US is at odds with China, but Janet Yellen says things could be worse
Treasury secretary is one of the strongest voices in the Biden administration for a measured approach to relations with Beijing
Janet Yellen
US will not allow flood of Chinese imports to destroy American companies as in past, Yellen says at end of China trip
Treasury secretary says Washington has no wish to decouple from Beijing
EU and US must better defend their economies against China, says trade envoy
US trade representative Katherine Tai warns dominance of Chinese economic ‘machine’ would be ‘significantly damaging’ for western countries
Dublin-based company hit by US sanctions wave targeting Russia
Cubit Semiconductor Limited has made dozens of shipments of sensitive electronic components to sanctioned Russian manufacturer JSC Mikron, US says
US to miss deadline to avoid new digital services taxes, Janet Yellen says
Earlier this year, the US won an extension of a pledge from other jurisdictions to refrain from new DSTs
US looks to the Pacific Islands as it keeps a wary eye on China
Pacific leaders were this week feted by the Biden administration and given access to its most senior figures
US stripped of top credit rating as budget deficits swell
Tax cuts and new spending initiatives coupled with multiple economic shocks have swelled budget deficits, Fitch said
Chinese ingenuity is tested as semiconductor sanctions bite
Technology firms have been startled by the scope of the new American restrictions
Janet Yellen says security should not derail US-China economic relations
Treasury secretary meets Premier Li Qiang in Beijing as Washington seeks to maintain high-level contacts
European shares slide to 14-week low amid fresh hike fears
Global jitters over impact on household finances of hawkish tone of latest Federal Reserve minutes
Hardline Republicans vow to stop ‘bad Bill’ aimed at averting US debt default
Legislation follows deal reached between US president Joe Biden and House speaker Kevin McCarthy to raise the debt ceiling
DeSantis eschews Disney World for his safe space: Musk’s glitchy Twitter
Planet Business: Marks & Spencer’s ‘improved style perceptions’, Instagram’s planned text-based app and the dire potential consequences of a US debt default
McCarthy says nowhere near deal on US debt ceiling
Clock ticking down to early June deadline when US government may have insufficient money to pay its bills
Biden says for first time he cannot guarantee there will not be a US debt default
Impasse continues between White House and Republicans as clock ticks towards US government running out of money to pay its bills
What to expect as US nears ‘unthinkable’ debt default
Treasury secretary Janet Yellen has warned the US federal government may run out of cash as early as June 1st
US debt ceiling debate poses risks for markets
Stocktake: Markets might appear unconcerned but there is potential for volatility
Biden insists US ‘not a deadbeat nation’ as risk of debt default looms
President meets key congressional leaders this week in bid to resolve impasse over raising debt ceiling amid fears Washington could run out of money within a month
US-China relations are likely to determine humanity’s fate in the 21st century
Few leaders in history have borne a heavier moral burden than those of today
Critical for Ukraine to begin reconstruction this year, says PM
Denys Shmyhal welcomes ‘continuous, ironclad and unprecedented support’ of US during trip to Washington
Ireland set to avoid implementing 15% headline corporate tax rate
Government considering a top-up tax for companies with turnover in excess of €750m, aiming to ensure that they pay minimum effective rate of 15% on earnings here
Powell is adding to market volatility
Market volatility has been three times greater during press conferences held by Powell than those held by his predecessors, Bernanke and Yellen
Yellen to signal further US support for deposits at smaller banks
Treasury secretary to defend ‘decisive and forceful actions’ by regulators to avert broader crisis
Deposits protected as HSBC acquires UK arm of Silicon Valley Bank
US president Joe Biden insists Americans can have confidence about the safety of bank deposits
France and Germany set to push back against US green tech poaching
Bruno Le Maire and Robert Habeck prepare to meet US officials amid tensions over subsidies
Fears of US default grow as politicians squabble over raising the debt ceiling
Existing borrowing limits to be reached this week but ‘extraordinary measures’ will hold back the crisis until late summer
Homecoming by Rana Foroohar: Is the decline of globalisation a disaster for Ireland?
