As chairperson of the ongoing Jio Mami Mumbai Film Festival, Priyanka Chopra flew to her home city for the opening of the event, which is being held at various locations across Mumbai. The festival's hub, though, is the recently opened Nita Mukesh Ambani Cultural Centre, with Ambani and her daughter Isha joining Chopra as board members of the film festival.
More than 200 movies will be screened over the next 10 days, until November 5, with the Kareena Kapoor Khan-starrer The Buckingham Murders screened on opening night on Friday.
Kapoor Khan, who was in attendance along with her sister Karisma and husband Saif Ali Khan, called Buckingham one of her “career-best roles”.
Also spotted on opening night were prominent personalities from the South Indian film industry – Kamal Haasan and Mani Ratnam, Bollywood's grande dame Shabana Azmi, actress Sonam Kapoor, looking suitably stylish, plus Konkona Sen Sharma, Vijay Varma, Rajkummar Rao, Randeep Hooda, and filmmakers Karan Johar and Zoya Akhtar.
Some films being screened this year include The Rapist, starring Sen Sharma and directed by her mum Aparna Sen; Kennedy directed by Anurag Kashyap and starring Sunny Leone and Rahul Bhat; as well as Varun Grover's directorial debut All India Rank.
While Hollywood continues to work its way through the Sag-Aftra strike, Jio Mami Mumbai Film Festival will showcase a number of international titles, including Bradley Cooper's Maestro; The Sweet East directed by Sean Price Williams; and Joanna Arnow's The Feeling That the Time for Doing Something Has Passed.
Other movies being shown in the World Cinema category include: South Korea's In Our Day; Fallen Leaves by Finnish filmmaker Aki Kaurismaki; Japanese thriller Monster; and Georgian filmmaker Elene Naveriani's Blackbird Blackbird Blackberry.
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Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
Rating:2/5
