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Special non-working days declared in 6 municipalities, 2 cities

PRESIDENT FERDINAND R. MARCOS, JR. — PCO.GOV.PH

PRESIDENT Ferdinand R. Marcos, Jr. declared special non-working days in six municipalities and two cities under eight proclamations marking local foundation anniversaries and festivals.

Executive Secretary Lucas P. Bersamin signed Proclamation Nos. 1088 to 1095 on Nov. 12 by authority of the president.

Proclamation No. 1088 designated Nov. 20 as a special non-working day in Hinoba-an, Negros Occidental for its founding anniversary, while Proclamation No. 1089 declared Nov. 29 a holiday in Aurora, Zamboanga del Sur for the Badak Festival, also known as Adlaw sa Aurora.

Under Proclamation No. 1090, Cainta, Rizal will mark its founding anniversary and Sumbingtik Festival on Dec. 1. Proclamation No. 1091 sets Dec. 9 as a holiday in Burgos, Ilocos Norte for the town’s founding anniversary.

Proclamation No. 1092 designated Dec. 18 as a special non-working day in Tuguegarao City, Cagayan for its charter anniversary, while Proclamation No. 1093 marked Dec. 23 as a holiday in Bayawan City, Negros Oriental for its 25th charter anniversary.

Proclamation No. 1094 also set Dec. 23 as a holiday in Sto. Niño, South Cotabato for the celebration of its 45th founding anniversary and the 26th Hinublag Festival.

While Proclamation No. 1095 declared Dec. 23 a special non-working day in Mayantoc, Tarlac for its founding anniversary. — Chloe Mari A. Hufana

Creamline faces Cignal for better Reinforced quarterfinals placing

CREAMLINE COOL SMASHERS — FACEBOOK.COM/PREMIERVOLLEYBALLLEAGUE

Games on Tuesday
(Ynares Center-Montalban)
1:30 p.m. – ZUS vs Nxled
4 p.m. – Akari vs Choco Mucho
6:30 p.m. – Creamline vs Cignal

IT will be a positional battle for the eight teams that have already punched their tickets to the quarterfinals including Creamline and Cignal, which clash on Tuesday in the PVL Reinforced Conference at the Ynares Center-Montalban.

The Cool Smashers are currently at fourth with a 5-2 record while the Super Spikers at sixth with a 4-3 mark and the winner of their 6:30 p.m. showdown could shake things up in the standings with only two elimination round play dates to go.

Practically anything can still happen approaching the quarters, which will pit the No. 1 team versus No. 8, No. 2 against No. 7, No. 3 versus No. 6 and No. 4 against No. 5 in a brutal knockout format.

Of course, getting a win entering the playoff phase is vital especially for the team’s morale.

“It’s always nice to go into your next game knowing you’re coming from a win,” said Creamline coach Sherwin Meneses.

Mr. Meneses knows though the key is preparation especially facing a team like Cignal that appeared like it has turned things around for the good.

“Every game, we really need to make adjustment whichever team we face,” he said. “I think Cignal’s momentum is really strong and it’s something we have to match.”

Also trying to make a good place in the quarters are ZUS Coffee and Akari.

The Thunderbelles, tied with the PLDT High Speed Hitters and the Farm Fresh Foxies at the helm with 6-1 records, face off with the already ousted Nxled Chameleons (0-7) at 1:30 p.m. while the Chargers (4-3) tackle the also eliminated Choco Mucho Flying Titans (2-5) at 4 p.m.

Like everybody else, Akari is aiming to get a winning feeling entering the quarters.

“Our hope is to end this round with a win,” said Akari mentor Tina Salak. — Joey Villar

CSB guns for quarters slot and twice-to-beat advantage against JRU

COLLEGE OF ST. BENILDE — FACEBOOK.COM/GMASYNERGY

Games on Tuesday
(Filoil EcoOil Arena)
8:30 a.m. – Mapúa vs SSC-R (Jrs/Srs)
2:30 p.m. – CSB vs JRU (Srs/Jrs)

COLLEGE of St. Benilde (CSB) eyes an outright quarterfinal slot and a chance to close in on a twice-to-beat quarterfinal incentive as it tackles Jose Rizal University (JRU) on Tuesday in NCAA Season 101 at the Filoil EcoOil Arena.

