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NXP to buy Marvell Wi-Fi unit for $1.76bn

Bloomberg NXP Semiconductors NV agreed to buy the Wi-Fi connectivity business of Marvell Technology Group Ltd. in a deal valued at $1.76 billion. The all-cash acquisition includes Marvell’s Wi-Fi and Bluetooth technology and related assets, and will allow the automotive industry’s biggest chip supplier to offer customers a broader range of options to connect devices to the internet. The Marvell ...

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Brazil’s economy contracts for first time in three years

Bloomberg Brazil’s activity took its first quarterly plunge since 2016 as investment tumbled further, casting doubt on the recovery of Latin America’s largest economy. Gross domestic product shrank 0.2 percent in the first quarter, compared with a 0.1 percent increase in the three months through December, the national statistics agency said. The result was in line with the median estimate ...

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Trump wades into Brexit row, backs Farage for negotiation

Bloomberg US President Donald Trump has urged Britain to name Nigel Farage, a flamboyant and popular advocate for leaving the European Union, to negotiate a final Brexit agreement, the Sunday Times reported. Trump said the UK should refuse to pay the 39 billion-pound ($49 billion) settlement to cover commitments to the EU and walk away unless it gets “a fair ...

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