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MIRECKI: Time to lower barrier to entry for Manitoba investor participation with a self-certified exemptionThe Biden administration is poised to escalate export restrictions against China's semiconductor sector, as reported by the U.S. Chamber of Commerce in an email to its members. Reuters has revealed that these restrictions could affect as many as 200 Chinese chip companies, barring them from receiving goods from U.S. suppliers. The Commerce Department, responsible for overseeing U.S. export policy, intends to release these new rules by next Thursday, just ahead of the Thanksgiving break. The Chamber of Commerce and the Commerce Department have both declined to comment on the matter. This move marks a continuation of Biden's strategy to limit China's technological progress amid concerns over potential military applications. Recent reports also suggest another set of regulations focusing on high-bandwidth memory chips is likely to be introduced next month. (With inputs from agencies.)
By JILL COLVIN NEW YORK — He’s making threats, traveling abroad and negotiating with world leaders. Donald Trump has more than a month and a half to go before he’s sworn in for a second term. But the Republican president-elect is already moving aggressively not just to fill his Cabinet and outline policy goals, but to achieve those priorities . Trump has threatened to impose a 25% tariff on goods from Canada and Mexico, prompting emergency calls and a visit from Canada’s prime minister that resulted in what Trump claimed were commitments from both U.S. allies on new border security measures. The incoming president has warned there will be “ALL HELL TO PAY” if, before his inauguration on Jan. 20, 2025, Hamas does not release the hostages being held in Gaza . He has threatened to block the purchase of U.S. Steel by a Japanese company, warning “Buyer Beware!!!” French President Emmanuel Macron, center, poses with President-elect Donald Trump, left, and Ukraine’s President Volodymyr Zelenskyy at the Elysee Palace, Saturday, Dec. 7, 2024 in Paris. (AP Photo/Aurelien Morissard) Canada Prime Minister Justin Trudeau walks through the lobby of the Delta Hotel by Marriott, Saturday, Nov. 30, 2024, in West Palm Beach, Fla. (AP Photo/Carolyn Kaster) Argentina’s President Javier Milei arrives to speak before President-elect Donald Trump during an America First Policy Institute gala at his Mar-a-Lago estate, Thursday, Nov. 14, 2024, in Palm Beach, Fla. (AP Photo/Alex Brandon) French President Emmanuel Macron welcomes President-elect Donald Trump as he arrives at the Elysee Palace, Saturday, Dec. 7, 2024 in Paris. (AP Photo/Aurelien Morissard) In this photo provided by the Press Service Of The President Of Ukraine on Nov. 19, 2024, from left Head of Ukrainian Presidential Office Andriy Yermak, Head of Foreign Intelligence Service of Ukraine Oleksandr Lytvynenko and Commander-in-Chief of the Armed Forces of Ukraine General Oleksandr Syrskyi listen a speech of Ukraine’s President Volodymyr Zelenskyy at Verkhovna Rada in Kyiv, Ukraine. (Press Service Of The President Of Ukraine via AP) FILE – Steve Witkoff speaks on the final night of the Republican National Convention, July 18, 2024, in Milwaukee. (AP Photo/J. Scott Applewhite, File) French President Emmanuel Macron, center, sits with President-elect Donald Trump, left, and Ukraine’s President Volodymyr Zelenskyy at the Elysee Palace, Saturday, Dec. 7, 2024 in Paris. (AP Photo/Aurelien Morissard) FILE – Rep. Mike Waltz, R-Fla., speaks during a hearing on Capitol Hill, July 22, 2024, in Washington. (AP Photo/Rod Lamkey, Jr., File) FILE – Mexican President Claudia Sheinbaum gives a media briefing from the National Palace in Mexico City, Oct. 2, 2024, the morning after her inauguration. (AP Photo/Fernando Llano, File) French President Emmanuel Macron, center, poses with President-elect Donald Trump, left, and Ukraine’s President Volodymyr Zelenskyy at the Elysee Palace, Saturday, Dec. 7, 2024 in Paris. (AP Photo/Aurelien Morissard) And this weekend, Trump was returning to the global stage, joining a host of other foreign leaders for the reopening of the Notre Dame Cathedral five years after it was ravaged by a fire. On Saturday, he met with French President Emmanuel Macron — joined at the last minute by Ukrainian