Profitloss Centerstage Events

Data breach of personal information of 200 million U.S. citizens took center stage on Monday, 19 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 3

Brexit negotiations commence in Brussels, with David Davis representing the...

Brexit negotiations commence in Brussels, with David Davis representing the UK and Michel Barnier representing the European Commission. The initial discussions primarily focus on the timing and structure of the divorce talks, as trade-related issues are deferred. Amid political uncertainties, both leaders emphasize the need to move forward and address the complexities of the Brexit process.

Monday, 19 June, 2017

King Salman of Saudi Arabia issues a royal decree appointing...

King Salman of Saudi Arabia issues a royal decree appointing his son, Mohammad bin Salman Al Saud, as Crown Prince, replacing his nephew, Muhammad bin Nayef. The unexpected announcement consolidates the kingdom's move to reaffirm its regional influence. Mohammed bin Salman, aged 31, has been rising in prominence over the past few years, while Muhammad bin Nayef was previously regarded as secure in his role as crown prince.

Tuesday, 20 June, 2017

UK Prime Minister Theresa May assures EU leaders that citizens...

UK Prime Minister Theresa May assures EU leaders that citizens of the European Union residing in the UK will be eligible to obtain a "UK settled status" after Brexit. May emphasizes that EU citizens legally residing in the UK will enjoy the same rights as British citizens, ensuring healthcare, education, benefits, and pensions. The guarantee of EU citizens' rights is a key priority for the EU in the Brexit negotiations.

Wednesday, 21 June, 2017

Turkey decides to exclude the teaching of Darwin's theory of...

Turkey decides to exclude the teaching of Darwin's theory of evolution in high schools, considering it controversial and difficult to comprehend. This move has drawn criticism, with concerns that it undermines the secular foundation of the Turkish state. The chapter on evolution will be removed from standard biology textbooks, making it accessible only to university-level students aged 18 or 19, according to Alparslan Durmus, head of the national education board.

Thursday, 22 June, 2017

Papua New Guinea opens polling places for a two-week period...

Papua New Guinea opens polling places for a two-week period to elect all 111 members of the National Parliament. Despite the lack of opinion polling, the People's National Congress led by Prime Minister Peter O'Neill is expected to maintain its governing coalition. The election is crucial for the country's political landscape, determining the composition of the parliament and the leadership of Papua New Guinea.

Friday, 23 June, 2017

Italian authorities announce their willingness to spend up to €17...

Italian authorities announce their willingness to spend up to €17 billion ($19 billion) as part of the shutdown of regional banks Veneto Banca and Banca Popolare di Vicenza. The banks' best assets will be sold to Intesa Sanpaolo for a nominal sum of €1. The funds will cover the costs of bad loans, legal exposure, restructuring, and personnel issues. Italy's use of national insolvency laws avoids losses on senior bondholders.

Saturday, 24 June, 2017

Russian billionaire Mikhail Fridman's investment firm, L1 Retail, acquires health...

Russian billionaire Mikhail Fridman's investment firm, L1 Retail, acquires health food retailer Holland & Barrett from US buyout firm Carlyle for £1.77 billion ($2.25 billion). This marks L1 Retail's first investment from its $3 billion capital pool dedicated to retail sector acquisitions. The Luxembourg-based retail investment arm, co-founded by Fridman in 2016, is led by Managing Partner Stephan DuCharme and former Goldman Sachs banker Michael Casey. The deal represents a partial exit for Carlyle, which purchased Holland & Barrett's parent company in 2010.

Sunday, 25 June, 2017