Profitloss Centerstage Events

To curtail cybercrime, Britain’s intelligence services demand authority to tap every telephone call and every e-mail sent or received takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 4

EU finance ministers agree to a plan to share more...

EU finance ministers agree to a plan to share more information on secret bank accounts with each other and non-EU countries, in a bid to combat tax evasion. However, the deal reached in Brussels has one significant loophole it will only take effect if other offshore tax havens, such as Switzerland and the Channel Islands, agree to share information too. This stipulation is included to satisfy EU countries with strong bank secrecy laws, such as Luxembourg.

Monday, 27 November, 2000

Venezuela's National Assembly Tuesday approves in its plenary session the...

Venezuela's National Assembly Tuesday approves in its plenary session the 2001 federal budget of 23.3 trillion bolivars ($33.50 billion).The budget receives the Assembly's green light.

Tuesday, 28 November, 2000

Rakuten Inc., which operates Japan's largest online shopping mall, has...

Rakuten Inc., which operates Japan's largest online shopping mall, has announced its plan to purchase Infoseek Japan KK, a significant provider of Internet search services. The acquisition will involve acquiring all remaining shares of Infoseek Japan for around 9 billion yen ($81.4 million) on Thursday.

Wednesday, 29 November, 2000

Vicente Fox takes office as President of Mexico....

Vicente Fox takes office as President of Mexico.

Thursday, 30 November, 2000

Following a 5% decrease in total U.S. vehicle sales during...

Following a 5% decrease in total U.S. vehicle sales during November, DaimlerChrysler Corp. has announced that it intends to idle more North American factories. Two of its 12 North American facilities, located in Newark, Del. and St. Louis, will be temporarily shut down during the week of Dec. 4. The Windsor, Ontario facility will be closed the following week, and for the week of Dec. 18, assembly plants in Belvidere, Ill.; Brampton, Ontario; Detroit; St. Louis; and Toledo, Ohio will not operate. The decision was made as Chrysler had previously idled three factories to reduce overflowing inventories at dealerships. These closures will result in 13,600 auto workers being without jobs. According to the company's sales report, the sales of cars and minivans suffered the steepest declines, with car sales falling 15% to 45,959 units, and minivan sales dropping 16% to 28,902 units. On the other hand, truck sales declined 2% to 138,106 units, while sales of sport-utility vehicles rose 6% to 62,461, bringing total sales to 184,065 vehicles.

Friday, 1 December, 2000

To curtail cybercrime, Britain’s intelligence services demand authority to tap...

To curtail cybercrime, Britain’s intelligence services demand authority to tap every telephone call and every e-mail sent or received by any person living in the country. Inter-personal communication including websites should be open to police tapping and the information would be kept alive for seven years in a government-run `data warehouse.

Saturday, 2 December, 2000

The board of directors at Coca-Cola Co reject a proposal...

The board of directors at Coca-Cola Co reject a proposal to acquire the Quaker Oats Co for $13.4 billion in stock. The decision to reject the deal is based on several factors, including concerns about the high price of the acquisition, the dilution of Coca-Cola's earnings per share, and the potential impact on the company's credit rating.

Sunday, 3 December, 2000