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Last four teams square off at PBA Season 49 Commissioner’s Cup

BARANGAY GINEBRA GIN KINGS — PBA.PH

Games on Wednesday
(Smart Araneta Coliseum)
5 p.m. – TNT vs Rain or Shine
7:30 p.m. – Barangay Ginebra vs NorthPort

THREE WEEKS after securing their tickets, it’s off to the races for the last four teams in the running for the PBA Season 49 Commissioner’s Cup hardware.

NorthPort, a team battling for recognition, and Barangay Ginebra, a heavyweight out for redemption after last conference’s bridesmaid finish, square off in one side of the best-of-seven semifinals.

TNT, a group hungry for more after its triumph in the opening Governors’ Cup, and Rain or Shine (ROS), a youthful bunch eager to grow and reap success fast, mix it up in the other series.

“We have a chip on our shoulder, that people don’t even talk about NorthPort even if we are No. 1 (seed),” forward William Navarro said after the top-seeded Batang Pier qualified for the Final 4 for the third time in franchise history.

“We’re the underdogs, no matter what happens. We are not satisfied here. We want more.”

Gin Kings coach Tim Cone heard what Mr. Navarro, import Kadim Jack, Best Player of the Conference contender Arvin Tolentino, Joshua Munzon and the rest of NorthPort were conveying to the league loud and clear.

“They’re for real,” said Mr. Cone.

“That’s a real team, they’re solid all the way up and down the lineup. Their import Kadim Jack fills out a lot of what they need in terms of rebounding, rim protection, the ability to score inside and they have elite players in the perimeter in Arvin (Tolentino), Mr. Munzon, all the way through their lineup, they have guys that can hurt you on the perimeter.”

The Batang Pier enters the 7:30 p.m. semis kickoff with fresher legs compared to the Gin Kings, whose stalwarts like Justin Brownlee and Scottie Thompson return to PBA action after serving Gilas Pilipinas duties in three different countries during the conference break.

Meanwhile, TNT and ROS fire the opening salvo at 5 p.m. as they rekindle their budding rivalry in the playoffs.

The two met in the same stage in the last Governors’ Cup with the Tropang Giga winning, 4-1. Prior to this, they clashed in the Season 48 Philippine Cup quarterfinals with the Elasto Painters taking a 2-1 victory.

“This is the playoffs. They call this the second season, right? All of the previous games, performances against them, they don’t mean much. So we don’t look at ourselves as the favorites here,” said TNT coach Chot Reyes.

ROS counterpart Yeng Guiao feels his charges are better equipped for the rematch especially with a bigger import in Deon Thompson in tow and Fil-Am bruiser Caelan Tiongson in harness after missing the previous battle due to injury.

“I think we’re more ready this time. The experience we gained from battling them before, that gives us more wisdom, a better perspective, on how to prepare against them,” said Mr. Guiao.

“It’s also a plus that Caelan (Tiongson) is healthy (this time). Moreover, we have a bigger import. Deon (Thompson) has better range and he’s bigger (than Aaron Fuller). His skill set can also create matchup problems for TNT.” — Olmin Leyba

Filipinos can excel in figure skating — Shibutani siblings

IF THERE’S a sport where Filipinos have the potential to succeed in the future, figure skating is such a discipline.

Winter Olympics figure skating medalists Maia and Alex Shibutani and two-time Olympian Michael Martinez all agree Filipinos have the quality to excel in the sport despite the sport being a little challenging considering the Philippines is a tropical country.

“There’s so many things that can bring people to figure skating, if you love music, dance, choreography, storytelling, and I know those are all things from all my conversations while I’ve been here in Manila that Filipinos really love, so it has a great future in this country and we’re excited to help it grow,” said Alex (Shibutani) during Tuesday’s personal training sessions with a group of skaters and coaches at the MOA Skating Rink.

Mr. Martinez agreed.

“Hopefully, Filipinos wouldn’t restrict ourselves to summer sports because we could actually excel in winter sports and try figure skating,” said the former Asian champion and veteran of the 2014 Sochi and 2018 Pyeongchang Winter Games who is now juggling coaching and competing for almost a decade now.

For Maia (Shibutani), the most important thing is to have desire.

“If you want to try the sport, please come out and try it. I think experiencing it and having that spark of interest is a good beginning,” she said.

