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 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 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…
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…
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…
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…
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…
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