Profitloss Centerstage Events

Thousands of protesters gathering in central London urging the UK to rejoin the EU took center stage on Saturday, 22 October 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 3

The United Kingdom announces visa-free entry for ordinary citizens of...

The United Kingdom announces visa-free entry for ordinary citizens of Colombia, Guyana, and Peru. Starting from November 9, Guyanese citizens will no longer require visas to travel to the UK. This move signifies the UK's confidence in the growing relationship between the two countries and is expected to have a transformative impact. While Guyanese citizens can stay visa-free for up to six months, longer stays, work, or study will require a visa. The President emphasizes the importance of responsible travel and cooperation to prevent system abuse

Monday, 17 October, 2022

Belarus announces its inability to repay its foreign currency debt...

Belarus announces its inability to repay its foreign currency debt due to the impact of international sanctions imposed by the European Union and the United States. The World Bank declares Belarus' loans as "nonperforming" due to significant overdue payments. Belarus, a close ally of Russia, has supported Russia in the Russo-Ukrainian War. While initially denying involvement, Belarus later admitted to allowing Russian missile launchers on its territory. Despite tensions at the border, Belarusian Armed Forces have not directly participated in the conflict.

Tuesday, 18 October, 2022

The Australian Capital Territory (ACT) becomes the first jurisdiction in...

The Australian Capital Territory (ACT) becomes the first jurisdiction in Australia to decriminalize the possession of small quantities of illicit drugs, such as cocaine, amphetamines, and heroin. Instead of facing criminal prosecution, individuals caught with these drugs for personal use will be cautioned, fined, or referred to drug diversion programs. The ACT government emphasizes a harm-minimization approach and aims to reduce stigma, provide access to treatment and rehabilitation, and prioritize the wellbeing of drug users. The new laws will come into effect in October 2023 after a 12-month transition period. Critics argue against the move, citing concerns about increased crime and road safety.

Wednesday, 19 October, 2022

Prime Minister Liz Truss announces her resignation, effective upon the...

Prime Minister Liz Truss announces her resignation, effective upon the appointment of a replacement. The Conservative Party government faces a credibility crisis in September and October 2022 due to a negative reception of the mini-budget delivered by Chancellor Kwasi Kwarteng. Following the dismissal of Kwarteng and increasing pressure to address market concerns, five Conservative MPs call for Truss's resignation by October 17. Home Secretary Suella Braverman resigns over a breach of the Ministerial Code, further criticizing the government. Confusion arises during a vote on a Labour Party motion regarding fracking, with speculation of resignations and allegations of mistreatment of Conservative MPs in the division lobby.

Thursday, 20 October, 2022

Thousands of protesters gather in central London for a national...

Thousands of protesters gather in central London for a national rejoin march, urging the UK to rejoin the European Union. Participants march from Park Lane to Parliament Square, carrying EU flags and displaying signs expressing discontent with Brexit. Protesters emphasize the negative impact they believe Brexit has had on the country and call for a sensible government and a general election. They criticize the idea of Boris Johnson returning as Prime Minister, considering it an insult to the nation and expressing a desire for a different political direction.

Friday, 21 October, 2022

The United Nations accuses Australia of violating its human rights...

The United Nations accuses Australia of violating its human rights obligations as the state governments of New South Wales and Queensland deny entry to UN inspectors in detention facilities. The UN has suspended its tour, citing a "clear breach" of obligations under the Optional Protocol to the Convention Against Torture. The New South Wales government restricts access to all facilities, while Queensland blocks entry to mental health wards. The UN Subcommittee on the Prevention of Torture cites access and information gathering difficulties as reasons for the halted visit.

Saturday, 22 October, 2022

Rishi Sunak emerges as the chosen leader of the Conservative...

Rishi Sunak emerges as the chosen leader of the Conservative Party and is set to assume the role of the next Prime Minister of the United Kingdom. This comes after Penny Mordaunt withdrew her bid for leadership. Sunak's selection signals his forthcoming appointment as the country's leader, representing the Conservative Party.

Sunday, 23 October, 2022