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Announcements of big buyback programs in the region have been rising since 2021, "with a long runway ahead" given the trend's nascence, the firm's analysts wrote in an Oct. 25 research note. Here are some names from Jefferies' screen of companies that are set to "initiate or continue significant buybacks." Other Asian stocks that made Jefferies' list included Singapore's transport operator ComfortDelGro and Indonesian mining player United Tractors. Australian stocks featured on Jefferies list included gaming content and tech firm Aristocrat Leisure and steel manufacturer BlueScope Steel . Financial companies Jefferies' screen also included financial companies in Asia Pacific that are potentially buying back their shares.
Persons: Jefferies, Baidu, PE Reilly, Thailand's, — CNBC's Michael Bloom Organizations: Jefferies, MSCI, Companies, PE, China United Network Communications, Yunnan Baiyao Group, Energy, Vipshop Holdings, Foxconn Technology, South Korea, Kia, Samsung, LG Corp, United Tractors, BlueScope Steel, Financial, Thai Bank, Chartered Locations: Asia, MSCI Asia, Japan, China, Pacific, Yunnan, South Korea, Australia, South, Asia Pacific, Thai, Philippines
Japan Airlines is the most family-friendly airline, according to a new ranking. Airlines from Asia dominated a new family-friendly airlines list compiled by travel website The Family Vacation Guide. The ranking was based on eight factors — including seat comfort, free seat selection and pre-boarding for families — for a total of 18 possible points. Yet lap fees are common: all airlines charged them but for Hawaiian Airlines and Lufthansa. Asia — big on familyPraowpan Tansitpong, an assistant professor at Nida Business School, attributed the dominance of Asian airlines on the family-friendly list to a difference in business priorities.
Persons: Tansitpong Organizations: Japan Airlines, Airlines, China's Hainan Airlines, Singapore Airlines, Qantas, China Southern Airlines, Lufthansa, Hawaiian Airlines, Nida Business School Locations: Japan, Asia, Western
But while gas shortages are unlikely in Europe this winter, the price of the fuel remains a worry. According to S&P Global, about one-fifth of global LNG supply travels through the channel on Iran’s south coast. In a less jittery market, neither incident may have had the effect it did, helping boost European gas prices by more than 40% over the course of a single week. High gas prices have presented a persistent economic headwind for Europe's biggest economy due to its reliance on energy-intensive industries. Together, these milestones should push European gas prices down to €30 ($32) per megawatt hour by the end of next year, Weatherburn added.
Persons: Asia —, Soeren, , Jack Sharples, Heikki Saukkomaa, Simone Tagliapietra, Bill Weatherburn, Stefan Sauer, Weatherburn, Organizations: London CNN, European Union, International Energy Agency, EU, Getty, , Oxford Institute of Energy Studies, CNN, Hamas, P, Chevron, Egyptian, Steam, , Capital Economics, Qatar, Energy Locations: Russia, Moscow, Ukraine, Europe, North America, Asia, Norway, Hungary, Austria, Azerbaijan, Algeria, Germany, Israel, Gaza, Hormuz, Jordan, Egypt, Cairo, Estonia, Australia, AFP, , ” Europe, France, Italy, Lubmin, Pomerania, United States, Qatar
Cross-border payments have always faced challenges — and over the past few years, demand has increased significantly. Overseas workers and small businesses face barriers around international payments and remittances. Small businesses rely on cross-border payments for survivalWith consumers facing challenges around remittances, how are business owners faring when it comes to international payments? Marquard echoes findings from the report that traditional banking institutions have been slow off the mark when it comes to international payments. Read more about how overseas workers and SMEs are navigating the ever-changing payments landscape in Mastercard's borderless payments report.
Persons: , Hal Ramakers, Alan Marquard, Marquard, Ramakers, It's, we've Organizations: Overseas, Mastercard, Asia —, Brightwell, Insider Studios Locations: Americas, Europe, East, Africa, Asia, India, UAE
CNN —A new analysis of ancient genomes is deepening scientists’ understanding of the Neanderthal DNA carried by human populations in Europe and Asia — genetic traces that may have medical relevance today. The researchers found that, over time, the distribution of Neanderthal DNA didn’t always look as it does now. This resulted in a lower proportion of Neanderthal DNA observed in European genomes during this period. “The thing was that they had less Neanderthal ancestry so they diluted the (Neanderthal ancestry) in European populations,” Currat said. For example, Neanderthal DNA may play a small role in swaying the course of Covid-19 infection, according to a September 2020 study.
