Breaking AI & Tech News Analyzed

In a groundbreaking development, US President Donald Trump's signature will soon be featured on US currency as part of plans to commemorate the 250th anniversary of the country's Independence Day on July 4. This move, announced by the US Department of the Treasury on Thursday, marks a significant departure from tradition, as Trump becomes the first sitting president to have his signature on US banknotes.Currently, US banknotes, which come in denominations of $1, $2, $5, $10, $20, $50, and $100, feature the signatures of the Treasury secretary and the treasurer. The decision to include Trump's signature is seen as a recognition of his 'historic achievements,' according to US Treasury Secretary Scott Bessent, who noted that Trump has put the country on a path towards 'unprecedented economic growth' and 'fiscal strength and stability.'The economic growth under Trump has been largely in line with the post-pandemic trend overseen by his predecessor, Joe Biden. Specifically, US GDP grew 2.2 percent in 2025, slightly below the 2.5 percent average expansion from 2022-2024. This move has not been without criticism, with California Governor Gavin Newsom mocking the announcement, suggesting that Americans will now know exactly who to blame for rising costs of living expenses.This development comes on the heels of the US Commission of Fine Arts approving the minting of a commemorative gold coin bearing Trump's image, a move that also drew backlash. Critics have likened these actions to the behavior of dictators and monarchs. Trump, known for aggressively pushing his personal brand, has attached his name to various institutions and projects, including the John F Kennedy Center for the Performing Arts and an upcoming class of battle ships.

A high-stakes diplomatic effort is underway as a delegation of Russian officials has arrived in the United States for meetings with their American counterparts. This visit, which began on Thursday, marks a significant development in the strained relations between Moscow and Washington, particularly over Moscow's ongoing war in Ukraine.Kremlin spokesperson Dmitry Peskov expressed optimism about the talks, stating, 'We hope that these first tentative steps will, of course, make their contribution to the further revival of our bilateral engagement.' President Vladimir Putin has set the main directives for the trip and will be thoroughly briefed on the meeting.The visit occurs against the backdrop of US-brokered talks to end the war in Ukraine, which are currently in a state of limbo. Despite several rounds of negotiations since US President Joe Biden's administration took office, a deadlock persists, with the Kremlin ruling out compromises to halt its military campaign.Russia, a key ally of Iran, has been accused by Western intelligence officials of supporting the Iranian government as it faces a war launched by the US and Israel. A recent report alleged that Russia was close to completing a shipment of drones to Iran, which Moscow has vehemently denied, calling such claims 'lies being spread by the media.'In a related development, Russia has intensified its military actions in Ukraine, carrying out one of the largest aerial attacks since the start of the war, launching 948 drones in 24 hours. This escalation has prompted Ukraine's President Volodymyr Zelenskyy to appeal for air defence munitions from allies, warning of a potential deficit in missiles while Washington focuses on the US-Israeli conflict with Iran.

The Trump administration has announced it will pay French energy major TotalEnergies $1 billion to kill plans to construct wind farms off the US east coast. This decision comes as a fuel crisis triggered by the war in Iran drives up global fossil fuel prices.The deal is the latest blow to the US offshore wind industry, which has faced repeated disruptions to multi-billion-dollar projects under Donald Trump. Trump has expressed his dislike for wind turbines, citing their ugliness, cost, and inefficiency, and his administration has moved to increase domestic fossil fuel production.In the deal, TotalEnergies will give up two offshore leases it had purchased off New York and North Carolina. The US Department of the Interior will reimburse the company $928 million it paid for the leases under Joe Biden. TotalEnergies has pledged not to develop any new offshore wind projects in the country and will invest nearly $1 billion this year in the development of four trains at the Rio Grande LNG plant in Texas, and the development of upstream conventional oil in the US Gulf and shale gas production.Critics of the deal, including climate advocates and environmental groups, argue that it will deepen the country's dependence on volatile fossil fuel markets and undermine efforts to transition to cleaner energy sources. They also point out that offshore wind projects can provide reliable and affordable power to the grid. The decision has been met with criticism from groups such as Oceantic Network, Evergreen Action, and Sierra Club, who argue that it will leave American consumers struggling to pay their electricity bills and undermine efforts to address climate change.