• The Senate intelligence committee on Tuesday released its long-awaited report into the CIA’s use of torture in the aftermath of the 9/11 attacks. Here are five key findings
  • Retail businesses in Russia that built empires selling imported goods and foreign holidays to affluent Russians are now struggling to adjust amid a 40% drop in the rouble and a looming recession
  • The safety of Indian women is in the spotlight once again after a driver of the ride-hailing app Uber raped a 25-year-old in New Delhi, leading to calls for the service to be banned
  • The striking thing about Japan’s election is that nobody is able to articulate a different course to Abenomics, despite Mr Abe’s falling popularity and public opposition to his economic plan
  • Drunken and boorish behavior, cellphones, crying children and reclining seats have all led to episodes of flight rage. But a bag of macadamia nuts? (New York Times)

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The Senate Intelligence Committee is releasing a long-awaited report on the CIA’s use of interrogation tactics, including torture, in the wake of the 09/11 attacks in the US.

The Committee, chaired by California Democrat Dianne Feinstein, is publishing an executive summary of the nearly 6,000 page report, which will provide new, and damaging, details about the use of so-called “enhanced” interrogation techniques in the fight against terrorism.

Although President Barack Obama’s administration has vowed to be transparent about the report’s conclusions. the timing of its release has proven controversial, with US military around the world braced for violent backlash and Republican critics claiming it will damage American interests.

We’ll be posting key excerpts from the report and reaction as we go through it.


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By Gideon Rachman

Political analysts often use chess as a metaphor to describe world affairs. States and peoples move around the board struggling to make incremental gains. Every now and then, a grandmaster arrives and transforms the game with a new and unexpected gambit – something like Richard Nixon and Henry Kissinger’s “opening to China” in 1972.

• Syria’s young girls are facing assault, early marriage and being forced into prostitution as the refugee crisis spirals. The IRC, selected by the FT for its 2014 seasonal appeal, is seeking to protect and empower them

• A motley crew of ex businessmen, academics and pro-Russia activists has seized control in Ukraine’s rebel republics Read more

Gideon Rachman

After a frenetic period of travel involving 10 separate trips overseas in the past three months, I am trying to catch my breath, shake off the jet lag and make sense of what I have seen. Leaving aside the big geopolitical themes, one tentative conclusion I have reached is that world leaders and hotel lobbies do not mix.

This first struck at the Ritz Hotel in Madrid as I waited to greet Mariano Rajoy, the Spanish prime minister, who was the guest-of-honour at the FT’s Spain Summit. On one side of the lobby was a bank of photographers and TV crews. I was standing on the other side with a couple of FT colleagues and the hotel management. Rajoy’s limo drew up and we could see him and his entourage heading towards the entrance. Just at that moment, a party of elderly Americans came out of the lift, clad in their trademark tracksuit bottoms and fluorescent visors, and began to totter across the lobby, demanding loudly, “Where’s the coach?” The hotel manager froze — torn between the desire to shove the Americans out of the way and his duty to be courteous. He just about pulled it off but it was a close-run thing. Read more

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John Aglionby

The European Central Bank, as expected, left its benchmark lending rates unchanged on Thursday. Eyes now turn to the monthly press conference of ECB President Mario Draghi to see how close policy makers are to embarking on a full scale programme of quantitative easing. Mr Drahgi starts at 13.30GMT and usually speaks and takes questions for an hour.

By Ralph Atkins and John Aglionby.


Claire Jones

Forget about the European Central Bank’s decision on interest rates at 12.45 GMT: policy makers will almost certainly leave those untouched.

Instead, pay attention to what Mario Draghi says at the press conference that follows at 13.30. The ECB president’s promise to tackle low inflation “without delay” has raised hopes that policy makers are close to a decision on extending its bond buying from asset-backed securities and covered bonds to include corporate and sovereign debt. A few expect action as early as today, largely in the form of more corporate bond buying. Most don’t think anything will happen until the new year.

Here are four things to watch for at today’s press conference.

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