While US action is needed over the death of Otto Warmbier in North Korea, the goal must be to ensure no other student meets his fate, writes Dan DePetris.

Scarred by the horrors of World War One, army veteran Tom Sherbourne (Michael Fassbender) opts for self-exile as a lighthouse keeper as The Light Between Oceans (12A) begins. 

James Stewart looks at the US position on Apple tax and why an appeal of the ruling is a mistake

The entire board of Spain’s Banco de Madrid has resigned after its Andorran owner was accused by the US of money laundering for clients from China, Russia and Venezuela.

Shire CEO Flemming Ornskov was preparing for a meeting in Chicago on the integration of his company with AbbVie when he got the news that AbbVie was reconsidering the $52bn (€40bn) takeover.

AbbVie and Shire agreed to terminate what would have been the biggest US tax inversion after AbbVie pulled its support for the deal in the wake of proposed changes to US rules governing such transactions.

President Barack Obama has moved to deepen the US military role in the volatile Middle East, vowing to wage an unrelenting counter-terrorism effort that will rely on air strikes to target Islamic State (IS) fighters in both Iraq and Syria.

A branch of the US Treasury uses sophisticated financial tools to hit targets linked to hostile governments. This is the new global warzone, write Leah McGrath Goodman and Lynnley Browning.

Ayatollah Ali Khamenei: Along with his grip on Iran’s politics and its military, the Reuters investigation into Setad shows there is a third dimension to his power: economic might.

AT FIRST glance, the entire greater Middle East appears to be sliding into chaos. Civil war continues to rage in Syria, while its neighbours — particularly Jordan and Lebanon — strain under the weight of more than 2m refugees.

A Bitcoin trade group will meet today with the US Treasury Department’s Financial Crimes Enforcement Network and an array of law-enforcement officials and regulators to discuss oversight of the digital currency.

New international sanctions aimed at thwarting North Korea’s nuclear weapons programme are having unintended consequences.

Two men have been arrested and charged with plotting a terrorist attack against a Canadian passenger train with support from al Qaida elements in Iran.

$500 gobbled up by a Golden Retriever? No problem, the US Treasury Department will refund you. See how…

Argentina squared off with a group of US hedge funds in a court case that has the potential to unravel its deals over the past decade to emerge from a $100bn (€76bn) pile of bad national debt.

President Barack Obama and members of Congress prepared for one last try to avert across-the-board tax increases and spending cuts known as the fiscal cliff, as the US Treasury Department warned that it will begin taking action to prevent the government from hitting its debt limit.

The US Treasury Department said that the national debt has topped US$16 trillion (€12.7 trillion), the result of chronic government deficits that have poured more than US$50,000 (€39,746) worth of red ink onto federal ledgers for every man, woman and child in the United States.

Thirteen bound corpses, many apparently shot execution-style, have been discovered in eastern Syria, days after the massacre of more than 100 people provoked international outrage.

Apple uses subsidiaries in Ireland, the Netherlands and other low-tax nations in a strategy that enables the technology giant to cut its global tax bill by billions every year, a report says.

US agents helped make Joaquin Guzman the most powerful drug lord in the world. Aram Roston reports

MEXICAN drug lord Joaquin ‘El Chapo’ Guzman is “the world’s most powerful drug trafficker”, according to the US Treasury Department.

Mexican drug lord Joaquin "El Chapo" Guzman is "the world's most powerful drug trafficker", the US Treasury Department said.

A criminal investigation into mortgage swindlers has expanded beyond deceptive advertising on Google’s internet search engine to root out con artists who were luring their victims on Bing and Yahoo too.

Apple Computer Inc. now has more cash to spend than the United States government.

CHRISTINE Lagarde has been named as the first woman head of the International Monetary Fund to take on Europe’s debt crisis and balance the demands of fast-growing emerging nations with the needs of a recovering developed world.

The Obama administration revoked the visa of the Venezuelan ambassador to the United States in a tit-for-tat diplomatic response to Venezuela’s rejection of the US choice to be the next envoy to the South American country.

Iran's nuclear chief said today that his country has produced 17kg (37.5lb) of uranium enriched to 20%, defying UN demands to halt the controversial programme.

US Secretary of State Hillary Clinton said today that Iran is becoming a military dictatorship, a new US accusation in the midst of rising tensions with Iran over its nuclear ambitions and crackdown on anti-government protesters.

Venezuela's socialist leader defended Iran's nuclear ambitions as peaceful and accused the United States of unjustly imposing new sanctions on the Islamic republic.

The Obama administration today slapped new sanctions on several affiliates of Iran’s Revolutionary Guard, targeting one person and four companies for penalties over their alleged involvement in producing and spreading weapons of mass destruction.

Malaysian police arrested a Lebanese man allegedly carrying fake currency with a face value of $66m (€46m) after he tipped a hotel staff with a $500 note, news reports said.

Citigroup is close to a deal with the US government to begin repaying some of the billions in bail-out aid it has received, according to a report.

Struggling US lender CIT Group filed for bankruptcy protection in an attempt to restructure its debt while trying to keep badly-needed loans flowing to thousands of mid-sized and small businesses.

US car giant General Motors emerged from bankruptcy today, relaunching itself as a streamlined and more customer-focused firm.

NORTH KOREA, facing international censure for this week’s nuclear test, threatened yesterday to attack the South after it joined a US-led plan to check vessels suspected of carrying equipment for weapons of mass destruction.

Chrysler LLC cleared another major obstacle to its survival when it reached a tentative deal on concessions with the United Auto Workers union, helping it move closer to inking a vital alliance with Italy’s Fiat Group SpA.

Banking giant Goldman Sachs beat Wall Street’s earnings expectations as it reported a profit of $1.66bn (€1.25bn) for the first three months of this year.

Wall Street got the news it wanted on the US economy's biggest problems - banks and housing - and responded with a rally that hurtled the Dow Jones industrials up nearly 500 points.

American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than US$170bn (€131.5bn).

The US Treasury Department said tonight it will provide a $1.5bn loan to Chrysler LLC’s financing arm to be used for new vehicle loans in hopes of boosting sales and ultimately returning the car maker to profitability.

General Motors received its first multi-billion dollar loan instalment from the US Treasury Department, in time to avert a financial disaster in which the struggling carmaker may have been unable to sustain operations and pay suppliers.

Experts are warning that economic activity in the longest US recession in 25 years could plunge as much as 6% this quarter – the largest decline since 1982.