During his first trip abroad as US president last week, Joe Biden kept telling Europe that “the US is back”. Before the G7 meeting, Biden signed a new Atlantic charter with Boris Johnson that agreed to protect democracy and open societies. After Cornwall, he went on to more meetings in Brussels with the European Union, ...

The Panama Papers—the massive collection of leaked documents from Mossack Fonseca, a Panamanian law firm that helps set up offshore shell corporations—have already had political consequences. Iceland’s prime minister, Sigmundur David Gunnlaugsson, resigned after the leak revealed that he had partly owned an offshore firm. David Cameron, the British prime minister, is facing criticism over ...