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  • Welcome to The World in 60 Seconds from FirstFT.

  • Donald Trump has named his son-in-law as his senior advisor.

  • Jared Kushner will become one of the most powerful figures in the Trump White House.

  • The role doesn't require senate confirmation,

  • and then a bit conformed with anti-nepotism law,

  • Mr. Kushner will not draw a salary.

  • Critics say the appointment to family members

  • raises questions about conflicts of interest.

  • Snap, the company behind Snapchat, has based its international headquarters in Britain.

  • All sales made outside the US will be booked in the UK,

  • setting it apart from other US tech companies,

  • which have made their European base in countries with lower tax regimes.

  • The messaging startup which plans to go public this year,

  • cited the strengths of UK creative industries as a reason for the move.

  • And the British Pound has continued to slide in value against the Dollar and the Euro,

  • a day after it dropped to its lowest level in two months.

  • 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",

  • which would see it leave Europe Single Market.

  • There'll be more stories for you at FT.com/FirstFT

Welcome to The World in 60 Seconds from FirstFT.

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B1 INT UK FinancialTimes snap kushner trump son jared kushner

Trump’s son-in-law, Snap opts for UK HQ | FirstFT HD

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