Profitloss Centerstage Events

The eruption of Mauna Loa took centerstage on Monday, 28 November 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

Germany has signed a 15-year deal with QatarEnergy, Qatar's state-owned...

Germany has signed a 15-year deal with QatarEnergy, Qatar's state-owned petroleum company, to supply liquefied natural gas (LNG) starting from 2026. The agreement aims to replace the Russian gas supplies that have been disrupted due to the conflict in Ukraine. The deal involves Qatar Energy and ConocoPhillips, with Qatar sending up to 2 million tons of LNG to Germany through a new terminal in Brunsbuettel. The reduction in Russian gas supplies has led to an energy crisis in Europe, causing inflation and price increases.

Monday, 28 November, 2022

UNESCO has recently added various cultural elements to its intangible...

UNESCO has recently added various cultural elements to its intangible cultural heritage list. These include French baguettes, Korean talchum dance, and Chinese tea making. This recognition highlights the significance of these practices, which are considered part of the world's cultural heritage. UNESCO's efforts aim to safeguard and promote these intangible aspects of culture, alongside tangible cultural properties, through conventions and international cooperation.

Tuesday, 29 November, 2022

Twitter is offering incentives to advertisers in an effort to...

Twitter is offering incentives to advertisers in an effort to boost its business following Elon Musk's takeover, which led to many companies reducing their spending on the platform. The incentives include matching advertisers' ad spending, according to an email viewed by The Wall Street Journal. Advertisers who book at least $500,000 in incremental spending will qualify for a "100% value add" match, up to a $1 million cap. The offer is valid for advertising running until the end of the year.

Wednesday, 30 November, 2022

The Indonesian parliament announces that it will pass a new...

The Indonesian parliament announces that it will pass a new Criminal Code to replace the current one, which dates back from its colonial era. Sex outside marriage will have a sentence of one year. The People's Representative Council of Indonesia replaces the country's colonial-era criminal code with a new code that criminalizes premarital and extramarital sex and cohabitation, among other changes

Thursday, 1 December, 2022

The Group of Seven (G7), Australia, and the European Union...

The Group of Seven (G7), Australia, and the European Union have reached an agreement to implement a $60 per barrel price cap on Russian seaborne crude oil. The price cap aims to reduce Russia's revenue from oil sales and prevent a surge in global oil prices after an EU embargo on Russian crude takes effect. The deal, considered unprecedented, demonstrates the coalition's determination to oppose Russia's war on Ukraine. Ukraine criticized the measure as inadequate, while Moscow warned of potential disruptions in oil supply.

Friday, 2 December, 2022

The White House has strongly criticized former President Donald Trump...

The White House has strongly criticized former President Donald Trump for his recent remarks calling for the "termination" of the US Constitution. Trump made these comments on his Truth Social account, reiterating false claims about winning the 2020 presidential election and accusing "Big Tech Companies" of colluding against him. White House spokesman Andrew Bates denounced Trump's remarks as detrimental to the nation's values and called for universal condemnation. Democrats also challenged Republicans to denounce the comments, questioning their commitment to being "Constitutional conservatives."

Saturday, 3 December, 2022

New Zealand is planning to introduce legislation that would require...

New Zealand is planning to introduce legislation that would require online platforms such as Google and Facebook to pay news publishers for the content shared on their platforms. The proposal, based on similar laws in Australia and Canada, aims to encourage voluntary agreements between digital platforms and local news outlets. However, if no agreement is reached, the law would establish a mandatory negotiating process. New Zealand Broadcasting Minister Willie Jackson highlighted the need for platforms to pay for news production and called for a fair arrangement.

Sunday, 4 December, 2022