Note: Australia is generally considered to be a continental landmass, rather than an island. If however one does count Australia among the islands it, not Greenland, would be the largest in the world (unless one also considered Antarctica an island).
... on Port Arthur (Lushun)[?] starts Russo-Japanese War
February 23 - For $10 million the United States gains control of the Panama Canal Zone.
March 3 - Kaiser Wilhelm ...