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DTI pitching four potential retail investors in S. Korea

DTI Undersecretary Ma. Cristina A. Roque

THE Department of Trade and Industry (DTI) said it plans to make a retail-industry investment pitch in South Korea this week.

“I am hoping to get investments in the retail sector,” Trade Secretary Ma. Cristina A. Roque told reporters late Monday, adding that the industry has only barriers to entry for foreigners and creates large numbers of jobs.

“We are going to meet four companies in retail,” she added, including new brands and restaurant businesses.

At the Philippine Economic Zone Authority (PEZA) 30th Anniversary & Investors Recognition Night on Monday, Ms. Roque said she is committed to assist investors deal with their problems while operating in the Philippines.

She called PEZA one of the most trusted investment promotion institutions by foreign investors.

“But then, of course, there are still so many things that we need to adjust, so many things that we still need to do to make sure that at least we can assist you as best as we can and we can do an excellent job,” she said.

“So please help us also by telling us what we need to do so that at least your investments will grow here in the Philippines and in PEZA,” she added.

PEZA is a major contributor in the mission to raise worker incomes, she said, citing its role in “bringing opportunities closer to our communities.” — Justine Irish D. Tabile

Dairy self-sufficiency forecast at 2% this year

REUTERS

THE National Dairy Authority (NDA) said it is projecting 2% domestic sufficiency in dairy by year’s end following the growth of the dairy herd.

In a statement, the NDA said the outlook is also supported by strong output in the first nine months.

Citing the Philippine Statistics Authority (PSA), the NDA said the dairy herd grew 7.7% to 162,417 head in the nine months to September.

Milk production was 30.59 million liters, up 25.17% from a year earlier, with most of the increase recorded in the third quarter.

The NDA said the herd expansion is accompanied by improvements in animal health, feeding practices, and farm management.

“The Dairy Herd Build-Up Program has been instrumental in expanding the number of dairy animals and milk lines through the implementation of its subprograms — animal breeding, animal health, and animal nutrition programs,” the NDA said.

The NDA also said data on the carabao dairy segment, which is overseen by the Philippine Carabao Center, is reflecting more of the output generated by smallholder farmers.

“This optimism is supported by a favorable policy environment, particularly with the recent enactment of Republic Act (RA) 12308 or the Animal Industry Development and Competitiveness Act, which provides a stronger institutional framework for livestock and dairy development,” the NDA said.

RA 12308 aims to promote the competitiveness of the livestock industry and streamline animal health and breeding programs.

The bicameral conference committee recently approved a P2.38-billion budget for the NDA in 2026, sharply higher than the P531.16 million allocated by the Executive branch in its National Expenditure Program (NEP). The government is relying on domestic milk to supply the Department of Education’s school-based feeding program.

The bicameral conference committee also raised the budget of the Philippine Carabao Center to P2.08 billion, well above its P959.34-million NEP allocation, also to support the milk feeding program.

The US Department of Agriculture forecast Philippine dairy production to grow 3% to 37,000 metric tons in 2026, citing the expanding herd, ongoing government dairy development projects, and rising demand from the milk feeding program. 

The Philippines currently imports about 99% of its dairy needs from countries like the US and New Zealand. The Department of Agriculture has set a target of 5% dairy self-sufficiency within the next two or three years. — Vonn Andrei E. Villamiel

Pork, onion sellers ordered to explain MSRP non-compliance

PORK meat products are sold at the Murphy Market in Cubao, Quezon City, Feb. 11, 2021. — PHILIPPINE STAR/ MICHAEL VARCAS

THE Department of Agriculture (DA) said it will issue Notices to Explain to retailers who failed to comply with the department’s maximum suggested retail price (MSRP) for the commodities, Agriculture Assistant Secretary Genevieve V. Guevarra said on Tuesday.

During a price monitoring visit to Mega Q Mart in Quezon City, Ms. Guevarra said some retailers, particularly onion sellers, remain non-compliant with the MSRP, leading to the orders to justify their pricing.

According to DA price monitors, from Dec. 8 to 13, the average price of imported red onion in Metro Manila was P213.87 per kilo, well above the P150 per kilo MSRP set by the DA.

