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Elevator test towers can go higher still. Elevator test towers are “a bit like a test track for a Formula One team,” said Tomio Pihkala, chief technology officer at Finnish elevator manufacturer Kone, in a phone interview. Like all skyscrapers, elevator towers need to withstand strong winds that can cause swaying and affect test conditions. The resulting oscillation simulates wind and earthquakes, which are among the biggest challenges in elevator development, according to TK Elevator. One of TK Elevator's test towers in Atlanta, Georgia.
Persons: It’s, Sebastian Gollnow, , Tomio Pihkala, Xia Yu, ” Pihkala, “ It’s, , Kone, TK, ” Beate Höhnle Organizations: CNN, Getty, New York, Trade Center, Atlanta —, Battery, Atlanta Braves, Hitachi, New York City —, Formula, Kone Locations: Black, Rottweil, New, Atlanta, Zhongshan, China, of, Guangzhou, New York City, LA, Taipei, Hyvinkää, Finland, Kunshan, Tytyri, Atlanta , Georgia, Swiss
The regular season came to a close on Thursday night with all 12 teams in action. Diana Taurasi, widely considered to be one of the best women’s basketball players of all time, addressed the Phoenix crowd on the court after what was possibly her final regular season game ever. It has been speculated that this will be Taurasi’s final season as an active player. Record crowd in attendance for Caitlin Clark’s final rookie regular season gameThis season has seen record highs in attendance and viewership, continuing right until the end of the regular season. Clark drives to the basket in the final regular season game of her rookie year.
Persons: Diana Taurasi, “ There’s, there’s, , Taurasi, Christian Petersen, that’s, Caitlin Clark’s, Caitlin Clark, Sabrina Ionescu, Clark, , Charles Brock, , Christie Sides, Sika Koné, Tina Charles, Charles, Sylvia Fowles, Rich von Biberstein, ” Charles, Fowles Organizations: CNN, WNBA, Mercury, Seattle Storm, Minnesota Lynx, Capital, Washington DC, Mystics, Indiana Fever, Washington, Atlanta Dream, New York Liberty, Atlanta, Liberty, New, Phoenix Mercury, Connecticut Sun, Las Vegas Aces Locations: Washington, Thursday’s, New York
A banner plays up China's trade-in policy at a home goods expo in Qingdao, Shandong province, China, on June 1, 2024. Nurphoto | Nurphoto | Getty ImagesBEIJING — China's plan to boost consumption by encouraging trade-ins has yet to show significant results, several businesses told CNBC. Analysts are not overly optimistic about the extent to which the trade-in program could support retail sales. China's retail sales for August are due Saturday morning. Retail sales in June rose by 2%, the slowest since the Covid-19 pandemic, while July sales growth saw a modest improvement at 2.7%.
Persons: Jens Eskelund, Tao Wang, Sally Loh, Otis, Kone, We've, Ilkka Hara, Hara Organizations: Nurphoto, Getty, BEIJING, CNBC, EU Chamber of Commerce, UBS Investment Bank, China, U.S, Otis Locations: Qingdao, Shandong province, China, Greater China
Headed into Tuesday’s semifinal against Canada, Messi had gone four games without finding the back of the net, including a failed Panenka in a penalty kick shootout against Ecuador in the quarterfinal. The Athletic was at the match to dissect the key plays…How did Messi score his first goal of Copa America 2024? Argentina’s second goal started with a Messi burst into the Canada penalty area. Messi is now onto 109 goals by scoring his first goal of this summer’s Copa America to double the Argentine lead against Canada. Messi, 37, is 21 goals behind the record holder, his great rival, the Portuguese Cristiano Ronaldo who has 130 goals.
