Profitloss Centerstage Events

Panda not being endangered anymore took center stage on Tuesday, 6 September 2016 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 1

The giant panda is no longer classified as endangered by...

The giant panda is no longer classified as endangered by the International Union for Conservation of Nature (IUCN) due to an increase in available habitat and population growth. The IUCN has downgraded the giant panda to a vulnerable status. However, the Eastern gorilla has been moved from endangered to critically endangered due to an estimated population of fewer than 5,000 individuals.

Monday, 5 September, 2016

Liberty Media, a US firm, confirms its acquisition of the...

Liberty Media, a US firm, confirms its acquisition of the Formula 1 racing business for $4.4 billion. Bernie Ecclestone will remain as chief executive, while Chase Carey of 21st Century Fox will become the new chairman. Liberty Media, owned by billionaire John Malone, plans to purchase a minority stake initially and aims for a full takeover pending regulatory approval.

Tuesday, 6 September, 2016

In Turkey, over 11,000 teachers are suspended for alleged links...

In Turkey, over 11,000 teachers are suspended for alleged links to the banned Kurdistan Workers' Party (PKK) just before the start of the school year. Prime Minister Binali Yildirim suggests that up to 14,000 teachers may be associated with terrorist activities. Turkey and several Western countries consider the PKK a terrorist organization. The suspensions follow a larger purge of school workers and private teachers after a failed coup in July.

Wednesday, 7 September, 2016

General Motors (GM) announces the recall of 4.3 million vehicles...

General Motors (GM) announces the recall of 4.3 million vehicles due to a software-related airbag defect. The recall aims to fix the software glitch that may prevent the front airbags from deploying during a crash. Affected vehicles include models from GM's various brands, such as Buick, Chevrolet, GMC, and Cadillac.

Thursday, 8 September, 2016

Iran starts the construction of its second nuclear power plant...

Iran starts the construction of its second nuclear power plant in Bushehr with assistance from Russia. This project is the first since the nuclear deal with world powers was reached in 2015. The power plant, set to go online in 10 years, will consist of two plants with a total cost exceeding $8.5 billion. Each plant will have a capacity of 1,057 megawatts.

Friday, 9 September, 2016

Sinovation Ventures, a Chinese venture-capital fund co-founded by Kai-Fu Lee,...

Sinovation Ventures, a Chinese venture-capital fund co-founded by Kai-Fu Lee, raises approximately $674 million in capital. The fund has closed two venture-capital funds, one in dollars worth $300 million and another in yuan equivalent to $374 million. Sinovation Ventures plans to invest in startup companies involved in artificial intelligence, enterprise software, and entertainment content creation as venture firms accumulate cash reserves in a cooling funding environment.

Saturday, 10 September, 2016

HP Inc. agrees to acquire Samsung Electronics' printer business for...

HP Inc. agrees to acquire Samsung Electronics' printer business for $1.05 billion, aiming to enhance its offerings in the high-volume printing and copying market. The deal, subject to regulatory approval, is expected to close within 12 months. Samsung also plans to purchase $100 million to $300 million worth of HP shares after the sale is completed.

Sunday, 11 September, 2016