Persons: we’ve, , Mathias Currat, Currat, Dr, David Reich, ” Currat, Tony Capra, wasn’t Organizations: CNN, University of Geneva, Harvard Medical School, Bakar Computational Health Sciences Institute, University of California Locations: Europe, Asia, Altai, Central Asia, Eurasia, East Asia, Boston, Anatolia, what’s, Turkey, Western, Northern Europe, Bakar, San Francisco
Many cities have come full circle to worrying about too many tourists rather than too few. "They just come, take a nice selfie, publish them on social media, increase the popularity of this place … and leave," she said. And an additional 50 million international tourist arrivals are expected per year — mostly from Asia — between now and 2030, according to the U.N.'s World Tourism Organization. James Matsumoto| Sopa Images | Lightrocket | Getty ImagesSome travelers supported Bhutan's $200 per day Sustainable Development Fee, which was announced in 2022. Managing 'tourist flow'The United Nations World Tourism Organization secretary-general, Zurab Pololikashvili, told CNBC Travel that the key to overcoming overtourism lies in "tourist flow."
Persons: Lionel Saul, Tatyana Tsukanova, What's, Tsukanova, Reinhard Hormandinger, Saul, Jesus Merida, It's, Luca Zanon, Ivan Saprov, Saprov, Miyajima, James Matsumoto, Zurab Pololikashvili, overtourism, Jon Hicks, , Darrell Wade, Reinhard Hoermandinger Organizations: Hospitality Business, United Nations, Asia —, Tourism Organization, South, Afp, Getty, Guardian, daytrippers, CNBC, United Nations World Tourism Organization, CNBC Travel, Stone, Japan Times, Intrepid Travel Locations: Lausanne, Switzerland, Asia, South Korean, Machu Picchu, Peru, Acropolis, Athens, Borobudur, Indonesia, Sardinia, Venice, Bora Bora, Amsterdam, Spanish, Malaga, Spain, France, trialing, daytrippers . New, Valencia, Manchester, England, Thailand, Iceland, U.S, Bali, Germany, Yogyakarta, Labuan Bajo, Lake Toba, Austria
After a three-year hiatus, international cruise lines can resume sailings from China. AdvertisementAdvertisementRoyal Caribbean's Wonder of the Seas, once the world's largest cruise ship, was originally scheduled for year-round sailing from China. Then COVID-19 shut down the cruise industry and China blocked sailings from international cruise lines. Now, after a three-year hiatus, international cruise lines can resume sailings from China. Enter the Adora Magic City, the first Chinese-built and operated cruise ship.
Persons: , Kun Cao, Reddal, James D, Morgan China, Cao, Joel Katz, Asia —, Michael Bayley, Bayley, Yang Guobing, Andy Stuart, Skift, it's Organizations: Service, Seas, Royal Caribbean, Magic City, Cruise, Royal Caribbean International, China China's, China State Shipbuilding Corporation, Carnival Corporation, Publishing, Getty Images, Viking Cruises, China Merchants Group, Royal, MSC, CSSC Carnival Cruise Shipping, Xinhua, Getty, Cruise Line, Global Times Locations: China, Shanghai, Fort Lauderdale , Florida, Southern, Magic, Caribbean, Asia, Australasia, CLIA, United States, Miami, Switzerland, Royal Caribbean, , Norwegian, Alaska
Supply chains are diversifying away from China, causing a shift in global-trade patterns. Data shows that while manufacturing activity for end products has been moving out of China, supply chains haven't decoupled from the country. "Companies are moving manufacturing processes to other countries, including parts of Asia and North America, to diversify their supply chains. Companies are moving their supply chains out of China. As Insider reported in April, even Chinese companies are moving their supply chains out of China to avoid risks.