Persons: Paul Tenorio, Felipe Cardenas, Joshua Kloke, Adam Crafton Lionel Messi, Messi, Enzo Fernandez, Maxime Crépeau, Julian Alvarez, Lautaro Martinez, Canada’s Stephen Eustáquio, Rodrigo De Paul, Koné, Messi opportunistically, Li, sy, c. J, Jo Organizations: Canada, Ecuador, Copa America, MetLife, Canadian, Copa, Australia, Qatar, MESSI, AMERICA, eads Locations: Argentina, New Jersey, Canada
CNN —Canada continued its surprising debut run at the Copa América, defeating Venezuela 4-3 in a penalty shootout to make the semifinals of the competition for the first time ever. As the teams stepped up to take their spot-kicks, the shootout ended 3-3 after five attempts each. “This is amazing to be in the semifinals of Copa América. Venezuela forward Salomón Rondón scored a wondergoal to equalize. Despite Canada’s best efforts to earn the winner in regulation – the Copa América features no extra-time with shootouts after 90 minutes until the final – the match ended with dreaded penalties and a deflated Venezuela.
Persons: Wilker Ángel, Maxime Crépeau, Ismaël Koné, ” Crépeau, Canada’s, , ” Jacob Shaffelburg, Jonathan David, Yordan Osorio, Jesse Marsch, Shaffelburg, Tajon Buchanan, Salomón Rondón, Juan Mabromata, Alphonso Davies, David, Richie Laryea, Jon Aramburu, Crépeau, Lionel Messi, La Albiceleste Organizations: CNN — Canada, Copa América, Canucks, Canada’s TSN, Canadians, Getty, Lille, Copa, Argentina Locations: Venezuela, Canada, AFP, New Jersey
Canada couldn’t beat Guadeloupe or Guatemala last summer, then lost to Jamaica and confidence has pretty much hit rock bottom. The Athletic followed Marsch and Canada to Rotterdam and Bordeaux to find out. In the 15 months he has been out of the game, Marsch has taken time to choose his next job. “There’s a long way to go.”GO DEEPER The Jesse Marsch debate: Underrated Premier League-level manager or master of failing up? Well, for a start, Canada do have a number of talented players to build a team around.
Persons: John Herdman, Alphonso Davies, Herdman, Jesse Marsch, It’s Marsch’s, you’d, Stephen Eustaquio, Georginio Wijnaldum, Dean Mouhtaropoulos, Cyle, Virgil van Dijk, Marsch, Marcelo Bielsa, George Wood, San, “ We’re, , , can’t, Davies, Jonathan David, Tajon Buchanan, Ismael Kone, Jacob Shaffelburg, Erling Haaland, Martin Odegaard, Koen van Weel, Buchanan, David, ” Davies, ” Marsch, It’s, Ralf Rangnick, “ He’s, Alistair Johnston, ” Eustaquio, Kompany, they’re, Preston’s Liam Millar, William Saliba, Maxime Crepeau, Kylian Mbappe, Liam Millar, France’s N’Golo Kante, Franck Fife, “ That’s, Johnston, we’ve, ” Johnston, They’ve, Rene Nijhuis Organizations: The Athletic, Copa, Canada couldn’t, Leeds United, Copa America, Argentina, U.S, Championship, The, Leeds, Poland, Porto, New York Red Bulls, Red Bull Salzburg, Austrian, RB Leipzig, Premier League, Southampton, MLS Canada Men’s, MLS, Montreal, Toronto FC, Vancouver Whitecaps, UEFA, Canada, Bayern Munich, Real Madrid, Bernabeu, Champions League, Lille, League, Serie, Inter Milan, Watford, Getty, Marsch, , , Bayern Canada, France Locations: Netherlands, France, Argentina, Canada, Qatar, Guadeloupe, Guatemala, Jamaica, Europe, Copa, U.S, Mexico, Marsch, Rotterdam, Bordeaux, Dutch, Leicester, South Korea, Chile, Peru, San Marino, Cook, Canadian, Eustaquio, Nashville, Norway, Munich, Milan, Lille, Mallorca, Austria, It’s, AFP, Atlanta
Ivory Coast Seizes 100 Tons of Cocoa at the Border With Guinea
  + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +2 min
That compares with 1,000 CFA francs a kilogram in Ivory Coast, where the price is fixed and guaranteed throughout the year. Global cocoa prices have hit record highs in recent months amid worries about a bean deficit this season and with concerns growing for the next. Ivory Coast and neighbouring Ghana, the world's second biggest producer, have said smuggling hampers their effort to meet their yearly production target. "This year, despite the high price in both countries compared to Ivory Coast, there is less leakage... People are really finding it hard to get cocoa out of Ivory Coast," said Abel Gbale, a cocoa buyer in Danane, the country's last major town before the borders with Liberia and Guinea. Amadou Konate, a cocoa buyer based in Man, the main city in western Ivory Coast, said cocoa producers earn nothing from smuggling and the middlemen pocket all the money.