A win for the CSB Blazers, currently at No. 2 in Group B with a 7-4 card, would seal it an outright quarters seat while handing the Colegio de San Juan de Letran Knights, at No. 3 with a 7-5 card, the third last slot to the playoff phase on a silver platter.

“That’s our hope but it won’t be an easy ride,” said CSB coach Charles Tiu, who will be without their main man — reigning MVP Allen Liwag — again.

For the JRU Bombers, who are at No. 4 with a 6-6 record, they are hoping and praying for a big win over the Blazers in their 2:30 p.m. duel and, if the stars align, forge a three-way tie for the last two slots in the quarters.

While it’s not in its control anymore, JRU could only hope for the best.

Mapúa University, for its part, is fighting for a twice-to-beat edge as it tangles with San Sebastian College-Recoletos (SSC-R) at 11 a.m.

The Mapúa Cardinals currently cling at No. 2 in Group A with a 6-5 record while the SSC-R Stags are fifth and last in their bracket with a 3-9 mark.

If Mapúa could beat SSC-R and Arellano University, which is No. 3 in Group A with a 5-6 slate, on Friday, it would seal that important quarters bonus. — Joey Villar

Sinner wins Alcaraz battle to retain ATP Finals title

JANNIK SINNER — ATP TOUR/CORINNE DUBREUIL

TURIN, Italy — Italy’s Jannik Sinner retained his ATP Finals title on Sunday, sending the Turin crowd wild as he battled past Spanish world number one and rival Carlos Alcaraz, 7-6(4), 7-5, in the decider to the season-ending championships.

Sinner, backed by a raucous Italian crowd, fell to the floor after breaking his rival’s serve in the final game before racing to celebrate with his team as chants of “Ole, Ole, Ole, Sinner, Sinner” rang around the Inalpi Arena.

“Finishing in front of the Italian public was a fantastic thing, maybe even better than last year, thank you very much for the support, it was incredible,” Sinner said.

“Thanks to all of you, it felt like being on a football pitch.”

In a season defined and dominated by the rivalry between the two players, it seemed inevitable that they would meet in the title clash and both obliged by easing through the tournament unbeaten to set up one last dance in Turin.

SINNER UNDER PRESSURE
Alcaraz forced the only break point in the first set but Sinner held firm and brought the crowd to its feet with a tiebreak win, and sealed the match when the Spaniard was unable to hold while serving to stay in the contest.

Sinner missed out on ending the year as world number one to Alcaraz after the Spaniard won his three round-robin matches this week but the Italian won the last act of 2025 to crown the best season of his career.

The 24-year-old reached the final of all four Grand Slams, winning the Australian Open and Wimbledon, while Alcaraz has also had a stellar year, winning Roland Garros and the US Open, beating Sinner in both finals.

“Hopefully you’re going to be ready for next year,” Alcaraz said with a smile.

“Because I will be ready.”

Alcaraz put Sinner to the test in Turin but despite not being at his best and struggling with his service game, which had powered him past opponents all week, the Italian held his nerve.

Sinner won his opening service game to love with Alcaraz responding in kind, and at 2-2 the Spaniard forced deuce before a medical emergency in the stands led to a 10-minute break, the duo chatting over the net, belying the tension in the arena and on court.

When play resumed, Sinner advanced to the net to slam down a winning volley and fired an ace to hold. Alcaraz required a medical time-out during the break at 5-4 up before forcing the first break point of the match at 6-5.

Sinner survived and after letting slip a mini-break in the tiebreak, the champion brought the crowd to its feet smashing down a lob after Alcaraz had chased back to return a drop shot and then catching out the Spaniard with a lob of his own to take the first set.

