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DBS Group’s board tells its chief exec: ‘Even the CEO’s job can be replaced by AI’

Good morning. “Even the CEO’s job can be replaced by AI.” That was the WhatsApp message DBS Group’s board sent Tan Su Shan on the day they named her chief executive of Southeast Asia’s largest and most profitable bank. Tan shared the moment with me last week at Fortune’s Brainstorm AI Singapore conference — and … Read more

Chinese hacking groups were part of SharePoint attacks

Microsoft CEO Satya Nadella speaks during an event commemorating the 50th anniversary of the company at Microsoft headquarters in Redmond, Washington, on April 4, 2025. Microsoft Corp., determined to hold its ground in artificial intelligence, will soon let consumers tailor the Copilot digital assistant to their own needs. David Ryder | Bloomberg | Getty Images … Read more

Top banking groups urge OCC to delay Ripple, Circle trust bank approvals

Key Takeaways A number of banking industry groups have challenged Ripple’s and Circle’s bids to obtain bank charters. The groups are asking the OCC to avoid making a major policy shift without a transparent and formal rulemaking process. Share this article Top American banking groups are pressing the OCC to delay action on trust bank … Read more

Private healthcare groups criticise ‘minimum’ waiting times for NHS operations

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private heathcare providers have warned the NHS against introducing “artificial” minimum waiting times for routine operations. Patients are facing further delays for treatment as a number of local NHS organisations — seeking to reduce their … Read more

US energy groups spend record sums on power plants to feed data centres

US energy companies are pouring record sums into building power plants and transmission lines to meet electricity demand from data centres, raising concerns that the costs may be passed on to consumers. According to Jefferies investment bank, utility capital expenditure is expected to hit $212.1bn in 2025, a 22.3 per cent rise year on year … Read more

Shipping groups seen avoiding the Strait of Hormuz

An Islamic Revolutionary Guard Corps speed boat sailing along the Persian Gulf during the IRGC marine parade to commemorate Persian Gulf National Day, near the Bushehr nuclear power plant in the seaport city of Bushehr, in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images The number of vessels navigating … Read more

Shipping groups shying away from the Strait of Hormuz

An Islamic Revolutionary Guard Corps speed boat sailing along the Persian Gulf during the IRGC marine parade to commemorate Persian Gulf National Day, near the Bushehr nuclear power plant in the seaport city of Bushehr, in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images Some shipowners are opting to … Read more

Republican senators want to make changes to Trump’s ‘Big, Beautiful Bill’. Here are the competing groups

The Senate has set an ambitious timeline for passing President Donald Trump’s sweeping legislation to cut taxes and spending. But getting it on the Republican president’s desk by July 4 will require some big decisions, and soon. Republican senators are airing concerns about different parts of the legislation, including cuts to Medicaid, changes to food aid and the impact … Read more

Auto groups sound the alarm as China’s rare earth curbs start to bite

Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters Automotive industry groups are increasingly worried about a rare earth shortage. Several European auto supplier plants and production lines have already been shut down due to China’s recent export controls, according to … Read more

US politicians, Jewish groups condemn ‘horrifying’ Boulder terror attack: ‘Vile, antisemitic act of terror’

U.S. lawmakers, Trump administration officials and Jewish groups were among those who condemned the terror attack that left eight people injured in Boulder, Colorado, on Sunday, calling it a “monstrous attack” and an “act of vile antisemitism.” Mohamed Sabry Soliman, 45, was arrested at the scene, after he allegedly set victims on fire as they … Read more

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