Daily Archives: March 24, 2014

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 The underlying data are a few years out of date.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