Profitloss Centerstage Events

Italy, joining the Belt and Road infrastructure project of China, took center stage on Saturday, 23 March 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 3

Nursultan Nazarbayev, the President of Kazakhstan for 29 years, announces...

Nursultan Nazarbayev, the President of Kazakhstan for 29 years, announces his resignation. Nazarbayev, widely popular and known as "Papa," oversaw market reforms while maintaining significant influence. With the official title of "The Leader of the Nation," he facilitated a political transition to a new generation of leaders. This marks a significant step in Kazakhstan's political landscape, as the country prepares for a change in leadership after nearly three decades.

Monday, 18 March, 2019

Kassym-Jomart Tokayev is sworn in as the second President of...

Kassym-Jomart Tokayev is sworn in as the second President of Kazakhstan following the resignation of Nursultan Nazarbayev. Astana, the capital, is renamed Nursultan in honor of the former President. This succession marks a new chapter in Kazakhstan's political history, as Tokayev assumes leadership and Nazarbayev's legacy continues to shape the country's future.

Tuesday, 19 March, 2019

The European Union confirms that UK Prime Minister Theresa May's...

The European Union confirms that UK Prime Minister Theresa May's requested extension date of 30 June is not feasible due to upcoming EU elections. EU leaders agree that if May's deal is approved next week, a shorter extension until 22 May is available for the necessary legislation to be passed. However, if the deal fails, the UK is given until 12 April to decide whether it will participate in EU elections.

Wednesday, 20 March, 2019

Global investment management company BlackRock announces its acquisition of eFront,...

Global investment management company BlackRock announces its acquisition of eFront, a leading provider of alternative investments management software, for $1.3 billion in cash. This strategic move allows BlackRock to expand its capabilities in the alternative investment space. The acquisition reflects the company's focus on enhancing its investment management offerings and meeting the evolving needs of its clients.

Thursday, 21 March, 2019

Italy signs a preliminary accord with China as it becomes...

Italy signs a preliminary accord with China as it becomes the first G7 nation to join the Belt and Road infrastructure project. The agreement, witnessed during Chinese President Xi Jinping's visit to Rome, includes multiple deals with Italian companies, ministries, and public bodies. The initial value of the deals is around 2.5 billion euros ($2.8 billion), with the potential for future collaboration reaching 20 billion euros. This move strengthens economic ties between Italy and China.

Friday, 22 March, 2019

Thousands of Moroccan teachers stage a protest in Rabat, demanding...

Thousands of Moroccan teachers stage a protest in Rabat, demanding permanent contracts, improved working conditions, and expressing grievances about the rising cost of living. Earlier, police dispersed a sit-in demonstration outside parliament by 15,000 teachers using water cannons. The protesters reject government proposals to resolve the dispute, highlighting their ongoing dissatisfaction and determination to push for their demands. The protest reflects the ongoing challenges in the education sector in Morocco.

Saturday, 23 March, 2019

U.S. President Donald Trump signs a proclamation recognizing the Golan...

U.S. President Donald Trump signs a proclamation recognizing the Golan Heights as sovereign Israeli territory. The territory's history is disputed, with claims based on historical agreements and border changes. While Israel asserts its rights, Syria argues that the final border drawn in 1923 excluded the Golan triangle. This move by the U.S. has significant implications for the Israeli-Palestinian conflict and regional stability.

Sunday, 24 March, 2019