Profitloss Centerstage Events

International rights advocates filing a lawsuit against tech giants for Congolese families took center stage on Monday,16 December 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

Samsung Electronics' board chairman, Lee Sang-hoon, is sentenced to 18...

Samsung Electronics' board chairman, Lee Sang-hoon, is sentenced to 18 months in jail for violating labor union laws in South Korea. The court found him guilty, along with other Samsung officials, of disrupting union activities and gathering personal information on union members. The case focused on efforts to dismantle the labor union at the company's customer-service unit. Samsung Electronics has faced legal challenges in recent years, including the imprisonment of its de facto leader, Lee Jae-yong.

Monday, 16 December, 2019

The German Cabinet proposes a ban on conversion therapy for...

The German Cabinet proposes a ban on conversion therapy for transgender and gay individuals, including those aged 16 to 18. Conversion therapy aims to change a person's sexual orientation, gender identity, or gender expression. The practice has been widely criticized as pseudoscientific and harmful. Various methods, such as surgery, medication, and psychological interventions, have been used in these therapies. The proposed ban reflects Germany's commitment to LGBTQ+ rights and protecting individuals from discrimination and harm.

Tuesday, 17 December, 2019

Abdelmadjid Tebboune assumes office as the President of Algeria, following...

Abdelmadjid Tebboune assumes office as the President of Algeria, following his victory in the 2019 Algerian presidential election. He receives the National Order of Merit from the acting President Abdelkader Bensalah. Tebboune's election comes after widespread protests against the previous president and signals a new phase for the country's leadership. His presidency faces the challenge of addressing public demands for political and economic reforms.

Wednesday, 18 December, 2019

The House of Commons in the United Kingdom votes in...

The House of Commons in the United Kingdom votes in favor of the government's Brexit withdrawal agreement, paving the way for the UK to leave the European Union on January 31, 2020. The bill will now proceed to the House of Lords for final approval. The agreement also sets a deadline for concluding trade talks with the EU, known as the "transition period," by December 31, 2020.

Thursday, 19 December, 2019

Tesco, a British retailer, suspends operations at a Chinese factory...

Tesco, a British retailer, suspends operations at a Chinese factory after a six-year-old girl in London finds a message allegedly written by Shanghai prisoners inside a pack of charity Christmas cards produced at the factory. The note claims that prisoners were forced to work against their will and urges anyone who finds the message to notify a human rights organization. Tesco expresses shock at the report and states that it has a strict policy against prison labor.

Friday, 20 December, 2019

Russia and Ukraine reach a five-year transit agreement for gas...

Russia and Ukraine reach a five-year transit agreement for gas deliveries to Europe, avoiding disruptions and securing steady supplies. The deal replaces the previous contract set to expire at the end of the year. The European Union played a role in brokering the agreement, ensuring the flow of gas from Russia to the EU via Ukraine. The deal comes amidst U.S. sanctions on the Nord Stream 2 gas pipeline project, highlighting Western efforts to support Ukraine and maintain energy stability.

Saturday, 21 December, 2019

Florin Cîțu, a centrist politician, is approved as the new...

Florin Cîțu, a centrist politician, is approved as the new Prime Minister of Romania by the Parliament. He replaces Nicolae Ciucă and forms a three-party coalition government. However, the composition of his cabinet faces criticism for having only one female minister and the appointment of Sorin Cîmpeanu, who previously proposed legislation protecting those accused of plagiarizing academic theses.

Sunday, 22 December, 2019