INSIDER
Secret Service agent fired at suspects outside of Janet Yellen's house in Washington DC
Read full article: Secret Service agent fired at suspects outside of Janet Yellen's house in Washington DCAn investigation is underway after a Secret Service agent working on protective assignment outside Treasury Secretary Janet Yellenās house fired a weapon following a confrontation with the occupants of a sedan.
The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
Read full article: The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into warRussiaās third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday.
US imposes sanctions on top members of the armed wing of a Mexican fentanyl-trafficking cartel
Read full article: US imposes sanctions on top members of the armed wing of a Mexican fentanyl-trafficking cartelThe U.S. on Thursday imposed sanctions on senior members of the armed wing of a Mexican drug cartel that operates on border territories in and around Chihuahua, Mexico.
Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders
Read full article: Yellen says isolationism 'made America and the world worse off' in speech to global finance leadersTreasury Secretary Janet Yellen says the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trumpās policies two weeks before the U.S. election.
Treasury proposes rule to prevent large corporations from evading income taxes
Read full article: Treasury proposes rule to prevent large corporations from evading income taxesThe Biden administration has proposed a new rule that would require the largest U.S. companies to pay at least 15% of their profits in taxes.
Trump said fixing child care would not be very expensive. Here are price tags for other proposals
Read full article: Trump said fixing child care would not be very expensive. Here are price tags for other proposalsAsked recently how he would bring down the high cost of child care, former President Donald Trump said doing so would be relatively ānot very expensiveā ā at least, not compared with revenue from tax hikes he would impose on foreign goods.
Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
Read full article: Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgersThe IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022.
Yellen says ending Biden tax incentives would be 'historic mistake' for states like North Carolina
Read full article: Yellen says ending Biden tax incentives would be 'historic mistake' for states like North CarolinaTreasury Secretary Janet Yellen is warns voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages investments in manufacturing and clean energy.
New US rules try to make it harder for criminals to launder money by paying cash for homes
Read full article: New US rules try to make it harder for criminals to launder money by paying cash for homesThe Treasury Department has issued new regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate.
IRS collects milestone $1 billion in back taxes from high-wealth taxpayers
Read full article: IRS collects milestone $1 billion in back taxes from high-wealth taxpayersThe IRS has collected $1 billion in back taxes from high-wealth tax cheats ā a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administrationās signature climate, health care and tax package signed into law in 2022.
U.S. to expand control of land sales to foreigners near 56 additional military sites
Read full article: U.S. to expand control of land sales to foreigners near 56 additional military sitesNew Treasury rulemaking would expand the U.S. Committee on Foreign Investment in the United Statesā jurisdiction to review land sales near 56 additional military sites, bringing the overall number to 227.
In Atlanta to promote fentanyl actions, Yellen announces sanctions against Mexican cartel
Read full article: In Atlanta to promote fentanyl actions, Yellen announces sanctions against Mexican cartelU.S., Treasury Secretary Janet Yellen has announced new sanctions against members of La Nueva Familia Michoacana drug cartel, a notoriously violent group that wars for territorial control with a slate of other Mexican cartels.
Yellen says China's trade policies could 'interfere significantly' with US bilateral relationship
Read full article: Yellen says China's trade policies could 'interfere significantly' with US bilateral relationshipTreasury Secretary Janet Yellen says Chinese āoverconcentrated supply chainsā pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector.
Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energy
Read full article: Senate confirms new energy regulators, extending Biden's grip on panel that backs renewable energyPresident Joe Bidenās grip on a key federal energy commission will last beyond his first term, giving a boost to the Democratās push for renewable energy regardless of the election results in November.
US widens sanctions on Russia to discourage countries such as China from doing business with Moscow
Read full article: US widens sanctions on Russia to discourage countries such as China from doing business with MoscowThe United States has widened its sanctions against Russia as G7 leaders prepare to gather in Italy for a summit where top priorities will be boosting support for Ukraine and grinding down Russiaās war machine.
