Belarus replaces prime minister and top officials

Bank chief, economics and industry ministers replaced

Saudi Arabia’s short-term oil price play

Cheaper crude is a holiday gift for consumers that is unlikely to stay

Michael Aronstein
©Pascal Perich

Star fund manager of 2013 falls to earth

Michael Aronstein’s fund drops 13% and faces redemption requests

US, S Korea and Japan in intelligence pact

Trilateral deal to share information on North Korean threat

Remembering Christmas 1979 in Afghanistan

We should give some thought to how easily we intervene — but also to how badly we rebuild nations

Pakistan and Iran reach gas agreement

Islamabad convinces Tehran not to enforce ‘take or pay’ obligation

Jordanian warplane downed in Syria

US confirms crash of F-16 and capture of a pilot by Isis

Crimea hit by blackout amid electricity crisis

Ukraine blames peninsula for exceeding consumption

EM debt funds: the bonds that tie

Despite growing risks, outflows have been limited

Tribal militants kill 48 in India’s Assam

Separatists launch attacks in retaliation for offensive against them

Big revision to US GDP data lifts dollar

S&P 500 closes at record high

China’s lenders can aid regional growth

Outbound flows of direct investment have overtaken inflows

Drinks industry: Low spirits

A tough year for big name players in the global market

Al Jazeera unit that angered Egypt closes

Affiliate accused of bias toward Muslim Brotherhood to reopen only with Cairo’s approval

Global finance recovers after rouble rout

Economic crises have had less impact than 1998 default

Eurasian unity strained as bloc expands

Kyrgyzstan signs agreement to join Moscow-led economic union

ITE deal cuts Russia dependence

Exhibitions company buys trade show operator Breakbulk for $42m

Rout of the rouble hits Thai tourism

A new economic crystal ball for EM gazers

The bb Christmas skit: Putin and the Brussels sprouts

Africa celebrates its elders

The continent would appear to be more caring than its former colonisers, writes Michael Holman

Berlin backs push for Russia security talks

OSCE hopes initiative helps to build bridges with Moscow

Oil fall adds to ECB’s deflation worries

Bundesbank conservatism constrains ability to address problem

Development aid: ’tis the season to be cutting

The pressure to maintain and increase aid spending in future years many be hard to sustain

Putin ally warns Russia faces real crisis

Comments from Alexei Kudrin come as central bank props up midsized lender

A federal cure for a shattered Middle East

The ultra-centralism of the Arab security state is a recruiting sergeant for Isis

Russia’s ills spread around the region

Strain shows politically and economically in former Soviet Union

From Putin’s parallel universe the crisis looks bright

The president will see an opportunity to tighten his grip

Rouble rebounds after oil strengthens

Analysts warn that Russian currency’s rise could be shortlived

Hello 2015: a make or break year for Mexico’s Peña Nieto

China and Africa: two-way trade

To sustain overseas interest, African capital markets will have to grow

Hello 2015: no hard landing for China

Nigerian consumer goods: luxury prices

Despite the potential it may be too early to get excited

Nigerian oil & gas: crude challenges

The US snub shows dangers of a petro-economy

Russia to introduce export tariff on grain

Move aimed at preventing price volatility and shortages

China has gifts but no guilt at Christmas

Far more Chinese celebrate the tradition than believe in it

Iran will not seek diplomatic ties with US

Negotiations with America on Tehran’s nuclear programme stand alone, says top security official

China property rules to aid graft purge

Unified registry will help stop corrupt officials stashing wealth

South Korea’s SMEs struggle to compete

North Korea threatens attacks on US

Pyongyang warns of strikes in retaliation for ‘recklessly’ spreading rumours about alleged hacking