The Shibutani siblings and Mr. Martinez, along with celebrity figure skater Skye Chua, were in the country promoting not just figure skating but also ice dancing, courtesy of the United States Embassy and in cooperation with SM Supermalls.

Their arrival came just weeks after the country had started to show interest in winter sports following the breakthrough gold medal captured by the Philippine men’s curling team in the Asian Winter Games in Harbin, China.

Also, figure skaters Isabella Gamez and Russian-born naturalized Filipino Aleksandr Korovin finished a strong fourth in Harbin. — Joey Villar

UN Security Council adopts neutral US stance on war in Ukraine as Trump pursues end to conflict

The United Nations Security Council adopted resolution 2774 (2025) stating that “the Security Council implores a swift end to the conflict and further urges a lasting peace between Ukraine and the Russian Federation” during the meeting on Feb. 24, 2025. — UN PHOTO/ESKINDER DEBEBE

UNITED NATIONS — The United Nations (UN) Security Council on Monday adopted a US-drafted resolution on the third anniversary of Russia’s invasion of Ukraine that takes a neutral position on the conflict as US President Donald Trump seeks to broker an end to the war.

The short resolution reflects Mr. Trump’s upending of US policy on Ukraine after taking office last month and his more conciliatory stance towards Russia. In contrast, former president Joseph Biden’s administration led efforts at the United Nations to support Ukraine throughout the war.

Russia’s UN Ambassador Vassily Nebenzia acknowledged “constructive changes” in the US position on the conflict. He told the council the resolution was “not an ideal one,” but “a starting point for future efforts towards peaceful settlement.”

The 15-member UN Security Council had been deadlocked throughout the war and unable to take any action because Russia holds a veto.

But the 193-member General Assembly has repeatedly supported Ukraine’s sovereignty and territorial integrity and called for a just, lasting and comprehensive peace in line with the UN Charter.

The US failed earlier on Monday to convince the General Assembly to pass the same three-paragraph resolution adopted by the Security Council.

The resolution mourns the loss of life in the “Russia-Ukraine conflict,” reiterates the UN’s purpose is to maintain international peace and security and peacefully settle disputes, and urges a swift end to the conflict and a lasting peace.

Security Council resolutions are considered binding, while General Assembly resolutions are not. However, General Assembly resolutions carry political weight, reflecting a global view on the war.

The Security Council adopted the US resolution with 10 votes in favor, while France, Britain, Denmark, Greece and Slovenia abstained. Russia voted in favor after failing to amend it and vetoing European bids to add language supporting Ukraine.

“This resolution puts us on the path to peace. It is a first step, but a crucial one — one of which we should all be proud,” acting US Ambassador to the UN Dorothy Shea told the council. “Now we must use it to build a peaceful future for Ukraine, Russia and the international community.”

‘NO EQUIVALENCE’
However, Mr. Trump’s approach to mediation has left Ukraine and European allies wary of his focus on Russia and worried they could be cut out of talks to end the war.

Britain’s UN Ambassador Barbara Woodward told the council that the terms of peace in Ukraine matter and must “send a message that aggression does not pay.”

“This is why there can be no equivalence between Russia and Ukraine in how this council refers to this war. If we are to find a path to sustainable peace, the council must be clear on the war’s origins,” she said.

French UN Ambassador Nicolas de Riviere — whose President Emmanuel Macron met with Mr. Trump in Washington on Monday — said that while France was “fully committed to peace in Ukraine, we call for comprehensive, just and lasting peace, and certainly not for capitulation of the victim.”

The General Assembly earlier adopted two resolutions, one drafted by Ukraine and Europeans and one drafted by the US that was amended by the assembly to include its long-held language supporting Ukraine. Those votes gave Ukraine and European states a diplomatic victory over Washington.

“This war has never been about Ukraine only. It is about a fundamental right of any country to exist, to choose its own path and to live free from aggression,” Ukraine’s Deputy Foreign Minister Mariana Betsa told the assembly before the vote.

The amended US-drafted resolution won 93 votes in favor in the assembly, while 73 states abstained, and eight voted no. Russia failed in a bid to amend the US text to include a reference to the “root causes” of the conflict.

The resolution drafted by Ukraine and European countries passed with 93 votes in favor, 65 abstentions and 18 no votes. Along with the United States, some other countries that voted no were Russia, North Korea and Israel. — Reuters

NCAA bars professional coaches from mentoring collegiate teams

PHILSTAR FILE PHOTO

MULTI-TITLED volleyball mentor Jerry Yee will need to give up his coaching job at ZUS Coffee in the professional Premier Volleyball League if he wants to continue handling four-peat feat-seeking College of St. Benilde (CSB) in the NCAA.

