Home Blog Page 5051

Stretching out Mother’s Day to a full month

THE WORK of a mother never ends, so why should pampering and taking care of oneself stop after Mother’s Day? Rustan’s is stretching out the celebration by holding a month-long Mom and Baby Fair from May 5 until June 6, as part of its “Moms in Full Bloom” campaign.

One of the events is a workshop on Modern Sleep for Newborn Babies, conducted by Love to Dream at Rustan’s Shangri-La on May 15, 2 p.m. Learn about routines, rhythms, and other solutions to allow tiny tots to get the best snooze for their development.

For other kiddie needs, Rustan’s is offering discounts on children’s items: 10% off on Carter’s, Baby Care, Beaba, Bebe Chic, Spiffles, Tiny Buds, and more kiddie brands. Every weekend from May to June, one can score 10% off on all items from TafToys and 10% off selected items from Crayola, Melissa & Doug, and Best Way. One can have an additional 15% to 30% off on items from Enfant, Mamaway, Swaddle Designs, Aprica, and Pigeon, among others. For baby essentials, some picks from Chicco, Lilymoms, Okie Dog, Cradle, Cycles, and other brands can be had for up to 50% off.

As for exclusives for mothers, luxury brands from all over the world are up for grabs. One can earn five times more frequent shopper program points (FSP) on their Rustan’s cards with every purchase from Bugatti, Lladro, Swarovski, Ralph Lauren, and other home accents from May 5 to 15. Moms can revel in the scents and other self-care essentials from Acca Kappa, L’Occitane, and Diptyque. For a minimum purchase of P7,500 of Acca Kappa products, Beauty Addict members will receive a travel-size Sakura Tokyo Bath & Shower Gel (50 ml), mini oval brush, and a White Beauty pouch. For brands like MAC, Clinique, Anastasia, and Bobby Brown, discounts and free samples are available throughout the fair.

A free gift awaits mothers who like to dress up in Criselda Lontok, Lady Rustan, Lotus, and Luna clothing. Shoppers can expect a free gift for a minimum single-receipt purchase worth P5,000 from these brands from May 13 to 15.

Finally, mothers and their children can sign up for a virtual playdate with Oxo Tot on June 4, 3:30 p.m., via Zoom, ideal for ages one to four years old. To register, purchase an OXO Tot Play Date Kit (P800) and sign up at https://tinyurl.com/oxototplaydate. Get a special rate of P500/child for any purchase of OXO Tot products at Rustan’s branches and website. Slots are limited and registration closes once the slots are filled, and keep proof of purchase for validation. — JLG

Dollar buffers dipped as of end-April

THE country’s dollar buffers slipped as of end-April as the national government paid some of its foreign debt obligations and with the lower valuation of the central bank’s gold reserves.

Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) on Friday evening showed the gross international reserves (GIR) as of end-April stood at $106.756 billion, down by 0.51% from the $107.308 billion in the prior month. The country’s foreign exchange buffers also slipped 0.8% from the $107.705 billion seen a year earlier.

“The month-on-month decrease in the GIR level reflected mainly the National Government’s (NG) foreign currency withdrawals from its deposits with the BSP as the NG settled its foreign currency debt obligations and paid for various expenditures as well as the downward adjustment in the value of the BSP’s gold holdings due to the decrease in the price of gold in the international market,” the BSP said in a statement.

The dollar reserves seen last month were enough to cover seven times the country’s short-term external debt based on original maturity and 5.5 times based on residual maturity.

It is also equivalent to 9.4 months’ worth of imports of goods and payments of services and primary income.

Ample foreign exchange buffers protect an economy from market volatility and serves as a guarantee for the country’s ability to pay its debts in the event of an economic downturn.

Broken down, the BSP’s foreign investments stood at $90.706 billion as of end-April, slipping by 0.8% from the $91.457 billion a month earlier and by 0.53% from the $91.188 billion a year earlier.

Buffers in the form of gold were valued at $9.277 billion, or lower by 1.3% than the $9.402 billion as of end-March and by 0.35% from the $9.31 billion a year earlier.

