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Tag: cuts
United Kingdom: Subsidies for small scale solar face steep cuts
2015-08-27 23:29:00| Climate Ark Climate Change & Global Warming Newsfeed
BBC: The UK government says it plans to significantly reduce subsidies paid to small-scale green power installations. Under the proposals, the amount of money paid to home owners and businesses producing electricity from roof-top solar and small wind turbines will be limited from January 2016. Subsidy schemes could be closed to new entrants from the start of next year. Ministers want to ensure that consumers who pay for the schemes through their bills get the best deal possible. They admitted...
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CenturyLink cuts jobs in Colorado
2015-08-27 18:10:46| IT Services - Topix.net
The Denver Post's Tamara Chuang reports that the local cuts represent 2.5 percent of the telecom's Colorado workforce of about 5,850. Monroe, Louisiana-based CenturyLink confirmed last month that it was cutting 1,000 positions out of 44,000 companywide, but at the time it didn't specify how many Colorado workers were affected.
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IDC cuts smartphone growth forecast on China slowdown
2015-08-25 15:52:00| Telecompaper Headlines
(Telecompaper) IDC has cut its forecast for global smartphones sales this year, due to the slowdown in China. It now expects annual growth of 10.4 percent to shipments of 1.44 billion smartphones, down from its previous forecast of 11.3 percent growth in 2015. China is the world's largest smartphone market, good for almost a third of phones sold last year. However, growth in China is expected to slow to just 1.2 percent this year, from 19.7 percent in 2014, as the market matures in line with the pattern seen in many Western countries. China is expected to still remain the largest market for smartphone volumes throughout IDC's forecast period, but its share will fall to an estimated 23.1 percent in 2019 as other markets like India continue to expand.
Tags: china
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China cuts rates to boost economy
2015-08-25 13:55:22| BBC News | Business | UK Edition
China cuts its main interest rate by 0.25 percentage points to 4.6% after two days of stock market turmoil.
Tags: china
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GE Cuts Jobs, Closes Foundry at Lufkin Unit
2015-08-25 05:41:25| Oil & Gas - Topix.net
Slide in oil prices has led to a drop-off in demand for the drilling equipment made by GE's Lufkin unit General Electric Co. plans to close a historic foundry and eliminate more than 250 jobs at its oil-field services unit in Lufkin, Texas, as the company deals with a drop in demand for drilling equipment in the wake of plunging oil prices.
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