The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
South Africa's second quarter growth undershot economists' expectations in spectacular fashion on Tuesday, a clear signal emerging markets face torrid times.
Greek premier Alexis Tsipras is pinning his hopes on using an EU leaders summit in Riga with eastern European partners from Ukraine, Georgia, Azerbaijan and others to strike the broad outline of a cash-for-reforms deal to stave off default.
Greece sent an economic reform plan to its EU and IMF creditors overnight, according to an EU source, and euro zone finance ministers will this morning see the list which is a condition for extending the country's bailout programme by four months.
A long night of talks in Brussels and Minsk.
Despite going into the early hours of the morning, euro zone finance ministers failed to reach agreement on a way forward with their Greek counterpart and will try again on Monday.
EU foreign ministers hold an extraordinary meeting today after their leaders have asked them to consider possible new sanctions on Russia. A final decision to impose them is likely to be left to their bosses who meet in next month and again in March.
from India Insight:
The India cricket team's opening batsman Shikhar Dhawan has spent more time in the dressing room than the crease lately. The extended poor form of the left-hander, who saw a dream run with his batting back in 2013, is one of the major concerns as India embarks on a journey to defend their cricket world cup title.