Author: omc_admin

Return-related fraud is costing retailers more money as e-commerce continues to grow. LiquiDonate released its 2026 Returns Fraud Report this week, detailing how fraudulent returns are becoming more common across online retail and adding pressure to already-thin margins. The report outlines how return fraud happens, how much it costs retailers, and what companies can do to reduce the damage. According to the report, retailers estimate that about 15% of all returns involve some form of fraud. Total retail returns reached $850 billion in 2025, with online purchases showing a return rate of 24.5%, far higher than the 8.9% rate for in-store…

• $100 million Series C financing led by Decarbonization Partners, a joint venture of BlackRock and Temasek• Investment pushes osapiens to unicorn status, building on Goldman Sachs Alternatives and Armira Growth support• Expansion targets global regulatory compliance markets amid rising ESG disclosure and decarbonization requirements osapiens, the enterprise software company focused on regulatory compliance and sustainability, secured $100 million in Series C financing led by Decarbonization Partners, the joint venture formed by BlackRock and Temasek. The round is subject to regulatory approvals and lifts osapiens’ valuation above $1 billion, positioning the firm among the fastest scaling sustainability software platforms globally…

Sustainability software provider osapiens announced today that it has raised $100 million in a new Series C fundraising round, led by BlackRock and Temasek’s decarbonization-focused fund, Decarbonization Partners, at a “unicorn” valuation of greater than $1 billion. Founded in 2018, Mannheim, Germany-based osapiens provides cloud-based software solutions aimed at enabling organizations to automate complex compliance tasks, streamline operations, and monitor sustainability metrics in real time, and to comply with national and international sustainability regulations. The company’s AI-powered platform, osapiens HUB, includes more than 25 solutions, including transparency solutions enabling companies to map and monitor value chains to mitigate risk and…

The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesDutch group Follow This on Wednesday launched a newly revised strategy to take on Big Oil at the upcoming proxy season, seeking to increase shareholder pressure on the financial sustainability of fossil fuel business models. The prominent climate activist group, which paused filing shareholder resolutions last year due to a lack of investor appetite, said it will change tack to focus on the financial risks associated with declining oil and gas demand — rather than requesting emission reduction targets.The…

India’s largest state-owned refiner, Indian Oil Corporation (IOC), has bought its first-ever crude from Ecuador as it seeks to replace part of its Russian crude deliveries with supplies from as far as South America. IOC has purchased in a tender its first cargo from Ecuador – 2 million barrels of the medium-heavy sour Oriente crude, for delivery at the end of March, trade sources told Reuters on Wednesday.   The biggest state refiner in India and all other Indian firms are scouring the globe for favorably priced crude to replace the Russian supply they have lost following the U.S. sanctions on Russia’s top…

The UK’s Department for Energy Security and Net Zero (DESNZ) announced today the results of its 7th annual offshore wind “Contracts for Difference” (CfD) auction round, securing record 8.4 GW in contracts, making it the largest-ever single procurement of offshore wind energy in the UK and Europe. According to the DESNZ, the renewable energy capacity generated by the auction’s projects will provide electricity equivalent to the energy needs of more than 12 million homes, with the auction results set to unlock approximately £22 billion (USD$29.6 billion) in private investment. German power producer RWE emerged as the biggest auction winner by…

BP expects to book up to $5 billion in impairments for the fourth quarter, mostly related to its energy transition businesses, while oil trading was weak and gas trading averaged at the end of 2025.  The fourth-quarter results are expected to include post-tax adjusting items relating to impairments, including impairments within equity-accounted entities, in the range of $4-5 billion, primarily related to the transition businesses, BP said in a trading statement on Wednesday, ahead of the full Q4 results, which will be published on February 10, 2026.“These charges are primarily attributable to the gas and low carbon energy segment and are…

The Norwegian Ministry of Energy announced, in a statement posted on its website on Tuesday, that it has offered 57 new production licenses to 19 companies on the Norwegian Continental Shelf in the APA (Awards in Predefined Areas) 2025 licensing round. Of the 57 production licenses offered in APA 2025, 31 are located in the North Sea, 21 in the Norwegian Sea, and five in the Barents Sea, the statement highlighted. Equinor Energy AS was offered the highest number of combined parts in licenses and operatorships, with 52, followed by Aker BP ASA, with 34, and DNO Norge AS, with…

In 2025, Grindr launched a medication side hustle. The company’s internal product strategy roadmap shows its ambition to launch other DTC offerings and scale them into meaningful moneymakers.Grindr plans to create multiple new direct-to-consumer businesses, according to a product strategy plan obtained by Business Insider. Its goal is to scale up four successful DTC businesses each earning between $15 and $30 million in revenue in 2028.”Our users have significant disposable income and are spending it on DTC products and services elsewhere — e.g., medications; wellness and fitness products; luxury experiences; travel; networking,” the document reads.”We are creating new business lines…

2026-01-14T10:44:17.396Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Elon Musk said Tesla will make FSD subscription-only and remove the option to buy it outright. Tesla is struggling to get owners to pay for the assisted driving tech. Musk’s $1 trillion pay package also requires Tesla to hit 10 million FSD subscriptions. Elon Musk has a Valentine’s Day…