Profitloss Centerstage Events

The delay in recovery of the ozone layer takes center stage on Tuesday, 1 March 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 4

Researchers from MIT have found that the smoke from the...

Researchers from MIT have found that the smoke from the 2019-2020 Australian bushfire season caused damage to the ozone layer, delaying its recovery by approximately 10 years. The study, published in the Proceedings of the National Academy of Sciences, establishes a chemical link between wildfire smoke and ozone depletion. The smoke triggered chemical reactions in the stratosphere, leading to a drop in nitrogen dioxide and subsequent ozone depletion. If wildfires become more frequent and intense due to climate change, the recovery of the ozone layer could be further delayed.

Monday, 28 February, 2022

The European Union expelles seven Russian banks, including VTB Bank,...

The European Union expelles seven Russian banks, including VTB Bank, Novikombank, Promsvyazbank, Rossiya Bank, Sovcombank, and VEB.RF, from the SWIFT financial messaging system. Russian stocks have experienced a significant loss of value on the London stock exchange, with a total wipeout amounting to $570 billion over two weeks. Companies such as Gazprom and Lukoil have seen a near-complete collapse in their stock value. Additionally, the World Bank has halted all programs in Russia and Belarus due to the invasion of Ukraine.

Tuesday, 1 March, 2022

The United States and other nations have made significant progress...

The United States and other nations have made significant progress in the efforts to revive the 2015 Iran nuclear deal, according to U.S. State Department principal deputy spokesperson Jalina Porter. However, sticking points have hindered the agreement, and time is running out. Negotiators in Vienna are in the final stages of the talks, and if Iran demonstrates seriousness, a mutual return to full implementation of the JCPOA could be achieved within days.

Wednesday, 2 March, 2022

Brazil's economy rebounded strongly in 2021, growing by 4.6%, the...

Brazil's economy rebounded strongly in 2021, growing by 4.6%, the largest increase since 2011, after a sharp contraction in 2020 caused by the COVID-19 pandemic. The Gross Domestic Product (GDP) rose by 0.5% in Q4 2021, reaching R$ 8.7 trillion for the year. Services and industry were the main drivers of growth, with agriculture experiencing a slight decline. The recovery was supported by increased transportation, communication, and face-to-face services, as well as a boost in construction and manufacturing industries. However, the agricultural sector was negatively impacted by droughts and frosts, affecting the output of crops and livestock.

Thursday, 3 March, 2022

North Korea conducted its ninth weapons test of the year,...

North Korea conducted its ninth weapons test of the year, firing a suspected ballistic missile into the sea days before South Korea's presidential election. The launch drew condemnation from the United States, South Korea, and Japan, with concerns that North Korea may conduct a major weapons test in the near future. Talks on denuclearization have stalled, and North Korea has shown indications of preparing for a satellite launch or testing of nuclear weapons or intercontinental ballistic missiles.

Friday, 4 March, 2022

Ukraine has implemented a temporary ban on the export of...

Ukraine has implemented a temporary ban on the export of several food items including rye, oat, buckwheat, millet, sugar, salt, and most meat and meat products suitable for human consumption. The decision comes as the country anticipates reduced harvests and potential food scarcity amidst the ongoing conflict with Russia. The move aims to ensure sufficient domestic food supply and mitigate the risk of shortages.

Saturday, 5 March, 2022

Philippines President Rodrigo Duterte signs a law raising the minimum...

Philippines President Rodrigo Duterte signs a law raising the minimum age of sexual consent from 12 to 16, aiming to protect minors from rape and abuse. Previously, the Philippines had one of the world's lowest consent ages, second only to Nigeria. The new law, which is gender-neutral, criminalizes sexual contact with anyone under 16, unless the age gap is three years or less and the relationship is consensual and non-exploitative. A 2015 study revealed seven out of ten rape victims in the Philippines were children.

Sunday, 6 March, 2022