President Volodymyr Zelenskyy — and had plans to see Britain’s Prince William also in Paris. Absent in Paris: lame duck President Joe Biden, who has largely disappeared from headlines, except when he issued a pardon of his son , Hunter, who was facing sentencing for gun crimes and tax evasion. First lady Jill Biden is attending in his place. “I think you have seen more happen in the last two weeks than you’ve seen in the last four years. And we’re not even there yet,” Trump said in an over-the-top boast at an awards ceremony Thursday night . For all of Trump’s bold talk, though, it is unclear how many of his efforts will bear fruit. Breaking precedent The pre-inauguration threats and deal-making are highly unusual, like so much of what Trump does, said Julian Zelizer, a political historian at Princeton University. “Transitions are always a little complicated in this way. Even though we talk about one president at a time,” he said, “the reality is one president plus. And that plus can act assertively sometimes.” Zelizer said that is particularly true of Trump, who was president previously and already has relationships with many foreign leaders such as Macron, who invited both Trump and Biden to Paris this weekend as part of the Notre Dame celebration. “Right now he’s sort of governing even though he’s not the president yet. He’s having these public meetings with foreign leaders, which aren’t simply introductions. He’s staking out policy and negotiating things from drug trafficking to tariffs,” Zelizer said. Foreign leader meetings Trump already has met with several foreign leaders, in addition to a long list of calls. He hosted Argentinian President Javier Milei in Florida at his Mar-a-Lago club in November. After the tariff threat, Canadian Prime Minister Justin Trudeau made a pilgrimage to Mar-a-Lago for a three-hour dinner meeting. Canadian officials later said the country is ready to make new investments in border security, with plans for more helicopters, drones and law enforcement officers. Last Sunday, Trump dined with Sara Netanyahu, wife of the Israeli prime minister. Incoming Trump aides have also been meeting with their future foreign counterparts. On Wednesday, several members of Trump’s team, including incoming national security adviser Mike Waltz, met with Andriy Yermak, a top aide to Zelenskyy, in Washington, as Ukraine tries to win support for its ongoing efforts to defend itself from Russian invasion, according to a person familiar with the meeting. Yermak also met with Trump officials in Florida, he wrote on X . That comes after Trump’s incoming Middle East envoy, Steve Witkoff, traveled to Qatar and Israel for high-level talks about a cease-fire and hostage deal in Gaza, according to a U.S official familiar with the efforts, meeting with the prime ministers of both countries. The official was not authorized to publicly discuss the matter and spoke on condition of anonymity. One president, two voices There is no prohibition on incoming officials or nominees meeting with foreign officials, and it is common and fine for them to do so — unless those meetings are designed to subvert or otherwise impact current U.S. policy. Trump aides were said to be especially cognizant of potential conflicts given their experience in 2016, when interactions between Trump allies and Russian officials came under scrutiny. That included a phone call in which Trump’s incoming national security adviser, Michael Flynn, discussed new sanctions with Russia’s ambassador to the United States, suggesting things would improve after Trump became president. Flynn was later charged with lying to the FBI about the conversation. Trump’s incoming press secretary Karoline Leavitt said that, “All transition officials have followed applicable laws in their interactions with foreign nationals.” She added: “World leaders recognize that President Trump is returning to power and will lead with strength to put the best interests of the United States of America first again. That is why many foreign leaders and officials have reached out to correspond with President Trump and his incoming team.” Such efforts can nonetheless cause complications. If, say, Biden is having productive conversations on a thorny foreign policy issue and Trump weighs in, that could make it harder for Biden “because people are hearing two