In 1953, mountaineers Tenzing Norgay and Edmund Hillary made the first confirmed summiting of Mount Everest, the world’s highest peak. Recently, Everest has grown so popular that photos are surfacing showing huge lines of climbers waiting to surmount that same peak. On rarefied ground where once only Norgay and Hillary tread, now climbers are dying because of overcrowding. A less ...

Bloomberg Mario Draghi’s plans for a parting stimulus shot before he retires as European Central Bank president are laced with even more suspense than usual. While the ECB is widely expected to cut interest rates next month, the prospect of a renewed round of asset purchases is shrouded in uncertainty. Investors must judge how much quantitative easing the euro-zone economy ...

Bloomberg Three years into Commerzbank AG Chief Executive Officer Martin Zielke’s turnaround, the party’s over. Shares of the lender fell to a record low, capping a roller coaster ride that saw the stock more than double after the CEO announced his plan, buoyed by expectations for higher interest rates and consolidation in European banking. Zielke has refocused the bank on ...