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RCEP set to help stabilize global trading system

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HAIKOU, China, May 26, 2025 /PRNewswire/ — The advancement of the Regional Comprehensive Economic Partnership agreement to a higher level and toward broader coverage will bolster economic growth in the Asia-Pacific region and help stabilize a fracturing world trade system, officials and experts said on Sunday.

The mega trade pact, covering 30 percent of the world’s total population and economic output, should play an even more significant role in championing free trade and mutual benefits as headwinds buffet the global economy, they said at the 2025 RCEP Media and Think Tank Forum held in Haikou, Hainan province.

The forum, themed “Jointly Building High-Level and Largest Free Trade Area”, was organized by China Daily, the China Institute for Reform and Development and the China Oceanic Development Foundation.

“Unilateral protectionism and hegemonic bullying are wreaking havoc worldwide,” said Hainan Governor Liu Xiaoming. “Yet the RCEP is injecting robust momentum into the economic integration of the Asia-Pacific, presenting member states with new market opportunities and bolstering the international community’s confidence in multilateralism.”

Hainan, as a free trade port, will fully leverage its existing policies to integrate with the rules of the RCEP, Liu said, adding that the province will turn itself into a crucial hub that facilitates market connectivity, production factor mobility, rule coordination and industrial chain cooperation between China and other RCEP member economies.

“In the face of an increasingly uncertain and volatile global landscape, the steady progress of RCEP implementation has become even more precious,” said Qu Yingpu, publisher and editor-in-chief of China Daily.

“Redoubling our efforts to push forward regional integration and economic globalization is essential for shaping a community with a shared future for mankind,” Qu said, adding that the RCEP member economies should work together to build a regional community for scientific and technological innovation.

Harnessing the synergies of artificial intelligence-enabled joint research and cooperative networks among RCEP members will greatly enhance the collective capacity for innovation and smart development, he said.

The RCEP — the world’s largest free trade pact, which is aimed at gradually eliminating tariffs on over 90 percent of goods traded among its 15 members — serves as a critical counterweight to the United States’ blanket tariff hikes targeting global economies.

Last year, the total trade volume among RCEP members reached $5.7 trillion, up 2.5 percent year-on-year, according to a report released at the forum.

China, as a key player of the RCEP, has been making cutting-edge AI capabilities available both domestically and globally, with DeepSeek, a cost-effective and open-source large language model developed at a mere fraction of the cost of comparable US models, being a prime example.

“Looking ahead, an RCEP with higher standards, a broader scope and more inclusive development will surely inject certainty into the global economy,” said Chi Fulin, president of the China Institute for Reform and Development.

At present, the RCEP comprises the 10 member states of the Association of Southeast Asian Nations, as well as China, Japan, South Korea, Australia and New Zealand. China’s Hong Kong Special Administrative Region, Sri Lanka and Chile have submitted applications seeking accession to the RCEP.

Chi said that Hong Kong’s accession would not only boost growth of regional trade, but also drive regional financial development and enhance the internationalization of regional industries. If Chile joins the group, it would mark an upgrade of the RCEP from a purely regional arrangement to a cross-regional one, he added.

Secretary-General of ASEAN Kao Kim Hourn said, “The growing interest from potential applicant countries and regions represents a powerful testament to our commitment to maintaining an open and inclusive agreement.”

He added that relevant parties are working diligently to finalize the details of the accession process as expeditiously as possible.

Meanwhile, the full completion of negotiations on the Version 3.0 China-ASEAN Free Trade Area and the accelerating negotiations for the China-Japan-South Korea Free Trade Agreement are also converging to open up more opportunities for regional growth.

Lyu Bin, president of the China Oceanic Development Foundation, called for efforts to construct a platform for cooperation on the blue, or marine economy, helping RCEP member nations to identify their comparative resource advantages and optimize the layout of their marine industries.

