Profitloss Centerstage Events

The death of Brazilian football legend Pele took center stage on Thursday, 29 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 4

Russian President Vladimir Putin has issued a decree imposing a...

Russian President Vladimir Putin has issued a decree imposing a ban on the export of Russian oil and petroleum products to countries and organizations that comply with the agreed-upon US$60-per-barrel price cap. The ban, effective from February 1 to July 1, targets those adhering to the cap established by Australia, the European Union, and G7 member states. This move adds further complexity to global energy dynamics and highlights Russia's response to the ongoing price regulations.

Monday, 26 December, 2022

Japanese companies have secured mid- to long-term natural gas supply...

Japanese companies have secured mid- to long-term natural gas supply deals with Omani and U.S. producers to ensure stability following the turmoil caused by Russia's invasion of Ukraine. Three Japanese firms, including Itochu Corp., Mitsui & Co., and Jera Co., have agreed to purchase a total of 2.35 million tons of LNG annually from Oman starting in 2025. Inpex Corp. also announced a deal to purchase one million tons of LNG annually for 20 years from a U.S.-based company. These agreements contribute to Japan's energy security amidst tight global supplies of LNG.

Tuesday, 27 December, 2022

Brazilian football legend Pelé, widely regarded as one of the...

Brazilian football legend Pelé, widely regarded as one of the greatest players of all time, has passed away at the age of 82. Pelé won three FIFA World Cups with Brazil and scored a record 1,279 goals in 1,363 games, including friendlies. He was known for his electrifying play and spectacular goals, earning him the nickname "The King." Pelé's legacy as an ambassador for football and his contributions to the sport will endure.

Wednesday, 28 December, 2022

Aung San Suu Kyi, the ousted leader of Myanmar, receives...

Aung San Suu Kyi, the ousted leader of Myanmar, receives her final verdict from a court, resulting in a sentence of seven years in prison. In total, she is sentenced to 33 years of imprisonment.

Thursday, 29 December, 2022

Ukraine confirms launching a strike in the occupied region of...

Ukraine confirms launching a strike in the occupied region of Donetsk, claiming it killed 400 Russian troops. Russia contests the figure, stating only 63 troops were killed. The attack, which hit a building in Makiivka, resulted in extensive damage. Moscow acknowledges the high number of casualties, marking the deadliest incident since the conflict began. Despite differing claims, the exact number of casualties remains unclear due to restricted access to the site.

Friday, 30 December, 2022

Canada implements a law prohibiting foreign individuals, excluding immigrants and...

Canada implements a law prohibiting foreign individuals, excluding immigrants and permanent residents, from purchasing residential properties for two years due to concerns over a real estate bubble. The government aims to address issues of underused housing, rampant speculation, and soaring prices caused by foreign investors. However, the move has faced criticism, with some arguing it perpetuates stereotypes about immigrants and overlooks the fact that most foreign buyers are purchasing homes for personal use rather than speculation.

Saturday, 31 December, 2022

India's Supreme Court upholds the legality of the government's demonetization...

India's Supreme Court upholds the legality of the government's demonetization of ₹500 and ₹1,000 banknotes in 2016. The decision, which invalidated 86% of the country's currency, was deemed legal and made after consulting the central bank. One judge dissented, arguing that the move should have been done through an act of Parliament. The government defended the demonetization as a measure against illegal cash hoarding, corruption, and money laundering.

Sunday, 1 January, 2023