One in six IT projects are 'ticking timebombs'

A surprisingly high number of business and government technology projects are 'ticking time bombs', according to researchers at the University of Oxford. They analysed 1,500 global projects that had revamped their information ...

Kuwait to spend $500 bn on oil projects by 2040

OPEC member Kuwait plans to spend more than half a trillion dollars by 2040 to boost its oil and gas output and refining capacity, a top executive said on Wednesday.

US Senate votes down ethanol subsidies

The US Senate voted Thursday to end a $6 billion subsidy for ethanol in a move that appeared largely symbolic but sends a message about the growing unease on support for the biofuel made mostly from corn.

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