Tag: slash

MTA cancels proposal to slash bus service in Baltimore after heavy criticism; will cut MARC, commuter bus service instead

Under fire from Baltimore-area bus riders, business leaders, politicians, parents and advocates, the Hogan administration on Wednesday canceled its proposal to slash MTA bus service in the Baltimore region next year in response to falling revenues due to the coronavirus.



a bus that is parked on the side of a road: A rider gets off of the 30 bus outside of Sinai Hospital to wait for a connecting bus. The Hogan administration on Wednesday canceled its proposal to slash MTA bus service in the Baltimore region next year in response to falling revenues due to the coronavirus.


© Ulysses Muu00f1oz/The Baltimore Sun/The Baltimore Sun/TNS
A rider gets off of the 30 bus outside of Sinai Hospital to wait for a connecting bus. The Hogan administration on Wednesday canceled its proposal to slash MTA bus service in the Baltimore region next year in response to falling revenues due to the coronavirus.



a man standing in front of a building: Daniel Gooden, 39, of Northwest Baltimore, is a frequent bus rider, who uses it to commute all around the city for work. Often, while he's riding, he works on drawings of the buses. The Hogan administration on Wednesday canceled its proposal to slash MTA bus service in the Baltimore region next year in response to falling revenues due to the coronavirus. 09-30-2020


© Ulysses Muu00f1oz/The Baltimore Sun/The Baltimore Sun/TNS
Daniel Gooden, 39, of Northwest Baltimore, is a frequent bus rider, who uses it to commute all around the city for work. Often, while he’s riding, he works on drawings of the buses. The Hogan administration on Wednesday canceled its proposal to slash MTA bus service in the Baltimore region

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Banks slash savings rates on back of cheap RBA cash

But the banks have also moved to reduce their own costs in other ways, led by deep cuts in their savings rates.

The NAB on Tuesday became the seventh bank in the past week to cut a savings rate, lopping 0.1 percentage point off the introductory rate for its iSaver account. The introductory rate is now 0.8 per cent while its base rate is 0.05 per cent.

All of the major banks have cut their general or introductory savings accounts as well as their term deposit rates over recent months. The average rate on a three-year term rate is now a record low 0.87 per cent.

Financial information firm Canstar found people would have to micro-manage their savings to qualify for bonus rates or move their money to another institution every few months to earn introductory rates.

The firm’s group executive for financial services, Steve Mickenbecker, said with the RBA

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Shell will slash costs, invest in renewables through ‘Project Reshape’

  • Shell has launched a major cost-cutting initiative, months after the price of oil crashed, called ‘Project Reshape.’ 
  • The European major is looking to cut 30% to 40% off the cost of producing oil and gas. 
  • Shell will also look at cost-saving opportunities in its network of 45,000 gas stations as part of the review.
  • The project, first reported by Reuters, is part of the company’s pivot towards renewable energy, and mirrors similar moves by other European majors including BP. 
  • Do you have information about Shell? Reach us at energy@businessinsider.com or through Signal at 646-768-1657. 
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LONDON – Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources

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Dropping demand forces consultants to slash fees by 30pc

Consultants are being forced to cut their fees by up to 30pc as demand drops and a pause in on site working during the pandemic allows more firms to compete for contracts regardless of their location.

The UK consulting sector could shrink by 16pc this year as businesses rush to cut variable costs in an effort to survive the economic crisis, new research shows.

The downturn is particularly acute in hard hit sectors such as retail where consulting revenue is expected to fall 29pc this year, according to Source Global Research, which analyses the professional services industry.

The rise in spending on consultants to help companies to upgrade their technology is also set to slow, with 26pc of companies surveyed globally saying they expect to increase their use of consultants for “digital transformation” projects, compared to 55pc at the end of 2019.

Companies that do press ahead with upgrades could

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