2021 was a roller coaster ride due to the pandemic. Despite the pandemic, history was stirred and many events unfolded that will forever make a difference on the world’s socio-economic front. Let us take a look at some of the events.
Iran and China sign a major agreement guaranteeing Chinese investment of $400 billion and Iranian oil supply in return in Tehran
The agreement could deepen China’s influence in the Middle East and reduce US efforts to keep Iran alone. But it was not immediately clear how much agreement they could use. U.S. officials say both countries can take concerted action to make Iran compliant. This was in the terms of the agreement while the United States gradually lifts sanctions. Iran has refused to do so, and China has backed it. They demanded that the United States took the initiative to renew its agreement by lifting joint sanctions that had disrupted Iran’s economy.
African Continental Free Trade Area, signed by 54 countries comes into effect, largely symbolically with full implementation expected to take years
The AfCFTA will put the African economy and the African people in a better position. The agreement promotes competition and promote investment, innovation, and economic growth by increasing efficiency and eliminating barriers to trade. In fact, it cuts prices off 90 percent of goods and gradually applies the same to resources.
It happens when some regions of the world are rethinking trade agreements and economic integration. Tax evasion in particular is expected to increase the value of Africa’s domestic trade by 15 percent to 25 percent by 2040. This will translate between $ 50 billion and $ 70 billion in value. Biden incoming managers should be careful.
Jeff Bezos announces he is stepping down as CEO of Amazon after 30 years, becoming executive chairman
Bezos, who founded the company 27 years ago, will be the current executive chairman of the Amazon Board. Andy Jassy iscurrently chief executive of Amazon Web Services, will take over as CEO. In the quarter ending December 31, Amazon recorded 100 billion sales in the last three months of 2020. After becoming the richest man in the world, the CEO of the company now hands over the reins to Andy Jassy. The company’s estimates have seen chaos since the start of the epidemic.
As the use of online shopping platforms grew significantly during this period, Bezos’s total value exploded by another $ 75 billion by 2020. Bezos also received criticism during his tenure as CEO, as thousands of Amazon employees reportedly lived in poverty. conditions. Currently, Bezos company Blue Origin is set to launch a program which takes passengers on suborbital and orbital trips.
Janet Yellen is confirmed as the first female Treasury secretary by the US Senate
Janet Yellen cleared her last hurdle on her historic trip to the Treasury secretary. 8415 votes made Yellen the first woman to lead the department, which she likened to the chairman of the Federal Reserve. However, there was delay in voting for a few days as the upper room passed the first week of President Joe Biden’s administration. In her new position, Yellen is running an agency with backing Biden’s $ 1.9 trillion plan, which comes just months after the coalition government closed its 2020 budget with more than $ 3 trillion in debt.
Jeff Bezos, worth $177 billion, tops Forbes Billionaires list of 2,755 people, including new entry Kim Kardashian
Amazon chief executive Jeff Bezos holds the top for the 2021 Forbes magazine list of the world’s richest people. It estimated $177 billion, up from $64 billion since last year over rising Amazon stocks. Tesla chief executive Elon Musk came in second from his 31st position last year with a net worth of $151 billion, $126.4 billion more than last year due to a 705% overruns in Tesla’s stock, according to a list of Forbes’ of the world’s leading markets. Kim Kardashian West, a real time television star worth more than $1 billion in toy companies and makeup. A newcomer to the list, and identical twins Tyler and Cameron Winklevoss.
State of New York charges The Trump Organization and its chief financial officer Allen Weisselberg with tax fraud and grand larceny
Weisselberg worked for the Trump family for nearly 50 years. He surrendered to authorities at a Manhattan criminal court. Also accused by a Manhattan district attorney of failing to properly report company profits. It included rented apartments, school fees, and cars, in the latest phase of the war to New York prosecutors and former president. In a Manhattan court case, prosecutors described a 15-year-old tax evasion plan that involved paying employees of the Trump Organization.
Elon Musk makes a record $25 billion in one day pushing his estimated worth to $255.2 billion, likely making him the richest person ever according to Forbes
After gaining momentum during the tech sale, Elon Musk’s fortune rose by a record $25 billion. As well as Tesla shares increased by 20%. A major car manufacturer’s deficit has taken Musk’s fortune from the chief executive and founder to $174 billion. Tesla’s stock rose 19.64% to $673.58 which was the highest increase in more than one year. Musk owns more than 20% of the company.
That has contributed $ 25.1 billion in profits from its one day profits. That increases to $ 210 billion in January, however. Musk narrowed the gap with Jeff Bezos of the Amazon, the richest man in the world, valued at $180 billion. Bezos’ fortunes rose by $6 billion on Tuesday as Amazon shares increased by almost 4%.
Wrapping up
2021 proved to be a risky year for many businesses due to the ongoing COVID situation. Although some people and businesses defied all the odds. They stood firm during the wave and thus made history. Bragsocial admires such dedication and pays tribute to those who deserve it.
