Profitloss Centerstage Events

Protesters forcefully entering into the Sri Lankan President's palace took center stage on Saturday, 9 July 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

BYD, short for Build Your Dreams, has overtaken Tesla as...

BYD, short for Build Your Dreams, has overtaken Tesla as the leading electric vehicle (EV) manufacturer globally in terms of sales during the first half of 2022. Headquartered in Shenzhen City, located in Guangdong Province in southern China, BYD has sold approximately 641,000 vehicles, experiencing a remarkable year-on-year growth of over 300 percent. In comparison, Tesla sold around 564,000 vehicles during the same period, as stated in their respective company filings.

Monday, 4 July, 2022

Sources familiar with the matter have revealed that China's central...

Sources familiar with the matter have revealed that China's central leadership has tentatively approved Jack Ma's Ant Group to resume its initial public offering (IPO) in Shanghai and Hong Kong. Ant Group, which is an affiliate of the prominent Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), intends to submit the preliminary prospectus for the IPO as early as next month. The sources, who prefer to remain anonymous due to the sensitive nature of the situation, provided this information.

Tuesday, 5 July, 2022

The Central Bank of Ireland has declared that inflation is...

The Central Bank of Ireland has declared that inflation is expected to surpass 10% for the first time since the early 1980s.

Wednesday, 6 July, 2022

Elon Musk's legal team has initiated proceedings with the U.S....

Elon Musk's legal team has initiated proceedings with the U.S. Securities and Exchange Commission (SEC) to formally cancel his agreement to acquire Twitter. They assert that the company has made "false and misleading" statements throughout the negotiation process. By filing this claim, they aim to terminate the deal. The ongoing legal action seeks to address the alleged discrepancies and hold Twitter accountable for their purportedly misleading conduct.

Thursday, 7 July, 2022

Protesters forcefully enter President Gotabaya Rajapaksa's residence in Colombo, prompting...

Protesters forcefully enter President Gotabaya Rajapaksa's residence in Colombo, prompting him to hastily leave the premises. Clashes erupt between the demonstrators and the police, resulting in injuries to at least 33 individuals. The ongoing severe economic crisis, considered the worst in Sri Lanka since 1948, intensifies demands for Rajapaksa's resignation. Meanwhile, the Prime Minister's office announces that Ranil Wickremesinghe has agreed to step down following calls from parliamentary leaders. In a distressing turn, Wickremesinghe's private residence is set ablaze.

Friday, 8 July, 2022

A massive leak of more than 124,000 confidential documents from...

A massive leak of more than 124,000 confidential documents from Uber unveils the company's extensive efforts to influence governments and secure favorable treatment. The leaked documents expose French President Emmanuel Macron's notable endeavors to assist Uber in disrupting the country's taxi industry. Reports indicate that Macron went to "extraordinary lengths," claiming to have brokered a clandestine agreement with socialist members of his cabinet. This revelation sheds light on the behind-the-scenes activities surrounding Uber's dealings and political involvement.

Saturday, 9 July, 2022

The 51st Pacific Islands Forum commences in Suva, Fiji, against...

The 51st Pacific Islands Forum commences in Suva, Fiji, against the backdrop of increasing geopolitical competition between China and the United States. Key topics under discussion at the meeting include addressing the urgent climate crisis, managing geopolitical tensions, resolving the leadership rift within the PIF, ensuring a robust Covid-19 recovery, safeguarding the ocean, and supporting Vanuatu's bid for the ICJAO. The Forum acknowledges the significance of these issues in the Pacific region amidst the ongoing competition between major powers.

Sunday, 10 July, 2022