President Joe Biden has officially vetoed a resolution that would halt a Commerce Department rule temporarily suspending tariffs on solar panels imported from Cambodia, Malaysia, Thailand, and Vietnam -- writing that passage "of this resolution bets against American innovation."

CORAL GABLES, Fla.--(BUSINESS WIRE)--Jul 10, 2023--

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By Kirsty Needham SYDNEY Australia and the European Union will resume free trade talks on Thursday with a

By Aziz El Yaakoubi and Humeyra Pamuk RIYADH (Reuters) -A visit by the U.S. Secretary of State to Saudi Arabia

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The Philippine central bank will exercise caution against “too much” monetary tightening to avoid crimping economic growth, according

OpenAI boss Sam Altman has labelled bitcoin the “super logical” next step for technological progress, just months after launching his own cryptocurrency. Mr Altman, whose company launched the viral AI assistant ChatGPT last year, made the comments on a recent appearance on The Joe Rogan Experience podcast, during which he also lamented the role of government regulation in the crypto space. “The war on crypto... that makes me quite sad about the country,” Mr Altman said. “I think this idea that we have this global currency that is outside of the control of any government is a super logical and important step on the tech tree.” The price of bitcoin fell sharply in 2021 and 2022, largely driven by the collapse of the FTX crypto exchange. The US Securities and Exchange Commission has since filed lawsuits against other exchanges like Binance and Coinbase as part of a crackdown against the industry. A crypto bill has also been introduced by Senator Elizabeth Warren in an attempt to address “crypto’s use in money laundering, drug trafficking, and financing of terrorism and rogue nations”. The OpenAI boss spoke briefly about his own cryptocurrency project, called Worldcoin, which has faced several controversies since officially launching in July. The project involves collecting people’s biometric data through an iris-scanning orb in exchange for a share of the crypto token WLD. The idea is to use the data to verify each individual’s “unique personhood” in order to ensure that no one is able to claim more than their allotted share of the cryptocurrency. The unique approach has been branded both “outlandish” and “revolutionary” by crypto commentators, with some warning that the sensitive nature of the data means it could be exploited by nefarious actors. Regulators in several countries, including France and Germany, are investigating Worldcoin’s operations to see if it is in violation of data security practices. Worldcoin has acknowledged the privacy concerns, noting in a blog post in August that “everything is optional” and that no personal information needs to be tied to the iris scan. “[The Orb] validates a person’s humanness locally on the device, without needing to send, upload or save images,” the post stated. “By default, the Orb promptly deletes iris images after the creation of the iris code.” Read More Sam Bankman-Fried trial: Billion dollar crypto fortune was ‘built on lies’, prosecutors say How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin

Donald Trump has criticised Ron DeSantis for not taking on Disney sooner, suggesting his main rival for the 2024 Republican presidential nomination could have prevented the entertainment giant from becoming – in his words – “woke” and “disgusting”. Mr Trump lashed out at both Disney and Mr DeSantis on Sunday as the Florida governor remains locked in a feud with one of America’s best-loved brands, after it opposed his so-called “Don’t Say Gay” bill. “Disney has become a Woke and Disgusting shadow of its former self, with people actually hating it. Must go back to what it once was, or the ‘market’ will do irreparable damage,” Mr Trump said. “This all happened during the Governorship of “Rob” DeSanctimonious. Instead of complaining now, for publicity reasons only, he should have stopped it long ago. Would have been easy to do - Still is!” Disney’s row with the Florida governor began when it came under pressure from employees to take a stance against a new law that prohibits school teachers from discussing gender identity and sexuality in the classroom. In retaliation, Mr DeSantis signed legislation to take away Disney’s self-governing status and appointed a new board of supervisors. Before the new board came in, the company signed agreements with the old board made up of Disney supporters that stripped the new supervisors of design and construction authority. Later, the Republican-controlled Florida Legislature passed a law to allow the DeSantis-appointed board to repeal those agreements and the theme park resort’s monorail system subject to state inspection, something it had previously done in-house. It prompted Disney to file a lawsuit against the Florida governor and his appointed board last month. It claimed in the lawsuit that it was in violation of free speech and the contracts clause. In a tit-for-tat move, the DeSantis-appointed board earlier this month sued Disney in state court in Orlando seeking to void the deals the company made with the previous board. The row has seen Disney, which provides thousands of jobs, cancel its plans to build a $1bn project to create new campus in central Florida that would have involved relocating 2,000 employees from southern California to work in digital technology, finance and product development. “We have plans to invest $17 billion and create 13,000 jobs over the next 10 years. I hope we’re able to do so.” said Josh D’Amaro, Disney’s parks chief, who said he remained optimistic about the future of Disney. Disney employs an estimated 80,000 people in Florida and is often described as operating its own kingdom within the state. Earlier this month, Mr Trump’s campaign lashed out at Mr DeSantis for getting caught in the “mouse trap” and losing jobs from the state’s largest employer. “Ron DeSanctimonious gets caught in a mouse trap,” said a tweet from Trump’s campaign account. “The Culture Of Losing Continues,” referring to Mr DeSantis’ recent string of electoral defeats. “DeSanctus’ weakness leads to job losses and loss of $1B,” the tweet added. Read More DeSantis v Disney: Why Florida’s governor is at war with the Mouse What's on DeSantis' agenda? A look at the laws he passed as Florida governor, from abortion to guns Disney opposes DeSantis request to disqualify judge in free speech lawsuit Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement

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