1. What major events happened in
2020?
Covid-induced economic crisis
Hardly any country has been spared the brunt of the covid
pandemic. Over 77 million people worldwide have been infected, and the
number of deaths has crossed 1.7 million.
The economic impact of the pandemic will take a long time to mitigate.
According to an estimate by ILO, an equivalent of 400 million full-time
jobs were lost worldwide. Income of workers had fallen 10 per cent by
September 2020, equivalent to a loss of over $3.5 trillion.
Global stock markets saw their fastest decline in history in
February-March, with the worst sessions seeing 12-13% falls.
Overall, this is the worst global economic crisis since the Great
Depression of the 1930s .
watch video : Covid-induced
Biden trumps Trump
The US presidential election of 2020 will be remembered, among other
things, for the ugly slugfest between the Republican and Democratic
camps.
Covid, economy, a divided society... Trump has ensured that Biden has
his hands full when he moves into the Oval office.
On the diplomatic front, Biden needs to rebuild a few burnt bridges, and
also check Beijing's growing clout in a multi-polar world.
His announcements of taking the US back into WHO and the Paris
climate accord are reassuring, especially at a time when global bodies are
stretched for funds.
watch video : < Biden trumps Trump >
2. West Asia peace initiatives
Israel and some Arab states set aside their historical baggage of
intolerance and took a few baby steps toward normalising relations.
Israel signed a peace agreement with UAE brokered by the US, and
followed up with similar deals with Bahrain, Sudan and Morocco.
Saudi Arabia too is believed to have opened back-channel diplomacy to
ease tensions with Tel Aviv.
That, seen in a larger geopolitical perspective of the region, leaves Iran
out in the cold. Tehran has not softened its rhetoric towards Israel, and
will keenly observe the next moves of countries in its neighbourhood
watch video : < West Asia peace initiatives >
Black Lives Matter
The anti-racism Black Lives Matter movement has existed in the US
since 2013. But the Minneapolis George Floyd incident of May 25 imparted
a momentum like never before.
The US witnessed more than 4,700 demonstrations, on an average of
140 per day, during the month following the incident.
Protests peaked on June 6, when half a million people turned out in
nearly 550 places across the United States. By some estimates, the
participation was better than during the civil rights marches of the 1960s.
watch video : < Black Lives Matter >
UK exits EU
Britain formally withdrew from the European Union at 11 pm GMT on Jan
31. But it wasn't until Christmas that the two sides could reach a trade
agreement.
Studies have shown that the UK's GDP might drop up to 4.5%, and per
capita income up to 10%.
3. Some financial firms have already moved parts of their business out of
UK to avoid possible post-Brexit disruptions
watch video : < UK exits EU >
All work(ed up) and no play
Blockbuster sports rivalries, normally played out before choc-a bloc
stands, being staged in empty arenas! Yes, 2020 saw that happen too.
Limited sporting activities resumed with strict Covid protocols after a
(presumed) thaw in the virus spread, but spectators, barred from the
grounds, were the biggest losers.
Or were they? It was no better for the players themselves, so used to
being appreciated with a thunderous roar from the galleries for every
moment of on-field brilliance.
The Summer Olympics were postponed for the first time since World
War II, Wimbledon cancelled, and IPL was forced to find a temporary
home in the UAE.
watch video : < All work(ed up) and no play >
Australia's worst natural disaster
While Australia is no stranger to summer bushfires, quite nothing
compares to the ones in the 2019-20 season. With an estimated damage
of over $103 billion, this was Australia's worst ever natural disaster.
Nearly 186,000 sq km area was burnt, and over a billion wild animals
killed in the fires that raged from July 2019 to March 2020. Nearly 25,000
koalas on Kangaroo island, a major wildlife conservatory in South
Australia, are believed to have perished.
New South Wales was the worst affected province, with 26 fatalities.
watch video : < Australia's worst natural disaster >
4. Beirut blast
A huge explosion shook Lebanon's capital Beirut on August 4, resulting
in deaths of over 200 people. Nearly 2,750 tonnes of unsafely stored
ammonium nitrate exploded at a storehouse near Beirut port.
The blast was felt in Turkey, Syria, Israel, parts of Europe, and was
heard in Cyprus, more than 240 km away.
It was detected by the US Geological Survey as a seismic event of
magnitude 3.3, and is being called one of the most powerful non-nuclear
explosions in history.
watch video : < Beirut blast >
Iran downs civilian plane
On January 8, a Ukrainian passenger plane flying to Kyiv was shot down
shortly after take off from Tehran airport by Iranian Islamic Revolutionary
Guard Corps. All 176 passengers on the plane were killed.
Initially, Iran denied responsibility for the incident. However, it later
admitted that its forces shot down the civilian plane, mistaking it for a
hostile object.
The incident happened amidst a standoff between Washington and
Tehran.
watch video : < Iran downs civilian plane >
Megxit
In January, Prince Harry and Meghan Markle announced their decision to
'step back as senior members' of the British Royal family. The event was
dubbed 'Megxit,' a wordplay on the name 'Meghan' and 'exit, possibly
inspired by 'Brexit.'
The ex-royals have announced their intentions to become financially
independent and split time between the UK and North America.