Prices of pork belly (liempo) and pork shoulder (kasim) also exceeded the MSRP, averaging P392.92 and P341.12 per kilo, higher than the prescribed P370 and P330 per kilo, respectively.

Ms. Guevarra said the DA is seeking to trace prices at every stage of the supply chain to determine whether higher retail prices are justified.

“Retailers say they have many expenses, so we want to know what these are to (determine) whether the current prices of basic commodities are reasonable,” she said.

She said the DA will consolidate data from non-compliant retailers and trace their sources, including distributors, particularly in cases where the department suspects profiteering, hoarding, or cartel behavior.

“We need to talk to all players in the value chain before we conclude whether this is a concerted or habitual effort,” Ms. Guevarra said.

Retailers issued notices will be given three days to respond, detailing their sources, landed costs, markups, and operating expenses.

While there is no penalty for failing to comply with the MSRP, Ms. Guevarra said non-compliance may be used as evidence of profiteering if excessive profits are established. 

The DA said it will conduct similar monitoring exercises and issue more Notices to Explain in other public markets, especially as demand is expected to rise ahead of the holidays.

“During the Christmas season, we usually see a surge in buying as families prepare for Noche Buena. That’s why we need to intensify monitoring and ensure consumers are protected,” she said. — Vonn Andrei E. Villamiel

DoE, LANDBANK to launch $170-million de-risking facility for geothermal developers 

BW FILE PHOTO

A $170-MILLION geothermal de-risking facility is set to launch next year following an agreement signed by the Department of Energy (DoE) and Land Bank of the Philippines (LANDBANK).

In a statement on Tuesday, the DoE said the Philippine geothermal resource de-risking facility (PGRDF) will address one of the most persistent barriers to geothermal development — the high up-front investment and uncertainty surrounding exploration and initial drilling.

“Geothermal development requires significant investment long before a single kilowatt is delivered to consumers. Through the PGRDF, government is helping the exploration stage so that viable prospects can move faster from resource confirmation to project development,” Energy Secretary Sharon S. Garin said.

Under the agreement, the DoE will act as the executing agency, responsible for policy direction and governance, including the establishment of technical standards, eligibility criteria, and overall program oversight.

LANDBANK will serve as the facility administrator and manager, overseeing sub-loan applications, milestone-based funding releases, collections, and program reporting.

“This partnership with LANDBANK strengthens our ability to expand clean and dependable power supply, support energy security, and advance a just and sustainable energy transition that ultimately benefits Filipino communities,” Ms. Garin said.

The facility was provided by the Asian Development Bank (ADB) through a sovereign loan to the Philippine government to fund or co-share the cost of exploration and drilling.

The DoE said that the financing support enables developers to drill exploration wells with greater confidence and advance new greenfield prospects toward development.

Energy Undersecretary Rowena Cristina L. Guevara, who oversees the renewable energy program, said that the facility is expected to accelerate geothermal development and unlock more viable prospects.

“This is how we translate energy transition goals into firm capacity that supports affordability and long-term energy security,” she said. — Sheldeen Joy Talavera

Gov’t funds left idle top P813B in 2024 — PIDS

THE Philippine Institute for Development Studies (PIDS) said weak oversight and outdated regulations prevented the government from fully deploying available revenue, leaving more than P813 billion in idle funds in 2024.

PIDS, in a statement on Tuesday, was citing the findings of the Congressional Policy and Budget Research Department (CPBRD).

Anthony Arvin V. Salazar, a CPBRD Research Department supervising legislative staff officer, said the practice of earmarking — designating funds for a particular use — is intended to protect priority programs, but in practice, locks funds into accounts that agencies are unable to use fully.

“Without strict oversight and performance measures, that money can sit idle or be inappropriately diverted, preventing the organization from meeting its core objective,” he said.

PIDS also noted that as revenue grows, spending remained low, noting that earmarked revenue rose to P200.9 billion in 2021 from P56.4 billion in 2013, with a sharp increase in 2024 following the inclusion of the National Tax Allotment (NTA), funds released to local governments representing their share of National Government revenue.

