Topic: Infrastructure

Political inertia, red tape and a dearth of foreign investment are impeding a much needed overhaul.

Floods across eastern Australia forced more than 13,000 people to evacuate their homes on Tuesday after record-high summer rains drenched three states over the past week, swelling rivers and forcing dams to overflow.

The Indonesian government's approval of a long-awaited land acquisition bill in December will speed up land purchases for public infrastructure projects in Southeast Asia's largest economy and boost the country's cement space, according to one analyst. 

Some public agencies that rely on the municipal bond market for financing fear a landmark financial reform rule will cripple their ability to sell bonds and make it more expensive to raise money for crucial services.

Chinese officials have issued a stark warning over growing water shortages, saying the situation is worsening every day and that more than two-thirds of cities have a water shortage. The Financial Times reports.

Thousands of Australians were forced from their homes on Monday because of floods that have risen to record levels in some areas and killed one person, and authorities issued warnings for more than a dozen rivers in Queensland and New South Wales states.

An Australian military aircraft on Friday was due to deliver needed supplies to a flood-stricken town hit by the worst of summer flooding in eastern parts of the country, with coal mining and agriculture also affected.

A Chinese sovereign wealth fund is poised to buy a stake in the water network that serves London, in what would be the fund’s first acquisition in the UK following investment talks with British politicians. The Financial Times reports.

The world’s biggest and most important cities aren’t often the best places in which to live. High levels of crime, traffic congestion, and long commutes can worsen the quality of life. So which are the best cities to live in the world?  We've put together a list of the world's 15 cities with the best quality of life.

China Investment Corporation, the country’s main sovereign wealth fund, plans to invest in the dilapidated infrastructure of developed countries, starting with the UK, according to Lou Jiwei, the fund’s chairman. The FT reports.

Life may begin at 40, but job searches at that age can be discouraging, even though older workers bring experience and discipline to the table. CNBC.com spoke with experts in tech, human resources, and finance to determine which professions are best for workers over 40.