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Global Current Affairs 2021

Last Updated by Deepanshu 08-Feb-2021

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So, 2020 was a roller coaster of a year, so much happened in this year and we are glad that it ended. No, God didn’t make an appearance and no aliens were discovered, but jokes apart, if we had a word to define 2020, it would be “Chaos”.

Pandemic is still far from over, and we are still working from home.

But we are here to discuss this year, so let’s begin with January.

January

Pandemic Update


This year started with a new strain of the Covid-19 virus being discovered in the UK. This created panic in the world as it was more contagious than the previous, but fortunately, it was not more lethal than the previous. Vaccine makers started community testing, including Pfizer and Covaxx. India also approved two vaccines for community testing, i.e. Covaxin and covisheild.


Farmers Protests


Farmers are still protesting on the borders of Delhi demanding the repeal of 3 farm laws passed last year. On 26th January, due to some anti-social elements, some of them were distracted from their tracks, which led to a violent clash between police and protestors. Many protestors and police officers were injured and some of the protestors climbed the pole on the Red Fort and hoisted “nishaan sahib”.


US Capitol Violence



On 6th January, a large group of Trump supporters stormed into the US Capitol, destroying the belongings of the building. This led to Donald Trump being impeached for the second time in his tenure on 13th January. Joe Biden was sworn in as the new President of the US. Kamala Harris was also sworn in as the Vice-President. US Senator Bernie Sanders’ picture from the swearing-in ceremony went viral and was memefied all over the internet.


GME Short Squeeze


Speaking of memes, the GameStop stock(GME) prices hit an all-time high of $347.51 on 27th January. This was a result of a trend that started on r/WallStreetBets to save GameStop from disappearing from the market due to extreme shorting of its stocks by multi-billion dollar hedge funds such as Melvin Capital, etc. This led to these hedge funds losing billions of dollars that they gained by shorting the stocks. 

Speaking of the Internet, Elon Musk, the Richest Man on the Planet, supported the Redditors investing in GME stocks. He also encouraged investing in bitcoins and DogeCoin, which resulted in an increase in the value of DogeCoin by 50% in a single day.


Current Affairs January 2021

The Bombay High Court on 19th January issues a controversial verdict stating that only direct “skin-to-skin contact” is necessary for any sexual offence. Following all the criticism, the Supreme Court of India stayed the verdict.

A Boeing aircraft lost contact just moments after it took off and crashed near Indonesia. Indian forces had a small faceoff with Chinese infiltrants at the Naku La pass on 20th January.


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