European fake art network involving Banksys, Warhols, Modiglianis uncovered in Italy

ROME — Italian authorities say a network of European art forgers who painted fake Warhols, Banksys and Picassos and then tried to sell them to unsuspecting buyers with the help of complicit auction houses has been dismantled. Thirty-eight people have been placed under investigation, including six in Spain, France and Belgium. Italian authorities say the…

My Little Pony finally hits the Toy Hall of Fame, alongside Phase 10 and Transformers

ROCHESTER, N.Y. — My Little Pony finally made it to the winner’s circle. After years as an also-ran, the pastel-colored ponies were enshrined in the National Toy Hall of Fame on Tuesday, along with Transformers action figures and the Phase 10 card game. The honorees rose to the top in voting by a panel of…

Facebook and Instagram users in Europe can opt for less personalized ads

LONDON — Facebook and Instagram users in Europe will get the option to see less personalized ads if they don’t want to pay for an ad-free subscription, social media company Meta said Tuesday, bowing to pressure from Brussels over digital competition concerns. Meta Platforms has been offering users in the European Union an ad-free subscription…

Home Depot’s Q3 results top Wall Street as pullback in consumer spending eases a bit

Home Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe than in the past, and its performance beat Wall Street’s expectations. The home improvement retailer also boosted its full-year revenue outlook. Revenue for the Atlanta-based company improved 6.6% to $40.22 billion in the…

Vardis Vardinoyannis, Greek business magnate and Kennedy family friend, dies at 90

Vardis J. Vardinoyannis, a powerful and pivotal figure in Greek shipping and energy who survived a terrorist attack and cultivated close ties with the Kennedy family, died Tuesday in Athens. He was 90. His death was announced by Motor Oil Hellas, the petroleum company Vardinoyannis transformed into one of Greece’s largest corporations. Born on the…

German leader set to ask for Dec. 16 confidence vote, paving way for election as early as February

BERLIN — German Chancellor Olaf Scholz is expected to ask for a vote of confidence in his government on Dec. 16, paving the way for a new parliamentary election as early as February, German media reported Tuesday. The expected vote in the Bundestag would come well ahead of original plans, marking a step to reach…

Danish police close investigation into Old Stock Exchange fire

COPENHAGEN, Denmark — Danish police said Tuesday that they were closing the investigation into the devastating fire that destroyed more than half of Copenhagen’s Old Stock Exchange, saying nothing points at the blaze being the result of a criminal act. Despite extensive forensic investigations, review of surveillance and the questioning of a large number of…

EU top diplomat nominee strongly backs Ukraine and underlines China’s links to the war

BRUSSELS — The European Union must back Ukraine against Russia for as a long as it takes and persuade the United States that its strategic interests in China are tied up in the outcome of the war, the woman nominated as the bloc’s top diplomat for the next five years said Tuesday. Questions have been…

Don’t Settle for a Subpar Health Savings Account

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,…

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

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…

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