Profitloss Centerstage Events

A EV battery charging within 3 minutes and having a lifespan of 20 years took center stage on Thursday, 15 September 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

Iceland Foods, the British supermarket chain, initiates an appeal to...

Iceland Foods, the British supermarket chain, initiates an appeal to the European Union Intellectual Property Office (EUIPO) against Iceland, the country, in an ongoing legal battle spanning two decades. The dispute revolves around the usage and trademark rights of the name "Iceland". By launching this appeal, Iceland Foods seeks resolution and clarification regarding the trademark issue. The legal process remains ongoing as both parties continue to contest the rights associated with the name "Iceland".

Monday, 12 September, 2022

The highly anticipated transition of popular cryptocurrency blockchain Ethereum to...

The highly anticipated transition of popular cryptocurrency blockchain Ethereum to proof-of-stake has been successfully completed. Referred to as "The Merge," this upgrade process has been years in the making. The Ethereum Foundation reports that this transition reduces the energy consumption of Ethereum by an impressive 99.95%. Previously reliant on proof-of-work, Ethereum now operates on a proof-of-stake mechanism, eliminating the need for mining and relying on staked ETH and validators to secure the network. The completion of the Total Terminal Difficulty (TTD) value triggered the Paris upgrade, marking a significant milestone in Ethereum's evolution.

Tuesday, 13 September, 2022

A game-changing electric vehicle (EV) battery developed by Harvard-backed startup...

A game-changing electric vehicle (EV) battery developed by Harvard-backed startup Adden Energy charges fully in just three minutes and boasts a lifespan of over 20 years, more than double that of current EV batteries. With $5.15 million in funding, the startup plans to commercialize this technology, having received an exclusive license from Harvard's Office of Technology Development. The battery's successful coin-cell prototype demonstrated 5,000-10,000 charging cycles, far surpassing existing batteries. The aim is to provide fast charging comparable to refueling a gasoline vehicle, making EVs more accessible and combating climate change.

Wednesday, 14 September, 2022

EVGA, an American computer hardware company, has severed its ties...

EVGA, an American computer hardware company, has severed its ties with Nvidia, a fellow hardware manufacturer, and made the decision to exit the graphics card market entirely. EVGA claims that Nvidia compelled them to sell their cards at a loss and withheld crucial information like sales figures. As a result, EVGA has terminated their partnership, signaling a significant shift in their business strategy and concluding their involvement in the graphics card market.

Thursday, 15 September, 2022

Amazon, along with Spain's CaixaBank, France's Worldline SA, Italy's Nexi...

Amazon, along with Spain's CaixaBank, France's Worldline SA, Italy's Nexi SpA, and the consortium of banks and third-party acquirers called EPI, secure a successful bid to develop prototypes for specific digital applications of the euro-area currency. Each company will concentrate on their respective areas of expertise. This collaboration highlights a shared commitment to advancing digital currency solutions within the eurozone, fostering innovation and shaping the future of digital transactions.

Friday, 16 September, 2022

Thousands of people march in Istanbul, Turkey, to demand legislation...

Thousands of people march in Istanbul, Turkey, to demand legislation against LGBT organizations and their activities.

Saturday, 17 September, 2022

Equatorial Guinea abolishes the death penalty after its president Teodoro...

Equatorial Guinea abolishes the death penalty after its president Teodoro Obiang Nguema Mbasogo signs a new penal code into law.

Sunday, 18 September, 2022