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Yahoo
an hour ago
- Yahoo
Questex's IHIF Asia Announces Keynotes from DBS and Booking.com
HONG KONG, July 28, 2025 /PRNewswire/ -- Questex's second annual International Hospitality Investment Forum (IHIF) Asia announces Mo Ji, Managing Director, Chief China/HK Economist, Group Research, DBS and Anthony Lu, Regional Director North & South APAC, will present keynote addresses. IHIF Asia takes place at the Regent Hong Kong 17-19 September 2025. Dr. Ji will present "Global Economic Outlook and Geopolitical Shifts: Navigating Market Disruptions and Inbound Capital Flows" and will explore the influence of geopolitical shifts, inbound capital flows and how countries like Vietnam, Cambodia and Thailand are benefiting from changing trade dynamics and U.S. policy impacts across the Asia Pacific region. Lu will present "Destination Asia: Forecasting Consumer Trends and Tourism Flows Across the Asia Pacific Region" and will provide an in-depth look at the projected volume and value of domestic, intraregional, and inbound travel flows in Asia Pacific. Key sessions focused on investment opportunities include: CBRE Capital Talks: New Cycle, Next Generation: Seizing opportunities in Asia's real estate shift and capital diversification Maximizing Returns: Evaluating Third-Party Operators and Owner-Brand Partnerships Hospitality Disrupted: CEO Perspectives on Growth, Innovation & Sustainability View the agenda here. "We are very pleased to welcome Dr. Ji and Anthony Lu to our program. They will deliver our audience with insights and strategies they need to make informed investment deals to navigate the opportunities in one of the world's most compelling hospitality markets," said IB Saravanan, Vice President, Questex Asia. IHIF Asia unites top players in the hospitality investment community, including HNWIs, family offices, sovereign wealth funds, private equity groups, global hotel brands, forward-thinking operators and leading developers. Register to attend IHIF Asia here. For media registration, contact Meryl Franzman at mfranzman@ For sponsorship opportunities, contact Andrew Walmsley at awalmsley@ Stay connected on LinkedIn, Facebook, X and Instagram. About Questex Questex helps people live better and longer. The company brings people together in the markets that help people live better—hospitality, operational real estate and wellness—and the industries that help people live longer—life sciences and healthcare—along with the technologies that enable and fuel these new experiences. In the experience economy, Questex connects its ecosystem through live events, enriched with data insights and digital communities, to deliver exceptional experiences and measurable results. It happens here. ### Media ContactMeryl FranzmanIHIF Asiamfranzman@ View original content to download multimedia: SOURCE Questex Asia Sign in to access your portfolio
CNBC
an hour ago
- CNBC
How the U.S.-EU trade deal impacts America's imports overall: Tariff simulator
A tariff simulator shows a dramatic drop in global exports to the U.S. as a result of President Donald Trump new trade deal with the European Union. On Sunday, Trump announced a trade deal with the EU, following discussions with European Commission President Ursula von der Leyen. Trump said that the deal imposes a 15% tariff on most European goods to the U.S., including cars. According to the Tariff Simulator by the online data visualization and distribution platform, The Observatory of Economic Complexity (OEC), the forecasted global exports to the U.S. in 2027 are expected to drop by more than 46% compared to the average of the last three years, or $2.68 trillion. The forecasted U.S. exports to the world in 2027 are expected to increase by 12% compared to the average of the last three years, or $1.59 trillion. The forecast builds on an extended gravity model designed to anticipate how trade may be reconfigured in response to the announced trade deal between the US and the EU alone. This forecast does not include the impact of all the broad tariff increases set to be imposed on Aug. 1. "While the U.S. is imposing tariffs on the world, the world is not imposing tariffs on each other," explained Cesar Hidalgo, economics professor at the Toulouse School of Economicsdirector for the Center of Collective Learning, and founder of Datawheel, which built the OEC Tariff Simulator. "The point here is that countries will have a natural tendency to rewire their trade relationships away from the U.S. in many of these scenarios, he added. "This is true for most countries, except for Mexico and Canada, which are too integrated with the United States and are unable to rewire as quickly as less integrated countries." Hidalgo explained the tariff impact using Germany as an example, "In the early 2025 scenario where there were no new tariffs, exports from Germany to the US were forecasted to go from $133B (2023) to $155B in 2027. With the 15% tariff framework, exports from Germany to the US are forecasted now to go up from $133B 2023 to $149B 2027," said Hidalgo. "Exports are down with respect to what we would have expected if tariffs would have remained the same as they were on January 1st of 2025." Under the 15% tariff scenario projected by the Tariff Simulator, the U.S. will import more from UK ($22.5 billion), France ($10.2 billion), and Spain ($5.65 billion) and less from China (-$485 billion), Canada (-$300 billion), and Mexico (-238 billion). As a result of the decrease in Chinese exports to the U.S. under this