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

696x392 cmsv2 4943be17 b707 5e29 be37 68fbe340040b 9906478

Technical glitch disrupts UK air traffic control, affecting 1,000 flights

Passengers travelling to and from the UK faced severe flight disruptions on Tuesday after a technical glitch impacted air traffic control systems. Over 1,000 flights were cancelled, with significant delays reported at major airports including Heathrow and Gatwick, as NATS worked to resolve the issue.

CC8iK0NnNXBRelZsYzBOdlUzazBXVEpEVFJDUkF4ajhCU2dLTWdaQlU0b3lyUVk w280 h168 p df rw

UK, Canada, and France ban imports from Israeli settlements

What’s going on?

The UK government has announced a ban on imports from Israeli settlements in the West Bank. This decision comes amid rising tensions surrounding the Israeli-Palestinian conflict. It reflects a significant shift in the UK’s trade policy regarding Israel.

Al Jazeera emphasises the implications with the headline, “UK bans goods from Israeli West Bank settlements: What that really means.” In contrast, the BBC highlights the state of relations, stating, “Paul Adams: British-Israeli relations at lowest ebb in decades.” Al Jazeera’s framing focuses on the direct actions taken by the UK, while the BBC underscores the broader context of deteriorating relations.

Coverage analysed: Al Jazeera | BBC | Time | The Hill

2023 08 24T084051Z 318790456 RC2YR2AZZ1RC RTRMADP 3 SOCCER WORLDCUP ESP ENG REPORT 1788894400

Spanish FA introduces fertility support for female players and referees

The Royal Spanish Football Federation has announced a partnership with the Tambre clinic to provide fertility support for female players and referees, covering costs for in vitro fertilisation and egg freezing. This initiative aims to enhance work-life balance and ensure motherhood does not hinder careers in elite football.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement