Latest News
- Germany faces historic low as trust wanes under Merz’s government
- Iran strikes Kuwait airport, killing one and injuring dozens, amid tensions.
- Canada to release long-delayed AI strategy aimed at accessibility for all
- Israel and Lebanon agree to renew ceasefire pending Hezbollah’s withdrawal from attacks
- London Tube strike ongoing as affected lines face second day of walkouts
- Ukraine targets Russian oil facility in drone strike over St Petersburg
- Protests in Albania grow over coastal development linked to Jared Kushner
- Safety concerns contribute to decline in quality of life perceptions in Kelowna
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
Germany faces historic low as trust wanes under Merz’s government
June 4, 2026
1:00 pm
Germany’s political landscape faces a critical juncture as the government, led by Chancellor Friedrich Merz, navigates a historic low. With diminishing credibility in international affairs and an urgent need for economic revitalisation, Germany’s ability to lead Europe hinges on regaining competitiveness, enhancing security, and fostering innovation.
Iran strikes Kuwait airport, killing one and injuring dozens, amid tensions.
June 4, 2026
12:01 pm
IRAN-RELATED ATTACK
Iran claims responsibility for missile strike on Kuwait airport, killing one and injuring dozens.
US House votes to block Trump from potential military action.
Canada to release long-delayed AI strategy aimed at accessibility for all
June 4, 2026
10:00 am
Artificial Intelligence Minister Evan Solomon has announced the ‘AI for All’ strategy, aimed at making artificial intelligence accessible and beneficial for all Canadians. The initiative seeks to address current disparities and enhance the framework for AI implementation across the country.
Israel and Lebanon agree to renew ceasefire pending Hezbollah’s withdrawal from attacks
June 4, 2026
9:00 am
The Israeli and Lebanese governments have agreed to renew a ceasefire, with conditions that Hezbollah cease attacks and withdraw from southern Lebanon. This agreement follows U.S.-brokered talks and aims for further negotiations in three weeks. However, Israel conducted drone strikes shortly after the announcement, resulting in civilian injuries.
London Tube strike ongoing as affected lines face second day of walkouts
June 4, 2026
7:00 am
Liverpool Street station is experiencing calm ahead of rush hour, despite the first day of a strike. Transport for London staff reported that crowds are manageable. Commuter Ashley, 34, travelling from Durham, noted no disruption and plans to reassess travel arrangements for Thursday.
Ukraine targets Russian oil facility in drone strike over St Petersburg
June 4, 2026
6:00 am
A drone strike launched by Ukraine has hit St Petersburg, causing injuries and damaging infrastructure ahead of Russia’s economic forum.
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