Current Affairs Global - 17 February 2014

1. The Italian president, Giorgio Napolitano, asked the mayor of Florence, Matteo Renzi, to form a new government on 17th February, third time in last two years. If he gets the support to form government, he will be the youngest ever prime minister of Italy at the age of 39. His first priority would be to tackle increasing unemployment rate and dismal economic growth to give proper direction for the third largest economy in euro zone.

2. 67th BAFTA Awards were given in a star studded ceremony held at the Royal Opera House in London Yesterday. -12 Years A Slave- won the best movie award while -Gravity- won Best British film award. Chiwetel Ejiofor won the best actor award for 12 Years a Slave while Cate Blanchett won the best actress award. Gravity won highest number of awards including awards for best cinematography, best sound, best original music and best special visual effects. 

3. Global internet giant Google has acquired SlickLogin, an Israeli start-up company which offers an alternative process for login confirmation by using sound based passwords. Post this acquisition, Google might use this type of authentication method to replace its 2-step verification method in Gmail which is being currently used.

4. The Japanese economy grew at an annual rate of 1% in the October-December period compared to 1.1% growth witnessed in the previous quarter. Consumer spending, which accounts for about 60% of gross domestic product (GDP) increased by 0.5% in the same quarter. The GDP growth rate is much lower compared to earlier expectations of economists and it raises doubt about sustainability of Japan's economic recovery.