Profitloss Centerstage Events

Wide spread protests in Sri Lanka due to economic crisis took center stage on Monday, 9 May 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 2

Katalin Novák currently assumes the role of the first female...

Katalin Novák currently assumes the role of the first female President of Hungary. Starting her career at the Foreign Ministry in 2001, she specialized in European Union and European affairs. Over the years, she held various positions, including Minister of Family Affairs from October 2020 to December 2021. In March 2022, she won the presidential election with 137 out of 188 votes in the National Assembly. Novák's presidency marks a historic moment as the first woman to hold the office in Hungary's history.

Monday, 9 May, 2022

British Prime Minister Boris Johnson is currently signing security agreements...

British Prime Minister Boris Johnson is currently signing security agreements with Finland and Sweden, pledging British military assistance in the event of an attack on either Nordic country. During his visits to both nations, discussions about their potential membership in NATO were underway. The agreements also outline mutual assistance, with Finland and Sweden committing to aid the UK during a crisis. Given Russia's invasion of Ukraine, the leaders emphasize the significance of cooperation in these challenging times. These deals are not temporary measures but enduring assurances between the nations.

Tuesday, 10 May, 2022

The cryptocurrency market is currently experiencing a loss of US$200...

The cryptocurrency market is currently experiencing a loss of US$200 billion after the collapse in value of stablecoin TerraUSD. As a result, Bitcoin reaches its lowest value in 16 months, while Ether drops to its lowest value in 11 months. This significant decline in prices raises concerns and impacts the overall market sentiment. Investors and traders are closely monitoring the situation as they navigate the volatility in the cryptocurrency market.

Wednesday, 11 May, 2022

Elon Musk temporarily suspends his $44 billion takeover deal of...

Elon Musk temporarily suspends his $44 billion takeover deal of Twitter as he seeks to confirm the company's calculations that spam bots and fake accounts constitute less than 5% of the user base.

Thursday, 12 May, 2022

India currently imposes an immediate ban on wheat exports due...

India currently imposes an immediate ban on wheat exports due to lower-than-expected yields caused by a heat wave. Despite previously aiming for record shipments this year, the scorching temperatures have resulted in reduced output and record-high domestic prices. However, exceptions will be made for already issued letters of credit and countries that require supplies to fulfill their food security needs. Government officials clarify that the export ban is not permanent and may be subject to revision.

Friday, 13 May, 2022

In a referendum, Swiss voters currently approve three measures. Streaming...

In a referendum, Swiss voters currently approve three measures. Streaming services will be required to invest 4% of their revenue in domestic filmmaking. The government will have the authority to increase Switzerland's contribution to Frontex, the EU border agency. Additionally, the default system of organ donation will change from explicit consent to presumed consent. These approved measures reflect decisions to support the local film industry, enhance border security cooperation, and modify the organ donation system in Switzerland.

Saturday, 14 May, 2022

President Joe Biden announces the redeployment of American troops to...

President Joe Biden announces the redeployment of American troops to Somalia, reversing the previous order by former President Donald Trump. He signs an order authorizing the return of hundreds of Special Operations forces to the country. This decision is made in response to economic challenges and a heat wave impacting wheat production. The Pentagon is granted authority to target suspected leaders of Al Shabab. These actions reflect a revitalized American counterterrorism effort, aiming to address the threat posed by Al Shabab in Somalia.

Sunday, 15 May, 2022