The Spaniard had chances to take the final distance, breaking the Italian in the opening game of the second set where Sinner hit two double faults. Yet Sinner came back to level the set at 3-3 and came through when it counted.

Sinner arrived in the final on a remarkable indoor hardcourt winning run of 30 matches since losing to Novak Djokovic in the 2023 decider in Turin, also the last time the Italian dropped a set in the competition.

Appearing in his third successive final in the season-ender, Sinner had lost four of his previous five meetings with Alcaraz this year, which all came in finals, but he was not to be denied in Turin, where his win earned him a record $5.07 million in prize money. — Reuters

Bo Nix, Wil Lutz guide Broncos past Chiefs for 8th straight win

WIL LUTZ kicked a 35-yard field goal as time expired, and the host Denver Broncos beat the Kansas City Chiefs, 22-19 on Sunday for their eighth straight win.

Denver (9-2), which overcame 147 yards on 10 penalties, leads the AFC West by two games over the Los Angeles Chargers and 3 1/2 over Kansas City (5-5), which has lost two straight.

The game was tied at 19 when the Broncos drove from their 26 to the Chiefs’ 15 before Bo Nix took a knee to set up Lutz’s fifth field goal of the day. Lutz’s kick split the uprights.

Nix, who was 24-for-37 passing for 295 yards, completed two third-down passes to Courtland Sutton and a 32-yarder to Troy Franklin on the drive.

Jaleel McLaughlin rushed for Denver’s only touchdown (TD).

Chiefs quarterback Patrick Mahomes was 29-for-45 passing for 276 yards, a touchdown and an interception. Kareem Hunt ran for a score and Travis Kelce had nine catches for 91 yards and a TD for Kansas City.

The Chiefs trailed 16-13 when Mahomes connected with Kelce on a 21-yard TD pass, but Frank Crum blocked the extra point to keep it 19-16 with 9:57 left.

It was the 84th TD of Kelce’s career, a team record.

Lutz capped a six-play drive with a tying field goal from 54 yards out with 4:10 remaining. Kansas City went three-and-out and the Broncos used the final 2:59 to get the win.

Denver had an interception called back by a penalty on the Chiefs’ first drive of the second half, but Ja’Quan McMillian picked off Mahomes in the red zone later on the same possession.

The Broncos turned that into six points when McLaughlin scored from 4 yards out. Kansas City answered right away on Hunt’s 2-yard plunge with 49 seconds left in the third quarter.

Denver drove to the Chiefs’ 20 on the ensuing drive and took a 16-13 lead on Lutz’s 38-yard field goal early in the fourth.

In a slow-developing first half, Lutz kicked two short field goals and Harrison Butker made a pair from 31 yards out to send the game into halftime tied 6-6. — Reuters

Surging Atlanta Hawks storm back to beat host Phoenix Suns

NICKEIL ALEXANDER-WALKER scored 16 of his 26 points in the fourth quarter, Jalen Johnson had 25 points and 10 rebounds, and the Atlanta Hawks overcame a 22-point fourth-quarter deficit for a 124-122 victory over the host Phoenix Suns on Sunday.

Onyeka Okongwu had 27 points and Dyson Daniels had 11 points and 12 assists for the Hawks, who ran their winning streak to five and completed a sweep of a four-game western road trip.

Dillon Brooks had 34 points, Devin Booker had 27 and Collin Gillespie had 15 points, eight rebounds and seven assists for the Suns, who had a five-game winning streak broken.

The Suns led for only 24 seconds in the first half, but they appeared to take control when they went on a 28-4 run to end the third quarter and open the fourth for a 97-77 lead.

The lead that grew to 103-81 with about 10 minutes left before the Hawks came back, countering with a later 20-0 run to close to 107-106 with 4:34 left. The Suns went back ahead by six but again could not hold on.

