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- Grand jury finds DeSantis administration misappropriated $10 million
- EU states advance plans to deploy frozen Russian assets for Ukraine aid
- Norway’s King Harald dies, leaving royal succession uncertain amid public concern
- US judge overturns Pentagon’s blacklisting of AI company Anthropic
- Peter Pocklington’s former mansion listed for auction in Edmonton
- Judge rules Trump administration acted illegally against AI firm Anthropic
- Workers escape Nepal glacier collapse as devastation leads to hundreds missing
- Clashes erupt in Ceuta as protests against migrant influx escalate
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
Grand jury finds DeSantis administration misappropriated $10 million
August 28, 2026
11:00 am
What’s happening?
A grand jury in Florida has reported that the state’s administration under Governor Ron DeSantis misappropriated $10 million intended for Medicaid. The funds were reportedly diverted in connection with a program called Hope Florida, leading to accusations of improper financial management.
In the coverage of this event, the headlines differ significantly. The New York Times frames it as “DeSantis Administration Misspent $10 Million, Grand Jury Says,” focusing on the financial implications and the role of the administration. Conversely, The Guardian headlines it as “Florida grand jury finds DeSantis administration ‘misappropriated’ funds from Medicaid settlement,” which emphasizes the legal and ethical violations inherent in the misappropriation. This variation highlights the distinction between a focus on administrative accountability versus a broader implication of legal misconduct.
Coverage analyzed: The Hill | The New York Times | The Guardian | CBS News
EU states advance plans to deploy frozen Russian assets for Ukraine aid
August 28, 2026
10:01 am
EU UPDATE
This morning, the European Union addresses regulatory challenges while reinforcing member-state collaboration on economic and security cooperation.
Key developments include budget discussions and strategic partnerships.
Norway’s King Harald dies, leaving royal succession uncertain amid public concern
August 28, 2026
9:01 am
KING HARALD’S DEATH
Norway’s King Harald has died at 89, marking the end of a 30-year reign.
The nation now faces uncertainty over royal succession and related controversies.
US judge overturns Pentagon’s blacklisting of AI company Anthropic
August 28, 2026
8:00 am
A US judge has halted the Pentagon’s blacklisting of AI firm Anthropic, ruling the Defence Department acted illegally by designating the company a national security risk. The court found the action punitive, linked to Anthropic’s criticism of government military policy on artificial intelligence.
Peter Pocklington’s former mansion listed for auction in Edmonton
August 28, 2026
7:00 am
The City of Edmonton has assessed the value of 8638 Saskatchewan Drive at £2.7 million, resulting in a municipal property tax bill exceeding £28,000 for 2026.
Judge rules Trump administration acted illegally against AI firm Anthropic
August 28, 2026
5:00 am
A US District Judge has permanently barred the Trump administration from enforcing rules against Anthropic, citing unconstitutional punishment for protected speech. The ruling ends a legal battle over the AI company’s push to prevent military use of its model Claude for mass surveillance and autonomous weapons.
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