Ovo has been ordered to pay $3M (£2.4M) in compensation and fines after regulators found it failed to address 1,395 customer complaints promptly, with each customer receiving $301 (£271).
Legal & Regulatory
Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic and Wegovy Cost Up to 13 Times More in the US
Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.
Cathay Pacific Grounds Planes Due to Airbus A350’s Alarming Engine Fire—What Could Have Happened?
An engine fire on a Cathay Pacific Airbus A350, caused by a damaged fuel hose, forced the airline to ground its fleet for inspections to prevent further incidents.
China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute
China has banned Taiwan’s fruit, seafood, and vegetables imports, escalating tensions over trade and military issues.
Boeing Sends Thousands of Employees on Unpaid Leave Due to Massive Strike
Boeing faces a major strike, leading to unpaid leaves for thousands of employees to preserve cash during negotiations.
Latest News
An employee who labeled OceanGate’s Titan submersible as ‘unsafe’ will testify before U.S. Coast Guard investigators, potentially impacting the company’s future operation.
Central banks globally are set to announce interest rate changes this week, with the US expected to cut rates by up to half a point, while other countries will either hold steady or make smaller adjustments.
US stock markets started quietly on Monday as investors awaited the Federal Reserve's rate decision on September 17-18, with expectations for a rate cut influencing market movements.
CJK Milling plans to extract more gold from old mining waste in Leadville, Colorado, but residents worry that it could worsen pollution and undo years of cleanup efforts.
A proposed U.S. bill, HKETO, could lead to the shutdown of Hong Kong's trade offices if they are deemed too influenced by China, drawing strong objections from Beijing.
Ireland is set to receive a €13 billion ($14 billion) tax payment from Apple after an EU court ruling, despite Apple's objections and Ireland's reluctance to collect the back taxes.
This Friday, President Biden will sign an executive order to prioritize federal grants for projects offering better wages and benefits, aiming to boost job conditions and secure union support ahead of the November elections.
North Carolina man Michael Smith made $10 million by using AI and fake accounts to flood music streaming services with artificial songs, leading to charges of wire fraud and money laundering.
The hacker who stole $234 million from WazirX has started laundering the funds as efforts to recover them face challenges, further frustrating users.
