Profitloss Centerstage Events

Centerstage events of week 2

Nuclear-armed countries had spent $118.8 billion on nuclear weapons in 2025

ICAN reports that the nine nuclear-armed countries spend $118.8 billion on nuclear weapons in 2025, a 19% rise from the previous year. The United States leads with $69.2 billion, spending more than all other nuclear powers combined, followed by China, the United Kingdom, Russia, and France. India, Pakistan, Israel, and North Korea also increase their nuclear budgets. The report highlights major contractor profits, lobbying influence, and long-term weapons contracts, while warning that the same money could fund the UN regular budget for decades.

Monday, 8 June, 2026

Stellantis recalls over 1.3 million globally...

Stellantis recalls 1.08 million vehicles in the United States and over 1.3 million globally due to a fire risk in certain 2021–2025 Jeep Wrangler and Gladiator models. NHTSA warns that a defective power steering pump wiring connection can overheat, melt, and ignite, even when the vehicle is parked and switched off. Jeep advises owners to park outdoors and away from structures until repairs are completed. Dealers inspect and replace affected components free of charge, with parts expected by July 2026.

Tuesday, 9 June, 2026

AAAS reports that China is the leader in R&D...

AAAS reports that the United States loses its top position across major research and development indicators, marking a major shift in global innovation leadership. China now leads in R&D spending, research personnel, scientific publications, and patent filings, supported by sustained investment, state-led industrial programs, and rapid growth in AI patents. The report highlights China’s strength in applied research and commercialization. However, it also notes that the United States still retains advantages in private venture capital, open university ecosystems, and foundational scientific breakthroughs.

Wednesday, 10 June, 2026

South Korea’s PIPC fines Coupang a record ₩624.68 billion...

South Korea’s PIPC fines Coupang a record ₩624.68 billion, or about $409 million, for a massive privacy breach and unlawful tracking practices. Regulators say a former employee uses an unrevoked security key to access customer data for months, exposing details of more than 33 million users. Coupang also faces penalties for unauthorized marketing tracking involving millions of users. The case creates diplomatic tension because Coupang is US-headquartered and NYSE-listed. Coupang expresses regret, announces compensation plans, faces executive fallout, and prepares to appeal the decision.

Thursday, 11 June, 2026

Centerstage events of week 2

Nuclear-armed countries had spent $118.8 billion on nuclear weapons in 2025

Stellantis recalls over 1.3 million globally...

AAAS reports that China is the leader in R&D...

South Korea’s PIPC fines Coupang a record ₩624.68 billion...

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