It has become clear that we cannot sustain a viable Commonwealth Campus ecosystem without closing some campuses,” Neeli Bendapudi said in a statement to the campus community Tuesday.

Penn State's president Neeli Bendapudi said the closures come as the university faces financial pressure and declining enrollment.

Penn State University looks at closing multiple Commonwealth campuses: 'Difficult choices' A rift is emerging between the east and west of the EU over what to do with Russia’s seized central bank reserves. State-backed North Korean hackers have stolen $1.5bn (£1.2bn) of cryptocurrency in the largest heist in history.