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.
Cliff Notes The UK is experiencing its third heatwave of the summer, with temperatures expected to peak above 34°C on
Cliff Notes A care worker, known as Meera, reported abuse of an elderly resident and is now facing destitution and
Cliff Notes Donald Trump may not address Parliament during his September state visit to the UK, as no formal request
Cliff Notes A scandal at Heshi Peixin kindergarten involved staff adding lead-laced paint powder to food, resulting in 233 children
Cliff Notes Preliminary findings indicate that the fuel cutoff switches for both engines of the Air India Boeing 787 transitioned
Cliff Notes Liverpool FC has retired the number 20 shirt in memory of Diogo Jota, marking a first for the
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