Alexander-Walker kept the Hawks within one on a short jumper that made it 116-115, and the Hawks took a 117-116 lead on their next possession when Okongwu scored on an alley-oop dunk with 1:16 remaining.

Brooks and Alexander-Walker traded layups as Atlanta stayed in front. Johnson made two free throws to push the Hawks’ lead to 121-118 with 23 seconds left in regulation.

The Suns closed to 121-120 on Booker’s layup before Okongwu made two free throws with 10 seconds left. Booker hit two free throws, then tied up Okongwu on the ensuing inbounds play to force a jump ball.

Atlanta regained possession and Alexander-Walker made a free throw with 3.1 seconds left for the final point. Royce O’Neale’s 60-footer as time expired hit the rim and bounced away.

The Hawks outscored the Suns 47-27 in the fourth quarter.

Atlanta forward Zaccharie Risacher left the game with an apparent injury with 6:52 left, when he lost his balance after making a dunk and went down under the Hawks’ basket. He walked off the floor and did not return, with the team announcing after the game that he had a left hip contusion.

The Suns played without Grayson Allen (right quad) and the Hawks were without Kristaps Porzingis. — Reuters

Lakers among teams contacted in illegal gambling investigation

THE Los Angeles Lakers are one of multiple NBA teams that have been asked to surrender “documents and records” to the league as part of an ongoing investigation into illegal gambling operations, The Athletic and ESPN reported on Sunday.

ESPN reported that Mike Mancias, an assistant trainer, and Randy Mims, an executive administrator, are among roughly a dozen Lakers employees who are cooperating with the investigation.

Being contacted as part of the investigation does not necessarily imply wrongdoing.

“The NBA engaged an independent law firm to investigate the allegations in the indictment once it was made public,” a league spokesperson told multiple outlets in a statement. “As is standard in these kinds of investigations, a number of different individuals and organizations were asked to preserve documents and records. Everyone has been fully cooperative.”

The Lakers may be a team of interest due to the presence of LeBron James, now in his seventh season with the organization.

When a federal indictment over illicit gambling took the NBA by surprise last month, among the people arrested were former player and assistant coach Damon Jones, a friend of James’ who was accused of selling (or attempting to sell) non-public information to bettors that James would sit out a game against the Milwaukee Bucks due to injury during the 2022-23 season. — Reuters

AI-generated content not a true graphic art, says graphic designers group founder 

Nabbie Francisco at the Philippine Design Fest 2025. — FILIPINO GRAPHIC DESIGNERS FB PAGE

Artificial intelligence (AI)-generated content circulating widely on social media, such as the recent Sierra Madre videos, cannot be considered legitimate graphic artworks, according to the founder of Filipino Graphic Designers (FGD). 

“I wouldn’t say that it is a graphic art because it’s from a prompt,” Nabbie S. Francisco, founder of FGD, told BusinessWorld at the sidelines of the first day of the Philippine Design Fest 2025 last Friday. 

“So I would say that he (AI user) is a good writer, but not a good editor (graphic artist),” he added. 

In recent weeks, various AI-generated photos and videos of Sierra Madre, a mountain range in the eastern part of Luzon, were created by netizens in gratitude for its role in shielding the island from the wrath of Super Typhoon Fung-wong, locally known as Uwan. 

Several videos showed clips representing a personification of Sierra Madre mountains fighting against the storm Fung-wong. 

Mr. Francisco said that the use of AI in graphic arts has been a polarizing topic in the community, but noted that the technology must only be used as a tool to augment an artist’s work. 

“So I would say that it’s going to come, but we really have to adapt. But at the same time, don’t lose your creativity in that aspect, because AI is just a tool for us to create better outputs,” he said. 

The founder also recommended that creators who make AI-generated content use the technology ethically, such as properly disclosing if AI was used in the creation of a photo or video as well as properly crediting or securing the copyright of the references used in the generated output. 

One of the country’s most popular social media platforms, TikTok, has been labeling content that is significantly or completely generated by AI since 2023. 

According to its website, the platform provides an option for creators to label their content as AI-generated. The platform can also identify and automatically label content if it detects the use of AI. — Edg Adrian A. Eva

Japan’s economy contracts for first time in six quarters

REUTERS

TOKYO — Japan’s economy shrank almost 2% in the three months through September, as a drop in exports in the face of US tariffs resulted in the first contraction in six quarters, government data showed on Monday.

Shipments from automakers in particular plummeted, following a period of hiking exports before tariffs came into effect.

Still, as the overall contraction was not as acute as expected, it likely represents a temporary setback rather than the start of a recession, economists said.

“The contraction is largely due to one-time factors such as housing investment” affected by regulatory change, said economist Kazutaka Maeda at Meiji Yasuda Research Institute.

“Exports also reacted,” he said. “Overall, the economy lacks strong underlying momentum, but the trend still points to a gradual recovery over the next year or two.”

Economists generally viewed this quarter’s gross domestic product (GDP) figures as having a marginal impact on Bank of Japan (BOJ) thinking when next deciding interest rates versus factors such as inflation. However, an economist close to Prime Minister Sanae Takaichi gave the data more weight.

Given the contraction, it “would be misguided for the BOJ to decide to raise interest rates” in December, Credit Agricole chief Japan economist Takuji Aida, who is on Ms. Takaichi’s flagship panel tasked with laying out the country’s growth strategy, said in a report to clients.

AUTOMAKERS COMBAT TARIFFS WITH PRICE CUTS
Gross domestic product contracted 1.8% in July-September. That compared with revised growth of 2.3% in the previous three-month period, as well as the 2.5% contraction that economists on average estimated in a Reuters poll.

The reading also translated into a quarterly contraction of 0.4% versus the median estimate of 0.6%.

Exports constituted the main drag as the impact of higher US tariffs intensified. Automakers saw shipment volume plunge, reversing earlier front-loaded exports ahead of tariff hikes, though they mostly absorbed tariffs by cutting prices.

Net external demand, or exports minus imports, knocked 0.2 of a percentage point off growth, versus a 0.2-point positive contribution in April-June.

The US and Japan formalized an agreement in September that implemented a baseline 15% tariff on nearly all Japanese imports, versus an initial 27.5% on autos and 25% for most other goods.

PRIVATE CONSUMPTION MATCHES ESTIMATES
Housing investment also weighed growth as tighter energy-efficiency regulation introduced in April slowed commitments.

Private consumption, which accounts for over half of economic output, grew 0.1%, matching a market estimate. That was cooler than the 0.4% of the second quarter, indicating that high food costs increased reluctance to spend.

Capital spending, another key driver of private demand-led growth, rose 1% in the third quarter, far exceeding a market estimate of 0.3%.

“Private consumption rose for the sixth straight quarter, and capital expenditure increased for the fourth consecutive quarter,” Minoru Kiuchi, the economic revitalization minister, said in a statement.

“This reinforces our view that the economy remains on a moderate recovery path,” he said.

Private-sector estimates reflect expectation for growth to rebound in October-December. A poll of 37 economists by the Japan Center for Economic Research projected a 0.6% expansion.

The weak GDP data comes as Ms. Takaichi’s government compiles a stimulus package to help households manage rising living costs.

Advisers to Ms. Takaichi have cited a likely sharp GDP contraction as a reason for aggressive stimulus measures.

Finance Minister Satsuki Katayama told reporters on Sunday that proposed economic stimulus would exceed ¥17 trillion ($109.94 billion), media reported.

