Current Affairs International - 25-26 July 2016

1. Before the non-confidence vote in Nepal's parliament, Prime Minister K P Oli has resigned from his office. He became Prime Minister of Nepal in October 2015 but has been facing a no-trust motion after the Maoists withdrew support from the coalition government.


2. China has unveiled AG600, the world's largest aircraft which can land on both water and land and can be used to fight forest fires and perform marine rescues. The aircraft is around the size of a Boeing 737 which is much larger than any other amphibious plane. It has a maximum flight range of 4,500 km and can collect 12 tonnes of water in 20 seconds during emergencies.


3. American telecoms giant Verizon Communications acquired US Internet company Yahoo for around USD 5 billion in an all cash deal. Post this deal, Verizon plans to combine this with AOL which it bought last year. The deal, which does not include Yahoo's valuable stake in Chinese online giant Alibaba, is expected to close by the first quarter of next year.


4. Swedish mobile telecoms telecom company Ericsson has announced resignation of its Chief Executive Officer Hans Vestberg from his post with immediate effect. He has been the company's CEO since 2010. Current Chief Financial Officer Jan Frykhammar will be the acting CEO, with group treasurer Carl Mellander as acting CFO.


5. Formula one driver Lewis Hamilton won the Hungarian Grand Prix held on 24th July to top the drivers- championship table for the first time this season.His teammate Nico Rosberg secured second place and Red Bull-s Daniel Ricciardo secured third place in the race. This is Hamilton-s fifth win at the Hungarian circuit, making him the most successful driver at the same track.