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By Peter Chapman
With the global youth-to-adult unemployment ratio at its peak, and inequality one of the themes at Davos last week, the FT looks at the questions raised by youth unemployment, as well as solutions to it, in this Special Report.
Will the world’s lack of jobs drive the under-25s to violence and extremism? Do children, meanwhile, make easy targets for the global slave trade, and why is it that teenagers face greater bullying and violence over their sexual orientation?
Business often points the finger at government over the need to tackle the mismatch between qualifications and jobs but could it be doing more to confront the matter itself? Certainly German companies like BMW are bringing the benefit of apprenticeships to US states like South Carolina.
We have examined this and more in our Investing in Young People report.
What do you think must be done to prevent a lost generation of young people? Please share your comments with us below. Read more
Japanese prime minister Shinzo Abe did not shy away from discussing the tensions with China in his speech at the World Economic Forum in Davos. Lifen Zhang, editor-in-chief of FTChinese.com, examines the reaction of Chinese delegates and journalists.
By Joe Leahy in São Paulo
Team Brazil began its charm offensive in Davos on Thursday with Finance Minister Guido Mantega reasserting the primary role in global economic growth of the so-called Brics, which also include Russia, India, China and South Africa. Read more
Prospects for peace in Syria
World powers are gathering in Switzerland in an attempt to find a diplomatic solution to Syria’s three-year civil war, which has cost more than 130,000 lives drawn in regional powers to fight a proxy sectarian war. The conference nearly fell apart before it began when the UN invited Iran to participate. But what chance of success remains? Roula Khalaf, foreign editor, and Borzou Daragahi, Middle East correspondent, join Ben Hall to discuss.
By Martin Arnold, Banking Editor, in Davos
The first of many debates about China at Davos this year made an unexpectedly hostile debut this morning as Zhang Xin, head of Beijing’s biggest property developer Soho, was put on the spot over the country’s crackdown on corruption.
“Your industry is one of the most corrupt in China,” said moderator Andrew Browne, China editor of the Wall Street Journal, as he asked Ms Zhang to share her views on the issue. Read more
By Toby Luckhurst
♦ Al-Qaeda: On the march Terror affiliates are active in more countries than ever, write Sam Jones, Borzou Daragahi and Simeon Kerr.
♦ The rise of a new US federalism. Edward Luce says with federal government largely paralysed, the future is being shaped in the cities.
♦ The Economist looks at the effect a new era of automation will have on jobs. Previous technological innovation has delivered more long-term employment, not less. But, it notes, things can change.
♦ The New York Times reveals how Iraq’s government is paying and arming tribal militias to fight as its proxies in the battle against militants.
♦ Rewriting the revolution. H.A. Hellyer in Al Arabiya News looks at the historical revisionism in play in Egypt.
♦ An infographic in the New York Times shows the cost per person of the US federal budget passed last week. Read more
Can Hollande get the French economy back on track?
By an unfortunate coincidence, President François Hollande’s efforts to relaunch his presidency with an announcement of bold economic reforms have coincided with the revelation that he appears to be having an affair with an actress. Meanwhile, the economy continues to struggle, and the government is engaged in an effort to block performances by the controversial comic Dieudonné. Gideon Rachman is joined by Hugh Carnegy, Paris Bureau chief, and Ben Hall, world news editor, to discuss whether France is in crisis, or whether it’s business as usual
TOSHIFUMI KITAMURA/AFP/Getty Images
By Jonathan Soble
Sermons from the IMF tend to make Japanese leaders fidget nervously in their pews – all fire and brimstone about budget deficits and the need for austerity. But Christine Lagarde’s warning about the evils of deflation is more likely to elicit a full-throated “amen”.
Successive Japanese administrations have promised to end deflation – the “ogre”, in Ms Lagarde’s description, that has menaced the country’s economy since the late 1990s. But under Shinzo Abe, prime minister since December 2012, and his central bank governor, Haruhiko Kuroda, deflation-fighting has become the overriding priority.
They have been getting results so far: prices of consumer goods excluding fresh food are rising nearly 1 per cent year-on-year, thanks to the Bank of Japan’s ultra-accommodative monetary policy and the related plunge in the value of the yen, which has pushed up the cost of imports. Read more
The turmoil in Turkey
Turkey is in political turmoil. In recent weeks a corruption scandal has gripped the government, resulting in a series of arrests, the moving of hundreds of senior police officers, a challenge to the power base of Prime Minister Recep Tayyip Erdogan and a split between Mr Erdogan and his former backers in the Gulenist movement.
In this week’s podcast, Gideon Rachman is joined by Daniel Dombey, Turkey correspondent and Tony Barber, Europe editor, to discuss how these developments threaten the political and economic stability of this large dynamic country that is vital to the geopolitics of both Europe and Asia.
Ronald Pofalla (Adam Berry/Getty Images)
By Stefan Wagstyl in Berlin
Controversial job-seekers have been making the headlines over the holidays in Germany. The debate over EU immigration, sparked by the lifting of restrictions on Romanians and Bulgarians, has been entirely predictable – and rather more civilised than, for example, in the UK.
More surprising have been reports of a possible new posting for Ronald Pofalla, chancellor Angela Merkel’s former chief of staff, who quit in December saying he wanted more time for his private life.
There was some sympathy then for the twice-divorced 54-year-old’s plans to start a family with his 32-year-old girlfriend and an understanding that he would, at some point, find work in industry – perhaps in the coal sector in his home region of North Rhine Westphalia. Read more
Judging from our list of the most-read stories of the year, it was a year of personalities, the taper, technology – and increasing turmoil in Syria and Egypt.
This interactive, compiled from the most read stories of the year, gives a picture of what the FT audience was interested in each month.
It’s broken down into four sections, overview, world, companies and markets so you can drill down into the most popular stories in each section. Read more
Protests continue in Ukraine
Mass protests continue in Kiev, the capital of Ukraine, against the government of President Viktor Yanukovych. The government had refused to sign an association agreement with the European Union, apparently in favor of closer ties to Russia. Neil Buckley, east Europe editor, and Roman Olearchyk, Kiev correspondent, join Gideon Rachman to discuss the still-volatile situation.
China and Japan in the struggle of the century
Aerial posturing over disputed territories in the East China Sea has caused concern among the international community. After China declared an air identification zone over the Senkaku/Diaoyu Islands, the US despatched two B-52 bombers in an apparent show of defiance, but has instructed its civilian airlines to respect the zone. In this week’s podcast, Gideon Rachman is joined by Jamil Anderlini, Beijing bureau chief, and Geoff Dyer, US foreign policy correspondent to shed light on the situation
By Luisa Frey
♦ Fears of an accidental conflict are growing following China’s creation of an air defence zone over the Japanese-administered Senkaku islands it claims as its territory, with the US seeing the move as a provocative step, writes the FT’s Demetri Sevastopulo. Read more