Profitloss Centerstage Events

A significant decline by 75% of the flying insect population in Germany took center stage on Wednesday, 18 October 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

Chinese search giant Baidu announces its plans to release a...

Chinese search giant Baidu announces its plans to release a fully self-driving bus in China next year. Baidu aims to be a major player in autonomous vehicles with its open-source software called Apollo. The company is partnering with Chinese car maker BAIC Motor Corp. to mass-produce partially autonomous cars by 2019 and fully autonomous cars by 2021.

Monday, 16 October, 2017

Scientists report a significant decline of over 75% in flying...

Scientists report a significant decline of over 75% in flying insect populations in nature reserves and protected areas of western Germany over three decades. This decline raises concerns about the impact on food webs and ecosystem services. The decline is observed regardless of habitat type, and factors like weather, land use, and habitat characteristics do not fully explain the phenomenon.

Tuesday, 17 October, 2017

Chinese lifestyle-services platform Meituan-Dianping raises $4 billion in funding led...

Chinese lifestyle-services platform Meituan-Dianping raises $4 billion in funding led by Tencent Holdings, valuing the company at $30 billion. Existing and new investors, including Priceline Group, contribute to the funding round. Meituan-Dianping aims to expand its internet platform offering a wide range of services to consumers in China.

Wednesday, 18 October, 2017

Genstar Capital completes the acquisition of Tekni-Plex Inc. from American...

Genstar Capital completes the acquisition of Tekni-Plex Inc. from American Securities for a reported $1.45 billion. Tekni-Plex is a manufacturer of packaging materials, medical compounds, and tubing products for various industries. The deal strengthens Genstar Capital's position in the market and expands its portfolio in the medical, pharmaceutical, and industrial sectors.

Thursday, 19 October, 2017

Spanish Prime Minister Mariano Rajoy activates Article 155 of the...

Spanish Prime Minister Mariano Rajoy activates Article 155 of the Constitution, asserting direct control over Catalonia and limiting the power of the regional government and Parliament. This move comes amid the ongoing independence crisis in Catalonia and is aimed at restoring stability and the authority of the central government in Spain.

Friday, 20 October, 2017

Shinzō Abe is re-elected as the Prime Minister of Japan,...

Shinzō Abe is re-elected as the Prime Minister of Japan, as his Liberal Democratic Party-led coalition secures a majority in the House of Representatives. The victory ensures Abe's continuation in office and reinforces his political mandate to implement his policies and agenda for the country.

Saturday, 21 October, 2017

Bain Capital's credit arm joins forces with Liberbank and Oceanwood...

Bain Capital's credit arm joins forces with Liberbank and Oceanwood Capital Management to create a joint venture that will hold a real estate portfolio worth €602 million from Liberbank. Bain will own 80% of the joint venture, while Liberbank and Oceanwood will hold 9.99% and 10.01% stakes, respectively. The deal aims to address European banks' unwanted assets and is expected to be completed by the end of the year.

Sunday, 22 October, 2017