Bloomberg Volkswagen AG Chief Executive Officer Herbert Diess is preparing to muscle Elon Musk out of the electric-car lead. While Tesla Inc is paving the way in sustainable mobility, the world’s biggest automaker is buying software companies and ramping up investments in electric vehicles and battery cells, Diess said at World Economic Forum in Davos, Switzerland. “It’s an open race,” ...

Since Watergate, presidents and their aides have warned that impeachment is destabilising to foreign policy. But history suggests otherwise. Presidential scandals create uncertainty abroad, but the impeachment process itself seems to bring clarity and resolution. Keep this lesson in mind as the Senate begins its trial of Donald Trump. The president’s advocates will argue (as he himself has already) that ...

Sergio Ermotti is facing a painful reality. For the third time in three years, UBS Group AG’s chief executive officer is resetting his ambitions for the world’s biggest wealth manager. A big fine in France is clouding the outlook for investor returns because it will make payouts uncertain. The pressure on profit margins is forcing the $2.6 trillion manager to ...