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SOURCE China Daily

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Keeper Security Introduces Universal Secrets Sync to Eliminate Credential Drift Across Cloud Environments

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New KeeperPAM capability automatically distributes rotated secrets to AWS, Azure and Google Cloud in a single rotation event with no manual steps or drift

CHICAGO, June 15, 2026 /PRNewswire/ — Keeper Security, the leading zero-trust and zero-knowledge identity security and Privileged Access Management (PAM) platform, is announcing the availability of Keeper Universal Secrets Sync, which launched on June 4th. The new capability within KeeperPAM® automatically distributes credentials and secrets to external secrets managers and cloud platforms the moment they rotate, closing the gap between stored secrets and what’s actually running in production.

For organizations managing secrets across multi-cloud environments, the risk is not only exposure – it’s drift. When credentials stored in a PAM platform fall out of sync with what is running in production pipelines, the consequences range from access failures and delayed incident response to shadow secrets that carry active privileges no security team can see, govern or revoke. Global research has found that 86% of IT and security leaders agree their organization would benefit from a PAM solution, yet even among organizations with PAM in place, 46% still struggle to manage privileged access consistently across cloud and hybrid environments. Universal Secrets Sync closes that gap.

Automatic Distribution Across Every Cloud Target

Keeper Universal Secrets Sync monitors one or more Keeper Secrets Manager shared folders and automatically distributes the contents to configured cloud targets, including AWS Secrets Manager, Azure Key Vault and Google Cloud Secret Manager. When a secret rotates in KeeperPAM, every cloud environment receives the updated credential automatically, with no manual exports, no custom integration scripts and no reconfiguration after rotation required.

Additional capabilities include:

Automatic sync – Any change to a secret in a linked shared folder triggers an automatic push to all connected cloud targets. No manual action is required; the Gateway processes and distributes the update in the background.Dry Run mode – Security teams preview exactly what will change before any secret is distributed, making Universal Secrets Sync compatible with change control requirements and environments that require additional oversight.Multi-folder sync – Secrets from multiple Keeper shared folders can be synchronized in a single configuration.Sync Identity – Administrators can specify a dedicated IAM role, managed identity or service account, with least-privilege access to the secrets store, for the Keeper Gateway to assume during sync operations.Error recovery – Missing secrets and permission errors are surfaced automatically, reducing the risk of sync failures going undetected.

“Secrets drift is one of the most underappreciated risks in enterprise security programs,” said Craig Lurey, CTO and Co-founder of Keeper Security. “Organizations unknowingly leave stale credentials active in downstream cloud environments when distribution is manual. Universal Secrets Sync makes distribution automatic and auditable. Every secret rotation updates to all connected targets simultaneously, with Dry Run mode giving teams full visibility into what will change before anything is written.”

Flexible Retrieval for Every Workload

Universal Secrets Sync gives developers the right access path for each use case. Cloud-native applications that demand high throughput and low latency continue reading directly from AWS Secrets Manager, Azure Key Vault or Google Cloud Secret Manager using familiar native SDKs and IAM controls – ideal for services performing hundreds of thousands or millions of retrievals per day. For CI/CD pipelines, scripts, internal tools and services running outside the cloud, developers retrieve secrets directly from Keeper Secrets Manager via the KSM SDK or CLI, with full zero-knowledge protection end-to-end. The result is a single source of truth with two complementary access patterns – fast, native retrieval where scale matters, and direct KSM access where reach and zero-knowledge control matter most.

Keeper Universal Secrets Sync is available now as part of KeeperPAM and is included in existing KeeperPAM licenses. Existing customers should contact their Keeper customer success manager to enable this feature. New customers can request a demo at keepersecurity.com.

About Keeper Security
Keeper Security is the leading zero-trust and zero-knowledge identity security solution, trusted by millions of people and thousands of organizations globally. KeeperPAM® is Keeper’s privileged access management platform that unifies password and passkey management, secrets management, privileged session management and endpoint privilege management in a single cloud-native platform, protected with quantum-resistant encryption. KeeperAI delivers real-time, AI-native threat detection across every privileged session. As AI agents proliferate and identity becomes the defining attack surface, Keeper governs access for humans, machines, non-human identities and AI agents, serving as the unified control plane for access, compliance and visibility across the enterprise. For more information, visit KeeperSecurity.com.

Learn more: KeeperSecurity.com
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Media Contact
Katherine Benfield
ICR for Keeper Security
KeeperSecurity@icrinc.com

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SOURCE Keeper Security

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Tripadvisor Enters into Agreement to Sell TheFork to American Express for $700 Million

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Transaction highlights the value of Tripadvisor’s portfolio and enables greater focus on experiences

NEEDHAM, Mass., June 15, 2026 /PRNewswire/ — Tripadvisor, Inc. (NASDAQ: TRIP) (the “Company”) today announced it has entered into a put option agreement to sell TheFork, its online restaurant reservation and management platform in Europe, to American Express for $700 million in an all-cash transaction.

The agreement follows Tripadvisor’s February 2026 announcement that it would explore strategic alternatives for TheFork. It recognizes the value created in the business over more than a decade, and allows Tripadvisor to focus even more fully on its Experiences strategy.

“This agreement reflects two things we believe deeply: the tangible value across Tripadvisor Group’s portfolio and our ongoing focus on the opportunity we see ahead in Experiences,” said  Matt Goldberg, CEO, Tripadvisor Group. “We’re proud of what we’ve built with TheFork and grateful for the team’s work to secure a leading position in European dining. I’m confident that we’ve found an ideal home for them and look forward to expanding our relationship with American Express in the future.”

The transaction is expected to provide Tripadvisor with significant flexibility to accelerate its capital return policy, maintain a well-capitalized balance sheet, and continue investing in its Experiences business to drive shareholder value. The companies also see opportunities to build on their existing relationship and deliver additional value to travelers over time.

“In addition to welcoming TheFork to the American Express family, we’re excited about the opportunity to deepen our relationship with Tripadvisor going forward,” said Stephen Squeri, Chairman and CEO, American Express. “By building on our shared strengths across dining, travel, and experiences, we have opportunities to create even greater value for customers and partners.”

The proposed transaction is expected to close before the end of 2026, subject to labor consultation and customary closing conditions, including regulatory approvals. The Company anticipates minimal tax cost from the sale of TheFork, with net proceeds expected to closely approximate the gross proceeds.  Potential uses of proceeds include share repurchases, debt paydown, or inorganic investment within the experiences category.

As of the first quarter of 2026, the Company’s last reported period, the last twelve-month revenue for TheFork was $232 million and adjusted EBITDA for TheFork segment for the same period was $28 million.

Advisors

Goldman Sachs served as financial advisor and Goodwin Procter LLP and Reed Smith LLP served as legal advisors to Tripadvisor and TheFork.

Note on Segment Adjusted EBITDA

We refer to segment adjusted EBITDA as a measure of segment profitability because it is the measure of profit or loss for our reportable segments provided to our Chief Operating Decision Maker (CODM) in accordance with U.S. GAAP for segment reporting. Segment adjusted EBITDA is a key performance measure used by our CODM and Board of Directors to evaluate our individual operating segments. We define adjusted EBITDA as net income (loss) plus: (1) (provision) benefit for income taxes; (2) other income (expense), net; (3) depreciation and amortization; (4) stock-based compensation; (5) goodwill, long-lived asset, and intangible asset impairments; (6) legal reserves, settlements and other (including indirect tax reserves related to audit settlements and the impact of one-time changes resulting from enacted indirect tax legislation); (7) restructuring and other related reorganization costs; (8) transaction related expenses (including non-operational costs related to significant shareholder activism, which includes third-party advisory, legal, and other professional fees); and (9) non-recurring expenses and income unusual in nature or infrequently occurring.

