Search Page
Excessively punitive performance contracts are not the best way to ensure that suppliers deliver a quality service, suggests Fred Wastell
An energy trader claims to have made the first online trade in renewable obligation certificates from a green electricity supplier.
The UK is near the bottom of a list of countries with home access to high-speed Internet connections. The survey by Internet analysts Net Value puts South Korea at the top of the table with 57.3 per cent of Internet users enjoying broadband connections, followed by the US at 11.1 per cent. The UK ties with Spain at 3.1 per cent, ahead of China at 0.4 per cent.
British Airways is to cut its roster of IT contractors by 100 over the next three months as part of a wider review of IT expenditure. Some of the work is reported to be taken on by workers in India.
Virgin could lose its contract to provide 140mph trains for the west coast mainline. Railtrack is said to be unhappy that the cost of the project has escalated from £2.3 billion to £6.3 billion, and wants the Strategic Rail Authority to release Virgin from a commitment to deliver the trains by 2005.
The US Defense Department has decided to buy the F-22 stealth fighter despite criticism that there may be no need for a plane much more sophisticated than any it would meet in combat. The price tag now stands at $45 billion for 295 planes, 44 fewer than originally planned.