The 10 most important things in the world right now

Hello! Here's what you need to know on Wednesday.1. US President Donald Trump's team had plenty of talks with the Russians. It wasn't just former National Security Adviser Michael Flynn, who resigned yesterday. Intercepted calls allegedly show the Trump campaign had multiple contacts with senior Russian intelligence officials before the election, which makes the scope of suggestions by Congress Republicans for a probe into Flynnsuddenly much trickier.2. The EU Commission has killed off Britain's hopes of sealing separate bilateral deals with other EU countries while it negotiates the terms of Brexit.3. Deutsche Bank thinks the pound could fall by another 16%.The pound's post-Brexit vote downturn could benowhere near done yet.4. It could be the end for Japanese conglomerate Toshiba. Losses on its Westinghouse nuclear energy business led to forecasts of a full year 712.5 billion (7 billion) writedown and the resignation of chairman Shigenori Shiga. That means negative shareholder equity of 150 billion (1 billion) when Japan's financial year ends in March.5. Federal Reserve Chair Janet Yellen thinks restricting immigration would have a negative impact on the US economy. "Immigration has been an important source of labour force growth. So slowing the pace of immigration probably would slow the growth rate of the economy," she said.6. Yellen also said that waiting too long to raise interest rates is "unwise" and could cause a recession. The Fed has indicated that there could be three rate increases in 2017.7. Australia's biggest bank made another record profit. The Commonwealth Bank made $4.91 billion (3.02 billion) in six months to Dec 2016, but its CFO warned rising populism shows times have changed and companies need to adapt.8. Russia secretly deployed nuclear cruise missiles that violate a treaty with the US. The missiles have a range that would allow Russia to hit European capitals from its homeland. Meanwhile, Russia denies US claims that Russian jets also came close to a US Navy destroyer in the Black Sea.9. Kim Jong Un's half brother has been murdered in Malaysia. It's not yet clear how Kim Jong Nam was killed after falling in at Kuala Lumpur airport, however the US suspects North Korean agents were involved.10. Australian pizza chain Domino's is becoming a global powerhouse. The company, which also operates in Europe and Japan, posted a record profit, up 32.5%, after selling more than $1.16 billion (710 million) of pizza globally last year.And finally These are the watches worn by some of the most powerful men in finance.Join the conversation about this storyNOW WATCH: Harvard economist Rogoff explains why he is so optimistic about the economy under President Trump
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