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Bought a $450M painting? In NY, don't worry about the tax

Bought a $450M painting? In NY, don't worry about the tax

New York collects sales tax on even the smallest items, but it probably won't collect a cent on a nearly half-billion dollar painting by Leonardo da Vinci.

Nova Scotia commits another $25 million to two venture capital funds

HALIFAX — Nova Scotia's government has plans to put another $25 million into two venture capital funds, with the expectation that other Atlantic provinces and private investors will join in. Innovacorp Inc.

Officials have more work ahead on Enbridge pipeline review

ST. PAUL, Minn. — Minnesota officials need to do more work on the environmental review of Enbridge Energy's proposed replacement for its aging Line 3 crude oil pipeline, which has drawn strong opposition from environmental and tribal groups.
Understanding Bitcoin and the frenzy behind the digital currency

Understanding Bitcoin and the frenzy behind the digital currency

CALGARY — The bitcoin frenzy shows no sign of letting up, with the price of the digital currency topping US$17,000 Friday and bitcoin futures set to start trading on Sunday.
UK, EU hail Brexit breakthrough despite unresolved questions

UK, EU hail Brexit breakthrough despite unresolved questions

BRUSSELS — Britain and the European Union hailed a breakthrough Friday that allows them to begin talks on their post-Brexit relations without answering some key questions about how their divorce will play out.
2nd man convicted in West Virginia murder of coal executive

2nd man convicted in West Virginia murder of coal executive

WILLIAMSON, W.Va. — A second man has been convicted of murder in the shooting of a coal executive in West Virginia last year.

Music streaming giants Spotify, Tencent invest in each other

STOCKHOLM — Swedish music streaming service Spotify and Chinese internet company Tencent have struck a deal to take minority stakes in each other.

Pace of Canadian housing starts picks up, six-month trend highest in years: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the pace of housing starts picked up in November, pushing the six-month trend to the highest level in nearly a decade.
CPPIB grows presence in Hong Kong logistics real estate with Goodman partnership

CPPIB grows presence in Hong Kong logistics real estate with Goodman partnership

TORONTO — The Canada Pension Plan Investment Board is investing $320 million in a partnership with more than a dozen modern logistics properties in Hong Kong. The Goodman Hong Kong Logistics Partnership, created in 2006, has assets worth about C$4.
Vatican prosecutors urged to go after money laundering

Vatican prosecutors urged to go after money laundering

VATICAN CITY — European evaluators have praised the Vatican's financial watchdogs for efficiently flagging suspicious transactions but have once again faulted Vatican prosecutors for failing to bring any money laundering cases to trial.