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.

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Missing jet-skier in South Saskatchewan River identified as 32-year-old man

The Saskatoon Police Service has identified the missing jet-skier from the South Saskatchewan River Weir as a 32-year-old man visiting from Mexico. Search efforts continue as authorities gather additional information regarding the circumstances surrounding the individual’s disappearance.

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Supreme Court denies Rastafarian ex-inmate’s lawsuit over shaved dreadlocks

The Supreme Court has dismissed Damon Landor’s claim against Louisiana prison officials for shaving his dreadlocks, ruling 6 to 3 that he cannot sue under the Religious Land Use and Institutionalized Persons Act. The decision upholds previous lower court findings regarding the lack of liability for individual state officials.

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Primary voting begins across New York, Maryland and Utah as Democrats engage

What’s happening?
A critical primary election is underway in New York, marked by significant intra-party competition for Democratic nominations. Candidates vying for influence include Hakeem Jeffries and a progressive newcomer, Zohran Mamdani. The election is a focal point for shaping the Democratic agenda at both local and national levels.

In comparing coverage, Axios headlines “Democrats’ Jeffries and Mamdani wings face off in New York,” emphasizing the inter-factional competition within the party. In contrast, Politico’s headline states, “Capitol agenda: Jeffries gets preview of his future headaches,” focusing on the challenges Jeffries may encounter ahead. The first frames it as a strategic clash, while the latter highlights the implications of this primary on Jeffries’ leadership role, suggesting a more conflict-oriented narrative in the context of political hurdles.

Coverage analyzed: Axios | Politico | Fortune | The Guardian

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Kenya halts construction of US-run Ebola facility following court order

Kenya’s Health Minister Aden Duale announced a halt to plans for a US-run Ebola quarantine facility at Laikipia airbase, following a court order amid public opposition. Protests have erupted over concerns the facility could jeopardise the nation’s health system, despite no recorded Ebola cases in Kenya.

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