Profitloss Centerstage Events

India becoming a member of MTCR took centre stage on Monday, 27 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 4

Ikea recalls 29 million Malm chests of drawers in North...

Ikea recalls 29 million Malm chests of drawers in North America following the deaths of three children caused by tipping accidents. The Swedish furniture retailer stops selling the drawers in the US and Canada, initially advising customers to use wall mounts for stability. However, a subsequent fatality prompts the recall, underscoring the importance of ensuring product safety.

Monday, 27 June, 2016

Bolivia, Ethiopia, Kazakhstan, and Sweden are elected as non-permanent members...

Bolivia, Ethiopia, Kazakhstan, and Sweden are elected as non-permanent members of the United Nations Security Council. These countries will serve on the Council for a two-year term, contributing to international peace and security through their involvement in critical decision-making processes.

Tuesday, 28 June, 2016

Rodrigo Duterte, also known as Digong, assumes office as the...

Rodrigo Duterte, also known as Digong, assumes office as the 16th President of the Philippines. Duterte, a lawyer and politician, hails from Mindanao and leads the ruling political party, PDP–Laban. As the oldest person to assume the presidency at 71 years old, Duterte's leadership focuses on addressing crime and transforming Davao City into an investor-friendly and secure environment during his over two-decade tenure as mayor.

Wednesday, 29 June, 2016

The Hershey Company rejects a $23 billion takeover bid from...

The Hershey Company rejects a $23 billion takeover bid from Mondelez International, the maker of Oreo cookies and Cadbury chocolates. Hershey's decision indicates its intent to remain independent, refusing to enter into a potential merger. The rejection highlights the significance of preserving brand identity and market position in the highly competitive confectionery industry.

Thursday, 30 June, 2016

Paris, France, implements a pollution-reduction program banning the use of...

Paris, France, implements a pollution-reduction program banning the use of cars built before 1997 and motorcycles built before 2000 on weekdays between 8 a.m. and 8 p.m. This initiative aims to address pollution concerns and promote cleaner transportation options. While the policy receives support from some, concerns arise regarding its impact on businesses and classic car enthusiasts who view older vehicles as cultural symbols.

Friday, 1 July, 2016

National Bank of Abu Dhabi and First Gulf Bank, two...

National Bank of Abu Dhabi and First Gulf Bank, two prominent banks in Abu Dhabi, announce their merger plan. The boards of both banks recommend a share-swap transaction to create a banking giant with $175 billion in assets and a focus on emerging markets. This strategic merger positions the new entity as a major player in the Middle East banking sector, surpassing the market value of global banks like Standard Chartered and Deutsche Bank.

Saturday, 2 July, 2016

Check Point, a cybersecurity software maker, reports that the HummingBad...

Check Point, a cybersecurity software maker, reports that the HummingBad malware has infected over 10 million Android devices, primarily in China and India. HummingBad, developed by a team in Beijing, grants hackers administrative access to compromised devices. This malware, similar to ones affecting Apple devices, highlights the need for robust security measures and vigilance in protecting against cyber threats.

Sunday, 3 July, 2016