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Trudeau’s star power dimmed after weathering pandemic and Trump

REUTERS

OTTAWA — Justin Trudeau, who said on Monday he would resign as Liberal prime minister once the party names a new leader, led Canada for more than nine years before former allies turned against him.

Mr. Trudeau, 53, the son of longtime former Prime Minister Pierre Trudeau, was born into the public eye and inherited his father’s sense of style and showmanship.

He is one of the few Canadian leaders to win three consecutive terms in office. During his time in power, Canada overcame two major crises: the pandemic and then-US President Donald J. Trump’s demand to renegotiate the trilateral trade deal with Mexico.

Mr. Trudeau is an avowed feminist committed to gender parity in his cabinets who was ultimately brought down by an ugly breakup with former Finance Minister Chrystia Freeland, the most powerful woman in his political life.

Mr. Trudeau took over as Liberal leader in 2013 when the party was in deep trouble and had been reduced to third place in the House of Commons for the first time.

Yet by pushing an upbeat message of “sunny ways,” and taking advantage of voter fatigue with the Conservative government, Mr. Trudeau propelled his party into power in the 2015 election.

Mr. Trudeau was a media sensation and found his face — not to mention his sharp suits and colorful socks — splashed across magazines around the world.

On his first foreign trip in November 2015, he was mobbed in a Manila conference center and had to be whisked away by his security team.

There was also substance. The highlight of his first term proved to be the successful renegotiation of the trilateral trade treaty with the United States and Mexico.

The Canadian side, led by then-Foreign Minister Freeland, managed to preserve an agreement that was crucial for the economy.

“Trudeau handled that with aplomb and great strategy and was able to get a new deal. So I think that’s going to serve him well in the history books,” said historian J.D.M. Stewart, author of two books on Canadian prime ministers.

Mr. Trudeau also spent heavily on social programs, including a commitment to ensure the availability of affordable child care.

SURVIVING SCANDALS
Mr. Trudeau’s initial popularity helped him survive calamities that could have sunk other Canadian politicians.

In 2017, the ethics commissioner ruled Mr. Trudeau had broken conflict-of-interest rules by accepting a vacation, gifts and flights from the Aga Khan. It was the first time a prime minister had been found to have committed such a transgression.

During the 2019 election campaign, it emerged that he had posed in blackface when younger.

He apologized repeatedly, blaming his privileged background. The Liberals retained power, albeit with a minority government that left them reliant on other parties to stay in power.

Within months, the pandemic struck and Mr. Trudeau appeared every day on television for months to reassure Canadians. Yet legislators knocking on doors reported he was starting to put voters off. His approval ratings never recovered.

“One of the reasons why he’s very unpopular right now is that he’s been over-exposed,” said Mr. Stewart, speaking shortly before Mr. Trudeau announced his resignation.

“When you have a big personality … you’re going to probably end up rubbing a few people the wrong way after nine years. They’ve just had enough of you.”

Mr. Trudeau called a snap election in 2021, hoping to be rewarded for his handling of the pandemic. The gambit backfired and the result was another minority government.

The prime minister remained as upbeat and talkative as ever, yet few people realized the effort it took him.

“I always understood that I’m an introvert who learned how to be an extrovert to succeed in politics,” he told the Toronto Star in 2021.

One aide told Reuters that Mr. Trudeau is so shy he found it difficult to look people in the eye, even those closest to him.

Mr. Trudeau’s discomfort with people he did not know well started to cause issues within the party. In books written after they left government, three ministers complained how hard it had been to get past his inner circle. 

TRUDEAUMANIA
One reason for Mr. Trudeau’s caution could be tied to his upbringing as the son of Pierre Trudeau.

“The younger Trudeau has constantly lived with the reality that he is extraordinarily famous and thus most people have always wanted something from him,” journalist and author Steve Paikin said in July 2024.

Pierre Trudeau also courted the limelight and his love of fast cars, flashy clothes and romantic interests sparked a late-1960s phenomenon known as “Trudeaumania,” a term also used to describe the son’s early impact on the media. There were other, more complex, similarities between the men.

