Current Affairs Global - 20 November 2014

1. Singapore has been ranked as the No 1 place in the world in terms of ease in doing business, as per the latest report published by the Economist Intelligence Unit (EIU). The report ranked Singapore at No 1 position out of 82 countries for its efficient and open economy. With this Singapore secured the No 1 rank for seven consecutive years.

Singapore is followed by Switzerland, Australia, Hong Kong and Sweden in the first 5 positions respectively.

2. Global internet company Yahoo finalized a deal with Firefox maker Mozilla Corp to replace Google as the default search engine on the Firefox Web browser in the United States in order to boost search market share in the USA.

As per the deal, users of the Firefox browser in the USA will automatically be routed to search results on Yahoo's website whenever they type a query in the search box that appears at the top of the browser. Yahoo has been struggling to gain search market share for a long time and this deal will help Yahoo to regain some of its lost market share to other search engine companies Google and Microsoft.