Love them or hate them, it’s hard to see health savings accounts losing traction any time soon. Used in conjunction with high-deductible healthcare plans, the accounts have been touted as a way to put downward pressure on healthcare costs. Even though HSAs are the only triple tax-advantaged vehicle in the tax code–allowing for pretax contributions,…
TOKYO — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments. Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period. Quarterly sales edged…
DUBAI, United Arab Emirates — A suspected attack by Yemen’s Houthi rebels saw multiple explosions strike near a vessel traveling through the Red Sea on Tuesday, though no damage was immediately reported by the ship, authorities said. The attack comes as the rebels continue their monthslong assault targeting shipping through a waterway that typically sees…
WASHINGTON — Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule being made final by the Biden administration. The Environmental Protection Agency rule follows through on a directive from Congress included in the 2022 climate law. The…
TBILISI, Georgia — Protesters on Tuesday blocked bridges leading to the capital of the Georgian separatist region of Abkhazia as tensions flared in a dispute over a proposed law that would encourage Russian investment. News reports said that police and protesters clashed at one of the bridges, but there were no immediate reports of injuries….
MELBOURNE, Australia — Philippine Defense Secretary Gilberto Teodoro said Tuesday that he didn’t expect President-elect Donald Trump’s next administration would demand that the Philippines pay more for military protection because both allies faced the shared threat of China. Teodoro was speaking at a news conference with Australian Defense Minister Richard Marles following an inaugural bilateral…
BAKU, Azerbaijan — After nearly a decade of negotiations, leaders during the United Nations climate conference’s first day decided on some of the finer points of much-debated sticking point aimed at cutting planet-warming emissions from coal, oil and gas. Known as Article 6, it was set up as part of the 2015 Paris Agreement to…
HONG KONG — A former Hong Kong reporter of The Wall Street Journal on Tuesday said she’ll sue the publication for sacking her because she joined a trade union. Selina Cheng lost her job in July after a senior editor told her that her position was eliminated due to restructuring. However, Cheng believed the termination…
THE HAGUE, Netherlands — A Dutch appeals court on Tuesday overturned a landmark ruling that ordered energy company Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels, while saying that “protection against dangerous climate change is a human right.” The decision was a defeat for the Dutch arm of…
It’s butter stupidity! Costco was forced to recall nearly 80,000 pounds of butter because the label failed to mention that the kitchen staple contains milk — and many social media users are rolling their eyes at the dairy dilemma. The FDA sent out an initial recall for 79,200 pounds of Kirkland Signature butter due to…
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