This came after the league wrote Mr. Yee and CSB a letter saying the NCAA bars coaches from the pros from coaching in the grand old league.

NCAA Management Committee (Mancom) Chair Herc Callanta of Season 100 host Lyceum of the Philippines University said the NCAA volleyball committee and CSB have already discussed the matter recently but have yet to come up with decisions or resolutions to the issue.

“We have received the letter of inquiry from the NCAA and we will respond accordingly,” said CSB Mancom representative Dax Castellano.

Mr. Callanta, however, said Mr. Yee could still remain with the Lady Blazers in another capacity, but not as a coach. — Joey Villar

Lakers vs Nuggets

Nineteen thousand nine hundred ninety-eight backsides were in seats at the Ball Arena last Saturday, and with reason. The Nuggets were laying a nine-game winning streak on the line against the rival Lakers, and fans figured another blowout was in the offing. Not that they were engaging in wishful thinking; after all, it was no exaggeration to argue that they had been having their way against the purple and gold in recent memory. Thirteen of their last 14 set-tos had ended in victory, and, given their recent bout with success, there was cause to remain confident of their chances.

At the same time, the Nuggets knew danger lurked in the shadows. Their recent spate of triumphs notwithstanding, no less than head coach Michael Malone believed they had far too many frailties for comfort. From his vantage point, they were being propped up by outstanding offense; meanwhile, their effort on the other end of the floor left much to be desired. And it wasn’t as if they were running roughshod over the league elite; in fact, they put up their winning skein versus seeming also-rans. And while there was something to be said about their capacity to take care of business when facing opponents with losing slates, the flipside elicited concern from their brain trust.

True enough, the Nuggets ultimately found themselves absorbing their first regular season setback against the Lakers in close to three years. And considering that they never got to taste the lead from opening tip en route to a 23-point shellacking, the shock emanating from the outcome became all the more pronounced. They never got into a rhythm, with reigning Most Valuable Player awardee Nikola Jokic arguably coming up with his worst game in their 2024-25 campaign to date.

Certainly, the Lakers deserve credit for coming up with a strategy that flummoxed the hosts to no end. If nothing the Nuggets did — or tried to do — worked with consistency, it was because they were outhustled in practically every play. In the aftermath, rookie bench tactician JJ Redick admitted that he spent an inordinate amount of time prepping for the match; needless to say, treating it as much more than just another stop in a protracted schedule benefited his charges. And he was right to have done so, exorcising demons in the process.

In any case, the Nuggets will definitely be more prepared when they face the Lakers anew in two and a half weeks. Not for nothing have they been among the best of the best in the NBA in the Jokic era. And, more than anything else, they have pride; they hate losing, and especially against their immediate past tormentors. Which is to say a humdinger awaits.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

Pope Francis rested well all night, Vatican says

MAZUR-CATHOLICNEWS.ORG.UK

VATICAN CITY — Pope Francis, who is in critical condition in hospital battling double pneumonia, rested well throughout the night, the Vatican said on Tuesday.

The 88-year-old pope was admitted to Rome’s Gemelli hospital on February 14.

“The pope rested well all night,” the Vatican said in a one-sentence statement.

On Monday, the Vatican said the pontiff’s condition remained critical but had shown a “slight improvement”, adding that the “mild kidney insufficiency,” first reported at the weekend, was not a cause for concern.

Double pneumonia is a serious infection that can inflame and scar both lungs, making it difficult to breathe. The Vatican has described the pope’s infection as “complex,” and said it was caused by two or more microorganisms.

Francis, who has been pope since 2013, has suffered bouts of ill health over the past two years. He is particularly prone to lung infections because he developed pleurisy as a young adult and had part of one lung removed.

Thousands of people gathered in St. Peter’s Square on Monday evening to pray for the pope’s recovery.

His friend, the Honduran cardinal Oscar Rodriguez Maradiaga, told La Repubblica newspaper: “I think…it’s not time for him to go to heaven yet.”

The pope signalled in early February that he had a bad cold, which meant he could not read out his speeches. Despite this, he continued to work, with multiple daily meetings and even taking part in open-air Masses, despite the chill.

