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Jamie Dimon, the CEO of JP Morgan, has stated that a potential downturn in the $3tn private credit market would not pose a significant threat to the stability of major banks. According to Dimon, while there are areas of weakness in the unregulated private credit industry, it does not present a 'systemic' risk to the financial system.Dimon made these comments during an earnings call on Tuesday, where he also noted that the actual credit quality had not deteriorated significantly, with only 'pockets' of weakness. He emphasized that very large losses in private credit would be needed before major banks were affected.The private credit market has faced growing concerns over potentially risky loans arranged by firms that lend to companies using investor money, outside the traditional regulated banking system. This has led to a multibillion-pound surge in withdrawals from some private credit funds, such as Blue Owl, which have had to cap the amount of money clients can withdraw.Despite these concerns, Dimon expressed that he is 'not particularly worried' about the impact on major banks. JP Morgan reported a 13% jump in first-quarter profits to $16.5bn, with revenues rising 10% to $49.8bn.

“You can be the thickest bloke and still think you know more about football than a woman,” declares Jo, a Newcastle supporter, in the opening section of the Away From Home: The Untold Stories of Women Football Fans exhibition. The line sets the tone for a showcase that confronts the stereotype that only men can truly understand the game.Curated by Professor Stacey Pope, a leading sociologist of women’s football, and Durham University’s David Wright, the exhibition occupies the Beacon of Light pop‑up beside Sunderland’s Stadium of Light. It chronicles the presence of women on the terraces of the North‑East since the 1950s, using archival footage, hand‑sewn silk scarves and newly commissioned soundscapes to recreate match‑day rituals.The display is anchored by 22 recorded interviews with Newcastle and Sunderland fans, complemented by a broader research base of 200 interviews conducted over two decades. Pope notes that while the last thirty years have seen a “feminisation of sports fandom,” true gender parity remains elusive.Recent data underscore the exhibition’s relevance. In a survey of 2,000 male fans, three‑quarters expressed overt or covert misogynistic attitudes toward women in football. Moreover, the anti‑racism charity Kick It Out reported that sexist incidents at matches have doubled from the start of the season to the end of February compared with the previous campaign.Beyond statistics, the exhibition explores structural barriers: stadium designs that prioritize male comfort, safety concerns on public transport, and societal expectations that push women out of the stands after marriage or motherhood. As Pope explains, “football is sexist, what do you expect?” – a reality the exhibit seeks to expose and challenge.Visitors can experience mixed‑media installations that blend personal anecdotes with broader themes of loss, renewal, and the collective euphoria of a match. One soundscape, for example, transforms complaints of cold, mud, and hunger into the roar of a crowd as the game begins, illustrating how football has resonated with women for generations.The exhibition runs until the end of the season and is also available online for a wider audience.

Nicky Henderson, 75, has spent nearly five decades shaping British racing, yet the saga of his star gelding Constitution Hill still makes him pause. After a sun‑lit afternoon in Lambourn, the trainer watched the usually placid horse stroll into his stable, a stark contrast to the drama that has defined the horse’s recent career.Henderson, speaking alongside owner Michael Buckley, emphasized the personal bond they share with the animal, calling him “more a pal than a beast” and noting his unique appeal to the public.Constitution Hill burst onto the scene with a ten‑race winning streak, highlighted by a dominant 2023 Champion Hurdle victory at Cheltenham. Experts briefly hailed him as one of the greatest hurdlers of all time, lauding his speed and precision over obstacles.That dominance vanished almost overnight. The gelding began to experience what Henderson likened to a golfer’s “yips”, falling in three of his last four hurdle races. Even a race at Punchestown where he stayed upright ended in a “disconcertingly tame display”, according to Timeform, which had previously ranked him the best hurdler of recent decades.Plans for a Cheltenham return were scrapped, and the team pivoted to flat racing. Constitution Hill delivered two striking victories at Southwell and Kempton in early 2026, drawing crowds of all ages. Henderson said the flat races felt like a “glorious celebration”, and the horse’s performance on the flat has been “brilliant”.His newfound flat success has sparked global interest. Henderson received invitations from racetracks worldwide, though he dismissed wild speculation about the Melbourne Cup as “the least likely of the lot”. Instead, a more measured approach is being considered, with the John Porter Stakes at Newbury on the agenda if the ground suits.“It’s not everybody’s idea of the most sensible race for him,” Henderson admitted, but added that a second year of racing could still be on the cards. He stressed that the horse’s safety and public enjoyment remain paramount.When asked why Constitution Hill lost his jumping confidence, Henderson cited several factors, including the introduction of new padded hurdles, which the horse disliked. He also mentioned a series of well‑meaning consultants—from Australian “gurus” to renowned equestrian coach Yogi Breisner—none of whom could reverse the decline.Despite the setbacks, the horse’s flat form has been a commercial boon. Henderson reported an 800% surge in ticket sales at Southwell compared with the previous year, illustrating the public’s fascination with the “ridiculous horse that can’t stand up”.Looking ahead, Henderson is entertaining a range of international options: the French Prix du Cadran, the Irish St Leger, and even potential programs in Germany and the United States. Yet he remains realistic about travel logistics, noting that Constitution Hill requires companion horses for long trips.In the trainer’s words, “You’ve got to have fun,” and with Constitution Hill’s current trajectory, the aim is to bring that joy back to racing while navigating the horse’s unique needs and the sport’s evolving landscape.