The country’s reserve position in the International Monetary Fund (IMF) also dipped 3.11% to $765.4 million from $790 million in the prior month and by 4.8% from the $803.8 million as of end-April 2021.

Meanwhile, foreign currency deposits increased 19.7% to $2.116 billion from $1.768 billion in March, although it declined by 60% from the $5.173 billion a year earlier.

Special drawing rights — or the amount the country can tap from the IMF — was kept at $3.89 billion for the second straight month. It was more than three times the $1.229 billion seen as of April 2021.

In the coming months, GIR will be boosted by continued inflows of remittances and foreign direct investments as the global economy recovers from the pandemic, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

Tourism receipts as the country reopens its doors to foreign tourists will also boost the country’s dollar buffers, he added.

The BSP projects the GIR to reach $108 billion by the end of 2022. — Luz Wendy T. Noble

Sporty spice rack

The author rounds a curve at the Autodromo Vallelunga in Italy behind the wheel of a Porsche 911 GTS.

Tracking Porsche’s GTS range in Italy

ROME, ITALY. There’s a spring nip in the air as I deplane and head into the belly of the Aeroporto Internazionale di Roma-Fiumincino. The busiest airport in the country has also been known — pre-COVID-19 pandemic, at least — as one of the busiest airports in all of Europe. This is my first taste of airline travel since the outbreak, and I am equal parts nervous and excited.

Not even 20 minutes after traveling by van, I arrive at the QC Termeroma, a rustic-looking spa resort. This is where we rest our bones while waiting for the main purpose of our brief jaunt in Europe.

The agenda is GTS, or Gran Turismo Sport, three letters that stand for a lineup-wide trim for Porsche. But what, indeed, does GTS stand for? For starters, Porsche must have deliberately chosen Italy to acquaint us to its related offerings, as an homage to the term itself (gran turismo, of course, is Italian for “grand touring”). Grand touring has always been known for heightened performance (hence the video game Gran Turismo, by the way).

And when you talk performance, well, why shouldn’t Porsche come to mind? But some six decades removed from the release of the iconic three numbers (yes, 911), the brand says there’s still some specialization going on. “Within the portfolio, engineers and designers have developed a wide array of models. There’s a Porsche for virtually every situation,” says the firm in its GTS literature. “If you want a car that is packed with excitement, three letters are all you need: GTS models are especially dynamic and agile derivatives that still manage to impress in everyday use. They offer a balance of performance and everyday practicality.”

Adds Porsche Asia Pacific Head of PR and Communications Brendan Mok during our one-on-one talk: “For Porsche, GTS means the sweet spot between what you can use every day, and what can provide you with a little bit of entertainment and fun when you’re out on the track. It has special enhancements, a little bit more power and a little bit more performance while being to (fulfill) daily driving duties that you might want in a car. It’s really an all-arounder.”

Thankful that an imminent threat of rain doesn’t fall, we head off the next day for the track. How many times in your life will you be asked to choose the car you want to take? I’m willing to guess not very many, so I make a quick decision on a rather spicy-looking red Macan GTS. You might fault me for not jumping aboard a 911 or a 718 but, hey, I love an elevated driving position — particularly if the drive is long and winding. I’ll tell you how that went in a future article, but suffice it to say this GTS at least satisfies the “everyday” portion of the role most nicely.

But fast-forward after a two-hour meandering past the coast of the Tyrrhenian Sea, the Macan drops us at the doorstep of the Autodromo Vallelunga Piero Taruffi. First built as a 1.773-kilometer sand oval in 1959, the circuit hosted the Rome Grand Prix from 1963 onwards, and added a new loop in 1967 when the track became owned by the Automobile Club d’Italia. Significantly, half a mile was added to Vallelunga in 2004. In case you’re wondering, it is an FIA test circuit as well.

Lapping the Vallelunga aboard a snarling 911 is surely one for the bucket list, and it proves to be as raw as it sounds. With a zero-to-100kph time of 3.3 seconds, power of 480ps, and torque of 570Nm, the vehicle hugs the turns of the circuit with German precision. The bucket seat keeps me in place, but my innards seem to be on autopilot — rearranging themselves along with the heavy lunch I had just snarfed. Lead instructor Björn Leiss, who is pacing me, reacts to my willingness to speed up.

