Latest News
- Trump announces U.S. deal with Venezuela to enhance oil reserves
- Businessman dies as storm sinks yachts off Cyprus coast, injures several
- Covenant to produce medium-range missiles near Leipzig from 2027
- Barcelona coach Hansi Flick says Lamine Yamal is regaining top form
- Affordability dominates party discussions on fourth day of Quebec election
- Google alters maps to display Lake America in US following Trump’s order
- Nepal head teacher’s swift response protects over 1,600 students from floods
- Iceland votes against resuming EU membership talks amid mixed reactions
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 announces U.S. deal with Venezuela to enhance oil reserves
August 31, 2026
1:00 am
President Trump announced that the U.S. will start “topping out” its strategic petroleum reserve with Venezuelan oil as part of a recent agreement. However, this measure is expected to have limited impact on addressing high gas prices for American consumers.
Businessman dies as storm sinks yachts off Cyprus coast, injures several
August 31, 2026
12:00 am
A businessman has died and several others have been injured as yachts crashed into rocks during a storm off the southeastern coast of Cyprus.
Covenant to produce medium-range missiles near Leipzig from 2027
August 30, 2026
11:00 pm
US defence contractor Covenant plans to produce medium-range missiles near Leipzig, targeting up to 1,000 units annually from 2027. The missiles, expected to exceed 1,500 kilometres in range, are part of Germany’s strategy to enhance its long-range strike capabilities with cost-effective armament solutions.
Barcelona coach Hansi Flick says Lamine Yamal is regaining top form
August 30, 2026
10:00 pm
Barcelona coach Hansi Flick stated that Lamine Yamal is regaining his form ahead of the La Liga match against Rayo Vallecano. Despite a challenging start to the season, Yamal showed improvement against Athletic Bilbao, marking a positive step in his recovery from a hamstring injury sustained last April.
Affordability dominates party discussions on fourth day of Quebec election
August 30, 2026
9:00 pm
Party leaders in the Quebec provincial election campaign emphasised affordability on day four, making various commitments related to housing and tax cuts as they toured the province. The pledges reflect ongoing concerns over the cost of living amidst the electoral process.
Google alters maps to display Lake America in US following Trump’s order
August 30, 2026
8:00 pm
Google has begun updating its maps to reflect President Trump’s executive order renaming Lake Ontario as “Lake America.” U.S. users will see the new name, while Canadians will still see “Lake Ontario.” Both names will appear internationally, with the U.S. name in parentheses.
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