- For Vladimir Putin, the decision to scrap the flagship $50bn South Stream project transporting gas across the Black Sea into Europe was a rare loss of face, but there is no clear victor in Brussels and Moscow’s battle of pipeline politics
- From police officer to revolutionary to Isis commander, the life and death of an Egyptian man who turned from pro-democracy activist to jihadi fighter reflects the unsettling course of the Arab revolts – and how their hope has turned to despair
- Famine, war with a neighbour and the blocking of its only access to the sea are among the risks outlined in Ethiopia’s prospectus for its debut sovereign bond, but yield-hungry international investors are undeterred
- Encouraged by their compatriots in Iraq but remembering past bloody uprisings, Iran’s population of 8m Kurds are pushing for equal rights and greater cultural recognition in face of Tehran’s opposition to federalism
- What does the decline in oil prices mean for the world economy? The answer depends on why it has happened and how long it might last, writes Martin Wolf
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