City of London Shrugs Off Omicron as More Return to Office
(Bloomberg) --
More people are back in the City of London than at any time since the government imposed a lockdown in March last year as Covid-19 ripped through the country.
Even as the new omicron variant spreads, almost 80% of workers in the financial district were back at their desks on Tuesday and Thursday of last week, according to data compiled by Google, which tracks the locations of its users.
Christmas parties may have been encouraging more people to come to the area, with bars and restaurants thronged with revelers midweek -- but firms are starting to cancel gatherings, or scale back their party plans, in the face of the new variant.
Read more: Boris Johnson at Odds With Senior Medic on Tackling Omicron
The government, which has so far declined to tell workers they should avoid large gatherings, is due to review its pandemic rules in the next week or so. It's still awaiting guidance on the dangers posed by the latest variant.
London's biggest financial district emptied out in March of last year as Covid-19 spread. The high percentage of white collar jobs meant most of the Square Mile's 540,000 workers were required to work from home.
©2021 Bloomberg L.P.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.