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HK ramps up security, warns against protests

Bloomberg Hong Kong ramped up security and warned activists against holding any demonstrations as the Asian financial centre prepares to mark a sensitive anniversary of the former British colony’s return to Chinese rule. The police urged the public in a statement on Wednesday not to participate in unauthorised assemblies after banning activists from holding a rally on July 1, traditionally ...

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Remote work may shift 835,000 jobs out of London, says report

Bloomberg Central London could lose as many as 835,000 jobs in the aftermath of the Covid-19 pandemic, with employees in service industries increasingly able to work remotely and flexibly, according to research by a consulting firm. An analysis of London’s labour market data by Advanced Workplace Associates, a consultancy based in the UK capital, showed that about 41% of people ...

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Euro-area confidence at highest in 21 years as economy reopens

Bloomberg Confidence in the euro-area economy improved to the highest level in more than two decades in June as a reopening of shops, restaurants and other services propelled the region’s recovery from the pandemic crisis. A European Commission sentiment index increased to 117.9, exceeding almost all estimates in a Bloomberg survey. The gain was driven by surging optimism in services, ...

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