different voices” that may be in conflict, Zelizer said. Leaders like Russia’s Vladimir Putin and Netanyahu may also anticipate a more favorable incoming administration and wait Biden out, hoping for more a better deal. Coordination between incoming and outgoing administrations It also remains unclear how extensively the Biden administration has been kept apprised of Trump transition efforts. Although there is no requirement that an incoming administration coordinate calls and meetings with foreign officials with the State Department or National Security Council, that has long been considered standard practice. That is, in part, because transition teams, particularly in their early days and weeks, do not always have the latest information about the state of relations with foreign nations and may not have the resources, including interpretation and logistical ability, to handle such meetings efficiently. Still, the Biden and Trump teams have been talking, particularly on the Middle East, with the incoming and outgoing administrations having agreed to work together on efforts to free hostages who remain in held in Gaza, according to a U.S. official, who, like others, was not authorized to comment publicly about the sensitive talks and spoke on condition of anonymity. That includes conversations between Witkoff and Biden’s foreign policy team as well as Waltz and Biden national security adviser Jake Sullivan. Last month, Biden administration officials said they had kept Trump’s team closely apprised of efforts to broker a ceasefire deal between Israel and Hezbollah on the Israel-Lebanon border. “I just want to be clear to all of our adversaries, they can’t play the incoming Trump administration off of the Biden administration. I’m regularly talking to the Biden people. And so, this is not a moment of opportunity or wedges for them,” Waltz said Friday in a Fox Business interview. But when it comes to immigration, Biden administration officials haven’t been entirely in the loop on discussions around how to execute on Trump’s pledge to deport millions of migrants, according to four administration officials with knowledge of the transition who spoke on condition of anonymity. That’s not terribly surprising given how differently the teams view migration. Taking credit already Trump’s team, meanwhile, is already claiming credit for everything from gains in the stock and cryptocurrency markets to a decision by Walmart to roll back diversity, equity and inclusion policies Trump opposes. “Promises Kept — And President Trump Hasn’t Even Been Inaugurated Yet,” read one press release that claimed, in part, that both Canada and Mexico have already pledged “immediate action” to help “stem the flow of illegal immigration, human trafficking, and deadly drugs entering the United States.” Mexican President Claudia Sheinbaum has stopped short of saying Trump mischaracterized their call in late November. But she said Friday that Trump “has his own way of communicating, like when we had the phone call and he wrote that we were going to close the border. That was never talked about in the phone call.” Earlier this week, Mexico carried out what it claimed was its largest seizure of fentanyl pills ever. Seizures over the summer had been as little as 50 grams per week, and after the Trump call, they seized more than a ton. Security analyst David Saucedo said that “under the pressure by Donald Trump, it appears President Claudia Sheinbaum’s administration is willing to increase the capture of drug traffickers and drug seizures that Washington is demanding.” Biden, too, tried to take credit for the seizure in a statement Friday night. Associated Press writers Matthew Lee, Aamer Madhani, Colleen Long and Ellen Knickmeyer in Washington and Mark Stevenson in Mexico City contributed to this report.
