US to rush Patriot missiles to Ukraine as Pentagon builds up support: Move comes as Biden administration begins parcelling out funds unlocked by Congress this ...
ft.com/content/bfd54fd8-de16-4a5a-97e7-14c701e9520f
The Anglosphere has an advantage on immigration: English-speaking countries generally do better at both attracting and integrating talent
ft.com/content/c6bb7307-484c-4076-a0f3-fc2aeb0b6112
Women control an increasing amount of the world’s wealth but are not investing at the same rate as men, as wealth managers try to tailor their services in what ... Show more
Advisers tailor their services as women grow richer
Advisers tailor their services as women grow richer
Europe faces ‘mortal’ threat, says Emmanuel Macron: French president calls for huge investment push and EU reforms in Sorbonne speech
ft.com/content/01a0657c-ed25-4d7b-add6-568dcc6907f9
Quick Glance: Macron Calls for Stronger European Defense
- Macron urged Europe to adopt a credible defense strategy less dependent on the US.
- He warned that Europe was not adequately prepared to face global threats like Russia's war in Ukraine.
- Emphasizing European sovereignty, Macron called for autonomy in defense and the economy.
- He advocated for a revision of EU trade policy, prioritizing European suppliers for military equipment.
China warns US of rising ‘negative factors’ in bilateral ties: World is watching to see if rivalry will ‘break out into conflict’, foreign minister Wang Yi tells ...
ft.com/content/246c9e16-1dc9-432d-990c-11660f9c7d56
AI could kill off most call centres, says Tata Consultancy Services head: Chatbots will soon take over much of the work of human agents, forecasts chief of ...
ft.com/content/149681f0-ea71-42b0-b85b-86073354fb73
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
China warns Antony Blinken US must choose between ‘co-operation or confrontation’
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Quick Glance: Xi and Blinken Clash Over China's Backing to Russia
- Xi orders China’s biggest military reorganisation since 2015.
- He emphasizes that China is not afraid of competition as long as it is based on common progress.
- China is willing to cooperate with the US, provided it is mutual.
- A five-point consensus was reached to stabilize relations between the two countries.
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea Warns of Collapse of US Subsidies Due to Chinese EV Supply Chain Dominance
- China’s grip on the EV supply chain threatens US subsidies, warns South Korea.
- South Korea warns that China’s control over a crucial battery material will make it nearly impossible for any electric vehicle makers to qualify for President Joe Biden's subsidy scheme.
- The United States announced last week that they will provide up to $6.4 billion in federal subsidies to the South Korean technology giant Samsung Electronics, investing $40 billion in its Texas facilities for cutting-edge logic chips, advanced packaging, and next-generation chip technology research and development.
Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
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Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
The Chips Act has been surprisingly successful so far: More than halfway through its incentives spending, the US will have far greater scope to manage shocks
ft.com/content/26756186-99e5-448f-a451-f5e307b13723
Poland and Lithuania to help Ukraine repatriate men of fighting age: Kyiv needs hundreds of thousands of more soldiers to fight Russia
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Quick Glance: Poland and Lithuania Support Ukraine in Repatriating Men Fit for Battle
- Kyiv requires hundreds of thousands more soldiers to combat Russia
- Poland and Lithuania pledge to aid Ukraine in repatriating its men of fighting age
- An estimated 200,000 Ukrainian men in Poland have fled the conflict
- Ukraine suspended consular services for military-aged men abroad to facilitate their return
Alphabet set to surge past $2tn valuation as search giant announces first dividend
ft.com/content/23b4b384-5971-4f91-a9c9-8a779d10b6bc
Paid articlePaid Microsoft and Alphabet enjoy AI-powered gains from cloud divisions: Combined market value of the two tech giants rose by more than $250bn after revenue growth ...
ft.com/content/f01c6852-8aa6-4cc0-991d-38f15077ba92
With Trump in court, can Biden take control of the election?: As polls show the race tied, the president is campaigning around the country and his opponent is ...
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Quick Glance: Fact Check: Biden Repeats Claim of Arrest for Defending Civil Rights. Still No Evidence
- President Joe Biden reiterated his story of allegedly trying to defend the civil rights of Black Americans on 'The Howard Stern Show.' However, there is no evidence to support his claim of ever being arrested at a civil rights protest, as noted by 'The Washington Post' and 'PolitiFact.'
