As a patient, finding a doctor in-network on your health plan can make a big difference when it comes to out of pocket costs. For insurers and the doctors they contract with, finding a better way to keep provider lists up to date, could make a big difference when it […]
CNBC News
Alibaba will buy Chinese food delivery app Ele.me
Chinese e-commerce giant Alibaba Group said on Sunday it would buy all shares that it does not already own in food delivery platform Ele.me. The deal implies an enterprise value of $9.5 billion for Ele.me, Alibaba said in a statement. Ele.me, which roughly translates as “Hungry?”, is part of a […]
Coal use will drastically decline in the next 30 years, the World Bank predicts
The world’s reliance on energy sources like oil and coal, some of the main culprits behind pollution, is dwindling, according to the World Bank. “The model has been coal plus renewables, the model can be gas plus renewables. I think 10, 12 years from now, we will see renewables and […]
Here’s what Airbnb’s founders did to launch their business — and they wouldn’t recommend it
Airbnb may seem like an overnight success story. In 2008, three college graduates put their heads together from an apartment in San Francisco and completely reimagined the way we see vacation accommodation. Today, just ten years on, their platform features more than 4.5 million rental properties, from Scandinavian tree-houses to […]
Asia markets drift higher even after China rolls out tariffs
Asia Pacific stocks edged higher on Monday, even as China imposed new tariffs on U.S. goods after previously floating the proposal last month. Japan’s benchmark Nikkei 225 edged higher by 0.52 percent after opening in negative territory and the broader Topix rose 0.32 percent. Retailers and automakers were buoyant in […]
Business sentiment in Japan takes a dip on a stronger yen, trade battles
Japanese business sentiment worsened for the first time in two years in the three months to March, a closely watched central bank survey showed on Monday, suggesting the strong yen is taking a toll on business confidence despite an otherwise steady economic recovery. Simmering fears of a trade war, triggered […]
China Caixin/Markit manufacturing PMI for March falls short of expectations
A survey focused on small and mid-size manufacturing in China fell short of expectations in March. The Caixin/Markit manufacturing Purchasing Managers’ Index (PMI) for March came in at 51.0. Economists polled by Reuters expected the private Caixin/Markit PMI to edge slightly higher to 51.7 in March versus 51.6 in February. […]
A closely watched indicator of China’s economy falls short of expectations
A survey focused on small and mid-size manufacturing in China fell short of expectations for March. The Caixin/Markit manufacturing Purchasing Managers’ Index (PMI) for March came in at 51.0, hitting a four-month low. Economists polled by Reuters expected the private Caixin/Markit PMI to edge slightly higher to 51.7 in March […]
China says its space station re-entered earth, broke up over South Pacific
China’s Tiangong-1 space station re-entered the earth’s atmosphere and burnt up over the middle of the South Pacific on Monday, the Chinese space authority said. The craft re-entered the atmosphere around 8:15 a.m. Beijing time (0015GMT) and the “vast majority” of it had burnt up upon re-entry, the authority said […]
China’s space station hurtles back to earth and breaks up over the South Pacific
China’s Tiangong-1 space station re-entered the earth’s atmosphere and burnt up over the middle of the South Pacific on Monday, the Chinese space authority said. The craft re-entered the atmosphere around 8:15 a.m. Beijing time (0015GMT) and the “vast majority” of it had burnt up upon re-entry, the authority said […]