Persons: Donald Trump, Biden, Misha Govshteyn, Nomura, Sonal Varma, reexported, , Frederic Neumann, Yukon Huang, Genevieve Slosberg, Lu Yucong, Carnegie's Huang, MaroFab's Govshteyn Organizations: Service, Apple, Mazda, Asia Supply, Nomura Holdings, East, HSBC, Association of Southeast, Nations, Carnegie Asia Program, Financial Times Locations: China, Southeast Asia, Wall, Silicon, Asia, Washington, Beijing, Vietnam, Bangladesh, North America, Houston, South Korea, Hong Kong, China's, India, Japan, Europe, Yukon, America, United States, Guangdong
Employees in Asia are under "significant mental health strain," with 82% having a moderate to high risk of developing mental health issues, according to a new report from insurance broker Aon and TELUS Health. Employees in Asia are under "significant mental health strain," with 82% having a moderate to high risk of developing mental health issues. That's according to a new report from insurance broker Aon and TELUS Health, which found that 35% of workers in Asia have a high mental health risk profile, and 47% have a moderate risk. "More than half of respondents said they would be concerned about career options being limited if they had a mental health issue that their employer was aware of." 1 in 3 have no emergency savingsOther than stress, anxiety and burnout being important factors that impact employees' productivity — financial insecurity also goes "hand-in-hand with high mental health risk," said the report.
Persons: Asia —, Jamie MacLennan, MacLennan, Tim Dwyer Aon, Tim Dwyer Organizations: TELUS Health, Employees, CNBC, Hong, Singapore, TELUS Health Asia Mental Health, U.S, Aon Locations: Asia, Pacific, Korea, Malaysia, Japan, Hong Kong, China, India, Vietnam, Taiwan, Philippines, Thailand, Indonesia, Asia Asia, Europe, Singapore, Aon Asia
He earns 1.5 million Hong Kong dollars a year, or $191,000, including the base salary and three months' bonus — well above the average annual salary in Hong Kong. A protester on June 12, 2019 in Hong Kong when crowds gathered in central Hong Kong as the city braced for another mass rally. Anthony Kwan/Getty ImagesThe Hong Kong protests took place between 2019 and 2020, with many students and adults taking to the streets to fight back against the government's decision to introduce an extradition bill between Hong Kong and China. University of Hong Kong was ranked 31st and Chinese University of Hong Kong was 45, on the World University Rankings in 2023. Hong Kong millennials struggle to prioritize well-being, according to a survey run by British health insurance company Bupa.
Persons: Hong Kong's, Ken Ho, Hong Kongers, Ho, Kongers, , hasn't, Summer Ng, Tau Kok, Ng, Hong, Kong's, Getty, Hong Kong millennials, it's, Aniqah Bhatnagar, Bhatnagar, Wilson Ho, Wilson Ho Wilson, Kai Tak, Anthony Kwan, Xu Huang, Huang, millennials, Gen Zs, Morgan McKinley, Zurine Lau, I'm, Yuen Long, Lau, Nick Shin Nick Shin, Tai Koo, They're Organizations: Service, University College London, Imperial College London, Fidelity Investments, Hong, HK, BBC, Property Management, Hong Kong, Hong Kong Baptist University, Deloitte Global, Statistics Department, University of Hong Kong, University of Hong, World, Family Planning Association, millennials, Hong Kong Free Press, CNN Locations: Hong Kong, Wall, Silicon, Kennedy Town, Kowloon Bay, Kwun Tong, Hong Kong's, United Kingdom, People's Republic of China, British, Asia, Hong, millennials, India, Kowloon, Kai, China, Singapore, Sydney, South America, ymgerman, South Korea, Hong Kong . Hong Kong, University of Hong Kong, New Territories, Tai
Frank Bienewald | Lightrocket | Getty ImagesSINGAPORE — India's stellar economic trajectory alongside strong forecasts for some Southeast Asian countries will be important drivers for global growth, said S&P Global Insights. Asia-Pacific is a "key driver" for global economic growth not just in the near term, but over the longer run as well, S&P Global's Asia-Pacific chief economist Rajiv Biswas said at the annual energy APPEC conference. India's very robust actually… the momentum in the economy looks really quite strong at the moment. Rajiv Biswas Global Asia-Pacific Chief Economist at S&P GlobalAs a region, Asia-Pacific's growth is expected to strengthen from 3.3% last year to 4.2% this year, according to S&P's projections. "Over the next decade, we expect that about 55% of the total increase in [the] world's GDP will come from the Asia-Pacific region," he said.