- Biden has told the story of his supposed presence at a specific protest in Delaware at least twice without mentioning an arrest. He stated that the police simply took him home on that day.
- It is impossible to prove definitively whether Biden was present at this or a similar protest over 60 years ago. He has also made other false claims about his personal life in the past.
- Biden falsely claimed to have 'driven an 18-wheeler' and that he never earned $400,000 in a year. During his 2020 presidential campaign, he claimed to have been 'arrested' as a US senator while trying to visit South African anti-apartheid icon Nelson Mandela in prison, which turned out to be untrue.
Gut or guile? Pedro Sánchez’s resignation threat leaves Spain on edge: Country left guessing by prime minister’s unusual tactic ahead of announcement on his ...
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Quick Glance: Spain's PM faces pressure over wife's corruption probe
- A Madrid court confirmed an investigation against Begoña Gómez for alleged influence peddling and corruption.
- Sánchez criticized the complaint as part of a harassment campaign against his wife.
- The probe relates to Gómez's ties to companies that received government funding.
- The opposition pushed for a statement from her regarding the investigation.
Deutsche Bank braces for €1.3bn hit to profits from Postbank litigation: Court has warned lender it is likely to lose parts of complex lawsuit brought by former ...
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Warren Buffett’s real estate brokerage to pay $250mn over commission lawsuits: Settlement resolves second of Berkshire Hathaway’s three big legal entanglements ...
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Quick Glance: Billion Dollar Settlement in Real Estate Commission Lawsuits
- HomeServices of America, owned by Warren E. Buffett’s Berkshire Hathaway Energy, will resolve the claims of home sellers who had to pay inflated commissions, subject to court approval.
- With the agreement from HomeServices of America, the damages now exceed the billion-dollar mark.
- Analysts predict that the settlement will introduce competition to the real estate commission market, leading to a reduction in fees paid by consumers when selling a home.
- The total amount of damages in commission lawsuits in the USA now surpasses the billion-dollar mark following today's settlement deal.
The Sancerre success story: How the tiny, friendly French region became a global sensation
ft.com/content/5f79a32b-5b6e-4eb1-a80c-3dc1d4adc70d
US dealmakers forced to adjust as unions flex their muscles: Workers’ groups increasingly adopt strategies used by activist hedge funds to exert pressure on ...
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Bordeaux fine wine market could use a stiffener: The antiquated system of setting prices is frustrating for merchants and their customers
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What new aid really means for Ukraine — and for Putin: Kyiv will have to husband its new resources carefully before trying to liberate Russian-occupied land
ft.com/content/b346bcde-a9b0-47e4-bfc9-d507a91dfbdc
Encounters with the Westminster honeytrapper: It took her three minutes to say she was blocking me — but the story didn’t end there
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How to start a conversation: Even small talk is better than sitting in the silent void
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Darktrace exit snuffs out another light on the London market: The cyber specialist has had a bumpy three-year ride as a public company
ft.com/content/3b01781f-f68a-4886-962f-f6051c7808be
Is Britain suffering from a ‘sick note culture’?: Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed ...
ft.com/content/9319409c-4805-4e7b-8bc1-96148721ee3e
Quick Glance: Spanish PM Contemplates Resignation Amid Wife's Corruption Probe
- Spanish Prime Minister Pedro Sánchez is considering stepping down after allegations of corruption involving his wife.
- Sánchez will announce a decision on his political future next week and has temporarily canceled public duties.
- The investigation against Sánchez's wife was initiated due to allegations of receiving favors from companies that secured government contracts.
Slow train to Penang: the return of the Eastern & Oriental Express : After a four-year hiatus the lavish hotel-train is back, on a new route through the jungles ...
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Joe Biden agrees to debate Donald Trump after weeks of uncertainty: There were doubts the 2024 US election rivals would agree to the traditional televised ...
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Anglo American rejects BHP offer: UK-listed company says Australian miner’s bid ‘significantly undervalues’ it
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Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
ft.com/
US data blurs the picture for bond investors: The combination of slower growth and nagging inflation is an unsettling mix
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CVC shares debut above offer price: Private equity group says €2bn offering oversubscribed multiple times, in sign of strong investor appetite
ft.com/content/c0c35ff8-b79f-443a-8a4b-96efc86c1016
Relative measures can be absolutely wrong: Comparing one data point with another can be misleading, nonsensical or even dangerous.