Some well-wishers have said he should have taken better care of himself, but Maradiaga defended his work ethic.

“He is aware that he has a mission he must carry out, and nothing stops him. The pope explained that he did not accept his election (as pontiff) in order to rest,” he said.

In Monday’s statement, the Vatican said Francis had resumed working in his self-contained apartment within the Gemelli hospital, and had called the Catholic parish in Gaza, which the pope has done frequently during the Israel-Hamas war. — Reuters

Boomi launches API management solution ‘to conquer API chaos’

https://boomi.com/

Boomi has launched a comprehensive API Management (APIM) solution, which it says will help curb application programming interface (API) “sprawl” in organizations.

In a statement, Boomi said the new solution delivers cloud-scale APIM alongside integration and automation, data management, and artificial intelligence (AI) capabilities as part of the Boomi Enterprise Platform.

Boomi API Management is a flexible, holistic solution with support for Boomi and third-party API gateways. Powered by Boomi AI Agents, this helps enterprises “close security gaps, tackle API sprawl, and transform technology investments into a competitive advantage,” the company said.

According to IDC, organizations with GenAI-enhanced apps and services have around five times more APIs than those that have not yet invested in GenAI.

Without proper management, “API sprawl can overwhelm teams, create chaos, and introduce security risks for companies,” it added.

“APIs have become the backbone of AI-driven innovation, enabling seamless interaction between AI models, agents, and enterprise systems,” Shari Lava, senior research director, AI and Automation at IDC, said.

“Effective API management is no longer optional — it is critical for organizations to ensure security, scalability, and governance while reducing complexity and API sprawl. Without a robust APIM strategy, businesses risk losing control over their AI initiatives and missing out on their full transformative potential.”

Unlike API Management point solutions, Boomi API Management is part of the Boomi Enterprise Platform.

“APIs underpin the global digital economy and play a vital role in the AI Era — managing them effectively is crucial for success,” said Ed Macosky, Chief Product and Technology Officer, Boomi.

“Boomi API Management unlocks the full potential of APIs, accelerating growth and digital transformation. By uniting industry-leading integration, automation, and data management, Boomi sets a new standard for API management and AI innovation — helping organizations achieve business outcomes faster.” — CRAG

Global seafarer shortage underscores the need for more Filipino officers

Full Mission Bridge Simulator Room at MOL Magsaysay Maritime Academy | photo by Almira Louise S. Martinez

by Almira Louise S. Martinez, Reporter

The Magsaysay Group of Companies said more Filipino officers in the maritime industry are needed amid the global shortage of seafarers.   

“We all know that global shipping still needs a lot of seafarers, especially for officers,” Marlon R. Roño, president and chief executive officer of Magsaysay People Resource Corporation, told reporters on Tuesday.  

 “Some are even looking at some ways how to really increase that number,” he added. 

According to Migrant Workers Secretary Hans Leo Cacdac, 25% of the global maritime workforce is Filipino, making the Philippines one of the largest suppliers of ratings and officers in merchant ships.  

photo by Almira Louise S. Martinez

Approximately 600,000 Filipino seafarers are deployed in local and global maritime industries, the National Conciliation and Mediation Board (NCMB) said on its website. 

Due to the increasing demands, the Baltic and International Maritime Council (BIMCO) and the International Chamber of Shipping in the Seafarer Workforce Report predict an additional need for 89,510 officers by 2026 to operate the world merchant fleet.

A. Magsaysay Inc. President and Chief Executive Officer Doris M. Ho noted that one of the challenges in producing more Filipino officers is the 12-month cadetship on board.

“Seafarers go for ten months, then they still need to come home, take a vacation, and then go back again,” Ms. Ho told BusinessWorld. “They need two years to complete the graduation.” 

“We can actually get more people. It’s limited by the fact that this [part] is occupied by someone for one and a half years,” she added. 

Ms. Ho said that the Maritime Industry Authority (MARINA) is reviewing the cadetship and plans to make three months of cadetship ashore using simulators and laboratories. 

“If we can make live-based using simulator, laboratories, and then the nine months on board then they can graduate within one year.” 

“We need more officers [in] higher levels, and the only way to do that is to solve this bottleneck,” she added. 

Experts share Do’s and Don’ts of osteoporosis care

Osteoporosis, often called a silent disease, weakens bones and increases the risk of fractures, making it a leading cause of disability among the elderly. In the Philippines, millions are affected, particularly postmenopausal women, underscoring the need for proactive care.

