Profitloss Centerstage Events

Facebook, reaching 2 billion users, took center stage on Wednesday, 28 June 2017among 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

The European Commission imposes a record €2.42 billion antitrust fine...

The European Commission imposes a record €2.42 billion antitrust fine on Google, alleging manipulation of search engine results. The fine is the result of a seven-year investigation and centers around Google's online shopping service. The commission finds that Google unfairly promotes its own shopping comparison service over competitors. Google has been given 90 days to end its anti-competitive practices or face additional fines.

Monday, 26 June, 2017

Facebook announces that its social media platform has reached 2...

Facebook announces that its social media platform has reached 2 billion regular users, constituting over a quarter of the world's population. In comparison, Twitter has approximately 328 million users as of April 2017. This milestone solidifies Facebook's position as the largest social media network globally, with a vast user base and significant influence on online communication and content sharing.

Tuesday, 27 June, 2017

The United States plans to sell $1.42 billion worth of...

The United States plans to sell $1.42 billion worth of arms to Taiwan, marking the first such sale under President Donald Trump's administration. The proposed sale includes missile systems, torpedoes, and technical support for Taiwan's defense capabilities. This move is likely to further strain US-China relations, as China considers Taiwan a part of its territory and opposes any foreign interference in the issue.

Wednesday, 28 June, 2017

Ahvaz, a city in southwest Iran, records a temperature of...

Ahvaz, a city in southwest Iran, records a temperature of 53.7°C (128.7°F) during the 2017 heatwave, setting a new national record and one of the highest temperatures ever documented on Earth. While falling short of the world record of 54.0°C (129.2°F), this extreme heat underscores the impact of global warming. Such soaring temperatures pose significant challenges to public health, infrastructure, and ecosystems in affected regions.

Thursday, 29 June, 2017

Philip Greaves assumes the role of acting Governor-General of Barbados...

Philip Greaves assumes the role of acting Governor-General of Barbados following the retirement of Sir Elliott Belgrave. Greaves, a retired Barbadian politician, previously served as the deputy prime minister of Barbados from 1987 to 1994. His appointment as acting governor-general continues until 8 January 2018, fulfilling ceremonial and constitutional duties on behalf of the country.

Friday, 30 June, 2017

The United Kingdom announces its withdrawal from the 1964 London...

The United Kingdom announces its withdrawal from the 1964 London Fisheries Convention, which allows several European countries to fish within 6 to 12 nautical miles of each other's coastlines. This decision is part of the UK government's efforts to regain control of fishing access to its waters. While the European Commission notes the withdrawal, it believes the convention is superseded by EU law. Ireland expresses concerns regarding the impact on the seafood sector during Brexit negotiations.

Saturday, 1 July, 2017

French energy company Total, China National Petroleum Corporation (CNPC), and...

French energy company Total, China National Petroleum Corporation (CNPC), and National Iranian Oil Company (NIOC) sign a $5 billion investment deal to develop phase 11 of Iran's South Pars gas field, the world's largest. Total will hold a 50.1% stake and act as the operator, while CNPC will have 30% and NIOC subsidiary Petropars will have 19.9%. The project aims to produce 2 billion cubic feet of gas per day, supplying the Iranian domestic market starting in 2021.

Sunday, 2 July, 2017