Hello! Here’s what you need to know on Friday.
1. FBI special counsel Robert Mueller looks like he’s setting up for a “large-scale series of prosecutions”. Mueller impaneled a grand jury in recent weeks and a former Justice Department official said “It likely means we are going to see a parade of White House staffers and other Trump associates coming in and out of the courthouse”.
2. Mr Bean’s Brexit. The UK seems so badly prepared for Brexit negotiations that some EU diplomats are starting to believe that it must be some form of elaborate trap.
3. RBS is setting up an HQ in Amsterdam to prepare for a ‘hard Brexit’. RBS will set up a new European headquarters in the Netherlands as part of a contingency plan to deal with a hard Brexit, the firm said in a statement to investors on Friday.
4. Islamic State sent bomb parts for a terrorist plot to blow up a plane in Australia. After four men were arrested over plans to blow up an Etihad plane leaving Sydney for Abu Dhabi, Australian police revealed today a senior Islamic State commander organised both the plan and for parts for the makeshift bomb to be sent from Turkey.
5. Bitcoin cash may be a house of cards that comes crashing down. Bitcoin cash launched on Tuesday, becoming the fourth largest cryptocurrency by market cap, following a much-anticipated fork in the bitcoin blockchain.
6. Fire ripped up through one of the world’s tallest residential towers, in Dubai. It was the second blaze at the 1,105 foot (337 meter)-tall, 79-storey Torch Tower in two years, forcing hundreds of occupants to flee as burning debris showered down the sides of the structure. There have been no reported injuries.
7.Uber knowingly rented cars that were at risk of catching fire to its drivers in Singapore. Honda recalled its Vezel SUV last year because it could catch fire — but Uber continued to lease the cars, according the WSJ. “As soon as we learned of a Honda Vezel from the Lion City Rental fleet catching fire, we took swift action to fix the problem,” an Uber spokesperson said. “But we acknowledge we could have done more.”
8. Citibank says earnings growth will be the most important part of today’s US payrolls report. US non-farm payrolls, arguably the most important economic report around the world each and every month, is out on today and the bank says the most important part of the July release will be average hourly earnings.
9. Neymar’s world record move from Barcelona to Paris Saint-Germain could become a major diplomatic row. PSG wants to activate the Brazilian’s €222 million (£198.5 million) buyout clause, but Spanish football officials blocked the transfer — and now the French are threatening legal action.
10. A rogue trader tells us what it feels like to secretly lose £360 million. Rogue trader Alex Stenfors lost $US456 million at Merrill Lynch at the height of the financial crisis.
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