Profitloss Centerstage Events

Russia accusing the UK's Royal Navy of destroying 2 gas pipelines took center stage on Saturday, 29 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 4

Ford is set to discontinue the popular Ford Fiesta, with...

Ford is set to discontinue the popular Ford Fiesta, with production scheduled to end by mid-2023. Rising parts costs and shifting consumer preferences towards SUVs are cited as reasons for the decision. Ford executives are in talks with dealers, suppliers, and staff before making an official announcement. Despite the Fiesta's popularity, there are no plans for an electric version. Ford states that it is reviewing its car portfolio as it focuses on accelerating electrification efforts.

Monday, 24 October, 2022

Australia's inflation rate surged to 7.3% annually in the September...

Australia's inflation rate surged to 7.3% annually in the September quarter, driven by soaring energy prices, marking the highest rate since June 1990. This increase, from 1.8% in the July to September period, pressures households and businesses and indicates further interest rate hikes. With inflation expected to peak at 7.75% later this year, the Reserve Bank of Australia (RBA) aims to return inflation to its 2%-3% target range. The recent budget forecasts the RBA's cash rate to reach 3.35%, as global central banks simultaneously tighten monetary policy to combat inflation. The RBA's recent smaller rate rise suggests a strategy adjustment, with September's inflation figures likely influencing continued rate increases.

Tuesday, 25 October, 2022

Entrepreneur Elon Musk completes the acquisition of Twitter, Inc. in...

Entrepreneur Elon Musk completes the acquisition of Twitter, Inc. in a substantial $44 billion deal. Following the takeover, Musk immediately terminates the positions of Twitter's CEO Parag Agrawal, CFO Ned Segal, and Head of Legal Policy Vijaya Gadde.

Wednesday, 26 October, 2022

Sam Matekane is inaugurated as the new Prime Minister of...

Sam Matekane is inaugurated as the new Prime Minister of Lesotho on October 28, 2022. A prominent businessman and former richest person in the country, Matekane transitioned into politics after forming the Revolution for Prosperity (RFP) party in March 2022. Utilizing a well-funded campaign and a strong social media presence, Matekane's RFP won the Lesotho General Election, capitalizing on widespread dissatisfaction with the previous government's instability.

Thursday, 27 October, 2022

Russia accuses the UK's Royal Navy of destroying the Nord...

Russia accuses the UK's Royal Navy of destroying the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea on September 26, as well as launching attacks on Russian Navy facilities in Crimea. The Russian Defence Ministry alleges British involvement, while the UK government denies the accusations. In response, Russia imposes sanctions on eleven British Overseas Territories, citing "unfriendly actions." This development places the United Kingdom and all 14 British Overseas Territories on Russia's list of sanctioned territories.

Friday, 28 October, 2022

Luiz Inácio Lula da Silva narrowly secures victory in Brazil's...

Luiz Inácio Lula da Silva narrowly secures victory in Brazil's presidential election, winning 50.9% of the vote in the second-round run-off against incumbent Jair Bolsonaro. Lula, a member of the Workers' Party, is the current president of Brazil, serving his second term. Rising from a working-class background, Lula began as a metalworker and trade unionist. He played a key role in workers' strikes during the military dictatorship and co-founded the Workers' Party.

Saturday, 29 October, 2022

According to leaked documents reported by The Intercept, the United...

According to leaked documents reported by The Intercept, the United States Department of Homeland Security and the FBI have made significant attempts to exert influence on major tech platforms like Twitter, Facebook, Reddit, Discord, Microsoft, and Wikipedia. Their efforts aim to regulate online content and remove information or posts that are deemed disinformation by the U.S. government.

Sunday, 30 October, 2022