read more

04 Nov 2025

A North Dakota judge has reduced the damages Greenpeace must pay to Energy Transfer from about USD 667 million to USD 345 million in the case linked to protests against the Dakota Access Pipeline. The court ruled that part of the earlier jury award was duplicative or excessive. The lawsuit accused Greenpeace of defamation, trespassing and conspiracy during protests held between 2016 and 2017. Greenpeace maintains that the claims are unfounded and that the case is an effort to intimidate activists opposing the company's operations.Read more

04 Nov 2025

Italy's Infrastructure Minister Matteo Salvini has urged the government to move forward with the construction of the long-discussed bridge linking Sicily to the mainland, despite the court of auditors blocking its approval. The project, estimated at 13.5 billion euros (USD 15.7 billion), has been debated for decades due to cost, environmental, and legal issues. Prime Minister Giorgia Meloni has met senior officials to assess the situation as the government considers whether to bypass the court's decision and proceed with the plan.Read more

04 Nov 2025

UK house prices rose 0.3% in the past month, beating expectations and marking continued resilience in the housing market ahead of Finance Minister Rachel Reeves' budget, according to Nationwide. Prices were up 2.4% year-on-year, accelerating from 2.2% in the previous month, while economists had predicted no monthly change. Chief Economist Robert Gardner said the market's strength was notable despite high mortgage rates and soft consumer confidence. The Bank of England reported stronger-than-expected mortgage approvals, and Gardner suggested affordability could improve if income growth outpaces prices. With household debt at a 20-year low and borrowing costs likely to ease, the housing market appears stable but cautious ahead of fiscal policy announcements.Read more

04 Nov 2025

Abu Dhabi-based investment manager Lunate and HPS Investment Partners announced that Lunate will anchor a new platform with a commitment of at least USD 1 billion. The vehicle, named the HPS Strategic Solutions Partners Platform, will focus on privately negotiated preferred and common-equity investments as well as related debt instruments in large corporates primarily in the United States and Europe. The partners also say that investors based in the Middle East will be able to access the platform. Lunate manages over USD 110 billion and is part of Abu Dhabi's push to build a strong alternative investments hub.Read more

04 Nov 2025

Cushman & Wakefield reported a solid third-quarter performance, with revenue rising 11% year-on-year to USD 2.60 billion, supported by strong growth in the Americas. The company's adjusted earnings per share (EPS) stood at USD 0.29, higher than analyst expectations of USD 0.27, while adjusted EBITDA reached USD 159.6 million. Net income rose to USD 51.4 million. Alongside this, the firm prepaid USD 100 million of term loan debt to improve leverage and raised its full-year 2025 adjusted EPS growth forecast to between 30% and 35%.Read more

03 Nov 2025

Mortgage rates in the United States declined last week, with the average 30-year fixed-rate mortgage easing to around 6.17%, the lowest level in about a year. The drop follows the Federal Reserve's recent 25-basis-point rate cut, though further reductions are unlikely soon as Treasury yields have risen. The lower rates have encouraged refinancing activity but have not provided a major boost to home sales, which remain constrained by high property prices, a cooling labour market, and growing economic uncertainty.Read more

03 Nov 2025

Saudi Arabia is reportedly steering its USD 925 billion Public Investment Fund (PIF) away from real estate gigaprojects that have dominated its Vision 2030 agenda over the past decade. The revised strategy aims to emphasise sectors such as logistics, mineral exploration, artificial intelligence, clean energy, and religious tourism. The shift reflects mounting pressure on PIF to deliver stronger near-term returns following delays in large-scale developments like NEOM and other futuristic ventures under Crown Prince Mohammed bin Salman's economic diversification initiative.Read more

03 Nov 2025

Larsen & Toubro (L&T) has secured multiple power infrastructure contracts in Saudi Arabia valued between INR 2,500 crore and INR 5,000 crore. The orders include building a gas-insulated substation and developing over 420 km of overhead transmission lines. These projects are part of Saudi Arabia's National Renewable Energy Programme (NREP), which aims to modernize and strengthen the national electricity grid to integrate renewable power. The development also reinforces L&T's growing presence in the Middle East's power transmission sector.Read more

03 Nov 2025

The UK's Competition and Markets Authority (CMA) has officially closed its investigation into seven leading housebuilders Barratt Redrow, Persimmon, Taylor Wimpey, Bellway, Berkeley Group, Bloor Homes, and Vistry Group after accepting binding commitments to address concerns of possible anticompetitive conduct. The firms have jointly agreed to contribute GBP 100 million (USD 134 million) to affordable housing schemes, stop sharing confidential pricing information, and strengthen compliance systems. The CMA decided to close the case without concluding whether competition law had been breached, marking the end of a months-long inquiry.Read more