IAEA inspectors at Natanz nuclear power plant earlier this year
It all seems so simple: Iran’s aggressive expansion of its – officially – civilian nuclear programme has brought it within months of being able to enrich enough uranium to make an atomic bomb. The world has punished the Islamic republic with sanctions and now nobody is happy. So, as per an agreement last November called the Joint Plan of Action (JPOA), the world’s big powers (the five members of the UN security council plus Germany, or P5+1) want to reduce Iran’s bomb making potential – the so-called breakout time – in return for sanctions relief.
Briefly put: the P5+1 want Iran’s breakout time to go from under 6 months to at least 12. Iran wants to export its oil and use the world’s banking system. And there the simplicity ends.
Beyond the stated goals is a fiendishly complex jigsaw of negotiating positions, all complicated by questions of transparency and trust. Below is an outline of some of the technical terms that may help to understand what is being discussed. Read more
• The FT continues its Fragile Middle series with a look at how one in five Chinese are only one pay packet away from losing middle class status.
• War has created civilisation over the past 10,000 years – and threatens to destroy it in the next 40.
• Turkey‘s social media curbs are darkening prospects for its technology sector.
• Despite the undue frostiness that has greeted Iran’s nuclear spring, politicians and diplomats are convinced Tehran wants a deal.
• It took just four years for Kim Yong-chul to go from chief lawyer at Samsung to working in a bakery. Now the most high-profile whistleblower in South Korean history is back in the spotlight.
• China is unlikely to have a Lehman-style moment – but danger is lurking in the shadows. Read more
♦ In the new cold war, Russia could hit the US where it hurts – in Iran.
♦ Vladimir Putin has confounded three US presidents as they tried to figure him out.
♦ The decision in Egypt to hand the death sentence to 528 Muslim Brotherhood members was widely condemned, but Egyptian TV told a different story.
♦ The US is losing its edge as an employment powerhouse after its labour participation rate fell behind the UK’s.
♦ Russia’s actions in Crimea have sent a chill through its former Soviet neighbours in Central Asia and the Caucasus.
♦ American economist Hyman Minsky is back in vogue as his ideas offer a plausible account of why the 2007-08 financial crisis happened.
♦ A report on how former Tunisian president Zein al-Abidine Ben Ali changed the rules of business underlines the challenges still facing the country. Read more
Simply by coming to the World Economic Forum, President Hassan Rouhani of Iran is sending a message. He is the first Iranian president to have spoken in Davos for a decade. In a public speech at the forum and in private meetings with journalists, the president has sought to present a smiling and conciliatory face.
Certainly his personal style is a marked contrast to that of Mahmoud Ahmadi-Nejad, his predecessor. While Ahmadi-Nejad was all staring eyes and confrontation, Rouhani has a ready laugh and listens carefully to questions. Read more
Courtesy of FastFT:
Iranian president Hassan Rouhani is giving a high-profile keynote address at the World Economic Forum in Davos, Switzerland on Thursday. Read more
♦ Cronyism is being blamed for the slow pace of reform in Ireland.
♦ An AP investigation reveals that a US citizen who went missing on a private business trip to Iran actually had ties to the CIA and was on an unapproved mission.
♦ Bill Keller at the New York Times mulls over negotiations with Iran: “For the moment, our hard-liners pose a greater problem than Iran’s.”
♦ Egyptians are outraged that General Abdel Fattah al-Sisi was not Time’s person of the year. Read more
♦ The Volcker rule is contentious, but it is not the knockout blow some people had expected.
♦ The economically sensible wing of the US Republican party doesn’t exist, says Paul Krugman.
♦ Iran and Israel have paid tribute to Mandela, while choosing to remain a safe distance from the memorial.
♦ Marc Lynch explains why nobody in the Middle East deserves to be on the Foreign Policy Leading Global Thinker list this year.
♦ After cracking down on the Muslim Brotherhood, Egypt’s interior ministry has turned its attention to the activist community of journalists, non-Islamists and students.
