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    Home > Headlines > World bids goodbye to 2025 with fireworks and icy plunges
    Headlines

    World bids goodbye to 2025 with fireworks and icy plunges

    Published by Global Banking & Finance Review®

    Posted on January 1, 2026

    4 min read

    Last updated: January 20, 2026

    World bids goodbye to 2025 with fireworks and icy plunges - Headlines news and analysis from Global Banking & Finance Review
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    Tags:sustainabilityfinancial communityinternational capitalInvestment opportunitieseconomic growth

    Quick Summary

    Global celebrations mark the end of 2025 with fireworks, traditions, and hopes for peace in 2026. Sydney, Seoul, and Rio highlight the festivities.

    World Celebrates New Year 2026 with Fireworks and Traditions

    Jan 1 (Reuters) - 10...nine...eight...

    As Wednesday turned to Thursday, people around the world said goodbye to a sometimes challenging 2025 and expressed hopes for the New Year to come.

    Midnight arrived first on the islands closest to the International Date Line in the Pacific Ocean, including Kiritimati (Christmas Island), Tonga and New Zealand.

    FIREWORKS LIGHT UP SYDNEY

    In Australia, Sydney began 2026 with a spectacular fireworks display, as per tradition. Some 40,000 pyrotechnic effects stretched 7 km (over 4 miles) across buildings and barges in its harbour and featured a waterfall effect from the Sydney Harbour Bridge.

    This year, it was held under an enhanced police presence, weeks after gunmen killed 15 people at a Jewish event in the city.

    Organizers held a minute's silence at 11 p.m. local time for the victims of the attack, with the Harbour Bridge lit up in white and a menorah - a symbol of Judaism - projected onto its pylons.

    "After a tragic end to the year for our city, we hope that New Year's Eve will provide an opportunity to come together and look with hope for a peaceful and happy 2026," Sydney's Lord Mayor Clover Moore said ahead of the event.

    In Seoul, thousands gathered at the Bosingak bell pavilion, where a bronze bell was struck 33 times at midnight - a tradition rooted in Buddhist cosmology, symbolizing the 33 heavens. The chimes are believed to dispel misfortune and welcome peace and prosperity for the year ahead.

    DRUMS AT THE GREAT WALL OF CHINA

    An hour to the west, there were celebrations and a drum performance at the Juyong Pass, at the Great Wall of China just outside Beijing. Revellers wore headgear and waved boards emblazoned with "2026" and the symbol of a horse. February will mark the arrival of the Year of the Horse on the Chinese lunar calendar.

    In Hong Kong, the annual New Year's fireworks display was called off after the apartment complex blaze in November that killed 161 people. Instead, a light show with the theme of 'New hopes, new beginnings' transformed facades in the Central district.

    In Croatia, celebrations got off to an early start. Since 2000, the town of Fuzine has held its countdown at noon, a tradition that has since spread across the country. Crowds cheered, toasted each other with champagne and danced to music - all in the middle of the day. Some brave souls in Santa hats took a plunge into the icy waters of Lake Bajer.

    BRAZIL LOOKS TO BREAK RECORD

    On Copacabana Beach in Rio de Janeiro - locals welcomed in the New Year in warmer weather with a music and fireworks party known as "Reveillon." Organizers were hoping to beat their 2024 Guinness World Record for the biggest New Year's Eve celebration.

    Elsewhere, preparations got under way for the more traditional midnight toast. In subzero temperatures in New York, organizers began putting up security barriers and stages ahead of the crowds that will flock to Times Square for the annual ball drop. 

    Greece's ancient Parthenon Temple on the Acropolis had a quiet New Year. The mayor of Athens said silent, environmentally friendly fireworks were used, citing distress caused by loud displays to pets, animals and some people.

    In snowy Kyiv and Moscow, both Ukrainians and Russians saw in the New Year, expressing hopes of peace after nearly four years of conflict.

    "I wish for the war to end, I think that this is the main and most important topic for our country," said a woman in central Moscow who gave her name only as Larisa and said she had traveled from distant Altai Krai to see the Russian capital in the winter holidays with her family.

    Many Ukrainians lamented that peace still seemed a distant prospect.

    But wrapped up warm and visiting a Christmas tree set up in front of Saint Sophia Cathedral in Kyiv, nine-year-old Olesia was more optimistic.

    "I think there will be peace in the New Year," she said.

    (Reporting by Reuters bureaus; Writing by Rosalba O'Brien; Editing by Rod Nickel, Daniel Wallis and Neil Fullick)

    Key Takeaways

    • •Sydney's fireworks display honors victims of recent attack.
    • •Seoul rings in the New Year with traditional bell chimes.
    • •Hong Kong opts for a light show after a tragic fire.
    • •Rio aims to break its own New Year celebration record.
    • •Hopes for peace expressed in Kyiv and Moscow.

    Frequently Asked Questions about World bids goodbye to 2025 with fireworks and icy plunges

    1What is international capital?

    International capital refers to financial assets and investments that flow across borders, often used to fund projects or businesses in different countries, contributing to global economic growth.

    2What is economic growth?

    Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).

    3What is sustainability in finance?

    Sustainability in finance refers to investment strategies that consider environmental, social, and governance (ESG) factors, aiming to generate long-term financial returns while promoting positive societal impact.

    4What are investment opportunities?

    Investment opportunities are chances for individuals or organizations to invest their money in various assets, such as stocks, bonds, real estate, or startups, with the expectation of generating a return.

    5What is the financial community?

    The financial community encompasses a network of individuals and institutions involved in the management, investment, and regulation of financial assets, including banks, investors, and regulatory bodies.

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