Profitloss Centerstage Events

On January 19, 2000, the World Bank launches a new trading fund aimed at combatting carbon dioxide emissions takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 3

Six of the world's largest semiconductor manufacturers have announced that...

Six of the world's largest semiconductor manufacturers have announced that they will collaborate to develop new technology for the most widely used type of memory chip in personal computers. This move was prompted by increasing product development costs. The group includes Intel Corp. and Micron Technology Inc. from the U.S., NEC Corp. from Japan, Samsung Electronics Co. and Hyundai Electronics Industries Co. from South Korea, and Infineon Technologies AG, a unit of Germany's Siemens AG. Excluding Intel, is primarily focused on microprocessors, these six companies control about 70% of the global DRAM (dynamic random access memory) market, which was valued at $21 billion in the previous year, according to research firm Dataquest Inc.

Monday, 17 January, 2000

On January 19, 2000, the World Bank launches a new...

On January 19, 2000, the World Bank launches a new trading fund aimed at combatting carbon dioxide emissions. The fund, called the Prototype Carbon Fund, is designed to help industrialized countries meet their commitments under the Kyoto Protocol, an international agreement aimed at reducing greenhouse gas emissions. The Kyoto Protocol was adopted on December 11, 1997, and is not entered into force.

Tuesday, 18 January, 2000

A fire burns down Table Mountain, a prominent landmark in...

A fire burns down Table Mountain, a prominent landmark in Cape Town, South Africa. An estimated 10,000 hectares of forest land burns and causes significant damage to the ecosystem.

Wednesday, 19 January, 2000

After the administration of Ecuador president Jamil Mahuad announced its...

After the administration of Ecuador president Jamil Mahuad announced its intention to adopt the U.S. dollar as the official currency of the country, protests have led to the 2000 Ecuadorian coup d'état with Mahuad's removal from office as the President of Ecuador and elevates Vice President Gustavo Noboa to the presidency.

Thursday, 20 January, 2000

Jamil Mahuad is sent into exile and Gustavo Noboa becomes...

Jamil Mahuad is sent into exile and Gustavo Noboa becomes President of Ecuador. He was born in Guayaquil, Ecuador, in 1937, and he earned a law degree from the Universidad Católica Santiago de Guayaquil in 1962. After completing his studies, he worked as a lawyer and law professor, and he also became involved in politics.Noboa's political career began in the 1970s, when he was appointed as a provincial governor by the military government of Ecuador. He later served as a member of the National Congress, and he was elected as the Mayor of Guayaquil in 1984. After leaving office as Mayor, Noboa continued to be active in politics, and he served as the Vice President of Ecuador under President Jamil Mahuad from 1998 to now.

Friday, 21 January, 2000

Dow Jones Industrial Average (DJIA), a stock market index that...

Dow Jones Industrial Average (DJIA), a stock market index that tracks 30 large, publicly-owned companies in the United States, experiences a weakening trend. This is due to growing concerns among investors about the possibility of inflation, which can have a negative impact on the value of stocks and other assets.

Saturday, 22 January, 2000

The Dow Jones Industrial Average, which tracks 30 large, publicly-owned...

The Dow Jones Industrial Average, which tracks 30 large, publicly-owned companies in the United States, lost more than 500 points on January 24, 2000, or about 4.6% of its value. This was the 10th-worst daily loss in the history of the index, and it represented a significant drop in investor confidence.

Sunday, 23 January, 2000