Persons: Frank Bienewald, Rajiv Biswas, Biswas Organizations: Lightrocket, Getty, SINGAPORE, Southeast Asia —, Rajiv Biswas Global, Pacific Locations: India, Asia, Pacific, Indonesia, Philippines, Vietnam, Southeast Asia, Rajiv Biswas Global Asia, China
JAKARTA, Indonesia (AP) — It took more than a day of flying, including two refueling stops, for Vice President Kamala Harris to reach this year’s summit of Southeast Asian countries. Political Cartoons on World Leaders View All 226 ImagesPolitical Cartoons View All 1146 ImagesThis was her third trip to Southeast Asia since taking office — Harris heads back to Washington on Thursday — and she's visited more countries here than any other region. Harris' approval ratings remain underwater, and her announcements in Southeast Asia tend to be counted in the millions of dollars rather than the billions. “Everybody works their own way.”Harris' travel to Southeast Asia began in her first year in office, when she visited Singapore and Vietnam, but the trip almost didn't happen. But she’s put in the work," said Gregory B. Poling, who directs the Southeast Asia program at the Center for Strategic and International Studies.
Persons: Kamala Harris, Harris, , ” Harris, — Harris, she's, , Jake Sullivan, Joe Biden’s, she’s, Sullivan, Dinna Prapto, Phil Gordon, ” Gordon, Gregory B, Poling, David Rothkopf, Bill Clinton, there’s “, Biden didn't, Ferdinand Marcos Jr, it’s, Edna Tarigan Organizations: United, Associated Press, Lowy Institute, Association of Southeast Asian Nations, ASEAN, U.S, , Center for Strategic, International Studies, Economic Cooperation, AP Locations: JAKARTA, Indonesia, United States, Washington, Southeast Asia, China, Central America, Asia, Australia, Beijing, Jakarta, Singapore, Vietnam, Afghanistan, South China, Thailand, Philippines, U.S, Philippine, Palawan
A blockbuster meetup of Manet and Degas, an unprecedented retrospective for Ed Ruscha and a once-in-a-lifetime chance to see an 800-year-old ink painting that has never before left Asia — the new season of museum shows is full of heart-stoppers. A new gallery devoted to plaster is set to open at the Museum of Modern Art, too, and drawing shows are everywhere, from Hanne Darboven in Texas to Stéphane Mandelbaum in New York. SeptemberONLY THE YOUNG: EXPERIMENTAL ART IN KOREA, 1960s-1970s Coming of age in a rapidly changing country, postwar Korean artists innovated without fear. Organized with the National Museum of Modern and Contemporary Art in Seoul, this show is slated to travel on to the Hammer in Los Angeles. (Sept. 1-Jan. 7, 2024; Solomon R. Guggenheim Museum)JA’TOVIA GARY: THE GIVERNY SUITE A Black feminist angle on art history — and on Monet’s famous gardens at Giverny, France — in a newly acquired video installation.
Persons: Manet, Degas, Ed Ruscha, Hanne Darboven, Stéphane Mandelbaum, Ruth Asawa, Michelangelo, Asawa, Solomon R, GARY Organizations: Museum of Modern, Whitney Museum of American, Francisco’s Legion, Honor, National Museum of Modern, Art, Guggenheim Museum, Modern, of Fine Arts Locations: Asia, Texas, New York, KOREA, Seoul, Los Angeles, Giverny, France, Houston
Natural gas prices are spiking again. Here’s why
  + stars: | 2023-08-10 | by ( Olesya Dmitracova | ) edition.cnn.com   time to read: +3 min
London CNN —Natural gas prices have spiked again this week, just as Europe prepares for the heating season. The price of Dutch natural gas, the European benchmark, has jumped 24% to €40 ($44) per megawatt hour since Tuesday on news of potential industrial action at liquefied natural gas (LNG) plants in Australia. US natural gas prices have climbed 18% so far this month. “As much of the spare LNG supply comes from the US, natural gas prices there have also jumped higher,” he added. The sudden rise in gas prices follows a recent run-up in oil prices, driven by production cuts by major exporters such as Saudi Arabia and Russia.
