Financial Times - Savers withdrew nearly $60bn from three US banks as Apple raises heat

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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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Pirates hijack cargo ship carrying Turkish weapons off Somalia’s coast

What’s going on?
Somali pirates hijacked a cargo ship carrying Turkish weapons off the coast of Somalia. The incident was confirmed by a local official, highlighting the ongoing piracy concerns in the region.
AP News emphasises the immediate actions, stating, “Pirates hijack cargo ship carrying Turkish weapons off Somalia’s coast, official says.” In contrast, Politico frames the event within a broader conflict, asking, “One beneficiary of the Iran war? Pirates.” This indicates a focus on the geopolitical implications rather than the incident itself.
Coverage analysed: AP News | Politico

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