Profitloss Centerstage Events

Supreme Court of USA declaring Trump tariffs as illegal took centerstage on Friday, 20 February, 2026 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

Italy to attend Board of Peace as an Observer...

Italy will attend Donald Trump’s proposed Board of Peace only as an observer, Prime Minister Giorgia Meloni announces. She cites constitutional limits that allow participation in international bodies only on equal terms, saying full membership conflicts with the Board’s structure. The decision comes amid domestic criticism and ahead of the group’s first meeting in Washington.

Monday, 16 February, 2026

Iran closes Strait of Hormuz...

Iran temporarily closes the Strait of Hormuz for live-fire drills as tensions rise with the United States. The IRGC conducts exercises across key shipping routes, marking the second drill in weeks. Donald Trump signals possible intervention while nuclear talks in Geneva attempt to ease confrontation.

Tuesday, 17 February, 2026

Gabon suspends major social media platforms...

Gabon suspends major social media platforms after its media regulator, the High Authority for Communication, cites misinformation and cyberbullying. Monitoring group NetBlocks reports restrictions on Facebook, Instagram, TikTok, YouTube and WhatsApp. Led by Brice Oligui Nguema, the government faces criticism as businesses warn the shutdown harms livelihoods and digital access.

Wednesday, 18 February, 2026

650 suspected cybercriminals arrested...

Police across 16 African countries arrest more than 650 suspected cybercriminals in Operation Red Card 2.0, led by INTERPOL. Authorities recover over $4.3 million and dismantle networks behind investment, mobile money, and loan scams linked to $45 million in losses. Thousands of devices and websites are seized, with arrests in Nigeria and Côte d’Ivoire as investigations continue.

Thursday, 19 February, 2026

Supreme Court of USA declares tariffs illegal...

The Supreme Court of the United States rules 6–3 that Donald Trump violates federal law by imposing sweeping emergency tariffs without clear congressional authorization. Chief Justice John Roberts writes that the president cannot unilaterally wield unlimited tariff powers. The decision marks a major setback for Trump’s economic agenda, though the court does not address the $130 billion already collected.

Friday, 20 February, 2026

Donald Trump signs a global 10% tariff on all countries...

Donald Trump signs a global 10% tariff on all countries, even after the Supreme Court of the United States rules his sweeping tariffs illegal under the International Emergency Economic Powers Act. The 6–3 decision marks a major setback, though sector-specific duties remain. The move escalates trade tensions as U.S. partners face fresh tariffs despite prior agreements.

Saturday, 21 February, 2026

Global governments cautiously assess fallout...

Global governments cautiously assess fallout after the Supreme Court of the United States invalidates parts of Donald Trump’s tariffs. As Washington pivots to new 10–15% duties, South Korea holds emergency talks, India reviews export relief, Canada notes partial validation, and European Union leaders praise U.S. legal checks.

Sunday, 22 February, 2026