BLOOMBERG  UBS Group AG Chief Executive Officer (CEO) Sergio Ermotti, who’s overseeing the takeover of Credit Suisse Group AG in a government-brokered rescue, said he saw problems at UBS’s smaller competitor as early as 2015. “UBS was very well positioned from 2015, we had done our homework after the financial crisis,” Ermotti said in an interview with the Schweiz am …

BLOOMBERG  Electric bicycles are poised for a breakout year in Europe’s biggest economy. Battery-powered two-wheelers will outsell traditional bikes in Germany for the first time in 2023, according to projections from the country’s industry group. They’re already dominant in the mountain bike category, where nine in ten bicycles are powered by a motor. While the e-bike boom hasn’t meaningfully pushed …

BLOOMBERG  For months, Google has been under pressure to reinvent its core search business and respond to the rise of artificial intelligence (AI) programmes that can generate content. Google started introducing more to the public — slowly. At its annual developer conference, Google unveiled a version of its search engine that uses large language models, AI tools that are trained …