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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.

Arsenal manager Mikel Arteta remains optimistic about his team's chances despite mounting injury concerns, particularly with star player Bukayo Saka sidelined with an achilles issue.Arteta insists he has 'zero fear' that Arsenal could end the season without silverware, but admits there are significant doubts over Saka's return. Saka has not played since the Carabao Cup final defeat to Manchester City last month and Arteta is uncertain when he will be back.'Hopefully it's going to be a matter of days and not weeks,' Arteta said. 'But he has to see when he's loading more, how he responds to that kind of progression.'Arsenal are also facing doubts over Jurrien Timber, Riccardo Calafiori and captain Martin Ødegaard for their Champions League match against Sporting. Additionally, Arteta will make a late call on Declan Rice's fitness after the England midfielder missed training on Tuesday.Despite recent setbacks, including a home defeat to Bournemouth in the Premier League, Arteta remains positive. 'Fire. I'm on fire. I'm on fire,' he said. 'Nothing else. I'm dreaming so much. I've done so much to be in this position because I know how this club was. I just see beauty, opportunity, and I want to get it done for all these people that have been in this journey with us.'

Matt Crocker, US Soccer’s sporting director, announced his departure on Tuesday, moving to a similar role with the Saudi Arabia football federation with under two months remaining before the 2026 World Cup. US Soccer said the responsibilities formerly held by Crocker will be divided among COO Dan Helfrich, assistant sporting director Oguchi Onyewu, women’s youth national team development head Tracey Kevins, and the broader sporting leadership team. US Soccer CEO JT Batson praised Crocker, stating, “Matt helped guide important steps across our sporting organization, and we’re grateful for his contributions.” He added that the federation remains “well positioned to make the decisions needed in the short, medium, and long term.” Crocker, hired in 2023 after Earnie Stewart left for PSV Eindhoven, arrived with a strong pedigree from English football, having served as technical director at Southampton and later for England (2013‑2020), where he was tasked with modernising the national team’s playing style. During his US tenure, Crocker oversaw all national‑team operations, including youth programmes, and was chiefly responsible for senior‑team coaching appointments. His first high‑profile decision was to re‑hire Gregg Berhalter as USMNT manager after a brief contract lapse and a complex investigation involving player Gio Reyna and past domestic‑violence allegations. Following Berhalter’s second stint, which ended with a group‑stage exit at the 2024 Copa América, Crocker secured Mauricio Pochettino as his successor at the end of 2024. Under Pochettino, the United States have recorded 10 wins, 1 draw, and 7 losses in 16 matches, including recent defeats to Belgium and Portugal in March friendlies. On the women’s side, Crocker recruited Emma Hayes from Chelsea in late 2023 after Vlatko Andonovski’s departure. Hayes guided the USWNT to Olympic gold in 2024 and has the squad positioned as a contender for the 2027 Women’s World Cup in Brazil. Reflecting on his time, Crocker said, “It has been a privilege to be part of US Soccer during such an important period for the sport in this country. I’m grateful for the people I’ve had the opportunity to work with across the federation, from our coaches and players to our technical and administrative staff.” Meanwhile, Saudi Arabia’s national‑team structure is in flux ahead of its own 2026 World Cup appearance. Reports suggest head coach Hervé Renard may depart, and technical director Nasser Larguet is expected to step down, signalling a broader overhaul of the federation’s leadership.

Qantas announced a fare increase and a 5% reduction in domestic capacity for May and June, responding to a rapid shift in passenger demand away from airlines that transit the conflict‑ridden Middle East. In a market update released on Tuesday, the carrier said it is redeploying aircraft from its U.S. and domestic networks to capture strong interest in Europe‑bound travel, especially to Paris and Rome. The move follows service cuts by Persian Gulf carriers such as Emirates, Etihad and Qatar Airways, which have scaled back flights amid the escalating Iran conflict. To accommodate the new focus, Qantas and its low‑cost arm Jetstar will cut capacity across their domestic networks by about 5%, trimming frequencies on key inter‑city routes and suspending several regional services. Four temporary suspensions will take effect in mid‑May: Melbourne‑Hamilton Island, Melbourne‑Coffs Harbour, Sydney‑Busselton and Darwin‑Gold Coast. In addition, the Adelaide‑Mount Gambier route will be discontinued indefinitely due to low demand and soaring fuel costs. The airline warned that its jet‑fuel expenses are set to rise sharply, projecting a second‑half 2026 fuel bill of $3.1‑$3.3 billion, up from the previously forecast $2.2 billion. This surge is driven by higher oil prices linked to the Iran conflict. To offset the cost pressure, Qantas has already raised ticket prices and signalled that “further action” – likely additional fare hikes – may be necessary. While airlines typically use hedging contracts to lock in fuel prices, the current volatility limits the effectiveness of such safeguards. Following the market update, Qantas shares slipped more than 3% in early trading before stabilising, reflecting investor concern over the combined impact of higher fares, reduced domestic capacity, and elevated fuel costs.