“What he inherited from his father, in my opinion, was stubbornness, like not seeing the writing on the wall here,” said University of Toronto politics professor Nelson Wiseman, referring to Mr. Trudeau’s insistence until the end that he was the right man to lead the Liberals.

Mr. Trudeau spun his background as a positive, saying those who grew up in fortunate circumstances were obliged to help their community. He worked as a teacher before entering politics.

“It was my way of doing things, my way of having an impact. And it turns out I was pretty good at it, and I am pretty good at it,” he told US late-night television host Stephen Colbert in September 2024.

But even those close to Mr. Trudeau say he had problems managing personal relationships.

In February 2019, former Justice Minister Jody Wilson-Raybould accused Mr. Trudeau and other officials of inappropriately pressuring her to help construction company SNC-Lavalin avoid a corruption trial.

She resigned and Treasury Board President Jane Philpott also quit, citing a loss of confidence in Mr. Trudeau. The incident was damaging for a prime minister who described himself as a feminist.

The strains of being prime minister also spread into Mr. Trudeau’s personal life.

In August 2023, he announced he and wife Sophie were separating after 18 years of marriage. The couple, who have three children, had talked frankly about difficulties in their relationship and in recent years were seen together less often in public.

The fateful moment in Mr. Trudeau’s downfall turned out to be a clash in December with Ms. Freeland, who was then Finance minister and his main cabinet ally. She quit on Dec. 16 after Mr. Trudeau tried to demote her, a move that aides said shocked him. The resignation set off new calls for Mr. Trudeau to step aside as opposition parties called for a no-confidence vote in parliament that Mr. Trudeau would not have survived. — Reuters

US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing’s military

US and Chinese flags are seen in this illustration. — REUTERS

 – The U.S. Defense Department said on Monday it has added Chinese tech giants including gaming and social media leader Tencent Holdings and battery maker CATL to a list of firms it says work with China’s military.

The list also included chip maker Changxin Memory Technologies, Quectel Wireless, drone maker Autel Robotics, and China’s largest shipping company COSCO Shipping Holdings, according to a document published on Monday.

Two entities owned by Chinese state-owned oil major China National Offshore Oil Corporation were also listed, CNOOC China Ltd and CNOOC International Trading.

The annually updated list of Chinese military companies, formally mandated under U.S. law as the “Section 1260H list,” designated 134 companies, according to a notice posted to the Federal Register.

While the designation does not involve immediate bans, it can be a blow to the reputations of affected companies and represents a stark warning to U.S. entities and firms about the risks of conducting business with them. It could also add pressure on the U.S. Treasury Department to sanction the companies.

The Hong Kong-listed shares of Tencent fell as much as 7% in early trade, while the U.S.-traded shares of the company, which is also the parent of Chinese instant messaging app WeChat, fell 8% in over-the-counter trading.

Tencent said in a statement that its inclusion on the list was “clearly a mistake.” It added: “We are not a military company or supplier. Unlike sanctions or export controls, this listing has no impact on our business.”

CATL, the world’s largest electric vehicle battery maker whose Shenzhen-listed shares dropped more than 5%, also called the designation a mistake, saying it “is not engaged in any military-related activities.”

A Quectel spokesperson said the company “does not work with the military in any country and will ask the Pentagon to reconsider its designation, which clearly has been made in error.” Quectel’s shares fell nearly 7%.

COSCO’s HK-listed shares dropped more than 4%.

The Chinese embassy in Washington said it opposed the move and urged the U.S. to correct its “discriminatory practices”, adding that China would safeguard the legitimate rights and interests of its own firms.

The other companies did not immediately respond to requests for comment.

 

IMPACT ON COMPANIES

The updated list is one of numerous actions taken by Washington in recent years to highlight and restrict Chinese companies it says pose security risks, weighing on strained relations between the world’s two biggest economies.

In 2021, the U.S. Defense Department removed Xiaomi1810.HK after the Chinese tech firm sued the U.S. government for including it on the list. A federal judge had called the U.S. government’s process to include Xiaomi “deeply flawed”.

