UK financial sector urges caution over any ‘work from home’ law
How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
Global banks in Hong Kong push to get staff back to office
Global banks are moving faster in Hong Kong to get staff back to office versus in other major centres, given fewer daily COVID-19 cases in the Asian city, and are offering incentives such as onsite vaccinations and days off to encourage inoculation.
Europe’s Wizz Air expects to fully recover from pandemic next year
European budget carrier Wizz Air (WIZZ.L) expects to fully recover from the coronavirus crisis as travel demand rebounds from the pandemic, its chief executive said on Monday.
Dollar loses some steam after Fed boost; bitcoin tumbles
The dollar dipped on Monday against major currencies, but broadly held most of the previous week’s gains after the Fed’s surprise hawkish tilt.
Dubai Airshow to take place under capacity restrictions, organiser says
The Dubai Airshow, this year’s biggest aerospace trade show and a spectacle for business deals worth billions of dollars, will be held under capacity restrictions in November due to the coronavirus pandemic, its organiser said.
Wall St Week Ahead Fed shift causes rally in value stocks to wobble
The Federal Reserve’s hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year.
In Indonesian banking, rise in religious conservatism ripples across sector
A rise in religious conservatism in Indonesia is drawing talent away from what some view as un-Islamic jobs in banking, industry professionals say, creating hiring woes for conventional banks but a boon for the country’s fledgling sharia finance sector.
Bank of Canada to break sequence of lower terminal rates as governments splurge
With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result in interest rates climbing above the previous peak for the first time in decades.
Italy, hosting G20, will call for tougher ‘gig economy’ rules
Italy will call for tougher rules governing ‘gig economy’ workers when it hosts labour ministers of the world’s biggest economies in the Group of 20 next week.
