UK construction groups accused of ‘bid rigging’ in £150mn contracts

Several cartels involving ten construction suppliers conspired to rig bids for contracts worth £150mn and cheat clients including Selfridges and Oxford university, the UK competition regulator has found. On Friday, the Competition and Markets Authority said it had provisionally found that the businesses colluded over contract tenders for demolition and asbestos removal projects. The three-year … Read more

US to invest $150mn in south-east Asia in attempt to counter China

The Biden administration has announced it will invest $150mn in south-east Asian countries in an effort to boost economic engagement in the region as part of its strategy to counter China. The White House announced a range of initiatives in areas such as climate change, infrastructure and maritime security as US president Joe Biden prepared … Read more