It doesn’t feel all that long ago that Australian banks were the envy of the world. In March 2009, when stress-testing of US financial institutions drove the final spasm of the previous year’s credit crisis, you could have bought all the shares in Citigroup Inc., Royal Bank of Scotland Group Plc and Barclays Plc with their $8.4 trillion of gross ...

Bloomberg Uber Technologies Inc. announced it would roll out its on-demand electric-bicycle service to Europe, as it seeks to expand its international offerings to include more environmentally-friendly forms of transportation. Uber said it aims to bring its Jump bike rental service to Berlin before the end of this summer, with other European cities to follow soon after. “When you get ...

Bloomberg Kitty Hawk, the Mountain View, Calif.-based flying car company founded and backed by Larry Page, is offering a new glimpse of one its upcoming aircraft: a single-person recreational vehicle. The Kitty Hawk Flyer sports 10 battery-powered propellors and two control sticks, and looks like a human-sized drone, according to photos and videos of the final design posted to the ...