Next in line is the 718 GTS (a Cayman). Powered by a four-liter, six-cylinder, naturally aspirated mill, it outputs 400ps and 420Nm — surpassing its S counterpart by a hefty 50ps. Porsche says the powertrain of these models is “essentially the same as that of the 718 Cayman GT4 and 718 Spyder. The Cayman GTS proves more playful on the course. When I say playful, it shows its limits more readily than the self-assured 911. And that means it is more unforgiving toward me when I fail to brake correctly or hit the apex the right way.

The Panamera GTS, on the other hand, simultaneously feels large, stately, and mad. It’s a sports car luxury saloon, if you ask Porsche, but that only means it’s going to pamper you then give you g-forces to remind you that it’s a Porsche and not an unhurried, starched brat. A four-liter V8 bi-turbo gives the car its numbers (zero-to-100kph in 3.9 ticks, 480ps, and 620Nm). The GTS gets a Sport Design package with lots of exterior accents in black as standard. It gets lots of Alcantara on the inside. It’s not as willing to change directions as its smaller brethren because, well, that’s physics for you, but the Panamera is also its own “best of both worlds” paradigm.

As for the Taycan GTS, where do I begin? Having driven a base version of it in our local roads, I wasn’t exactly surprised by the massive amount of torque on demand, and an acceleration that will spill your coffee onto your rear passenger. But that all this drama unfolding within a whisper-quiet cabin is just, well, surreal. The GTS can sprint from a standstill to 100kph in 3.7 ticks — a result of its 598ps and 850Nm of output, and reaping a whole lot of “OMGs,” I suspect.

I just keep reminding myself to keep my lunch down else I look like the absolute newbie.

An interview should do the trick, paired with a cappuccino because, well, we’re in Italy.

“The GTS started with the 904 GTS in 1964. That was really a racecar, but for the sake of homologation it had to have some creature comforts and basically license plates,” says Mr. Mok. “That kind of philosophy has carried onto all future GTS models like the 924 GTS, 928 GTS — and eventually GTS versions of all our model lines… with the most recent addition being the Taycan.”

Generally speaking, how does someone distinguish a GTS from the lower S and higher Turbo variants?

“We’ve got some really cool exterior differentiators. For example, the headlights and taillights are dark-tinted. We see some very nice black contrast accents on the car and also very special aerodynamic changes on some of the models, especially in the 911,” he continues. There are lots of touches inside, for sure: black leather Race-Tex, Alcantara, and a tachometers colored red or green. “That’s an extra shot of raciness in the car,” Brendan adds with a grin.

What should one expect in the a GTS if he or she is going to track it? “You’re going to really have fun on track,” he stresses. “The suspension system is different, the brakes have been uprated so you can go hard on them, and expect to gun away from every corner.”

And, says a wise man, make sure that lunch is a light one before you head out onto the track.

Modi faces a dilemma: Keep Indian voters happy or feed the world

REUTERS

A GROWING food security threat is set to push Indian Prime Minister Narendra Modi into a conundrum: continue sending wheat to countries hit by dwindling supplies from the war in Ukraine or stockpile food at home to fend off high inflation.

Severe heat waves have damaged wheat yields across the South Asian nation, prompting the government to consider export restrictions, Bloomberg News reported. While the food ministry said it sees no case yet for controlling wheat exports, it’s a question that will gain momentum and carry political ramifications for Mr. Modi and his ruling Bharatiya Janata Party.

Mr. Modi has sought to burnish his reputation as a dependable global leader, but he faces frustration on home soil about record-high inflation, one issue that brought down the previous government and paved the way for his ascension to power.

“At a time when the world is facing a shortage of wheat, the farmers of India have stepped forward to feed the world,” Mr. Modi said this week at a gathering of the Indian diaspora in Germany. “Whenever humanity is faced with a crisis, India comes up with a solution.”

After the war hampered logistics in the Black Sea region, which accounts for about a quarter of all wheat trade, India has tried to fill the vacuum.

