Most of the rest of the world has relied on ductless mini-split systems for their heating and cooling needs for decades, but that has not been the case in the U.S. That’s because a majority of homes ...

Daikin Industries has announced it will acquire Turkish heating and air-con manufacturer Airfel A.S. for $257m. Daikin Europe NV, Daikin’s wholly-owned subsidiary in Belgium, plans to buy all shares ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan’s Daikin Industries aims to make India its biggest manufacturing hub for exports, as the world’s largest ...