US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets
Read full article: US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assetsA senior U.S. Treasury official has meet with Ukrainian officials in Kyiv to discuss U.S. financial support, enforcing sanctions on Russia and using frozen Russian assets for Ukraineās benefit in the war with Moscow.
G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
Read full article: G7 officials make progress but no final deal on money for Ukraine from frozen Russian assetsFinance officials from the Group of Seven rich democracies say they have moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries.
US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting
Read full article: US pushes for Ukraine aid, united front against China's trade practices at G7 finance meetingThe U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen will be building a united front against Chinaās subsidies for solar panels and electric cars.
With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets
Read full article: With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assetsUkraine's allies are looking for ways to squeeze money out of frozen Russian assets and use it to help Kyiv fend off Moscow's invasion.
Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming missile base
Read full article: Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming missile basePresident Joe Biden on Monday issued an order blocking a Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base, calling its proximity to the base a ānational security risk.ā.
About 4 in 10 Americans see China as an enemy, a Pew report shows. That's a five-year high
Read full article: About 4 in 10 Americans see China as an enemy, a Pew report shows. That's a five-year highA new Pew Research Center report shows that about 4 in 10 Americans now label China as an enemy, up from a quarter two years ago and reaching the highest level in five years.
New US sanctions against Russia target weapons development, ban uranium imports for nuclear power
Read full article: New US sanctions against Russia target weapons development, ban uranium imports for nuclear powerThe United States has imposed new sanctions on hundreds of companies and people tied to Russiaās weapons development program, as well as more than a dozen Chinese entities accused of helping Moscow find workarounds to earlier penalties.
The US is now allowed to seize Russian state assets. How would that work?
Read full article: The US is now allowed to seize Russian state assets. How would that work?The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv.
Blinken begins key China visit as tensions rise over new US foreign aid bill
Read full article: Blinken begins key China visit as tensions rise over new US foreign aid billU.S. Secretary of State Antony Blinken has begun a critical trip to China armed with a strengthened diplomatic hand following Senate approval of a foreign aid package that will provide billions of dollars in assistance to Ukraine, Israel and Taiwan as well as force TikTokās China-based parent company to sell the social media platform -ā all areas of contention between Washington and Beijing.
As Blinken heads to China, these are the major divides he will try to bridge
Read full article: As Blinken heads to China, these are the major divides he will try to bridgeSecretary of State Antony Blinken is starting three days of talks with senior Chinese officials in Shanghai and Beijing this week.
Tensions between Beijing and Washington are the biggest worry for US companies in China, report says
Read full article: Tensions between Beijing and Washington are the biggest worry for US companies in China, report saysA report by the American Chamber of Commerce in China says that simmering tensions between Beijing and Washington remain the top worry for U.S. companies operating in China.
Blinken will be the latest top US official to visit China in a bid to keep ties on an even keel
Read full article: Blinken will be the latest top US official to visit China in a bid to keep ties on an even keelSecretary of State Antony Blinken will travel to China this coming week as Washington and Beijing try to keep ties on an even keel despite major differences on a range of issue, from the Middle East to opioids.
Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violations
Read full article: Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violationsA Bangkok-based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 violations of Iran sanctions.
US and UK issue new sanctions on Iran in response to Tehran's weekend attack on Israel
Read full article: US and UK issue new sanctions on Iran in response to Tehran's weekend attack on IsraelThe U.S. and U.K. have imposed a new round of sanctions on Iran as concern grows that Tehranās unprecedented attack on Israel could fuel a wider war in the Middle East.
Netanyahu says Israel will decide how to respond as Iran warns against retaliation
Read full article: Netanyahu says Israel will decide how to respond as Iran warns against retaliationPrime Minister Benjamin Netanyahu says Israel will decide whether and how to respond to Iranās major air assault earlier this week, brushing off calls for restraint.
G7 ministers eye targeted sanctions on Iran and a message of restraint for Israel at Italy meeting
Read full article: G7 ministers eye targeted sanctions on Iran and a message of restraint for Israel at Italy meetingGroup of Seven foreign ministers are meeting on the resort island of Capri amid calls for new sanctions against Iran.
