London’s financial hub seeks a rebirth
LONDON — When the pandemic struck, about 540,000 workers vanished from London’s financial hub almost overnight. The area known as “the City” became a ghost town as many people began working from home. A year on, most haven’t returned to the business hub. While many people believe that post-pandemic workflow will become the new normal, skyscrapers are still rising, and city planners say they aren’t worried about empty office buildings. Rather, they say the uncertainties and changes are just a catalyst for the reinvention of one of the world’s top financial centers.
Major economies support boost in IMF resources
WASHINGTON — Finance officials of the world’s major economies on Wednesday agreed on a proposal to boost the resources of the International Monetary Fund by $650 billion as a way to provide more support to vulnerable countries struggling to deal with a global pandemic. The Group of 20 major industrial countries issued a joint statement saying the increase in IMF resources would provide countries with greater resources to fight the pandemic.