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News round-up 24/10

Machinery giant slowdown, Bill Gates invests in FCC, David Cameron condemned over green energy, timed trade waste collections

Cameron condemned for green energy U-turn say

The Liberal Democrats have accused David Cameron of panicking over green energy taxes after he promised “to roll back” energy regulations introduced by Labour, the BBC reported. Meanwhile, Caroline Lucas, Green MP for Brighton, said it was irresponsible of Cameron to blame higher bills on green energy investment.

Edinburgh pilots timed trade waste collections

Timed trade waste collections are set to be piloted in parts of Edinburgh. Business will have to store waste inside their properties until the allotted time of collection. Businesses can only present waste on the street at these specific times.

Caterpillar hit by slowdown

Caterpillar, the heavy machinery maker, reported a 44% fall in third quarter earnings due to weak demand from the mining industry, the Financial Times reported. The company has slashed full year forecasts to cope with a worldwide slowdown in mining.

Bill Gates buys 6% stake in FCC

Microsoft co-founder, Bill Gates, has bought a 6% stake in Spanish construction firm Fomento de Construcciones y Contratas S.A. (FCC), the parent company of FCC Environment. FCC recently won the £600m Mersey Gateway bridge infrastructure project.

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