Persons: Ivory Coast's, Yves Brahima Kone, Kone, Abel Gbale, Amadou Konate, Ange Aboa, Anait Miridzhanian, Bate Felix, Frances Kerry Organizations: Ivory, Cocoa Council, CFA, Reuters Locations: ABIDJAN, Guinea, West African, Liberia, Ivory Coast's, Ivory Coast, Sipilou, Ghana, Danane
Chinese stocks are starting to turn around. How to play it
  + stars: | 2024-01-28 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
Chinese stocks ended the week with four straight days of gains — a rare upswing after a dismal start to the year. "Investing in China, you have to have an active strategy," he said, emphasizing the need to focus on industries that receive policy support. All three are listed on mainland Chinese stock exchanges. In the past six months, foreign investors have pulled around $30 billion from mainland Chinese A shares, the report said. Citi analysts also include adidas and Kone in their basket of European stocks with China exposure.
Persons: David Chao, Chao, Pan Gongsheng, Edward Chan, Schelling Xie, Xie, CRRC, , Peter Alexander, Alexander, — CNBC's Michael Bloom Organizations: Asia Pacific, People's Bank of China, PBOC, . Federal Reserve, Financial Regulatory Administration, CNBC, HSBC, Hong, Citi, adidas, Kone Locations: Asia, Japan, Invesco, China, Beijing, Hong Kong, Shanghai, U.S
Finnish stocks are Europe's biggest laggards this year, as risks stemming from tensions with Russia and concerns over China's stuttering recovery have hurt its exporters. The top 25 stocks in Helsinki are worth a combined $150 billion. The OMX Helsinki 25 (.OMXH25) has lost 10% this year, versus the STOXX 600's (.STOXX) 8% rally. "Finnish stocks are attractively valued and a lot of bad news is priced in," Alava said. "If the European economy recovers in 2024 as I expect, Finnish cyclical stocks should recover too... this could be a good time for long-term investors to increase holdings".
Persons: Finland's, Tomas Hildebrandt, EVLI, Hilderbrant, Hertta Alava, Henrik Ehrnrooth, Schindler, Nordea's Alava, LSEG, Danilo Masoni, Christina Fincher Organizations: OMX Helsinki, STOXX, Nordic, Novo Nordisk, Deutsche Bank, NATO, Russia, Zurich, Otis, Metsa Board, Thomson Locations: Russia, Helsinki, Finland, Europe, China, Ukraine, U.S, French, OMX Helsinki, Alava
Amazon is expanding its palm-scanning technology beyond grocery stores and is rolling out a version that's designed for the business world. Companies already signed up for the biometric technology include IHG Hotels and Resorts, turnstile manufacturer Boon Edam, and Kone, an escalator and elevator provider. Amazon didn't disclose pricing for the service, which is available in preview in the U.S. starting Monday. Advocacy groups have criticized the service over privacy and security concerns, arguing it leads to increased surveillance. Earlier this month, Amazon debuted Astro for Business, a version of its household robot that it's framing as a roving security guard for businesses.
Persons: Edam, Kone, Dilip Kumar, It's Organizations: Companies, Resorts, Amazon, Foods, Sports, Business Locations: U.S
The company plans to open a location on 125th Street — less than 2 miles from the East Harlem store. A police cruiser outside a boarded-up retail store near Union Square in San Francisco in November 2021. Ethan Swope/Getty ImagesIn San Francisco, another complicated narrative on crimeIn San Francisco, a Target on Folsom Street location went viral earlier this year for its aisles of locked-down merchandise . AdvertisementAdvertisementWalgreens had been closing thousands of stores for years before it decided the fate of the five San Francisco locations. "That's why we're actively collaborating with legislators, law enforcement, and retail-industry partners to advocate for public-policy solutions to combat organized retail crime."
