Latest News
- Trump requests Supreme Court intervention in East Wing ballroom project dispute
- Woman in her 90s dies in Gloucester house fire; suspect arrested for murder
- Multiple fatalities confirmed after car travels wrong way on Co Kildare motorway
- Spanish jets intercept and destroy drone in Romanian airspace on Sunday
- EU countries agree to extend temporary protection for those fleeing Ukraine until March 2028
- Makhachev claims record 17th consecutive UFC victory over Machado Garry
- B.C. evacuees return home Saturday with warnings to prepare for changes
- Eight dead in Midwest flooding as Lala approaches Hawaii
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
Trump requests Supreme Court intervention in East Wing ballroom project dispute
August 16, 2026
12:00 pm
The Trump administration has requested intervention from the Supreme Court to proceed with a $400 million project replacing the demolished White House East Wing. This follows a federal appeals court ruling stating the White House likely lacks authority for the construction without congressional approval.
Woman in her 90s dies in Gloucester house fire; suspect arrested for murder
August 16, 2026
11:00 am
A woman in her 60s has been arrested on suspicion of murder and arson following a house fire that claimed the life of a woman in her 90s in Hardwicke, Gloucestershire. The suspect was known to the victim, and police believe the incident was isolated.
Multiple fatalities confirmed after car travels wrong way on Co Kildare motorway
August 16, 2026
10:00 am
A car travelling the wrong way on the M9 motorway in Co Kildare has resulted in multiple fatalities and several injuries, including a seriously injured child.
Spanish jets intercept and destroy drone in Romanian airspace on Sunday
August 16, 2026
9:38 am
Two Spanish F-18 fighter jets intercepted and destroyed an unidentified drone in Romanian airspace early on Sunday, 24 kilometres north of Galati. Defence Minister Miruta confirmed the incident, highlighting Romania’s role in the European Union’s defence and the importance of vigilance amid ongoing tensions with Russia and Ukraine.
EU countries agree to extend temporary protection for those fleeing Ukraine until March 2028
August 16, 2026
9:00 am
EFFECTS ON ECONOMY
This morning, Europe faces economic challenges due to rising temperatures impacting productivity.
Economic forecasts anticipate significant GDP shifts across the European Union.
Makhachev claims record 17th consecutive UFC victory over Machado Garry
August 16, 2026
8:00 am
Islam Makhachev successfully defended his UFC welterweight title at UFC 330, defeating Ian Machado Garry by unanimous decision, with scores of 49-46, 49-46, and 48-47. The victory marked Makhachev’s 17th consecutive win, surpassing Anderson Silva’s previous record.
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