Current Affairs Global - 26 August 2014

1. Global e-commerce giant Amazon announced acquisition of the videogame platform Twitch for USD 1 billion which will enable millions of people to watch games being played on the site.

San Francisco-based Twitch, founded 3 years ago, streams games being played for non-playing viewers to watch, and hosts gaming events. It also allows viewers to chat with the players and others, which makes it very popular among its users. It sells advertising to generate income and the service had over 55 million unique monthly viewers till July.

2. South Africa-s economy managed to grow by 0.6% during April-June quarter of the current year, which helps the economy to avoid recession. Its economy was hit by the recent platinum strike which affected platinum output significantly. South African economy was contracted by 0.6% in the previous quarter.