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UK charges man with hostile activity to benefit Russia: Four others have also been charged in connection with the case
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Paid articlePaid Rejoice! Voyager 1 is back from the dead: The craft embodies a golden age of space exploration
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Are too many people signed off as sick in the UK? The prime minister says yes, the data shows otherwise: Is Britain suffering from a ‘sick note culture’?
Ban on non-compete agreements sends shockwave across Wall Street: Financial companies scramble to rework contracts and tie down personnel after US Federal Trade ...
ft.com/content/681ca675-d92a-4be1-bcd3-ed31c16ab191
Spring has been fast, slow and grim for gardeners — but glorious too: Rainfall has deprived us of the warmth and light of the sun, but a lack of frost has meant ...
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Fears of destructive protectionism are overdone: An aversion to trade in the US is not widely shared elsewhere
ft.com/content/c8d841ec-8f78-47b7-b016-52dad74c4bff
Thames Water customers will have paid £540mn for London’s ‘Super Sewer’: Breakdown of accounts comes as testing on Tideway tunnel set to begin and UK’s biggest ...
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Military briefing: Russia’s narrowing advantage in Ukraine: Moscow’s forces are unlikely to muster a massive offensive this year
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Daniel Křetínský buys 20% stake in Thyssenkrupp’s steel unit : Deal is latest acquisition by ‘Czech Sphinx’ who is also seeking to buy Royal Mail’s parent ...
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TotalEnergies ‘seriously’ looking at moving listing from Paris to New York: Chief executive Patrick Pouyanné says US investors back the group’s prospects and ...
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Hermès soars and Kering stumbles in widening luxury divergence Hermès soars and Kering stumbles in widening luxury divergence
Abu Dhabi-backed RedBird IMI set to withdraw from Telegraph takeover: Resulting auction process expected to attract bidders including Rupert Murdoch and hedge ...
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Is it too late to invest in the gold rush?: Demand from China drove prices to a record high this month — now many suspect the normal rules no longer apply
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G7 to target sixfold expansion of electricity storage : Batteries and other solutions aim to store wind, solar and hydropower to make up for intermittent supply
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Science is closing in on the frailties of old age: Research is finding way to extend animal lifespans but regulators are still wary of treating ageing as a ...
ft.com/content/bb0a8eb7-227a-400a-919a-ab7dd2f20f0b
Fed’s preferred inflation metric rose to 2.7% in March: Figures come day after first-quarter data prompted investors to push back rate cut expectations
ft.com/content/2fa937d1-d7ad-462b-ab68-209506565d90
Paid articlePaid Diamonds won’t be forever unless miners make them sparkle: The natural jewels have lost their old mystique because carbon crystals can be grown in labs
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US wants allies to cut chip-related China exports amid Huawei alarm : Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and ...
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ExxonMobil’s profit falls 28% on weaker gas prices and refining margins: Oil major’s finance chief highlights ‘troubling’ geopolitical events in the Middle East ...
ft.com/content/d1582cea-4375-4bd6-9da9-e5255733495a
Ask Shrimsley: What do I have to do to get a peerage?: Don’t go thinking you can rely on good works or advancing humanity. It’s going to cost you
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Argentine households struggle as markets cheer Javier Milei: Investors say president’s austerity measures are needed before economy turns the corner
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Demand for renewables powers growth at Brazilian ethanol giant Raízen: Global demand for the biofuel has been strong despite the rise of EVs
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Harvey Weinstein conviction for rape overturned on appeal: Appeals court found that prosecution should not have used evidence from women who were not part of the ...
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Paid articlePaidQuick Glance: Harvey Weinstein’s 2020 Rape Conviction Overturned
- New York's highest court overturned Harvey Weinstein's 2020 rape conviction, disappointing those who celebrated historic gains during the #MeToo era.
- The ruling was based on legal technicalities and did not exonerate Weinstein's behavior, according to #MeToo advocates.
- Weinstein, convicted in Los Angeles for another rape, will face retrial in New York, despite remaining in prison.
- The court criticized the admission of uncharged sexual acts as evidence, deeming it an abuse of judicial discretion.
IG Group clients hit by refund errors: Company blames ‘technical issue’ for money being removed from accounts
ft.com/content/a5a34e16-0eec-4dbc-932d-69b239cee6ff
Meta’s gamble on chatbots opens new wave of tech competition : Zuckerberg’s AI plans may have knocked its stock market value, but he hopes his next venture will ...
