Profitloss Centerstage Events

The United Nations Security Council which has unanimously passed Resolution 1330 takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 1

The United Nations Security Council has unanimously passed Resolution 1330,...

The United Nations Security Council has unanimously passed Resolution 1330, which extends the provisions related to the export of Iraqi petroleum or petroleum products in exchange for humanitarian aid for an additional 2000 days.

Monday, 4 December, 2000

The European Union and the United States reached an agreement...

The European Union and the United States reached an agreement on the allocation of frequencies for third-generation mobile phone services.

Tuesday, 5 December, 2000

After months of takeover speculation, Wanadoo SA, a French Internet...

After months of takeover speculation, Wanadoo SA, a French Internet service provider, has reached an agreement to acquire Freeserve PLC, the largest Internet service provider in Britain, in a friendly all-share offer. The deal, which is valued at approximately 2.52 billion euros ($2.25 billion), will bring together two companies backed by major stakeholders; Wanadoo is controlled by state-owned France Telecom SA, which owns 88% of the company, while Freeserve is 80% owned by Dixons Group PLC.

Wednesday, 6 December, 2000

The International Monetary Fund comes to the aid of Turkey...

The International Monetary Fund comes to the aid of Turkey by offering a $7.5 billion loan package to prevent further deterioration of the country's financial system. Although financial markets reacted positively to the news, ratings agencies cautioned that some mid-sized Turkish banks may not survive the recent financial turmoil. As a response to the crisis, the Turkish government intervened by taking control of the struggling Demirbank, which was the country's ninth-largest financial institution in terms of assets, and revoking the banking license of the small, single-branch Park Yatirim. The two-week crisis was fueled in part by concerns about the financial stability of Turkey's mid-sized banks.

Thursday, 7 December, 2000

Palestine and its supporters are seeking a vote on a...

Palestine and its supporters are seeking a vote on a revised resolution aimed at reducing violence in West Asia in the Security Council. However, they are apprehensive about the potential for the United States to veto the resolution. Diplomats have warned that a veto could exacerbate the violence that has already resulted in over 300 deaths, mostly Palestinians, since September, and potentially lead to further casualties. The new draft resolution, which has been proposed by Palestine and six developing countries that are members of the Security Council, omits the specific number of U.N. peacekeepers. In the previous version, 2,000 observers were called for to help address the violence in the West Bank and Gaza Strip.

Friday, 8 December, 2000

Mr. John Agyekum Kufor, will take over as the new...

Mr. John Agyekum Kufor, will take over as the new President of Ghana. He is the current president of New Patriotic Party (NPP) and was candidate in the presidential poll. After the return of civilian rule in Ghana, Kufuor became the Deputy Minister of Foreign Affairs under the government of Ignatius Kutu Acheampong from 1972 to 1975. In 1979, he was appointed the Secretary for Local Government in the People's National Party government of Hilla Limann. However, the government was overthrown by a military coup in 1981, and Kufuor was arrested and detained for several months.Following his release, Kufuor was elected as a member of parliament in 1996 and served as the Minority Leader in parliament

Saturday, 9 December, 2000

The United Nations Security Council approved a resolution extending the...

The United Nations Security Council approved a resolution extending the mandate of the UN mission in Sierra Leone, aimed at promoting stability and security in the region.

Sunday, 10 December, 2000