About Tripadvisor, Inc.

The Tripadvisor Group connects people to experiences worth sharing, and aims to be the world’s most trusted source for travel and experiences. We leverage our brands, technology, and capabilities to connect our global audience with partners through rich content, travel guidance, and two-sided marketplaces for experiences, restaurants, and other travel categories such as hotels. The subsidiaries of Tripadvisor, Inc. (Nasdaq: TRIP), include a portfolio of travel brands and businesses, including Tripadvisor, Viator, and TheFork.

Cautionary Note Regarding Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regarding the proposed sale of Tripadvisor’s TheFork business to American Express, the anticipated benefits, related agreements and timing of the transaction and potential uses of proceeds. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.

Key factors that could cause such differences include: whether or when the required employee works council consultation processes are completed; the ability of the parties to successfully execute a definitive purchase agreement following exercise of the put option; the satisfaction of closing conditions, including obtaining regulatory and antitrust approvals; difficulties or unexpected costs relating to segregating the integrated technology data and platform of TheFork from our retained operations and anticipated benefits for Tripadvisor as a result of the proposed transaction do not fully materialize; risks related to disruption of management time; the operational risk of running our core business without the integrated data platform of TheFork; and the potential for material adjustments to net working capital or unforeseen tax consequences related to the divestiture. Tripadvisor expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement to reflect any change in Tripadvisor’s expectations with regard thereto or any change in events, conditions or circumstances on which such statement is based. Please refer to the publicly filed documents of Tripadvisor, including its most recent Forms 10-K and 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports Tripadvisor subsequently filed with the SEC, for additional information about Tripadvisor and about the risks and uncertainties related to Tripadvisor’s business which may affect the statements in this release.

TRIP-G

 

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HONEYWELL BOARD OF DIRECTORS APPROVES SPIN-OFF OF HONEYWELL AEROSPACE

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Spin-off distribution is expected to occur on June 29, 2026Honeywell Aerospace will be a leading global tier-1 aerospace and defense supplier of mission critical systems and technologiesHoneywell Technologies will be a global leader of the industrial world’s transition from automation to autonomy

CHARLOTTE, N.C., June 15, 2026 /PRNewswire/ — Honeywell (NASDAQ: HON) today announced that its Board of Directors has formally approved the planned spin-off of Honeywell Aerospace. This approval represents a significant milestone in the separation process, which remains on track for completion on June 29, 2026. Following the completion of the spin-off, the remaining pure-play automation company will be known as Honeywell Technologies.

At 12:01 a.m. New York City time on June 29, 2026 (the “Distribution Date”), Honeywell will distribute all of the issued and outstanding shares of Honeywell Aerospace common stock pro rata to Honeywell shareowners of record on June 15, 2026 (the “Record Date”), on the basis of one share of Honeywell Aerospace common stock for every two shares of Honeywell common stock held as of the close of business on the Record Date. The distribution is subject to the satisfaction or waiver of certain conditions, as set forth in the form of Separation and Distribution Agreement filed with the U.S. Securities and Exchange Commission (“SEC”) as part of Honeywell Aerospace’s registration statement on Form 10, which was declared effective by the SEC on June 11, 2026.

“Today’s announcement clears the path to establishing two independent industry leaders in Honeywell Aerospace and Honeywell Technologies and also reflects our significant portfolio transformation over the past three years,” said Vimal Kapur, Chairman and CEO of Honeywell. “With clear strategies and growth drivers that build on Honeywell’s century-long legacy, we are confident that both companies will be well-positioned to maximize long-term value for customers, employees and shareowners.”

Honeywell Aerospace common stock is expected to begin trading on the Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “HONAV” on a “when-issued” basis on or about June 15, 2026.  Honeywell Aerospace common stock is expected to begin “regular-way” trading on Nasdaq under the ticker symbol “HONA” on June 29, 2026. Following the separation, Honeywell Technologies will continue to trade on the Nasdaq under the ticker “HON.”

