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A think-tank has said Scotland is failing to secure hundreds of millions of pounds of business because procurement systems were found to be the main hurdles for Scottish firms.

Head of Network Rail Sir David Higgins on Monday said company directors would not be claiming a payout this year.

A detailed report released recently dwells on the challenges and hurdles faced by judicial systems around the world as well as attempts to present vital success formulae to prevail over the obstacles.

On Monday, the International Monetary Fund said that the economic upheaval in Europe could reduce China’s economic growth by half. It warned of a grave global economic slowdown in 2012.

A new report has suggested that basic standards of living continue to be elusive to low-income families and the unemployed in Ireland.

A Freedom of Information request by think-tank 2020Health says the National Health Service in England spends as much as £64,000 on translation services and the provision of interpreters.

A new World Bank report titled “Golden Growth: Restoring the Luster of the European Economic Model” was launched in Brussels today. It reported that the growth model adopted by Europe was the driving force for economic convergence, and has brought prosperity to millions of people in the continent during the past few decades.

A news report has warned that one in thirteen children get bullied online in a manner that is “persistent and intentional”.

The recent controversy over changes to refuse collection is a salient example of the brittle relationship between local government and the citizens says the author as he explores the relationship in detail.

The EU’s statistical service declared an increase in government debt of member nations to 82.2% of their GDP as of end-September 2011. At the end of the third quarter, government debt in the 27-member organisation was €10.3 trillion. Eurostat stated in its quarterly analysis report that 17 Eurozone countries owed €8.2trillion. The ratio fell slightly to 81.7% in comparison to the previous quarter that had stood at €10.2trillion.