Russian companies are issuing bonds in the Chinese yuan amid sanctions. Putin’s government may follow suit.

Russian President Vladimir Putin is expected to meet Chinese President Xi Jinping at a summit in Uzbekistan this week. Mikhail Svetlov/Getty Images Russian commodity giants Rosneft, Polyus, and Rusal have recently issued bonds in Chinese yuan. Trade between the two countries has grown, with Russia imports to China up 59% on-year in August. Russia's finance […]

GM is issuing layoff notices for 5 US and Canadian factories — but over 1,000 workers are interested in relocating (GM)

Bill Pugliano/Getty Images GM has begun to notify hourly workers of layoffs at five plants in the US and Canada. The carmaker has 2,700 positions available at other facilities. GM is also providing severance and services to salaried employees facing layoffs or voluntary buyouts. Last month, General Motors announced that it intended to idle five […]

Microsoft is issuing software updates to fix the damage caused by Intel’s Spectre and Meltdown patches (MSFT, INTC)

Getty Images/Drew Angerer Microsoft is releasing a series of software updates to all Windows 10 machines that previously received patches from Intel that were supposed to fix the security flaws brought by Spectre and Meltdown, The Verge first reported. If it doesn’t sound clear, it’s because it is indeed a mess. Here’s what happened: When […]

Hotels are issuing PANIC buttons to housekeepers due to sexual harassment problem

Hotels are attempting to tackle the sexual harassment problem against its staff by giving them panic buttons. The report from Bloomberg has revealed a number of stories regarding guests harassing housekeepers when they are cleaning rooms on duty. A survey by UNITED HERE in 2016 found that nearly half of housekeepers (49 per cent) had […]

China is planning a crackdown on ICOs, the red-hot digital coin issuing trend

REUTERS/Jason Lee BEIJING (Reuters) – Chinese regulators are preparing new regulations on digital coin offerings and may ban them until the rules are in place, the financial magazine Caixin reported on Monday, as interest in the new fundraising channel grows rapidly in a regulatory grey area. Digital currencies, also called cryptocurrencies, such as bitcoin and […]

More Airlines Are Issuing Waivers In Preparation for Hurricane Harvey

More Airlines Are Issuing Waivers for Hurricane Harvey Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include […]

America’s Treasury ponders issuing 40-, 50- or 100-year bonds

HOW can governments borrow most cheaply? The answer matters hugely for taxpayers. Take America: it has $ 14trn in outstanding national debt, fully three-quarters of GDP. Interest payments alone are expected to reach $ 280bn this fiscal year—ie, more than three times the combined budgets of the Departments of Education, Labour and Commerce. The problem […]

Watchdog rap for on-line chemists issuing prescriptions in “seconds”

The Care Quality Commission (CQC) has suspended one internet pharmacy after it administered drugs “less than 20 seconds” after receiving a patient questionnaire. Doctor Matt Ltd, known as “theonlinesurgery.co.uk” had its registration suspended until June after inspectors at the premises in Peckham, London, in January found “no monitoring of patients prescribed large quantities of inhalers”. […]