NXP Announces New CEO, Warns of ‘Very Uncertain Environment'
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NXP Semiconductors NV announced a new chief executive officer as part of its quarterly earnings report and warned that the chipmaker was navigating 'a very uncertain environment' due to tariffs.
CEO Kurt Sievers will retire from the company late this year, the Dutch chipmaker said in a statement on Monday. Rafael Sotomayor, a current NXP executive, will take the president role immediately — on the way to becoming the new CEO on Oct. 28.
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India curbs solar power output to keep grid stable amid low demand, ministry says
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Sam Altman might be right: He's not the only one who thinks the stock market is in ‘bubble' territory
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6 hours ago
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Time to pay: Corinthians owe Memphis Depay 1.7 million euros
Corinthians reportedly owe Memphis Depay 1.7 million euros, according to Brazilian media outlet Lance. The Brazilian giants are currently facing major financial difficulties and still have a significant outstanding debt with Memphis. These are bonuses that were agreed upon when the Dutch national team's all-time top scorer signed in Brazil a year ago. Corinthians must transfer the entire sum to Memphis by the end of today, although the Brazilian club are trying to postpone the deadline. It is unclear whether Memphis is willing to agree with this. When Memphis arrived, Corinthians had to secure sponsors to finalise the deal for the 31-year-old striker. However, this financial arrangement didn't include bonuses. Even after selling Kauê Furquim to Bahia for over two million euros, Timão continues to struggle with cash flow problems. Memphis hasn't trained in recent days due to an injury and after reportedly being home with a virus. Earlier this summer, he also issued Corinthians an ultimatum regarding outstanding payments. This caused quite a stir among club management and supporters. GBeNeFN | Max Bradfield
