building

Rising Lumber and Construction Material Prices: Upcoming Changes Due to Tariffs

3 months ago

Recent changes in trade policy could lead to increased prices for lumber and other construction materials in the U.S. This warning has become common among specialists in the construction industry and economists as pressing issues regarding tariffs on imported lumber and related factors become increasingly relevant.

Germany Reaches Rescue Deal for Shipbuilder Meyer Werft

8 months ago

The German government has struck a deal to provide financial support to shipbuilding company Meyer Werft, which is on the brink of bankruptcy. This decision marks a significant step in rescuing the company, as it plays a crucial role in the regional economy and in the production of cruise ships. Meyer Werft, established over 200 years ago, is renowned for its innovative projects and high-quality products. However, the COVID-19 pandemic and subsequent economic challenges have severely impacted the industry, leading to a decrease in demand for cruise vessels and, consequently, financial woes for the company.