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Daily G.K. - Top Stories

12 Jun 2015

INTERNATIONAL AFFAIRS

Twitter’s Dick Costolo to step down as CEO

  • Twitter Inc CEO Dick Costolo abruptly announced he was stepping down amid increasing scrutiny of the company's slow user growth and inability to attract advertisers at the same rate as its competitors.
  • Mr. Costolo will be replaced by co-founder Jack Dorsey on an interim basis.
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BUSINESS AND ECONOMY

Nod for Spectrum Sharing

  • In a move that could lead to improved quality of cellphone services for users, the Telecom Commission gave approval for sharing of spectrum among operators.
  • In India, spectrum is divided among operators in small and fragmented manner. These guidelines are important as spectrum sharing will allow telecom companies to pool their spectrum holdings, leading to improved spectral efficiency.
  • For consumers, this is likely to lead to better quality of services — fewer call drops and faster data speeds.

C. S. Verma steps down as SAIL CMD

  • State-owned SAIL said C. S. Verma had relinquished the charge as Chairman and Managing Director on completion of his tenure and Steel Secretary Rakesh Singh has assumed the charge till a regular incumbent is appointed.
  • Mr. Verma was appointed CMD of the country’s largest steel producer for a 5-year term in June 2010 by the previous UPA government.
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SCIENCE & TECHNOLOGY

Connection Between Brain and Lymphatic System Discovered

  • Textbooks of medicine say that there is no direct connection between the brain and the lymphatic system. Yet, a paper published recently in the journal Naturerefers to the discovery of exactly such a connection.
  • The researchers are from the School of Medicine, University of Virginia. While it is quite a startling discovery in itself, it gains significance because it could lead to a breakthrough in the treatment of diseases such as Alzheimer’s disease, multiple sclerosis etc.
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SPORTS

Forbes Highest Paid Athletes 2015

Forbes has carefully selected the athletes to be inducted in the list of Highest Paid Athletes 2015 according to their total cumulative earnings.

The notable top 5 in that list are
1. Floyd Mayweather – $105 million
2. Cristiano Ronaldo – $80 million
3. LeBron James – $72.3 million
4. Lionel Messi – $64.7 million
5. Kobe Bryant - $61.5 million
Notably, M. S. Dhoni became the only Indian athlete to be featured in this list.

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