Profitloss Centerstage Events

The eight most powerful nations have issued a joint communique today, urging India and Pakistan to resume their stalled dialogue takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 2

French telecommunications company Vivendi announced that it would buy U.S....

French telecommunications company Vivendi announced that it would buy U.S. entertainment company Seagram and its subsidiary Universal Studios for $34 billion in stock and assumed debt. The acquisition would make Vivendi one of the largest media companies in the world.

Monday, 10 July, 2000

China and North Korea make it clear to the United...

China and North Korea make it clear to the United States that if the U.S. goes ahead with its proposed National Missile Defence plan, the two countries will find it difficult to cooperate with the U.S. in its efforts to curb weapons exports.

Tuesday, 11 July, 2000

The eight most powerful nations have issued a joint communique...

The eight most powerful nations have issued a joint communique today, urging India and Pakistan to resume their stalled dialogue as soon as possible and to adhere to the principles outlined in the Lahore declaration. They also implored both nations to refrain from taking any actions that could exacerbate the already tense situation in the subcontinent. The communique was released at the conclusion of a two-day meeting of G-8 Foreign Ministers, where they drafted a blueprint for their upcoming heads of government summit later this month. Furthermore, they called on both India and Pakistan to participate in international efforts to strengthen the nuclear non-proliferation regime.

Wednesday, 12 July, 2000

The U.S. House of Representatives approve a $13.8-billion Foreign Aid...

The U.S. House of Representatives approve a $13.8-billion Foreign Aid Bill, yielding to pressure from the White House to provide most of the funds requested by President Bill Clinton to alleviate the suffocating debt of some of the world's poorest countries.

Thursday, 13 July, 2000

Sierra Leone's Mining Minister said the Government has banned all...

Sierra Leone's Mining Minister said the Government has banned all diamond exports until a proper certification system is in place to back up international efforts to stop rebels profiting from the trade.

Friday, 14 July, 2000

UK's trade and industry secretary, Stephen Byers, gave approval for...

UK's trade and industry secretary, Stephen Byers, gave approval for consolidation in the country's independent television sector by lifting the 25% limit on advertising market share. This decision paves the way for a potential merger between Granada Media PLC, a subsidiary of Granada Group PLC, with either Carlton Communications PLC or United News & Media PLC.However, Mr. Byers stipulated that the proposed merger between Carlton and United could only proceed if the merged entity agrees to sell the license for the Meridian region within six months of the merger. Last November, Carlton and United had announced an intended £8.3 billion ($12.47 billion) merger that would give the combined company six of the 16 independent-television franchises and more than 25% of the advertising market.

Saturday, 15 July, 2000

In a first, the Tokyo Stock Exchange announces its intention...

In a first, the Tokyo Stock Exchange announces its intention to explore the possibility of offering night-hours stock trading in response to increasing demand from investors. A working group of 10 members from the exchange's membership brokerage houses is set to convene later this month to create a proposal, which is expected to be completed by October.

Sunday, 16 July, 2000