Morningstar senior equity analyst Ivan Su said he believed Tencent had a good chance to secure exclusion through U.S. courts, like Xiaomi, but that its inclusion could result in reputational damage.

Tencent’s U.S. earnings exposure was in the high-single-digit percentage range, he added, mostly made up of gaming revenue. “While this represents the maximum potential downside, we see it as highly unlikely that Tencent’s US gaming revenue will be affected over the near term.”

Jefferies said in a research note the purpose of the Chinese Military Companies (CMC) list was to express the opinion of the Defense Department which could serve as a reference for other government departments.

“The most serious consequence for CMC companies is U.S. investment ban, but it’s all up to Trump and his team.”

Craig Singleton, a China expert at the Foundation for Defense of Democracies, said the additions showed that it was “reckless” for American firms to conduct business with a growing swath of Chinese corporations.

“The U.S. isn’t just safeguarding a handful of technologies anymore,” he said. “The garden of sensitive technologies is growing, and the fence protecting them is being fortified.”

Other companies added include MGI Tech 688114.SS, which makes genomic sequencing instruments, and Origincell Technology, which lawmakers have alleged operates a cell bank network and bio-storage technologies. Neither firm immediately responded to requests for comments.

U.S. lawmakers had pushed the Pentagon throughout 2024 to add some of the companies, including CATL, to the list. Ford Motor F.N is building a battery plant in Michigan and plans to license CATL technology to produce low-cost lithium-iron batteries at the facility – a move that has sparked concerns by some lawmakers. Ford did not immediately comment on Monday.

Two previously listed companies, drone maker DJI and Lidar-maker Hesai Technologies, both sued the Pentagon last year over their previous designations, but remain on the updated list.

The Pentagon also removed six companies it said no longer met the requirements for the designation, including AI firm Beijing Megvii Technology, China Railway Construction Corporation Limited, China State Construction Group Co and China Telecommunications Corporation. – Reuters

Malaysia, Singapore announce deal on Johor economic zone

Screenshot from Google Maps

 – Malaysia and Singapore announced on Tuesday an agreement on a special economic zone in the southern Malaysian state of Johor, aiming to support investment and free up movement of goods and people between the countries.

The Southeast Asian neighbors first agreed in principle to jointly develop the economic zone a year ago. Tuesday’s agreement was announced during a visit to Malaysia by Singapore Prime Minister Lawrence Wong and senior cabinet ministers.

The two countries are aiming to attract high-value investments in sectors ranging from manufacturing and logistics to tourism and energy transition, Malaysia’s Economic Minister Rafizi Ramli told reporters.

They are targeting 50 projects at the economic zone within the first five years of its inception, and the creation of 20,000 skilled jobs.

Malaysia will set up and manage an infrastructure fund to support companies looking to set up there, while Singapore will create its own fund to facilitate investments and support Singaporean companies operating in Johor, Rafizi said.

Thousands of Malaysians commute every day to small but wealthy Singapore for work and study, causing frequent traffic congestion on the causeway between the countries, one of the world’s busiest border crossings. – Reuters

Exxon sues California AG, environmental groups over attacks on recycling efforts

STOCK PHOTO | By Harrison Keely - Own work, CC BY 4.0, https://commons.wikimedia.org/w/index.php?curid=137436023

Exxon Mobil filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court records show, accusing them of defaming and disparaging the oil giant’s advanced plastics recycling initiatives.

The lawsuit is a sign of how Exxon is increasingly fighting back against environmentalists and other critics who have brought lawsuits against the company alleging its involvement in climate change and rising greenhouse gas emissions.

Filed in federal court in Beaumont, Texas, the lawsuit accused Bonta of acting in concert with a law firm called Cotchett, Pitre & McCarthy, LLP that has ties to IEJF, an Australian non-profit controlled by billionaire Fortescue founder Andrew Forrest’s company Minderoo Foundation.

Fortescue competes with Exxon in low-carbon solutions and the energy transition sector, the lawsuit said.