Egypt, the world’s top buyer, recently approved India as a source for wheat imports. Last month, Piyush Goyal, the food and commerce minister, said India hopes to become a permanent exporter of wheat, shipping as much as 15 million tons this year, compared with about 7.2 million in 2021-22. Officials are pushing the World Trade Organization to relax rules so that India can export from state reserves, Mr. Goyal said.

But the country’s domestic challenges have come into sharper focus in recent weeks. Hundreds of acres of wheat crops were damaged during India’s hottest March on record, causing yields to potentially slump by as much as 50% in some pockets of the country, according to a Bloomberg survey.

Franck Gbaguidi, senior analyst at political risk consultancy Eurasia Group, said damage to crops will limit India’s ability to fill broader supply shortages, regardless of whether exports move forward or not. Wheat consumption in the world’s second-most populous nation is estimated at 107.9 million tons, according to the US Department of Agriculture.

“With the current impact of the heat waves, India’s claim to ‘feed the world’ by exporting wheat surpluses — if granted permission by the World Trade Organization — now rings hollow,” he said.

With supply chains disrupted by the war, skyrocketing freight rates and extreme weather events, domestic inflation is also surging, especially for cereals and edible oils. In a sign of concern, India raised its key interest rate in a surprise move on Wednesday, sending bonds and stocks tumbling. In March, retail inflation rose to a 17-month high of 6.95%.

In an online briefing, Shaktikanta Das, governor of the Reserve Bank of India, said inflation pressures are becoming more acute, particularly on food. Retail prices for wheat averaged about 29 rupees a kilogram on May 5, up around 7% from a year earlier. And flour made from the grain traded at close to 33 rupees, an 8% rise from last year, according to government data.

“This is one big policy dilemma his government is facing: capitalizing on the opportunity to project Modi as a world leader versus a possible domestic food shortage that may affect his popularity and electoral prospects,” said Shilp Shikha Singh, assistant professor at the Giri Institute of Development Studies in the city of Lucknow.

Still, Ms. Singh said the Bharatiya Janata Party will likely prioritize protecting the prime minister’s reputation as a statesman on the world stage, even as his government faces local elections scheduled for late this year and weighs the trade-offs of exporting more wheat.

Since taking office in 2014, Mr. Modi has angled for a greater role in shaping global affairs, whether by spurring foreign investment through liberalizing India’s tax codes or supplying millions of coronavirus vaccines. That decision laid bare the consequences of overstepping: When the Delta variant devastated India in 2021, the government rushed to boost domestic vaccine supplies after sending so many abroad.

The Indian government said on Thursday that it doesn’t see a reason right now for controls on wheat exports. But the calculus could change: Wheat output is on track to fall to 105 million tons in 2021-22, according to the latest estimates. That’s down from a previous forecast of 111 million tons (an all-time high) and last year’s harvest of 109.6 million tons.

Ms. Singh said the decision to dial wheat exports up or down ultimately lies with the prime minister’s office.

“The image of Modi is significant and the party invests heavily in it,” she said. — Bloomberg

Trading declines on US rate hike, higher inflation

BW FILE PHOTO

INVESTORS remained cautious as stocks ended lower during the first week of May, driven by the US Federal Reserve’s rate hike, the release of local inflation data, and amid the upcoming national elections.

The benchmark Philippine Stock Exchange index (PSEi) sank by 109.02 points or 1.58% to close at 6,759.90 on Friday, while the broader all shares index dropped by 41.46 points or 1.13% to close at 3,621.70.

Week on week, the PSEi gained by 28.65 points from its close of 6,731.25 on April 29.

“The PSEi declined on May 6, 2022, the last trading day before the presidential elections,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said, adding that the drop is “similar to the recent declines in the US stock markets.”

In an e-mail, he said the market’s movement comes amid the continued increase in interest rates or bond yields that could increase borrowing and financing costs for some listed companies.

Mr. Ricafort added that this development “could also deliberately slow down the US and global economy with potential risk of recession as an unintended consequence in an effort to clamp down elevated inflation, in view of continued aggressive Fed rate hike or monetary tightening signals.”

Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message, “The market moved in consolidation as the Fed increased policy rate by 50 basis-points (bps) as expected with thin trading with most investors on the sidelines, [and] as the Philippine election nears.”

Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said that the local market also fell on Friday following the negative cues from Wall Street’s overnight decline.

“This came as interest rates in the US rose with their 10-year bond yield breaching the 3.00% mark,” he added.

Wall Street’s main indexes extended losses on Friday and long-dated US treasury yield surged as investors worried that the Federal Reserve will need to be more aggressive than expected in raising interest rates to combat inflation, Reuters reported.

Tech-heavy Nasdaq registered its lowest close since 2020, notching a fifth straight weekly loss, its longest losing streak since the fourth quarter of 2012. The S&P 500 also posted its fifth straight weekly loss.

On Friday, two of the Federal Reserve’s most outspoken policy hawks pushed back on the view that the US central bank missed the boat on the fight against high inflation, citing a tightening of financial conditions that began well before the Fed began raising interest rates in March.

Earlier this week, the Fed raised its policy rate to a range of 0.75% to 1%. Critics say that is far too low to fight inflation running at three times the Fed’s 2% target, Reuters reported. 

Back home, the local statistics authority released the country’s April inflation data on Thursday.

April’s inflation rose by 4.9% from 4% in March and 4.1% in April a year ago, primarily due to faster pickup in food, utilities, and transport prices.

This was higher than the 4.6% median estimate in a BusinessWorld poll last week and near the upper bound of the 4.2-5% forecast range given by the Bangko Sentral ng Pilipinas for the month.

The stock market also closed on May 3, Tuesday in commemoration of Eid’l Fitr.

On Friday, the MidCap index retreated by 13.28 points or 1.18% to 1,116.11 and the Dividend Yield index lost 4.70 points or 0.29% to close at 1,614.94.

Decliners overwhelmed advancers, 107 versus 60, while 61 names ended unchanged.

Value turnover increased to P5.95 billion with 653.6 million shares changing hands from P5.68 billion with 1.06 billion issues seen on the previous day.

Foreigners turned sellers with P851.7 million from P135.2 million in net inflows seen on Thursday.

Philippine financial markets will be closed on May 9, Monday for the national elections. — Luisa Maria Jacinta C. Jocson with Reuters

Blackwater Bossing eye big men Baltazar and Rosser

LA SALLE 6-foot-8 big man Justine Baltazar — PHILSTAR FILE PHOTO

REBUILDING Blackwater is excited to exercise its rights for the top selection in the coming PBA Season 47 Rookie Draft with eyes on big men Justin Baltazar and Brandon Ganuelas-Rosser and backcourt dynamo Sedrick Barefield.

“For our No. 1 pick, we narrowed our choice among Baltazar, Barefield and Rosser,” Bossing coach Ariel Vanguardia told The STAR yesterday.

Mr. Baltazar, a 6-foot-8 La Salle standout capable of playing multiple positions, Mr. Barefield, a 6-foot-2 Fil-Am guard who played in the G League, and Mr. Rosser, a 6-foot-7 Fil-Am inside-outside operator, led the 75 hopefuls who have entered their names in the May 15 Draft.

The Bossing are determined to take advantage of their three first-round picks to beef up and turn their fortunes around after a woeful 46th season that saw them skid to their 29th straight loss. After choosing first, Mr. Vanguardia’s team takes the ninth and 10th selections.

“The other two (first-round) picks will depend on our first pick. If we pick Mress. Baltazar or Rosser, we will look for a wing for the succeeding picks. If Mr. Barefield, we will be looking for bigs,” said Mr. Vanguardia.

The Bossing actually ended Season 46 on a bright note as they toppled top seed Magnolia Hotshots in their final elims assignment, 101-100, last March 9. This enabled the franchise to snap their league record skid and avert a winless season while building some momentum moving forward.

Blackwater and the 11 other ballclubs will get a closer look at their prospects during the Draft Combine on Wednesday and Thursday at the Gatorade Hoops Center in Mandaluyong.  Draft proper will be on Sunday at Robinson’s Place Manila. — Olmin Leyba

Philippine trade year-on-year performance

THE country’s trade-in-goods deficit widened to a three-month high in March as imports outpaced exports which could dampen the economic output in the first quarter. Read the full story.