Qatar's prime minister said on Saturday that momentum had returned to talks aimed at securing a truce and hostage exchange deal in Gaza following Donald Trump's election as US president. The Gulf emirate, along with the United States and Egypt, had been involved in months of unsuccessful negotiations for a Gaza truce and hostage release. But in November, Doha announced it had put its mediation on hold, saying it would resume when Hamas and Israel showed "willingness and seriousness". "We have sensed, after the election, that the momentum is coming back," Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani told the Doha Forum for political dialogue. He spoke as a source close to the Hamas delegation in the talks told AFP that a new round of negotiations will "most likely" begin in the coming week. Sheikh Mohammed said that while there were "some differences" in the approach to an agreement by the outgoing and incoming US administrations, "we didn't see or recognise any disagreement on the goal itself to end the war". He said there had been "a lot of encouragement from the incoming administration in order to achieve a deal, even before the president comes to the office", adding this had affected Qatar's decision to get talks "back on track". "We hope to get things done as soon as possible. We hope that the willingness of the parties to engage in a good faith continues," he said. The source close to the Hamas delegation, speaking on condition of anonymity, told AFP: "Based on contacts with the mediators, we expect a new round of negotiations to begin in Cairo, most likely this week, to discuss ideas and proposals regarding a ceasefire and a prisoner exchange." The source added that Turkey, as well as Egypt and Qatar, had been "making commendable efforts to stop the war". In a statement later on Saturday, the group said Turkish spy chief Ibrahim Kalin met with a Hamas delegation in Doha to discuss the war in Gaza. The war in Gaza was sparked by Hamas's October 7, 2023 attack on Israel, which resulted in the deaths of 1,208 people, mostly civilians, according to an AFP tally based on official figures. During the attack, militants kidnapped 251 people, 96 of whom remain in Gaza, including 34 declared dead by the Israeli military. Israel's retaliatory military campaign in Gaza has killed at least 44,664 people, a majority civilians, according to figures from the territory's Hamas-run health ministry which the UN considers reliable. The US president-elect this week warned on social media of unspecified massive repercussions if the hostages were not released by the time he takes office next month. Trump has vowed staunch support for Israel and to dispense with outgoing President Joe Biden's occasional criticism, but has also spoken of his desire to secure deals on the world stage. On Saturday, Qatar's premier dismissed the prospect of his country facing greater pressure over the status of the Hamas political bureau, which the Gulf state has hosted since 2012 with Washington's blessing. Sheikh Mohammed called the Hamas office a "platform to convene between the different parties". Qatar was not "expected to enforce solutions" on the Palestinian militants, he added. csp/srm/dcp/itOil prices held steady on Wednesday as a large, surprise build in U.S. gasoline stocks offset easing supply concerns from a ceasefire deal between Israel and Hezbollah. Brent crude futures rose 2 cents to $72.83 a barrel by 11:43 a.m. ET (1643 GMT). U.S. West Texas Intermediate crude climbed 4 cents to $68.82. U.S. gasoline stocks rose by 3.3 million barrels in the week to 212.2 million barrels, the Energy Information Administration said, compared with analysts’ expectations in a Reuters poll for a 46,000-barrel draw. Crude stocks fell by 1.8 million barrels in the week ended Nov. 22, the EIA added, compared with analysts’ expectations in a Reuters poll for a 605,000-barrel draw. Market sources, citing the American Petroleum Institute, had said on Tuesday that oil inventories fell by 5.94 million barrels and fuel inventories rose last week. “It is surprising to see gasoline inventories building so much and implied demand not really budging week-on-week, given expected record travel this Thanksgiving,” said Kpler analyst Matt Smith. On Tuesday, both benchmarks had settled lower after Israel agreed to a ceasefire deal with Lebanon’s Hezbollah, effective Wednesday after both sides accepted the agreement brokered by the U.S. and France. A ceasefire between Israel and Lebanese armed group Hezbollah held on Wednesday after the two sides struck the deal, a rare feat of diplomacy in the Middle East, wracked by two wars and several proxy conflicts for over a year. “The real question will be for how long it (the ceasefire) will truly be honoured,” said Dennis Kissler, senior vice president of trading at BOK Financial. Supporting prices, sources