Profitloss Centerstage Events

Ivory trade being made legal again in six African countries took center stage on Tuesday, 31 May 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 5

Six African countries, led by Zimbabwe, agree to resume trading...

Six African countries, led by Zimbabwe, agree to resume trading in ivory due to the unsustainable growth of the elephant population. With an estimated 300,000 elephants in the KAZA area, these member states emphasize the need to address the concerns of countries with large elephant populations. The signatories aim to establish a new and improved approach to elephant conservation, tourism, and the well-being of rural communities in key African range states. They argue that overpopulation contributes to human-wildlife conflicts and ecological challenges.

Monday, 30 May, 2022

Comair, the South African franchisee for British Airways, suspends all...

Comair, the South African franchisee for British Airways, suspends all flights due to a lack of funds. The company announces that it has run out of money. Kulula.com, a budget airline owned by Comair, also suspends all flights. Passengers are advised to make alternative travel arrangements until further notice. The airlines' operations are currently halted, affecting numerous travelers and causing inconvenience.

Tuesday, 31 May, 2022

The United Nations officially recognizes the new official name of...

The United Nations officially recognizes the new official name of Türkiye, as requested by Turkey. Turkish state broadcaster TRT explains that the name change aims to disassociate from the bird bearing the same name. The UN acknowledges and approves Türkiye as the country's new name, signaling a significant development in international recognition. This change reflects Turkey's desire to redefine its identity and enhance its global representation.

Wednesday, 1 June, 2022

New York state passes a two-year ban on cryptocurrency mining...

New York state passes a two-year ban on cryptocurrency mining that relies on fossil fuel power plants. This partial ban aims to address concerns about the environmental impact of cryptocurrency mining. By targeting mining operations that rely on fossil fuel-generated electricity, the state aims to encourage more sustainable practices within the cryptocurrency industry. The ban reflects growing efforts to mitigate the carbon footprint associated with cryptocurrency mining and promote the transition to renewable energy sources.

Thursday, 2 June, 2022

Japanese yachtsman Kenichi Horie, aged 83, arrives in Japan early...

Japanese yachtsman Kenichi Horie, aged 83, arrives in Japan early Saturday morning, completing a solo and non-stop journey across the Pacific Ocean. This remarkable feat makes him the oldest person ever to achieve such a milestone. Starting from a yacht harbor in San Francisco in March, Horie's two-month voyage culminates in his arrival at the Kii Strait off western Japan. This accomplishment adds to Horie's legacy as a renowned ocean adventurer.

Friday, 3 June, 2022

The Bundestag votes with an overwhelming majority of 400–41, along...

The Bundestag votes with an overwhelming majority of 400–41, along with 200 abstentions, in favor of raising the minimum wage in Germany to €12 ($12.90) per hour. This decision is expected to benefit around 6.2 million workers in the country. Inflation concerns in Germany have prompted this wage hike. Chancellor Olaf Scholz, who prioritized increasing the minimum wage during his election campaign, sees his proposal come to fruition as lawmakers approve the bill. The raise will provide an extra €400 per month for individuals with a monthly income of €1,700.

Saturday, 4 June, 2022

The Biden administration enforces a ban on the presidents of...

The Biden administration enforces a ban on the presidents of Cuba, Venezuela, and Nicaragua from attending the current year's Summit of the Americas in Los Angeles, USA. Mexican President Andrés Manuel López Obrador declares his personal boycott of the event as a response to the ban. Instead, he appoints Foreign Secretary Marcelo Ebrard to represent him at the summit. This move showcases Mexico's dissatisfaction with the exclusion of certain leaders from the prestigious gathering.

Sunday, 5 June, 2022