jiliko bet US PRESIDENT-ELECT Donald Trump on Monday praised Japan’s SoftBank for its decision to invest US$100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration. “This historic investment is a monumental demonstration of confidence in America’s future,” Trump said during a press conference at his Mar-a-Lago residence in Florida, flanked by SoftBank chief executive Masayoshi Son. “It will help ensure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created and grown right here in the USA,” added Trump, who takes office from US President Joe Biden next month. Speaking alongside Trump, Son confirmed the investment company’s financial commitment, adding that Trump’s victory had “tremendously increased” his confidence in the US economy. “I am truly excited to make this happen,” added Son, 67. Second commitment Son’s announcement is around double the amount he committed SoftBank to in December 2016, shortly before Trump began his first term as president. The Japanese investment holding company ultimately parted with around US$100 billion through its Vision Fund, with much of the money supplied by sovereign wealth funds in Saudi Arabia and the United Arab Emirates. “President Trump is a double-down president,” Son said on Monday, adding: “I’m going to have to double down.” Son made his name with successful early investments in Chinese e-commerce titan Alibaba and internet pioneer Yahoo, but has also bet on catastrophic failures such as WeWork. He has repeatedly said that “artificial superintelligence” will arrive in a decade, bringing new inventions, new medicine, new knowledge and new ways to invest. The SoftBank Group posted a bumper second-quarter net profit last month, returning to the black after net losses in the first quarter and the previous financial year. The company indicated back in March that it had US$26 billion ready to be deployed for new investments. Tariff worries Stephen Moore, an economic advisor to Donald Trump, said the announcement marked a “great day.” “The importation of capital into the US is a huge leading indicator for jobs and prosperity to come,” Moore, an economist at the conservative Heritage Foundation, told AFP in a message. On the campaign trail, Trump pledged to boost the US economy by cutting red tape and fast-tracking investments, including into the oil and gas sector. US financial markets surged following his victory on November 5, with the tech-rich Nasdaq Composite index and the broad-based S&P 500 both hitting fresh records. Despite the enthusiasm in the markets, some analysts have voiced concern that Trump’s proposals to implement new tariffs on US imports and deport millions of undocumented workers could end up hurting growth, and causing a spike in inflation. “The increased likelihood of substantial new tariffs on US imports would have the most consequential effect on economic growth,” economists at Wells Fargo wrote in a recent note to clients, adding they had “bumped up” their inflation outlook and slightly cut their GDP forecast following Trump’s win. Other analysts say the impact of Trump’s tariff plans will largely depend on how they are actually implemented. “The impact on inflation need not be particularly significant for monetary policy,” economists at Goldman Sachs wrote in a recent investor note. But, they added “this could change if the White House imposes a 10 per cent universal tariff,” referring to one of Trump’s proposals on the campaign trail. Speaking in Mar-a-Lago on Monday, Trump insisted that, “properly used,” tariffs would be positive for the US economy. “Our country right now loses to everybody,” he said. “Almost nobody do we have a surplus with.” “Tariffs will make our country rich,” he added. AFP