from the OPEC+ group comprising the Organization of the Petroleum Exporting Countries and allies led by Russia have said the producer group is discussing a further delay to the oil output increase set for January. The group, which produces about half the world’s oil, had aimed to gradually ease production cuts through 2024 and 2025, but weaker global demand and rising output outside OPEC+ have cast doubt on that plan. The decision will be made at the Dec. 1 meeting. Heads of commodities research at Goldman Sachs (GS.N), opens new tab and Morgan Stanley (MS.N), opens new tab said oil prices are undervalued, citing a market deficit and risk to Iranian supply from possible sanctions under U.S. President-elect Donald Trump. “With the President-Elect Trump’s sanctions soon to come, many think Iran will be targeted, which could slow their exports substantially,” BOK’s Kissler said. Trump said he would impose a 25% tariff on all products coming into the U.S. from Mexico and Canada. Crude oil would not be exempt from the trade penalties, sources told Reuters on Tuesday. Oil industry analysts and traders warned the move would likely raise oil prices for U.S. refiners, squeezing margins and driving up the cost of fuel. “We expect WTI to trade within the range of $65-$70 a barrel, factoring in weather conditions during the Northern Hemisphere’s winter, a potential increase in shale oil and gas production under the incoming Donald Trump administration in the U.S. and demand trends in China,” said Hiroyuki Kikukawa, president of NS Trading, part of Nissan Securities. Source: Reuters (Reporting by Arunima Kumar in Bengaluru, Yuka Obayashi in Tokyo and Emily Chow in Singapore; editing by David Goodman, Jason Neely, Jonathan Oatis and David Gregorio)
The long sports-filled Thanksgiving weekend is a time when many Americans enjoy gathering with friends and family for good food, good company and hopefully not too much political conversation. Also on the menu — all the NFL and college sports you can handle. Here's a roadmap to one of the biggest sports weekends of the year, with a look at marquee games over the holiday and how to watch. All times are in EST. All odds are by BetMGM Sportsbook. • NFL: There is a triple-header lined up for pro football fans. Chicago at Detroit, 12:30 p.m., CBS: Rookie quarterback Caleb Williams and the Bears go against the Lions, who are one of the favorites to reach the Super Bowl in February. Lions favored by 10. New York at Dallas, 4:30 p.m., Fox: The Giants and Cowboys are both suffering through miserable seasons and are now using backup quarterbacks for different reasons. But if Dallas can figure out a way to win, it will still be on the fringe of the playoff race. Cowboys favored by 3 1/2. Miami at Green Bay, 8:20 p.m., NBC/Peacock: The Packers stumbled slightly out of the gate but have won six of their past seven games. They'll need a win against Miami to try to keep pace in the NFC North. Packers favored by 3. • College Football: Memphis at No. 18 Tulane, 7:30 p.m., ESPN. If college football is your jam, this is a good warmup for a big weekend. The Tigers try to ruin the Green Wave’s perfect record in the American Athletic Conference. Tulane is favored by 14. • NFL: A rare Friday showdown features the league-leading Chiefs. Las Vegas at Kansas City, 3 p.m. Prime Video: The Chiefs and quarterback Patrick Mahomes are 12-point favorites over the Raiders. • College Basketball: Some of the top programs meet in holiday tournaments around the country. Battle 4 Atlantis championship, 5:30 p.m., ESPN: One of the premier early season tournaments, the eight-team field includes No. 3 Gonzaga, No. 14 Indiana and No. 24 Arizona. Rady Children's Invitational, 6 p.m., Fox: It's the championship game for a four-team field that includes No. 13 Purdue and No. 23 Mississippi. • College Football: There is a full slate of college games to dig into. Oregon State at No. 11 Boise State, noon, Fox: The Broncos try to stay in the College Football Playoff hunt when they host the Beavers. Boise State favored by 19 1/2. Oklahoma State at No. 23 Colorado, noon, ABC: The Buffaloes and Coach Prime are still in the hunt for the Big 12 championship game when they host the Cowboys. Colorado favored by 16 1/2. Georgia Tech at No. 6 Georgia, 7:30 p.m., ABC: The Bulldogs are on pace for a spot