“The average annual utilization rate from 2014 to 2024 is only 24.3%, or just 13.6% accounting for the effects of the national tax allotment,” he said. “This low utilization has resulted in a steady increase in cumulative year-end balances, reaching P813 billion by 2024.”

Mr. Salazar urged the government to strengthen monitoring and evaluation systems, citing the need for performance metrics to assess whether earmarked revenue is being spent efficiently and effectively.

He cited the Tobacco Fund, which has served in recent years “to augment the National Tobacco Administration’s operational requirements. As a result, the fund’s cumulative balance has remained idle for many years,” he said.

Mr. Salazar also called for the passage of the Budget Modernization Bill, which addresses the persistent underutilization of earmarked revenue. — Aubrey Rose A. Inosante

UP, DLSU tango in one more dance

JACOB CORTEZ (DLSU) VS JACOB BAYLA (UP) — FACEBOOK.COM/UAAPVARSITYCHANNEL

Game on Wednesday
(Smart Araneta Coliseum)
3:30 p.m. – UP vs La Salle

REIGNING champion University of the Philippines (UP) and rival De La Salle University (DLSU) tango in one more dance to settle their finals trilogy in the winner-takes-all Game 3 of the UAAP Season 88 men’s basketball finals on Wednesday at the Smart Araneta Coliseum.

The epic duel — their third straight since splitting the last two — reaches the pinnacle at 3:30 p.m. with an anticipated bigger crowd after a flock of over 18,000 and 22,000 fans in the first two games.

Out for sweet redemption, the DLSU Green Archers drew first blood in Game 1, 74-70, behind the heroics of Jacob Cortez while Jacob Bayla and Gerry Abadiano took their turns from both ends of the floor for an equalizer in Game 2, 66-63.

Like their first two finals duels that both reached sudden death, the first two games were decided by the slimmest of margins, paving the way for a boiling point of the extended war between the two squads that have taken turns lording over the Philippine collegiate landscape today.

“One thing you can expect from us is giving our all. Game 3 is every player’s dream. We’d be lying if we are not feeling nervous but there’s also the excitement,” said coach Christian Luanzon on behalf of the master tactician Goldwin Monteverde who lost his voice in Game 2.

Graduating Mr. Abadiano in the clutch unleashed a 6-0 personal run to preserve UP’s lead every La Salle retaliation while Mr. Bayla locked down Mr. Cortez in the final possession for the win. In Game 3, they would need the help from Francis Nnoruka, Rey Remogat, Terrence Fortea and Harold Alarcon, who cooled down to five points after a 34-point explosion in Game 1.

That shifted the momentum on the dribblers from Diliman, seeking to win their third title in five straight finals appearances under the wizardry of Mr. Monteverde — and fifth overall in history as an emerging superpower.

The storied Taft program, in its 19th finals stint as the most in the UAAP history, shoots for its 11th title and second in the last three seasons under the youthful and former pro floor general Topex Robinson.

But only one’s destiny will be realized when the final buzzer blared around the iconic Big Dome.

The Green Archers, amid a roller coaster ride marred by injuries and a near elimination before stringing five straight wins to make the finals as the No. 4 seed — only the third team in history to do so — are hoping it would be them.

La Salle came so close to fulfilling that in game but Vhoris Marasigan’s potential title-clinching trey just rattled out of the rim as UP sealed the deal from the charity stripe.

“UP is the champion for a reason. There’s a reason why this is the finals. The championship would not be given to you. We have to earn it,” said Mr. Robinson, urging his wards to keep their heads up high after a foiled chance in Game 2 “that could have brought the house down.”

“But then again, that’s the beauty of winning Game 1. We still have a chance. We gave ourselves a chance to win the championship. We just have to be more patient and keep slugging it out again.”

