There is a wonderful passage in Jonathan Swift’s “Gulliver’s Travels” about the war between Little-Endians in Lilliput and Big-Endians in Blefuscu over how to open a hard-boiled egg.

It would be extremely rude of me to suggest that the uproar in France about the proper use of the circumflex is in any way comparable to the goings-on in Swift’s satire. Read more

In the GOP race, Mr Trump remains ahead in the polls, but Marco Rubio, the Cuban-American senator, is closing the gap. The latest Boston Globe/Suffolk poll shows the New York property mogul with 29 per cent, compared to 19 per cent for Mr Rubio and seven per cent for Ted Cruz, the Texas senator who won the Iowa caucus. On the Democratic side, an average of recent polls compiled by Real Clear Politics finds Mr Sanders with a 17-point lead over Mrs Clinton. But treat the polls with caution given their record in Iowa and the fact that New Hampshire voters are notorious for making up their minds at the last moment.

The Democratic debate in New Hampshire last night was a feisty affair with Bernie Sanders attacking Hillary Clinton over her connections to Wall Street and her willingness to collect more than $200,000 a pop for speeches to financial institutions. The Vermont senator suggested that his rival would be in hock to rich people while his “political revolution” was being funded by campaigns from average Americans. But when the debate veered to foreign policy, he was no match for the former secretary of state. My colleagueCourtney Weaver has this story on the final Democratic debate before New Hampshire holds its primaries on Tuesday. Read more

​Hillary Clinton and Bernie Sanders are taking more shots at each other as the Democrats prepare to spar in New Hampshire tonight in their last debate (which you can watch for free) before the Granite State holds its primaries on Tuesday. The Vermont socialist senator accused the former New York senator of being close to Wall Street despite her vow to clamp down on financial institutions that are taking advantage of Americans.

“You’re looking at the guy who’s not just talking the talk when it comes to campaign finance – I am walking the walk,” Mr Sanders tweeted after reports about the amount of money his rival has raised from Wall StreetRead more

Welcome to the FT’s daily White House countdown newsletter, which we hope will keep readers on top of one of the most fascinating American elections in years. You can sign up to receive it by email here. Demetri Sevastopulo, Washington Bureau Chief

Yesterday we urged you to forget about Iowa and move on to New Hampshire. Donald Trump is clearly not reading (yet). After flying to New Hampshire on “Trump Force One” following his loss in Iowa, the billionaire wants everyone to return to the Hawkeye State to re-run Monday’s caucus because of alleged fraud by Ted Cruz. Read more

Britain’s referendum on the EU
David Cameron, Britain’s prime minister, announced the details of Britain’s draft deal to renegotiate its relationship with the EU – but where does that leave the debate? Gideon Rachman discusses with George Parker, UK political editor and Alex Barker, Brussels Correspondent

David Cameron is a gifted politician. He has a knack for sounding both reasonable and reassuring that, in another life, would have made him an excellent second-hand car salesman.

But the prime minister will need all his political skills to persuade British voters that the draft deal he has struck represents the fundamental change in the relationship between Britain and the EU that he once promised. Read more

The UK is a generous issuer of residence permits to Americans, Chinese and Indians

It is time to stop the panic-mongering and put Europe’s refugee and migrant crisis into a sensible perspective.

Across the 28-nation EU, some rabble-rousing politicians and hysterical media outlets are stoking public alarm that uncontrollable tides of migrants from non-white, often Muslim countries are swamping Europe. These migrants are depicted as instigators and perpetrators of terrorism, sex crimes, random murder and robbery.

Let me cite some data from an official EU report that throw a different light on the topic of migration into Europe. The data concern EU residence permits granted to non-Europeans. I confess that, when I saw the data for the first time, I was pretty startled. Readers may be surprised, too. Read more

Welcome to Week 2 of White House countdown, our new daily newsletter which we hope will keep readers on top of one of the most fascinating American elections in years. You can sign up to receive it by email here. Demetri Sevastopulo, Washington Bureau Chief

Remember Iowa? Well, forget Iowa. Just hours after Ted Cruz won the Iowa caucuses with a 27-24 victory over Donald Trump, the presidential contenders were already flocking to New Hampshire for the February 9 primaries. Mr Trump was certainly trying to forget Iowa. After an uncharacteristically long silence (20 hours) on Twitter, the billionaire re-emerged to spin the resultRead more

Donald Trump Holds Final Iowa Campaign Rallies On Day Of Caucuses

Ted Cruz, the firebrand Texas senator, has won the Iowa Republican caucus, delivering a big blow to Donald Trump, the New York property mogul who had dominated the GOP race for months. Hillary Clinton finds herself neck-and-neck with Bernie Sanders. The FT political team, led by bureau chief Demetri Sevastopulo, political correspondent Courtney Weaver, digital comment editor Sebastian Payne and chief US commentator Edward Luce are in Iowa for the race. This blog tracks them on the trail of the contenders, as well as FT correspondent’s and other social media and commentator reaction to the election, curated by US Online News Editor Emiliya Mychasuk. 