Yellen says Iran's actions could cause global economic spillovers as White House vows new sanctions
Read full article: Yellen says Iran's actions could cause global economic spillovers as White House vows new sanctionsTreasury Secretary Janet Yellen is warning of potential global āeconomic spilloversā from rising tensions in the Middle East as the White House pledged to exact new sanctions against Iran.
The US and UK restrict the trade of Russian-origin metals
Read full article: The US and UK restrict the trade of Russian-origin metalsThe U.S. and U.K. will begin restricting the trade of new Russian-origin metals ā including aluminum, copper and nickel ā on global metal exchanges and in derivatives trading.
Treasury wants to boost foreign investment review powers, as Congress dissects Nippon, TikTok deals
Read full article: Treasury wants to boost foreign investment review powers, as Congress dissects Nippon, TikTok dealsU.S. Treasury wants to enhance the power of a little-known, secretive government committee to review deals made between U.S. firms and foreign investors.
From overcapacity to TikTok, the issues covered during Janet Yellen's trip to China
Read full article: From overcapacity to TikTok, the issues covered during Janet Yellen's trip to ChinaTreasury Secretary Janet Yellen and her team are returning to Washington after a visit to China where they tried to tackle the biggest economic issues between the countries.
Culinary diplomacy: The internet is obsessed with what Janet Yellen eats in China
Read full article: Culinary diplomacy: The internet is obsessed with what Janet Yellen eats in ChinaEver since she ate mushrooms that can have psychedelic effects in Beijing last July, Janet Yellen has united Americans and Chinese in wanting to know what she will eat next.
Will China flood the globe with EVs, green tech? What's behind latest US-China trade fight
Read full article: Will China flood the globe with EVs, green tech? What's behind latest US-China trade fightChinaās burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight.
US will push China to change policy that threatens American jobs, Treasury Secretary Yellen says
Read full article: US will push China to change policy that threatens American jobs, Treasury Secretary Yellen saysTreasury Secretary Janet Yellen says the Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs.
Yellen says US-China relationship on 'more stable footing' but more can be done to improve ties
Read full article: Yellen says US-China relationship on 'more stable footing' but more can be done to improve tiesU.S. Treasury Secretary Janet Yellen has met with Chinese Premier Li Qiang and sent a message of mutual cooperation despite the nationsā differences.
New US-China talks will address a top American complaint about Beijing's economic model, Yellen says
Read full article: New US-China talks will address a top American complaint about Beijing's economic model, Yellen saysU.S. Treasury Secretary Janet Yellen says upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijingās economic model and trade practices put American companies and workers at an unfair competitive disadvantage.
US-Chinese military talks resume on safety in the air and at sea after a nearly 2-year break
Read full article: US-Chinese military talks resume on safety in the air and at sea after a nearly 2-year breakU.S. and Chinese defense officials have met for the first time in nearly two years to discuss unsafe and aggressive ship and aircraft incidents between their militaries in the Pacific region.
Yellen calls for level playing field for US workers and firms during China visit
Read full article: Yellen calls for level playing field for US workers and firms during China visitThe U.S. treasury secretary has called for a level playing field for American companies and workers as she opened a five-day visit to China in a major industrial and export hub.
US treasury secretary is in China to talk trade, anti-money laundering and Chinese 'overproduction'
Read full article: US treasury secretary is in China to talk trade, anti-money laundering and Chinese 'overproduction'Treasury Secretary Janet Yellen has arrived in a China for five days of meetings in a country that's determined to avoid open conflict with the United States.
Biden and Xi discuss Taiwan, AI and fentanyl in a push to return to regular leader talks
Read full article: Biden and Xi discuss Taiwan, AI and fentanyl in a push to return to regular leader talksPresident Joe Biden and Chinese President Xi Jinping have discussed Taiwan, artificial intelligence and security issues in a call meant to demonstrate a return to regular leader-to-leader dialogue between the two powers.
