Profitloss Centerstage Events

A ban on TikTok in India through court order took center stage on Tuesday, 16 April 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

TikTok, a popular video-sharing app, is removed from Apple and...

TikTok, a popular video-sharing app, is removed from Apple and Google app stores in India after a court ruling expressing concerns about inappropriate content for children. While existing users are unaffected, the ban hinders further growth prospects for TikTok in one of the world's fastest-growing markets. TikTok's owner, Bytedance, expresses optimism about the outcome and has faith in the Indian judicial system.

Monday, 15 April, 2019

Blackstone Group explores the potential sale of the Cosmopolitan hotel...

Blackstone Group explores the potential sale of the Cosmopolitan hotel and casino, marking a significant opportunity as major Las Vegas Strip properties rarely enter the market. Deutsche Bank and PJT Partners have been engaged to explore strategic alternatives, including a sale. The Cosmopolitan, acquired by Blackstone in 2014, has seen substantial investments in its completion and renovation. The potential sale indicates the dynamic nature of the Las Vegas casino industry.

Tuesday, 16 April, 2019

Uber secures a $1 billion investment in its self-driving car...

Uber secures a $1 billion investment in its self-driving car unit from a group including SoftBank's tech fund, Toyota, and Denso. This boosts Uber's preparations for its upcoming IPO and values the autonomous driving division at $7.25 billion. The investment strengthens Uber's ability to fund its self-driving taxi efforts, with the self-driving car unit becoming a separate corporate entity. Uber acknowledges the uncertainty of integration and timing for self-driving cars.

Wednesday, 17 April, 2019

BP and its partners initiate a $6 billion development project...

BP and its partners initiate a $6 billion development project for the Azeri-Chirag-Deepwater Gunashli oil-field complex offshore Azerbaijan. The project, known as Azeri Central East, aims to achieve first production in 2023 and produce up to 300 million barrels over its lifetime. BP, along with Socar and other partners, including Chevron, Exxon Mobil, Inpex, and others, has made significant investments in the region since the initial agreement in 1994.

Thursday, 18 April, 2019

Egyptians vote on constitutional amendments that could extend President Abdel...

Egyptians vote on constitutional amendments that could extend President Abdel Fattah el-Sisi's term until 2030, increase the president's powers over the judiciary, and enhance the military's authority over state institutions. The three-day voting period commences on 20 April. These amendments could have significant implications for Egypt's political landscape and governance structure.

Friday, 19 April, 2019

Sri Lanka experiences coordinated ISIS-related terrorist suicide bombings targeting churches...

Sri Lanka experiences coordinated ISIS-related terrorist suicide bombings targeting churches and luxury hotels, resulting in numerous casualties. The attacks took place on Easter Sunday, with three churches and three hotels being targeted. Multiple explosions occurred in different locations, resulting in a significant loss of life and injuries. The government's efforts prevented a potential second wave of attacks. This event has a profound impact on the security and stability of Sri Lanka.

Saturday, 20 April, 2019

Comedian Volodymyr Zelensky wins Ukraine's presidential run-off election with over...

Comedian Volodymyr Zelensky wins Ukraine's presidential run-off election with over 70% of the votes, leading to the concession of defeat by incumbent President Petro Poroshenko. This election outcome marks a significant shift in Ukrainian politics and reflects the desire for change among the population.

Sunday, 21 April, 2019