Welcome to Week 2 of White House countdown, our new daily newsletter which we hope will keep readers on top of one of the most fascinating American elections in years. You can sign up to receive it by email here. Thanks for reading. Demetri Sevastopulo, Washington Bureau Chief

DES MOINES – Donald Trump hopes his daughter Ivanka will have her baby (due in 2 weeks) today in Iowa. Chris Christie, the witty New Jersey governor, is entertaining diners at the Machine Shed restaurant with impressions of the former star of The Apprentice. Ted Cruz, the Texas senator, is coming under fire for circulating misleading leaflets which suggest that Iowan residents are engaging in “voter violation” for not participating in elections. The drama adds up to one thing – the Iowa caucuses that kick off the 2016 presidential election are here. Read more

By Gideon Rachman
David Cameron should hurry up and hold that referendum on British membership of the EU. If the UK prime minister does not get a move on, there might not be an EU left to leave.

This is the latest edition of LatAm Viva, our weekly newsletter on the continent. To receive it every Friday by email, sign up here.

Officials from the financing bodies may have headed to the Caucasus late this week for a possible emergency bailout, but they are also deeply concerned about some Latin American oil-producing countries. The list includes Brazil, now mired in its worst recession in more than a century, Ecuador, which has been mending ties with the Fund as its economy shrinks, and even Venezuela, where the IMF last set foot about a decade ago. But it is Venezuela’s dire economic crisis that has spurred default fears as the government, and state-owned oil company Petróleos de Venezuela (PDVSA), are running out of money to pay debts as crude prices continue to crash. (The country even owes $3m in annual contributions to the United Nations.) Analysts believe Venezuela can make good on some $2.4bn due next month, which will take every cent of its oil sales for January and February, but according to Barclays a “credit event” is on the cardsunless oil prices miraculously recover. Things are not looking good. While embattled President Nicolás Maduro has been unable to lure fellow Opec members to convene an emergency meeting to ramp up prices, Venezuela’s oil basket, which trades at a discount to global benchmarks because of its higher content of heavy oil, is trading at around $20 per barrel. Experts believe a Venezuelan default may spark a nasty Argentina-style battle with holdout creditors. Read more

Francois Hollande with Indian prime minister Narendra Modi on Republic Day in New Delhi

This week, François Hollande, the president of France became the latest world leader to visit Delhi and pay court to India’s prime minister, Narendra Modi. He is following in the footsteps of Barack Obama, Xi Jinping and Shinzo Abe – all of whom have paid official visits to India, over the past 18 months. Hollande’s visit was particularly productive because he managed to sign a deal to sell India 36 Rafale fighters. The desire to sell weapons to India – which is the world’s second largest arms importer, after Saudi Arabia – accounts for some of the international courtship of the Modi government. More important, however, is the sense that India will be one of the big global powers of the 21st century – and needs to be cultivated.

 Read more

Iowa Trump

It was the Trump event vs the everyone-but-Trump event. The 2016 Republican primary race entered uncharted territory, as the billionaire businessman continued to challenge all parts of the GOP establishment, including the Fox News outlet, traditionally courted by candidates as the most watched cable news channel in America, by holding his own event 3 miles away from the party debate in Iowa.

The FT US political team led by Demetri Sevastopulo and Courtney Weaver in Iowa tracked the action from the rival Trump event and Fox gathering, where the rest of the field of Republican candidates tried to stamp their mark on the race without the noise of the man who is usually the biggest voice in the room. The team was joined by US Online News editor Emiliya Mychasuk.

 

Iowa offers first test for US presidential hopefuls
After months of build-up, the Iowa caucus will offers US presidential candidates their first chance to get ahead. Gideon Rachman reviews the chances of the Republican and Democratic rivals with Courtney Weaver and Edward Luce.

Welcome to White House countdown, a new daily newsletter which we hope will keep our readers on top of one of the most fascinating American elections in years. We welcome your feedback. Thanks for reading. You can sign up to receive it by email here. Demetri Sevastopulo, Washington Bureau Chief

After months of rhetoric, debates, campaign rallies, polls and old-fashioned political brawling, the centre of gravity of American politics has moved to Iowa where voters will soon have their say. The 15 presidential contenders (12 Republicans and 3 Democrats) are making their closing arguments in the midwestern state which officially starts the 2016 race for the White House when it holds its caucuses on Monday, February 1. Read more

This is the Monday edition of our new Brussels Briefing. To receive it every morning in your email in-box, sign up here.

  Read more

By Gideon Rachman
The EU has faced two major crises over the past six months — one involving the euro, the other involving refugees. By coincidence, the same two countries are at the centre of both problems — Greece and Germany. Last summer, Germany almost forced Greece out of the euro, rather than agree to the EU lending further billions to the Greek government. Now, Germany is reeling under the impact of the arrival of more than 1m would-be refugees, most of whom have entered the EU through Greece.

Vladimir Putin at a regional security summit in Tajikistan in September

It emerged this month that Tajikistan’s authorities had forcibly shaved the beards of almost 13,000 men last year as part of their grim struggle to stamp out militant Islam. But the big problem for Tajikistan and the rest of Central Asia in 2016 will not be beards. If the predictions of various western and Russian specialists are accurate, it will be the contribution of Russia’s economic troubles to religious radicalisation in the region. Read more

This is the Friday edition of our new Brussels Briefing. To receive it every morning in your email in-box, sign up here.

At the height of the eurozone crisis, it almost seemed on Brussels summit days that the EU gathering itself was not the most important meeting in town. Many focused instead on the pre-summit gathering of Europe’s centre-right political family, known as the European People’s party (EPP)Read more