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Some companies change tack in China with no recovery in sightGlobal companies are reducing costs in China due to its sluggish economy. Beijing's stimulus measures have yet to convince investors. Secto...- European shares flat after hawkish ECB, Italian crisis-related volatilityEuropean STOXX 600 index was flat, as gains in energy shares offset losses in most other sectors in early deals. The index had ended a vola...
- Swiss liftmaker Schindler to cut 2,000 jobs as coronavirus paralyzes projectsSchindler's net profit totaled 313 million Swiss francs ($338.45 million), the company said in a statement, down from 436 million a year ag...
- Elevator makers find the climb getting harderThe residential segment, which accounts for almost three-fourths of the total elevator sales, was stagnated as fewer new housing projects c...
- Elevator market set to zoom: Companies ramp up operations for high-tech, high-speed liftsAs cities get crowded and land gets costlier, it is likely that buildings will get taller. What also gives elevator cos hope is the number ...
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