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...Thirteen hundred metres beneath the vast Gobi Desert, the heat, dust and a sense of claustrophobia are unshakeable after a rapid trip down a mine shaft in a freight elevator known as “the cage”....
...But a statement from the IMF promising to counter dollar strength would represent an elevator pitch for one....
...Russia’s attack on Ukraine has disrupted wheat shipments from both countries, raising fears of food shortages in import-dependent nations....
...“When I got into the elevator the dollar was 11.55. When I got out it was 12.15,” one young Istanbul lawyer said in a tweet that quickly went viral....
...The division, which has been struggling to compete with cheaper imports, has been hit hard by its reliance on business from the auto industry....
...As well as shrinking demand, steel producers are also suffering from cheap Chinese imports and high raw material prices....
...The industry in Europe in particular faces existential challenges from the impact of Covid-19, high volumes of imports and pressure to meet EU climate change targets....
...Thyssenkrupp, Europe’s second-largest steelmaker, is the natural candidate to lead any shake-up after the conglomerate offloaded its elevators business for €17bn earlier this year....
...“I didn’t know that with Covid-19, there’d be people who want to import so much.”...
...Oxford Economics notes: “Nearly three-quarters of the GDP advance came from a temporary collapse in imports, while business investment contracted sharply and consumers spent more cautiously....
...But ice hockey, an import from the frozen north, has sometimes seemed a strange fit in steamy, humid Washington, whereas baseball, for all its interrupted and unsuccessful history here (“first in war, first...
...This sparked investor concern as the group took a hit from higher start-up costs for projects, higher material costs in China and tariffs on imports to the US....
...Hotel guests find their elevators will only take them to the lowest of the three gardens, which seems a shame....
...Trade war tensions have escalated, as US President Donald Trump stepped up his offensive against China with the proposal of further import tariffs....
...Tom Hayes of the Brussels European Employee Relations Group gives the example of Otis elevators. “Clearly an elevator is a physical thing . . . But is it also a complex of software controls....
...The 50:50 joint venture would cap an eight-year restructuring of ThyssenKrupp, a 200-year old conglomerate spanning elevators to submarines....
...The Trump administration has announced plans to impose tariffs on up to $60bn in annual Chinese imports....
...The aim is to address overcapacity issues in the European steel market, which has been hit by cheap imports from China....
...The survival of steelmaking in Europe, for example, is likely to require far-reaching consolidation that will limit production and make it competitive with cheap imports from China....
...“If the unfair imports are controlled or restrained, there will be no overcapacity in Europe,” says Mr Mittal....
...Although, that said, there is a promise to carry on investing in Tata import Talbot until 2021....
...We climb up to take a look, but no further — visitors like me are not permitted to take the elevator up to the turbine above....
...After all, the gem of ThyssenKrupp’s operations is the elevator business, in which it is a world leader....
...ThyssenKrupp said its capital goods businesses — which, among other things, manufactures elevators and supplies components to carmakers — was a “stabilising” factor amid “very difficult conditions” in the...
...In another sign of China’s long-term grain supply concerns, during a state visit last month by Russian president Vladimir Putin the two countries committed to invest $185m in grain elevators and a terminal...
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