Persons: , Djeneba Kone, she's, Brian Cornell, Jim Joice, Jennifer Ortakales Dawkins, Kone wasn't, That's, there's, Ethan Swope, shoplifters, James Kehoe, Kehoe, Cornell, we're Organizations: Service, Target, Aldi, Costco, East Harlem, New York City Police, St, Herald, East, Seattle Times, San Francisco Police Department, Walgreens, San, San Francisco Chronicle Locations: Harlem, Manhattan , New York, New York, San Francisco, Seattle, Spanish Harlem, El Barrio, Manhattan, Bronx, East Harlem, Columbus, SoHo, Folsom, Target's, Francisco
Jennifer Ortakales Dawkins/InsiderNaturally, customers like Michelle Rodriguez were stocking up on their cleaning and beauty supplies in preparation for the store's closure. Jennifer Ortakales Dawkins/InsiderEmployees were tight-lipped. Jennifer Ortakales Dawkins/InsiderParents like Krystle Rogers carted their children through the toy section. Jennifer Ortakales Dawkins/InsiderDjeneba Kone used to be one of those kids. Jennifer Ortakales Dawkins/InsiderWhile most of the kids I saw were respectful, that's not to say they don't cause some trouble.
Persons: It's, , it's, Jennifer Ortakales Dawkins, Michelle Rodriguez, Rodriguez, she's, Let's, Krystle Rogers, She's, she'll, Djeneba Kone, doesn't, I've, that's, seltzer Organizations: Service, East, East Harlem locals, Yankee, Bronx ., Costco, Employees, Starbucks, Walmart Locations: East Harlem, Harlem, Manhattan, Bronx, New Jersey
Inside Myanmar’s Escalating Assault on Civilians
  + stars: | 2023-07-31 | by ( Haley Willis | Weiyi Cai | ) www.nytimes.com   time to read: +16 min
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Persons: Anthony Davis, , Mr, Davis, , Maung, “ It’s, you’ve, Nyaung Kone, Maung Maung, Ngun Hoi, Hram Ling “, Ngun, Daw Thein Htay, Thein Htay, Htoke, Ma Gyi Sauk, Paung Hle Kone, Hle Kone, ” Mr, Tun Sein, Tragically Organizations: New York Times, Rohingya, National Unity Government, The Times, United Nations, Human Rights, , Janes, Amnesty, Amnesty International, Education, Facebook, Myanmar, Myanmar Witness, Times Locations: Myanmar, trickling, Myanmar’s, Rakhine State, Rakhine, China, Russia, Sagaing, Kachin State, Pazigyi, Naypyidaw, Yangon Yangon, Yangon, Nyaung, Khuafo, Thantlang Township, Ngun, Thantlang, Salai, Ma Gyi, Paung, Sagaing’s Son,
SummaryCompanies Torrential rains hit Ivory Coast cocoa farmsIvory Coast CCC cocoa regulator says output could declineBlack pod fungal disease spreading in farmsABOISSO, Ivory Coast, July 13 (Reuters) - Ivory Coast has stopped selling contracts for cocoa exports for the 2023-2024 season after heavy rains battered and flooded farms in the world's top cocoa-producing nation in recent weeks, the head of the country's cocoa sector regulator told Reuters. Ivory Coast is in the middle of its April to November rainy season. But Ivory Coast and other major cocoa producers Ghana, Nigeria and Cameroon that account for around 70% of global production, have witnessed heavy tropical downpours in recent weeks. On May 15, tropical rains fell continuously for eight hours with unprecedented intensity in the Aboisso region in southeastern Ivory Coast, farmers and residents told Reuters. Farmers, cocoa pod counters, and cocoa exporters based in Ivory Coast, also told Reuters that they expected a significant decline in output during the first part of the main harvest.
