Top 10% generate climate and biodiversity damage bill that exceeds economies of most countries, say researchers

The environmental damage bill racked up by the highest-consuming 10% of the world’s population has reached up to $5.7tn a year – larger than the economy of every country except the US and China, a study has found.

Mega-consumers in this group are concentrated in the global north, accounting for more than half the population of the US and 40-45% of people in the EU.

Exclusive: Ministers consider national threshold in England that could in effect bar thousands from studying

University students would face minimum grade requirements to qualify for student loans in England under proposals that could in effect bar thousands of young people from higher education.

Under one proposal being discussed by ministers, a pass in GCSE English would become the national threshold for students to access government-backed tuition and maintenance loans through the Student Loans Company.

Stacy Roberts says she took $83,000 worth of vacations for $4,300. Here’s how

Stacy Roberts likes to tell her 321,000 followers that her family is rich – in credit card points, that is. Last year alone, she, her husband and their three kids traveled to Spain, Denmark, Austria, Italy, California, Utah and Hawaii all for around $4,300, she says.

How does she do it? Roberts says she opens a new credit card each month, allowing her to accumulate around 1m points a year.

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Becoming the world’s first trillionaire is only going to supercharge this sense of impunity and bring us one step closer to full-blown oligarchy

“Whoever said ‘money can’t buy happiness’ really knew what they were talking about,” Elon Musk wrote in February on Twitter/X, the social network he bought for $44bn. He capped the statement with a sad face emoji.

Alas, Musk’s information is outdated. A 2024 study found a substantial difference in happiness between the wealthy and people who are low income. “A greater feeling of control over life can explain about 75% of the association between money and happiness,” the study’s author noted.

Arwa Mahdawi is a Guardian columnist and the author of Strong Female Lead

Founder of Greensill Capital says there was no finding he acted dishonestly after his company collapsed owing £1.6bn

The disgraced former financier Lex Greensill has been banned from running a UK company for nine years after he was judged to be unfit because of the 2021 collapse of his £1.6bn supply chain invoicing firm.

The government’s Insolvency Service said on Thursday that Greensill had signed a disqualification undertaking, bringing the case to an end before a trial was due to begin on 8 June.

More than 52,000 people respond to Commons committee’s call for evidence amid criticism of loan terms

Thousands of graduates have told an official inquiry their horror stories and bad experiences relating to student loans, underlining what the chair of an MPs’ committee called massive levels of “frustration and upset”.

Amid an ongoing row over the ballooning cost of degree course debts, more than 52,000 people responded to a call for evidence by the Commons Treasury select committee as part of its inquiry into student loans and the taxation of graduates.