Friendships factor into start-up success (and failure)

New research co-authored by Cass Business School academics has found entrepreneurial groups with strong friendship bonds are more likely to persist with a failing venture and escalate financial commitment to it.

Ford, VW to broaden global alliance

Ford and Volkswagen plan to unveil a broader global alliance on Friday that will focus on developing autonomous technology and electric vehicles.

Cryptocurrencies need close scrutiny, monitor warns

An international financial monitor warned world leaders Tuesday that wider use by retail shoppers of cryptocurrencies like Libra, unveiled last week by Facebook, would need "close scrutiny" by regulators.

Swedish start-up secures funds for battery 'gigafactory'

Swedish start-up Northvolt Wednesday announced it had secured funding, in large part from Volkswagen, for Europe's biggest car battery factory, set to rival electric carmaker Tesla's US "Gigafactory".

Toyota, Panasonic form joint venture in housing for Japan

Japanese automaker Toyota and electronics giant Panasonic are forming a joint venture combining their housing businesses in Japan to showcase technologies such as connected cars and the internet of things.

Uber wins $1bn investment from Toyota, SoftBank fund

Japanese car giant Toyota and investment fund SoftBank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of driverless ridesharing services.

BMW to recall 360,000 China cars over Takata airbags

Germany's BMW will recall 360,000 vehicles in China as part of the worldwide effort to root out defective airbags made by now-defunct Japanese supplier Takata, regulators in Beijing said.

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