During the Protest E-Series titled “Build New Bone,” held at the Westin Philippine Plaza in Pasig, bone health experts emphasized tailored treatments and preventive strategies to combat this condition. The event brought together leading bone health experts to discuss advances in osteoporosis care and strategies for improving public awareness. By focusing on key do’s and don’ts, experts highlighted how patients can effectively manage the disease and maintain a better quality of life.

According to bone health experts, managing osteoporosis begins with proper nutrition and an active lifestyle. Dr. Monica Cabral, a member of the Philippine College of Endocrinology, Diabetes and Metabolism Board of Trustees, stressed that ensuring adequate calcium and Vitamin D intake is vital. Whether through diet or supplements, these nutrients are the cornerstone of bone health. In addition to proper nutrition, weight-bearing exercises like walking or yoga not only strengthens bones but also reduces the risk of falls — a leading cause of fractures in individuals with osteoporosis.

However, as the disease progresses, lifestyle changes alone may not be enough to manage the condition. Dr. Cabral highlighted that the choice of treatment should depend on the severity of the condition. For severe osteoporosis, anabolic agents such as romosozumab or human parathyroid hormones such as teriparatide, are given to postmenopausal women with very high risk of fracture. “Of these agents, dual action medications that build bone and reduce bone breakdown may offer significant advantages for very high-risk patients,” Dr. Cabral explained.

Romosozumab injections are administered monthly for 12 months to boost bone density and reduce bone breakdown, while teriparatide is injected daily to boost bone density and typically prescribed for 24 months. To sustain these gains, transitioning to maintenance therapies like bisphosphonates (such as alendronate or zoledronic acid) or denosumab is critical. “Stopping therapy suddenly without a maintenance plan can lead to a loss of bone density and an increased risk of fractures,” Dr. Cabral warned, underscoring the importance of continuity in treatment.

Bone density should also be reassessed every one to four years, depending on the patient’s risk level. These checkups allow for early detection of changes and timely adjustments to treatment plans, ensuring patients stay on track for optimal outcomes. Beyond medication, addressing environmental factors is also crucial. Dr. Cabral urged patients to mitigate fall risks, such as slippery floors or insufficient home safety measures, which can cause life-altering fractures. “Medication is essential, but it must go hand in hand with preventative measures to truly protect patients,” she said.

Proactive care is especially critical for postmenopausal women and individuals with a family history of osteoporosis.

Early screening, Dr. Cabral stressed, is key to catching the disease before fractures occur. “Osteoporosis is often diagnosed only after a fracture, but it doesn’t have to be this way,” she emphasized, calling for a shift toward prevention.

Dr. Cabral concluded with a reminder that managing osteoporosis requires a multi-faceted approach. “This isn’t a one-size-fits-all condition. Patients must work closely with their healthcare providers to create a personalized plan that blends medical treatment with lifestyle changes,” she said.

With the right strategies and expert guidance, strengthening bones and reducing the risk of fractures is achievable.

By following these do’s and don’ts, patients can confidently take charge of their bone health and ensure a stronger, safer future. Make sure to always consult your doctor before making any changes to your treatment plan and don’t hesitate to seek professional advice tailored to your individual needs.

 


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Crypto trading booms in India’s interiors as job growth and incomes disappoint

REUTERS

NAGPUR, India, Feb 25 (Reuters) – Like thousands of his countrymen in far-flung places, flower-shop owner Ashish Nagose has been learning about trading cryptocurrencies by attending classes every weekday for the past two months in his home city of Nagpur in western India.

Nagose has bought and sold stock options earlier but is now venturing into cryptocurrencies as regulators have made it harder to trade equity derivatives in India. The 28-year-old believes the red-hot crypto asset class can help shield his family-owned flower shop during downturns.

“I want to run my family shop, and hope that trading can provide a steady income when business slows down, like in the month after (the Hindu festival of) Diwali,” he said, seated at the storefront surrounded by bunches of red roses and orange marigolds.

Newfound crypto enthusiasts in India such as Nagose have helped grow cumulative trading volumes of bitcoin, ethereum, dogecoin and other cryptocurrencies on four of its largest exchanges more than two-fold quarter-on-quarter to $1.9 billion in the October-December quarter, according to data from aggregator CoinGecko.

