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Firms in US see more trade, investing in Asean despite TPP exit

Bloomberg American business enthusiasm in Southeast Asia is bent but far from broken even as the region grapples with a new trade framework and less US government involvement, according to a survey by the American Chamber of Commerce in Singapore. Eighty percent of executives see their firms’ level of trade and investment in the Association of Southeast Asian Nations, or ...

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VW revs up electric shift with $24 billion, 300-car onslaught

Bloomberg Volkswagen AG is putting its full force behind a shift into electric cars as the world’s largest automaker accelerates away from combustion engines and tries to draw a line under the emissions-cheating scandal that’s weighed on the company for two years. Speaking on the eve of the Frankfurt auto show, Chief Executive Officer Matthias Mueller announced sweeping plans to ...

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LinkedIn co-founder to invest in UK startup hub

Bloomberg The venture capital firm led by LinkedIn Corp. co-founder Reid Hoffman has invested in Entrepreneur First, a London-based hub for start- ups, alongside Mosaic Ventures and Founders Fund. Greylock Partners led the $12.4 million funding, which also included Lakestar Capital, and Demis Hassabis and Mustafa Suleyman, the founders of DeepMind, according to a statem- ent from Entrepreneur First. Hoffman’s ...

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