Latest News
- Paraguay’s former president Santiago Pena charged following banking scandal
- Canadians opt for costlier holiday destinations as Cuba flights are suspended
- House and Senate midterm races remain undecided as ballots are counted
- Shoppers urged to discard Baxters soup at risk of bursting can closures
- Russian court sentences 15-year-old girl to five years in penal colony for attempted railway arson
- Donald Trump appoints Stephen Miller as new White House chief of staff
- EU foreign policy chief asserts Ukraine’s vital role in Europe’s security architecture.
- US imposes new sanctions on Iran amid ongoing nuclear tensions.
Financial Times - Savers withdrew nearly $60bn from three US banks as Apple raises heat
Summary of the front page
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.
Today's top stories
Paraguay’s former president Santiago Pena charged following banking scandal
November 7, 2026
7:00 pm
Former Paraguayan President Santiago Pena has been charged with breach of trust following his impeachment over the Ueno Bank collapse, which left millions without access to their savings. Pena, accused of misusing public funds, has been placed under house arrest as protests against the bank’s failure continue nationwide.
Canadians opt for costlier holiday destinations as Cuba flights are suspended
November 7, 2026
6:00 pm
As Canadian airlines suspend flights to Cuba amid severe fuel shortages, travel agents note an increase in bookings to alternate sunny destinations. Mexico and the Dominican Republic are gaining popularity as Canadians adapt to rising costs for winter vacations, shifting focus away from their historically preferred location.
House and Senate midterm races remain undecided as ballots are counted
November 7, 2026
4:00 pm
The 2026 midterm elections have resulted in a significant shift in Congressional control, with Democrats securing at least 54 Senate seats and gaining numerous House seats. Close races remain in Alaska and Mississippi, while several districts, particularly in Florida and North Carolina, are still awaiting final results.
Shoppers urged to discard Baxters soup at risk of bursting can closures
November 7, 2026
3:00 pm
Baxters has issued an urgent recall for its Chef Selections Cullen Skink soup due to a manufacturing error that risks can swelling and potential rupture. The affected 400g cans, with batch code L07XC and a best before date of April 2029, should be disposed of without opening, according to the Food Standards Agency.
Russian court sentences 15-year-old girl to five years in penal colony for attempted railway arson
November 7, 2026
2:00 pm
A Russian military court has sentenced a 15-year-old schoolgirl to five years in a penal colony for attempted railway arson, branding her a ‘Ukrainian spy’.
Donald Trump appoints Stephen Miller as new White House chief of staff
November 7, 2026
11:01 am
What’s happening?
Donald Trump has appointed Stephen Miller as his new White House chief of staff. This decision signals a return to a more hardline approach toward immigration and other key policy areas, reflective of Miller’s prior influence in the administration.
In comparing headlines, The Washington Post states, “Stephen Miller’s promotion angers industries reeling from immigration enforcement,” while the BBC frames it as “With Stephen Miller pick, Trump readies for a battle.” The Post’s emphasis is on the immediate backlash from affected industries, highlighting the repercussions of Miller’s policies. In contrast, the BBC’s focus is on the potential for renewed conflict, suggesting a more strategic positioning by Trump rather than a direct reaction to public sentiment. This difference illustrates the varying focuses on the impacts of the appointment versus its broader implications for political conflict.
Coverage analyzed: The Washington Post | BBC | CNN | WSJ
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