Persons: Yves Brahima Kone, Barry Callebaut, Kone, Jean Paul Kadjo, Soubre, Kouman Kouadio, Kouadio, CCC's Kone, Ange Aboa, Bate Felix, Elaine Hardcastle Organizations: Ivory Coast, Reuters, United Nations, Cocoa Council, Cargill, Hershey, Nestle, Plantations, Thomson Locations: Ivory, ABOISSO, Ivory Coast, United, Ghana, Nigeria, Cameroon, Aboisso, Farmers, Akressi, San Pedro, Tai
CNN —Ma Khin Hla and her five siblings didn’t have time to run when a fighter jet buzzed over their village in Myanmar’s central Sagaing region. We didn’t get to run as it immediately dropped bombs.”When she opened her eyes after the strike on Tuesday, Ma Khin Hla said she saw her siblings’ bodies scattered around her. A monastery hit by the junta airstrike in Pale township, Sagaing region, Myanmar. CNN reached out to junta spokesperson Maj. Gen. Zaw Min Tun for comment on the airstrike but did not receive a response. Ma Khin Hla, whose five siblings were killed, said she has been forced to take shelter with relatives in another village.
Persons: Khin Hla, didn’t, , Ma Khin Hla, Zaw Htet, ” Zaw Htet, Min Aung Hlaing, , Zaw Min Tun, Ar Lu Organizations: CNN, Facebook, Administration, Peoples Defense Forces, National Unity Government, SAC, United Locations: Myanmar’s, Sagaing, Nyaung Kone, Pale, Myanmar, Zaw, , United Nations, Russia, China, Singapore
These European companies cut jobs this year
  + stars: | 2023-05-16 | by ( ) www.reuters.com   time to read: +4 min
TECH* ERICSSON (ERICb.ST): the telecom equipment maker will lay off 8,500 employees globally as part of its plan to cut costs, a memo seen by Reuters said. * NOKIA (NOKIA.HE): the Finnish telecom equipment maker said on May 3 it plans to cut up to 208 jobs in Finland. * PHILIPS (PHG.AS): the Dutch medical equipment maker on Jan. 30 said it would cut 6,000 jobs to counter falling sales and after a massive recall of its respiratory machines. * SAP (SAPG.DE): the German software company said on Jan. 26 it planned to shed 3,000 jobs, 2.5% of its global workforce, to cut costs and focus on its cloud business. * EVONIK (EVKn.DE): the German specialty chemicals producer said on April 3 it would cut 200 jobs as part of restructuring of its pet food unit.
REUTERS/Luc GnagoABIDJAN, April 24 (Reuters) - International and local artists paint giant, colourful murals on the exterior of a 15-storey building in Ivory Coast's commercial capital called "the Pyramid," an architectural gem that fell into disuse 20 years ago. A symbol of Ivorian prosperity in the 1970s and one of the first towers built in the central business district of Plateau in Abidjan, this futuristic pyramid-shaped building was neglected for years. The project "Pyramid 2023, tomorrow is already born" aims to give it a second life. Through this initiative, Ivorian artistic director Lemon Otto renovates external facades of older building such as Pyramid, which was completed in 1973 under the direction of the Italian architect Rinaldo Olivieri. Many buildings in the business district are internationally known and could teach Ivorians about their own urban history, architects say.
Union squeeze past Gladbach 1-0 to hold on to third place
  + stars: | 2023-04-23 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, April 23 (Reuters) - Union Berlin secured a 1-0 victory at Borussia Moenchengladbach on Sunday courtesy of a sumptuous Sheraldo Becker volley to remain in third place and stay on course for a Champions League-qualifying spot with five matches remaining. Gladbach tried to bounce back but Marcus Thuram and Manu Kone could not beat goalkeeper Frederik Ronnow. Union stay third on 55 points with Borussia Dortmund leading the title race on 60. Bayern Munich dropped to second place with 59 following Saturday's 3-1 loss at Mainz 05. Freiburg moved up to fourth spot, two points behind Union, after their 4-0 demolition of Schalke 04 earlier on Sunday.
Both are mostly high-rise communities, growing fast and densely populated, but they represent two very different realities from a climate and sustainability perspective. One way is to focus on modernizing the buildings we already have, to create neighborhoods that adapt to the individual needs of residents. In a climate-aware, post-COVID-19 world, with an aging and tech-savvy population, the focus is now on the needs of connected micro-communities within livable cities." Data, including information from KONE elevators, can provide insights into people's movement in cities, and their changing behavior and needs. Kone"Modernizing an elevator, in an existing building, means we can reduce energy consumption by up to 70%, and a KONE elevator today is up to 90% more energy-efficient than its 1990s counterpart.
