Updated Dec. 9, 2023 12:32 pm ET Listen to article (2 minutes) Israeli soldiers clashed with Hamas militants in the narrow streets of some of Gaza City’s oldest and most crowded neighborhoods, with blasts severely damaging a large seventh-century mosque and setting some residential buildings ablaze. The Israeli military on Saturday instructed the remaining residents … Read more
The Silkyara road tunnel in northern India, which partially collapsed on November 12 Arun SANKAR Text size Indian military engineers were preparing to dig by hand Monday to reach 41 workers trapped in a collapsed road tunnel for 16 days, a rescue operation hit by repeated setbacks. Soldiers plan to use a so-called “rat-hole mining” … Read more
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The global construction industry is currently confronting several headwinds that are shaping its trajectory. These challenges stem from a complex interplay of economic uncertainties, geopolitical tensions, labor shortages, regulatory complexities, and environmental issues. The industry is undergoing a profound transformation, propelled by technological advancements, changing demographics, and a growing emphasis on sustainability. As we look … Read more
For decades, transit officials in Los Angeles have wanted more riders like Roy Orecchio. The reality television showrunner, 50, is the definition of what planners sometimes call a choice rider — someone with the option to commute by car but who opts to take transit. To get from his home in Lincoln Heights to work … Read more
In August, shortly after the news broke that Country Garden Holdings Co. had hit a full-blown funding crisis, 38-year-old Huailan crept into the Shandong construction site where her new family home should have been all but finished. She ducked under the wire fence, climbed 18 flights of stairs to a nearby rooftop and took in … Read more
The real estate division of PGIM, the $1.3tn US-headquartered asset manager, has launched an innovation lab, partnering with University College London and other global institutions to develop new technologies. The lab, RealAssetX, will tap more than 50 years of data from PGIM Real Estate — as well as from third parties — to develop new technologies … Read more
They’re relatively easy to forge, often get lost and can add huge amounts of time to the intricate maze through which international commerce is transacted. Yet paper documents still rule in the $25 trillion market for global merchandise trade. That system — where the exchange of physical bills-of-lading has gone on for centuries — remains … Read more
The list of changes the world will have to make to get on track to hit net zero emissions by mid-century is long. But some challenges stand out as bigger than others. This week BloombergNEF announced the three focus areas for its annual Pioneers awards for early-stage climate tech startups and opened applications. This year’s … Read more
Developers have started selling villas that will be built in a new Zimbabwean city that’s targeting the economically troubled country’s elite and may eventually be designated its capital. Under the first phase of the so-called Cyber City, 50 luxury villas are now available for pre-selling, according to Vanessa Vos, managing director at the Pam Golding … Read more