After watching their fortunes nosedive over the past year on the back of Russia’s annexation of Crimea and adventures in eastern Ukraine, Russia’s oligarchs caught a break on Friday night: a free meal on Vladimir Putin. Read more
In our Reporting Back series, we ask FT foreign correspondents to tell us about a recent trip. Katrina Manson, the FT’s east Africa correspondent, tells us about her visit to Juba, the capital of South Sudan.
A year after civil war ignited in South Sudan, peace talks are continuing, with little prospect of a lasting deal. I went to Juba to mark the December anniversary of the start of the war and to find how the capital of the world’s newest country is coping, and also to see the work of the International Rescue Committee, the FT’s partner for this year’s seasonal appeal.
What impression did you take away about the situation on the ground?
Billboards across Juba honour those who gave their lives for South Sudan’s freedom – the country seceded from the Khartoum regime to the north in 2011 after decades of fighting. “Your freedom is the price of our blood,” says one. Others evoke unity: “We are many tribes, but one nation; We need each other to build a strong and united country.”
But they look like sorry prophecies. The civil war sparked by a political and military fallout last December quickly set ethnic groups against one another in five of the country’s 10 states. Residents of the ethnically mixed capital now live in an atmosphere of mistrust. Read more
Which of the eurozone’s 18 member states will be the weakest performing economy in 2015?
Italy, which has recorded no economic growth since 1999? Cyprus, which is still reeling from its financial sector collapse in 2012-13? Or some other hard-pressed southern European nation? No. In all probability, the sick man of the eurozone will be Finland.
The Finnish economy is in its third consecutive year of contraction. Any growth in 2015 will be not much bigger than a snowflake. The country will hold a general election in April. The question is whether the dark outlook will benefit The Finns, a populist-nationalist party which was known as the True Finns when it shocked Europe by coming third in the 2011 election with 19 per cent of the vote. Read more
By Gideon Rachman
What should western politicians be most worried about: growth, inequality, the environment, education? To judge from today’s discourse, the answer seems to be none of the above. Instead, in the past month, both Barack Obama, US president, and David Cameron, UK prime minister, have made big speeches on immigration. At the weekend Swiss voters rejected a proposal virtually to end the flow of incomers to their country. But anti-immigration parties have made strong gains in a variety of other European nations, including Sweden and Italy, in the past year.
All smiles: foreign ministers of the six world powers at the nuclear talks in Vienna. Getty
The failure to meet this week’s deadline for a definitive nuclear deal between Iran and the so-called P5+1 (the US, UK, France, Russia and China, the permanent members of the UN Security Council, plus Germany) is ominous. True, the negotiations, already extended once after the interim agreement a year ago, have been given a new deadline of June next year. But musings of the glass half full, glass half empty variety under-represent just how difficult it will be now to close a deal, and how much is at stake if this chance to bring the Islamic Republic in from the cold slips away. Read more
Another week, another sign of political upheaval in Spain.
Monday brought a fresh poll showing that Podemos, the upstart anti-establishment party, is now the most popular political movement in the country. The survey, published in the El Mundo daily, gave Podemos 28.3 per cent of the vote, two points ahead of the ruling Popular party and more than eight points ahead of the opposition Socialists. Not bad for a party founded just 10 months ago by a group of political scientists
It was not the first time that the new party has come first in an opinion poll. But the latest survey made clear that the Podemos surge is no statistical aberration. Fuelled by wide-spread disdain for Spain’s political class and a festering social crisis, the new party appears to be on course to shatter Spain’s established two-party system – and render any prediction as to who might govern the country after next year’s general election obsolete. Read more