Profitloss Centerstage Events

According to a survey by UNICEF, nearly one in five children in Britain live in families below the poverty line takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 2

World Bank officials approve funding for an anti-poverty project in...

World Bank officials approve funding for an anti-poverty project in China that had been a subject of controversy. However, the approval comes with conditions attached that the Chinese government found to be challenging. These conditions include the requirement to consult independent environmentalists and to establish an environmental commission to monitor the project's implementation. The Chinese government is uncertain whether it still wanted to accept the funding under these conditions. The project is intended to alleviate poverty in rural areas of China, but concerns had been raised about its potential impact on the environment.

Monday, 12 June, 2000

The Prime Minister of the Solomon Islands, Mr. Bartholomew Ulufa'Alu,...

The Prime Minister of the Solomon Islands, Mr. Bartholomew Ulufa'Alu, resigned from his post, citing "political instability" and "ongoing problems" in the country. His resignation comes amid intense pressure from the Malaita Eagle Force (MEF), a militant group that has seized control of the country's capital, Honiara, in May. The MEF had demanded that Ulufa'Alu step down and make way for a new government that would represent the interests of the country's ethnic Malaitan population. The MEF had accused the prime minister of favoring the rival Guadalcanal people, with whom the Malaitans had been engaged in a bitter ethnic conflict. Ulufa'Alu's resignation was seen as a positive development by many in the Solomon Islands, as it paved the way for a peaceful resolution to the country's political crisis. However, there were concerns that the MEF's demands could lead to further violence and instability in the country, which had already been wracked by years of ethnic conflict.

Tuesday, 13 June, 2000

In a first, The signing of an accord between North...

In a first, The signing of an accord between North Korea and South Korea raises expectations that the highly anticipated meeting between their respective leaders could mark the beginning of a resolution to the long-standing conflict from the Cold War.

Wednesday, 14 June, 2000

The German government and energy industry came to an agreement...

The German government and energy industry came to an agreement to close down the country's 19 nuclear power plants once they generate an additional 32 years' worth of electricity.

Thursday, 15 June, 2000

According to a survey by UNICEF, the United Nations children's...

According to a survey by UNICEF, the United Nations children's fund, nearly one in five children in Britain live in families below the poverty line, indicating that the country has one of the highest rates of child poverty in the developed world.

Friday, 16 June, 2000

The Brazilian currency, the real, falls to a new low...

The Brazilian currency, the real, falls to a new low against the US dollar, sparking fears of inflation.

Saturday, 17 June, 2000

Microsoft Corporation announces its acquisition of Bungie Software Products Corporation,...

Microsoft Corporation announces its acquisition of Bungie Software Products Corporation, a Chicago-based company known for its innovation in the computer-games industry. The acquisition is made with the intention of creating cutting-edge games for Microsoft's upcoming X-Box video-game console. Although the terms of the acquisition are not disclosed, some analysts estimated the purchase price to be between $20 million and $40 million.

Sunday, 18 June, 2000