City of London

  • 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.

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Gideon Rachman

While it must be tempting for Cameron to score cheap points off the French government and to lecture the Germans, it is also distinctly ill-advised, argues Gideon Rachman Read more