Cotchett had recruited U.S. environmental groups as plaintiffs in a lawsuit against Exxon, and also contributed to Bonta’s political campaign, Exxon said.

The company is asking for undisclosed damages and a retraction of what it called defamatory statements.

A spokesperson for the California Department of Justice said: “This is another attempt from ExxonMobil to deflect attention from its own unlawful deception. The Attorney General is proud to advance his lawsuit against ExxonMobil and looks forward to vigorously litigating this case in court.”

Bonta sued Exxon last year, saying the company had engaged in decades-long deception about the limitations of recycling and asked a court to “hold ExxonMobil fully accountable for its role in actively creating and exacerbating the plastics pollution crisis.”

Exxon’s advanced recycling technology uses heat to break down plastics that are difficult to recycle to a molecular level so they can be reused.

Exxon separately sued activist investors last year after they filed a shareholder proposal on climate change. The company continued to pursue the lawsuit even after the activist investors withdrew the proposal, which raised alarm from climate advocates that the legal action would muzzle debate between shareholders and public companies. A U.S. judge threw out Exxon’s lawsuit in June.

“Instead of coming alongside efforts to support a developing technology … Defendants are repeatedly and publicly attacking ExxonMobil with false accusations of being a ‘liar’ and declarations that advanced recycling is a ‘myth’ and a ‘sham,'” Exxon said in the complaint.

In November, Exxon said it was moving forward with a plan to spend $200 million in Texas to expand its advanced recycling capabilities.

Exxon has been selling off its California oil and gas properties and criticizing the state’s energy regulations. – Reuters

Trump expected to meet Senate Republicans in Washington on Wednesday, Hill aide says

 – Donald Trump is expected to meet Republican U.S. senators on Wednesday, a Republican aide said on Monday, as the president-elect urges his party to combine his priorities into one massive bill.

The aide added that a time and location for the meeting were still to be determined.

 

WHY IT’S IMPORTANT

Mr. Trump will take office on Jan. 20 after winning the Nov. 5 U.S. elections in which his Republican Party also won a narrow majority in both the Senate and the House of Representatives.

Republicans have been weighing a complex legislative strategy that could allow them to bypass Democratic opposition to boost border spending and extend Mr. Trump’s 2017 tax cuts, which are due to expire this year.

 

CONTEXT

The president-elect will be in Washington for the funeral of former President Jimmy Carter. Senate Republican leaders extended an invite to meet him on Wednesday, Punchbowl News reported earlier.

Mr. Trump on Sunday urged his fellow Republicans in Congress to combine his priorities into one massive bill that would cut taxes, bolster border security and increase domestic energy production. He said Republicans could cover the cost – which could amount to trillions of dollars – by raising tariffs on imported goods.

Republicans in Congress were at odds over how to proceed with Mr. Trump’s agenda, with some warning of potential failure, even as Mr. Trump himself called for quick action to pass his priorities. – Reuters

US Steel, Nippon sue Biden administration over decision to block merger

Source: https://www.ussteel.com/media/video-image-library

 – US President Joe Biden unlawfully blocked Nippon Steel’s $14.9 billion bid for US Steel through a sham national security review, the companies alleged in a lawsuit filed on Monday.

The companies want a federal appeals court to overturn Mr. Biden’s decision to scuttle the deal so they can secure another shot at approval through a fresh national security review unfettered by political influence.

The lawsuit alleges Mr. Biden prejudiced the decision of the Committee on Foreign Investment in the US which scrutinizes foreign investments for national security risks, and violated the companies’ right to a fair review.

The merger had become highly politicized ahead of the November US presidential election, with Democrat Biden and Republican President-elect Donald Trump pledging to kill it as they wooed voters in the swing state of Pennsylvania where US Steel is headquartered. United Steelworkers union President David McCall opposed the tie-up.

Mr. Trump and Mr. Biden both asserted the company should remain American-owned even after the Japanese firm offered to move its US headquarters to Pittsburgh, where the US steelmaker is based, and promised to honor all agreements between US Steel and the USW.

Mr. Biden sought to kill the deal to “curry favor with the USW leadership in Pennsylvania in his bid for reelection,” the companies allege.

