Profitloss Centerstage Events

The commencement of the 2016 Olympic Games took center stage on Friday, 5 August 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

Tesla Motors announces its acquisition of solar panel installer SolarCity...

Tesla Motors announces its acquisition of solar panel installer SolarCity for $2.6 billion in shares. This deal aligns with Tesla CEO Elon Musk's vision to create a comprehensive clean energy platform. The combined entity will offer consumers a range of sustainable products, including solar panels, home battery storage systems, and electric cars, under a single brand. Elon Musk, also the chairman of SolarCity, aims to provide a holistic solution for low-carbon living.

Monday, 1 August, 2016

North Korea launches two ballistic missiles. One malfunctions and explodes...

North Korea launches two ballistic missiles. One malfunctions and explodes shortly after takeoff, while the main part of the other lands in Japan's economic exclusion zone.

Tuesday, 2 August, 2016

Pushpa Kamal Dahal takes the oath of office and secrecy...

Pushpa Kamal Dahal takes the oath of office and secrecy as Prime Minister of Nepal. Dahal, also known as Prachanda, previously served as the prime minister from 2008 to 2009 and has assumed office again in 2016. His leadership brings expectations of political stability and progress in Nepal, as the country continues its journey towards democracy and development.

Wednesday, 3 August, 2016

The 2016 Olympic Games commence in Rio de Janeiro with...

The 2016 Olympic Games commence in Rio de Janeiro with the opening ceremony at the Maracana Stadium. Athletes from 206 nations, including a Refugee Olympic Team, gather to compete in 28 sports, attracting a global audience of billions. Despite concerns about doping, the Zika virus, and infrastructure issues, the focus now shifts to the sporting events as the world comes together to celebrate athletic excellence and international unity.

Thursday, 4 August, 2016

Apple acquires machine-learning specialist Turi Inc. to further strengthen its...

Apple acquires machine-learning specialist Turi Inc. to further strengthen its presence in the field of artificial intelligence and machine learning. The financial details of the acquisition are not disclosed, but it is estimated to be around $200 million. Apple's move reflects its commitment to advancing its technology capabilities and integrating machine learning into its products and services.

Friday, 5 August, 2016

South Africa's retail giant, Steinhoff International Holdings, enters the US...

South Africa's retail giant, Steinhoff International Holdings, enters the US market by acquiring Mattress Firm Holding Corp, the owner of Sleepy's, for $2.4 billion. This expansion marks Steinhoff's entry into the North American market, building on its successful presence in Europe and Australasia. The acquisition reinforces Steinhoff's position as a significant player in the global retail industry and highlights its ambitious growth strategy.

Saturday, 6 August, 2016

The Mexican government sells $2.76 billion in long-term bonds, using...

The Mexican government sells $2.76 billion in long-term bonds, using the proceeds to prepay bonds due in January 2017. The bond placement includes the reopening of a 10-year bond and the issuance of a new 30-year maturity bond. This move helps the government cover 70% of its foreign debt obligations for the following year, demonstrating its proactive approach to managing debt and maintaining financial stability.

Sunday, 7 August, 2016