Profitloss Centerstage Events

EU voting to end free travel visa for U.S. citizens took center stage on Friday, 3 March 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 4

Google's YouTube announces YouTube TV, a web-TV service offering over...

Google's YouTube announces YouTube TV, a web-TV service offering over 40 broadcast and cable channels for $35 per month. This entry into the "skinny bundle" market aims to cater to the growing number of cord-cutters and cord-nevers by providing a convenient and affordable alternative to traditional TV. With major broadcasters and well-known cable channels onboard, YouTube TV adds to the competition in the evolving landscape of online streaming services.

Monday, 27 February, 2017

Lesotho's Prime Minister Pakalitha Mosisili loses a confidence vote in...

Lesotho's Prime Minister Pakalitha Mosisili loses a confidence vote in Parliament, signaling a potential snap election. Defections from ruling-coalition lawmakers to the opposition have weakened Mosisili's support, leading to the motion of no confidence. The outcome of the vote will shape the political landscape in Lesotho, a country of strategic importance in terms of its economy and regional relationships. The potential election will test Mosisili's claim of grassroots support.

Tuesday, 28 February, 2017

Snapchat's parent company, Snap Inc., experiences a successful market debut...

Snapchat's parent company, Snap Inc., experiences a successful market debut as its shares surge 44% on the first day of trading. The initial public offering provides significant profits for the founders, investors, and underwriters, and injects momentum into the new-issue market. Investors are drawn to Snap's fast-growing social network, reflecting the market's appetite for innovative tech companies with potential for substantial growth.

Wednesday, 1 March, 2017

The European Parliament votes to end visa-free travel for United...

The European Parliament votes to end visa-free travel for United States citizens, demanding reciprocity after the U.S. government failed to grant visa-free travel to citizens of Bulgaria, Croatia, Cyprus, Poland, and Romania. Although the resolution is non-binding, it highlights the ongoing negotiations between the EU and the U.S. regarding visa policies and signifies the EU's commitment to fair treatment of its member states.

Thursday, 2 March, 2017

Scottish companies Standard Life PLC and Aberdeen Asset Management PLC...

Scottish companies Standard Life PLC and Aberdeen Asset Management PLC announce their merger, forming Standard Life Aberdeen. This consolidation creates one of the largest asset managers in the UK and underscores the challenges faced by firms specializing in active stock and bond trading. The move comes as traditional active fund managers contend with increased competition from low-cost passive fund providers, reflecting a broader shift in the investment industry.

Friday, 3 March, 2017

Israel amends its marijuana laws, implementing fines instead of criminal...

Israel amends its marijuana laws, implementing fines instead of criminal charges for first-time offenders caught smoking marijuana in public places. This change reflects a more lenient approach towards marijuana use and aims to reduce the burden on the criminal justice system. By opting for fines, Israel acknowledges the shifting perceptions and policies surrounding marijuana and seeks a more pragmatic approach to enforcement.

Saturday, 4 March, 2017

Argentina announces plans to allow the first budget airline, FlyBondi,...

Argentina announces plans to allow the first budget airline, FlyBondi, to operate in the country, aiming to increase domestic airline passengers from 10 million to 22 million annually by 2019. The approval of 135 new airline routes and an investment of $1.4 billion in airport infrastructure demonstrate President Macri's pro-business approach to revitalizing the economy. FlyBondi expects to begin service with four planes in September and aims to achieve $600 million in sales by 2021.

Sunday, 5 March, 2017