“As a result of President Biden’s undue influence to advance his political agenda, the Committee on Foreign Investment in the United States failed to conduct a good faith, national security-focused regulatory review process,” the companies said in a statement.

A White House spokesperson defended the review, adding, “President Biden will never hesitate to protect the security of this nation, its infrastructure, and the resilience of its supply chains.”

The lawsuit, which echoes claims the companies made in a Dec. 17 letter to CFIUS seen by Reuters, shows the companies are making good on their threats of litigation.

“We can’t back down after being treated unreasonably. We will fight back thoroughly,” Nippon Steel Vice Chair Takahiro Mori told Nikkei on Monday.

Mr. Mori said the CFIUS review process lacked integrity as the Japanese company received no written feedback on the proposed national security agreement.

The prospects of the lawsuit, which also names US Attorney General Merrick Garland and Treasury Secretary Janet Yellen, are unclear. Ms. Yellen oversees CFIUS. Courts generally give great deference to CFIUS to define national security, experts say.

The Justice Department declined to comment and the Treasury Department did not respond to a request for comment.

Mr. Trump said in a post on his social media platform on Monday: “Why would they want to sell US Steel now when Tariffs will make it a much more profitable and valuable company?”

Nippon Steel’s partnership with US Steel aligns with Mr. Trump’s vision of strengthening US manufacturing, Nippon Steel CEO Eiji Hashimoto told reporters on Tuesday in Tokyo.

“If we win the case and CFIUS reopens the review … we will explain once again that this acquisition is beneficial to the United States,” Hashimoto said. “And I am sure we will be able to gain the understanding.”

Nippon Steel shares were down 1.5% at 0114 GMT in Tokyo.

 

CLIFFS, USW ALSO TARGETED

The companies also filed a second lawsuit against rival bidder Cleveland-Cliffs, its CEO Lourenco Goncalves and the USW’s McCall “for their illegal and coordinated actions” aimed at preventing the deal.

They argue Cliffs, Mr. Goncalves and Mr. McCall colluded to allow Cliffs to “monopolize the domestic steel markets” by thwarting any other attempts to buy US Steel.

Mr. Goncalves participated in at least nine calls assuring investors that Biden would scuttle the Nippon Steel merger, according to last month’s letter to CFIUS, Reuters reported.

Mr. Goncalves said in a statement on Monday that “Nippon Steel and US Steel continue to play the blame game in a desperate attempt to distract from their own failures. Today’s lawsuits against the US government, the USW, and Cleveland-Cliffs represent a shameless effort to scapegoat others for US Steel’s and Nippon Steel’s self-inflicted disaster.”

Mr. McCall said the USW would “vigorously defend against these baseless allegations.”

Last week, Mr. Biden blocked the proposed purchase on national security concerns, dealing a potentially fatal blow to the contentious plan after a year of review.

US Steel, founded in 1901 by some of the biggest US magnates, including Andrew Carnegie, J.P. Morgan and Charles Schwab, became intertwined with the industrial recovery following the Great Depression and World War Two.

US Steel shares closed up about 8% on Monday. The company has been under pressure following several quarters of falling revenue and profit, making it an attractive takeover target for rivals looking to expand their US market share.

 

‘MANIPULATED’ REVIEW PROCESS

Nippon Steel’s December 2023 bid for US Steel faced early challenges.

Mr. Biden opposed the deal on March 14, before the CFIUS review began, which the companies claim prejudged the outcome and deprived them of due process.

Mr. McCall endorsed Mr. Biden a week later.

Mr. Biden was later replaced on the 2024 Democratic presidential ticket by Vice President Kamala Harris, who also opposed the deal and was endorsed by the USW.

CFIUS normally approves a deal or recommends the president block it, but in rare cases, it refers them to the president, as it did with the Nippon Steel deal on Dec. 23, setting the stage for Biden’s move to block.

Before that, CFIUS staff were barred from negotiating with the companies on a proposed agreement to address the committee’s national security concerns, the statement by U.S. Steel and Nippon Steel alleges, a marked deviation from normal practice.