Philippine trade year-on-year performance

How PSEi member stocks performed — May 6, 2022

Here’s a quick glance at how PSEi stocks fared on Friday, May 6, 2022.


Analyst’s Q1 2022 GDP estimates

THE PHILIPPINE ECONOMY likely expanded in the first quarter thanks to favorable base effects and election spending, but the surge in global oil and commodity prices may have dampened growth momentum. Read the full story.

Analyst’s Q1 2022 GDP estimates

Warriors shoot 63.1% in Game 3 blowout of visiting Grizzlies

GOLDEN STATE WARRIORS guard Stephen Curry (30) drives between Memphis Grizzlies forward Brandon Clarke (15) and guard Ja Morant (12) during the first half of game three of the second round for the 2022 NBA playoffs at Chase Center. — REUTERS/ ROSS CAMERON-USA TODAY SPORTS

STEPHEN Curry, Jordan Poole and Klay Thompson combined for 78 points, and the Golden State Warriors rode an offensive masterpiece to a 142-112 victory over the visiting Memphis Grizzlies on Saturday night in San Francisco.

The Warriors take a 2-1 lead in the Western Conference semifinal series.

Mr. Curry had a team-high 30 points, Poole 27 off the bench and Mr. Thompson 21 in his most productive effort of the series, helping Golden State run off to the first one-sided victory in the best-of-seven series.

Game 4 is scheduled for Monday night, also in San Francisco.

Coming off a 47-point explosion in a Game 2, Ja Morant led all scorers again with 34 points before taking the final 6:19 of the game off to have his right knee examined.

Mr. Morant suffered the injury seconds earlier when it appeared he clashed knees with Mr. Poole. The Memphis star played for about another minute, but then with his team down by 17 points, Grizzlies coach Taylor Jenkins pulled Mr. Morant and sent him straight to the locker room.

Mr. Morant and Jaren Jackson, Jr. combined for four of five Memphis 3-pointers in the game’s first five minutes as the Grizzlies burst out to an 18-8 lead.

The Grizzlies led by as many as 13 before Golden State dominated the final 42 minutes of the game, shooting 63.1 percent overall and 53.1 percent on 3-pointers.

Mr. Curry shot 7-for-14, Mr. Poole 11-for-17 and Mr. Thompson 8-for-13 for Golden State. Almost half of Curry’s scoring came on a 14-for-14 performance from the free-throw line.

On a night when he passed Paul Pierce and Kevin McHale to move into 21st place on the NBA’s all-time postseason scoring list, Mr. Curry topped 30 points for the fourth time in these playoffs and 44th time in his career.

Mr. Thompson was Golden State’s top shooter from beyond the arc, going 4-for-6. Mr. Thompson also found time for a game-high nine rebounds, while Draymond Green chipped in with five points, five rebounds and a game-high eight assists.

Jonathan Kuminga, who at age 19 became the youngest player in NBA history to start a playoff game, added 18 points for Golden State. Andrew Wiggins (17) and Otto Porter, Jr. (13) gave the hosts six players in double figures.

Mr. Morant finished 13-for-21 from the field and 4-for-7 on 3-pointers for the Grizzlies, who shot 43.5 percent overall and 37.2 percent on 3-pointers. He also had team-highs in assists with seven and steals with three.

Desmond Bane had his best game of the series with 16 points for the Grizzlies, while Jackson totaled 15 and De’Anthony Melton 12. — Reuters

Spanish teener Alcaraz defeats Djokovic to reach Madrid Open final

SPANISH teenager Carlos Alcaraz came from behind to beat world number one Novak Djokovic 6-7(5) 7-5 7-6(5) to reach the Madrid Open final, where on Sunday he will face Alexander Zverev after the German defeated Stefanos Tsitsipas 6-4 3-6 6-2.

Mr. Djokovic, who has yet to win a title this season, rallied from a break down to take the opening set in a tie-breaker and the 34-year-old looked dangerous on his serve as he won 21 straight points on it in the opener.

