Vatican centralizes contracting to cut waste, corruption

ROME (AP) — Gone are the days of the half-million euro Christmas Nativity scene in St. Peter’s Square. The Vatican is centralizing its contracting and procurement procedures in a bid to cut waste, root out corruption and bring the Holy See’s finances into the 21st century. Pope Francis approved new norms governing contract bids and purchasing in his latest effort ...

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Virus obstructs US and UK bids for $800m South Korea helicopter deal

Travel restrictions and spending cuts muddy defence sector outlook Leonardo, which makes AgustaWestland Wildcat helicopters, was the only bidder in 2018 Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email to buy additional rights. Subscribers may ...

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