“It is clear that the review process was being manipulated so that its outcome would support President Biden’s predetermined decision,” the companies said. – Reuters

Global marketing leaders convene in Manila for 4th World Marketing Forum and 53rd National Marketing Conference

Global marketing leaders, innovators, and professionals gathered in Manila for the 4th World Marketing Forum and the 53rd National Marketing Conference, hosted by the Philippine Marketing Association (PMA) in collaboration with the Asia Marketing Federation (AMF). Held from Nov. 5 to 8, the four-day summit addressed critical topics shaping the future of marketing, including artificial intelligence, sustainability, and next-generation consumer engagement strategies.

Drawing around 2,000 participants, the event brought together delegates from 19 countries, including Japan, Thailand, Indonesia, and Bangladesh. It showcased Manila’s role as a hub for regional thought leadership in marketing and emphasized collaboration to address global and regional challenges.

The summit began with an exclusive Ambassador’s Night at Casa Buenas, Newport World Resorts, where PMA President Kathy Mercado welcomed international delegates and set the stage for discussions on marketing’s evolving role in driving economic growth and innovation across Asia. The evening laid the groundwork for the insights and connections that would unfold over the next three days.

On Nov. 6, the World Marketing Forum took center stage at the Newport Performing Arts Theater, capturing attention with a Star Wars-themed presentation. The forum featured global marketing luminaries, including Philip Kotler, who joined virtually to discuss strategies for resilience and adaptation in a rapidly changing business environment. AMF Founder Hermawan Kartajaya shared insights on emerging trends, while speakers from PwC, Nielsen, and StoryIQ explored the transformative potential of artificial intelligence and data-driven marketing in shaping consumer insights and engagement.

The National Marketing Conference, held on Nov. 7 under the theme “Marketing Wars 6.0 and Beyond,” brought the challenges of the modern marketing landscape into focus. Fine Hygienics CEO James Michael Lafferty stressed the importance of foundational marketing principles, urging marketers to prioritize storytelling and authenticity over fleeting digital trends. Entrepreneur RJ Ledesma shared strategies for building resilience in volatile markets, while a panel discussion led by executives from Chowking and CIBO Philippines examined strategies for connecting with Gen Z and Gen Alpha consumers.

Beyond the conference sessions, the summit also highlighted the Philippines’ cultural richness. Delegates participated in a Hop-On-Hop-Off tour of Manila organized by the Department of Tourism and capped the day with a gala night at Goldenberg Mansion. The event featured traditional Filipino performances and a tour of Malacañan Palace, offering international participants a glimpse into the country’s history and heritage.

The summit concluded on Nov. 8 with the Asian Marketing Excellence Awards at the Hilton Grand Bar, recognizing outstanding achievements in marketing across the region. Thailand’s Minor Food Group was awarded the Marketing 3.0 Award, while Pyathai-Paolo Group was recognized as Marketing Company of the Year. Individual awards honored emerging talents and innovators, highlighting the diverse contributions shaping the future of marketing across Asia.

PMA Director Albet Buddahim underscored the relevance of the summit in addressing the challenges faced by marketers today. “This event tackled the wars marketers face — balancing generational shifts, navigating the explosion of digital platforms, and choosing which battles to prioritize. It provided tools and insights to navigate these complexities successfully,” he said.

PMA Executive Vice-President Michelle Ballesteros emphasized the summit’s focus on sustainability and its role in fostering responsible marketing. “This gathering reinforces our commitment to marketing for good — advocating for strategies that not only drive business growth but also protect the planet and improve lives,” she said.

By addressing the most pressing issues in marketing, the 4th World Marketing Forum and the 53rd National Marketing Conference highlighted the growing influence of Asia in shaping the future of the industry. Through participation from marketing leaders, global companies, and cultural showcases, the event underscored Manila’s pivotal role as a hub for collaboration and innovation, providing actionable insights for marketers navigating rapidly shifting dynamics and setting a benchmark for industry events across the region.

