Being a banker in London is probably the very definition of belonging to “the 1 percent.” Yet only one in three is satisfied with his or her pay, according to one survey. Considering the stagnant productivity in the city’s finance sector, perhaps they should be more grateful. Britain as a whole has been a productivity laggard since the financial crisis, ...

Since January 1, when China stopped accepting the rich world’s recyclable plastic waste, it’s gotten a ton of criticism for worsening the already deep crisis of ocean plastic pollution. But China isn’t the only culprit here. This is a crisis made — and growing worse — throughout developing Asia. Just eight countries in the region are responsible for about 63 ...

Bloomberg Some of Europe’s biggest banks may have found a perfectly legal way to exploit a weakness in one of the finance industry’s most loathed rules. Euro-area and Swiss lenders cut their short-term borrowings by tens of billions of dollars just before the end of each quarter, improving their reported financial health, only to build them up again in the ...