To do it, Mr. Robinson would need more than just Mr. Cortez, calling on the entire Taft Avenue ready to unleash their arrows on Diliman led by team captain Mike Phillips, JC Macalalag, Kean Baclaan, Mason Amos, Earl Abadam and Mr. Marasigan. — John Bryan Ulanday

Teener Naomi Marjorie Cesar snatches the SEA Games 800-meter gold from favorite Vietnam lass

SIXTEEN-YEAR-OLD Naomi Marjorie Cesar (center) galloped to history at the 33rd Southeast Asian Games, dislodging 2023 women’s 800-meter run champion and hot favorite Nguyen Thi Thu Hà (left) of Vietnam from the throne and Bernalyn Bejoy (right). — FACEBOOK.COM/OLYMPICPHI

CHONBURI — All hail, Miss Cesar, teen queen.

Sixteen-year-old Naomi Marjorie Cesar galloped to history at the 33rd Southeast Asian (SEA) Games, dislodging 2023 women’s 800-meter run champion and hot favorite Nguyen Thi Thu Hà of Vietnam from the throne.

This makes the youth standout the youngest Philippine athlete to ever win the SEAG gold in athletics, according to the Philippine Athletics Track and Field Association.

“It was great, couldn’t ask for a better result,” said Ms. Cesar, a second-generation athlete whose father Ben competed at the Games in the 1990s and whose elder sister Malea is with the Filipinas football team.

Ms. Cesar almost fell over at the turn but quickly recovered and made a gutsy kick from the 200-meter mark, stunning the Vietnamese champion.

She kept her blistering pace and reached home in 2:10.2 ahead of Ms. Nguyen (2:10.3).

Compatriot Bernalyn Bejoy (2:10.6) joined Ms. Cesar at the podium. “It feels amazing. I’m so honored and so proud to represent our country and to win the gold is a dream come true.”

Though a first-timer in the SEAG, the US-based middle-distance runner already showed high potential when she won the silver at the recent Asian Youth Games.

“I knew it’s a possibility,” Ms. Cesar said of a potential Cinderella success. “I didn’t put any expectations on myself but definitely. I visualized myself winning.”

While the teen queen was waging battle in Bangkok, her ate, Malea, nervously watched the live coverage of the race from the Filipinas’ hotel 119 kilometers away in Chonburi.

Malea shed tears of joy when her kid sister won.

“I’m so proud of her,” said the footballer, who cried in the arms of goalkeeper Inna Palacios as the rest of the Filipinas clapped.

The ball is now on Malea’s hand to make it a double celebration for the Cesar family on Wednesday by helping the Filipinas win the women’s football gold against Vietnam in Chonburi. — Olmin Leyba

Filipinas see SEAG gold in their football finals match with Vietnam

FACEBOOK.COM/OLYMPICPHI

Match on Wednesday
(Chonburi Daikin Stadium)
7:30 p.m. (8:30 p.m. Manila Time) – Vietnam vs Philippines

CHONBURI — Win or lose, it’s already a victory being in the finals for the first time ever.

But ever the history makers, the Filipinas wanted to wrap up their run in the 33rd Southeast Asian Games (SEAG) here with a gold medal, no less.

“We’re hungry, we want it,” said “centurion” Hali Long, the Philippine women’s football team’s skipper as they gear up for the title duel with defending champion Vietnam on Wednesday at the Chonburi Daikin Stadium.

“It’s a first-time feeling for us, and a familiar feeling for Vietnam.”

The Filipinas put themselves in position to go all the way after hurdling their last two assignments in Group A, 1-0 over Vietnam and 6-0 over Malaysia, then outdueling host Thailand on penalties, 4-2, after a 1-1 standoff in extra time in their semifinal thriller.

“Coming to the SEAG, our goal was to win our final game, and we plan to do that,” Ms. Long said.

Ms. Long is one of the key members of the iconic 2023 FIFA Women’s World Cup team that scored a historic 1-0 win over host New Zealand and the side that won a breakthrough Asean championship in 2022 along with Liv McDaniel and Sara Eggesvik who are teaming up with promising youngsters like Alexa Pino and Mallie Ramirez here.

“We’ve got a very good (mix) of senior players who’ve played a hundred games and we’ve got an excellent, exciting group of players who’ve only played their first match this tournament,” said coach Mark Torcaso.

