According to a survey by Deloitte, universities are set to unleash investment in teaching and student facilities as competition for student numbers increases, despite wariness about the financial and regulatory environment.
Deloitte’s annual survey of higher education finance directors gauged the views of 48 finance directors of UK universities, representing over one-third of the UK higher education sector.
Neelie Kroes, Vice-President of the European Commission in charge of the Digital Agenda for Europe, highlights the success of PEPPOL (Pan-European Public Procurement Online) and its potential leading role in the future of public procurement.
Wipro has announced that it has won a $35 million IT outsourcing contract with leading international tobacco company, Philip Morris International (PMI). As a part of the five-year agreement, Wipro will provide a full suite of IT infrastructure management services to PMI.
Over half (57%) of international businesses surveyed by Basware and MasterCard admit to having actively delayed paying their suppliers in the past 12 months. The findings underscore a late payment culture, which three out of four businesses now consider normal practice, that is hampering in particular small and medium-sized enterprises (SMEs).
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