Profitloss Centerstage Events

Motorola Inc., a U.S. phone maker, is producing thousands of handsets equipped with general packet radio services (GPRS) transmitters takes takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 4

The Russian President, Mr. Vladimir Putin, said he plans to...

The Russian President, Mr. Vladimir Putin, said he plans to adopt a more pragmatic and assertive foreign policy in the coming century, with a focus on promoting its economic revival. The new approach will be less ambitious and more practical.

Monday, 25 December, 2000

Europe is seeing the emergence of a new type of...

Europe is seeing the emergence of a new type of mobile phones that can maintain continuous links with the Web. This is raising hopes that the wireless Internet will finally take off in Europe as it has in Japan. Motorola Inc., a U.S. phone maker, is producing thousands of handsets equipped with general packet radio services (GPRS) transmitters. These transmitters can reduce the time it takes to access the Internet to less than five seconds from over 20 seconds. In Japan, handsets with similar "always on" connections have proven popular, with over 18 million people estimated to use the wireless Internet. However, there are only about 13 million wireless Internet users in Europe. Analysts believe that GPRS will significantly boost this number, and see it as a significant revolution in the European mobile phone industry.

Tuesday, 26 December, 2000

John Kufuor secures victory in the runoff of the presidential...

John Kufuor secures victory in the runoff of the presidential election, becoming Ghana's President. This triumph signifies the first peaceful democratic power transfer in Ghana since gaining independence in 1957.

Wednesday, 27 December, 2000

Banco Santander Central Hispano SA plans to submit a €1.3...

Banco Santander Central Hispano SA plans to submit a €1.3 billion ($1.21 billion) cash offer for the remaining 67% stake it does not currently own in Banco do Estado de Sao Paulo SA, Brazil's eighth-largest bank. The Spanish banking behemoth announced its intention to propose a price of 95 reals ($48.74 or €52.47) per 1,000 Banespa shares, reflecting a 58% premium on the December 28 closing price for the Brazilian bank's preferred shares. Banespa's preferred shares experienced a 1.3% decline, closing at 60.01 reals, while its ordinary shares closed at 62 reals.

Thursday, 28 December, 2000

Daewoo Motor Co., a bankrupt South Korean company, announced plans...

Daewoo Motor Co., a bankrupt South Korean company, announced plans to lay off 6,884 employees, which represents 32% of its 21,789-strong workforce, as part of ongoing restructuring efforts.

Friday, 29 December, 2000

the stock market concluded its most dismal year in almost...

the stock market concluded its most dismal year in almost two decades. The Nasdaq Composite Index plummeted by 39%, marking its largest annual decline ever, following a record 86% surge the previous year. The Dow Jones Industrial Average experienced a 6.2% drop for the year, its worst outcome since 1981. Meanwhile, the broader Standard & Poor's 500 stock index declined by 10%, the weakest performance since 1977.

Saturday, 30 December, 2000

Greece formally adopts the euro as its currency replacing the...

Greece formally adopts the euro as its currency replacing the drachma. The decision to adopt the euro is made as part of Greece's efforts to integrate further into the European Union (EU), which it joined in 1981.

Sunday, 31 December, 2000