“From late this winter through around spring, there will be measures that improve households’ income conditions in real terms,” said Nomura Securities economist Uichiro Nozaki. “Therefore, in terms of underpinning consumption in the first half of next year, this is a positive factor.” ($1 = 154.6300 yen). Reuters

S. Korea’s Lee, injured as a child laborer, cracks down on workplace death

SOUTH KOREA’S President Lee Jae-myung delivers a speech after taking his oath during his inauguration ceremony at the National Assembly in Seoul on June 4, 2025. — REUTERS

DANGJIN, South Korea — South Korean Kim Yong-ho thought he would die within seconds after a 200-kilogram (441-pound) industrial press at a Hyundai Steel plant sprang to life during maintenance and crushed his legs and back.

It was 2019, and Mr. Kim said he thought the heavy machinery around him had been switched off as he made repairs.

“I was flattened like a squashed frog in a roadkill,” he said. “I couldn’t breathe for a few seconds.”

A quick-thinking colleague saved his life by alerting the machine’s operator, said Mr. Kim, now 39.

Haunted by his own injuries as a child laborer, South Korea’s new President Lee Jae Myung — who crushed his finger and arm making rubber and later baseball gloves — has vowed to lower the country’s above-average rate of industrial accidents in what he calls “workplaces of death.”

So far, his administration has raided companies, increased spending to prevent industrial accidents, and expanded workplace protections to subcontracted laborers, among other initiatives. His critics, however, say he is punishing companies — not proactively protecting workers — and they believe his pro-labor rhetoric is nothing more than repackaged populism.

In its 37 trillion won ($27 billion) budget for 2026, the Labor Ministry increased spending to prevent industrial accidents and said it would fine companies up to 5% of their operating profit if they recorded three deaths or more in a year.

The president has also visited firms to press for improved safety and set up a special team to investigate industrial accidents. Some companies have already reacted by shortening work shifts, sacking officials, and pausing projects.

Labor Minister Kim Young-hoon, a former train operator and labor activist, said the new policies would not be effective unless attitudes change about work.

“There has been a perception in South Korea that we should sacrifice some casualties in order to push the country to grow faster,” he said in an interview. “If we don’t bring a fundamental change to such perceptions, no policy would work.”

According to International Labor Organization (ILO) data from 2023, South Korea had 3.9 deaths per 100,000 workers, well above the Organisation for Economic Co-operation and Development (OECD) average of 2.6.

For fatal construction accidents, South Korea has the second-highest rate among OECD member countries with 15.9 deaths per 100,000 workers, according to ILO and official Korean data compiled by Reuters.

DEADLY RECORD
Earlier this month, a hulking, decommissioned heating structure at a power station in Ulsan collapsed on nine workers as they prepared to demolish it. A couple were quickly rescued, but seven others were trapped; rescuers worked for more than a week to recover their lifeless bodies.

“I used to be a factory worker, and I was a victim of an industrial accident too,” President Lee said in July during a visit to a bread factory run by SPC Group where a worker was crushed to death in May.

After Mr. Lee’s visit, SPC changed work shifts to an eight-hour schedule from 12-hour shifts.

Over the past few months, builder POSCO E&C sacked its chief executive and halted 103 construction sites following the deaths of two expressway builders. Shipbuilder Hanwha Ocean apologized and suspended operations after a supervisor died at its shipyard. Nearly 80 executives at DL Construction tendered their resignations after a death at a construction site.

POSCO, DL and Hanwha said they resumed operations and construction after undertaking safety measures.

VENEER OF CHANGE?
In 2024, South Korea’s Serious Accidents Punishment Act was applied to workplaces employing five or more people. Under it, employers can face a jail term of at least a year for a single death.

But deaths have not dropped over the past five years, rising 4.1% to 2,098 in 2024. Nearly 86% of employers accused of violating the law were released on probation and paid an average fine of 73 million won.

Critics say the South Korean president is sounding populist notes and scapegoating companies rather than preventing accidents.

Jung Jin-woo, a professor in the Department of Safety Engineering at Seoul National University of Science and Technology, said South Korea has many more safety inspectors than some developed countries and Mr. Lee’s plans only give the perception of safety.

