Profitloss Centerstage Events

Venezuela trading in national Petro cryptocurrency took center stage on Saturday, 4 January 2020 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 5

A consortium led by Tencent is currently acquiring a 10%...

A consortium led by Tencent is currently acquiring a 10% stake in Vivendi's Universal Music Group. This strategic investment values the esteemed music label, which is home to iconic artists such as Lady Gaga and The Beatles, at an impressive 30 billion euros ($34 billion), while also providing Tencent with a remarkable global presence in the music industry.

Monday, 30 December, 2019

Palau, under the leadership of President Thomas Remengesau Jr., becomes...

Palau, under the leadership of President Thomas Remengesau Jr., becomes the world's first country to implement a ban on sunscreens harmful to corals and marine life. The ban takes immediate effect, signifying Palau's commitment to protecting its fragile ecosystems and promoting sustainable practices in preserving the ocean's health

Tuesday, 31 December, 2019

Simonetta Sommaruga, a member of the Social Democratic Party (SP/PS),...

Simonetta Sommaruga, a member of the Social Democratic Party (SP/PS), is sworn in as the President of the Swiss Confederation for the second time. Currently heading the Federal Department of Environment, Transport, Energy, and Communications, she previously served as the head of the Federal Department of Justice and Police. She resides in the canton of Bern.

Wednesday, 1 January, 2020

Former Prime Minister of Guinea-Bissau Umaro Sissoco Embaló is declared...

Former Prime Minister of Guinea-Bissau Umaro Sissoco Embaló is declared the winner of the country's presidential elections. However, his direct rival Domingos Simões Pereira says he will challenge the results in court.

Thursday, 2 January, 2020

Venezuelan President Nicolas Maduro announces that Venezuela will sell its...

Venezuelan President Nicolas Maduro announces that Venezuela will sell its oil and a portion of its gold for the national petro cryptocurrency. Despite experts' skepticism, Maduro claims the successful integration of the cryptocurrency into daily life. The petro was launched in 2017, with its value tied to the price of a barrel of oil. Economic turmoil has led many Venezuelans to flee the country, with cryptocurrencies like Bitcoin and Dash gaining popularity. The petro is seen by some as an attempt to circumvent US sanctions.

Friday, 3 January, 2020

The runoff election for the Croatian Presidency takes place today,...

The runoff election for the Croatian Presidency takes place today, with incumbent Kolinda Grabar-Kitarović facing former Prime Minister Zoran Milanović. Milanović wins the election, and Grabar-Kitarović pledges a smooth transfer of power. Milanović, serving as President of Croatia since February 19, 2020, was previously the country's prime minister from 2011 to 2016 and the president of the Social Democratic Party from 2007 to 2016.

Saturday, 4 January, 2020

David Kabua is elected as the President of the Marshall...

David Kabua is elected as the President of the Marshall Islands by the national legislature, succeeding Hilda Heine. Kabua, who previously won re-election for Wotho Atoll in 2019, assumes the presidency on January 6, 2020, with a focus on addressing climate change, negotiating funding arrangements with the US, and resolving the issue of Runit Dome. Described as a moderate politician, Kabua is expected to maintain the country's relationship with Taiwan. In a letter to The Guardian, he highlights the grave threat of climate change to the Marshall Islands.

Sunday, 5 January, 2020