Many young Indians are dabbling in crypto trading to supplement their regular income in the world’s most populous country where jobs and pay increases have laggedworld-beating economic growth. Nearly two-thirds of its 1.4 billion people are below the age of 35, according to a government report.

From stocks and derivatives, they are now gravitating towards crypto assets whose prices have soared after U.S. President Donald Trump’s election victory in November promised a looser regulatory regime for the asset.

“There is a lot of curiosity at the ground level … especially with Trump becoming the U.S. president and the entire flavour of crypto changing world over,” said Edul Patel, co-founder of Mudrex, an Indian crypto exchange.

Overall, India’s crypto market is expected to grow to more than $15 billion in 2035 from $2.5 billion last year at a compound annual growth rate of 18.5%, said Kush Wadhwa, partner at consulting firm Grant Thornton Bharat.

Retail traders have driven the bulk of the interest in the asset, according to exchange executives, even as ETFs and institutions have pushed up crypto prices globally.

Out of the top 10 centres that propelled crypto activity in India in 2024, seven were lower-tiered cities, such as Jaipur, Lucknow and Pune, according to CoinSwitch, one of India’s largest crypto platforms.

“Growth is now being driven by non-metro cities. That’s true for the stock world and it’s true for crypto,” said Balaji Srihari, vice president at CoinSwitch which has 20 million users.

The surging interest may challenge Indian authorities who have discouraged trading in cryptocurrencies by levying steep taxes and have warned against their risks and volatility.

But that has not stopped 25-year-old Sagar Neware, a Nagpur-based mechanical engineer, from spending his nights trading them.

“My father had to shut down his plastic packaging business a few years back so my first dream is to restart it with the money I can earn from trading,” said Neware, who earns 25,000 rupees ($288) a month from working at the local transport office.

To hone their crypto trading skills, Neware and about two dozen others gather at the Thoughts Magic Trading Academy in Nagpur each weekday.

Yash Jaiswal, an equity options trader who runs the classes in a shop room, says he has tutored about 1,500 people over the last two years.

“You’re just one trade away from your dream life,” says a poster on the wall of the classroom.

MACROECONOMIC RISK
Who has regulatory oversight of cryptocurrencies in India is unclear.

While the 30% tax it levies on crypto trading gains is among the most stringent globally, the country, unlike most G-20 nations, has neither introduced new norms to govern crypto, nor folded it under existing securities rules. It has also not imposed an outright ban on it.

Reuters reported last year that India’s market regulator has signaled it is open to oversight of crypto trade, but the government is still to take a view.

The central bank, though, has continued to warn against it.

“Widespread usage of crypto assets and stablecoins has consequences for macroeconomic and financial stability,” it said in its Financial Stability Report in December 2024.

India’s federal finance ministry, the central bank and the market regulator did not respond to emails seeking comment. — Reuters

Women now make up 43% of Britain’s top boardrooms, report says

STOCK PHOTO | Image from Freepik

LONDON – Women make up about 43% of the boards of directors of Britain’s 350 biggest public companies, according to a government-backed report published on Tuesday that also said more work was needed to boost women’s representation in leadership roles.

In 2024, FTSE 350 companies had women on 43.4% of company boards compared with 40.2% a year earlier, while women held 35.3% of leadership roles versus 33.5% in the previous year, the FTSE Women Leaders Review report said.

For FTSE 100 companies, women’s representation on boards was 44.7% in 2024 while in senior leadership roles it was 36.6%. There was progress from a year ago on both counts.

Board positions can include non-executive positions that lack decision-making functions akin to the role of a CEO.

The report also showed that the number of women CEOs among FTSE 350 companies fell for the second consecutive year – from 21 in 2022 to 20 in 2023, and now to 19 in 2024.

Still, the government said overall progress was positive, given Britain’s voluntary, business-led approach to diversity.

In contrast to countries such as France and Belgium, Britain does not have a mandatory quota system for women on boards at publicly listed companies, but its rules say these firms should have at least 40% of female representation on their boards.

Almost three quarters of the FTSE 350 companies were meeting or exceeding the 40% target, the report said.

“The UK is leading the charge for gender equality in boardrooms, but we cannot rest on our laurels,” British finance minister Rachel Reeves, herself the first ever woman in the role, said in a statement.

“We must break down the barriers that stop many women being represented in decision-making roles, so that top talent reaches the highest levels of leadership in businesses driving economic growth across Britain,” she added.

