27 Oct 2025

The White House is seeking more donors for President Trump's 300 million USD ballroom, with nearly 200 million USD already pledged. Contributions come from major corporations such as Amazon, Apple, Meta Platforms, Microsoft, and Google, alongside high-profile individuals including the Winklevoss twins. Originally estimated at 200 million USD, the project's cost increased due to the demolition of nearly the entire East Wing, drawing criticism from preservationists. Trump has pledged personal contributions, while the White House maintains that transparency and oversight are being followed. Fundraising and construction efforts are ongoing.Read more

27 Oct 2025

Digital Realty Trust has raised its annual core FFO and revenue forecasts, reflecting strong demand for data center services fueled by AI growth. Hyperscalers like Amazon, Meta, Alphabet, and Microsoft are expected to invest over USD 360 billion this year, mainly for data center expansion. The company leases managed data centers to clients across IT, cloud, communications, and manufacturing sectors and recently partnered with Dell Technologies and DXC Technology to integrate AI solutions into customer data. Quarterly revenue and core FFO exceeded estimates, showing continued growth momentum.Read more

27 Oct 2025

Saudi Arabia's AlUla cultural heritage site is preparing to open investment opportunities worth about 6 billion SAR (USD 1.6 billion) for private sector participation. The Royal Commission for AlUla (RCU), which currently receives funding from the Saudi finance ministry, aims to attract private investors as part of the kingdom's Vision 2030 initiative. According to RCU's Chief Tourism Officer, Phillip Jones, around 21 projects will be presented to the market by the end of this year or early next year to further AlUla's tourism and infrastructure development.Read more

26 Oct 2025

The UK Competition and Markets Authority has started a formal investigation into Unite Group's plan to acquire Empiric Student Property, amid concerns over market consolidation in student accommodation. The regulator will assess whether the deal could limit competition, affect rental affordability, or reduce choices for students. Unite Group's move reflects a wider trend of larger operators expanding through acquisitions to meet growing demand. The CMA's initial phase 1 decision is expected later this year, and it could require changes to the deal or block it entirely.Read more

26 Oct 2025

Danish logistics giant DSV has slightly exceeded third-quarter profit expectations but lowered its full-year 2025 outlook, citing weaker demand and significant foreign exchange challenges. The company now expects operating profit before special items to range between DKK 19.5 billion and DKK 20.5 billion (USD 3.05-3.20 billion), down from the earlier projection of up to DKK 21.5 billion. Market pressures affecting DSV include falling freight rates and earlier trade tariffs. The firm is taking steps to manage costs, monitor operations, and maintain efficiency amid these ongoing uncertainties.Read more

26 Oct 2025

Dubai-based real estate developer Emaar has ruled out participation in post-war reconstruction projects in Gaza. Founder and chairman Mohammed Alabbar stated that the responsibility for rebuilding lies with those responsible for the destruction. Speaking at a summit in Abu Dhabi, Alabbar emphasised his focus on generating returns for shareholders while also highlighting Emaar's ongoing and upcoming ventures in Egypt, India, and China, alongside his commentary on global housing challenges, particularly in the United States.Read more

26 Oct 2025

Brandywine Realty Trust posted a third-quarter net loss of USD 26.2 million with EPS of negative USD 0.15 and FFO of USD 28 million, or USD 0.16 per share. The company lowered its 2025 FFO guidance to USD 0.51-0.53 per share and adjusted its expected loss to negative USD 1.05-1.03 per share. Key factors include progress on speculative revenue, low forward lease expirations, and strong liquidity with USD 75 million in cash. Analysts maintain a cautious "hold" rating, while the 12-month price target suggests potential upside of around 26%.Read more

26 Oct 2025

Canada's housing market slowed in September, with national home sales falling 1.7 percent from the previous month, according to the Canadian Real Estate Association (CREA). The decline ended a five-month streak of steady growth seen since April. Lower sales in markets such as Greater Vancouver, Calgary, Edmonton, Ottawa and Montreal outweighed gains in the Greater Toronto area and Winnipeg. Despite the monthly dip, sales were 5.2 percent higher than a year ago. CREA noted that activity still reached its strongest level for September since 2021, reflecting continued underlying demand despite recent price softness.Read more

26 Oct 2025

JERA Nex BP has decided to pause the U.S. Beacon offshore wind project and lay off its American staff, citing rising costs, supply chain challenges, inflation, and regulatory hurdles. While the company will retain lease rights off Massachusetts, it sees no immediate path to further investment. Formed in August after a December agreement between JERA and BP, the joint venture manages assets and development projects with 13 gigawatts potential. The decision underscores ongoing difficulties in the U.S. offshore wind sector, including cost pressures and policy uncertainties.Read more

26 Oct 2025

Holcim, the Swiss building materials company, has acquired German walling specialist Xella for EUR 1.85 billion (around USD 2.16 billion) to strengthen its presence in Europe's growing refurbishment market. Xella, known for brands such as Ytong, Silka, Hebel, and Multipor, serves 21 European countries and employs over 4,000 staff. The acquisition, Holcim's largest in over four years, supports the company's strategy of focusing on sustainable construction and its higher-growth building products business. The deal is expected to be earnings accretive in its first year.Read more