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[EN] Financial Times

NBA offers $3bn sweetener for European basketball league bids

US league looks to reassure potential team owners over slow path to profits

Kalshi valuation quadruples to $22bn in less than a year

Platform raises $1bn in fundraise led by Philippe Laffont’s investment firm Coatue

FT quiz: the week in news

Ten topical questions to test your news nous

China hands two former defence ministers suspended death sentences

Punishment underlines severity of Xi Jinping’s sweeping purge of powerful military

British-Chinese nationals found guilty of spying for Hong Kong

Two men, including former Border Force official, convicted in trial at London’s Old Bailey

UK and US launch disease control measures over hantavirus

Nearly 30 passengers had already left cruise ship struck with rodent-borne illness before alarm was raised

Africa’s richest man Dangote plans London listing of cement empire

Billionaire behind $13bn company says rule changes to encourage UK listings make plan more attractive

Wall Street rebound driven by smallest number of stocks on record

Soaring S&P propelled by Big Tech equities prompts warnings about ‘fragility’ of rally

Let’s stop blaming retail investors for wonky markets

They are finance’s saviours as well as its villains

Starmer scrambles to resolve dispute over delayed UK defence budget

Prime minister holds talks in effort to finalise 10-year investment plan as part of post-election reset

Citi disappoints investors with modest profit targets

Shares in Wall Street bank fall 3% in pre-market trading

Rubio seeks to mend ties with Pope Leo after Trump row

Secretary of state dispatched to Vatican to defuse tensions over Iran war

Who will drive the driverless car revolution?

US companies still lead in innovation but their Chinese rivals are speeding ahead in the deployment race

What will Trump’s war on Iran mean for global trade?You asked, Alan Beattie answered

The FT’s trade columnist replied to reader questions

Democrats turn to working-class candidates to win back voters

Also in today’s newsletter, the US’s hunt for a new missile interceptor and Marco Rubio’s audience with Pope Leo

Lloyd’s of London debates disclosing findings of probe into governance concerns

Insurance market hired Freshfields to investigate promotion of executive close to then-CEO

Police arrest man on suspicion of selling Morgan McSweeney’s phone

Former Downing Street chief of staff said his device was stolen in October last year

Pragmata and Saros — these sci-fi shooters are enormous fun to play

Two of the year’s biggest and flashiest games offer gruesome, tentacular monsters and robots hell-bent on extermination

Can AI help developing countries to ‘leapfrog’ into the future?

For Africa, opportunities may lie in sequencing

The mysterious $53bn ‘other income’ boost to AI hyperscaler earnings

Quantum entanglement

McDonald’s sales rise as chain reaps rewards for cheap meals push

Fast food group beat expectations but record US ground beef prices threaten margins

Private equity tech investor Hg marks down holdings after software sell-off

Listed vehicle Hg Capital Trust cut valuations of 14 of its 20 largest portfolio companies

Why the cool kids have fridges in their bathrooms . . .

. . . and bedrooms and gyms. Storing supplements, skincare and ginger shots has given rise to a burgeoning interiors trend among the worried well

Can Europe close the AI gap with the US and China?

Also in today’s newsletter: a new company seeks to tackle the power constraints on European data centre growth