As Europe roasts in a heatwave, Asia's air conditioner makers grab some cool cash

As Europe sweats through record-breaking temperatures, Asian makers of air conditioners, such as South Korea’s Samsung Electronics, China’s Midea and Japan’s Mitsubishi Electric, are enjoying a boom in sales. Air conditioning is common throughout buildings, transport and homes in major cities across Asia, but it is rare in Europe, and people are struggling to stay cool as searing heat claims lives, disrupts power supplies and shuts schools. Seeking respite from the sizzling weather, people an...

By [email protected] (Reuters)