French President François Hollande has made an uncharacteristically audacious decision in appointing Manuel Valls, an economic reformer and Socialist party moderniser, as his new prime minister. Here are five things you need to know about the new premier: Read more
When out of the blue a little-known millionaire businessman with no political past is elected president of his country, what does this tell you about the quality of that country’s democracy and about the trust of citizens in their established political classes?
These questions are raised by the remarkable victory on Sunday in Slovakia’s presidential election of Andrej Kiska, 51, who will serve a five-year term as head of state after trouncing Robert Fico, prime minister, by a margin of almost 60 to 40 per cent. Read more
Turkish Prime Minister Recep Tayyip Erdogan (R) and his wife Emine Erdogan (L) greet supporters. (Getty)
Recep Tayyip Erdogan, reeling from allegations of graft and last summer’s urban rebellion against his socially intrusive authoritarianism, has won a popular reprieve from the only court he believes matters: the Turkish electorate.
With official results still to come, his ruling Justice and Development party (AKP) has nevertheless trounced Turkey’s enfeebled opposition – his sixth straight victory at the polls since 2002, leaving aside two referendum wins – the wellspring of Mr Erdogan’s hubristic sense of political immortality. Read more
What is it about the last week of May and elections? I already have the elections to the European Parliament marked in my diary. They are scheduled to take place in 28 EU nations between May 22 and May 25, and the European Parliament has modestly billed them as the “second biggest democratic exercise in the world”. The biggest, obviously, is the Indian elections – the results of which will have been declared just a week earlier. The Indian and European elections were scheduled some time ago. But we now also have the Ukrainian presidential election - an event that has taken on global significance – scheduled to take place on May 25. Meanwhile, Egypt has just announced that it too will hold a presidential election on May 26-27. Read more
Imagine you are the boss of a multinational company with a long-planned meeting with an authoritarian leader of a vital trading partner. Then just before the scheduled get-together, he decides to invade one of his neighbours. What do you do?
That, roughly, was the position of Joe Kaeser, chief executive of Germany’s Siemens, as he decided to go through with a meeting with Vladimir Putin this week at the Russian president’s nineteenth century country residence on the outskirts of Moscow. Read more
Wednesday night’s debate in Britain between the standard-bearers of the pro- and anti-EU camps came out as a victory for the eurosceptic, Nigel Farage, over the pro-European deputy prime minister, Nick Clegg. That is not my judgement, it is the verdict of the polls. A snap poll showed that 57% of viewers had Farage winning, whereas 36% had Clegg ahead. That verdict is extra-depressing for pro-Europeans since the polling company weighted the audience to make sure that it was as neutral as possible. Read more
Mr Abbott has been dubbed ‘Marty McFly’ for his decision to reinstitute the titles of knights and dames in Australia
By Jamie Smyth
“Welcome to Abbott’s bunyip aristocracy”, screamed the headline on the front page of Wednesday’s Sydney Morning Herald.
This was the newspaper’s satirical take on Australian Prime Minister Tony Abbott’s surprise decision to reintroduce an honours system Down Under based on the regal titles of knights and dames.
Twitter provided a stream of satirical comments, while the Sydney Morning Herald’s reference to the “bunyip aristocracy” invoked the mythological aboriginal devil creature that was used to ridicule conservatives’ 19th century attempts to develop an aristocracy.
Outgoing Governor General Quentin Bryce and her successor Peter Cosgrove – who takes over as Queen Elizabeth II’s representative in Australia on Friday – will be the first to receive the titles. As many as four new awards will be recommended by the prime minister and approved by the Queen each year, with the governor general occupying the position of “principle knight or dame in the Order of Australia”. Read more
Egyptian policemen standing guard outside the courthouse in Minya during the trial of some 683 Islamists on March 25, 2014. AFP/Getty Images
That Egypt’s judiciary is politicised is nothing new. Usually, though, at least it goes through the motions of a trial, allowing some form of defence and taking its time in issuing controversial verdicts.
A court in the southern city of Minya, however, has dispensed with all formality, opting instead for an absurd and outrageous miscarriage of justice. On Monday, it delivered the biggest mass death penalty in the country’s modern history, sentencing 529 Muslim Brotherhood followers to death for an August attack on a police station, in which the deputy police chief was killed. The defendants’ lawyers were not allowed into the proceedings – which lasted a mere two days. Read more
♦ In the new cold war, Russia could hit the US where it hurts – in Iran.
♦ Vladimir Putin has confounded three US presidents as they tried to figure him out.
♦ The decision in Egypt to hand the death sentence to 528 Muslim Brotherhood members was widely condemned, but Egyptian TV told a different story.
♦ The US is losing its edge as an employment powerhouse after its labour participation rate fell behind the UK’s.
♦ Russia’s actions in Crimea have sent a chill through its former Soviet neighbours in Central Asia and the Caucasus.
♦ American economist Hyman Minsky is back in vogue as his ideas offer a plausible account of why the 2007-08 financial crisis happened.
♦ A report on how former Tunisian president Zein al-Abidine Ben Ali changed the rules of business underlines the challenges still facing the country. Read more
Until a week ago, it looked as if the far-right, anti-immigrant Freedom party (PVV), led by Geert Wilders, might become the largest Dutch political party in the European parliament after the May 22-25 elections to the EU assembly.
But that was before Mr Wilders offended large sections of Dutch opinion, and provoked high-level resignations from the PVV, by making incendiary, xenophobic remarks at a political rally. His party, once top of the opinion polls, is falling back as a result. Read more
By Gideon Rachman
As US President Barack Obama and the leaders of the EU huddle together this week, they will strive to look united and resolved. The reality, as Vladimir Putin knows, is that they are divided and uncertain. The Russian president has moved with a speed and ruthlessness that has left western leaders floundering. Russia swallowed Crimea, in less than a week, with scarcely a shot fired. It has now massed troops on Ukraine’s eastern border – and all that the west has so far offered the Ukrainian military is a supply of US army ready-meals.
In our Reporting Back series, we ask FT foreign correspondents to tell us about a recent trip.
In this dispatch, Andres Schipani, the FT’s Andes correspondent, gives his account of a visit this month to Venezuela, where protests over the past month against the socialist regime of president Nicolás Maduro have left at least 33 people dead. Read more
♦ Many Iranians see basij– the ideologically-driven volunteer forces of the Revolutionary Guards – as stick-wielding thugs, but they show a softer side as they sip cappuccino and discuss art at Café Kerase.
♦ Although demographic and other factors are against the US Republicans, the Grand Old Party is seeing a strange revival.
♦ It’s not a good time for Japan to put its tax rates up, which is why the government is allowing retailers to act like they haven’t.
♦ Much has changed in Sarajevo since the day in 1914 when Austrian Archduke Franz Ferdinand was shot, providing the spark that lit the flames of the first world war, yet much has remained the same.
♦ The Egyptian army’s gift of land for homes has prompted speculation over a closely guarded secret: the size of the army’s stake in the economy.
♦ A property boom across Germany‘s biggest cities has been dubbed a betongold – literally concrete gold – rush. Read more
Here is an addendum to our post on Friday on what might come next for trade sanctions on Russia. I spent part of the weekend playing with the data on MIT’s brilliant Observatory of Economic Complexity. It is a fabulous place for visualisations of trade data. The underlying data are a few years out of date. But the overall trend still holds true and so these interactive charts on Russia seem worth sharing given the current debate. Read more