Profitloss Centerstage Events

The shift of investment towards renewable energy by Norway's sovereign wealth fund took center stage on Wednesday, 12 June 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

Botswana's High Court decriminalizes homosexuality, deeming laws against same-sex relationships...

Botswana's High Court decriminalizes homosexuality, deeming laws against same-sex relationships unconstitutional. The landmark ruling is a significant victory for LGBTQ+ rights activists, promoting inclusivity and recognizing the importance of human dignity. The decision contrasts with recent rulings in other countries and demonstrates the progress being made in advancing equal rights and combating discrimination based on sexual orientation.

Monday, 10 June, 2019

Norway's sovereign-wealth fund, one of the world's largest, embraces renewable...

Norway's sovereign-wealth fund, one of the world's largest, embraces renewable energy and plans to divest from fossil-fuel investments. The fund will shift over $13 billion from oil, gas, and coal companies to renewable-energy projects and firms, aligning its strategy with the goals of the Paris Agreement. The move reflects the growing recognition of the financial and environmental risks associated with fossil fuels and emphasizes the importance of sustainable investment practices.

Tuesday, 11 June, 2019

Twitter removes thousands of accounts linked to the Iranian government,...

Twitter removes thousands of accounts linked to the Iranian government, as well as accounts associated with the Catalan independence movement and Venezuela, for spreading propaganda and fake news. The action demonstrates the ongoing challenge social media platforms face in combating misinformation and manipulation by state actors. Efforts to maintain a healthy information ecosystem and protect users from malicious influence continue to be a priority for online platforms.

Wednesday, 12 June, 2019

European Union Mediterranean state leaders express full support for Cyprus...

European Union Mediterranean state leaders express full support for Cyprus in its dispute with Turkey over offshore natural gas deposits. French President Emmanuel Macron calls on Turkey to cease "illegal activities" in Cyprus's exclusive economic zone. The solidarity among EU member states highlights the importance of upholding international law and resolving disputes through diplomatic means. The situation underscores the complex geopolitical dynamics in the region and the EU's commitment to protect its member states.

Thursday, 13 June, 2019

Slovakia inaugurates Zuzana Čaputová as its first female elected President,...

Slovakia inaugurates Zuzana Čaputová as its first female elected President, marking a historic milestone for the country. Čaputová's inauguration reflects the progress being made in promoting gender equality and women's empowerment in politics. Her presidency holds the potential to bring new perspectives and address societal challenges while inspiring future generations. Slovakia's political landscape evolves as it embraces diversity and inclusion in leadership positions.

Friday, 14 June, 2019

India imposes tariffs on 28 US products, including almonds and...

India imposes tariffs on 28 US products, including almonds and apples, in response to the US government's refusal to exempt India from higher taxes on steel and aluminum imports. The move escalates the ongoing trade tensions between the two countries and reflects India's aim to protect its domestic industries. The tariffs signal the impact of global trade disputes and the need for diplomatic efforts to find mutually beneficial solutions.

Saturday, 15 June, 2019

Pfizer agrees to acquire Array BioPharma for $10.64 billion in...

Pfizer agrees to acquire Array BioPharma for $10.64 billion in cash, expanding its cancer drug portfolio with targeted therapies. The deal highlights the significance of the cancer drug market for pharmaceutical companies. Pfizer aims to tap into the growing market for genetic-based cancer treatments, with Array's drugs Braftovi and Mektovi showing promise in treating specific patients. This strategic move aligns with Pfizer's goal of strengthening its presence in the lucrative oncology sector.

Sunday, 16 June, 2019