The scramble by European countries to join China’s new Asian Infrastructure Investment Bank is a powerful symbol of the eastward shift of global power
Soldiers of fortune from apartheid-era South Africa that inspired the Hollywood thriller ‘Blood Diamond’ are starring in Nigeria’s attempt to flush out Boko Haram terrorists
Saudi Arabia’s military intervention in Yemen’s civil conflict has turned up the heat on a simmering cold war between regional Sunni Arab states and their Shia rival, Iran
If the cries of ‘Je suis Charlie’ were sincere, the western world would be convulsed with worry and anger about the Wallström affair, argues Nick Cohen (The Spectator)
Chad’s strongman president, Idriss Déby, says Nigeria is absent in the fight against Boko Haram as Chadian troops defend Nigerian territory from the extremists (New York Times) Read more
Militia men loyal to Yemen's President Abd-Rabbu Mansour Hadi loot the barracks of the Special Forces in Aden
As Saudi jets launched bombing raids against Yemeni rebel targets, escalating another war in the Middle East, the Sunni world showed remarkable unity. A coalition of the willing — all Sunni — was assembled, stretching from Egypt to Pakistan. Supporters and critics of the Saudi regime alike agreed that it was time to teach Shia Iran.
And yet, Sunni communities should have little cause for satisfaction. It may be understandable that Riyadh considers Iranian backing for advancing rebels in Yemen as a step too far – Yemen is the Saudi backyard after all. But however large the Saudi-led coalition, and however united in its resolve to confront Iran, the latest intervention in Yemen is unlikely to save the country from sliding into all out civil war.
Indeed, Yemen is turning into another worrying case of Saudi-Iranian proxy war, a heightening power struggle that has engulfed other nations in the region and spread mayhem throughout the Middle East. Read more
Can the Iran nuclear talks succeed?
Gideon Rachman is joined by Roula Khalaf and Sam Jones to discuss the controversial international talks on Iran’s nuclear programme. What kind of a deal is on the table and can the talks succeed?
As the Trans-Pacific Partnership does or doesn’t approach completion, arguments for and against have had another airing, including the contention that the deal is worth doing for foreign policy reasons to enhance the US’s geopolitical standing in Asia.
This is an appealing fall-back for those who don’t like the deal’s content, but is at best one of the weaker arguments in favour. Whether or not agreements help strategic alliances, the intrusive and one-sided nature of pacts negotiated with the US can arouse resentment as well as cooperation. Read more
The progressive wing of the Democratic Party has been urging liberal firebrand Elizabeth Warren to run for president for months, in the hope of creating a challenger to presumptive nominee Hillary Clinton on the left.
With the Massachussetts senator repeatedly declining to heed their call, an influential group of activists has now shifted tack. Their new objective? Making Mrs Clinton more like Ms Warren.
More than 200 leading Democrats in Iowa and New Hampshire, two critical early states in the US presidential primary calendar, have signed a petition urging Mrs Clinton (and any other potential candidate) to campaign on some of the “big, bold, economic-populist ideas” that Ms Warren has championed, from cracking down on Wall Street to reducing the burden of student debt and expanding entitlement programmes. Read more
The death of Lee Kuan Yew, the founding father of modern Singapore, has focused attention on the economic miracle he helped to create.
In the three decades since Lee first became prime minister in 1959 until he stepped aside in 1990, per capita income in the city-state rose by a factor of 29, jumping from around $435 to more than $12,700. Nearby Malaysia only managed a ten-fold increase, from $230 to around $2400.
Yet economists remain divided over the causes behind this remarkable take-off.
By Gideon Rachman
Europe is in a race against time. After six years of economic crisis, extremist political parties are well-entrenched across the continent. Set against that, the European economy is in better shape than for some years. The question is whether economic optimism can return quickly enough to prevent the bloc’s politics slithering over the edge.
Is Bild going soft on Greece? After weeks spent hammering Athens over its debt-fuelled profligacy, the top-selling German tabloid has laid out the welcome mat for Greek prime minister Alexis Tsipras for his first visit to Berlin.
“Willkommen in Deutschland, Herr Tsipras,” said Bild in a front page banner headline published hours before the radical leftist was due to meet chancellor Angela Merkel over dinner later on Monday. And just to make sure the visitor got the message, the paper filled the bottom half of its front page reproducing the headline in Greek. Read more
Two decades after the Dayton peace agreement that ended the 1992-95 Bosnian war, EU governments have finally approved an association agreement with Bosnia-Herzegovina that puts the troubled state on track for eventual membership of the 28-nation union.
This is unambiguously good news for everyone who takes the view that democracy, prosperity and ethnic harmony will only take lasting roots in former Yugoslavia once all the states that emerged from its collapse, as well as neighbouring Albania, are full EU members.
But the EU’s decision to approve Bosnia’s association accord, taken on March 16, must be seen against the backdrop of the Ukraine crisis. With Russian-western relations in their worst shape since the end of communism, the Kremlin has made clear over the past year that it intends to ramp up its influence in the Balkans. The EU initiative is a signal that European governments are pushing back. Read more
It seems as if good news is gushing out of Spain these days like water from a Seville fountain.
The economy is expanding at its fastest rate in seven years, leaving behind France, Germany and Italy. The government predicts Spain’s return to growth will create half a million jobs this year. A commercial airline (Ryanair) is going to fly in and out of Castellón airport, the unused, €150m facility near Valencia that was a symbol of wasteful expenditure in Spain’s pre-crisis years.
To cap everything, researchers say they have found, under a Madrid convent, some of the remains of Miguel de Cervantes, author of Don Quixote and Spain’s most revered literary figure.
If only Greece could boast similar successes – a healing economy, a society recovering from the euro crisis, and the discovery of Homer’s skull under the patio of an Athens taverna.
Without wanting to turn a sprinkler on Spain’s parade, I think a few words of caution are in order. Read more
Brazil president’s troubles multiply
The popularity of Brazil’s president Dilma Roussef has plummeted only months after she was re-elected in the face of a floundering economy, mass street protests and a corruption scandal. Gideon Rachman discusses what went wrong with Jonathan Wheatley and Samantha Pearson.
In his Budget speech to parliament on Wednesday, the UK chancellor George Osborne indulged in the traditional needling of his opponents on the opposite bench. Whether it was a dig at Ed Miliband, Labour leader, for his two kitchens, or at the party’s recent electioneering in a “women-friendly” pink van, his jokes at the opposition’s expense met with the usual roars of raucous approval from his own benches.
But the second biggest target of his needling was rather more surprising – our friends across the Channel. Read more
The spectre of deflation is seldom something to fear, according to economists at the Bank for International Settlements who argue that evidence which shows how price falls persistently cause economic havoc is weak.
The risk of a vicious bout of falling prices is viewed as the biggest threat to the global economic recovery by many of the world’s top economic policy makers. Earlier this year, fears of years of weak price pressures led the European Central Bank to unleash a €1.1trn landmark quantitative easing package in the face of fierce resistance from the German economic and political establishment. Read more
Even some of his bitter enemies would now have to concede that Benjamin Netanyahu is a giant on the Israeli political scene. The results of Israel’s elections mean that the Likud leader is now likely to serve a record fourth term as prime minister, making him his country’s longest-serving prime minister ever. More than ever, “Bibi” is now confirmed as the international face of Israel. Read more
By Gideon Rachman
The story of the Asian Infrastructure Investment Bank is turning into a diplomatic debacle for the US. By setting up and then losing a power struggle with China, Washington has sent an unintended signal about the drift of power and influence in the 21st century.