Hezbollah leader Naim Qassem has strongly opposed an upcoming meeting between the Lebanese government and Israel in the United States, labeling such efforts as 'futile' amid intensified Israeli attacks on Lebanon. In a televised speech on Monday, Qassem called on the Lebanese government to take 'a historic and heroic stance' by not attending the planned talks. The Lebanese and Israeli ambassadors are set to meet in Washington, DC, on Tuesday to discuss direct negotiations between the two countries. However, Qassem argued that the talks are a ploy to pressure Hezbollah into laying down its weapons, with Israeli Prime Minister Benjamin Netanyahu repeatedly stating that the goal is to disarm Hezbollah. Qassem emphasized that Hezbollah will not back down, stating, 'We will not rest, stop or surrender. Instead, we will let the battlefield speak for itself.' He also accused Israel of continuing its aggressive actions, including near-daily deadly attacks, despite a supposed ceasefire in effect since November 2024. Since Israel intensified its war on Lebanon in early March, at least 2,055 people have been killed, including 165 children and 87 medical workers, with over 6,500 wounded and around 1.2 million displaced. Qassem described the planned talks as a 'free concession' to Israel and the US, and called for a united Lebanese stance against negotiations. The speech followed protests in Beirut against the planned talks, with demonstrators accusing Lebanese Prime Minister Nawaf Salam of betraying the Lebanese people. The situation remains tense, with the Israeli military claiming to have surrounded the key southern town of Bint Jbeil, while Hezbollah continues to claim attacks against Israeli forces there.

Match details: Atletico Madrid will meet Barcelona on Tuesday at 21:00 CET (19:00 GMT) in the Metropolitano Stadium for the Champions League quarter‑final second leg. The fixture decides which side advances to the semi‑finals. After a 2‑0 first‑leg triumph at Camp Nou, Atletico enter the tie as favourites despite trailing Barcelona in the La Liga table. Their advantage stems from goals by Julian Alvarez and Alexander Sörloth, who capitalised on a red card for Barcelona defender Pau Cubarsi. Barcelona, the reigning Spanish champions, are desperate to overturn the deficit. They bolstered their domestic campaign with a 4‑1 win over Espanyol, extending their lead over Real Madrid to nine points. Ferran Torres netted a brace, assisted by teenage prodigy Lamine Yamal, while Marcus Rashford added the fourth. Atletico’s weekend league performance was less convincing, suffering a 2‑1 loss to Sevilla after heavy rotation by Diego Simeone. The loss left them fourth in La Liga with 57 points, four behind Villarreal. Historical context: The two clubs have met 251 times, with Barcelona winning 115 matches, Atletico 79 and 57 draws. Their recent knockout encounters include Atletico’s victories in the 2014 and 2016 quarter‑finals, both decided over two legs. Team news: Atletico will miss Marc Pubill (suspension) and have Jose Giménez, Pablo Barrios and David Hancko listed as doubtful. Barcelona’s defender Pau Cubarsi is suspended, replaced by Ronald Araujo. Injuries rule out Marc Bernal, Raphinha and Andreas Christensen. Predicted line‑ups: Atletico – Musso; Molina, Le Normand, Lenglet, Ruggeri; Llorente, Koke; Simeone, Griezmann, Lookman; Alvarez.Barcelona – Joan Garcia; Koundé, Araujo, Martín, Cancelo; Eric Garcia, Pedri; Yamal, Fermin, Rashford; Lewandowski. Managerial insights: Simeone stressed the need to stay focused on the objective of advancing, while Barcelona coach Hansi Flick highlighted the quality of his squad and the importance of collective effort. With a slim margin separating the sides, the second leg promises a tactical battle that could see either club secure a coveted place in the Champions League semi‑finals.

