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- saipriya.i@fractovia.org | https://twitter.com/saipriya_i
Contribution by Saipriya Iyer
Musk being probed by federal authorities over $44B Twitter deal
Elon Musk, CEO of the automotive giant Tesla, is reportedly being probed by federal authorities in association with his $44 billion takeover of Twitter, according to a court filing publicly disclosed on Thursday. While the filing stated that he was being investigated, it neither specified the nat... Read More
Poor households will lose £1000 if UK raises benefits earning-wise
If the government increases benefits in accordance with earnings instead of inflation next year, it will reportedly reduce the incomes of poor working-class families significantly while only saving less than a tenth of the cost of current tax reductions, as per a renowned economic thinktank. Acco... Read More
Samsung vows to invest $5.2B by 2032 for biotechnology expansion
Samsung Electronics Vice Chairman Lee Jae-yong paid a visit to Samsung Biologics, a contract development, and manufacturing organization under the Samsung conglomerate, in Songdo, Seoul, and committed to investing 7.5 trillion won ($5.2 billion) through 2032 to cement the biotechnology unit's le... Read More
The UK takes steps to calm market after being criticized for budget
Britain has reportedly ramped up efforts to settle market chaos on Monday, following a sharply criticized budget, with the administration bringing forth key economic estimates and the Bank of England (BoE) increasing liquidity. After the market turmoil caused by his borrowing-driven budget in Sep... Read More
GM targets US mass with all-electric Chevrolet Equinox SUV for $30,000
General Motors (GM), the prominent American automobile manufacturer, has reportedly unveiled a new $30,000 all-electric SUV, specifically aimed at the mass market. The launch appears to be the firm’s latest attempt to boost US EV sales and outperform its rival, Tesla, the pure-EV manufacturing... Read More
S’pore’s Klikit receives $2M funding to save firms from ‘tablet hell’
Klikit, the Singapore-based platform that came out of stealth mode with pre-seed funding of $2 million now reportedly aims to work toward gathering order data from all apps into one platform to rescue Southeast Asian restaurants from ‘tablet hell.’ The funding round was co-led by Wave... Read More
Pound hikes as the UK govt take U-turn to cut highest income tax rate
The pound reportedly rose on news that the UK would forgo plans to reduce the highest rate of income tax, one of the controversial parts of a package of financial reforms that drove sterling and British government bonds into a tailspin last month. The U-turn follows a crisis of investor confidenc... Read More
Slowing demand and rising cost pressures weaken Asia’s factory output
Asia’s factory output reportedly slumped last month due to the reduced demand in China and developed economies apart from the region's ongoing cost pressures. This casts doubt on the chances for the region's economy to rebound, as per surveys. Manufacturing activity decreased in Mal... Read More
Mitsubishi Heavy, Hitachi to develop next-gen nuclear reactors by 2030
Mitsubishi Heavy Industries Ltd, the Japanese engineering company, and a subsidiary of the Japanese electronics giant Hitachi Ltd have reportedly planned to develop next-gen nuclear reactors independently in what may be the first two initiatives in the administration's recent shift in policy to ... Read More
Dublin-based Yonder secures €2.6M to build health and pension benefits
Yonder, the Dublin-based all-in-one platform for automating global health insurance and pension benefits, has reportedly raised €2.6 million ($2.4 million) in funding led by Northzone and Frontline Ventures to provide affordable and accessible global financial advantages for underprivileged emp... Read More