Profitloss Centerstage Events

The World Trade Organization rules that American copyright law partially violates global trade rules, in favor of European composers takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 1

According to sources familiar with the deal, Citigroup Inc. has...

According to sources familiar with the deal, Citigroup Inc. has completed the acquisition of a 66% stake in Bank Handlowy w Warszawie SA, marking the U.S. firm's inaugural purchase of a Polish bank.

Monday, 5 June, 2000

A deal to sell the failed Nippon Credit Bank Ltd....

A deal to sell the failed Nippon Credit Bank Ltd. to a group of investors led by Softbank Corp. has been finalized, marking the completion of Japan's high-profile efforts to sell two big nationalized banks by the government.

Tuesday, 6 June, 2000

The World Trade Organization rules that American copyright law partially...

The World Trade Organization rules that American copyright law partially violates global trade rules, in favour of European composers and songwriters and against the U.S. government. The ruling stated that the law allows some businesses such as restaurants and bars to play radio and television music without paying royalties.

Wednesday, 7 June, 2000

60 entrepreneurs from the United States, who are interested in...

60 entrepreneurs from the United States, who are interested in doing business in Cuba, discuss the potential for future investments on the communist island in case the U.S. embargo is lifted. Former Senator Donald Riegle Jr. of Michigan, who is currently the deputy chairman of Shandwick International, a firm that specializes in pharmaceuticals, biotechnology, medical equipment, and energy, emphasized the need to find a way to end the embargo and establish a normal trading relationship with Cuba.

Thursday, 8 June, 2000

Interfax news agency reports that the Taliban movement in Afghanistan...

Interfax news agency reports that the Taliban movement in Afghanistan is gathering troops and weapons in the northern region of the country, indicating possible intentions to attack areas held by the rebels.

Friday, 9 June, 2000

The death of Hafez al-Assad, who had been in power...

The death of Hafez al-Assad, who had been in power in Syria for three decades, marked a significant change in the political landscape of the Middle East. Israeli Prime Minister Ehud Barak acknowledged the shift and expressed a commitment to continue peace negotiations with the new leadership in Syria.

Saturday, 10 June, 2000

The Kuwaiti Coast Guard seized a ship for allegedly violating...

The Kuwaiti Coast Guard seized a ship for allegedly violating the United Nations embargo on Iraq. The ship had seven crew members from India and Pakistan on board. This incident highlights the ongoing effort by the international community to enforce the embargo, which was put in place following Iraq's invasion of Kuwait in 1990. The embargo was aimed at preventing Iraq from importing or exporting goods that could be used for military purposes. Despite the embargo, there have been reports of goods and resources being smuggled into Iraq, which has been a source of tension between Iraq and other countries in the region.

Sunday, 11 June, 2000