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In pictures: World in 2015

  • Refugee crisis, Donald Trump, Suu Kyi, Volkswagen

    Syrian refugee crisis: It took the death of a three-year-old for the world to start appreciating the plight of refugees escaping the Syrian civil war and looking for greener pastures in the western world. While several European nations pledged to take in a large number of Syrians who had come away from their homeland, there were concerns about the possibility of militants taking opportunity of the crisis and sneaking into Germany, France and other parts of the Continent. Even the US was clearly divided on whether or not to provide asylum.

  • Refugee crisis, Donald Trump, Suu Kyi, Volkswagen

    Paris Climate Talks: The 2015 United Nations Climate Change Conference in Paris negotiated a global agreement on reduction of climate change, representing a consensus of 196 nations. The agreement will become legally binding if at least 55 countries, which together represent at least 55 per cent of global greenhouse emissions, sign it in New York between 22 April 2016 and 21 April 2017. They must also adopt it within their own legal systems. The key outcome of the talks was the setting of a goal to limit global warming to less than 2 degrees Celsius compared to pre-industrial levels. The agreement calls for zero net greenhouse gas emissions caused by humans to be reached during the second half of the 21st century. The parties will also take steps to limit the temperature increase to 1.5 degrees Celsius.

  • Refugee crisis, Donald Trump, Suu Kyi, Volkswagen

    Volkswagen scandal: The German car maker was accused of installing faulty emission detection apparatus in its diesel engines, in a bid to understate the actual amount of nitrogen oxide released from its vehicles. According to a US Environmental Protection Agency, the cars produced up to 40 times higher nitrogen oxide during driving than in the laboratory setting. The move would eventually hurt the auto major's car sales and force it to go in for major car recalls across the globe, including the largest in Indian automobile history, involving more tahn 300,000 cars.

  • Refugee crisis, Donald Trump, Suu Kyi, Volkswagen

    Donald Trump: The Presidential candidate for the 2016 election in the US became a front-runner for the most powerful job in America in a July 2015 poll, and has since polled at or near the top of most opinion polls for the GOP nominations. But Trump has also been in the eye of a storm for more reasons than one, such as his call to bar Muslims from entering the US -- a proposal that invited outrage from several quarters within his home country and abroad -- and his alleged sexist remark against rival Hillary Clinton.

  • Refugee crisis, Donald Trump, Suu Kyi, Volkswagen

    Paris under attack: The French capital faced the brunt of Islamic terror in Europe on two ocassions. The first was January 7 attack on the Paris headquarters of Charlie Hedbo, a French satirical magazine. Two gunmen forced their way into the office and opened fire killing 12 staff and injuring eleven. Then, in November, terrorists orchestrated a 26/11 Mumbai-style attack in several parts of the city and in Saint-Denis, killing as many as 130 people, including 89 at the Bataclan theatre.

  • Refugee crisis, Donald Trump, Suu Kyi, Volkswagen

    US Fed rate hike: The US Federal Chairperson only did the expected on December 16, when she raised interest rates in America for the first time in a decade. Yet, the 25-basis-point hike, which signalled the faith that the US economy had largely overcome the wounds of the 2007-2009 financial crisis, would stimulate a spectrum of response in markets across the globe. While most emerging markets gained following the move, there were concerns about the long-term impact it, and future rate hikes could have on debt and equities in such markets.

  • Refugee crisis, Donald Trump, Suu Kyi, Volkswagen

    Brent hits 11-year low: Concerns about swelling global crude supply and slow demand sparked by economic weakness in China, which have been recurring themes for the continuous slide in oil prices, were reinforced when Brent crude hit an 11-year-low on December 21. The Iran nuclear deal, which was was finally passed on July 14 after two years of negotiation is likely to fuel the downtrend in prices. This is because Iran will be allowed to sell oil again in the international market, once sanctions are lifted in return for curbs on its atomic activities.

  • Refugee crisis, Donald Trump, Suu Kyi, Volkswagen

    Suu Kyi wins historic election: A quarter century after Myanmar’s generals denied Aung San Suu Kyi an election win, she led her party to victory, ousting a military-linked government and edging the Southeast Asian nation closer to full democracy. Her National League for Democracy secured 390 seats in the two Houses of parliament, enough to choose the country’s next president without seeking support from any other political party, according to official results from the nation’s election commission.

  • Refugee crisis, Donald Trump, Suu Kyi, Volkswagen

    Yuan devaluation: China devalued its tightly-controlled currency in the early half of August by 3.5 per cent -- in two tranches of 1.9 per cent and 1.6 per cent -- as the country grappled with economic slowdown and dwindling exports. While the US adopted a wait-and-watch policy to the "new mechanism" for determining the central parity of the Renminbi, India Inc was clearly worried with the devaluation. While tyre and steel companies are already battling rising Chinese imports, other industries like consumer durables, electronics and textiles are likely to feel the heat.

  • Refugee crisis, Donald Trump, Suu Kyi, Volkswagen

    Greek bailout: Greece and its international creditors reached agreement in the latter half of November, on the country's next round of economic changes, a deal that is meant to unlock as much as euro 12 billion, or about $13 billion, in loan money. Athens had initially hoped the money would be dispensed after the Greek Parliament passed a package of economic measures in October.But eurozone finance ministers said then that the steps did not fully meet the conditions required for the next milestone payment from the country's €86 billion bailout package. The breakthrough this time was a formula for providing some overly indebted homeowners protection from foreclosure, even as Greece and the creditors try to protect Greek banks from the worst effects of borrowers who cannot repay their loans.

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