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.

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NATO secretary-general discusses key issues in exclusive interview

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Flydubai co-pilot attacks captain with axe, UAE official confirms

What’s going on?
Flydubai confirmed an incident where a co-pilot attacked the captain with an axe. The event occurred during a flight from Muscat to Dubai, leading to an emergency landing in Sharjah. Authorities are investigating the incident.

In a contrasting focus, the BBC stated, “Flydubai co-pilot attacked captain with axe, UAE official says,” highlighting the attack itself. In contrast, the Wall Street Journal framed the attack as “FlyDubai Attacker Used ‘Crash Ax,’ a Common Fixture on Many Jets,” emphasising the weapon used rather than the act. This framing affects the perception of operational safety in aviation.

Coverage analysed: BBC | Wall Street Journal

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