The U.K. construction market continues to propel the contractor even as its U.S. segment experiences difficulties, according to its end-of-year trading update.

Megaprojects are boosting the building pipeline as overall momentum dips for a second consecutive month, according to Dodge Construction Network.

Turner is overseeing overall construcition in the ultralux mixed-use development, while Layton and Suffolk build its two residential towers and PCL leads construction on its Aman Hotel.

New York City officials cited an equipment failure as the inciting incident in a chain of events that sent a tower crane’s boom crashing to a city street in July 2023.

Futures traders have increased the odds that the Federal Reserve on Dec. 10 will cut borrowing costs to 89% from 83.4.% last week.