DJ Alfredo, icon of Ibiza’s dance music scene, dies aged 71
EU should spare carmakers from ‘punitive’ emissions fines, says Scholz
Albania bans TikTok for a year after fatal stabbing of teenager last month
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News Corp and Telstra agree sale of Foxtel to sports streaming service DAZN for $3.4bn
Wall Street bank’s profits rise 40% to $13.3bn as interest rates charged to borrowers increase
One of the world’s largest banks, JP Morgan, is preparing for a potential surge in defaults by borrowers as households face pressure from high inflation and ever-climbing interest rates.
The Wall Street bank put aside $1.7bn (£1.3bn) for credit losses between April and June, according to its latest financial report, marking a 54% jump from a year earlier, when provisions totalled $1.1bn.
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EU should spare carmakers from ‘punitive’ emissions fines, says Scholz
Will Japan’s close ties with US survive the caprice and quirks of Donald Trump?
Albania bans TikTok for a year after fatal stabbing of teenager last month