Latest news with #US17
West Australian
30-05-2025
- Business
- West Australian
Global corporate travel a casualty of Donald Trump's war on trade
Optimism in the global business travel sector has dropped by more than half this year, according to a report published by the Global Business Travel Association. Positive sentiment fell from 67 per cent in November 2024 to 31 per cent in April 2025, according to the report which surveyed more than 900 business travel professionals on the affect of tariffs, tightened border policies and other US government policies announced this year. More than one in four respondents in Canada, the US and Europe said they felt 'pessimistic' or 'very pessimistic' about the industry outlook this year. However, 40 per cent of those surveyed said they felt neither positive nor negative. 'Since I have been in my role for four years, I haven't seen this high of a level of uncertainty,' Suzanne Neufang, the association's CEO, said. The survey showed nearly 30 per cent of business travel buyers anticipate their companies will reduce employee trips this year, while some 20 per cent said they weren't sure, it showed. 'They're not even confident enough to be able to say things will be fine or things won't be fine,' she said. Some 27 per cent of respondents also said they expect business travel spending to decrease as well. A third of business travel buyers said their companies have either changed, or are considering changing, policies regarding travel to or from the US, the report showed. Some 6 per cent said their companies had relocated events from the US to another country. 'From an APAC perspective, and certainly from a European perspective, maybe even LATAM, there's the opportunity to be the source of where these meetings take place,' Neufang said. 'There are many other opportunities to be a winner in this trade game.' Business travel professionals expressed several concerns about the potential for the long-term impact caused by decisions of the Trump Administration this year, led by worries over business travel costs (54 per cent) and problems processing visas (46 per cent). Global airfares, however, are slightly down — about $US17, or 2.2 per cent year-to-date — according to FCM Consulting, a division of the business travel company FCM Travel. Nevertheless, the global business travel market is still on track to top $US1.6 trillion by the end of 2025, Neufang said. However, she said that's only 'if the last 100 days don't impact negatively everywhere'. By 2028, the Global Business Travel Association expects, that number will cross the $US2tr mark, she said. She noted that while business travel volumes haven't returned to pre-pandemic levels, business travel spending fully recovered in 2024, partly as a result of inflation. But she said the trade war initiated by the Trump Administration could spell a bout of new business trips. 'During times of trade wars, business travel may actually increase for at least a period of time — for new partners to be found [and] new markets to be built,' she said. 'You lose a customer, you need to find another one. So I think that perspective doesn't mean all doom and gloom for us.' However, if tariffs remain elevated, 'There will definitely be an impact to U.S. travel ... But I think Europe, Asia, Europe to Asia, Asia to Europe. I think anywhere to Africa, all of those are probably fine.' Leisure travel to the United States has fallen in 2025. International visitor spending is projected to drop 4.7 per cent from 2024, representing some $8.5 billion for the U.S. travel industry, in a year revenues were once widely expected to grow. CNBC
Yahoo
17-05-2025
- Business
- Yahoo
New Mount Pleasant Aldi expected to open in June
MOUNT PLEASANT, S.C. (WCBD) — The new Mount Pleasant Aldi store on US 17 North is expected to open at the end of June, according to a town councilman. Councilmember Daniel Brownstein posted that the grocery store should be open by June 25 after an opening delay. Brownstein explained he reached out to the general contractor who said the delays are due to finishing up 'punch list items.' Once these items are completed, a fire suppression system will be installed, and final inspections will be completed. 'I am a fan of Aldi and am eager for this location to open as well,' Brownstein said. 'The town is aware of the anticipation and will conduct the inspections in a timely manner when they are requested.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
AU Financial Review
06-05-2025
- Business
- AU Financial Review
People are changing how they use LinkedIn. So is the platform
Congratulate LinkedIn on its work anniversary! Next month, the business world's favourite social network will turn 22. The 1.1 billion users of LinkedIn – which is a year older than even Facebook – can celebrate two decades of humblebrags, motivational quotes and automated congratulations from long-forgotten acquaintances. Microsoft, its owner, can meanwhile toast a canny acquisition. Since the tech giant bought LinkedIn eight years ago, for $US26 billion, the platform's annual revenue has grown from $US3 billion to $US17 billion.
AU Financial Review
29-04-2025
- Business
- AU Financial Review
Woodside greenlights $27b US gas project
Woodside has pulled the trigger on its $US17 billion ($27 billion) Louisiana liquefied natural gas project on the US Gulf Coast, stepping up its bet on US gas amid President Donald Trump's push to ramp up energy exports. The decision to approve Louisiana LNG, scheduled for completion by 2029, positions Woodside to operate more than 5 per cent of global LNG supply by the 2030s, the company said on Tuesday.
The Age
25-04-2025
- Business
- The Age
‘We don't want to be the sacrificial lamb': The farmers hurt by Trump's tariffs
Magnolia, Kentucky: Just down the road from Caleb Ragland's farm in country Kentucky is the birthplace of Abraham Lincoln. The great statesman's parents moved in around the same time as Ragland's ancestors settled there in the early 1800s. A ninth-generation farmer, Ragland is also the president of the American Soybean Association. So he knows a thing or two about the crop that feeds much of the world's livestock and represents more than a fifth of all US agricultural exports. And he is deeply worried about the impact of the trade war sparked by Donald Trump's unprecedented 145 per cent tariffs on China, to which Beijing has retaliated with almost identical tariffs of its own. 'During the last trade war with China, I think 71 per cent of the agricultural losses came from soy,' Ragland said. 'That's a big number, and that's why we are so vocal on this. We have a responsibility to our membership, our fellow farmers and farm families, who are – just like my family – trying to make a living.' Kentucky is a solid red state, and Trump increased his vote to nearly 65 per cent in November. That's especially true out on the farms. Ragland voted for Trump each time and doesn't regret it, but he is pleading with the president to strike a deal with Beijing that will see the current tariffs – which effectively amount to a trade embargo – slashed before the soybean harvest in October. 'The previous administration did little to nothing to promote trade. They just sat on their hands and didn't do anything. So I appreciate the fact that President Trump is trying to get deals done,' Ragland said. 'But on the flipside, as farmers and soybean farmers in particular, we don't want to be the sacrificial lamb at the tip of the spear on this.' Last year, the US shipped 27 million tonnes of soybeans to China, worth about $US12.8 billion ($20.1 billion). But as a proportion, soybean exports to China never fully recovered from the 2018 trade war, with China now relying more heavily on Brazil, and to a lesser extent, Argentina, Uruguay and Canada. Plus, the wholesale price of soybeans has dropped 40 per cent over the last three years, from $US17 a bushel to $US10. 'That's a tough combination,' Ragland said. 'Myself and most other farms, we want to make our living from the market. We want to get a fair price and basically not have any artificial barriers built up that hurt our ability to fully use the market and have trade.'