scenario, China is expected to import more from Russia ($70 billion), Vietnam ($34.4 billion), and Saudi Arabia ($28 billion) than the U.S. Chinese imports from the U.S. are expected to drop by $101 billion. Logistics experts have warned for months that even with tariff rates at lower rates than the original "reciprocal" rates announced in April, the products are still expensive. The layering of the tariffs will make many products more expensive to import and companies will forego shipments. Retail executives say the result would be a lack of product diversity on U.S. shelves, something American consumers have grown accustomed to. Andrew Abbott, CEO of niche ocean carrier Atlantic Container Line, says the resolution of the tariff levels will be the deciding factor for some European shippers. "I have seen some ocean bookings of high-value products (construction equipment, agricultural equipment, aerospace, transformers, etc.) have put all bookings on hold," said Abbott. "It all depends on the tariff rate. For example, a U.S. customer buying a $300,000 piece of machinery could potentially have $90,000 in tariffs assessed on it, so this is why some companies are waiting until a tariff rate is definitively set," he said. "Companies bringing in low-valued items, on the other hand, are continuing to order product." Based on trade data compiled and analyzed by the OEC, the bills of lading — the receipts for the containers detailing the product and company information — show IKEA is the top U.S. company importing from the EU at 28%. Southern Glazer's Wine and Spirits was next at 9%, followed by Continental Tire (4%), Bosch (4%), Dole Food Co. (3%), and Diageo (2.3%) as the top importers. Examining the top EU exports to the U.S. by product category reveals that furniture leads the list at 11%, followed by rubber tires at 7%, bedspreads at 6%, and wine at 5%.
Miami Herald
an hour ago
- Miami Herald
Walmart launches plan to steal customers away from Target, Amazon
If you're looking for a deal, you probably think to wait until the holidays, when most retailers launch big Black Friday sales. This is a sound idea; the holiday shopping season remains the most lucrative time of the year for most retailers. Related: Walmart cracks down on a growing type of fraud But the back-to-school shopping season is kind of like Black Friday's little sister. "The back-to-school shopping period from July to mid-September is the second-biggest sales driver of the year after the holiday season," the U.S. Chamber of Commerce reports. Every year, usually in the weeks that lead up to late August or early September, most big-box retail stores hold their own versions of back-to-school sales. It may seem gimmicky to celebrate a pretty routine part of the year to get shoppers through the door, but it works. "Americans are expected to spend $38.8 billion on clothes and supplies for children in grades K-12, and $86.6 billion on college students," the U.S. Chamber of Commerce said, per a 2024 National Retail Federation report. But tariffs, rising prices, and inflation complicate this picture. Many families have indicated they'll either slow their spending or specifically shop at discount retailers in search of deals. Some retailers, like Walmart (WMT) , are poised to win in such an environment. Image Source: Jones/Bloomberg via Getty Images The late summertime is typically a busy shopping period for Walmart. Customers are shopping for vacation, outdoor activities, picnics, and barbecues. And the most prepared ones begin to trickle in around mid-July for back-to-school shopping. More Retail: Walmart makes drastic change to fight theft amid worrying trendTarget has new plan to win back customers with big savingsHome Depot makes clear statement amid boycott threatsFamous retail chain makes two more alarming store closures So Walmart has decided to roll back the cost of some crucial items for families. The Arkansas-based retailer has cut the price of its top 14 most popular items to prices lower than they were one year prior. Some items are as low as $0.25, and its popular private brand Wonder Nation backpack is less than $5 at just $4.98. All told, Walmart says a student can get outfitted for the new year for just $65. But tariffs, which are duties on imported goods, have complicated the typically profitable back-to-school shopping period. Walmart CEO Doug McMillon explained the complication during the Q1 2026 earnings call. "We started to see increases happen in April and through May. We've been really focused on back-to-school receipts," McMillon explained. "When you have an imported item, you pay the tariff at the time it comes through customs. And so the cost is higher, even if the tariff rate comes down later, the cost has been elevated. McMillon added that tariffs could touch certain items, including back-to-school supplies, with an outsized effect. "So I wouldn't think of this as a moment in time necessarily, except when you think about seasonal things like back-to-school." Other top retailers, including Target (TGT) and Amazon (AMZN) , are also hosting early back-to-school promotions. Amazon's Prime Day served as its early back-to-school launch. It featured deals on books, notebooks, and pens for as low as $3. And Target announced it would put over 20 items on sale for back-to-school. The Minnesota-based retailer said it was freezing the prices of these items at 2024 prices. It claims students can bundle most of their school essentials for just around $20. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
