About Author
Saipriya Iyer
Saipriya Iyer presently works as a content developer for fractovia.org. Having dabbled with the domain of content creation for nearly half a decade, she now boasts of an enviable portfolio, holding substantial experience in penning down pieces related to technology, finance, and a wide spectrum of other industry verticals. A qualified computer engineering graduate from the University of Pune, Saipriya can often be found leveraging her knowledge of software technology and electronics in her write-ups. She can be contacted at- [email protected] | https://twitter.com/saipriya_i
Contribution by Saipriya Iyer
High flying demand drives Ryanair's half-year profits to record $1.3B
Ryanair, the Ireland-based airline group, announced a spike in profits to a record $1.3 billion (£1.2 billion) for the first half of its fiscal year, as the airline claimed that it was witnessing no slowdown in the demand for air travel with approaching winter which follows a high number of su... Read More
Singapore’s Great Eastern posts 30% profit in Q3 on insurance business
Great Eastern, the Singapore-based finance and insurance arm of OCBC Bank, has reportedly posted a 30% profit boost to the net profit of the firm, raising it to $278 million for Q3 that ended on September 30 from $213.3 million in the same period last year on Wednesday. The OCBC Bank's insura... Read More
Britain’s National Grid launches £50M emergency fund for poor families
British electricity and gas utility company’s CEO has reportedly warned of a sharp rise in people seeking support to pay their energy bills as the firm started a £50 million ($57.7 million) emergency support fund. According to John Pettigrew, funds from the UK power network operator w... Read More
China imposes lockdown on millions as Covid cases hike ahead of winter
Officials in Chinese provinces and cities around the country are reportedly trying to curb sporadic COVID-19 breakouts as winter approaches, by immediately closing venues and imposing extended interim lockdowns on millions of individuals. On Sunday, the number of cases in mainland China surpasses... Read More
Hyundai Oilbank expands across industries to improve ESG impact
Hyundai Oilbank, the South Korean petroleum and refinery company has been reportedly working across industries to reduce its environmental effect. The South Korean oil corporation announced on October 17 that it had struck a business deal with retailer LG Household & Health Care and petrochem... Read More
UK: Officials say decisions on tax raises and spending cuts are sober
UK chancellor Jeremy Hunt and PM Rishi Sunak are reportedly experiencing sober decisions on possible tax rises and spending cuts, as per officials. They were informed in a meeting on Thursday that economic expansion is anticipated to be far slower than the most recent independent forecast. Hence,... Read More
Shell’s 2nd highest Q3 profit raises call for the windfall tax hike
Shell PLC, the British oil and gas giant, has reportedly posted the second-largest quarterly profit in history, almost double its last figure. It reported that its Q3 profits increased to $9.5 billion, up from $4.2 billion in the same quarter in 2021. Calls for a higher tax on the earnings of ... Read More
Flashlight Capital advises KT&G to spin off ginseng unit to gain value
Flashlight Capital, a Singapore-based activist private equity firm, has reportedly advised Korean cigarette producer KT&G to spin off its ginseng division for a stock listing, as a vital step toward regaining corporate value amidst an increasing global trend toward ESG or environmental, social, ... Read More
Beijing boosts Covid measures as cases quadruple during Congress meet
Beijing, the capital of China, has reportedly stepped-up efforts to curb Covid, increasing public accountability and locking down several residential places after the number of cases has become four times recently, just as a crucial Communist party session has begun. The city of 21 million popula... Read More
S’pore non-oil domestic exports jumps 3.1% in Sept, electronics shrink
Singapore's main exports reportedly performed poorly in September due to deteriorating global growth prospects and mounting threats of recession. According to figures released by Enterprise Singapore, after growing by 11.4% in August, non-oil domestic exports (Nodx) increased by 3.1% annually... Read More