59 minutes ago

Cibus Nordic Real Estate AB reported a steady performance for the first quarter, with rental income reaching EUR 45.3 million, up from EUR 39.1 million in the same period last year. Profit from property management stood at EUR 20.9 million, compared to EUR 18.4 million a year ago, excluding non-recurring items and currency impacts. The company, which focuses on grocery-anchored properties across Nordic markets, has continued to benefit from stable tenant demand and long-term lease structures, supporting consistent income growth.Read more

2 hours ago

A recent global report shows that tropical forest loss declined sharply in the past year, mainly due to stronger policy action in Brazil. However, overall deforestation levels remain higher than global targets, with agricultural expansion continuing to be the biggest driver. Climate change is also worsening forest conditions, leading to more frequent and intense fires. While some countries have managed to control forest loss through consistent policies, emerging policy changes and environmental pressures could reverse recent gains and slow progress towards global forest conservation goals.Read more

02 May 2026

Travis Perkins reported a decline in first-quarter like-for-like sales amid continued weakness in the UK construction market. The company faced pressure from subdued housing demand and high interest rates, while rising energy costs added to input expenses. Despite this, it has been working to pass on higher manufacturer prices to customers. Its Toolstation business showed resilience, partly offsetting weaker merchanting performance. Meanwhile, Howden Joinery posted revenue growth supported by price hikes. Analysts caution that rising prices may impact volumes as consumers delay spending.Read more

02 May 2026

A fire at an under-construction multi-storey residential building in northern Moscow led to the death of at least seven people and left 13 injured. The incident took place in the Aeroport district, where nearly 200 workers were believed to be present at the time. Emergency teams rescued over 30 individuals as firefighters worked through heavy smoke to control the blaze. Authorities have initiated a criminal investigation into possible violations of construction safety norms. The incident has once again highlighted concerns around worker safety and compliance at construction sites in Russia.Read more

02 May 2026

Dubai’s luxury real estate market has continued to witness steady growth across multiple price segments, supported by strong demand and consistent transaction activity despite regional uncertainty. Recent market data showed a notable rise in both transaction value and volumes, with the AED5–10 million segment leading growth, while higher-value brackets also recorded stable expansion. This trend reflects a broad-based confidence among buyers, particularly those adopting a long-term investment perspective. Industry observations indicate that the market is increasingly driven by end-user demand and preference for quality developments rather than speculative activity. Dubai’s established infrastructure, transparent regulatory framework, and long-term urban planning approach have further strengthened investor sentiment. As a result, the city continues to attract global capital, reinforcing its position as a key destination for luxury residential investment.Read more

02 May 2026

Siguler Guff, a US-based private equity firm, has invested USD 40 million (around INR 380 crore) in Trimex Foods, an Indian operator of global restaurant brands such as Chilli’s Grill & Bar, PAUL, and Cinnabon. The investment marks Trimex’s first institutional funding and is aimed at supporting its expansion across India and adding new international brands. Founded in 2010, the company currently runs over 50 outlets across 13 cities. The deal reflects growing investor interest in India’s organised food services sector, which is seeing rising demand for global dining experiences.Read more

02 May 2026

Jakson Infra has secured a USD 62.22 million power distribution contract in Angola under a World Bank-supported programme aimed at improving electricity access. The project focuses on upgrading distribution networks in Luanda to enhance supply reliability. It includes complete execution from design to commissioning. This marks another step in the company’s expansion in international markets, especially Africa. The contract also reflects growing opportunities for Indian infrastructure firms in global energy projects backed by multilateral funding agencies.Read more

02 May 2026

The U.S. Justice Department has asked a federal court to dismiss a lawsuit blocking plans for a White House ballroom, linking the need for the project to a recent shooting incident at a Washington event attended by President Donald Trump. The case, filed by a preservation group, argues that the construction lacks congressional approval. While a district court had earlier halted parts of the project, an appeals court allowed work to continue. The matter has drawn attention due to both its legal implications and the tone of the government’s court filing.Read more

02 May 2026

Airbus reported a sharp decline in its first-quarter performance, with profit falling significantly below market expectations due to lower aircraft deliveries. Engine supply issues from Pratt & Whitney disrupted production schedules, while administrative delays also affected deliveries to China. Despite these challenges, demand for aircraft remained stable, especially in the Middle East, driven by high fuel prices and the need for efficiency. The company has maintained its full-year targets and continues to work toward resolving supplier issues while aiming to meet its annual delivery goals.Read more

01 May 2026

Rio Grande LNG, owned by NextDecade, has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to complete its large-scale LNG export facility in Texas. The request follows ongoing legal disputes with environmental groups that have slowed construction progress. The project, which began construction in mid-2023 after initial approval years earlier, includes multiple production units and storage infrastructure. The first production unit is now expected to be operational by late 2027, while full completion is projected by mid-2031, with additional expansion plans still under consideration.Read more