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JOSH DE LA MARE: Welcome to the world in 60 seconds from First FT. BNP Paribas, France's biggest bank, said it will invest 3 billion euros in digital technology over the next three years to reflect changes in client behaviour. The digital focus will allow BNP to close branches and cut jobs, helping it cut costs at a time of low interest rates. The bank has outperformed most of its European rivals, with its shares rising 44% over the past year.
The Israeli Knesset has passed a law to retroactively legalise 55 Jewish settler outposts, some privately owned Palestinian land in the occupied West Bank. Israeli and Palestinian critics warn the law as a de-facto annexation of parts of the West Bank and can leave Israel open to future prosecution for war crimes. The bill may still be struck down as unconstitutional.
And the speaker of Britain's parliament has barred Donald Trump from addressing the House of Commons during his forthcoming UK state visit. John Bercow said he was strongly opposed to the US president's addressing the chamber, because of his racism and sexism. Members of the ruling Conservative Party have criticised Mr. Bercow saying he should remain impartial over such invitations. There will be more stories at ft.com/firstft.
