U.S. Dept. of Commerce

Republicans Love Welfare—for the Rich. It’s Called the Carried-Interest Loophole.

Despite Trump’s promise to shut down the tax break that mostly benefits hedge-fund managers, it’s still there in both versions of the Republican tax …

U.S. Politics

Amazon China quietly brings Black Friday to China

While China’s insatiable consumers are still recovering from their hangover on Singles Day—the country’s equivalent of Black Friday and now the …

News (China)

Paradise Papers: An In-Depth Graph Analysis

Last week, the ICIJ publicly released data from its most recent year-long investigation into the offshore industry, known as the Paradise Papers. In …

DevOps

US should boost exports to China, not limit imports

Illustration: Peter C. Espina/GT<p>China and the US signed business deals valued at $250 billion during US President Donald Trump's China visit, but …

China

Arlene Foster and Michelle O’Neill urged to visit US to lobby for Bombardier jobs in Belfast

DUP leader Arlene Foster and Sinn Féin’s Stormont leader Michelle O’Neill have been urged to set aside their differences and travel to Washington …

News (Ireland)

NAFTA nations lock horns on U.S. auto demands as fifth round ends

Negotiators from the United States, Mexico and Canada square off on Tuesday for the last time in a fifth round of talks to rework the North American Free Trade Agreement, with stalemate brewing on a contentious proposal to ramp up regional content for autos.<p>Officials and lobbyists say Mexico and …

Business

U.S. NAFTA objectives make deal to extend pact remote: Scotiabank

Updated U.S. objectives set out for the renegotiation of NAFTA will make an agreement on a new deal to extend the trade pact remote, the Bank of Nova Scotia says.<p>"The update hardens the U.S. stance with respect to several points on which Canada and Mexico have indicated that they cannot accept the …

Canada

Data privacy startup WireWheel secures $3.1M seed round

Arlington, Va.–based <b>WireWheel.io</b> has secured $3.1 million in seed financing, which the company predicts will usher in a generation of tools to …

U.S. Government

Boeing, Bombardier and Delta spar ahead of CSeries tariff ruling

Boeing and Bombardier are both urging the US Department of Commerce to leave the pending Bombardier-Airbus partnership out of its CSeries import …

U.S. Government

Read the Paradise Papers documents

Published on<p>November 20, 2017<p>Reporting by<p>BEHIND THE STORIES<p>Read the Paradise Papers documents<p>ICIJ is releasing additional emails, contracts, company …

ICIJ

How Russia’s Foreign Agent Law Cracks Down on U.S. Media (Op-ed)

Russia’s State Duma, the lower house of parliament, on Nov. 15 passed a bill in its third and final reading that will allow the government to …

Russia

Mexico Said to See U.S. Nafta Cars Idea as Completely Unworkable

The Mexican government views the U.S. proposal for tightening content rules for car manufacturing under Nafta as not viable and likely to cause …

Business

As Northwest Salmon Economy Teeters on Brink, Trump Gives It a Push

LAX KWALAAMS, BRITISH COLOMBIA—Four years ago, Malcolm Sampson says, the ocean changed in a way that terrified him. Now in his 60s, Sampson, an …

Environment

Trump's top trade issues: Where they stand

President Trump blazed a trail to the White House talking about trade.<p>He has even credited his criticism of America's trade deals as a major reason he's now commander-in-chief. Trump continues to beat the drum, like tweeting on Nov. 14 that his attendance at a conference in Asia "will lead to FAIR …

World Leaders

Does Wilbur Ross Want to Make Mexico Poorer, or the U.S. Richer?

Commerce Secretary Wilbur Ross has come up with a unique way to evaluate a trade agreement. He doesn’t seem to mind so much if the United States’ …

Economics

Donald Trump Jr. releases Russia emails

“There are three kinds of lies,” Mark Twain once wrote: “lies, damned lies and statistics."<p>The Trump administration has employed them all.<p>From the …

News (U.S.)

Absurd ways the wealthy will benefit from the Senate's tax bill

Champagne in every pot and a private jet in every garage.

Donald Trump

The Democrats Used to Love Russian Oligarchs

The massive leaking of the so-called “Paradise Papers” detailing the myriad ways corporations and individual billionaires hide their money in tax …

Liberal View

Op-Ed: Trump’s visit to China is a win for China and America

<i>Chinese President Xi Jinping (L) holds a grand ceremony to welcome U.S. President Donald Trump at the square outside the east gate of the Great Hall</i> …

China

ICIJ Releases Paradise Papers Data From Appleby - ICIJ

Published on<p>November 17, 2017<p>Reading time<p>4 minutes<p>Reporting by<p>The International Consortium of Investigative Journalists publishes today new data in …

Corruption

Wilbur Ross sued by former colleagues

The former WL Ross & Co. employees allege in the lawsuit, filed Wednesday, that Ross charged at least $48 million in management fees and funds to …

Wilbur Ross

With U.S. Backing, Ukraine Pushes to Privatize Paris Climate Agreement

Like most documents that travel through U.N. channels, a recent proposal from Ukrainian diplomats is blanketed in jargon and buzzwords, promising to …

Climate

Get ready for ‘zombie’ NAFTA and a long fight in Congress

<i>Laura Dawson is director of the Wilson Center's Canada Institute in Washington.</i><p>As Canada heads into the fifth scheduled round of North America free-trade agreement talks on Friday, there is speculation that this will be the round when increasingly untenable demands from the United States will lead …

Canada

Significant Digits For Thursday, Nov. 16, 2017

<i>You’re reading Significant Digits, a daily digest of the numbers tucked inside the news.</i><p>47 percent<p>In the first 11 days of the open enrollment period, …

Music Festivals

Cordray out

<b>CORDRAY OUT</b> — Well it took long enough, but CFPB Director Richard Cordray, the bane of the banking business, is finally leaving his powerful office at the end of the month, presumably to run for Ohio governor though he didn’t say anything about that on Wednesday. The White House succeeded in its …

Economy

More Questions Circle Wilbur Ross' Ethics As GAO Investigation Requested

Published on<p>November 16, 2017<p>Reading time<p>3 minutes<p>Reporting by<p>The U.S. Congress’ primary ethics watchdog, the Government Accountability Office (GAO), …

ICIJ

OMNIVORE: The most corrupt administration in U.S. history

How Trump learned to love the swamp

Wilbur Ross

News Highlights: Top Company News of the Day

Volkswagen Plans $12 Billion Electric-Car Blitz in China<p>Volkswagen said it and its Chinese joint-venture partners will jointly invest nearly $12 billion by 2025 in developing electric cars for the local market, enough to roll out a total of 40 models.<p>Meredith Pursues Takeover of Time Inc.<p>Meredith …

Nelson Peltz

Wilbur Ross Sued by His Firm's Ex-Directors Over Management Fees

U.S. Commerce Secretary Wilbur Ross and the firm he founded, WL Ross & Co., were sued by three former managing directors who claim the company …

Business

Three Former Colleagues Sue Secretary Of Commerce Wilbur Ross

Three longtime colleagues of Secretary of Commerce Wilbur Ross filed a lawsuit against him and his old private equity shop WL Ross & Co. on Wednesday, accusing Ross and the firm of charging millions in improper fees and taking the money for themselves.<p>According to the lawsuit, WL Ross charged at …

Wilbur Ross