“So the game for us, the gold medal match is an experience — one that we want to win and one that we also want to use as preparation for our Asian Cup campaign (next year) and we want to play the best teams here in the SEA Games. We’re proud to be in the last match so we’re looking forward to it and we’re going to be ready,” he added. — Olmin Leyba

Gin Kings gun for quarters slot against ROS in Bahrain

BARANGAY GINEBRA GIN KINGS — PBA.PH

Games on Wednesday
(Ninoy Aquino Stadium)
5:15 p.m. – San Miguel vs Terrafirma
7:30 p.m. – Converge vs NLEX
(Khalifa Sports City Stadium)
11:55 p.m. – Rain or Shine vs Ginebra

BARANGAY GINEBRA shoots for two birds with one stone for its playoff aspirations against the league-leading Rain or Shine (ROS) as the PBA holds its second straight game at the Khalifa Sports City Stadium in Bahrain.

Game time is at 11:55 p.m. with the Gin Kings (5-4) seeking an outright quarterfinal berth against the Elasto Painters (8-2) while also staying in hunt for a top 4 finish and a twice-to-beat bonus.

Over at the Ninoy Aquino Stadium, San Miguel Beermen (SMB) (7-2) also eyes to clinch the said incentive against the also-ran Terrafirma (1-9) at 5:15 p.m. while Converge (6-4) and NLEX (6-4) tangle for the similar bid at 7:30 p.m.

But all roads lead to the sprawling Middle East nation, where the streaking Gin Kings will try to join a crowded upperhalf of the 12-team standings at the homestretch.

ROS torched Magnolia, 101-92, behind 17 triples in the first PBA game in Bahrain on Tuesday morning to leave only three bonuses left up for grabs among multiple teams, including Ginebra.

A win by Ginebra would eliminate Titan (4-6) from contention regardless of their final match this Sunday and propel them into the thick of the race that features SMB, NLEX, Converge, TNT Tropang 5G (6-3), Magnolia (6-4) and Meralco (5-4) for those three incentives.

“These guys know the magnitude of our remaining games in terms of a big picture of getting a playoff spot and still, maybe getting luck to the top 4,” said coach Tim Cone.

“It’s a recognition and understanding of the magnitude of our last two games. It’s something we could not split or lose. We need these games desperately.”

Ginebra, from a shaky 3-4 campaign to go down as low as 10th spot, took care of its last three games against already eliminated ball clubs in Phoenix, 102-93, Blackwater, 103-85, and Terrafirma, 108-77, to revive its top 4 hopes.

Mr. Cone, however, is well aware that it would not be a walk in the park to extend its hot tear against ROS, which has been proving its stature as the emerging power in the PBA.

“We know we got a tough assignment in front of us in Rain or Shine. They’re the league leaders and really playing clutch basketball. They’re really playing well when they have to down the stretch. That makes them a real high-character team, which you expect from Yeng Guiao,” he warned.

With more overseas games in the pipeline, the PBA’s stint in Bahrain is the second out-of-town trip this season after San Miguel beat Ginebra, 83-81, in Dubai, United Arab Emirates as part of the celebration of the league’s golden anniversary as the oldest pro league in Asia. — John Bryan Ulanday

Greek Freak Watch

The narrative around Giannis Antetokounmpo and the Bucks has officially shifted from loyalty to leverage. Once considered the National Basketball Association’s (NBA) most untouchable star (and the champion who stayed), he is now its biggest variable. For the green and white, the seismic shift is fueled by a confluence of factors: the rocky start to the season, the underwhelming integration of new pieces, and the ultimate nightmare scenario. They are in legitimate danger of losing him for nothing when his player option looms in 2027. Publicly, the Bucks are insisting that their generational talent is not, and will never be, available. In boardroom confines, however, they accept that they are walking a tightrope. They want to keep Antetokounmpo, but they also know the time to extract maximum value for him has come. The pressure on them has become immense, and, unfortunately, it’s entirely self-inflicted. After sacrificing a war chest of assets to build a “win-now” roster, they find themselves stuck in the middle; amid the mediocrity, questions about their long-term ceiling and the coaching stability required to unlock it abound.

