Current Affairs Global - 23 September 2014

1. Chinese e-commerce giant Alibaba founder Jack Ma has been termed as the richest in the Hurun China Rich List for 2014 released today with a fortune of USD 25 billion post historical IPO launch by the company. He replaced Wang Jianlin of Wandain (fortune of USD 24.2 billion) to the second place.

There are 354 dollar billionaires in China as per the Hurun China Rich list 2014 compared to just 3 10 years ago

2. Eurozone business growth slowed in September for a second consecutive month as the latestMarkit compiled Purchasing Managers' Index(PMI), an important parameter to judge the performance of the sector dropped to 52.3 in September compared to 52.5 in August. A reading higher than 50 indicates growth.

Euro zone-s biggest economy Germany witnessed robust growth while France witnessed contraction. Also this overall PMI reading confirms slower growth across the region.