All Recession articles – Page 14
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News
RIBA president welcomes government's recession measures
RIBA president Sunand Prasad has welcomed yesterday's pre-budget report by chancellor Alistair Darling, which the government claims will avert the worst consequences of the recession. Key pledges include bringing forward £3 billion of public capital expenditure from 2010/11 to 2009/10 for schools, housing and transport, cutting VAT from 17.5% to ...
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NewsFoster's Russian schemes in question as developer runs into trouble
Three of Foster & Partner’s major Russian projects are under threat after a series of economic blows hit Shalva Chigirinsky, the property magnate behind all three schemes.
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News
Recession stalls Wapping HQ
News Corporation has put Future Systems’ design for a new headquarters at Wapping in east London on hold until the market picks up.
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NewsCredit crunch bites into Middle East architecture projects
In a sign of the weakening market in Dubai, state-owned developer Nakheel has announced it is to scale back projects in the emirate.
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Urban Splash slashes workforce by a quarter
Developer Urban Splash has cut its workforce by almost a quarter, the company has confirmed.
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OpinionThree reasons to be cheerful in a downturn
Sustainable design group the Green Register offer inspiration for green architects as the economic slowdown begins to bite
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NewsPrasad reveals RIBA recession strategy
Mixed reaction as president advocates green upgrades to housing
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OpinionWill the downturn be good for architectural creativity?
Yes, says Nigel Coates, as that’s when ideas are nurtured, but Grimshaw partner Neven Sidor believes creativity is driven by surplus
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OpinionHow can architects buoy up business in the downturn?
To stay afloat, architects must examine every aspect of their business . It’s a cliché that ‘cash is king’ in uncertain times, but many a firm has gone bust with a healthy order book.
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NewsRecession hits Gazprom tower
The future of RMJM’s Gazprom Tower in St Petersburg has been cast into doubt by the global financial crisis.
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News
Government may drop heritage bill to tackle credit crunch
The heritage protection bill may be axed from next year’s parliamentary programme to make way for legislation to help beat the credit crunch, culture minister Andy Burnham has signalled.
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TechnicalEvent to examine sustainability in a recession
BD columnist Paul Morrell and architects from Sheppard Robson, Zed Factory and Bond Bryan to speak at green conference
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News
Welsh construction giant David McLean goes into administration
One of Wales’s biggest developers, David McLean Holdings, plus its subsidiaries, has gone into administration. Administrator Deloitte said that while the firm’s contracting division would close, its house-building division would be put up for sale.
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NewsFoster says recession will not force him to cut jobs
Norman Foster has shrugged off the world’s economic woes, vowing that a looming recession will not force Fosters & Partners to make any cuts to its 1,300-strong staff, despite the wave of redundancies hitting the UK.
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News
Village flat numbers slashed again
The Olympic village has been downsized again, losing a further 600 flats as cost pressures on the project continue to mount.
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AnalysisStudents hit first by recession
Record numbers of graduates are chasing fast-disappearing jobs in recession-struck practices. Will Henley lends an ear
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American architecture billings index shows drop-off in government work
The latest American Architectural Association’s Architecture Billings Index suggests that previously safe government work has begun to be hit by the credit crunch.
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News
New York offers ray of hope for suffering US market
Architects in the US have been hit hard by the recent financial turmoil, according to statistics released by the American Institute of Architects (AIA).
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NewsIndustry faces job cuts and closures
Practices caught unawares by sudden impact of banking crisis