Profitloss Centerstage Events

Various accessions, ratifications and vetos among countries and unions took center stage on Thursday, 8 December 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

President Vjosa Osmani of Kosovo announces that the country will...

President Vjosa Osmani of Kosovo announces that the country will submit an application for European Union (EU) membership by the end of the year. The declaration is made during an EU-Western Balkans summit in Tirana, emphasizing Kosovo's commitment to EU-mediated talks with Serbia to resolve outstanding differences. The application will bring Kosovo, which declared independence from Serbia in 2008, into the EU entry process alongside Albania, Bosnia, Montenegro, North Macedonia, and Serbia. Both leaders express dedication to the EU-sponsored dialogue as a means to reach a final agreement.

Monday, 5 December, 2022

President Pedro Castillo announces the dissolution of Congress and imposes...

President Pedro Castillo announces the dissolution of Congress and imposes a curfew, leading to his third impeachment vote. The impeachment is successful, resulting in Castillo's arrest. Dina Boluarte, the First Vice President, is sworn in as the President of Peru. Boluarte becomes the country's first female president amid political turmoil. Her presidency sparks concerns about a coalition with right-wing groups and the military. Protests against her government emerge, and human rights abuses lead to international scrutiny.

Tuesday, 6 December, 2022

Egypt ratifies its accession into the New Development Bank led...

Egypt ratifies its accession into the New Development Bank led by BRICS, becoming a member of the multilateral development bank. Croatia's accession to the Schengen Area is accepted by the European Union and will be effective from January 1. However, Austria announces its intention to veto the accession of Bulgaria and Romania to the Schengen Area, expressing concerns over potential illegal immigration

Wednesday, 7 December, 2022

The World Trade Organization (WTO) announces that its dispute-settlement panels...

The World Trade Organization (WTO) announces that its dispute-settlement panels have ruled that the United States violated international trade rules with its tariffs on imported steel and aluminum. The tariffs, imposed by former President Donald Trump in 2018 on national-security grounds, were found to be in violation of WTO agreements. The panels state that the tariffs were not justified under national-security exceptions as argued by the U.S.

Thursday, 8 December, 2022

In a historic match at the 2022 FIFA World Cup,...

In a historic match at the 2022 FIFA World Cup, Morocco secures a 1-0 victory over Portugal, making them the first African and Arab teams to reach the semi-finals in World Cup history.

Friday, 9 December, 2022

Juul Labs Inc. has reached a significant legal settlement, agreeing...

Juul Labs Inc. has reached a significant legal settlement, agreeing to pay $1.7 billion to resolve over 5,000 lawsuits, as reported by sources familiar with the matter. The lawsuits accused Juul of targeting minors with its addictive e-cigarette products. Juul maintains it did not intentionally market to young people and is actively working to rebuild trust. This settlement helps alleviate the company's legal liabilities, paving the way for potential sale or investment opportunities. The FDA previously ordered a sales halt for Juul in the US, citing safety concerns.

Saturday, 10 December, 2022

Amgen Inc. has agreed to acquire Horizon Therapeutics PLC for...

Amgen Inc. has agreed to acquire Horizon Therapeutics PLC for $27.8 billion, as part of its strategy to offset the loss of patent protection on its key drugs. This deal reflects a trend among major pharmaceutical companies, such as Pfizer and Merck, to seek new revenue sources through acquisitions. While most previous deals have been smaller in scale, Amgen's purchase of Horizon is its largest to date. The acquisition would add Horizon's rare-disease drug portfolio, which is projected to generate substantial sales in the coming years.

Sunday, 11 December, 2022