Persons: Brad Gandy, Tom Marzec, , Russia —, Bill Weatherburn, Brent, Weatherburn, Massimo Di Odoardo, Wood Mackenzie, , Woodside, — Hilary Whiteman Organizations: London CNN, Offshore Alliance, Chevron, North West, Woodside Energy Group, Facebook, CNN, , Capital Economics, European Union, Asia —, Reuters Locations: Australia, Europe, Russia, Ukraine, Norway, LNG, United States, Qatar, Moscow, Saudi Arabia, Marzec, , Asia, Asia — Japan, , Brisbane
Widespread artificial intelligence adoption could fuel productivity, benefit economies and even boost major currencies, according to Goldman Sachs. But the clearest impact will be on stocks, said the investment bank in a July note. "The impact is clearest in equities, which should rise on a higher forward outlook for GDP and profits," Goldman wrote. AI adoption could directly boost the level of global gross domestic product by 7% — or roughly 5% in emerging markets and 10% in developed markets, Goldman said. In a separate Aug. 3 report, Goldman identified AI as one of five themes in Asia-Pacific it's positive on.
Persons: Goldman Sachs, Goldman, CNBC's Michael Bloom Organizations: U.S Locations: China, Asia, Pacific, Greater China, South Korea
Jet Lag: Get Back in the Rhythm
  + stars: | 2023-08-04 | by ( Julie Weed | ) www.nytimes.com   time to read: +2 min
So, for longer trips, seek out or avoid bright light at specific times, said Dr. Olson. On long trips to Asia — when day and night are reversed — it is often easier to shift your cycle backward, said Mickey Beyer-Clausen, chief executive of Timeshifter, which makes a jet lag app of the same name. For example, when flying nonstop from New York to Tokyo, which is 13 hours ahead, think of it as being 11 hours behind (jet lag does not consider the international date line). Online tools like Jet Lag Rooster and Timeshifter help create a customized schedule based on variables like time zone differences, departure and arrival times, and other factors. This small dose is best for reducing jet lag, Dr. Olson said, because studies show a larger dose doesn’t necessarily work better and is more likely to produce side effects.
Persons: Olson, Mickey Beyer, Clausen, Kapur Organizations: Food and Drug Administration Locations: New York, London, Asia, Tokyo, Japan, York
If Russia's arms exports falter because of the war in Ukraine, China's appeal may only grow. Despite the drawbacks, Chinese arms exports may get a boost from the war in Ukraine. Mazhar ABID/Gamma-Rapho via Getty ImagesQuality concerns could be one reason for a pre-Ukraine decline in Chinese arms sales. On the other hand, SIPRI also found that German and British arms sales declined 35% and Israeli sales fell 15% during the same period. "As Russia's weapons availability may change as the war continues, China is prepared for when that time arrives."
Persons: Cindy Zheng, AAMIR QURESHI, Zheng, , Mazhar ABID, SIPRI, NOEL CELIS Organizations: Service, RAND Corporation, Kamra, Getty, Nigerian Air Force, Pakistan —, Stockholm International Peace Research Institute, Germany's Puma, Getty Images Arms Locations: China, Beijing, Ukraine, Wall, Silicon, Islamabad, Africa, South Asia, Nigeria, Soviet, Myanmar, Bangladesh, Pakistan, Aslat, Karachi, Stockholm, Russia, AFP, Venezuela, Iran
When Taylor Swift's Eras tour rolls into Singapore next year, Rjay Ignacio said he'll be there — whether he has a ticket or not. "If I'm not able to get a ticket, I'm still going to Singapore," he said. He said he would only travel "for Taylor … I'm a big fan." Swifties, or Taylor Swift fans, spend an average of $1,330 on tickets, food and travel, according to the research company QuestionPro. To avoid facing an "astronomical price surge," Jakarta resident Wid said one of his friends booked a hotel in Singapore before Swift's tour tickets even went on sale.
Persons: Taylor, Rjay Ignacio, he'll, Taylor Swift, I'm, Ignacio, Taylor …, Farhan Abrol, Kanyarat Teawprasong, Swift, Armando L, Sanchez, Lionel Richie, Harvey Cohen, Wid, Nan Palmero, I'd Organizations: Deloitte, Wimbledon, CNBC Travel, Austin City Limits Music, Chicago Tribune, Tribune, Service, Swift's, Qatar Airways, FIFA, Accor Locations: Singapore, Asia, Pasig City, Philippines, YOLO, Francisco, Bangkok, Korea, Japan, Taiwan, Hong Kong, Thailand, Southeast Asia, Las Vegas, Chicago's Grant, Bahamas, United States, Navan, Cincinnati, Pittsburgh, Jakarta, Doha
A US military MH-47 Chinook crashed in Syria earlier this week, injuring 22 soldiers. It's the latest helicopter in a string of crashes during non-combat missions to result in casualties. Three other crashes involving US military aircraft this year have killed 14 troops. The Chinook accident followed several previous helicopter crashes earlier this year, which eventually forced the US Army to temporarily ground its aircraft except those participating in critical missions. UH-60 Black Hawk helicopter Idaho National GuardIn one mid-February incident, two Tennessee Army National Guard pilots were killed when their UH-60 Black Hawk helicopter crashed during a training flight in Alabama.
