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Holcim is selling its Philippines business to China’s Huaxin Building Materials for at least $807 million. On the surface, it is a straightforward divestment. Look closer, and it says something important about where the global building materials industry is heading. The Philippines is not a weak market. Infrastructure spending is rising, construction demand remains strong and the country has a long-term urbanisation story. But cement is also a tough business. The country has

Swiss watch exports are showing resilience in 2026, with June exports rising 11.2% year-on-year and reinforcing the industry’s ability to navigate geopolitical uncertainty, shifting consumer behaviour and changing global trade dynamics. According to the Federation of the Swiss Watch Industry (FH), overall export performance in the first half of 2026 remained broadly stable, declining only 0.7% in value compared with the same period in 2025, while export volumes increased by 2