Peter Ruis has abruptly stepped down as managing director of John Lewis, the UK's biggest department store chain, following a tough trading period and differing management styles with parent group chair Jason Tarry. He will be replaced by Will Kernan.
An experimental maglev vehicle developed at China's Donghu Laboratory reached 800 kmph in 5.3 seconds on a 1-km test track in Hubei, marking its third world record in six months and pointing to potential aerospace and industrial applications.
Hong Kong authorities have demanded a contractor rectify 24 faulty lifts in a new Queen Mary Hospital block, delaying the launch of clinical services until late 2024.
Otis, the world's largest elevator company, is navigating service margin declines, a 15% year-to-date stock drop, and competitive landscape shifts following a major industry merger.
Otis, the world's largest elevator company, faces a 15% stock decline and service margin drops, but leadership banks on long-term growth and service investments.
Russian air defense forces repelled a massive drone attack involving nearly 150 UAVs across the Rostov Region overnight, Governor Yury Slyusar reported. Debris from a downed UAV caused a cable fire at a grain elevator in Millerovsky District, which was extinguished without injuries, though the drone threat persists.
Công ty TNHH Công nghiệp thang máy Quảng Nhật (Guangri Elevator) đã khai trương showroom đầu tiên tại nước ngoài ở Đại Đồng, Bắc Ninh vào ngày 15/6. Sự kiện đánh dấu cam kết đồng hành lâu dài của doanh nghiệp tại thị trường Việt Nam, một trong những thị trường trọng điểm ở Đông Nam Á.
Elon Musk's Boring Company, promising revolutionary underground transport, has delivered an underwhelming experience in Las Vegas. The Vegas Loop, a network of tunnels for Teslas, operates at low speeds with limited capacity and few passengers, failing to alleviate congestion or offer a viable public transit alternative. Critics point to overpromising, lack of regulatory oversight, and a focus on private funding over public need.
Residents of Taipei's largest public housing complex, Nangang Machine Plant Social Housing, are protesting frequent elevator malfunctions, including sudden drops. Despite 93 repair requests in under six months, issues persist, leading to resident anger and demands for immediate action from the city government and elevator contractor.
A memorial service was held 20 years after a high school student died in an elevator accident in Tokyo. The accident led to safety regulations, but full implementation remains a concern.
A 48-year-old man in Taichung collapsed in an elevator after returning from a run, losing consciousness and vital signs. A 32-minute relay of rescue efforts by family, property management, paramedics, and hospital staff successfully revived him, and he has since recovered and been discharged.
A woman in Surgut, Russia, narrowly escaped a deadly fire when a power bank in her bag exploded inside an elevator. The incident, captured on video, resulted in the cabin filling with smoke and flames, but the woman escaped unharmed.
The Yoron Tokushukai Hospital in Yoron Town, which experienced an intensity 5+ earthquake, reported that elevators within the building have stopped. No injuries have been confirmed among patients or staff so far.
Moscow's Karacharovo Mechanical Plant (KMZ) manufactured approximately 1,500 elevators in the first quarter of 2026. The plant is undergoing a large-scale modernization, including a new testing tower, and has increased production by 30-50% in some areas compared to the previous year.
Researchers find lifts in UK and Europe have not kept up with increasing obesity levels, raising concerns about safety and equity
Un collega dello stabilimento Hca di Bazzano si è accorto dell’incidente e ha attivato la macchina dei soccorsi ma non c’è stato nulla da fare
Esoteric Ebb is a new isometric CRPG by Christoffer Bodegård that combines Dungeons & Dragons-style fantasy with the narrative-heavy, internal-dialogue mechanics of Disco Elysium, resulting in a humorous and engaging 16-hour adventure.
Der finnische Aufzugskonzern Kone übernimmt den Wettbewerber TK Elevator für 29,4 Milliarden Euro. Während die Unternehmen Synergien betonen, reagiert die IG Metall mit scharfer Kritik wegen mangelnder Einbindung der Mitbestimmungsgremien.
Finnish lift maker Kone nearly doubles its size in what the Finnish media described as the largest corporate acquisition ever carried out in Finland.
Finland's Kone has agreed to acquire Germany's TK Elevator in a 29.4 billion euro deal ($34.4 billion), creating the world's largest elevator maker and surpassing competitors Otis and Schindler. The cash and share agreement, backed by shareholders holding just over 40% of Kone's shares, is expected to generate annual synergies of 700 million euros. TK Elevator became independent from Thyssenkrupp in 2020, when private equity firms Advent and Cinven purchased it for around 17 billion euros.
Italian professional golfer Andrea Pavan, 36, suffered severe injuries in February when he fell three stories down an open elevator shaft at his private accommodation near Stellenbosch Golf Club in South Africa, hours before the South African Open. The two-time DP World Tour winner sustained shoulder damage and vertebral fractures requiring major surgery, spending seven days in hospital. He has now returned to his home in Texas and says he is optimistic about returning to play, with initial recovery expected around three months and full healing around six months.
