The government has leveraged anger over the collapse of Genoa’s Morandi Bridge to take back control of the nation’s highways. But critics say the deal sends a troubling message to investors.
Tag: Infrastructure (Public Works)
China Tries Its Favorite Economic Cure: More Construction
Strong sales at China’s biggest construction equipment maker show Beijing’s strategy for recovery after the virus. But while the company, XCMG, is prospering, the rest of the economy is struggling.
China’s Economy Rebounds From Coronavirus, but Shares Fall
Heavy spending on roads and rail lines reversed the economy’s outbreak-induced nose-dive in February and March. But retail sales stayed weak, alarming investors.
Genoa’s New Bridge Nears Completion, Turning Tragedy Into Hope
Nearly two years after 43 people died when a bridge collapsed, its replacement, built in record time, has become a symbol of Italian can-do.
Americans Coping With the Coronavirus Are Clogging Toilets
Sewage systems and toilets are backing up as consumers clean their homes with disinfectant wipes and turn to paper towels, napkins and baby wipes to cope with the lack of toilet paper.
SNC-Lavalin Is the Talk of Ottawa Again, if in a Very Different Context
Frustrations over a new light-rail system in the national capital built by a group that includes SNC-Lavalin have led to questions about a popular method for contracting big projects.
Boris Johnson Backs HS2, U.K.’s $130 Billion Railroad Plan
The high-speed rail project is hated by many in the prime minister’s Conservative Party. But it could be a symbol of his commitment to new supporters in northern England.
E.U. Recommends Limiting, but Not Banning, Huawei in 5G Rollout
The bloc’s experts suggested members limit and monitor the involvement of “high-risk” vendors as they invest in next-generation mobile communications infrastructure.
Myanmar Unrolls a Welcome Mat for China, but Not All the Way
As Xi Jinping visits Myanmar, fighting in ethnic borderlands threatens China’s ambitious investment plans.
Japan Plans to Spend $120 Billion to Stimulate Slowing Economy
Prime Minister Shinzo Abe announced the spending as the country’s economy has slowed because of reduced demand from China and tensions with South Korea.