Persons: , Sabrina Singh, Singh, James McConville, McConville Organizations: Service, Central Command, Pentagon, Defense, US Army, UH, Hawk, Guard, Tennessee Army National Guard, Tennessee's Department, Apache, CNN Locations: Syria, CENTCOM's, East, Central, South Asia, Alabama, Kentucky, Alaska
VC powerhouse Sequoia Capital announced Tuesday that it is splitting into three entities. One of those entities, Sequoia China, known locally as HongShan, will operate as a distinct firm. The mighty Sequoia Capital is dropping branches. The decision puts to bed any question of a power struggle at one of Silicon Valley's most respected firms. And unlike some other global firms that had veto power over investments overseas, according to Bloomberg, Sequoia China had full autonomy to strike its own deals.
Persons: Roelof Botha, Neil Shen, Forbes, Alex Konrad, Doug Leone, Instagram, Bytedance, Botha, Shen, Julian Bek, Elon Musk's Organizations: Sequoia Capital, Sequoia, XV Partners, YouTube, Bloomberg, Shen, Sequoia China, Ventures, Lightspeed Venture Partners, Accel, Elon, Twitter, Fidelity Locations: Sequoia China, China, Europe, HongShan, India, Southeast Asia, Sequoia, Sequoia Capital China, Asia, Silicon Valley, London, FTX
The Chinese yuan is one of the top contenders challenging the USD's dominance as a reserve currency. However, Beijing may not be fully supportive of making the yuan the reserve currency of choice. Here's why even China isn't that keen on de-dollarizing the world economy and making the yuan the top reserve currency. So, the US will need to contend with ever larger amounts of deficit, in order to maintain its pre-eminent reserve currency position. Given the issues standing in Beijing's way, it's unlikely for the yuan to take over the greenback's position as the world's reserve currency of choice, said Green.
A gigantic heap of unused clothes in Chile is so big that a satellite can easily spot it. High resolution images of the clothing dump was posted on May 10 by satellite photo app SkyFi. Much of the landfill contains clothes that couldn't sell in stores in the US, Europe, and Asia. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. At least 39,000 tons of those clothes accumulate in landfills in the Atacama Desert, the outlet found in 2021.
Asian countries like India and China have been buying cheap Russian oil despite the sanctions. Now, they are also snapping up huge amounts of Russian coal and natural gas. That's on the back of a record heatwave in the region, which is driving the demand for air-conditioning. The country had imported a record 3.8 million tons of fuel from Russia in July, according to Kpler. Imports of Russian coal into China are high now partly due to the heatwave it's currently facing.
Ever since World War II ended, Japan has been passing the buck. Sheltered by the postwar U.S. security alliance, Japan provided bases for American forces but kept its own military spending remarkably low for a country of its size and wealth, resisting American urging to share more of the burden. But Japan is the linchpin of today’s paramount geopolitical competition — China’s push for regional dominance of East Asia — and it is America’s most essential ally. for decades), and a Japanese public still traumatized by defeat in World War II. It also reassured Asian nations that Japan would not again embark on overseas aggression.
You'll receive 500 Accor points for every 1,000 Citi ThankYou points you transfer (a 2:1 ratio). Examples of popular Accor brands are:Banyan TreeFairmontIbisRafflesSLSSofitelSwissotelAccor has now been added to the list of Citi ThankYou Rewards points transfer partners, bringing Citi's number of partners to a whopping 17. For every 1,000 Citi ThankYou points you transfer, you'll receive 500 Accor points. That's significantly lower than Insider's valuation of Citi ThankYou points at 1.6 cents apiece, on average. The best way to use Citi ThankYou points for maximum value is usually for award flights instead of free hotels.
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