But Mr. Alcaraz, who turned 19 this week, showed resilience in the second set as he clawed his way back into the contest, saving a break point and holding for 6-5 before breaking Mr. Djokovic to force a decider.

The crowd in the Spanish capital got to their feet when Mr. Alcaraz completed his comeback, edging out Mr. Djokovic in the deciding tiebreak to become the first player to beat Rafa Nadal and Mr. Djokovic at the same clay court event.

“This gives me a lot of confidence to play the final tomorrow,” said Mr. Alcaraz after the match which lasted three hours and 35 minutes.

Mr. Alcaraz showed his all-round ability throughout in his first meeting with Mr. Djokovic, pinning the Serbian back with his huge groundstrokes and using his trademark drop shots.

He struck 51 winners to Mr. Djokovic’s 24 as his aggressive style troubled the world number one.

Bidding for his second Masters 1000 title, Mr. Alcaraz will play defending champion Mr. Zverev in Sunday’s final.

Mr. Zverev’s dominant serving proved too much for Mr. Tsitsipas to handle and he crushed a backhand winner on match point to seal his first career win over Mr. Tsitsipas on a clay court.

Mr. Zverev said he was as impressed as anyone with Mr. Alcaraz’s ascent to world number nine.

“I said last year in Acapulco that by Acapulco 2023, he’d be in the top 10,” Mr. Zverev said.

“He (Carlos Alcaraz) beat me by a year! He’s an incredible player … there’s no limit for him.” — Reuters

Liverpool suffer title blow in home draw with Spurs

LIVERPOOL, England — Liverpool suffered a huge blow in their hopes of winning the Premier League title as they could only draw 1-1 at home to Tottenham Hotspur on a tense night at Anfield on Saturday.

Luis Diaz canceled out Son Heung-min’s opener to preserve Liverpool’s 14-month unbeaten run at home in the Premier League and send them top of the table on goal difference.

But the mood at the end was subdued as reigning champions Manchester City can move three points clear in a gripping title race with three games to play if they win their game in hand at home to Newcastle United on Sunday.

It was only the second time in 15 league matches that Liverpool have not taken all three points — the other occasion being a draw against City last month — and the consequences could be severe for Juergen Klopp’s men.

With the margin of error tiny, City now look strong favorites to retain their crown.

“It is incredibly difficult to play against an opponent with world-class players and a world-class manager when they have had a week to prepare and we play every three days,” Klopp, whose side reached the Champions League final on Tuesday, said.

“The dressing room is not flying, come on, but there are other games to play. We just have to keep going.”

It could have been even worse for Liverpool had Pierre-Emile Hojbjerg converted a glorious chance deep in stoppage time instead of bizarrely opting to head the ball across to Harry Kane rather than at a gaping goal.

In the end a draw was a disappointing outcome for both clubs in their respective ambitions, Liverpool’s to reclaim the title and Tottenham’s to finish in the top four.

Liverpool and Manchester City both have 83 points while Tottenham remain in fifth spot with 62 points, one behind fourth-placed Arsenal who host Leeds United on Sunday.

“It is a big point, but gutted we didn’t make it at the end,” Son, who is now only two goals behind Mohamed Salah in the race for the Premier League Golden Boot, said.

Liverpool dominated possession but Tottenham dug deep defensively and rode their luck at times.

Virgil van Dijk came closest to scoring before the interval when he headed a corner against the crossbar while Mr. Diaz forced Mr. Lloris into a fine low save.

Tottenham, who have emerged unbeaten from their games against Liverpool and City this season, were always a menace on the counter-attack and they took the lead in clinical style.

Mr. Kane did superbly to control a high ball and then played in Sessegnon on the right channel and his cross was tapped in by Son for his 20th goal of the season.

Tottenham looked capable of holding on and moving into fourth spot until Mr. Diaz cut in from the left in the 74th minute and his shot took a wicked deflection to beat Hugo Lloris.

Liverpool laid siege to Tottenham’s goal after that but the late goal they so often find refused to arrive. — Reuters