1 day ago
'Britain's biggest rail project could be delayed by a year'

London, June 28 (IANS) Britain's National Audit Office on Tuesday put the country's biggest ever rail project under the spotlight, warning of rising costs and the project's timetable. The ambitious $74.5 billion HS2 project, which will provide a high speed rail link between London, Birmingham and northern England, has an unrealistic timetable and faces major cost pressures, with a schedu...

6 months ago
China audit finds $38 billion in misused funds

Beijing, Dec 29 (IANS) China's top auditing panel has found 250 billion yuan ($38 billion) in misused funds, with analysts saying the anti-graft campaign will pick up in 2016, a media report said on Tuesday. Liu Jiayi, head of the National Audit Office (NAO), said at the national auditing work conference on Monday that the NAO conducted audits on more than 20,000 officials, and found mis...

1 year ago
Motivational speakers have wrong message for business listeners

I once sat in a seminar where the motivational speaker kept saying: Accept yourself as you are. Fine with me, but the colleagues at my side all had serial killer personalities. I tried to warn the speaker but she didn't pick up my discreet pointing and head-shaking gestures. People in certain professions, such as journalism, law, and stockbroking can be rough diamonds - minus the diamond...

3 years ago
BBC faces probe after 200 managers get 100,000-pound pay-offs

London, Dec 26 - The National Audit Office of Britain will launch an investigation after the BBC reportedly gave 200 senior managers pay-offs of more than 100,000 pounds each in the past three years, the Daily Telegraph reported. Lawmakers have said that leaving the BBC was like winning the lottery. George Entwistle, a former director-general, was given a payoff of 450,000 pounds, do...

4 years ago
Fraud uncovered in Chinese projects with foreign loans

Beijing, June 19 - China has uncovered fraud worth 237 million yuan - in projects that used loans from foreign organisations, including the World Bank, Asian Development Bank, and the UN Development Programme. Auditors uncovered fund misappropriation in six projects, the China Daily reported citing the National Audit Office. The fraud was detected in an audit conducted last year on ...

4 years ago
Britain makes it tough for Pakistani students

London, April 13 - Britain has decided to make it tough for Pakistani students to step on the English soil, following a pilot scheme finding as many as four in ten applicants may be bogus. British Home Office figures have revealed that thousands of student visa applicants cannot speak English, despite claiming they want to study here, the Daily Mail reported. Home Secretary Theresa M...

4 years ago
$77 million embezzled from Beijing-Shanghai high-speed rail project

Beijing, March 19 - China's auditing authorities Monday said 491 million yuan - has been embezzled from the Beijing-Shanghai high-speed railway project. Some local units along the railway link extracted, intercepted or misappropriated 491 million yuan that was intended to act as demolition and relocation funds, the National Audit Office - said in a report based on an audit conducted between...

4 years ago
New British jets can't land on aircraft carriers

London, Jan 16 - Fifty new fighter jets bought by Britain from US at a cost of five billion pounds - cannot land on aircraft carriers because of a faulty hook that snags the war planes. The 50 Joint Strike Fighter jets were bought by the Royal Navy from US defence contractor Lockheed Martin, The Sun reported. The jets have a hook underneath which catches a wire on the ship's deck to ...

4 years ago
British women are more obese

London, Nov 26 - In very alarming statistics, it has been found that Brtish women are more obese, and at young age too - so fat that it threatens their health. Experts are especially concerned by the young age at which so many women here are developing serious weight problems, said researcher Claire Bates, the Daily Mail reported. A disturbing 16 per cent of young women aged 18-24 ar...

5 years ago
China's local government debts over 10 trillion yuan

Beijing, June 27 - China announced the size of its local governments' debts for the first time Monday -- it totals 10.72 trillion yuan -. Liu Jiayi, the auditor-general of the National Audit Office, said in a report submitted to China's top legislature that local government debts totalled 10.72 trillion yuan - by the end of 2010. Only 54 county governments out of more than 2,800 in ...

5 years ago
Universities reel as Indian students ditch Australia

Melbourne, June 2 - Australian universities and vocational training providers are in serious worry mode. More dismal international student enrolment figures are coming out, with the number of Indians in particular reporting a sharp fall. Australian education institutes have reported a further fall of 8.7 percent in international enrolments in the first quarter of the year compared with the...

5 years ago
China's government insurance firms commit $455 mn fraud

Beijing, Feb 1 - China's two leading state-owned insurance companies have been found guilty of defrauding more than three billion yuan - in 2009, the country's national auditor has revealed. The financial misconducts were found during the audit of the two largest insurers - China Life Insurance - Company - and People's Insurance Company - of China Ltd - - the National Audit Office - said ...

8 years ago
Chinese parliament stamps on premier's cabinet nominations

Beijing, March 17 (Xinhua) The National People's Congress (NPC), China's parliament, Monday approved the new line-up of the State Council, nominated by Prime Minister Wen Jiabao. Li Keqiang, Hui Liangyu, Zhang Dejiang and Wang Qishan are the new vice-premiers, with Liu Yandong, Liang Guanglie, Ma Kai, Meng Jianzhu and Dai Bingguo as state councillors and Ma Kai as secretary-general of t...

8 years ago
Personal details of every child in Britain go missing

London, Nov 21 (IANS) The personal details of almost every child in Britain - and in some cases their parents - have been lost by the customs and revenue department, the country's finance minister told parliament Tuesday to gasps of shock. Chancellor of the Exchequer Alistair Darling said the names, addresses and dates of birth of the children, as well the national insurance numbers and,...

8 years ago
UK has worst outcome for stroke patients in western Europe

The UK urgently needs to reorganise stroke services to improve outcomes for patients, argues a senior doctor in this week’s BMJ. Studies have found that the UK has the worst outcome in western Europe. In one study the differences in the proportion of patients dead or dependent between the UK and eight other European countries were between 150 and 300 events per 1000 patients. What un...

11 years ago
Essential oils could help to stamp out MRSA

Researchers are now desperately looking for funding to develop their work and carry out a clinical trial. Peter Warn from the University's Faculty of Medicine who worked on the research said: We believe that our discovery could revolutionise the fight to combat MRSA and other 'super bugs', but we need to carry out a trial and to do that we need a small amount of funding – around £30,000. ...

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