Current Affairs Global - 30 August 2014

1. Recep Tayyip Erdogan has been sworn in as the President of Turkey after winning the country's first public vote after serving three terms as Prime Minister. This move will only increase his dominance on the country. At the same time, former Foreign Minister Ahmet Davutoglu will be the Prime Minister of the country.

2. US actor and singer Harry Belafonte has been named for the honorary Jean Hersholt Humanitarian Oscar Award yesterday. This is one of the three Governor's Award given by the Academy of Motion Pictures Arts and Sciences for lifetime achievement. He will recieve the award in November this year.

Belafonte, also known as the King of Calypso, has spent much of his life campaigning for various causes including Aids awareness, famine relief, education and civil rights. He was a supporter of the Civil Rights Movement and marched alongside Martin Luther King Jr. He was also named as a UNICEF Goodwill Ambassador in 1987.

3. The eurozone inflation dropped to five year low of 0.3% in August, increases fear of possible deflation across the region. Inflation in euro zone stood at 0.4% in July.

This will prompt the European Central Bank (ECB) to take immediate action to boost economic growth across the region.

4. Brazilian economy fallen into recession as its economy was conracted by 0.6% during second quarter of current year following a 0.2% contraction in the previous quarter. A recession is defined by contraction in two consecutive quarters.

This is a very bad news for President Dilma Rousseff just before the General Election which will be held in October this year.

5. Famous footballer Cristiano Ronaldo was named the UEFA Best Player in Europe this week, his second after he won the same in 2008. He defeated Bayern Munich players Manuel Neuer and Arjen Robben for the prestigious award.

Ronaldo has received highest number of 24 votes from a panel of European football journalists to win the award followed by Neuer with 19 votes and Robben with 9 votes.