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Welcome to The World in 60 Seconds from FirstFT.
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Donald Trump has named his son-in-law as his senior advisor.
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Jared Kushner will become one of the most powerful figures in the Trump White House.
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The role doesn't require senate confirmation,
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and then a bit conformed with anti-nepotism law,
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Mr. Kushner will not draw a salary.
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Critics say the appointment to family members
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raises questions about conflicts of interest.
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Snap, the company behind Snapchat, has based its international headquarters in Britain.
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All sales made outside the US will be booked in the UK,
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setting it apart from other US tech companies,
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which have made their European base in countries with lower tax regimes.
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The messaging startup which plans to go public this year,
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cited the strengths of UK creative industries as a reason for the move.
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And the British Pound has continued to slide in value against the Dollar and the Euro,
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a day after it dropped to its lowest level in two months.
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The drop came after the prime minister Theresa May made comments that appear to signal the UK could be heading for a so-called "hard Brexit",
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which would see it leave Europe Single Market.
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There'll be more stories for you at FT.com/FirstFT