Yellen says China's rapid buildout of its green energy industry 'distorts global prices'
Read full article: Yellen says China's rapid buildout of its green energy industry 'distorts global prices'Treasury Secretary Janet Yellen called out Chinaās excess production in green energy, calling it unfair competition that ādistorts global pricesā and hurts companies and workers around the world.
Ukrainian ministers 'optimistic' about securing US aid, call for repossession of Russian assets
Read full article: Ukrainian ministers 'optimistic' about securing US aid, call for repossession of Russian assetsA pair of Ukrainian justice ministers in Washington this week say they are āquite optimisticā about the U.S. coming up with a way to financially support Ukraine.
Small biz advocacy group wins court challenge against the Corporate Transparency Act
Read full article: Small biz advocacy group wins court challenge against the Corporate Transparency ActThe National Small Business Association has won a court challenge against the Corporate Transparency Act, a law designed to combat money laundering.
Yellen urges world leaders to 'unlock' frozen Russian Central Bank assets and send them to Ukraine
Read full article: Yellen urges world leaders to 'unlock' frozen Russian Central Bank assets and send them to UkraineTreasury Secretary Janet Yellen is offering her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraineās long-term reconstruction.
Treasury proposes new anti-money laundering regulations for investment advisers
Read full article: Treasury proposes new anti-money laundering regulations for investment advisersThe Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system.
Treasury rolls out residential real estate transparency rules to combat money laundering
Read full article: Treasury rolls out residential real estate transparency rules to combat money launderingThe Biden administration wants to make residential real estate transactions more transparent ā by unmasking the owners of all-cash purchases as part of its ongoing effort to combat money laundering and the movement of dirty money through the American financial system.
China, US hold economic talks as trade issues heat up on the campaign trail
Read full article: China, US hold economic talks as trade issues heat up on the campaign trailChinese and U.S. officials have met in Beijing for talks on tough issues dividing the two largest economies as trade and tariffs increasingly draw attention in the runup to the U.S. presidential election.
Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts
Read full article: Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cutsTreasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administrationās economic agenda and offer a reminder of the Trump administration tax cuts, which she says added to the deficit and did little to promote investment.
Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending
Read full article: Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spendingTreasury Secretary Janet Yellen is making an election-year pitch that the current state of the economy āvindicatesā Democratsā decision to pass a $1.9 trillion coronavirus pandemic response package back in 2021.
Yellen says 100,000 firms have joined a business database aimed at unmasking shell company owners
Read full article: Yellen says 100,000 firms have joined a business database aimed at unmasking shell company ownersTreasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database of that collects ownership information intended to help unmask shell company owners.
Biden signs an executive order aimed at financial facilitators of the Russian defense industry
Read full article: Biden signs an executive order aimed at financial facilitators of the Russian defense industryPresident Joe Biden signed a new executive order aimed at targeting financial facilitators of the Russian defense industry.
Janet Yellen says the Trump administration's China policies left the US more vulnerable
Read full article: Janet Yellen says the Trump administration's China policies left the US more vulnerableTreasury Secretary Janet Yellen says former President Donald Trumpās economic policies toward China left America āmore vulnerable and more isolatedā in the global economy.
New sanctions from the US and Britain target Hamas officials who help manage its financial network
Read full article: New sanctions from the US and Britain target Hamas officials who help manage its financial networkThe United States has announced new war-related of sanctions against Hamas, targeting eight officials and representatives who help manage the militant groupās financial network.
U.S. sanctions officials from Afghanistan to China on declaration of human rights anniversary
Read full article: U.S. sanctions officials from Afghanistan to China on declaration of human rights anniversaryThe U.S. on Friday imposed sanctions on 20 people, from Afghanistan to China to Haiti to Iran, accused of violating human rights in their respective nations.
New US-Mexico agreement to monitor foreign investments comes as more Chinese money flows into Mexico
Read full article: New US-Mexico agreement to monitor foreign investments comes as more Chinese money flows into MexicoThe United States and Mexico have agreed to monitor foreign investments and regularly share information about the screening process.
In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl trafficking
Read full article: In Mexico, Yellen announces economics sanctions as the US aims to crack down on fentanyl traffickingTreasury Secretary Janet Yellen has announced economic sanctions against 15 people and two companies that the United States says are linked to a Mexican drug cartel.
Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike force
Read full article: Janet Yellen is heading to Mexico after Treasury launches a new fentanyl trafficking strike forceTreasury Secretary Janet Yellen is heading to Mexico this week, a trip announced shortly after her agency created a new strike force to help combat illicit fentanyl trafficking.
Regulators and law enforcement crack down on cryptoās bad actors. Congress has yet to take action
Read full article: Regulators and law enforcement crack down on cryptoās bad actors. Congress has yet to take actionWhile the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry.
Taiwan's participation at APEC forum offers a rare chance to break China's bonds
Read full article: Taiwan's participation at APEC forum offers a rare chance to break China's bondsTaiwan will take part in the Asia-Pacific Economic Cooperation forum in San Francisco this week, a rare opportunity for the self-governing island democracy of 23 million people and its high-tech economy to break the diplomatic embargo on it imposed by authoritarian China.
What they want: Biden and Xi are looking for clarity in an increasingly difficult relationship
Read full article: What they want: Biden and Xi are looking for clarity in an increasingly difficult relationshipPresident Joe Biden and Chinaās Xi Jinpingās have no shortage of difficult issues to discuss when they meet Wednesday in the San Francisco area.
Yellen says her talks with Chinese finance chief laid groundwork for Biden's meeting with Xi
Read full article: Yellen says her talks with Chinese finance chief laid groundwork for Biden's meeting with XiU.S. Treasury Secretary Janet Yellen says she and her Chinese counterpart have agreed to work toward a āhealthy economic relationship,ā during two days of talks that she said helped lay the groundwork for a productive meeting next week between President Joe Biden and Chinese President Xi Jinping.
Biden and Xi will meet Wednesday for talks on trade, Taiwan and fraught US-China relations
Read full article: Biden and Xi will meet Wednesday for talks on trade, Taiwan and fraught US-China relationsThe White House says President Joe Biden and Chinese President Xi Jinping will discuss trade, Taiwan and fraught U.S.-Chinese relations when they meet next week in the San Francisco Bay area.
San Francisco bidding to reverse image of a city in decline as host of APEC trade summit
Read full article: San Francisco bidding to reverse image of a city in decline as host of APEC trade summitWorld leaders, CEOS, protesters and thousands of others will soon descend on San Francisco for a high-profile trade summit that could give the battered city a chance to reverse its image as a powerhouse in decline.
Yellen says ransomware attack on China's biggest bank minimally disrupted Treasury market trades
Read full article: Yellen says ransomware attack on China's biggest bank minimally disrupted Treasury market tradesU.S. Treasury Secretary Janet Yellen is suggesting that a ransomware attack that forced Chinaās biggest bank to take some systems offline only minimally disrupted the U.S. Treasury market.
Yellen stresses economic cooperation with China as she begins talks with her Chinese counterpart
Read full article: Yellen stresses economic cooperation with China as she begins talks with her Chinese counterpartTreasury Secretary Janet Yellen says the United States has no desire to break economic ties with China.
Biden-Xi meeting in San Francisco still on track but no major breakthroughs expected
Read full article: Biden-Xi meeting in San Francisco still on track but no major breakthroughs expectedPresidents Joe Biden and Xi Jinping remain on track to meet during next week's Asia-Pacific Economic Cooperation summit.
Treasury's Yellen calls Republican effort to cut IRS funding for Israel 'damaging and irresponsible'
Read full article: Treasury's Yellen calls Republican effort to cut IRS funding for Israel 'damaging and irresponsible'The IRS commissioner says for the agency to keep building on its customer service and enforcement priorities it needs a reliable funding stream.
A new survey of wealthy nations finds favorable views rising for the US while declining for China
Read full article: A new survey of wealthy nations finds favorable views rising for the US while declining for ChinaA new poll finds public opinions in 24 countries growing more favorable of the United States than of China.
