Current Affairs Global - 8 June 2014

1. Petro Poroshenko was sworn-in as President Ukraine after winning the Presidential election held recently. He got 54.7% of the total votes in the recently held election last month. His main job will be to bring peace and harmony in the east part of the country.


2. UN Secretary General Ban Ki-moon has nominated Jordan-s envoy, Prince Zeid Ra-ad Zeid Al-Hussein as the new High Commissioner for Human Rights. He replaced Indian-origin Navi Pillay, who was appointed High Commissioner for Human Rights in July 2008.


He is currently Jordan-s Permanent Representative to the United Nations, a post he held previously for six-and-a-half years, from 2000 to 2007. From 2007 to 2010, he served as Jordan-s Ambassador to the United States and non-resident Ambassador to Mexico. He has also served as Jordan-s Deputy Permanent Representative at the UN, with the rank of Ambassador, from 1996 to 2000.


3. Irish author Eimear McBride has won the 2014 Baileys Women's Prize A for Fiction with her debut novel, ` Girl is a Half-Formed Thing'. McBride's debut is a story of a young woman's relationship with her brother and the long shadow cast by his childhood brain tumour.


She defeated Indian-American writer Jhumpa Lahiri's `The Lowland' to win the prize. Baileys Women's Prize for Fiction (earlier known as the Orange Prize) is UK's only annual book award for fiction written by a woman.


4. United States added 217,000 jobs in May which was slightly below than the expectations of the analysts. The unemployment rate remained unchanged at 6.3% in May. This lower unemployment rate confirms improvement in US job market and strong recovery later this year.


5. The European Central Bank (ECB) introduced aggressive easing measures this week in order to stimulate the eurozone economy which has been struggling to regain strong economic growth. The ECB is the first major central bank to introduce negative interest rates, which will help banks to lend money to businesses aggressively.


The ECB announcement saw it cut the deposit rate for banks to zero from -0.1% and reduce the benchmark interest rate to 0.15% from earlier 0.25%. In addition to the interest rate cuts, the ECB will offer a package of cheap long-term loans to banks which are worth up to 400bn euros. ECB President Mario Draghi also signaled there may be more easing measures to come.


6. Russia-s Maria Sharapova won her five Grand Slam titles after she won the French Open for a second time yesterday. She defeated Romania-s Simona Halep by 6-4, 6-7 (5/7), 6-4 in the final match to win the title.