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- Justice Department halts $1.8 billion anti-weaponisation fund following judge’s ruling
- MV Hondius cruise ship reopens for bookings after hantavirus outbreak
- Hungary’s prime minister to meet German chancellor and French president
- California’s primary elections to determine Newsom’s successor feature 61 candidates
- Trump administration plan aims to allow quick asylum rejections without interviews
- Corbyn claims the rich will eventually face consequences ahead of Mandelson file release
- Repurposed UK vape batteries provide power sources for Ukrainian soldiers
- EU agrees on new law to expand deportation powers for migrants
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
Justice Department halts $1.8 billion anti-weaponisation fund following judge’s ruling
June 1, 2026
9:00 pm
The Justice Department has halted work on the $1.8 billion “anti-weaponization” fund following a temporary court ruling. U.S. District Judge Leonie Brinkema’s order prevents any actions related to the fund while she reviews a lawsuit challenging its establishment. A hearing is scheduled for June 12.
MV Hondius cruise ship reopens for bookings after hantavirus outbreak
June 1, 2026
8:00 pm
MV Hondius resumes operations following a deep clean after a hantavirus outbreak infected 13 and resulted in three deaths, now offering Arctic cruises.
Hungary’s prime minister to meet German chancellor and French president
June 1, 2026
6:00 pm
Péter Magyar, Hungary’s Prime Minister, will meet German Chancellor Friedrich Merz on Tuesday and French President Emmanuel Macron on Wednesday. This tour focuses on restoring Hungary’s relations with the EU, following a political agreement to unlock €16.4 billion in blocked EU funds.
California’s primary elections to determine Newsom’s successor feature 61 candidates
June 1, 2026
5:00 pm
California’s primary elections, set for June 2, feature 61 candidates vying for the governorship, following the term limit of outgoing Democrat Gavin Newsom. The state’s “jungle primary” system allows any registered voter to participate, increasing the possibility of Republicans advancing to the general election.
Trump administration plan aims to allow quick asylum rejections without interviews
June 1, 2026
3:00 pm
The Trump administration is advancing a regulation enabling U.S. immigration officials to swiftly reject asylum applications submitted more than a year after arrival, bypassing interviews. This measure aims to manage the substantial backlog of cases, reflecting ongoing efforts to tighten the asylum system, according to internal documents.
Corbyn claims the rich will eventually face consequences ahead of Mandelson file release
June 1, 2026
2:00 pm
Jeremy Corbyn addressed a crowd at SXSW in London, asserting that Jeffrey Epstein’s influence on British politics remains significant. Discussing the imminent release of files related to Peter Mandelson, Corbyn characterised this moment as a potential turning point, calling for a comprehensive public inquiry into the connections involved.
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