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Bloomberg Singapore is experiencing a surge in venture capital fundraising, reflecting growing interest in Southeast Asia’s startups. This month, Vertex Ventures and two other venture-capital firms completed fundraising efforts in the city, each with their largest fund yet. In September, East Ventures, which made early bets on successful startups like Tokopedia and Traveloka, raised $30 million that will go toward ...

­­­­­­­­­­­Bloomberg Facebook Inc. could be in the firing line of data privacy regulators across the European Union if the bloc’s top court follows the opinion of an adviser who said the social media giant may be policed by authorities in the country where users are based. Yves Bot, an advocate general of the EU Court of Justice, said that national ...

Bloomberg Volkswagen AG and Daimler AG were inspected by European Union antitrust investigators as the EU stepped up a probe into allegations the German car industry colluded on technology for decades. Just days after raiding BMW AG, EU antitrust officials visited Volkswagen’s Wolfsburg headquarters and its Audi unit’s offices in Ingoldstadt “as part of an announced review,” VW said in ...

Bloomberg California’s battle against climate change is being fought more fiercely in fast food restaurants than in Tesla Inc.’s car factory in Fremont. Seven years after the Golden State began offering credits to producers of low-carbon fuels, cities and companies across California are using diesel brewed from fats and oils to fuel everything from fire trucks to United Parcel Service ...

Bloomberg The US is considering new sanctions on Myanmar after nearly a million Rohingya Muslims fled the Southeast Asian nation’s Rakhine state to neighbouring Bangladesh. In a statement, US State Department spokeswoman Heat-her Nauert said that since August 25, the US had ceased cons-ideration of JADE Act travel waivers for current and former Myanmar military leaders, and was assessing further ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, attended the signing of 12 Memorandums of Understanding (MoUs) between Area 2071 and various local and international partners. Area 2071 seeks to find innovative solutions to current and future development challenges faced in a number of sectors. This ...

DUBAI / WAM The Water, Energy, Technology, and Environment Exhibition (WETEX 2017) was opened on Monday by HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of Dubai Electricity and Water Authority (DEWA). Themed ‘At the Forefront of Sustainability,’ WETEX is organised by DEWA on October 23–25 at the Dubai International Convention ...

LONDON / WAM The path ahead to deliver innovation in energy sector is certainly challenging, but the UAE is a nation where innovation and creativity meets a positive attitude towards change and improvement, according to Dr Matar Al Neyadi, Under-Secretary of the UAE Ministry of Energy, speaking in the run up to the recent World Energy Council annual general gathering ...

Bloomberg Theresa May’s battle to get her Brexit legislation through Parliament hit a new roadblock as the opposition Labour Party threatened to unite with rebels among her Conservatives, eclipsing the small victory she brought home from a summit of European Union leaders. The UK prime minister returned from Brussels bolstered by encouraging words from her European counterparts, who signaled that ...

Bloomberg Auto-parts suppliers shares jumped in Asian trading after Wall Street Journal reported that Tesla Inc. reached an agreement with Shanghai’s government to build a fully owned manufacturing facility in the city’s free trade zone. “As far as I know, there is no such agreement,” Guo Lei, an official at Shanghai’s Economy and Information Technology Commission who is in charge ...