Policy decisions about climate change are among the toughest a government can make: Any change in direction is practically guaranteed to displease the stakeholders. A commission set up by the German government to work out how the country will phase out coal called for ending the fuel’s use by 2038. Energy companies, labor unions and environmentalists are all unhappy. The ...

Foreign firms eager for a $119 billion slice of China’s insurance market might just want to give Anbang Insurance Group Co.’s assets a closer look. You’d be forgiven for wanting to steer clear of a firm that’s become the face of China’s toxic debt binge. But the timing could be right: It’s been almost a year since Beijing seized temporary ...

Like Nadia Comaneci at the 1976 Olympics, Mario Draghi might have hoped for a perfect 10 from anyone judging his performance as president of the European Central Bank. But an incipient slowdown in the euro zone risks spoiling his routine just months before he bows out. The ECB’s decision to end its net asset purchases at the end of 2018 ...