Current Affairs Global - 17 September 2014

1. Academy Award-nominated actor and environmental activist Leonardo DiCaprio has been chosen as the United Nations Messenger of Peace by UN chief Ban Ki-moon, with a special focus on climate change.

He will address the opening ceremony of the Climate Change Summit on September 23 in New York that has been convened by the Secretary General.

2. US consumer prices declined 0.2% in August which is the drop for the first time since April 2013. Consumer price increased by 0.1% in previous month of July. On Annual basis inflation stood at 1.7% in August compared to 25 in July.

3. The eurozone inflation rate was unchanged at 0.4% in August compared to previous month of July. This is much lower compared to 1.3% inflation witnessed in the same month last year.

The European Central Bank (ECB) reduced its benchmark interest rate to 0.05% and introduced new stimulus measures to boost demand and growth amid deflation fears.

4. China's central bank has announced that it would inject nearly 500 billion yuan (USD 81 billion) into the five biggest state-owned banks to boost growth in the world's second-largest economy. This move aims at increasing business confidence and investment to boost economic growth.

The five banks which will receive the stimulus are the Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China and Bank of Communications.