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Financial Times - Savers withdrew nearly $60bn from three US banks as Apple raises heat

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The Financial Times says savers withdrew nearly $60bn from US banks Charles Schwab, State Street and M&T in the first quarter as customers moved their money in search of higher interest rates. Traditional banks could face further threat because of Apple and Goldman Sachs’ new savings account in the US that will pay 4.15% interest a year, it reports. 

The paper’s main image is of Vladimir Kara-Murza, a Russian opposition activist, during a court hearing in Moscow where he was sentenced to 25 years in prison for treason.

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PM promises to protect British business amid tariff chaos

PM promises to protect British business amid tariff chaos

Today’s headlines – in print and online – are, of course, dominated by the ongoing fallout from Donald Trump’s Liberation Day tariffs as the PM promises to protect British business and stock markets continue to fall. There are fears of a US recession – and a global economic meltdown.

PM promises to protect British business - NHS radical plan - UK to be hotter than Spain

PM promises to protect British business – NHS radical plan – UK to be hotter than Spain

Monday’s headlines continue to report on the backlash of the US tariffs – announced last week – that’s sparked a massive stock market sell-off and fears of a looming global recession.

The prime minister has promised to “shelter British business from the storm” expected from Donald Trump’s sweeping tariffs. The government has stepped in to help the British car industry (amid 25% car tariffs) by making the rules on manufacturers going all-electric more flexible.

Elsewhere, as of next month, health workers will go door-to-door under new plans to tackle sickness rates across England.

The UK weather continues to dominate the headlines as wildfires broke out across Scotland and Northern Ireland over the weekend after temperatures soared.

In sports, there is continued coverage of the weekend’s Premier League action, including Liverpool’s unbeaten run being ended by Fulham, a drab performance between Man Utd and Man City and Southampton being relegated.

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