Profitloss Centerstage Events

Discovery of the farthest known Galaxy at 13.5 billion light years away took center stage on Friday, 8 April 2022 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 1

Poland has once again blocked a proposed compromise on implementing...

Poland has once again blocked a proposed compromise on implementing a minimum corporate tax across the European Union, dealing another blow to international tax reform efforts. Despite amendments, Poland remains concerned that the minimum tax could take effect without adequate rules to prevent large multinationals from shifting profits to low-tax countries. Last month, Poland joined three other countries in blocking a previous attempt at a compromise, but other nations withdrew their opposition after modifications were made.

Monday, 4 April, 2022

Israeli Prime Minister Naftali Bennett's governing coalition loses its parliamentary...

Israeli Prime Minister Naftali Bennett's governing coalition loses its parliamentary majority as coalition whip Idit Silman of the Yamina party defects to the opposition Likud party. This defection raises the likelihood of Israel heading into new elections, marking the potential for the country to hold its fifth election within four years. The political landscape remains volatile as parties jostle for power and influence in the Knesset.

Tuesday, 5 April, 2022

A groundbreaking study published in Science reveals the discovery of...

A groundbreaking study published in Science reveals the discovery of over 5,000 previously unknown species of RNA viruses residing in marine organisms. These newly identified viruses have prompted scientists to propose the creation of five new phyla to categorize them. This significant finding sheds light on the diversity and complexity of viral life in the ocean, expanding our understanding of the vast microbiological world beneath the waves.

Wednesday, 6 April, 2022

A recent discovery has unveiled HD1, the farthest known galaxy...

A recent discovery has unveiled HD1, the farthest known galaxy located a staggering 13.5 billion light-years away. However, what makes HD1 even more intriguing is its exceptionally bright ultraviolet light emission, indicating a potential high rate of star formation. Surpassing expectations, HD1 could be generating over 100 stars annually, challenging current understanding. Scientists are now exploring alternative explanations for this phenomenon, including the presence of Population III stars or the earliest supermassive black hole ever detected.

Thursday, 7 April, 2022

Pakistan's political landscape witnessed a significant shift as Prime Minister...

Pakistan's political landscape witnessed a significant shift as Prime Minister Imran Khan was removed from power through a successful no-confidence vote initiated by the opposition. This outcome followed a Supreme Court ruling that deemed Khan's prior blocking of the process and dissolution of parliament as unconstitutional. Garnering support from 174 politicians, the motion achieved the required 172 votes for passage. In response, Khan, alleging collusion with the United States, urged his supporters to partake in nationwide rallies.

Friday, 8 April, 2022

Anti-government protests in Sri Lanka's capital, Colombo, persist as thousands...

Anti-government protests in Sri Lanka's capital, Colombo, persist as thousands rally against the skyrocketing prices of essential goods and fuel. In response to the country's dire economic situation, Sri Lanka's central bank implemented a historic interest rate increase of 700 basis points on Friday. The ongoing demonstrations, fueled by severe shortages of food, fuel, and prolonged electricity blackouts, are demanding the resignation of President Gotabaya Rajapaksa.

Saturday, 9 April, 2022

More than 100 lawmakers from Imran Khan's Pakistan Tehreek-e-Insaf (PTI)...

More than 100 lawmakers from Imran Khan's Pakistan Tehreek-e-Insaf (PTI) party resigned from parliament in protest ahead of the vote to choose a new prime minister. The PTI withdrew the nomination of Shah Mahmood Qureshi, a former foreign minister, as its candidate. The mass resignation occurred when over 100 lawmakers walked out of the National Assembly, demonstrating their solidarity with the ousted prime minister and expressing their discontent with the ongoing political developments.

Sunday, 10 April, 2022