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BUSINESS AND ECONOMICS

Appointments
New York University economics professor Paul Romer is appointed the World Bank's new chiefeconomist.
Veteran economist Indrajit Coomaraswam is the new Governor of the Central Bank of Sri Lanka.
Resignations
Roger Ailes steps down as Fox News Channels Chairman and Chief Executive in the wake of asexual-harassment scandal.
Mergers, acquisitions and deals
AccorHotels announces the acquisition of FRHI Hotels & Resorts (FRHI) and its three prestigiousglobal luxury hotel
brands: Fairmont, Raes and Swisstel for $2.7 billion.
Verizon, America's biggest mobile operator announces a $4.83 billion cash deal to buy Yahoo's coreinternet properties,
which includes its search engine, email service and sections devoted to news,sports and nance.
ARM Holdings, one of the UK's biggest technology companies, announces that it is being bought byJapan's Softbank for
24bn ($32bn).
Other important news
The Finance Ministers from the Group of 20 (G-20) major economies pledge to boost the globaleconomy, which is showing
a weak recovery at the end of the two-day meeting of G-20 FinanceMinisters and Central Bank Governors meeting held in
the Chinese city of Chengdu.

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