HSBC’s chief executive, Georges Elhedery, told Bloomberg Television at a conference in Hong Kong that the ongoing Iran war is undermining global economic confidence. He warned that the conflict’s duration could amplify price pressures on commodities such as oil, refined products, fertilisers and metals, extending the impact far beyond the Middle East. Brent crude, which had briefly risen above $100 per barrel, slipped 0.9% to $98.5 per barrel after a U.S. blockade of Iranian ports took effect. Negotiations between the United States and Iran are set to resume in Islamabad, but no agreement was reached in the previous talks. In London, the FTSE 100 edged up 22 points (0.21%) to 10,605, even as Imperial Brands led the losers, citing a “more uncertain geopolitical and macro environment.” The UK recruitment firm PageGroup warned that the Middle East conflict is creating an “increasingly uncertain outlook” for the rest of the year, with salaries lagging behind 2022‑2023 levels across the UK, Europe, the Middle East and Asia. HSBC holds a 31% stake in Saudi Awwal Bank, making it one of the European banks most exposed to the region, which contributes roughly 4% of its pre‑tax profit according to JP Morgan analysts. Nevertheless, Elhedery noted that capital outflows from the Middle East have been “very benign” so far. Since the U.S. and Israel began striking Iran on 28 February, some affluent Middle‑Eastern investors have started exploring relocation to financial hubs such as Singapore and Hong Kong. HSBC chair Brendan Nelson stressed that a peace settlement is essential to restore global energy flows, warning that prolonged disruption would lift inflation and suppress growth. “The longer the disruption continues, the more the indirect effects from higher energy costs will lift inflation and depress growth,” he said at the HSBC Global Investment Summit. Manufacturers reliant on petroleum‑derived synthetic fabrics, such as sportswear maker Castore, reported cost increases of 10‑15% and warned that continued conflict could push those costs onto consumers. Co‑founder Tom Beahon described price volatility as “very difficult to plan,” with daily swings of up to 40%. Logistics are also strained: airlines have reduced flights and vessels remain stranded in the Strait of Hormuz, complicating product shipments. Castore hopes that a resolution in the coming weeks will limit the impact on customers. Virgin Atlantic chief executive Corneel Koster told the Financial Times that jet‑fuel prices have more than doubled since the war began, adding that “some of this disruption to global energy prices will be here to stay.” UK Chancellor Rachel Reeves, speaking at the IMF and World Bank spring meetings, called for coordinated economic action, stating that the Iran conflict must become “a line in the sand” for how the world handles crises and instability.

A shocking case of mistaken identity has come to light involving British Gas, a leading UK energy supplier. A homeowner, IW from Northampton, received a £571 bill for a flat they had never occupied or owned. The error occurred because British Gas's tracing agents mistakenly linked IW's address to that of a debtor.IW reported that British Gas opened an account in their name for the incorrect address and sent the hefty bill. When IW disputed the charge, British Gas declined to investigate further, citing a lack of proof that they did not live at the address in question. The company requested a tenancy agreement or mortgage statement, which IW could not provide as they had long since paid off their mortgage.The situation escalated when British Gas threatened IW with a debt collection agency. Despite IW providing bank statements as evidence of their innocence, British Gas ignored this documentation and did not question the competence of the tracing agent used to locate debtors.It was only after IW got involved and contacted The Guardian that British Gas belatedly apologized and removed IW from its records. This incident highlights significant flaws in British Gas's processes for handling customer complaints and verifying identities.The case serves as a cautionary tale for consumers to vigorously dispute incorrect charges and to be aware of their rights when dealing with energy suppliers and debt collectors.

Benin’s presidential contest is tilting decisively toward the incumbent government’s nominee, Romuald Wadagni, after his only challenger, Paul Hounkpe of the Cowry Forces for an Emerging Benin party, publicly acknowledged defeat on national television. Hounkpe’s concession, aired on Monday, included a call for “republican congratulations” and a reminder that democratic health depends on mutual respect across partisan lines, as reported by AFP. Currently serving as foreign minister, Wadagni is the designated successor of President Patrice Talon, who is stepping down after two consecutive five‑year terms. The election follows a turbulent period marked by a foiled coup in late 2025, which was suppressed with the aid of Nigerian forces. Out of an electorate of nearly 8 million eligible voters, early voting proceeded at a modest pace, according to Al Jazeera correspondent Ahmed Idris reporting from Cotonou. Hounkpe’s campaign highlighted that despite a robust 7.5% GDP growth in 2024, the benefits have not sufficiently improved living standards, pointing to persistent poverty rates exceeding 30% and limited trickle‑down of economic gains. In contrast, Wadagni pledged to focus on essential services such as water access, expanded social security, and improved healthcare, positioning himself as a continuity candidate for the ruling coalition. The finance minister, who previously led the polls, was widely expected to prevail after the main opposition party, the Democrats, failed to nominate a candidate and declined to endorse Hounkpe. The Democrats also fell short of the 20% threshold needed for parliamentary representation in the January 2026 elections, securing only about 16% of the vote. Security concerns loom large for the incoming administration. The northern region continues to grapple with insurgent activity from the al‑Qaeda affiliate Jama’at Nusrat al‑Islam wal‑Muslimin (JNIM), which has inflicted heavy casualties on the military, including an attack last year that killed 54 soldiers and another incident in March that claimed 15 lives. These challenges are compounded by broader instability across the Sahel, where a succession of coups in neighboring states such as Burkina Faso, Niger, and Mali has heightened regional volatility. While Wadagni’s ascent promises policy continuity, the new president will need to address both the security vacuum in the north and the socioeconomic gap that leaves a third of Benin’s population in poverty despite recent economic growth.