From the outside looking in, Antetokounmpo’s frustration, however subtle, is the logical offshoot of organizational shortcomings. As a result, the NBA is playing a waiting game. Will the Bucks’ performance drastically improve and thus assuage his concerns? Or will the looming trade deadline force them to confront the unthinkable reality that they must choose between an emotionally painful trade and the potential disaster of watching their franchise player walk in two years. Around the league, the frenzy is palpable. Would-be suitors are performing an inventory of trade chips, with the Knicks and Heat consistently reported as his preferred destinations; with their big markets and history of winning, they represent the ultimate power shift. For the Bucks, any trade package needs to border on the unprecedented; they expect nothing less than a colossal haul of draft picks and young, cost-controlled talent. Never mind that these were the very assets they already had and foolishly traded away.

To be sure, there is no other way for the Bucks to quickly replenish their draft cupboard and kickstart a necessary, albeit painful, rebuild. That said, a mid-season trade remains unlikely. Blockbusters asset swaps are exceptionally complicated, requiring dizzying salary-matching gymnastics and a final determination of draft pick value that is easier to ascertain after a campaign. Insider consensus suggests that an immediate move would occur only if Antetokounmpo were to issue a formal trade demand. Without that final, desperate plea, rival executives believe the drama will linger.

Ultimately, the trade buzz surrounding Antetokounmpo is a stark reminder that even the most sacred bonds in the modern NBA are fragile at best. The Bucks’ failure to consistently build a title-caliber roster around their generational talent has created an opportunity for the competition to completely reshape the league’s balance of power. It’s anybody’s guess as to when, or on if, a deal will be consummated. In any case, the Greek Freak Watch has begun.

 

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

US dangles security guarantees for Ukraine but no deal on ‘painful’ territorial concessions

Army soldier figurines are displayed in front of the Ukrainian and Russian flag colors background in this illustration taken, Feb. 13, 2022. — REUTERS/DADO RUVIC/ILLUSTRATION

BERLIN/KYIV/WASHINGTON — The United States has offered to provide North Atlantic Treaty Organization (NATO)-style security guarantees for Kyiv as US and European negotiators reported progress in talks on Monday to end Russia’s war in Ukraine, but a deal on territorial concessions remained elusive.

Envoys sent by US President Donald J. Trump made the unprecedented offer at talks with Ukrainian President Volodymyr Zelensky in Berlin, US officials said, but warned such a deal would not be on the table forever.

The talks in the German capital have sparked some optimism from European leaders on a path to end Europe’s deadliest conflict since World War II. However, Moscow has yet to agree to any of the changes discussed in Germany and has not indicated any willingness to do so.

“We’re trying to get it done,” Mr. Trump said of an agreement to end the war, speaking at the White House after he called into a dinner involving the key officials in Berlin. “We had numerous conversations with President (Vladimir) Putin of Russia, and I think we’re closer now than we have been ever and we’ll see what we can do,” Mr. Trump added.

European leaders cautiously welcomed the Trump administration’s apparent shift on security guarantees for Ukraine.

“For the first time since the war began, the possibility of a ceasefire is conceivable,” said German Chancellor Friedrich Merz, who hosted the meetings, in a post on X.

“Today I had the feeling for the first time… that everyone was behaving like allies from one camp,” Polish Prime Minister Donald Tusk told reporters on his plane after leaving Berlin. “For the first time I heard from the mouths of American negotiators… that America would engage in security guarantees for Ukraine in such a way that the Russians would have no doubt that the American response would be military if the Russians attacked Ukraine again.”

Swedish Prime Minister Ulf Kristersson said the issue of security guarantees had become “clearer and more credible,” which he called an important step toward sustainable peace. “But many difficult questions remain, not least about territories and whether Russia wants peace at all,” Mr. Kristersson said in a statement after the Berlin talks.

TERRITORIAL CONCESSIONS
Mr. Zelensky said after the talks that he would ask the US to hit Russia with sanctions and provide Ukraine with more arms, including long-range weapons, if Moscow rejects the proposals being discussed between Kyiv, Washington and European leaders.

“I think America will apply sanctions pressure and give us more weapons if he (Putin) rejects everything,” Mr. Zelensky told reporters in a WhatsApp chat.