Ted Smyth reviews the Financial Times’s global business columnist’s new book
Donohoe confident financial stability risk can be addressed
IMF calls for fiscal tightening next year and more targeted energy supports as it predicts inflation will run at 6% next year
Eurogroup dispute suggests Coalition switchover in December will be rocky
It’s conceivable that Donohoe could stay on as head of EU group even if he’s not finance minister but the row has hurt relations between FF and FG
US Senate logjam threatens OECD corporate tax deal
US Treasury chief assured Donohoe that pact would pass, but this now looks in doubt
OECD chief says it is in countries’ self-interest to implement 15% tax rate
Davos: Cormann acknowledges that start date could be delayed until 2024
Stocktake: US recession outlook is key for stocks
There’s a big difference between recessionary and non-recessionary bear markets
Ukraine: City in Luhansk region hit by heavy Russian artillery bombardment
Zelenskiy says conditions in Donbas like ‘hell’ with region ‘completely destroyed’ by invasion
Bundesbank warns Russian gas embargo would cost Germany €180bn
Central bank says sudden disruption of supplies to EU could dent economic output by 5% this year
Draghi a quietly crucial player in imposing sanctions on Russia
Europe Letter: Italian prime minister works his magic as Italy takes tough stance on Ukraine
Amundi CIO sees slowing economies long-fingering OECD plan for 15% tax
Prospect of European recession ‘growing day by day’, says Vincent Mortier
Ireland’s exposure to what the US decides on corporate tax shown up once again
US companies in Ireland could pay tax at 15% here and face a 5% top-up in the US
Workers lose out in robot wars as automation forces a rise in inequality
There’s no holding back technology, but more workers must capture its benefits
How Donohoe weighed the odds and rolled the dice on the corporate tax deal
Not by nature one of life’s gamblers, Donohoe weighed the odds, and rolled the dice
David McWilliams: How has Biden’s grip on power become so fragile?
The president’s social-spending deal might yet be made but the political difficulties cannot be overstated
Politics in 2021: The winners and losers, the highs, the lows and the curveballs
A good year for Sinn Féin, but a tough year for a Coalition trying to manage a pandemic
US FDI firms retain positive view of Ireland as location for future investment
Ireland must remain attractive as a country in which talent wants to live and where businesses want to locate
Central Bank governor reminds financial companies of climate obligations
Gabriel Makhlouf announces new climate forum and says sector ‘must play its part’
Janet Yellen denies US ‘cajoled’ Ireland into tax deal
Deal brokered in atmosphere of ‘friendship and co-operation’, treasury secretary says
G20 leaders back global minimum 15% tax from 2023
Summit hails historic achievement to ‘establish a more stable and fairer international tax system’
Yellen shies away from ‘tax haven’ label for Ireland
Seen & heard: Stripe’s office hunt, surge in demand for work permits and more data centres
G20 leaders sign off on global minimum 15% corporation tax deal
Reform aimed at fairer taxation of digital giants who have minimised their liabilities
Pelosi says Democrats ‘pretty much there’ on $2 trillion social spending Bill
Treasury secretary Janet Yellen says she anticipates no problems in funding the Bill
US lawmakers nearing potential breakthrough on debt ceiling
Stop-gap measure considered to extend limit to December
Biden urges Democrats to overcome divisions on spending Bills
US president visits Congress to discuss infrastructure legisation and vows to ‘get it done’
US Congress passes funding Bill to avert shutdown
Parties dig in for dispute on raising borrowing cap before potential default
Global corporate tax rate: Signs emerging that deal can be struck
Concerns that wording could leave room for open-ended future rises may be assuaged
Fed official warns of ‘extreme’ market reaction unless debt ceiling raised
Intervention from Williams comes as Yellen says failure to increase borrowing limit would be ‘catastrophic’
The Irish Times view on corporate tax changes: Ireland faces defining choices
It is not credible that Ireland could stay outside an international accord
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