“If (Lee) keeps pushing companies to meet standards that they can never meet, they may focus on just pretending to do it,” Mr. Jung said.

Labor Minister Kim said the government is taking preventive — not just punitive — steps, like subsidizing companies’ safety equipment purchases.

“This is not a political show or a temporary thing at all,” Mr. Kim said.

The minister said Korea’s problem with industrial accidents is made worse because companies hire chains of subcontractors to skirt legal responsibility and cut costs. In August, the liberal Democratic Party passed the Yellow Envelope Act, which expands protection to subcontracted workers.

In a statement, the 1.2 million-member Korean Confederation of Trade Unions said Korea East-West Power, the government-run company that operated the site of the deadly power plant collapse earlier this month, tried to avoid risks by hiring outsourced workers. The union also said the company’s safety rules were lacking.

Kwon Myung-ho, Chief Executive Officer of Korea East-West Power, said on Thursday that the company will investigate the cause of the accident and try to remedy the situation.

Mr. Kim, the temporary Hyundai Steel worker who was hospitalized for a month and took a two-year leave to deal with mental illness after his accident, said he had to resume his former job to make a living, even though he saw no safety improvements. A Hyundai Steel spokesperson declined to comment.

“Nothing has changed after I returned,” Mr. Kim said. — Reuters

Saudi crown prince visits US with defense, artificial intelligence and nuclear on the agenda

US PRESIDENT Donald J. Trump and Saudi Crown Prince and Prime Minister Mohammed Bin Salman shake hands during a Memorandum of Understanding (MOU) signing ceremony at the Royal Court in Riyadh, Saudi Arabia, May 13. — REUTERS

RIYADH/WASHINGTON — A visit by Saudi Arabia’s de facto ruler to the White House for talks on Tuesday with US President Donald J. Trump aims to deepen decades-old cooperation on oil and security while broadening ties in commerce, technology and potentially even nuclear energy.

It will be the first trip by Crown Prince Mohammed bin Salman (MBS) to the US since the 2018 killing of Saudi critic Jamal Khashoggi by Saudi agents in Istanbul, which caused a global uproar. US intelligence concluded that MBS approved the capture or killing of Mr. Khashoggi, a prominent critic.

The crown prince, widely known by his initials MBS, denied ordering the operation but acknowledged responsibility as the kingdom’s de facto ruler.

More than seven years later, the world’s largest economy and the world’s top oil producer want to move forward.

Mr. Trump is seeking to cash in on a $600-billion Saudi investment pledge made during Mr. Trump’s visit to the kingdom in May. He steered clear of mentioning human rights concerns during that trip and is expected to do so again.

The Saudi leader is seeking security guarantees amid regional turmoil and wants access to artificial intelligence (AI) technology and progress toward a deal on a civilian nuclear program.

“There is a page that has been turned” on Mr. Khashoggi’s killing, said Aziz Alghashian, Saudi-based lecturer of international relations at Naif Arab University for Security Sciences.

FOCUS ON DEFENSE DEAL
The United States and Saudi Arabia have long had an arrangement for the kingdom to sell oil at favorable prices and for the superpower to provide security in exchange.

That equation was shaken by Washington’s failure to act when Iran struck oil installations in the kingdom in 2019. Concerns resurfaced in September, when Israel struck Doha, Qatar, in an attack it said targeted members of Palestinian militant group Hamas.

In the aftermath, Mr. Trump signed a defense pact with Qatar via executive order. Many analysts, diplomats and regional officials believe the Saudis will get something similar.

Saudi Arabia has sought a defense pact ratified by the US Congress in recent negotiations. But Washington has made that contingent on the kingdom normalizing ties with Israel.

Riyadh has in turn linked that to a commitment from Israel’s government, the most right-wing in its history, to Palestinian statehood. Israeli Prime Minister Benjamin Netanyahu, who agreed to a Trump-brokered ceasefire with Hamas in Gaza last month after two years of war, on Sunday reaffirmed his staunch opposition to Palestinian independence.

