Profitloss Centerstage Events

A temporary stop on Big Ben's iconic chimes took center stage on Sunday, 13 August 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 1

President Jacob Zuma survives his eighth no-confidence motion in parliament,...

President Jacob Zuma survives his eighth no-confidence motion in parliament, securing victory through a secret ballot vote. With 198 votes in his favor and 177 against, along with nine abstentions, Zuma remains in power. The announcement triggers a 1% decline in the rand's value, reflecting the market's reaction to the political outcome.

Monday, 7 August, 2017

Tableau Software acquires data analysis startup ClearGraph. The financial details...

Tableau Software acquires data analysis startup ClearGraph. The financial details of the deal remain undisclosed. ClearGraph's technology, which enables natural language data analysis, will be integrated into Tableau's products. This strategic move enhances Tableau's data visualization capabilities, allowing users to interact with data using everyday language. ClearGraph's team will join Tableau's Palo Alto office, supporting further product development.

Tuesday, 8 August, 2017

Pepper accepts a takeover offer of A$655 million from KKR...

Pepper accepts a takeover offer of A$655 million from KKR Credit Advisors. The cash offer of A$3.60 per share is recommended by Pepper and is accompanied by a potential dividend payment. Chairman Seumas Dawes, CEO Michael Culhane, and CFO Cameron Small, who collectively own 35.5% of the company, express their support for the deal. Pepper's lending and advisory services in various sectors position it favorably amidst rising demand for home loans.

Wednesday, 9 August, 2017

The Kenyan electoral commission declares President Uhuru Kenyatta as the...

The Kenyan electoral commission declares President Uhuru Kenyatta as the winner of the re-election. Kenyatta leads opposition candidate Raila Odinga by over 1.4 million votes. However, Odinga's National Super Alliance rejects the outcome, alleging fraud in the electoral process, leading to political tensions in the country.

Thursday, 10 August, 2017

Widespread monsoon flooding in Nepal results in at least 36...

Widespread monsoon flooding in Nepal results in at least 36 fatalities and numerous people reported missing. The floods are part of a larger South Asian crisis affecting Afghanistan, Bangladesh, India, Nepal, and Pakistan. Over 45 million people, including 16 million children, are affected by the devastating floods, causing significant disruption and posing humanitarian challenges.

Friday, 11 August, 2017

Big Ben's iconic chimes will temporarily cease for repairs starting...

Big Ben's iconic chimes will temporarily cease for repairs starting next week until 2021. The clock and its surrounding tower, known as the Elizabeth Tower or commonly as Big Ben, require essential restoration work. This marks a significant milestone in the project to safeguard the clock's long-term preservation. Big Ben will continue to sound for important occasions such as New Year's Eve and Remembrance Sunday.

Saturday, 12 August, 2017

The LIGO Scientific Collaboration and the Virgo collaboration detect the...

The LIGO Scientific Collaboration and the Virgo collaboration detect the first confirmed gravitational wave signal recorded by the Virgo detector. The collision, designated GW170814, involves two merging black holes. The event has been accepted for publication in the journal Physical Review Letters. This breakthrough contributes to our understanding of the universe and the detection of gravitational waves.

Sunday, 13 August, 2017