Profitloss Centerstage Events

A report on coconut oil being unhealthy took center stage on Sunday, 18 June 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 2

Honeywell announces its acquisition of Nextnine Inc., a security software...

Honeywell announces its acquisition of Nextnine Inc., a security software maker. Nextnine has secured $35 million in funding from various investors. The financial details of the deal are undisclosed. Nextnine specializes in providing security solutions for industrial sites to safeguard against breaches and offers remote monitoring capabilities.

Monday, 12 June, 2017

The Egyptian parliament approves the transfer of two uninhabited Red...

The Egyptian parliament approves the transfer of two uninhabited Red Sea islands, Tiran Island and Sanafir Island, to Saudi Arabia. The agreement, signed by the government last year, faced public criticism and was previously struck down by a court in March. Despite the court ruling, the majority of lawmakers voted in favor of the agreement, solidifying the decision to hand over the islands.

Tuesday, 13 June, 2017

Serbian President Aleksandar Vučić nominates Ana Brnabić as the next...

Serbian President Aleksandar Vučić nominates Ana Brnabić as the next Prime Minister of Serbia. If confirmed by the National Assembly, Brnabić will become Serbia's first female and lesbian Prime Minister. This nomination represents a significant milestone in the country's political landscape, promoting inclusivity and diversity in leadership positions.

Wednesday, 14 June, 2017

Amazon acquires Whole Foods in a $13.7 billion deal, marking...

Amazon acquires Whole Foods in a $13.7 billion deal, marking its largest venture into traditional retailing. Amazon's purchase of the upscale supermarket is valued at $42 per share. The announcement causes significant disruptions in the industry, leading to a decline in share prices for rival grocers. Whole Foods, known for its focus on natural and organic products, sees a boost in its stock following the deal.

Thursday, 15 June, 2017

Baldwin Lonsdale, the President of Vanuatu, passes away suddenly from...

Baldwin Lonsdale, the President of Vanuatu, passes away suddenly from a heart attack at the age of 67. Esmon Saimon, the Parliament Speaker, assumes the role of acting president. Lonsdale, an Anglican priest, had been the leader of the Pacific archipelago since 2014. His tenure included overseeing the extensive reconstruction efforts after Cyclone Pam and taking a strong stance against corruption within the government.

Friday, 16 June, 2017

The American Heart Association states that coconut oil is as...

The American Heart Association states that coconut oil is as unhealthy as beef dripping and butter due to its high saturated fat content. The association highlights that saturated fat raises "bad" cholesterol levels. Despite claims of its health benefits, there is a lack of credible studies supporting the idea that coconut oil is superior to other saturated fats. This updated advice challenges the perception of coconut oil as a health food.

Saturday, 17 June, 2017

Personal information of approximately 200 million US citizens has been...

Personal information of approximately 200 million US citizens has been exposed on the internet due to unsecured files uploaded by Republican contractor Deep Root Analytics. The data, including birth dates, addresses, telephone numbers, religious affiliations, ethnicities, and political views, was accessible via publicly available providers like Amazon Web Services. The issue was discovered by an UpGuard analyst, raising concerns about privacy and data security.

Sunday, 18 June, 2017