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Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Nomura profits surge as Japan’s stock market breaks bubble-era record: Investment bank and brokerage boosted by soaring stock and fixed-income trading
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NatWest profits fall 27% as interest rate benefits wear off: Shares up nearly a third this year as bank has moved on from scandal over closure of Nigel Farage’s ...
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Gazans vent anger against Hamas : Dissent against Islamist group increases after six months of gruelling conflict with Israel
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Quick Glance: Biden and 17 World Leaders Urge Hamas to Release Hostages
- President Biden and 17 world leaders issued a joint statement urging Hamas to accept a hostage deal to achieve a ceasefire in Gaza.
- The statement stresses the immediate release of hostages and a sustained ceasefire in Gaza to facilitate humanitarian aid and end hostilities.
- Hamas leader Yahya Sinwar is accused of hindering progress by rejecting the deal and holding onto hostages instead of pursuing a ceasefire.
- The Biden administration and mediators from Qatar and Egypt have received signals from Hamas indicating readiness to engage in negotiations, but the sincerity of these intentions remains uncertain.
European equities are enjoying a 1990s revival : Market conditions are reminiscent of the soft landing that followed Alan Greenspan’s ‘Fed pivot’
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Have you got five minutes to talk about investing? : It is high time we normalised conversations about money
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This luxury Armageddon leaves investors spoilt for choice: Hermès’s revenue growth in high-margin leather goods shows why the group leads the luxury sector on ...
ft.com/content/d70a2ddc-6cfe-46a9-9be8-feb2252795cc
Reform UK’s unusual structure with Nigel Farage in the middle: Farage insists he is not a politician — but within the rightwing populist party, he is kingmaker
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Former Post Office executive denies misleading High Court Former Post Office executive denies misleading High Court
Fossil fuels could have been left in the dust 25 years ago: If only we’d followed Wright’s Law, solar tech could have been cheaper much sooner
ft.com/content/4369ea2c-57f4-43e6-af7a-4fc5429a6f51
How economists could make themselves more useful: There is a gap between the research supplied by academia and what policymakers actually want
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Goldman and Citadel Securities back Howard Lutnick’s renewed tilt on futures market
ft.com/content/8b6a724f-07ab-4592-905f-b6eca6bdc974
In the face of bans, ByteDance tightens grip over US TikTok operations: Relationship between TikTok, ByteDance deepens as tensions over the app’s ownership ...
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Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
ECB will need more rate cuts if Fed holds back, says policymaker: Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costs
ft.com/content/0112fe8d-856f-43aa-9bbb-c2106b00b5d6
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
ft.com/
Microsoft’s revenue and cloud sales beat expectations: Shares rise in after-hours trading following earnings report
ft.com/content/ec683341-5765-454d-97f7-76a2502ad66e
Paid articlePaid World leaders make renewed push to secure release of Gaza hostages: Eighteen countries call on Hamas to free captives and secure ‘immediate and prolonged’ ...
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UK spending watchdog should probe Teesside freeport project, say MPs: Michael Gove urged to instruct the NAO to investigate concerns raised by review of flagship ...
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US regulator pauses plans to scrutinise big investors in banks: FDIC board postpones votes on rival proposals that have alarmed the fund management industry
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Ukraine to increase long-range strikes in Russia, says UK defence chief: Admiral Sir Tony Radakin tells the FT fresh military aid will help Kyiv reshape ...
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Quick Glance: Ukraine to Increase Strikes in Russia, UK Defense Chief Says
- Ukraine is set to increase long-range attacks inside Russia to shape the war with western military aid.
- Admiral Sir Tony Radakin highlighted positive trends in the support for Ukraine.
- The US dropped reservations about providing long-range missiles to Ukraine.
- The UK has increased its commitment to Ukraine's defense and signed long-term contracts with defense industry suppliers.
Live news: Police presence grows as pro-Palestine protests spread across US campuses
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Apple accused by Congo over conflict minerals in iPhones: Lawyers representing DRC allege Apple’s products contain illegally exported minerals ...
ft.com/content/9d0dea0a-d613-438c-9921-a47dedc015cf
Zendaya breaks hearts in her new film Challengers. And five other films picked by the FT. Six films to watch this week
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