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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U.S. bombs Iranian military sites amid drone attacks in Kuwait

What’s happening?
The U.S. military has initiated a series of airstrikes targeting Iranian military installations. This is part of an escalation in tensions between the two nations, following recent aggressive actions by Iran that have included missile and drone attacks on neighboring countries.

In contrasting coverage, The Guardian headlines, “Middle East crisis live: Kuwait reports missile and drone attack as Trump claims war will ‘all work out well’,” emphasizes ongoing conflict and regional instability. Meanwhile, CNN reports, “US and Iran exchange renewed fire as Trump asks for changes to proposed deal to end hostilities,” focusing on diplomatic negotiations amid military tensions. The first framing conveys a sense of chaos and urgency, while the latter highlights attempts at resolution, showcasing the complexities of diplomatic discussions amidst escalating conflict.

Coverage analyzed: The Guardian | CNN | The Globe and Mail | The New York Times

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Who benefits from Guinea’s bauxite wealth amid local poverty?

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