The event is supported by a network of allied organizations, including the Asia Center for Small Business-Philippines (ACSB), Chamber of Real Estate & Builders’ Associations, Inc. (CREBA), Philippine Youth Entrepreneurs Association (PYEA), AI Global Council, The Philippine Chamber of Commerce and Industry-National Capital Region (PCCI-NCR), Global Compact Network Philippines (GCNP), International Council for Small Business (ICSB), Malaysia Chamber of Commerce, Inc. (MCCI), Hotel and Restaurant Association of the Philippines (HRAP), Philippine Plastics Industry Association, Inc. (PPIAI), and Out-of-Home Advertising Association of the Philippines (OHAAP).

Newport World Resorts serves as the venue partner, while supporting partners include Exlink Management & Marketing Services Corp., AQA Advertising, and Katapult Digital. Additionally, Shoppertainment LIVE, Uniquecorn Strategies PR, Philippine Business Coalition for Women Empowerment, and ZOE Broadcasting Network served as the PR and communications partners.

 


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Manhattan drivers face $9 fee in first such US effort to fight gridlock

REUTERS

WASHINGTON – New York City drivers on Monday had to pay $9 to enter Manhattan under the first such congestion fee in the U.S., which seeks to raise billions for mass transit and reduce traffic jams.

The fee went into effect on Sunday after New Jersey failed on Friday to convince a judge to halt it pending an appeal.

The city rushed to implement the charge before President-elect Donald Trump’s inauguration on Jan. 20. Trump, who has a Manhattan residence, opposes the fee and said he would seek to block it.

New York is imposing the $9 charge on passenger vehicles in the daytime in Manhattan south of 60th Street. Trucks and buses will pay up to $21.60. The fee is reduced by 75% at night.

Charged via electronic license plate readers, private cars will pay once a day regardless of how many trips they make. Taxis will pay 75 cents per trip and ride-share vehicles reserved by apps like Uber UBER.N and Lyft LYFT.O will pay $1.50 per trip.

While New York is the first U.S. city to impose such a toll, London implemented one in 2003, and the fee is now 15 pounds ($19).

Sarah Kaufman, director of New York University’s Rudin Center for Transportation, said Monday that the experience of other world cities shows that the charge initially is very unpopular.

Then residents “began to appreciate the reduction in traffic and the increased transit services. So ideally, that’s what will happen here in New York,” she said.

New York’s Metropolitan Transportation Authority said the program will result in 80,000 fewer cars a day, about an 11% reduction, in what it called the most congested district in the United States.

More than 700,000 vehicles enter the Manhattan central business district daily, slowing traffic to around 7 mph (11 kph) on average. That is 23% slower than in 2010.

The city estimates the congestion charge will bring in $500 million in its first year. New York Governor Kathy Hochul said the money would underpin $15 billion in debt financing for investment in subways, buses and other mass transit improvements. — Reuters

France identifies first case of new mpox variant, AFP reports

AN ILLUSTRATION of mpox virus particles. — FRED HUTCH CANCER CENTER/HANDOUT VIA REUTERS

PARIS – France has identified its first case of the new mpox variant, news agency AFP reported on Monday, citing a statement from the country’s health ministry.

The patient had not traveled to Central Africa, where the new form of the virus originated but was in contact with two people who had returned from that region, AFP reported, citing the ministry.

Health authorities are investigating the source of the infection and are working to trace all potential contacts, according to AFP.

The patient is a woman and was diagnosed in the northwestern region of Brittany at a hospital in Rennes, French regional newspaper Ouest France reported.

The new form of the mpox, called clade 1b variant, is linked to a global health emergency declared by the World Health Organization in August.

Neighboring Germany reported its first case in October, as did Britain. — Reuters

Philippines deploys maritime and air assets to monitor China’s ‘monster ship’

PHILIPPINE COAST GUARD PHOTO

MANILA – The Philippines has deployed air and sea assets of its military and coast guard in its exclusive economic zone to monitor China’s largest coast guard vessel, calling the ship’s presence an act of Chinese “intimidation, coercion and aggression”.

