The UK has bowed to public concern over illicit money flowing through offshore tax havens. Territories such as the British Virgin Islands will have to publish open registers of company ownership by 2020. It’s a welcome step, considering the UK’s historical hands-off approach, but transparency must be followed by accountability to produce long-lasting change. First, the good news: an open ...

Wayfair Inc.’s latest earnings results show just how much of a disruptor it’s been in the home-furnishings industry. The company reported that its retail net revenue was $1.4 billion, a 48 percent increase over a year earlier. It notched 11.8 million active customers in the quarter, a 33 percent increase over last year. It is a veritable market-share-grabbing machine, and ...

Inconsequential tariffs don’t cause trade wars; the US bankrupting China’s technology companies just might. Trade rhetoric between the countries will likely escalate, but the potential bankruptcy of ZTE Corp. after the US banned exports to the company last month could turn out to be the shot that triggers the war. China would likely respond with a strong reprisal against US ...