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Singapore to invest $535mn on tech transformation

Bloomberg Singapore will allocate $535 million under a current plan to transform its economy into one that relies more on fields such as research and on companies that create new markets and jobs. The additional investment includes S$500 million for digital technologies such as artificial intelligence, super-computing and robotics under the five-year plan ending 2020, a government advisory panel on ...

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Centene to buy WellCare for $15bn

Bloomberg Health insurer Centene Corp. agreed to buy managed-care provider WellCare Health Plans Inc. for more than $15 billion, expanding in the market for government insurance plans just as politicians in Washington appear to be gearing up for another health-policy clash. Centene, based in St. Louis, offered $305.39 per share in cash and stock for Tampa, Florida-based WellCare, the companies ...

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Wirecard’s bid to move past scandals falling short

Bloomberg Wirecard AG’s Chief Executive Officer Markus Braun tried to put fraud allegations behind him as questions persisted after an external probe failed to resolve issues from potential criminal behavior in Singapore to unexplained transactions. Braun said in an interview with Bloomberg TV on Wednesday that the company views the issue as closed, saying: “Everything is on the table. The ...

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