Profitloss Centerstage Events

A new law on child marriage in Philippines illegal took center stage on Saturday, 8 January 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

Starting from February 15th, China will require certain companies holding...

Starting from February 15th, China will require certain companies holding large amounts of user data to obtain regulatory approval before listing overseas. The Cyberspace Administration of China (CAC) will implement the network security review process, aimed at companies engaged in data processing activities that could impact national security. If the review determines that a company's data processing activities are not a threat to national security, it may proceed with an overseas IPO. China has been tightening regulations on the tech sector and emphasizing data protection.

Monday, 3 January, 2022

The Lithuanian government has decided not to extend the state...

The Lithuanian government has decided not to extend the state of emergency along its border with Belarus, which was implemented in August to control the influx of irregular migrants. Prime Minister Ingrida Simonyte stated that the state of emergency will also end at camps hosting migrants. Lithuania and Poland, both EU member states, had experienced a decrease in attempts to cross their borders recently. The state of emergency was initially declared for three months and extended until January 15.

Tuesday, 4 January, 2022

Novak Djokovic, the reigning Men's Singles champion of 2021, has...

Novak Djokovic, the reigning Men's Singles champion of 2021, has been detained by the Australian Border Force. This action was taken because Djokovic failed to present a legitimate medical exemption for not being vaccinated against COVID-19, as required by federal guidelines. Although the Victoria State Government and Tennis Australia had previously approved his exemption based on their own guidelines, it was not endorsed by the federal Technical Advisory Group on Immunisation.

Wednesday, 5 January, 2022

Scientists led by Dr. Nicole Schanche of the University of...

Scientists led by Dr. Nicole Schanche of the University of Bern's Center for Space and Habitability have discovered an exoplanet called TOI-2257 b orbiting a red dwarf star. The planet was initially identified using NASA's TESS space telescope and further confirmed by observations from the SAINT-EX telescope. With an orbital period of 35 days, TOI-2257 b is located in the star's habitable zone, where liquid water and potentially life-sustaining conditions could exist. However, the planet's irregular orbit and high atmospheric pressure make it less favorable for habitability. Further observations with the James Webb Space Telescope are planned to study its atmosphere.

Thursday, 6 January, 2022

Child marriage was officially made illegal in the Philippines as...

Child marriage was officially made illegal in the Philippines as a new law came into effect. The country has one of the highest rates of child marriages, with one in six girls getting married before the age of 18. The law, signed by President Rodrigo Duterte, imposes prison terms of up to 12 years for those involved in marrying or cohabiting with individuals under 18. However, certain provisions of the law have been temporarily suspended to allow for a transition period for communities where child marriage is prevalent.

Friday, 7 January, 2022

West African nations, represented by the Economic Community of West...

West African nations, represented by the Economic Community of West African States (ECOWAS), have decided to take strong action against Mali for delaying elections following a military coup in 2020. The bloc will close borders, sever diplomatic ties, and impose economic sanctions on Mali. ECOWAS finds the proposed timetable for elections in December 2025 instead of February 2022 unacceptable, stating that it will further entrench an illegitimate military transition government. The sanctions include border closures, financial transaction suspensions, asset freezes, and recalling ambassadors from Bamako.

Saturday, 8 January, 2022

During high-stakes talks in Geneva, Russia assured the United States...

During high-stakes talks in Geneva, Russia assured the United States that it has no plans to invade Ukraine. The seven-hour meeting resulted in both sides agreeing to continue efforts to reduce tensions, although no major breakthrough was achieved. Approximately 100,000 Russian troops near the Ukrainian border have raised concerns of a potential incursion and prompted warnings from the West. The US reiterated its stance on imposing sanctions in the event of a Russian attack, while Russia cautioned the US not to underestimate the risks involved in their confrontation.

Sunday, 9 January, 2022