Profitloss Centerstage Events

Visa free travel for Ukrainians in the EU took center stage on Wednesday, 17 May 2017 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

Singapore's sovereign wealth fund, GIC Pte. Ltd., is reducing its...

Singapore's sovereign wealth fund, GIC Pte. Ltd., is reducing its stake in UBS Group AG from 5.1% to 2.7%, incurring a significant loss on its ill-fated investment. The fund initially invested around $11 billion in UBS in 2008 to help strengthen the bank's capital before the global financial crisis. Since then, UBS shares have declined more than 50%, and GIC's ownership has been diluted through subsequent capital raisings.

Monday, 15 May, 2017

Representatives of the European Parliament and European Council sign an...

Representatives of the European Parliament and European Council sign an official document granting Ukrainians visa-free travel to the European Union. The visa-free regime is scheduled to take effect on June 11, facilitating easier travel for Ukrainian citizens to EU member states. This development signifies closer ties between Ukraine and the EU and promotes people-to-people exchanges, economic cooperation, and cultural interactions.

Tuesday, 16 May, 2017

A 1982 painting by Jean-Michel Basquiat sells for $110.5 million...

A 1982 painting by Jean-Michel Basquiat sells for $110.5 million at Sotheby's New York, setting a new record for any U.S. artist at auction. The untitled work, bought by Tokyo e-commerce tycoon Yusaku Maezawa, surpasses the previous record held by Andy Warhol's "Silver Car Crash (Double Disaster)." The vibrant painting, featuring colorful slashes and a menacing black skull, represents Basquiat's distinctive graffiti-inspired style and highlights the growing value of his artwork.

Wednesday, 17 May, 2017

Incumbent President Hassan Rouhani is leading in the Iranian presidential...

Incumbent President Hassan Rouhani is leading in the Iranian presidential election, on track to defeat his rival Ebrahim Raisi. Rouhani, an Iranian Islamist politician, seeks re-election after serving as the seventh president of Iran from 2013 to 2021. As a moderate leader, he promotes economic and diplomatic reforms, engaging with the international community on nuclear negotiations. Rouhani's victory signals continued support for his policies and reform-oriented approach.

Thursday, 18 May, 2017

U.S. President Donald Trump arrives in Saudi Arabia, commencing the...

U.S. President Donald Trump arrives in Saudi Arabia, commencing the first of his planned foreign trips. Trump signs an arms deal worth over $100 billion with Saudi Arabia's King Salman, demonstrating the strengthening of bilateral ties between the two countries. This visit aims to enhance cooperation in areas such as security, counterterrorism, and economic partnerships, as well as to address regional challenges and promote stability in the Middle East.

Friday, 19 May, 2017

Saudi Arabia and the United Arab Emirates pledge a combined...

Saudi Arabia and the United Arab Emirates pledge a combined $100 million to the World Bank's Women Entrepreneurs Fund. The fund, announced during an event with Ivanka Trump, aims to support women entrepreneurs and small business owners by improving their access to finance, markets, and networks, particularly in the Middle East. The contribution helps advance women's economic empowerment, and the World Bank plans to create a $1 billion fund through the Women's Entrepreneurship Facility.

Saturday, 20 May, 2017

Japanese scientists have discovered that mouse sperm stored on the...

Japanese scientists have discovered that mouse sperm stored on the International Space Station for 9 months can produce healthy mice. This experiment, known as the Space Pup experiment, examined the effects of radiation on reproduction. Mouse sperm exposed to cosmic radiation for nearly six years resulted in the birth of 168 healthy mice when rehydrated on Earth. The study aimed to explore the possibility of breeding animals for food through artificial insemination in space.

Sunday, 21 May, 2017