By Luisa Frey
♦ Instead of euphoria, relief swept through Tehran after the reach of a historic deal over Iran’s nuclear programme. Although the agreement is an interim one, Iran now hopes for an end to its isolation and the revival of its economy. But the FT’s David Gardner comments that sceptics will want proof Iran is becoming ‘a player for peace’ – “given Tehran’s record, it could hardly be otherwise”. Read more
For the last seven years, Iran and world powers have been engaged in seemingly endless negotiations over whether the Iranian nuclear programme could be curbed. After each failure, diplomats and journalists ended up wondering whether diplomacy would ever prevail – or whether Iran would end up either getting the nuclear bomb or being bombed.
But this autumn three factors came into play to make this the moment when a landmark deal needed to be agreed – and when the years of deadlock and obfuscation needed to come to an end. The agreement, hailed as a historic moment, has halted further progress on the nuclear programme in return for a modest lifting of international sanctions. Read more
The FT has chosen World Child Cancer as its partner in the 2013 Seasonal Appeal. In this video, Shawn Donnan introduces the charity, its model, and how it helps children with cancer in the developing world. Read more
By Luisa Frey
♦ In India, prime ministerial candidate Narendra Modi captures the attention of both bitter enemies and fanatical supporters. Even business leaders who admire him admit he could be a risky choice, write the FT’s Victor Mallet and Lionel Barber. Read more
Michelle Bachelet on the campaign trail
Chile is about to have a new female president, Michelle Bachelet. Brazil already has one, Dilma Rousseff. So too Argentina, in the figure of Cristina Fernández. Add up their three economies, and a combined gross domestic product of $3,000bn will soon be presided over by female leaders. Moreover, this is in a continent more often noted for machismo than women’s rights. It just goes to show how often stereotypes can be wrong. Or are they? Read more
A house by Tacloban airport (Getty)
By Amie Tsang and Luisa Frey
The Philippines is no stranger to natural disasters. But in just a few days, it has been transformed from emerging market star – its economy grew at annual rate of 7.6 per cent in the first half of 2013, faster than China – to a “state of national calamity”.
Typhoon Haiyan will cause inevitable damage to the country’s economy, but loss of output will be dwarfed by the devastating loss of life.
The Asian Development Bank estimates that losses from typhoons and earthquakes cost the Philippines around $1.6bn each year. The World Bank estimates the annual typhoon season typically shaves 0.8 percentage points off annual GDP growth. Read more
A survivor in Tacloban (NOEL CELIS/AFP/Getty Images)
Typhoon Haiyan, which swept through the central Philippines hurling makeshift homes and shacks through the air like so many matchboxes, should remind us of something pretty basic. The Philippines remains an extremely poor country.
In recent years, the southeast Asian country of nearly 100m people has deservedly gained the attention of investors. It has gradually shed its image as the basket-case of Asia and attracted serious inflows of foreign capital. Since 2010, it has had a president, Benigno ‘Noynoy’ Aquino, who has put in place the most credible administration in a generation.
Mr Aquino has made genuine, if imperfect, efforts to tackle endemic corruption, to improve infrastructure and to crack down on tax evasion. The economy has grown fast, expanding for 58 straight quarters. In the first half of this year, it grew 7.6 per cent, bucking a downturn in much of the region and challenging China as the fastest-growing Asian economy. Read more
Free Syrian Army soldiers on the Turkish side of the Oncupinar crossing into Syria (Getty)
What to do when the nightmare next door shows no sign of coming to an end? That is the dilemma facing Turkey, perhaps one of the countries most troubled by the brutal civil war raging in Syria, with which it shares a 900km long border.
Consider the issues Ankara has to address: 600,000 Syrian refugees on Turkish soil, for now and the foreseeable future, dozens of deaths on the border, the rise of al-Qaeda in Syria, diplomatic strains, domestic political controversy and economic fallout.
So what do you do if you are a 76m-strong Nato member with serious ambitions to play a big role in the Middle East and beyond? A number of answers are emerging from Ankara: Read more