Reuters

WASHINGTON (Reuters) - U.S. President Joe Biden on Friday vetoed a congressional disapproval of the U.S. Securities and Exchange Commission's accounting bulletin on crypto assets.

"By virtue of invoking the Congressional Review Act, this Republican-led resolution would inappropriately constrain the SEC's ability to set forth appropriate guardrails and address future issues," Biden said in a statement released by the White House.

By Mei Mei Chu

BEIJING (Reuters) - China's first food security law aimed at achieving "absolute self-sufficiency" in staple grains came into effect on Saturday, reinforcing efforts by the world's biggest agriculture importer to lower its reliance on overseas purchases.

The law provides a legal framework for existing guidance by the Communist Party for local governments and the agricultural industry to raise food production, although it... (continue reading...)

MONTREAL (Reuters) - Striking Montreal-area Safran workers who make components for landing gear used in Airbus and Boeing jets have made a counter offer that could avert a longer dispute, a union official told Reuters on Friday.

Workers who produce forgings for the landing gear used in aircraft like Airbus's A320 family and A350 jets, along with Boeing's 787, began a seven-day strike on Tuesday and are ready to walk off the job indefinitely if they... (continue reading...)

SAO PAULO (Reuters) - Brazilian airline Gol announced on Friday that its board elected Eduardo Gotilla as its new chief financial officer, while also posting preliminary results for April including net debt of $4.5 billion as part of the carrier's ongoing bankruptcy proceedings.

Gotilla was the CFO of power company Light through last January. He replaces Mario Tsuwei Liao in the same role at Gol and is set to start on June 3, the airline said in a... (continue reading...)

By Kanishka Singh

WASHINGTON (Reuters) - Joe Biden's support for Israel during its eight-month war in Gaza has spurred at least eight U.S. administration officials to quit, with some accusing the U.S. president of turning a blind eye to Israeli atrocities in the Palestinian enclave.

The Biden administration denies this, pointing to its criticism of civilian casualties in Gaza and its efforts to boost humanitarian aid to the enclave,... (continue reading...)