Business & Economy

California high-speed rail chief quits amid billowing expenses scandal

Source: Business | The Guardian · Published

California high-speed rail chief quits amid billowing expenses scandal
Source: Business | The Guardian

Ian Choudri resigns after report found agency overseeing troubled LA-San Francisco project misused over $600,000 in public funds The chief executive of California’s embattled high-speed rail authority abruptly resigned on Wednesday, over a month after a state watchdog determined

Ian Choudri resigns after report found agency overseeing troubled LA-San Francisco project misused over $600,000 in public funds The chief executive of California’s embattled high-speed rail authority abruptly resigned on Wednesday, over a month after a state watchdog determined the agency had misused public funds. In September, California’s office of the inspector general released an investigative report finding that the rail authority had paid $543,000 in travel-related reimbursements for consultants that were not allowed, including international or out-of-state travel expenses. Continue reading...

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UK house prices grow at slowest pace in two years as mortgage rates rise
World News

UK house prices grow at slowest pace in two years as mortgage rates rise

Average price for property stands at £273,566 in October, flat on previous month, says Nationwide Business live – latest updates UK house prices grew by an annual rate of just 0.5% in October, the slowest pace in more than two years, as higher mortgage rates put off potential buy

World news | The Guardian ·