Current Affairs Global - 7 May 2014

1. The Constitutional Court in Thailand dismissed the Prime Minister Yingluck Shinawatra and nine cabinet ministers from office after the court found her guilty of abuse of power for the benefit of her family. Niwattumrong Boonsongpaisan has been appointed as the caretaker prime minister for the time being. 

2. German drug maker Bayer acquired Merck & Cos consumer care business in a USD 14.2-billion deal after outplaying rival bidders. The deal, the largest in the German healthcare industry since Bayer bought rival Schering in 2006, will make Bayer the second biggest over-the-counter drugs maker after Johnson & Johnson.

Recently global pharma companies have announced series of deals to restructure their business portfolio with Novartis and GlaxoSmith-Kline (GSK) closing a USD 20 billion deal last month and Astra-Zeneca and Pfizer are fighting off a USD 106-billion takeover bid by the later.

3. India-s star batsman Virat Kohli retained his rank at No 1 in the latest ICC ranking for batting category, released in Dubai today. Virat Kohli is followed by South Africa-s ABDevilliers at 2nd rank. India captain MS Dhoni is ranked at 6th position and Shikhar Dhawan is ranked at 8th

Among the bowlers, Saeed Ajmal leads the ranking list followed by Dale Steyn and Sunil Narin while Ravindra Jadeja is at 4th position in the ranking.

In the All-rounder-s list, Pakistan-s Mohammed Hafeez secured No 1 rank followed by Sri Lanka-s Angelo Mathews while India-s Ravindra Jadeja is ranked at 4th position in this list. 

4. English professional snooker player Mark Selby won his maiden World Snooker Championship title held at Sheffield, United Kingdom on 6th May. He defeated defending champion Ronnie O'Sullivan 18-14 after having trailed 8-3 and 10-5 in the dramatic final match to win the title.