Profitloss Centerstage Events

Leaked Documents reported by The Intercept took center stage on Monday, 31 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 5

Israelis participate in the election for the members of the...

Israelis participate in the election for the members of the 25th Knesset. Initial exit polls indicate a narrow victory for the coalition led by former Prime Minister Benjamin Netanyahu, securing approximately 61 to 62 seats out of the total 120.

Monday, 31 October, 2022

Russia rejoins the Black Sea Grain Initiative following mediation by...

Russia rejoins the Black Sea Grain Initiative following mediation by Turkey. Ukraine provides written assurances that the grain corridor in the Black Sea will be used exclusively for civilian and humanitarian purposes. The initiative, established during the 2022 Russian invasion of Ukraine, aims to facilitate safe transportation of grain and foodstuffs from Ukrainian ports. A joint coordination and inspection center, with the UN's involvement, helps ensure compliance. The agreement is extended for an additional 120 days.

Tuesday, 1 November, 2022

Turkey experiences its highest annual inflation rate since 1997, with...

Turkey experiences its highest annual inflation rate since 1997, with the figure reaching 85.51% in October. Despite global efforts to address rising consumer prices through increased borrowing costs, Turkey's President Recep Tayyip Erdogan defends unorthodox policies and considers higher interest rates as the cause, not the solution, to the cost-of-living crisis. Last month, Turkey's central bank reduced its policy rate for the third time in a row, lowering it to 10.5% from 12%.

Wednesday, 2 November, 2022

Ishmael Kalsakau is elected unopposed as the new Prime Minister...

Ishmael Kalsakau is elected unopposed as the new Prime Minister of Vanuatu through a secret ballot, succeeding Bob Loughman. Kalsakau previously served as the Attorney General of Vanuatu and was appointed as the Legal Counsel of MCA Vanuatu in 2005. After contesting parliamentary elections and subsequently returning to his position as Attorney General, concerns were raised by Transparency International. In 2014, Kalsakau was re-appointed as Attorney General and later confirmed as Leader of the Opposition in February 2016.

Thursday, 3 November, 2022

Twitter Inc. has started releasing software updates that introduce a...

Twitter Inc. has started releasing software updates that introduce a $7.99 monthly fee for users to obtain a blue checkmark on their accounts. Elon Musk, who recently took ownership of the social media platform, aims to generate more revenue for the company. The update promises new features for Twitter Blue subscribers, including the blue checkmark previously granted through a verification process. Musk seeks to diversify Twitter's revenue streams as the platform faces challenges from advertiser pullbacks and content moderation concerns. The changes are being rolled out to Apple users in several countries.

Friday, 4 November, 2022

Peabody Energy Corp. and Coronado Global Resources Inc. have announced...

Peabody Energy Corp. and Coronado Global Resources Inc. have announced the termination of talks to create a new global coal giant valued at approximately $6 billion. The companies did not disclose the reason for the failure or the financial terms proposed. The potential merger was seen as a reflection of the coal industry's improved prospects following the surge in coal prices due to Russia's invasion of Ukraine. Peabody reported significant net income growth, citing favourable coal prices.

Saturday, 5 November, 2022

Algeria has officially applied to join the BRICS economic group,...

Algeria has officially applied to join the BRICS economic group, which includes Russia, Brazil, India, China, and South Africa. The North African country has completed all necessary measures for membership, according to a Foreign Ministry official. In July, Algerian President Abdelmadjid Tebboun expressed interest in joining the group, stating that it would move Algeria away from the influence of the two poles. The BRICS economies represent a significant portion of the global GDP, with over 40% of the world's population.

Sunday, 6 November, 2022