Adam Neumann has submitted a bid of more than $500 million to buy back WeWork, the office-sharing company he co-founded and propelled to a $47 billion valuation before it fell into bankruptcy, a person familiar with the matter told Reuters. It’s not clear how Neumann is planning to line up financing for… Continue reading Co-founder Adam Neumann bids over $500 million to buy back WeWork | World News
Tag: million
Halfway through Medicaid purge, enrollment is down about 10 million
Halfway through what will be the biggest purge of Medicaid beneficiaries in a one-year span, enrollment in the government-run health insurance program is on track to return to roughly pre-pandemic levels. Medicaid, which covers low-income and disabled people, and the related Children’s Health Insurance Program, known as CHIP, grew to a record 94 million enrollees… Continue reading Halfway through Medicaid purge, enrollment is down about 10 million
New eligibility rules mean nearly 2 million on Medi-Cal can now save for a rainy day
Millions of Medi-Cal beneficiaries can now save for a rainy day, keep an inheritance, or hold on to a modest nest egg without losing coverage, thanks to an eligibility change phased in over the past year and a half. The change also has opened the door for thousands who previously did not qualify for Medi-Cal,… Continue reading New eligibility rules mean nearly 2 million on Medi-Cal can now save for a rainy day
Feds won’t reimburse California $300 million for homeless housing amid COVID. Congress wants answers
WASHINGTON — California cities and counties might be on the hook for more than $300 million they spent placing thousands of homeless residents in hotels in the midst of the COVID-19 pandemic. At the time, local officials made the unprecedented move under the impression that the federal government would reimburse much of their cost for offering… Continue reading Feds won’t reimburse California $300 million for homeless housing amid COVID. Congress wants answers
QIA likely picked up shares worth $500 million in Adani Green: Report
BENGALURU (Reuters) – Qatar Investment Authority (QIA) likely picked up shares worth $500 million in India’s Adani Green Energy via block deals on Monday, ET Now reported, citing sources. Over 1.1 million shares of the Adani Group-owned renewable power producer changed hands in fourteen block deals as of 2 p.m. IST, as per… Continue reading QIA likely picked up shares worth $500 million in Adani Green: Report
Amid humanitarian crisis, UN to cut aid to 21 million in Afghanistan
Amid a dire humanitarian crisis, the United Nations humanitarians on Friday warned of a severe aid funding gap for aid to more than 21 million people in Afghanistan even though some relief has already been reduced, Khaama Press reported. The 3.2 billion US dollar plea to aid almost half of the Afghan population… Continue reading Amid humanitarian crisis, UN to cut aid to 21 million in Afghanistan
14 million children in Sudan in ‘dire need’ of humanitarian support: UNICEF
Fourteen million children are in “dire need” of humanitarian support in Sudan, the United Nations children’s agency warned on Friday, as a deadly conflict in the country deepens its hunger crisis, CNN reported. “The numbers are staggering. Almost 14 million children – a number roughly equivalent to every single child in Colombia, France,… Continue reading 14 million children in Sudan in ‘dire need’ of humanitarian support: UNICEF
Amazon, Google wooed by India for $750 million cricket rights: Reports
By Anto Antony India’s cricket governing body is trying to lure global giants Amazon.com Inc. and Alphabet Inc. to bid in a media rights auction of its team’s games amid waning interest from firms who had recently competed fiercely for the wildly successful Indian Premier League. The proposed starting date of… Continue reading Amazon, Google wooed by India for $750 million cricket rights: Reports
Meesho delists 5.2 million counterfeit, restricted products in six months
SoftBank-backed e-commerce firm Meesho has delisted nearly 42 lakh counterfeit and infringing product listings and 10 lakh restricted products in the past six months, the company said on Wednesday. The total deactivated products account for less than 5 per cent of the total products listed on Meesho’s platform, a company official said. … Continue reading Meesho delists 5.2 million counterfeit, restricted products in six months
UPI transaction value up 4% in July; inches closer to 10 million in volume
After a marginal dip in last month, transactions under the Unified Payment Interface (UPI) touched a new high of Rs 15.34 trillion in the month of July, up 4 per cent from Rs 14.75 trillion in June 2023. In terms of volume too, transactions saw a 7 per cent increase from 9.34 billion in… Continue reading UPI transaction value up 4% in July; inches closer to 10 million in volume