Trump Media and Technology Group (TMTG), the parent company of the Truth Social platform, has formally withdrawn its defamation claim against The Guardian and two additional defendants. The suit had challenged a March 2023 Guardian report alleging that federal prosecutors were investigating $8 million in payments received by TMTG from entities with connections to Russian President Vladimir Putin. The dismissal was filed in the 12th Judicial Circuit Court in Sarasota County, Florida, on Friday. By withdrawing without prejudice, TMTG retains the option to re‑file the case at a future date. The Guardian’s original article said New York prosecutors opened a criminal inquiry into money wired to TMTG via the Caribbean by two parties that appeared to be partially controlled by an associate of a Putin ally. At the time, TMTG was preparing for a merger with Digital World Acquisition Corp (DWAC) that would have created a company valued at roughly $1.3 billion. Feeling vulnerable to accusations of receiving funds from a potentially hostile source, TMTG sued for libel, asserting that the Guardian’s statements were false and defamatory. In November, Judge Hunter W. Carroll dismissed the case against Guardian News and Media Ltd., Penske Media Corporation (owner of Variety), and former TMTG founder‑turned‑whistleblower Will Wilkerson, citing a failure to prove actual malice. Carroll, appointed by former Florida Governor Rick Scott, allowed TMTG to file an amended complaint, which the company did in January. A hearing was scheduled for the following Tuesday, but TMTG’s sudden withdrawal halted the proceedings. No reason was provided for the abrupt change. The Guardian has been contacted for comment. In April 2024, a lawyer for Trump sent The Guardian a letter calling its reporting “false” and a “hoax,” insisting that litigation would continue until the outlet retracted the story. Despite the legal tussle, there is no evidence that TMTG or its executives knowingly concealed the origin of the loans. No criminal charges have been brought against the company. Guardian News and Media responded, welcoming the voluntary dismissal and emphasizing that its reporting was based on meticulous fact‑checking, credible sources, and thorough documentation, while characterizing TMTG’s claims as meritless. The dismissal marks a rare retreat for Trump’s legal team, which has pursued an increasingly aggressive strategy against media outlets during his second presidential term, securing several high‑profile settlements with broadcasters such as ABC and CBS. Trump is currently pursuing a $15 billion defamation suit against The New York Times and a $10 billion claim against the BBC, alleging editorial manipulation of his speeches. Both cases have been described by the defendants as groundless and potentially chilling to press freedom. The Guardian’s investigation focused on two emergency loans TMTG received in December 2021 and February 2022, when the company faced a financial crisis after its merger with DWAC was delayed by SEC and FINRA investigations. Wire‑transfer records traced a $2 million payment through Paxum Bank, a Dominica‑registered institution, and a subsequent $6 million payment involving the ES Family Trust, whose trustee also served as a Paxum director. Federal prosecutors in the Southern District of New York examined Paxum Bank’s ownership, identifying a link to Anton Postolnikov, a relative of Aleksandr Smirnov, an associate of Putin.

England and Spain meet again on Tuesday night in front of more than 70,000 at Wembley in the Women's World Cup 2027 qualifiers. This match comes eight-and-a-half months after they faced off in the Euro 2025 final, which England won.Spain has undergone significant changes since then, with a new head coach, Sonia Bermúdez, and a crop of emerging young players. Despite these changes, they remain unbeaten since the Euros with five wins and a draw in six matches. Bermúdez has already led them to the Nations League title.The visitors have a number of talented young players, including Fiamma Benítez, the 21-year-old Atlético Madrid midfielder, who has made a strong impact with seven goal contributions in the Champions League this season. Another player to watch is Vicky López, the Barcelona winger, who has become a regular starter.England head coach Sarina Wiegman believes that despite the changes, Spain's DNA remains the same: they want to have the ball and play dynamically. Wiegman noted that there might be some tweaks but the principle will be very similar.For England, Leah Williamson is an injury doubt due to a hamstring injury, but she has started training with her international teammates. Keira Walsh is set to win her 100th cap and Wiegman praised her vision and game understanding.England will have to make at least one change from the starting XI that beat Spain in Switzerland, with Ella Toone out injured. Jess Park is likely to start in her place.

On a recent weekday evening, a special bus tour whisked art lovers through over twelve galleries and museums that stayed open until midnight, offering a late‑night glimpse of the Abidjan Art Week programme.The after‑hours event, dubbed the Night of the Galleries, was first trialled in January 2024 alongside the Africa Cup of Nations – a tournament that Côte d’Ivoire both hosted and won – and has become a staple of the festival’s third edition, which ran from Tuesday to Sunday.Since its inception, the week has broadened its footprint, moving beyond the city centre to include venues such as the La Rotonde des Arts contemporary‑arts hub in the Plateau district and the Adama Toungara Museum of Contemporary Cultures (MuCAT) in the working‑class neighbourhood of Abobo.Local collectors are emerging in force. MuCAT has hosted the Africa Foto Fair each year since 2022, and the Marché des Arts du Spectacle d’Abidjan – the city’s answer to the Dakar Biennale – is set to launch its 14th edition later this month.A graffiti festival launched two years ago has transformed the perception of street art, with vibrant murals now adorning the façade of the La Pyramide building and several upscale hotels in Plateau.Organisers stress that the festival’s growth should be independent of external validation. This year’s roster featured artists from Cameroon, the Democratic Republic of the Congo and Mali, and the number of participating galleries more than doubled compared with previous editions.Founder Yacouba Konaté, who also directs La Rotonde des Arts, highlighted the festival’s commitment to accessibility, arguing that art should not be seen as an elite pastime.The opening tribute honoured Simone Guirandou‑N’Diaye, a pioneering Ivorian art historian whose legacy lives on through Galerie LouiSimone Guirandou, now run with her daughter Gazelle.Among the week’s highlights, MuCAT presented Murmures d’Archives, a quieter, archival‑focused exhibition that concluded with an artists’ workshop and a DJ set.In the upscale Cocody district, New York‑based artist Ouattara Watts staged a solo show at Galerie Cécile Fakhoury, drawing the Ivorian diaspora into dialogue with the local scene. Watts explained that his work aims to transcend borders, describing it as “a vision that goes beyond any map – it is the cosmos that I paint.”