Profitloss Centerstage Events

The abolition of the death penalty in Equatorial Guinea took center stage on Monday, 19 September 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

Investors show a varied reaction as Porsche sets its sights...

Investors show a varied reaction as Porsche sets its sights on a valuation of up to $75 billion. On Monday, Volkswagen shares remain relatively stable, reflecting the mixed response to the automaker's plans to list Porsche AG. Volkswagen aims for a valuation range of 70 billion-75 billion euros ($70-75 billion), slightly below higher estimates but surpassing the valuations of competitors such as BMW and Mercedes-Benz. The differing assessments from investors highlight the uncertainty surrounding the potential success of Europe's third-largest initial public offering.

Monday, 19 September, 2022

Russian President Vladimir Putin, in a significant national address, declares...

Russian President Vladimir Putin, in a significant national address, declares a partial mobilization, excluding students and conscripts. However, NATO Secretary General Jens Stoltenberg strongly criticizes Russia's military mobilization, deeming it "dangerous and reckless." Stoltenberg also condemns Putin's utilization of "nuclear rhetoric," expressing concerns over escalating tensions.

Tuesday, 20 September, 2022

Following the announcement of the mobilization in Russia, a significant...

Following the announcement of the mobilization in Russia, a significant migration of fighting-age men is observed in Russia . International border crossings experience prolonged traffic jams as people attempt to leave the country. Additionally, the cost of international flight tickets dramatically surges due to the increased demand.

Wednesday, 21 September, 2022

Elon Musk announces that Starlink, SpaceX's satellite internet service, will...

Elon Musk announces that Starlink, SpaceX's satellite internet service, will now be operational within Iranian cities. This development follows the United States State and Treasury Departments' recent actions aimed at enhancing internet freedom and promoting access to information in Iran.

Thursday, 22 September, 2022

In Luanda, Angola, thousands of people gather in protest, accusing...

In Luanda, Angola, thousands of people gather in protest, accusing incumbent President João Lourenço of electoral fraud in the recent election. Demonstrators contest the outcome of the flawed election, which saw the ruling MPLA party maintain its decades-long hold on power. The Constitutional Court's dismissal of a complaint filed by the opposition party UNITA further fueled public outrage. UNITA, a former rebel group, garnered support from disenchanted youth who feel excluded from the country's oil wealth.

Friday, 23 September, 2022

Italians participate in parliamentary elections to choose their representatives. Early...

Italians participate in parliamentary elections to choose their representatives. Early exit polls indicate that the centre-right coalition, led by Giorgia Meloni, the leader of Brothers of Italy party, has secured a majority of seats in the Italian Parliament. Giorgia Meloni, born on January 15, 1977, presently serves as the prime minister of Italy, becoming the first woman to hold this position. Since 2006, she has been a member of the Chamber of Deputies and has led the Brothers of Italy party since 2014. Moreover, she currently holds the presidency of the European Conservatives and Reformists Party since 2020.

Saturday, 24 September, 2022

The pound plummets to a historic low against the dollar,...

The pound plummets to a historic low against the dollar, reacting to the UK's largest tax cuts in 50 years. Sterling briefly dips near $1.03 before recovering slightly to $1.08. Chancellor Kwasi Kwarteng pledges additional tax reductions atop the £45 billion package announced on Friday, fueling expectations of increased borrowing. With rising government borrowing costs, speculations arise regarding a potential emergency interest rate hike by the Bank of England to stabilize the pound and tackle high inflation. Anticipated interest rates could soar to 5.5% or higher by next spring, impacting mortgage payments and import costs.

Sunday, 25 September, 2022