Among Britain’s 50 biggest private companies, the proportion of women on boards of directors was less than at their public counterparts, at 31%, the report said. — Reuters

Trump says Canada, Mexico tariffs on schedule despite border, fentanyl efforts

REUTERS

WASHINGTON – President Donald Trump said on Monday that tariffs on Canadian and Mexican imports are “on time and on schedule” despite efforts by the countries to beef up border security and halt the flow of fentanyl into the U.S. ahead of a March 4 deadline.

“The tariffs are going forward on time, on schedule,” Mr. Trump told a joint news conference with French President Emmanuel Macron. He had been asked whether Canada and Mexico had done enough to avoid the punishing 25% U.S. duties.

Many had hoped the top two U.S. trading partners could persuade Trump’s administration to further delay tariffs that would apply to over $918 billion worth of U.S. imports from the two countries, from autos to energy. This could wreak havoc on the integrated North American economy, with the automotive sector hit particularly hard.

Mr. Trump did not specifically mention the March 4 deadline. He later referred to his desire for “reciprocal” tariffs to match the duty rates and offset the trade barriers of all countries, including France.

Mr. Trump and Mr. Macron did not publicly discuss another sticking point – digital services taxes imposed by France, Canada and other countries aimed at dominant U.S. tech giants including Google, Facebook and Amazon.

On Friday, Mr. Trump ordered his administration to revive tariff investigations into countries that levy digital service taxes on U.S. firms.

BORDER HOPES DIMMED
Canada and Mexico have taken steps to beef up border security, which bought them about a month’s reprieve from Mr. Trump’s earlier Feb. 1 deadline to impose the tariffs, based on a national emergency declaration.

Any further delay negotiated ahead of the deadline will keep the tariff threat in place at least until clear evidence emerges that Canadian and Mexican measures are working, said Dan Ujczo, a lawyer specializing in U.S.-Canada trade matters.

“There’s progress being made on the security front,” said Mr. Ujczo, senior counsel with Thompson Hine in Columbus, Ohio. “But it’s overly optimistic to think that those tariffs would be fully rescinded.”

The White House, U.S. Trade Representative’s office and Commerce Department did not respond to requests for comment on negotiations expected this week ahead of the March 4 deadline.

MORE TARIFF THREATS
Since Mr. Trump’s initial 25% tariff threat and imposition of a 10% duty on all Chinese imports, he has heaped on more tariff actions that could muddy the waters on border negotiations.

These include substantially raising tariffs on steel and aluminum to a flat 25%, rescinding longstanding exemptions for Canada and Mexico, the largest sources of U.S. imports of the metals. These steep increases, which also extend to hundreds of downstream steel products, are due to take effect a week after the border tariffs, on March 12.

Mr. Trump has also said he wants to impose 25% tariffs on imports of autos, pharmaceuticals and semiconductors, and to match duty rates and trade barriers of other countries.

The threatened tariffs could kick off an early launch of a renegotiation of the U.S.-Mexico-Canada agreement on trade that is due by 2026, Mr. Ujczo added.

Mr. Trump signed the USMCA into law in 2020 after renegotiating the 1994 North American Free Trade Agreement, but has increasingly expressed dissatisfaction with imports of autos from Mexico and Canada.

PROGRESS CITED
On Thursday, Mexican Economy Minister Marcelo Ebrard said on Thursday he had a “constructive dialogue” during a meeting with Trump’s top trade officials.

Mr. Ebrard said in a post on X that the “joint work” on U.S. trade matters starts on Monday.

Mexico has begun deploying as many as 10,000 national guard troops to its northern border, as part of the agreement that Mexican President Claudia Sheinbaum said also called on the U.S. to work to stop the flow of firearms into Mexico.

Canada this month created a new fentanyl czar to coordinate the fight against smuggling of the deadly opioid, appointing senior intelligence official Kevin Brosseau to the post.

Ottawa also has reclassified drug cartels as terrorist entities and has deployed drones, helicopters and other surveillance technologies on the vast northern U.S. border.

Canadian Prime Minister Justin Trudeau has kept in close contact with Trump on the border issues in recent days, including in a Saturday call that included discussions of joint efforts to curb fentanyl trade. He has threatened retaliatory tariffs on C$155 billion ($107 billion) of U.S. imports, including American beer, wine and bourbon and Florida orange juice, but said last week that Canada is “going to do the work” to ensure that tariffs are not imposed. — Reuters