Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.Singapore Summitread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Singapore Summitread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Singapore Summitread more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
Alphabet's life sciences arm, Verily, has been looking for partners to co-develop shoes with sensors embedded to monitor the wearer's movement and weight, as well as to measure falls, CNBC has learned.
Three people familiar with the project say that the Google sister company has in recent months shown a prototype of the design in private meetings, hoping to attract partners to build the shoes and take them to market. It is not known whether the project is still active.
If Verily progresses with the project, the shoes could have a wide range of health-related uses. For instance, sudden weight gain can be a sign that the body is retaining fluid, which is a symptom of congestive heart failure. Another area of interest is fall detection, two of the people said, which could be useful for seniors in particular.
Verily did not respond to a request for comment.
Apple recently introduced fall detection into its latest Apple Watch, which also provides a way for users to reach emergency services in the event of a more serious tumble.
Verily was previously known as Google Life Sciences, but in 2015 it became a separate company under Google's parent company, Alphabet, and is tracked financially within Alphabet's "Other Bets" segment. In January, it raised $1 billion from Silver Lake and others to "increase flexibility and optionality," according to the company's CEO Andy Conrad, which could be an indicator of a potential spin-out from Alphabet.
The company has recruited dozens of engineers, scientists and health experts to its ranks. Many of its technical leads originally worked at Google.
Thus far, Verily has found success in teaming up with larger companies to develop and potentially commercialize its project ideas.
Aside from the shoes, Verily is working on several other hardware projects, including a stabilizing spoon to help people with movement disorders eat, a smartwatch for its clinical research efforts and a "smart" contact lens for age-related farsightedness or improving sight after a cataract surgery.