♦ The Australian speaks to a mother in Iraq who is waiting for her son’s execution to be announced after a “hanging day”. Read more
By Luisa Frey
• Back-channel conversations between the US and Iran paved way for the historic nuclear agreement and broke 34 years of hostility, writes the FT’s Geoff Dyer. Read more
By Luisa Frey
♦ Instead of euphoria, relief swept through Tehran after the reach of a historic deal over Iran’s nuclear programme. Although the agreement is an interim one, Iran now hopes for an end to its isolation and the revival of its economy. But the FT’s David Gardner comments that sceptics will want proof Iran is becoming ‘a player for peace’ – “given Tehran’s record, it could hardly be otherwise”. Read more
For the last seven years, Iran and world powers have been engaged in seemingly endless negotiations over whether the Iranian nuclear programme could be curbed. After each failure, diplomats and journalists ended up wondering whether diplomacy would ever prevail – or whether Iran would end up either getting the nuclear bomb or being bombed.
But this autumn three factors came into play to make this the moment when a landmark deal needed to be agreed – and when the years of deadlock and obfuscation needed to come to an end. The agreement, hailed as a historic moment, has halted further progress on the nuclear programme in return for a modest lifting of international sanctions. Read more
The twin blasts that devastated Iran’s embassy in Beirut this morning mark a new and menacing stage in the spillover of Syria’s civil war into Lebanon – just as a major battle is getting underway in the Qalamoun hills bordering the two countries. Read more
By Luisa Frey
♦ Typhoon Haiyan should remind us of something basic: the Philippines remains an extremely poor country, says David Pilling.
♦ Brazilian President Dilma Rousseff’s requirement that online information concerning citizens to be kept within the country sparks furore, writes the FT’s Brazil correspondent Joseph Leahy.
♦ The EU is trying to gather six former Soviet states in its Eastern Partnership programme. Ukraine, the centre of attention, could face Russia’s retaliation if joining.
♦ In an Iran hobbled by sanctions, organization Setad provides an independence source of revenue and patronage for Supreme Leader Ayatollah Ali Khamenei, reports Reuters.
♦ John Kerry’s Saturday-night meeting with his counterpart Laurent Fabius was a late turning point in three days of intense talks about a deal on nuclear Iran, according to The Guardian.
♦ In China, dozens of couples travelled to the birthplace of Mao Zedong to participate in a collective wedding. This comes amid growing divisions over how to define Mao’s legacy ahead of the 120th anniversary of his birth, reports Sinosphere, The New York Times’ China blog.
♦ The mystery surrounding recently discovered masterpieces stolen by the Nazis reveals much about Germany’s attempt to deal with its past, writes Spiegel Online. Read more
By Luisa Frey
♦ Many Iranians were disappointed after the recent failure to reach a nuclear deal, but instead of the country’s chief nuclear negotiator, Mohammad Javad Zarif, they are blaming France.
♦ This year’s Ashura celebrations look different in Beirut. Alongside the traditional tributes to the Prophet Mohammed’s grandson Hussein, posters show young men killed in Syria’s civil war.
♦ It is estimated that 48,000 people are missing in Syria – victims of forced disappearances, massacres and executions. DNA advances are now helping to identify bodies from mass graves and bring warlords to trial, says a special report from The Guardian.
♦ In Europe, Poland struggles to break its dependency on coal power. One of Europe’s most coal-reliant economies, the country is a rather unlikely host for this week’s UN meeting on climate change.
♦ If ECB does not act, the euro risks resembling the yen of the 1990s and 2000s, says Mansoor Mohi-uddin, managing director of foreign exchange strategy at UBS.
♦ In China, population aging has not only social outcomes, but also affects economic performance and the country’s international competitiveness, writes Yanzhong Huang, a senior fellow for global health at the Council on Foreign Relations. Read more
Catherine Ashton, EU foreign policy chief, and Mohammad Zarif, Iran's foreign minister, ahead of talks in Geneva, November 7. Getty.
As Iran and world powers hold a new round of talks in Geneva on Tehran’s nuclear programme, western diplomats have one immediate goal in mind. They want Iran to call an immediate halt to further progress in the nuclear programme so that time can be found next year for a comprehensive solution to the stand-off with the west.
The first round of talks in Geneva last month between Iran and six world powers – the US, France, Britain, Germany, Russia and China – went well. Iran suggested it was looking to try and sign a comprehensive deal at some point in 2014 that lifts the full raft of international sanctions while setting out constraints on its nuclear activities.
But as they start negotiating over this hugely complex deal, western diplomats fear time is not on their side. Their concern is that while everyone is talking in Geneva, Iran is developing its nuclear programme on the ground at a speed which they believe is alarming. Read more