January 28, 2024

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Holcim Unveils $30 Billion Valuation Plan for Spin-Off of North American Operations

Swiss building materials giant Holcim has announced plans to spin off its entire North American operations in a New York flotation, with expectations of valuing the business at around $30 billion. This strategic move, described as the biggest shake-up since the company's acquisition of Lafarge in 2015, signals a significant shift in its operational focus and leadership structure. Miljan Gutovic, currently heading Holcim's operations in Europe, is set to take over as CEO from Jan Jenisch starting May 1. This leadership transition coincides with the ambitious divestment strategy aimed at unlocking the full potential of Holcim's North American arm. The...

Latest January 28, 2024

Spotify CEO Criticizes Apple’s App Distribution Policies Amid Regulatory Pressure

Spotify CEO Daniel Ek has joined a growing list of executives expressing dissatisfaction with Apple's new app distribution policies. In a recent statement, Ek criticized Apple's changes as a "new low," accusing the tech giant of acting as if rules don't apply to them. Apple's announcement of allowing developers to distribute apps on third-party marketplaces, set to take effect with iOS 17.4, comes as a...

Xiaomi Corporation (SEHK: 1810): Stock Overview

Xiaomi Corporation, founded in 2010 and headquartered in Beijing, China, is a global technology company renowned for its smartphones, smart home devices, and other consumer electronics. Initially recognized for offering high-quality smartphones at competitive prices, Xiaomi has rapidly expanded its product portfolio to include a wide range of smart home appliances, wearables, and ecosystem products. The company aims to make innovative technology accessible to everyone,...

Tesla Recalls Nearly 200,000 Vehicles in the U.S. Due to self-driving 4.0 Software Issue

The renowned electric vehicle manufacturer Tesla is recalling approximately 200,000 cars in the United States after the National Highway Traffic Safety Administration (NHTSA) discovered self-driving 4.0 software instability affecting rearview camera functionality. According to the NHTSA, Tesla is recalling specific 2023 Model S, X, and Y vehicles equipped with the full self-driving 4.0 software due to this identified bug. The agency reported that the software...

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