Fifth Third Bank has agreed to pay $20 million to settle allegations about creating fake customer accounts and selling unnecessary car insurance.
Industry
US FTC to File Lawsuit Against 3 Biggest Prescription Drug Middlemen Over Insulin Prices: Report
The US Federal Trade Commission (FTC) is reportedly filing a lawsuit against the three biggest prescription drug middlemen over insulin prices.
BMW Recalls More Than 390,000 US Cars Over Potential Issues With Takata Airbags
BMW has issued a recall for 394,000 cars in the US because of defective Takata airbag inflators that might cause severe or fatal injuries.
UK Economy Grows 0.4% in May: Official Statistics
The United Kingdom’s Office of National Statistics released the latest economic figures, which revealed that the country’s economy grew by 0.4% in May.
China's BYD Plans to Construct $1 Billion EV Factory in Turkey
China-based BYD has committed to constructing a $1 billion assembly plant for electric vehicles (EVs) in Turkey.
Latest News
Sri Lanka has approved changes to its telecommunications law to allow Elon Musk's Starlink to establish operations in the South Asian nation.
Walt Disney and Japan's Oriental Land Company have announced plans to introduce a new Disney cruise ship.
Oil and gas companies in Texas began resuming business operations on Tuesday after Hurricane Beryl battered the state.
The Texas energy industry is assessing the damage from Hurricane Beryl after the storm struck the US Gulf Coast.
Citi has decided to end its operations in Haiti, concluding more than 50 years of presence in the country.
Hyundai Motor Co. reached a tentative wage deal with its labor union in South Korea on Monday. Hyundai Motor Co. reached a tentative wage deal with its labor union in South Korea on Monday, potentially averting a strike at its main manufacturing hub.
Spending on credit and debit cards decreased last month, marking the first monthly decline since February 2021, according to the June statistics released by London-based Barclays bank.
A Ryanair aircraft had to make an emergency landing in Marrakech, Morocco, following a heated altercation among passengers.
Target will stop accepting personal checks as payment starting next week. Target will stop accepting personal checks as payment starting next week due to their declining popularity in recent years.