According to the Philippine coast guard, the 165 m (541 ft) long vessel 5901, referred to by the Philippines as “the monster”, was 65 to 70 nautical miles off the coast of the province of Zambales on Sunday.

“We have all our assets pointed at this monster ship. The moment it (carries out) any provocative action, it will be met with appropriate response,” Jonathan Malaya, spokesperson for the National Security Council told state television on Monday.

China’s embassy in Manila did not immediately respond to a request for comment.

Ties between China and U.S. ally the Philippines have soured in the past few years, with spats frequent as Manila, under President Ferdinand Marcos Jr, pushes back at what it sees as aggression by Beijing. China has accused the Philippines of repeated encroachment in its waters.

China claims most of the South China Sea, a key conduit for $3 trillion of annual ship-borne trade, as its own territory, with a massive coast guard presence in and around the EEZs of neighbours Vietnam, the Philippines and Malaysia.

Beijing rejects a 2016 ruling by The Hague-based Permanent Court of Arbitration that said those expansive maritime claims had no legal basis.

According to video shared by the Philippine coast guard, it ordered the Chinese vessel to leave the area, warning it has no authority to operate there. In its radioed response, the Chinese ship said it was conducting law enforcement duties within its jurisdictional waters.

“This is part of China’s intimidation, coercion, aggression and deception. They are showcasing their ship to intimidate our fishermen,” Malaya said, adding the Philippine maritime presence would be boosted to support fishermen. — Reuters

BSP says complacency not an option as upside risks to inflation remain

BW FILE PHOTO

MANILA – The Philippine central bank said on Tuesday complacency is “not an option” as upside risks to inflation remain, as commodity prices may rise due to geopolitical tensions and adverse weather.

“Therefore, the BSP will continue to focus on maintaining price stability conducive to a balanced and sustainable growth of the economy and employment,” the Bangko Sentral ng Pilipinas (BSP) said in a statement.

“As a whole, the BSP remains ready to respond when necessary, guided by its data-dependent approach,” it added. — Reuters

DBM issues budget call for 2026

BW FILE PHOTO

The Department of Budget and Management (DBM) has called on government departments and agencies to start preparing their budget proposals for 2026.

Budget Secretary Amenah F. Pangandaman issued the National Budget Memorandum No. 153, signaling the preparatory stage for drafting the National Expenditure Program and outlining the priorities for next year.

“The proposed national budget and its priorities shall be anchored on the National Government’s commitment to the achievement of the PDP (Philippine Development Plan) 2023-2028, which is aligned with objectives of the 2030 Agenda for Sustainable Development and the AmBisyon Natin 2040,” she said.

AmBisyon Natin 2040 refers to the “collective long-term vision and aspirations of the Filipino people” over the next 25 years, aiming to achieve a middle-class society with a per capita income expected to increase by at least three-fold.

“With few years remaining until the 2030 Agenda, there is a need to accelerate the progress or reverse the negative trends to achieve the global goals of establishing a transformative vision towards economic, social, and environmental sustainability,” Ms. Pangandaman added.

She said that the budget should seek to manage the lingering effects of inflation, such as high food and fuel prices, and safeguard Filipino’s purchasing power.

It should also aim to support infrastructure investments and continue the government’s efforts in the digitalization of “public financial management to boost bureaucratic efficiency and drive transparent service delivery.”

The DBM Secretary said that the spending plan should spur a “more inclusive” and “balanced” development landscape by “striking a balance” between the geographical needs of urban areas in the regions.

“Fully aware, however, of the impact of the country’s debt burden and the competing demands of government agencies, the allocation of the FY 2026 budget will be optimized,” Ms. Pangandaman said.

Data from the Bureau of the Treasury said that outstanding debt hit a record high of P16.02 trillion as of end-October last year.

In its Medium-Term Fiscal, the Development Budget Coordination Committee (DBCC) set a P6.54 trillion spending target in 2026. It also projected that revenue will hit P5.063 trillion or 16.2% of the gross domestic product (GDP) next year.

The DBCC also expects GDP to grow by 6-8% over the 2026 to 2028 period. — Aubrey Rose A. Inosante