Profitloss Centerstage Events

Security software companies issuing a warning to computer users of a "Love Bug" virus takes the centerstage among all global events which has happened over this week.
Picture Courtesy: Profit loss

Centerstage events of week 3

HSBC Holdings PLC has announces its acquisition of a 75%...

HSBC Holdings PLC has announces its acquisition of a 75% stake in Bangkok Metropolitan Bank, the eighth largest bank in Thailand, for a total of 36.6 billion Thai baht ($940 million). As part of the acquisition, HSBC plans to restructure BMB's capital structure to maintain an appropriate level of capital.

Monday, 15 May, 2000

To address the issue of record unemployment, the Japanese government...

To address the issue of record unemployment, the Japanese government announces plans to spend 400 billion yen ($3.67 billion) to create jobs. The funds will be used to support small businesses and implement other measures aimed at generating 350,000 jobs over the next year. This initiative has been launched in response to the deep economic crisis in Japan, which has resulted in many companies downsizing their workforce. Unemployment figures hit a record high of 4.9% in February and March, underscoring the urgent need for government intervention.

Tuesday, 16 May, 2000

In an unanimous decision, the Security Council has imposed an...

In an unanimous decision, the Security Council has imposed an arms embargo on Ethiopia and Eritrea, which will prohibit the sale, supply, and provision of weapons, as well as technical and military assistance to the two neighboring African nations. The embargo will remain in place until both countries come to a peace agreement and cease hostilities along their shared border.

Wednesday, 17 May, 2000

Security software companies have issue a warning to computer users...

Security software companies have issue a warning to computer users today, advising them to take precautions against a new and more powerful strain of the "love bug" virus that spread worldwide earlier this month. The virus, called "Herbie Love Bug II," has already infected several thousand computers, according to experts. It is more destructive than the original virus as it not only erases files, but also attempts to evade detection by altering its appearance. However, there is optimism that it may not spread as rapidly as companies have implemented security updates since the initial outbreak of the love bug.

Thursday, 18 May, 2000

Confirming its liquidation, the prominent internet company Boo.com has become...

Confirming its liquidation, the prominent internet company Boo.com has become the first major European internet business to fail. This news has come at a time when investors are already becoming less enthusiastic about the previously booming dot-com sector, and there are growing concerns about how these new startups are handling their finances.

Friday, 19 May, 2000

Telefonica SA, the telecommunications industry leader, announces its intention to...

Telefonica SA, the telecommunications industry leader, announces its intention to invest $1.7 billion in Argentina by utilizing its current regional mobile operator, Unifon SA.

Saturday, 20 May, 2000

The political fate of Fiji's Indian-origin Prime Minister, Mr. Mahendra...

The political fate of Fiji's Indian-origin Prime Minister, Mr. Mahendra Pal Chaudhry, is uncertain on this day as reports emerge from the capital city of Suva that he has been forcibly removed from Parliament by rebels led by Mr. George Speight. Eyewitnesses in the Fijian capital and elsewhere in the South Pacific region have confirmed these accounts, stating that Mr. Chaudhry was being held hostage by the rebels and subjected to gunpoint threats.

Sunday, 21 May, 2000