Profitloss Centerstage Events

The reopening of the Panama Canal took center stage on Sunday, 26 June 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 3

Despite a challenging economy, Russia's retail sector shows promise as...

Despite a challenging economy, Russia's retail sector shows promise as IKEA Centers Russia, the country's largest shopping center operator, invests over $2.1 billion in upgrading and expanding its portfolio of 14 MEGA malls. With an average of 200 stores per mall and approximately 275 million visitors annually, the company demonstrates confidence in the Russian retail market.

Monday, 20 June, 2016

India's ISRO (Indian Space Research Organisation) achieves a significant milestone...

India's ISRO (Indian Space Research Organisation) achieves a significant milestone by successfully launching 20 satellites in a single mission using the PSLV C34 rocket. This achievement underscores India's growing prowess in space technology and establishes a new record for the highest number of satellites launched in a single mission.

Tuesday, 21 June, 2016

Tragic lightning strikes claim the lives of at least 70...

Tragic lightning strikes claim the lives of at least 70 people, primarily farm laborers, in the Indian states of Bihar and Uttar Pradesh. This unfortunate event highlights the risks associated with severe weather conditions and the need for safety measures in vulnerable areas.

Wednesday, 22 June, 2016

The government of Kuwait files a lawsuit against the International...

The government of Kuwait files a lawsuit against the International Olympic Committee (IOC), seeking $1.3 billion in damages. The lawsuit stems from the IOC's suspension of Kuwait's Olympic committee in October 2015 due to government interference in sports. The legal action signifies Kuwait's determination to challenge the IOC's decision and defend its position in international sports.

Thursday, 23 June, 2016

The British pound and the FTSE 100 Index experience a...

The British pound and the FTSE 100 Index experience a decline in trading as early results of the UK's EU membership referendum indicate a stronger-than-expected outcome in favor of leaving the European Union (EU). The historic referendum ultimately results in a 52% to 48% vote in favor of leaving. Prime Minister David Cameron announces his resignation, acknowledging the need for new leadership to navigate the country through this significant change.

Friday, 24 June, 2016

The newly expanded Panama Canal opens after a $4.5 billion...

The newly expanded Panama Canal opens after a $4.5 billion expansion project. This project, known as the Third Set of Locks Project, doubles the capacity of the canal by adding new locks and widening and deepening existing channels. The expansion allows larger ships, referred to as New Panamax, to transit the canal, boosting global trade and maritime transportation efficiency. The expanded canal begins commercial operation, marking a major milestone in international shipping.

Saturday, 25 June, 2016

India officially becomes a member of the Missile Technology Control...

India officially becomes a member of the Missile Technology Control Regime (MTCR), an informal political understanding among 35 member states aimed at limiting the proliferation of missiles and missile technology. Although the MTCR does not impose legally binding obligations, India's membership signifies its commitment to controlling the spread of missile technology and strengthens its global standing in the field of nonproliferation.

Sunday, 26 June, 2016