Kyiv supports the idea of a ceasefire, in particular for energy strikes, during the Christmas period, he added.

The US is leaning on Ukraine to withdraw its forces from the eastern Donetsk region, an official familiar with the matter said, in what would be a massive concession that could cause a ferocious backlash in Ukraine.

Mr. Zelensky, who earlier called the issue of territorial concessions “painful,” reiterated after the talks that Ukraine will not recognize Donbas as Russian either “de jure or de facto,” meaning either by right or in effect.

US officials told reporters by conference call they had secured agreement on 90% of the issues. Though longstanding territorial issues remain, one said, “we’ve got multiple different solutions to bridge the gap that we are suggesting to them.”

Ukraine has said previously it would not cede territory to Russia, which has taken almost 20% of the country in its east and south since its full-scale February 2022 invasion.

A European source briefed on the latest talks said Russia had not yet budged on its territorial demands. “The atmosphere is good but the goals remain quite far apart on the core,” the source said.

NATO-STYLE GUARANTEES
Mr. Zelensky has been holding talks in Berlin with US envoy Steve Witkoff and Mr. Trump’s son-in-law Jared Kushner as well as European leaders.

Kyiv is under intense pressure from Mr. Trump to make concessions to Russia.

A US official told reporters later that, under the deal being discussed in Berlin, Ukraine would receive security guarantees similar to those provided in Article 5 of the NATO treaty, which requires the alliance to come to the defense of any member that comes under attack.

Another US official said Russia was open to Ukraine joining the European Union (EU) and that Mr. Trump wanted to prevent Russia from encroaching further westwards in Europe.

One official said security guarantees, including deconfliction and oversight of any deal, were the major focus of Monday’s talks and that an Article 5-like guarantee was something Mr. Trump believed he could get Moscow to accept.

Mr. Zelensky said a document on the security guarantees being discussed is detailed and not just a framework, although he added it still needs work.

Working groups are expected to meet in the US during the coming weekend, possibly in Miami, one of the US officials said. “Are we prepared to go to Russia if needed? Absolutely,” the US official added.

A joint statement by leaders of several European countries including Germany, France and Britain, said there was a “strong convergence” with the US and stated a list of goals for both sides to work towards.

These included commitments to supporting Ukraine’s armed forces, a European-led peacekeeping force and guarantees to use force if Ukraine came under attack again, as well as support for Ukraine to join the EU.

Ukraine said on Sunday it was willing to drop its ambition to join NATO in exchange for Western security guarantees. But it was not immediately clear how much the talks in Berlin could persuade Russia to agree to a ceasefire.

In Moscow, Kremlin spokesman Dmitry Peskov told reporters that Russia’s demand that Ukraine not join NATO was a fundamental question in talks on a possible peace settlement. He said Russia expected an update from the US after the negotiations in Berlin. — Reuters

US suspends technology deal with Britain, FT reports

U.S. President Donald Trump and first lady Melania Trump are welcomed by Viscount Henry Hood upon arrival at London Stansted Airport for a state visit to Britain, near London, Britain, September 16, 2025. — REUTERS/KEVIN LAMARQUE TPX IMAGES OF THE DAY

THE United States has suspended a technology deal it struck with Britain earlier this year, which was intended to boost ties in artificial intelligence, quantum computing and civil nuclear energy, the Financial Times (FT) reported on Monday.

British officials on Monday confirmed the US suspended the deal last week, the FT said, adding that US President Donald J. Trump’s administration was pushing for Britain’s concessions in areas of trade outside the tech partnership.

US officials were becoming increasingly frustrated with Britain’s lack of willingness to address so-called non-tariff barriers, including rules and regulations governing food and industrial goods, the FT said.

Reuters could not immediately verify the report. The White House and British government did not immediately respond to Reuters’ requests for comment.

In September, during Mr. Trump’s visit to Britain, both countries agreed to a “Tech Prosperity Deal” to boost ties in artificial intelligence, quantum computing and civil nuclear energy.

The US is Britain’s largest trading partner, and its big tech companies have already invested billions of dollars in their UK operations. — Reuters

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