Profitloss Centerstage Events

Solar Impulse Two took centerstage on Tuesday, 26th July 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 4

Solar Impulse 2, a solar-powered aircraft, successfully completes its historic...

Solar Impulse 2, a solar-powered aircraft, successfully completes its historic journey of circumnavigating the globe without using any fuel. Pilot Bertrand Piccard completes the 42,000-kilometer voyage as the aircraft returns to Abu Dhabi. This achievement demonstrates the potential of renewable energy and serves as a significant milestone in the development of sustainable aviation technologies.

Monday, 25 July, 2016

China claims to have discovered the largest undersea hole, named...

China claims to have discovered the largest undersea hole, named "The Dragon's Hole," in the disputed Paracel Islands. This announcement adds to the ongoing territorial disputes in the South China Sea, where several countries, including China, have conflicting claims over the region. The exploration of such geological features adds further complexity to the already contentious situation in the area.

Tuesday, 26 July, 2016

Heavy rains cause severe flooding in Assam, affecting around 1.8...

Heavy rains cause severe flooding in Assam, affecting around 1.8 million people and submerging the Kaziranga National Park. The park, home to a significant population of one-horned rhinos, is 80% submerged, forcing wild animals to seek refuge on roads. The floods pose a threat to wildlife and highlight the challenges faced by Assam in managing the impact of monsoon rains on its vulnerable ecosystems.

Wednesday, 27 July, 2016

The Bank of Japan (BOJ) announces additional monetary stimulus measures...

The Bank of Japan (BOJ) announces additional monetary stimulus measures to support Prime Minister Shinzo Abe's efforts to revitalize the Japanese economy. The central bank increases its annual purchase of exchange-traded funds (ETFs) to ¥6 trillion and maintains its asset-purchase target at ¥80 trillion. These measures aim to stimulate inflation, boost growth, and counter the stronger yen. The decision reflects the BOJ's commitment to achieving its 2% inflation target.

Thursday, 28 July, 2016

American skydiver Luke Aikins establishes a new world record by...

American skydiver Luke Aikins establishes a new world record by jumping from a height of 25,000 feet (7,620 meters) without a parachute or wing suit. Aikins successfully lands in a net during this daring feat, showcasing the capabilities and skills of extreme sports enthusiasts. This extraordinary achievement pushes the boundaries of human capabilities and highlights the thrill-seeking nature of adventure sports.

Friday, 29 July, 2016

NextEra Energy Inc. secures the winning bid of $18.4 billion...

NextEra Energy Inc. secures the winning bid of $18.4 billion for Energy Future Holdings Corp.'s controlling stake in Oncor, Texas's largest power provider. The deal allows NextEra to expand its presence as a regulated utility and bolster its position as a major player in the US energy industry. The acquisition of Oncor provides NextEra with a stable and profitable electric utility business, aligning with its strategic focus on renewable energy and regulated operations.

Saturday, 30 July, 2016

Uber sells its China operations to Didi Chuxing, its bigger...

Uber sells its China operations to Didi Chuxing, its bigger local rival, in a deal that gives Uber a 20% stake in Didi and values the merged entity at around $35 billion. This move allows Uber to focus on other markets while partnering with Didi to navigate the challenging Chinese ride-hailing industry. Uber CEO Travis Kalanick joins Didi's board, while Didi's chief Cheng Wei joins Uber's board.

Sunday, 31 July, 2016