Profitloss Centerstage Events

Mauritius hoisting its flag on Chagos Archipelago took center stage on Monday, 14 February 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 2

Vietnam will lift COVID-19 restrictions on international passenger flights from...

Vietnam will lift COVID-19 restrictions on international passenger flights from all markets starting February 15, according to state-run newspaper Tuoi Tre. The country, which initially implemented tight border controls to combat the pandemic, aims to restore flight frequencies to pre-pandemic levels. Vietnam has already informed its partners about this policy change, except for China, which has not yet agreed to resume commercial flights. The nation has gradually resumed international flights with eased quarantine requirements and has achieved a high vaccination rate.

Monday, 14 February, 2022

The European Court of Justice has rejected the legal challenges...

The European Court of Justice has rejected the legal challenges brought by Poland and Hungary against the regulation, affirming its compliance with the European Union treaties. This decision enables the European Commission to withhold funds from member states experiencing rule of law concerns that could impact the administration of EU funds.

Tuesday, 15 February, 2022

The UK Home Secretary, Priti Patel, has confirmed the immediate...

The UK Home Secretary, Priti Patel, has confirmed the immediate termination of Tier 1 investor visas, which offered fast-track residency to foreign investors. The move is part of the government's efforts to combat illicit finance and fraud. The visa scheme, introduced in 2008 to attract non-EU wealthy individuals to invest in the UK, has faced criticism for potential abuse. The decision comes earlier than expected and aligns with the government's new immigration plan. The Home Office emphasizes the need for genuine job creation and economic impact in order to obtain settlement in the UK.

Wednesday, 16 February, 2022

India and UAE have signed the Comprehensive Economic Partnership Agreement...

India and UAE have signed the Comprehensive Economic Partnership Agreement (CEPA), aiming to enhance merchandise trade to $100 billion in the next five years. The agreement covers various areas such as free trade, digital economy, government procurement, and more. It is expected to create around one million jobs in labor-intensive sectors, benefiting industries like gems and jewellery, textiles, agriculture, pharmaceuticals, and more. The CEPA includes significant provisions such as automatic registration for Indian medicines and a safeguard mechanism to prevent import surges.

Thursday, 17 February, 2022

During the European Union-African Union summit, six countries - Egypt,...

During the European Union-African Union summit, six countries - Egypt, Kenya, Nigeria, Senegal, South Africa, and Tunisia - were announced as recipients of the technology required to produce mRNA vaccines in Africa. The establishment of the global mRNA technology transfer hub aims to support vaccine production in low- and middle-income countries. The hub, initially addressing the COVID-19 emergency, has the potential to expand manufacturing capacity for other health products. The selected countries will receive training and support to commence vaccine production based on international standards.

Friday, 18 February, 2022

Credit Suisse's leaked data has exposed the identities of more...

Credit Suisse's leaked data has exposed the identities of more than 30,000 clients who held anonymous numbered Swiss bank accounts, collectively amounting to over $100 billion. The clients include heads of state, individuals involved in human rights abuses, drug trafficking, intelligence activities, and financial crimes like tax evasion and corruption. The leaked data, obtained by Süddeutsche Zeitung and analyzed by the OCCRP and other news organizations, unveils the secret information from Switzerland's second-largest bank, providing insights into a wide range of illicit activities.

Saturday, 19 February, 2022

rael aims to increase its annual trade volume with Morocco...

rael aims to increase its annual trade volume with Morocco to $500 million, a significant rise from the current $131 million, as the two countries seek to enhance cooperation after normalizing relations in 2020. Israel's economy minister, Orna Barbivai, announced this goal following discussions in Rabat with Moroccan industry and trade minister Ryad Mezzour. The trade and investment cooperation deal signed by the ministers focuses on facilitating trade and investments in industries such as aerospace, automobiles, agri-food, textiles, and pharmaceuticals.

Sunday, 20 February, 2022