Profitloss Centerstage Events

Japan, adopting a resolution to remove economic sanctions imposed on India following the Pokharan nuclear tests takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 4

During a visit to Toyota Motor Corp.'s engine-manufacturing facilities to...

During a visit to Toyota Motor Corp.'s engine-manufacturing facilities to mark the official completion of the plant, the company's President Fujio Cho expressed his desire for Toyota to become the world's foremost leader in green-vehicle technology. On Monday, Mr. Cho revealed that Toyota was planning to develop a gasoline-electric hybrid sport-utility vehicle and expand this emerging technology into "many other vehicle types" as part of the company's efforts to promote the use of gasoline-electric powertrains.

Monday, 22 May, 2000

On Wednesday, the Liberal Democratic Party, which is the largest...

On Wednesday, the Liberal Democratic Party, which is the largest in the ruling coalition of Japan, adopted a resolution recommending the removal of economic sanctions imposed on India following the Pokharan nuclear tests. This indicates that Japan is poised to lift the ban in the near future.

Tuesday, 23 May, 2000

Israel completes the withdrawal of its Israel Defense Forces (IDF)...

Israel completes the withdrawal of its Israel Defense Forces (IDF) troops from southern Lebanon, ending an 18-year-long military presence in the area. The decision to withdraw was made by then-Israeli Prime Minister Ehud Barak, who believed that, continued military presence in Lebanon was not worth the loss of Israeli lives. The move was also seen as a fulfilment of Israel's obligations under UN Security Council Resolution 425, which called for the withdrawal of all Israeli forces from Lebanese territory. The withdrawal was welcomed by the Lebanese government and was seen as a significant milestone in the history of the Israeli-Palestinian conflict. However, it was also met with criticism from some Israelis who feared that it would embolden Hezbollah, the militant group that had been fighting against Israel's presence in southern Lebanon.

Wednesday, 24 May, 2000

Starting next year, Honda Motor Co. plans to introduce a...

Starting next year, Honda Motor Co. plans to introduce a gasoline-electric hybrid subcompact under its Civic brand in Japan, followed by a release in the United States. This strategic move by Honda is expected to drive the adoption of hybrid technology into mainstream use and intensify the competition among automakers to dominate the hybrid market.

Thursday, 25 May, 2000

The board of Deutsche Boerse, the German stock exchange, approves...

The board of Deutsche Boerse, the German stock exchange, approves a proposal for a merger with the London Stock Exchange to create a new pan-European stock market called iX. The merger is designed to create a more competitive market in Europe and challenge the dominance of the New York Stock Exchange and Nasdaq. However, the proposal was met with controversy, with some critics arguing that it would harm the interests of small and medium-sized businesses and lead to a loss of jobs. The merger eventually fell through due to opposition from shareholders and regulators, and the two exchanges remained separate entities.

Friday, 26 May, 2000

For the fiscal year that ended on March 31, Nippon...

For the fiscal year that ended on March 31, Nippon Telegraph & Telephone Corp. reports a group net loss of 67.81 billion yen ($631.1 million), which is attributed to an extraordinary charge of 755.01 billion yen to address a pension fund deficit. However, the telecommunications company is optimistic about its prospects in the current year, citing expected growth in its Internet and mobile phone services as key drivers for a return to profitability.

Saturday, 27 May, 2000

a spokesperson for the Economic Community of West African States...

a spokesperson for the Economic Community of West African States (ECOWAS), a summit held in West Africa today reached an agreement to dispatch troops to Sierra Leone, which has been beset by war, and to transfer the rebel leader, Foday Sankoh, to a foreign country. The spokesperson stated that 3,000 soldiers would be deployed to Sierra Leone and work under the United Nations command.

Sunday, 28 May, 2000