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Tag Archives: Ukraine
AGC Considers Leaving Russia
AGC Inc. is debating whether to transfer business out of Russia. Officials say exit discussions center around the company’s architectural and automotive glass business in the country. AGC already suspended investments in Russia in March 2022 due to its war … Continue reading
European Glass Industry Urges Immediate Action to Limit Energy Prices
As the energy crisis worsens in Europe, Glass Alliance Europe has urged the European Commission to provide immediate and impactful action to limit natural gas prices. Glass Alliance Europe and other European officials from energy-intensive industries penned a joint letter … Continue reading
Federal Reserve Hikes Interest Rates By 0.75% to Combat Rising Inflation
The Federal Reserve raised the stakes in the fight to combat rising inflation on Wednesday, hiking interest rates by 0.75% in an effort to douse cold water on historic inflation. The rate hike is the largest increase since 1994. This … Continue reading
Posted in Featured News, News, Today's News
Tagged Americans, car loans, China, combat, COVID, credit, credit cards, economy, Federal Reserve, Federal Reserve Chairman, Freddie Mac, Girard Glass, global economic activity, Guardian Glass, higher borrowing costs, home equity, interest rates, Jerome Powell, Lance Altizer, largest increase, mortgages, price increase, Rick Leserman, Rick Zoulek, rising inflation, Russia, supply chain, Ukraine
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Non-Residential Construction Starts Increase as Projects Enter Backlog
Construction starts are forecast to rise 9% in 2022, prompting Richard Branch, chief economist with Dodge Construction Network, to say he feels “reasonably positive” about the industry’s trajectory. But with many projects just now entering backlogs, some sectors may have … Continue reading
Posted in Featured News, News, Today's News
Tagged 2022, Amazon, backlogs, Bid prices, chief economist, commercial construction, construction starts, Data centers, Dodge Construction Network, Dodge Construction Network 2022 Mid-Year Outlook, Dodge Momentum Index, education starts, Federal Reserve, forecast, health care starts, hotel sector, inflation, institutional building starts, interest rates, labor shortage, pandemic, recession, retail sector, Richard Branch, rise, rural and suburban areas, sectors, solid recovery, Ukraine, Uncertainty, wait, war, warehouse starts, webinar, “real resurgence”
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REHAU Group Sells Business in Russia
After announcing in March that it would scale down its operations in Russia in a controlled manner, REHAU Group will now sell its business in the country to the local management and withdraw completely. REHAU, headquartered in Muri, Switzerland, wrote … Continue reading
Posted in Featured News, News, Today's News
Tagged account, Belarus, controlled manner, developments, donations, emergency aid fund, employee welfare, Koch Industries, local management, March, Meraxis, New Ventures, operations, RAUMEDIC, Rehau Automotive, REHAU Group, Rehau Industries, Russia, scale down, sell, support, Ukraine, VELUX Group, withdraw, “unavoidable”
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