Beginning on or about June 15, 2026 and continuing through June 26, 2026, it is expected that there will be two markets in Honeywell common stock on Nasdaq:  a “regular-way” market under Honeywell’s current ticker symbol “HON”, in which Honeywell shares will trade with the right to receive shares of Honeywell Aerospace common stock on the Distribution Date, and an “ex distribution” market under the ticker symbol “HONIV”, in which Honeywell shares will trade without the right to receive shares of Honeywell Aerospace common stock on the Distribution Date.

As previously announced, a 1-for-2 reverse stock split of Honeywell Technologies common stock will immediately follow the spin-off along with a proportionate reduction in the Company’s number of authorized shares of common stock, subject to and contingent on the completion of the Honeywell Aerospace spin-off.

About Honeywell

Honeywell is an integrated operating company serving a broad range of industries and geographies around the world, with a portfolio that is underpinned by our Honeywell Accelerator operating system and Honeywell Forge platform. As a trusted partner, we help organizations solve the world’s toughest, most complex challenges, providing actionable solutions and innovations for aerospace, building automation, industrial automation, process automation, and process technology that help make the world smarter and safer as well as more sustainable.

Additional Information

Honeywell uses our Investor Relations website, www.honeywell.com/investor, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD.  Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media.

Forward-Looking Statements

Certain statements in this release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future.  They are based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control.  They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements.  We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law.  Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term.  In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved.  Some of the important factors that could cause Honeywell’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to:  (i) the ability of Honeywell to effect the spin-off transaction described above and to meet the conditions related thereto; (ii) the possibility that the spin-off transaction will not be completed within the anticipated time period or at all; (iii) the possibility that the spin-off transaction will not achieve its intended benefits; (iv) the impact of the spin-off transaction on Honeywell’s businesses and the risk that the spin-off transaction may be more difficult, time-consuming or costly than expected, including the impact on Honeywell’s resources, systems, procedures and controls, diversion of management’s attention and the impact and possible disruption of existing relationships with regulators, customers, suppliers, employees and other business counterparties; (v) the possibility of disruption, including disputes, litigation or unanticipated costs, in connection with the spin-off transaction; (vi) the uncertainty of the expected financial performance of Honeywell or Honeywell Aerospace following completion of the spin-off transaction; (vii) negative effects of the announcement or pendency of the spin-off transaction on the market price of Honeywell’s securities and/or on the financial performance of Honeywell; (viii) the ability to achieve anticipated capital structures in connection with the spin-off transaction, including the future availability of credit and factors that may affect such availability; (ix) the ability to achieve anticipated tax treatments in connection with the spin-off transaction and future, if any, divestitures, mergers, acquisitions and other portfolio changes and the impact of changes in relevant tax and other laws; (x) the failure to realize expected benefits and effectively manage and achieve anticipated synergies and operational efficiencies in connection with the spin-off transaction and completed and future, if any, divestitures, mergers, acquisitions, and other portfolio management, productivity and infrastructure actions; and (xi) the possibility that the reverse stock split and authorized share reduction will not be completed within the anticipated time period or at all, including due to a failure of the spin-off transaction to occur.  These forward-looking statements should be considered in light of the information included in this release, our Form 10-K and other filings with the SEC.  Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

Honeywell Contacts:

Media

Investor Relations

Stacey Jones

Mark Macaluso

(980) 378-6258

(704) 627-6118

Stacey.Jones@honeywell.com

Mark.Macaluso@honeywell.com

Honeywell Aerospace Contacts:

Media

Investor Relations

Brian Grace

Sean Meakim

(602) 897-0205

(704) 627-6200

Brian.Grace@HoneywellAerospace.us

Sean.Meakim@HoneywellAerospace.us

 

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SOURCE Honeywell

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