In early 2010, fears of sovereign debt crisis developed in some countries concerning: Portugal, Italy, Ireland, Greece and Spain (sardonically known as PIGS). The sovereign debt crisis started in the eurozone in late 2009 when the socialist government revealed that the predecessor government had understated the level of fiscal deficit for Greece. But the criticisms have not supported this argument; they have stated that the fiscal adjustment imposed on Greece merely has postponed an unavoidable restructuring of its sovereign debt due to which the levels of public debt has reached skyrocketing levels. But critics have also stated that Japan despite its slow rate of economic growth has been able to sustain the already 'skyrocket' levels of sovereign debt. Greece represents a very small part of the Eurozone's GDP but if Greece leaves the Eurozone then there will be significant increase in losses, the new currency will be devalued , will create massive run on the Greek banking system and eventually whole of the Eurozone will sweep in trouble. The euro crisis can be regarded as a form of systematic crisis that not only threatens the euro but the world economy in entirety.

Technology has surpassed all boundaries with the introduction of tablets in the markets. Tablets have evolved as saviors for all tech savvy people as eBooks have many advantages like better readability of their screens in bright sunlight, longer battery life and all these features are well inbuilt in the Amazon's Kindle Fire. Many companies have come up with their version of tablets like Barnes and Noble, Hanvon, Samsung, Aluratek and many more. Amazon has been since long a leader in the online retail space and with the introduction of Kindle it has taken the world to an unprecedented level with a promise that they will continue to make its products better for customers with regular software updates. Since 2007, when Amazon first launched Kindle, they have been continuously modifying and upgrading the versions of the product to make it more user friendly and also to beat the competitors in the eBook reader market.

The 21st century has marked the beginning of the social networking era as many social networking sites like Facebook, Twitter, MySpace, Ning came into existence making the world more connected in a simple and streamlined manner. Although Google is without a doubt 'an undisputed leader in search', it continues to create and stumble in its pursuit to challenge Facebook in a bid to make its mark in social networking. Google's tried and failed projects in social networking include Orkut, Google Buzz and its latest offering Google Plus.

Three days of outage seemed like darkness in the lives of Blackberry users without email, messaging and internet services in the five continents. The outage was felt first in Europe, the Middle East, Africa, India and then America. After three days of pain and hardships the services were fully restored. The cause of the problem as explained by the RIM executives laid in the failure of a switch in its European infrastructure."Although the system is designed to failover to a back up switch, the failover did not function as previously tested," RIM said. This created a large backlog of data.