Profitloss Centerstage Events

Estimated 80% blackout in Pakistan, took center stage on Tuesday, 27 January 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 4

Pakistan experiences a massive blackout, leaving up to 80 percent...

Pakistan experiences a massive blackout, leaving up to 80 percent of the country without electricity due to a militant attack on a transmission tower in Baluchistan province. Authorities work swiftly to restore power, with approximately half the country regaining electricity by mid-morning. Despite the challenges, efforts continue to restore full power supply, and it is estimated that the remaining areas will have power restored within the next six to eight hours.

Monday, 26 January, 2015

Novartis AG and GlaxoSmithKline PLC receive regulatory approval from the...

Novartis AG and GlaxoSmithKline PLC receive regulatory approval from the European Union for a series of deals worth over $20 billion. The agreement allows Novartis to streamline its operations while transforming Glaxo into a significant player in the vaccines and consumer-drug market. The European Commission grants approval on the condition that the companies divest certain assets and establish distribution agreements to address competition concerns.

Tuesday, 27 January, 2015

Amazon.com Inc. announces the launch of WorkMail, an email and...

Amazon.com Inc. announces the launch of WorkMail, an email and electronic calendar service aimed at entering the corporate-email market dominated by Microsoft Corp. and Google Inc. With WorkMail, Amazon seeks to provide businesses with an alternative option for managing their email and calendar services. The move represents Amazon's expansion into new areas of digital services, aiming to compete with established players in the corporate communication sector.

Wednesday, 28 January, 2015

Chemist Donald Fleming from the University of British Columbia publishes...

Chemist Donald Fleming from the University of British Columbia publishes research in Angewandte Chemie International Edition, revealing the discovery of a new form of chemical bond called the vibrational bond. This bond occurs between large atoms like bromine and small atoms like hydrogen at high energy states, existing only for a short duration. The vibrational bond's detection through advanced analytic chemistry is significant as it influences the rate of other chemical reactions.

Thursday, 29 January, 2015

Sergio Mattarella is elected as the President of Italy. Born...

Sergio Mattarella is elected as the President of Italy. Born into a prominent Sicilian family, Mattarella's father, Bernardo Mattarella, was a founding member of Christian Democracy. Sergio Mattarella's election marks his ascension to the highest office in Italy, where he will play a crucial role in the country's political affairs. His presidency follows a notable family legacy, and his leadership will shape Italy's future path under his guidance.

Friday, 30 January, 2015

Iran successfully launches the Fajr satellite into orbit using a...

Iran successfully launches the Fajr satellite into orbit using a Safir-B1 rocket. Iranian engineers establish contact with the experimental satellite shortly after the launch, marking Iran's first successful orbital launch in three years. Weighing approximately 50 kilograms, the Fajr satellite carries a cold gas propulsion system, representing an advancement in Iranian satellite technology. While the specific purpose of the satellite is not disclosed, its successful placement in orbit marks a significant achievement for Iran's space program.

Saturday, 31 January, 2015

Sasol Ltd., a South African energy company, announces the suspension...

Sasol Ltd., a South African energy company, announces the suspension of its $11 billion project on Louisiana's Gulf Coast due to the decline in oil prices. The project aimed to expand the chemical factory near Lake Charles, Louisiana, but the plunge in oil prices has led to this decision. Sasol had committed $8 billion to produce ethylene, a compound used in plastics production and other industries, signaling a setback for one of the largest foreign investments in the U.S.

Sunday, 1 February, 2015