Profitloss Centerstage Events

Standardization of charging port for mobile phones, tablets and cameras across the EU took center stage on Tuesday, 7 June 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

The European Commission reaches an agreement to establish USB Type-C...

The European Commission reaches an agreement to establish USB Type-C as the standardized charging port for mobile phones, tablets, and cameras across the European Union by autumn 2024. By the conclusion of 2024, all devices sold in the EU must feature a USB Type-C port. Furthermore, starting from spring 2026, this obligation will extend to laptops as well. This new legislation, endorsed by plenary on Tuesday with 602 votes in favor, 13 against, and 8 abstentions, aligns with the broader EU initiative to minimize electronic waste and enable consumers to opt for more sustainable options.

Monday, 6 June, 2022

Despite discovering failures of governance in the British Virgin Islands...

Despite discovering failures of governance in the British Virgin Islands (BVI), the United Kingdom opts against direct rule over the overseas territory. Foreign Secretary Liz Truss announces that the UK government will grant the BVI's new administration a two-year period to implement reforms before considering the imposition of direct rule. This decision reflects a commitment to allowing the territory the opportunity to address governance issues internally and work towards meaningful improvements within the specified timeframe.

Tuesday, 7 June, 2022

Thailand takes a significant step by removing cannabis and hemp...

Thailand takes a significant step by removing cannabis and hemp plants from the list of illegal narcotics. Individuals are now permitted to cultivate an unlimited number of these plants in farms and gardens for medicinal purposes, as long as they inform the authorities. However, the official authorities discourage public consumption of these plants. This progressive move aligns with Thailand's recognition of the potential benefits of cannabis and hemp in the medical field, while emphasizing responsible use and regulation.

Wednesday, 8 June, 2022

NATO allies, Canada and Denmark, resolve their long-standing dispute over...

NATO allies, Canada and Denmark, resolve their long-standing dispute over Hans Island through diplomacy. A joint working group established in 2018 reaches an agreement to divide the 1.2-square-kilometer island into two equal parts, along a natural cleft. The deal, pending parliamentary approval, establishes the world's longest maritime border of 3,882km between the two countries, spanning from the Lincoln Sea to the Labrador Sea. This resolution marks a significant milestone in diplomatic relations and promotes stability in the high north region.

Thursday, 9 June, 2022

Across the US, tens of thousands gather in protests demanding...

Across the US, tens of thousands gather in protests demanding stricter gun laws after recent mass shootings. Chanting slogans like "I want freedom from getting shot," the demonstrators unite in their call for change. President Joe Biden expresses support, urging Congress to pass common sense gun safety legislation. However, opposition from Republicans poses a challenge to law amendments. The shootings in Texas and Buffalo reignite the push for gun control, prompting March For Our Lives to organize approximately 450 rallies nationwide.

Friday, 10 June, 2022

Amidst a significant cryptocurrency market pullback, the Celsius Network cryptocurrency...

Amidst a significant cryptocurrency market pullback, the Celsius Network cryptocurrency lending platform announces a temporary halt to all withdrawals, swaps, and transfers between accounts. This decision aims to navigate the volatile market conditions effectively. The platform takes proactive measures to ensure the safety and stability of users' assets during this period of market uncertainty. The temporary pause serves as a precautionary measure in response to the current fluctuations in the cryptocurrency space.

Saturday, 11 June, 2022

In Ecuador, indigenous communities block highways leading to the capital,...

In Ecuador, indigenous communities block highways leading to the capital, Quito, as a form of protest against President Guillermo Lasso's policies and to demand economic reforms. The indigenous peoples assert their discontent and push for changes to address their concerns. By obstructing the major routes, they seek to draw attention to their cause and put pressure on the government to consider their demands for more equitable economic measures.

Sunday, 12 June, 2022