One event stood over all else this year: Russia¡¯s invasion of Ukraine. The conflict ushered in rapid shifts on defense, energy and business.

Meanwhile, the world continued it¡¯s emergence from the pandemic, with one exception: China. Its ¡°zero-COVID¡± policy added to existing supply chain pressures that the war had already worsened.

A woman stands in front of her empty fridge at her home in Brasilia in September. Rapid inflation across the world has pushed some households to the brink. | REUTERS
A woman stands in front of her empty fridge at her home in Brasilia in September. Rapid inflation across the world has pushed some households to the brink. | REUTERS

Workers stand on a closed residential area during a COVID-19 lockdown in Shanghai in May. China's
Workers stand on a closed residential area during a COVID-19 lockdown in Shanghai in May. China¡¯s ¡°zero-COVID¡± policy came to an end earlier this month, but not before causing severe economic damage and drawing widespread protests. | REUTERS

Britain's King Charles and members of the royal family follow behind the coffin of Queen Elizabeth II as it is carried out of Westminster Abbey after her state funeral in London on Sept. 19. | Pool / via REUTERS
Britain¡¯s King Charles and members of the royal family follow behind the coffin of Queen Elizabeth II as it is carried out of Westminster Abbey after her state funeral in London on Sept. 19. | Pool / via REUTERS

North Korean leader Kim Jong Un oversees a missile launch at an undisclosed location in North Korea, in this undated photo released Oct. 10. Pyongyang's record-breaking number of missile tests this year has prompted Japan, South Korea and the U.S. to step up their defense capabilities. | KCNA / via REUTERS
North Korean leader Kim Jong Un oversees a missile launch at an undisclosed location in North Korea, in this undated photo released Oct. 10. Pyongyang¡¯s record-breaking number of missile tests this year has prompted Japan, South Korea and the U.S. to step up their defense capabilities. | KCNA / via REUTERS

British Prime Minister Liz Truss announces her resignation outside No. 10 Downing St., London, on Oct. 20, after just 44 days in office. | REUTERS
British Prime Minister Liz Truss announces her resignation outside No. 10 Downing St., London, on Oct. 20, after just 44 days in office. | REUTERS

Elon Musk arrives at the Met Gala at the Metropolitan Museum of Art in New York City on May 2. Musk's tumultuous Twitter acquisition, completed in October, led to a staff exodus and has raised questions over the future of the social media platform. | REUTERS
Elon Musk arrives at the Met Gala at the Metropolitan Museum of Art in New York City on May 2. Musk¡¯s tumultuous Twitter acquisition, completed in October, led to a staff exodus and has raised questions over the future of the social media platform. | REUTERS

Sam Bankman-Fried, who founded and led FTX until a liquidity crunch forced the cryptocurrency exchange to declare bankruptcy, is escorted out of the Magistrate Court building after his arrest, in Nassau, Bahamas, on Dec. 13. The fall of FTX capped a rough year for the wider crypto industry. | REUTERS
Sam Bankman-Fried, who founded and led FTX until a liquidity crunch forced the cryptocurrency exchange to declare bankruptcy, is escorted out of the Magistrate Court building after his arrest, in Nassau, Bahamas, on Dec. 13. The fall of FTX capped a rough year for the wider crypto industry. | REUTERS

U.S. House of Representatives Speaker Nancy Pelosi gestures next to Legislative Yuan Vice President Tsai Chi-chang as she leaves the parliament in Taipei in August. Her visit sparked a series of major drills by the Chinese military, raising regional tensions further. | REUTERS
U.S. House of Representatives Speaker Nancy Pelosi gestures next to Legislative Yuan Vice President Tsai Chi-chang as she leaves the parliament in Taipei in August. Her visit sparked a series of major drills by the Chinese military, raising regional tensions further. | REUTERS