Various strategy reports suggest brokerages are getting positive on banking stocks even as they have turned cautious on metals. PM Narendra Modi on Wednesday said the post-COVID world is turning out to be very different and remaining isolated from global trends will be counter-productive for the country. He said India will have to emerge as a strong player in the new order, stressing on the need to become more self-reliant.
The Prime Minister made the remarks while replying to the motion of thanks on the President's address in Lok Sabha. Watch now. Have you read these stories? Delhi schools to remain shut for a week: Kejriwal Updated: Nov 13, , Chalo in talks to acquire Vogo in share-swap deal Ola CEO shares customer reviews of e-scooter Are your smog towers working?
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Wealth Wise Series How they can help in wealth creation. Honouring Exemplary Boards. Economically we are unwell. People working in the retail, travel, transportation and service sectors have been hit the hardest as consumption has curtailed. Economic growth is expected to rebound next year at 5. One hundred thousand small businesses in the US have permanently closed their doors in March; additionally, 4.
Legacy stores like JCPenney, J. Crew, and Niemann Marcus have filed for bankruptcy. AirBNB has recognized the travel model will be transformed as it has come to grips with its own losses. No longer will people travel at the same frequency and in the same way as before.
Beyond disrupting how an industry must redefine travel to accommodate traveller safety, the shift towards more road trips, and more local destinations may become more appealing. Vacation will be redefined. Business travelers now have remote conferencing options to effectively conduct business. As the lock down begins to lift, cities have begun to cordon off streets to accommodate the deluge of pedestrian traffic. As businesses start to reopen, we are seeing signs of new behaviors dictated by the redesign of our public spaces.
In Toronto, Brookfield Place has reconfigured food courts to one-seat tables, and has limited the occupancy to each elevator. Within business we have been witnessing digital transformation at an aggressive pace. Companies have been forced to react quickly to scale to meet the demands of a decentralized workforce.
Technical adoption curves that have traditionally taken months or years have accelerated up to days or weeks. As of late, OpenText, Facebook, Google, Shopify and Twitter are among a few big tech firms who are instituting longer-term or permanent remote work policies.
Will cloud replace the traditional physical work address? While this saves considerable commuting time and money, there will be economic impacts to the real-estate and transit industries. In addition, remote conferences have replaced business travel and while the once-previously-held presumption that face-to-face meetings achieves better results, the lock down has proven otherwise. We save time and money, but we are also realizing the blurring lines between work and personal life, where most experience an extended workday and the ensuing stress.
So while we improve productivity, perhaps we also come to realize the grass may not always be greener. When the pandemic lifts, a flexible workday menu may include social distance policies, remote work options, split-shifts within 12 hour workday, disinfectant everywhere, disposable desk mats, stricter standards in office ventilation, reconfigured work spaces complete with sensors, wider gaps between stations and cell phone sensor apps designed to keep employees safe. Evolving into a dominant digital world means an increasing recognition for everyone to stay connected amid these new rules and policies as employers struggle to balance trust with workforce productivity.
Limited access to employees immediately kickstarts the employer into a Big Brother mentality. This will make way for a new decentralized environment where output will outweigh input, where deliverables and performance will gain prominence. Choose your subscription. Trial Try full digital access and see why over 1 million readers subscribe to the FT. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news. Digital Be informed with the essential news and opinion.
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Team or Enterprise Premium FT. The belief is that while people are in isolation and unemployed the various governments will try to alleviate our fears by eliminating all debt.
In doing so the powerful cabal of elites will takeover the ownership of homes, businesses, and all real estate. With the Great Reset, conspiracists believe that the policies enacted during the pandemic, changes to immigration, and political coordination to combat climate change provide the foundation for a global communist society—one—that will eliminate individual countries and nations.
Resistance to Covid policies are promoted by Great Reset conspiracists as the first step in saving each nation from this fate.
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