Yellen will host the Chinese vice premier for talks in San Francisco before the start of APEC summit
Read full article: Yellen will host the Chinese vice premier for talks in San Francisco before the start of APEC summitU.S. Treasury Secretary Janet Yellen is hosting Chinese Vice Premier He Lifeng for two days of talks this week.
Biden will host Americas summit that focuses on supply chains, migration and new investment
Read full article: Biden will host Americas summit that focuses on supply chains, migration and new investmentPresident Joe Biden is gathering leaders from 10 other countries across the Americas in the U.S. capital to discuss the tightening of supply chains and address migration issues.
Yellen says the US economic relationship with China must consider human rights and national security
Read full article: Yellen says the US economic relationship with China must consider human rights and national securityTreasury Secretary Janet Yellen says Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides.
The US sanctions more foreign firms in a bid to choke off Russia's supplies for its war in Ukraine
Read full article: The US sanctions more foreign firms in a bid to choke off Russia's supplies for its war in UkraineSecretary of State Antony Blinken says the U.S. has imposed a new round of sanctions targeting Russia over its invasion of Ukraine.
China's top diplomat raises hopes for improving US ties as he starts three-day visit to Washington
Read full article: China's top diplomat raises hopes for improving US ties as he starts three-day visit to WashingtonChinaās top diplomat says dialogue between Beijing and Washington should not only be resumed but deepened.
China said the US is a disruptor of peace in response to Pentagon report on Chinaās military buildup
Read full article: China said the US is a disruptor of peace in response to Pentagon report on Chinaās military buildupChina said the United States is the ābiggest disruptor of regional peace and stabilityā in the world in a scathing response to a Pentagon report on Chinaās growing military buildup.
Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says
Read full article: Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog saysAn ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned.
The US sanctions 10 Hamas members and its financial network over the surprise Israel attack
Read full article: The US sanctions 10 Hamas members and its financial network over the surprise Israel attackSecretary of State Antony Blinken says new U.S. sanctions are ādirected at Hamas terrorists and their support network," not at Palestinians.
United States and China launch economic and financial working groups with aim of easing tensions
Read full article: United States and China launch economic and financial working groups with aim of easing tensionsThe U.S. Treasury Department and Chinaās Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations.
Prince William, billionaires Gates and Bloomberg say innovation provides climate hope
Read full article: Prince William, billionaires Gates and Bloomberg say innovation provides climate hopeBritainās Prince William and wealthy entrepreneurs Bill Gates and Michael Bloomberg promise hope to a warming world.
Yellen details tighter scrutiny of investment plans of foreign-owned companies operating in the US
Read full article: Yellen details tighter scrutiny of investment plans of foreign-owned companies operating in the USThe Biden administration plans to increase scrutiny of the investment plans of foreign-owned companies operating in the United States.
War sanctions against Russia highlight growing divisions among the Group of 20 countries
Read full article: War sanctions against Russia highlight growing divisions among the Group of 20 countriesTreasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries.
Top Chinese official tells the US commerce secretary he's ready to improve cooperation
Read full article: Top Chinese official tells the US commerce secretary he's ready to improve cooperationThe top Chinese official in charge of economic relations with Washington has told Commerce Secretary Gina Raimondo he's ready to āmake new positive effortsā to improve cooperation following an agreement to reduce trade tension.
US, China agree to discuss export controls as commerce secretary visits to warm up chilly ties
Read full article: US, China agree to discuss export controls as commerce secretary visits to warm up chilly tiesCommerce Secretary Gina Raimondo says she and her Chinese counterpart agreed to exchange information on U.S. export controls that irk Beijing and set up a group to discuss other commercial issues.
Biden's commerce secretary is the latest Cabinet member to visit China in a bid for improved ties
Read full article: Biden's commerce secretary is the latest Cabinet member to visit China in a bid for improved tiesCommerce Secretary Gina Raimondo is the latest member of President Joe Bidenās Cabinet to visit China as his administration tries to mend the deteriorating ties between the worldās two largest economies.
The US government's debt has been downgraded. Here's what to know
Read full article: The US government's debt has been downgraded. Here's what to knowLate Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States governmentās credit worthiness.