Profitloss Centerstage Events

A robot killing a person in the Volkswagen factory took center stage on Monday, 29 June 2015 among all major events across the globe, and remains the highlight of this week's list of center stage events.
Picture Courtesy: Profit loss

Centerstage events of week 5

The Willis Group, a British reinsurance broker, announces its merger...

The Willis Group, a British reinsurance broker, announces its merger with American company Towers Watson, creating an $18 billion company. This strategic merger aims to leverage the complementary expertise of both firms and enhance their global presence in the reinsurance market. The combined entity is expected to offer expanded services and deliver greater value to clients.

Monday, 29 June, 2015

Greece becomes the first advanced economy to default on a...

Greece becomes the first advanced economy to default on a payment to the International Monetary Fund (IMF) in the organization's 71-year history. This unprecedented event challenges established norms and has significant implications for future IMF rescues. Greece's failure to make the payment intensifies the ongoing financial crisis and raises concerns about the country's economic stability and its ability to fulfill its financial obligations.

Tuesday, 30 June, 2015

The Centers for Disease Control and Prevention (CDC) reports the...

The Centers for Disease Control and Prevention (CDC) reports the death of a 21-year-old woman caused by Naegleria fowleri, a rare and highly fatal brain-eating amoeba. This amoeba enters the body through the nose during swimming in warm freshwater and migrates to the brain, causing severe illness. Although the risk of infection is extremely low, it is important to raise awareness about preventive measures when engaging in water activities.

Wednesday, 1 July, 2015

Aetna Inc. announces its agreement to acquire Humana Inc. for...

Aetna Inc. announces its agreement to acquire Humana Inc. for $34.1 billion in cash and stock. This significant deal, following a period of intense merger discussions in the health insurance industry, aims to create a stronger entity capable of navigating the evolving healthcare landscape. The acquisition positions Aetna to expand its presence and offerings while enhancing its competitiveness in the market.

Thursday, 2 July, 2015

Tupou VI is officially crowned the King of Tonga in...

Tupou VI is officially crowned the King of Tonga in Nuku'alofa, the capital of Tonga. As the younger brother and successor of the late King George Tupou V, Tupou VI assumes the throne following his brother's confirmation of him as the heir presumptive. The coronation ceremony, attended by foreign royals, marks an important event in Tonga's monarchy and ensures a smooth transition of leadership.

Friday, 3 July, 2015

China's central bank, the People's Bank of China, announces plans...

China's central bank, the People's Bank of China, announces plans to provide liquidity support to stabilize the country's declining stock market. The bank will inject capital into China Securities Finance Corp., which will then expand brokerages' ability to finance investors' stock purchases. This intervention aims to restore market confidence and mitigate the impact of the market downturn on China's financial system, signaling the government's commitment to maintaining stability.

Saturday, 4 July, 2015

Hacking Team, an Italian surveillance tech firm, suffers a major...

Hacking Team, an Italian surveillance tech firm, suffers a major data breach, exposing files that reveal its sale of surveillance software to several countries, including Sudan, Egypt, Russia, and the U.S. This incident highlights concerns about the global market for surveillance technology and the potential misuse of such tools by governments. The growing demand for off-the-shelf surveillance tech emphasizes the need for stricter regulations in this field.

Sunday, 5 July, 2015