Profitloss Centerstage Events

Death of "Man of the hole" in Amazon rainforest took center stage on Monday, 29 August 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

Amid growing tensions between the United States and the government...

Amid growing tensions between the United States and the government of Solomon Islands, the US Embassy in Canberra has announced that Solomon Islands will impose a moratorium on the entry of US Navy ships into its ports. This decision reflects the strained relations between the two nations. The move signifies a temporary halt on the access of US naval vessels to Solomon Islands' ports, highlighting the escalating diplomatic discord between the countries.

Monday, 29 August, 2022

European Union foreign ministers have reached a consensus to suspend...

European Union foreign ministers have reached a consensus to suspend a visa facilitation agreement with Russia, resulting in increased difficulty and higher costs for Russian tourists seeking entry into the EU. This decision reflects the intention to impose stricter measures and raise barriers for Russian visitors. The suspension of the visa facilitation agreement signifies a shift in the EU's stance towards Russia and underscores the changing dynamics in their bilateral relations.

Tuesday, 30 August, 2022

The President of Sri Lanka has announced that the International...

The President of Sri Lanka has announced that the International Monetary Fund (IMF) has granted approval for a $2.9 billion bailout, with the potential for the country to access up to $7 billion in overall funding. The IMF's board has confirmed the loan, facilitating the release of funds and initiating a four-year program aimed at stabilizing the nation's economy. This decision enables an immediate disbursement of approximately $333 million, which is expected to encourage financial assistance from other partners and aid Sri Lanka in overcoming its severe financial crisis.

Wednesday, 31 August, 2022

In response to the G7's recent declaration regarding the price...

In response to the G7's recent declaration regarding the price cap on Russian oil, Gazprom, the Russian energy giant, has made an announcement stating that the resumption of gas flows through the Nord Stream 1 pipeline to Europe will be delayed. This delay is attributed to an alleged "oil leak" detected in one of the turbines. Gazprom has not provided a new timeframe for when the gas flows are expected to resume.

Thursday, 1 September, 2022

Around 70,000 individuals take part in a sizable demonstration in...

Around 70,000 individuals take part in a sizable demonstration in Prague, the capital city of the Czech Republic. The protesters demand greater government intervention in tackling the surging energy prices within the country. Simultaneously, they express their opposition to the Czech Republic's involvement in the Russo-Ukrainian War.

Friday, 2 September, 2022

Cyrus Mistry, the former chairman of the Tata group, tragically...

Cyrus Mistry, the former chairman of the Tata group, tragically passes away in a road accident near Mumbai. The incident occurs on a bridge over the Surya river in Palghar, while Mistry is en route from Ahmedabad to Mumbai in a Mercedes car. Authorities suspect it to be an accident. At 54 years of age, Mistry's untimely demise comes as a shock, leaving a void in the business community.

Saturday, 3 September, 2022

Kenya's Supreme Court today upholds William Ruto's victory in the...

Kenya's Supreme Court today upholds William Ruto's victory in the presidential election, strongly criticizing opposition leader Raila Odinga's allegations. Odinga, in a tweet following the ruling, expresses his disagreement but assures respect for the court's decision, alleviating concerns of potential violence similar to past disputed elections.

Sunday, 4 September, 2022