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By Gideon Rachman
At the beginning of the year, I gave a talk about “geopolitical risk” to a big conference of investors. I trotted briskly around the course: Russia, the Middle East, the South China Sea, the eurozone. Afterwards, I was having coffee with one of the other speakers, a celebrated private-equity investor, and asked him how much he thought about geopolitical risk.
- Turkey is tightening its southern borders in a bid to prevent jihadi fighters crossing into Syria and Iraq and to clamp down on oil smuggling.
- Volunteers are wanted for urgent trials into Ebola vaccines as big pharma steps up efforts to tackle the virus that has killed more than 1,900 people in west Africa.
- The cleric and the cricketer leading protests in Pakistan claim to be champions of democracy, but their speeches and actions suggest the opposite, argues Victor Mallet.
- What is the best course for US foreign policy? Intervention or isolation? Four writers debate.
- Music and dance offer an escape and a lifeline in the Democratic Republic of Congo, one of the world’s least developed countries
- An FT visit reveals how burgers and BMWs highlight the rise of a private economy in communist North Korea
- Ahead of its most important summit for 20 years, Nato’s members are divided on how to respond to Russian aggression in Ukraine
- The Huffington Post looks at how people in the Middle East are lampooning Isis‘ reign of terror with satirical comedy and social media gags
Barack Obama’s decision to move back into the maelstrom of Iraq, from which he withdrew in 2011 after solemnly pledging to extricate US forces once and for all, would clearly not have been taken lightly.
Little under a year ago, after all, the president baulked at the last fence on Syria, declining to punish the Assad regime for nerve-gassing its own people – crossing a red line he had chosen to single out as inviolable. That was the wrong decision, and it is worth a moment to remember why. Read more
The Gaza strip was not the only place where civilians were suffering and dying last week. There were (and are) several other lethal conflicts underway. Take the fighting in eastern Ukraine. The current edition of The Economist reports that: “Ukraine’s offensive already seems to have featured pretty indiscriminate use of artillery. By July 26th 1,129 people had been killed in eastern Ukraine, 799 of them civilians, the UN has reported … shells have already begun falling in the centre of Donetsk: the potential for things to go lethally wrong is great.”
Civilians are also dying in large numbers in Iraq. Just yesterday over 50 people were killed in car bombs in Baghdad, while 60 were killed in an Iraqi government air-strike aimed at a Sharia court, set up by Isis in Mosul. Read more
The call this weekend by bishops of the Church of England for the UK to grant asylum to the Christians driven out of the northern Iraqi city of Mosul by the jihadi fanatics of the Islamic State of Iraq and the Levant, known as Isis, seems instinctively right. As the Right Reverend David Walker, Bishop of Manchester, observed: “this is, in part, our mess”.
“We have created the space in which Isis have moved in and have expelled Christians from northern Iraq and would like to expel them from the whole of that country,” he told the BBC. Read more
At Baghdad airport, the creeping sense of dread is apparent. As harried passengers are ferried between multiple searches, drivers of the black SUVs chartered to take them into the ultra-secure facility from a boarding point outside the airport are nervous. Read more
Has Qatar’s luck run out? Just a year ago the small, rich Gulf state was at the top of its game, well on its way to establishing itself as a regional political and global financial force.
Splashing its gas-fuelled wealth across the globe it accumulated a multibillion-dollar portfolio of assets, and spread its influence in an Arab world in turmoil, setting itself as the champion of rising Islamist powers.
So confident was its emir of his own standing that in June 2013 he abdicated in favour of his son, in an attempt to demonstrate that Qatar is the most progressive among Gulf states stubbornly attached to the status quo.
- Borzou Daragahi reports on how the violence in Syria, Iraq and Lebanon is merging into a single sectarian war whose Shia and Sunni protagonists are receiving support from regional powers “amid a dizzying and ever-changing cast of militia leaders, jihadi adventurers, sectarian politicians and rogue gangs dressed up as political groups”.
- As for the conflict in Ukraine, Courtney Weaver discovers that dozens of Chechen fighters have joined pro-Russian separatists in the east of the country, claiming to have been ordered there by Chechen leader Ramzan Kadyrov. “They’ve killed one of our guys and we will not forget this,” said Magomed, a 30 year-old Chechen fighter with a wolf tattooed across his chest. “We will take one hundred of their lives for the life our brother.”
- On the European front, “the outcome of the European elections (at home and elsewhere) paves the way for Italy to play an active role in Europe,” says the Bruegel think-tank as it chews over the success of Matteo Renzi and the Democratic party. But now that Renzi has a mandate, “Italy should play a role and put itself forward as a decided leader in the project of more European integration.”
- One for a quiet moment and a cup of coffee: The Guardian has gone deep into “enemy territory” and produced an outsider’s guide to the City of London. “I am trying to understand the culture of the City; to find out whether those who work there have learned the lessons of the crash of 2007-08, and if the City can ever be made ‘disaster proof’,” writes Stephen Moss.
- On that note, Martin Wolf ponders the crisis-prone nature of capitalism and asks what governments must do to minimise the damage without having to resort to the comprehensive measures needed after the last crash.