in the CFP but host what could be a tricky game against rival Georgia Tech. Georgia favored by 19 1/2. • NBA. After taking Thanksgiving off, pro basketball returns. Oklahoma City at Los Angeles Lakers, 10 p.m., ESPN: The Thunder look like one of the best teams in the NBA's Western Conference. They'll host Anthony Davis, LeBron James and the Lakers. • College Football. There are more matchups with playoff implications. Michigan at No. 2 Ohio State, noon, Fox: The Wolverines are struggling one season after winning the national title. They could make their fan base a whole lot happier with an upset of the Buckeyes. Ohio State favored by 21. No. 7 Tennessee at Vanderbilt, noon, ABC: The Volunteers are a fairly big favorite and have dominated this series, but the Commodores have been a tough team this season and already have achieved a monumental upset over Alabama. Tennessee favored by 11. No. 16 South Carolina at No. 12 Clemson, noon, ESPN: The Palmetto State rivals are both hanging on the edge of the CFP playoff race. A win — particularly for Clemson — would go a long way toward clinching its spot in the field. Clemson favored by 2 1/2. No. 3 Texas at No. 20 Texas A&M, 7:30 p.m. ABC: The Aggies host their in-state rival for the first time since 2011 after the Longhorns joined the SEC. Texas favored by 5 1/2. Washington at No. 1 Oregon, 7:30 p.m., NBC: The top-ranked Ducks have been one of the nation’s best teams all season. They’ll face the Huskies, who would love a marquee win in coach Jedd Fisch’s first season. Oregon favored by 19 1/2. • NBA: A star-studded clash is part of the league's lineup. Golden State at Phoenix, 9 p.m., NBA TV: Steph Curry and the Warriors are set to face the Suns' Big Three of Kevin Durant, Devin Booker and Bradley Beal. • NFL: It's Sunday, that says it all. Pittsburgh at Cincinnati, 1 p.m., CBS: Joe Burrow is having a great season for the Bengals, who are struggling in other areas. They need a win to stay in the playoff race, hosting a Steelers team that's 8-3 and won five of their past six. Bengals favored by 3. Arizona at Minnesota, 1 p.m., Fox: The Cardinals are tied for the top of the NFC West while the Vikings are 9-2 and have been one of the biggest surprises of the season with journeyman Sam Darnold under center. Vikings favored by 3 1/2. Philadelphia at Baltimore, 4:25 p.m., CBS: Two of the league's most electric players will be on the field when Saquon Barkley and the Eagles travel to face Lamar Jackson and the Ravens. Ravens favored by 3. San Francisco at Buffalo, 8:20 p.m. NBC/Peacock: The 49ers try to get back to .500 against the Bills, who have won six straight. Bills favored by 7. • NBA. The best teams in the Eastern Conference meet in a statement game. Boston at Cleveland, 6 p.m., NBA TV: The defending champion Celtics travel to face the Cavs, who won their first 15 games to start the season. • Premier League: English soccer fans have a marquee matchup. Manchester City at Liverpool, 11 a.m., USA Network/Telemundo. The two top teams meet with Manchester City trying to shake off recent struggles. • Auto Racing: The F1 season nears its conclusion. F1 Qatar Grand Prix, 11 a.m., ESPN2 – It's the penultimate race of the season. Max Verstappen already has clinched his fourth consecutive season championship.
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NoneIn a historic moment for Dutch tennis, the Netherlands' Davis Cup team has reached their first-ever final by staging an impressive 2-0 win over Germany in Malaga, Spain. Botic Van de Zandschulp and Tallon Griekspoor secured singles victories that sent a wave of excitement through the Dutch supporters clad in orange. Coached by Paul Haarhuis, the Netherlands team now awaits the winner between defending champions Italy and Australia in the final. Van de Zandschulp, who played a pivotal role in the semifinals, demonstrated resilience by defeating Daniel Altmaier after an intense match on Friday. Meanwhile, Griekspoor showcased remarkable resilience and skill, overcoming Jan-Lennard Struff with a storming comeback. This triumph was fueled by his serving prowess and determination, which vibrated through the arena as the Dutch team celebrated their historical achievement. Coach Haarhuis lauded the team's collective spirit and reflected on their journey to the finals. (With inputs from agencies.)