1. Theresa May has criticised Donald Trump’s decision to recognise Jerusalem as the capital as Israel, calling the provocative move “unhelpful in terms of prospects for peace in the region.” The status of Jerusalem is hotly disputed, with both Israel and the Palestinian Authority laying claim to the city as their capital. Every other country does not recognise it as the capital of Israel, and instead base their embassies in Tel Aviv.
2. Britain will guarantee rights for as yet unborn children who join EU parents after Brexit and accept EU judges’ rulings on such rights, according to a draft European Parliament resolution seen by Reuters on Thursday. The document, drafted on Monday for a vote next week before an EU summit that may launch talks on a future EU-UK free trade pact, also confirms that British Prime Minister Theresa May has secured agreement from Brussels that British citizens in the EU will be able to live freely in any member state after Brexit.
3. Bitcoin briefly passed the $US14,000 mark a short time ago – marking a gain of more than $US2,000 in the last 24 hours.Prices on Coinbase – one of the largest US trading platforms – hit a high of $US14,344.22 during overnight trading in Asia and Australia.
4. Mobile money transfer service WorldRemit has raised $US40 million (£29.7 million) from LeapFrog Investments and existing investors Accel Partners and Technology Crossover Ventures.WorldRemit announced the “Series C” fundraising on Thursday. It takes the total raised by the London-headquartered company to $US220 million (£163.8 million).
5. The average first-time buyer deposit in London could soar to an eye-watering £250,000 within a decade, according to new research from broker L&C Mortgages.The firm said average deposits in the capital could rise from £140,000 this year to £245,000 by 2027, which represents a 75% rise. Nationally, average deposits could rise from £52,000 to £81,000 in the same period, nearly a 60% rise.
6. Global investment banks are going to see their revenues in Europe chopped by $US4.4 billion from the new financial reforms that start to go live in January, according to a new report. Trading desks will bear the brunt of the losses. Banks generate about $US170 billion in revenues from corporate and investment banking (CIB) operations in Europe, the Middle East, and Africa region – EMEA – but the broad and complex European regulatory reforms known as MiFID II are expected to trim that figure by 2.6%, according to Coalition, an industry analytics and consulting firm.
7. A U.S.-based Volkswagen executive who oversaw emissions issues was sentenced to seven years in prison and fined $US400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as $US30 billion. The prison sentence and fine for the executive, Oliver Schmidt, were the maximum possible under a plea deal in August the German national made with prosecutors after admitting to charges of conspiring to mislead U.S regulators and violate clean-air laws.
8. A majority of Leave voters believe that the UK government is handling Brexit talks badly and will end up with a bad deal according to new research published today. A new report by pollster John Curtice for the National Centre for Social Research and What UK Thinks has found that while those who voted Brexit last year still believe they made the right decision, there has been a sharp increase in pessimism among them about how the negotiations are going.
9. President Vladimir Putin confirmed Russia’s worst kept political secret on Wednesday, saying he would run for re-election in March 2018 – a contest he seems sure to win comfortably and extend his grip on power into a third decade.Putin, 65, has been in power, either as president or prime minister, since 2000, longer than veteran Soviet leader Leonid Brezhnev and outstripped only by dictator Josef Stalin.
10. North Korea said the US is making war unavoidable. In yet another round of threats, North Korea said this week’s joint US-South Korea aerial drill is a “dangerous provocation.”
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