Latest News
- Firefighters battle blaze at Essex industrial unit amid water supply issues
- British man, 88, dies after intervening in mugging of wife in Tenerife
- EU finance ministers discuss Spain’s €850 billion joint borrowing proposal
- US inflation rate shows signs of stabilization amid economic concerns
- Venezuela’s shift towards Israel aims for survival rather than conviction
- B.C. family’s urgent effort to save son diagnosed with genetic disease
- West Palm Beach airport officially renamed after Trump, code to change next month
- American fitness influencer drowns in Thailand following alleged rampage
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
Firefighters battle blaze at Essex industrial unit amid water supply issues
July 10, 2026
9:00 am
Firefighters are battling a significant blaze at an industrial unit in Nine Ashes, Essex, with 12 crews deployed and facing limited water supplies. Residents are advised to keep windows and doors closed due to ongoing smoke and potential cylinder explosions, as the incident is expected to last several hours.
British man, 88, dies after intervening in mugging of wife in Tenerife
July 10, 2026
8:00 am
British pensioner Ray Cowen, 88, dies in Tenerife after confronting thieves who attacked his wife, leading to severe injuries from the incident.
EU finance ministers discuss Spain’s €850 billion joint borrowing proposal
July 10, 2026
7:00 am
EU finance ministers convened in Brussels to deliberate on Spain’s proposal for a new joint borrowing mechanism, potentially allowing up to €850 billion annually. ECB President Christine Lagarde supports the initiative, emphasising its importance for economic stability amid ongoing geopolitical uncertainties.
US inflation rate shows signs of stabilization amid economic concerns
July 10, 2026
6:01 am
TODAY’S EUROPE UPDATE
This morning, European Union leaders focus on unity and resilience amid ongoing economic challenges.
Key discussions aim to strengthen collaboration and stability.
Venezuela’s shift towards Israel aims for survival rather than conviction
July 10, 2026
5:00 am
Delcy Rodriguez’s administration has shifted Venezuela’s stance towards Israel, moving from hostility to potential rapprochement. This strategy aims to align more closely with U.S. interests while undermining rival Maria Corina Machado’s support network. Recent gestures include thanking Israel for disaster assistance and signalling openness to renewed diplomatic ties.
B.C. family’s urgent effort to save son diagnosed with genetic disease
July 10, 2026
3:00 am
Clyde’s family reported that he began stumbling and struggled with stairs, prompting medical investigation. He has since been diagnosed with metachromatic leukodystrophy, a genetic condition that affects the nervous system.
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