Nestle (NESN.S) and Hershey (HSY.N) said they paid the LID premium. But when the COVID pandemic cratered demand, global cocoa prices plunged before they built up a cushion. Ivory Coast and Ghana say companies should pay both premiums. Industry data from the International Cocoa Organisation (ICCO) shows cocoa output in Ivory Coast rose to record levels in the 2020/21 season. Of the roughly 2 million tonnes of cocoa Ivory Coast produces each year, between 20-30% is grown illegally in protected forests by an estimated 1.3 million people, many of them children.
Portfolio manager Emily Leveille shared 7 international stocks investors should consider buying now. After lagging behind their American counterparts for years, international equities may finally give US stocks a run for their money in 2023. Leveille is a portfolio manager who oversees the international growth strategy at Thornburg Investment Management, a firm with $41 billion in assets under management. As growth becomes more scarce during an economic slowdown, she believes that companies with resilient growth characteristics are best positioned to outperform. Another luxury brand Leveille owns is LVMH (LVMHF), which is known for its signature Louis Vuitton handbags.
Key Finnish industries resolve wage disputes
  + stars: | 2023-02-05 | by ( ) www.reuters.com   time to read: +1 min
HELSINKI, Feb 5 (Reuters) - Wage disputes in the Finnish technology and chemicals industries have been resolved, ending the risk of labour strikes that were due to begin next week, employers and a workers' union said on Sunday. The agreement is a key step in defining workers' pay rises in Finland as the tech industry has traditionally been considered a benchmark for other unions' demands. The Finnish Industrial Union said it had agreed to a two-year wage deal which will increase wages by 7% over two years for employees, including a one-off extra payment of 400 euros this year. The wage deal covers some 90,000 industrial employees, it said, adding a similar deal was reached for some 13,000 chemical industry employees. Reporting by Anne Kauranen and Essi Lehto, editing by Terje Solsvik and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
An ex-McKinsey consultant listed five common myths about management-consulting interviews. Top management-consulting firms such as McKinsey & Company, Boston Consulting Group, and Bain & Company, known collectively as MBB, are notorious for their challenging interviews. Interviewers are trained to refrain from asking such things," Koné said. Instead, you'll face a series of case-study interviews where the interviewer will give you a problem from a previous project, he continued. "If you depend on specific knowledge to solve problems, you'll struggle when you have to tackle problems that take you out of your comfort zone.
HELSINKI, Jan 26 (Reuters) - Finnish elevator-maker Kone (KNEBV.HE) said on Thursday it would slash up to 1,000 jobs globally as it cuts costs and it expects demand to pick up in its main market China and elsewhere in Asia this year. The cuts will save 100 million euros annually from the beginning of next year, the company said, with 150 of the job losses coming from Finland. Kone posted stronger-than-expected fourth-quarter core earnings but its order intake declined more than analysts had expected. Its October-December adjusted operating profit rose by 1.6% to 365 million euros ($398 million) from 359.4 million euros a year earlier, beating the 333.6 million expected by 21 analysts in a poll provided by the company. ($1 = 0.9178 euros)Reporting by Anne Kauranen, editing by Terje Solsvik and Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
Gladbach crush Dortmund 4-2 for second straight defeat
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Nov 11 (Reuters) - Borussia Moenchengladbach fired four goals past hapless Borussia Dortmund for a 4-2 victory on Friday to leave their opponents in sixth place following their second straight league loss. Gladbach, who have now won six of their eight home games so far, are in seventh place on 22 points, three behind Dortmund. Jonas Hofmann, fresh from his Germany World Cup squad inclusion, slotted in for the lead after four minutes before Julian Brandt, another World Cup-bound Germany international, drew the visitors level. Dortmund pulled a goal back with Nico Schlotterbeck's volley on the rebound but the Ruhr valley club were badly leaking at the back. Thuram should have added at least one more goal but he missed a string of golden chances as Dortmund faltered.
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