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Every time they need help at a position, they've found someone sitting on the couch, seemingly waiting for their call. First it was wide receiver JuJu Smith-Schuster, who returned to the Chiefs just before the season after Marquise Brown was lost to shoulder surgery. Then it was running back Kareem Hunt, who likewise returned to his former team when Isiah Pacheco broke his fibula. Left tackle D.J. Humphries came next when other options at the position were struggling, and this week it was Steven Nelson, who came out of retirement to help a secondary that has struggled for weeks. "Just got an opportunity, got a call. Was very excited about it," said Nelson, who spent his first four seasons in Kansas City before stints in Pittsburgh and Houston, and ultimately calling it quits in June so he could spend more time with his family. "I've got two daughters and been spending a lot of time with him," Nelson said, "but still trying to work out. It was kind of the perfect scenario, getting the call, especially where this team has been and this point in the season. Great opportunity." It's been a perfect opportunity for all of them. Perfect fits for the Chiefs, too. Each could have signed just about anywhere else and been able to contribute, yet they were still sitting around when Chiefs general manager Brett Veach reached out. In the case of Smith-Schuster, Hunt and Humphries, there were some concerns about injuries that had kept some teams away, but the Chiefs were willing to take a risk on them. Smith-Schuster, who has dealt with knee trouble for years, missed some time with a hamstring injury this season. But he still has 202 yards and a touchdown receiving, and has provided some veteran leadership in the locker room. Hunt was coming off a sports hernia surgery, a big reason why the Browns — whom the Chiefs visit Sunday — declined to bring him back after five years spent in a one-two punch with Nick Chubb. But when Pacheco went down, Hunt stepped in and their offense barely missed a beat; he has run for a team-leading 608 yards and five touchdowns in 10 games. Humphries was still rehabbing a torn ACL at the start of the season, but the former Pro Bowl tackle was cleared just before the Chiefs called him. Kingsley Suamataia and Wanya Morris had struggled to protect Patrick Mahomes' blind side, so they brought in Humphries to help out. And while he hurt his hamstring late in his debut last week against the Chargers, the Chiefs still hope he'll be recovered and fully up to speed in time for the stretch run and the playoffs. "I'm in Kansas City, bro. I'm pretty ecstatic. It don't get much better than this," Humphries said. "Everybody is excited for me to be here and that's a really good feeling. You're getting All-Pro guys' arms outstretched, like, 'We're so glad you're here.'" The providential signings don't stop at those four players, either. When the Chiefs lost kicker Harrison Butker to knee surgery, they signed Spencer Shrader off the Jets practice squad, and he promptly kicked a game-winner against Carolina. But then Shrader hurt his hamstring and landed on injured reserve. The 49ers had just waived Matthew Wright, and the Chiefs signed him up. He's gone 8 for 9 on field-goal tries, has been perfect on PATs, and banged the game-winner off the upright and through last week against Los Angeles. Just like Smith-Schuster, Hunt and Nelson, Wright had been with Kansas City a couple of years ago. "It definitely helps, him knowing how we do things, how we practice and what we expect," Chiefs special teams coach Dave Toub said. "That all helped, for sure. And he's a veteran. He's been a lot of places. It wasn't like he was a rookie off the street." Or off the couch, for that matter. NOTES: Butker planned to kick again Thursday and could come off IR to face the Browns on Sunday. "He looked good," Toub said. "We have to see how he responds." ... Humphries (hamstring) did not practice Thursday. RT Jawaan Taylor (knee) was limited. ... SS Justin Reid will likely handle kickoffs against Cleveland. He has a stronger leg than Wright and also puts another athletic and adept tackler on the field on special teams.

Thousands of Afghans on Thursday attended the funeral of the refugees minister, AFP journalists saw, after he was killed in a suicide bombing in Kabul the day before in an attack claimed by the Islamic State group. The Minister for Refugees and Repatriation, Khalil Ur-Rahman Haqqani, was killed on Wednesday afternoon in a suicide bombing at the ministry's offices in the Afghan capital. Thousands of men, many of them armed, gathered for Haqqani's funeral in his home village of Sarana, in a mountainous area of Paktia province, south of Kabul. The funeral included heavy security, with armoured vehicles, snipers and personnel manning the area and the road from Kabul, which was jammed with hundreds of cars as mourners travelled from surrounding provinces. Senior Taliban officials, including the Chief of Army Staff Qari Fasihuddin Fitrat, and Maulawi Abdul Kabir, political deputy of the prime minister's office, attended the funeral, according to an AFP team on site. The deceased's nephew, the powerful interior minister, Sirajuddin Haqqani, also attended, along with foreign minister Amir Khan Muttaqi. In a speech there, Muttaqi said the latest IS attacks had been planned "abroad", denouncing, without naming them, "countries harbouring" the organisation. "We call on all nations to work together to stop the common enemy, which does not recognise any kind of morality." In September, the Taliban authorities said IS had training camps in Balochistan province of Pakistan, which also regularly faces jihadist attacks. Haqqani, the highest ranked member of the Taliban government to be killed in an attack since their return to power, "was a big loss for us, the system and the nation", said Paktia resident Hedayatullah, 22. "May God protect our other leaders and keep them victorious." "Our leader... who had his life brutally taken away, achieved martyrdom," said Bostan, 53, haranguing the "cowardly attack" that killed Haqqani. The United Nations mission in Afghanistan condemned the attack on Thursday, offering condolences to the victims' families. "There can be no place for terrorism in the quest for stability," the UN Assistance Mission in Afghanistan (UNAMA) said on X. The European Union and the Organization of Islamic Cooperation also condemned the attack, along with Qatar, Saudi Arabia, Pakistan and Iran. Haqqani -- who is on US and UN sanctions lists and never appeared without an automatic weapon in his hand -- was the brother of Jalaluddin Haqqani, founder of the feared Haqqani network responsible for some of the most violent attacks during the Taliban's two-decade insurgency. The Islamic State group claimed responsibility for the attack, saying a bomber detonated an explosive vest inside the ministry, according to a statement on its Amaq news agency, as translated by the SITE Intelligence Group. Taliban authorities had already blamed IS for the "cowardly attack" -- the first targeting a minister since the Taliban returned to power in 2021. Violence has waned in Afghanistan since the Taliban forces took over the country that year, ending their war against US-led NATO coalition forces. However, the regional chapter of IS, known as Islamic State Khorasan, is active in Afghanistan and has regularly targeted civilians, foreigners and Taliban officials with gun and bomb attacks. bur-qb-sw/nro

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