A Trump executive order on defense similar to the pact with Qatar would fall short of the defense agreement the Saudis have sought. But Mr. Alghashian said it would “be a step on the way, part of the process, not the end of the process.”

A Western diplomat based in the Gulf summed up the dynamic: “Trump wants normalization and Saudi wants a full defense pact, but the circumstances don’t allow. In the end, both sides will likely get less than they want. That’s diplomacy.”

Dennis Ross, a former Middle East negotiator for Democratic and Republican administrations now at the Washington Institute for Near East Policy, said he expects an executive order that would call for the US and the Saudis “to immediately consult on what to do in response to the threat” while not committing Washington to actively come to the defense of Riyadh.

“That could run the gamut of providing a range of different assistance, replacing arms, deploying defensive missile batteries like THAAD or Patriot, deploying naval forces with a Marine unit — to actively taking part in the combat in an offensive not only defensive manner,” he said.

DEALS KEY AMID REGIONAL RIVALRY
Riyadh has also been pressing for deals in nuclear energy and artificial intelligence under its ambitious Vision 2030 plan to diversify its economy and strengthen its position relative to regional rivals.

Securing approval to acquire advanced computer chips would be critical to the kingdom’s plans to become a central node in global AI and to compete with the United Arab Emirates (UAE), which in June signed a US multibillion-dollar data center deal that gave it access to high-end chips.

MBS also wants to strike an agreement with Washington on developing a Saudi civilian nuclear program, part of his effort to diversify from oil.

Such a deal would unlock access to US nuclear technology and security guarantees and help Saudi Arabia level up with the UAE, which has its own program, and traditional foe Iran.

But progress on a US deal has been difficult because the Saudis did not want to agree to a US stipulation that would rule out enriching uranium or reprocessing spent fuel — both potential paths to a bomb.

Mr. Ross said he expected an announcement of an agreement on nuclear energy, or at least a statement on progress towards one. — Reuters

France nets €9B in new corporate investments despite budget battles

A PROTESTER holds a French national flag as people gather to protest against the French far-right Rassemblement National (National Rally - RN) party, at the Place de la Republique following partial results in the first round of the early 2024 legislative elections, in Paris, France, June 30, 2024. — REUTERS

PARIS — Companies have pledged to invest €9.2 billion ($10.7 billion) in France, the finance ministry said on Monday, as the government seeks to show the euro zone’s second-biggest economy remains a top business destination despite political turmoil.

French firms in sectors from energy to health and agri-food made the commitments ahead of a government-organized “Choose France” summit, modeled on President Emmanuel Macron’s annual meeting with global corporate leaders.

The new money adds to 21.2 billion flagged over the past year, bringing the total to 30.4 billion for 150 projects, the ministry said.

Mr. Macron’s pro-business agenda has frayed since a snap election last year produced a hung parliament, with opposition parties eager to undo his supply-side reforms.

France has since lurched from crisis to crisis, struggling to pass its budget and leaving companies with little policy visibility, especially on taxes.

Corporate leaders have condemned lower-house votes to hike business taxes in the 2026 budget to plug France’s gaping deficit rather than cutting spending — the highest among developed economies.

In such an environment, “it takes real courage to keep moving ahead without wavering,” L’Oréal Chairman Jean-Paul Agon told a conference on Thursday. “If you can succeed in France, you can succeed anywhere.”

Lawmakers have added billions in tax hikes on top of those in the government’s draft budget, though the Senate may strike some down in coming weeks.

Finance Minister Roland Lescure sought to reassure executives that restoring public accounts would not rely solely on tax hikes. “That would stifle the economy and jobs. The government will do everything to ensure the final text preserves growth,” he told Le Figaro before the summit.

Despite recurring turmoil, France’s economy grew a faster-than-expected 0.5% in the third quarter, outpacing Germany and Italy thanks to surging exports and stronger investment. ($1 = 0.8618 euros). Reuters