Profitloss Centerstage Events

The trade fight between South Korea and Japan took center stage on Tuesday, 13 August 2019 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

South Korea removes Japan from its list of preferential trade...

South Korea removes Japan from its list of preferential trade partners in response to Japan's trade restrictions. The impact on bilateral trade remains uncertain, but South Korea plans to tighten export controls. Both countries have implemented measures affecting each other's trade status.

Monday, 12 August, 2019

Verizon sells Tumblr to Automattic, the owner of WordPress, for...

Verizon sells Tumblr to Automattic, the owner of WordPress, for an undisclosed amount, significantly less than its previous acquisition price. This decision aligns with Verizon's strategy of refocusing its online media division. Automattic sees Tumblr as a suitable addition to its portfolio of publishing sites.

Tuesday, 13 August, 2019

France bans electric pulse fishing, effective from August 14th, due...

France bans electric pulse fishing, effective from August 14th, due to environmental and marine stock concerns. This move is part of a phased process to phase out pulse fishing across European waters by June 2021. France and Belgium have restricted electrical fishing in their national waters.

Wednesday, 14 August, 2019

Greenland's Ministry of Foreign Affairs declares that the autonomous territory...

Greenland's Ministry of Foreign Affairs declares that the autonomous territory is not for sale, emphasizing its natural resources and tourism potential. The U.S. has expressed interest in purchasing Greenland, viewing it as strategically important due to defense agreements. However, no formal negotiations have taken place.

Thursday, 15 August, 2019

Sudan's main opposition coalition and the ruling military council sign...

Sudan's main opposition coalition and the ruling military council sign a final power-sharing deal, marking a significant step towards a civilian-led government. The agreement establishes a joint military and civilian sovereign council to rule for over three years until elections can be held. The deal includes the formation of a cabinet and an independent investigation into the crackdown on protesters.

Friday, 16 August, 2019

SoftBank plans to lend up to $20 billion to its...

SoftBank plans to lend up to $20 billion to its employees to invest in its second Vision Fund, which focuses on technology startups. This unusual setup exposes SoftBank to a volatile startup economy. The company aims to align its managers' interests with Vision Fund investors. SoftBank has already secured significant investments from various sources for the fund.

Saturday, 17 August, 2019

Australian steelmaker BlueScope Steel plans to invest around $700 million...

Australian steelmaker BlueScope Steel plans to invest around $700 million to expand its U.S. business, increasing steelmaking capacity by 40% at its North Star facility in Ohio. Despite current weak commodity markets, steel executives anticipate increased infrastructure spending to boost economies, driving demand for steel.

Sunday, 18 August, 2019