An Israeli air attack targeted a group of men gathered outside a school in Deir el-Balah, central Gaza, killing at least three people. The incident occurred as Israeli forces arrested at least 30 Palestinians in raids across several cities and towns in the occupied West Bank.Medics at Al-Aqsa Hospital reported the killings, with the bodies of the victims laid out in white shrouds outside the hospital's morgue. Relatives and friends gathered to bid farewell, with some kissing the victims' foreheads before holding special prayers.The Israeli military did not immediately comment on the airstrike. The killings took place as mediators met with leaders from the Palestinian group Hamas to bolster a fragile ceasefire brokered by the United States, which began last October.The ceasefire has been marred by violence, with over 750 Palestinians killed since it took effect. Hamas fighters have killed four Israeli soldiers, and both sides have traded blame for violations.Israeli forces have also been accused of moving yellow concrete markers westwards in Gaza, which Palestinians say is an attempt to expand a depopulated zone. Israel denies this.In the West Bank, the Palestinian Prisoners Media Office reported that two children and some freed detainees were among those arrested in the raids. The military operations included searches of homes and property damage.The conflict has resulted in significant casualties, with over 72,000 Palestinians killed in Israel's war on Gaza, which began in October 2023. In the occupied West Bank, at least 1,133 Palestinians have been killed, 11,700 others wounded, and nearly 22,000 arrested.The International Court of Justice has declared Israel's occupation of Palestinian territory illegal and called for the evacuation of all settlements in the West Bank and East Jerusalem.

Israeli strikes in southern Lebanon have resulted in at least six fatalities, according to state media reports. The Israeli military claims to have surrounded the main town of Bint Jbeil, a strategic location in the conflict with Hezbollah.The state-run National News Agency (NNA) reported that one person was killed and nine others injured in an airstrike on the town of Bazouriyeh. Additionally, Israeli air strikes killed one person in Nabatiyeh El Faouqa and three others in Sir el Gharbiyeh and Choukine.The Israeli military also struck a centre of the International Committee of the Red Cross in Tyre, resulting in one injury that later died. Several Red Cross vehicles were damaged in the attack.The Israeli army announced it will have full operational control of Bint Jbeil within days, after claiming to have killed more than 100 Hezbollah fighters there over the past week. Hezbollah has been engaged in fierce fighting with Israeli forces in Bint Jbeil, a town that has been a symbolic and strategic flashpoint in confrontations between the two.Diplomatic efforts to contain the conflict are underway, with Israeli and Lebanese officials set to hold talks in Washington to end the war. Lebanon's culture minister, Ghassan Salame, emphasized the government's focus on securing an immediate halt to hostilities before any peace talks with Israel.Since Israel expanded its offensive in Lebanon on March 2, at least 2,055 people have been killed and over 6,550 others injured. The escalation in Bint Jbeil comes as Hezbollah continues to engage in clashes with Israeli forces, with the group reporting intense clashes on Sunday.

Bahrain's Ministry of Foreign Affairs has strongly condemned the 'continued malicious drone attacks' launched from Iraq towards Bahrain and several Gulf Cooperation Council countries. The summoning of the Iraqi envoy follows similar action by Saudi Arabia, signalling growing regional concern over pro-Iranian groups based in Iraq. The diplomatic move complicates Baghdad's efforts to rebuild ties with its Arab neighbours. Bahrain's Ministry of Foreign Affairs delivered an official protest note to the Iraqi charge d'affaires, Ahmed Ismail al-Karawi, calling on Baghdad to address 'these threats and attacks urgently and responsibly'. Iraq has become a staging ground for a secondary conflict during the US-Israel war on Iran, with drones and missiles launched by Iran-aligned armed groups repeatedly targeting Gulf states and Jordan. US interests in Iraq, particularly the embassy in Baghdad, have also been targeted. Despite a two-week Iran-US ceasefire, several Gulf nations reported missile and drone attacks on their territories just hours after the ceasefire was announced. Iran-aligned groups in Iraq had announced their commitment to the ceasefire and suspended their actions towards Gulf countries. The attacks are severely testing Iraq's painstakingly rebuilt ties with its Arab neighbours. Baghdad has categorically rejected the use of its territory to target Gulf states or Jordan, adding that it is taking necessary measures 'in accordance with the constitution and the law'.