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BlackRock to order senior managers back to office five days a week – reports

about 22 hours ago
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BlackRock, the world’s biggest asset management company, is reportedly preparing to order its senior managers to work from the office five days a week,The New-York based company is expected to tell its staff as early as Thursday that about 1,000 managing directors around the world should work in the office full-time, the Financial Times has reported,BlackRock last told staff in 2023 they had to go into the office at least four days a week,More junior staff will still be allowed to work from home one day a week under the new guidance, according to the report,BlackRock, which has more than 21,000 staff around the world, is one of many big American corporations calling time on an era of remote and hybrid working triggered by the Covid-19 pandemic.

Earlier this year, JPMorgan Chase summoned all its workers back into the office.Jamie Dimon, the head of the bank, has long been a proponent of restoring pre-pandemic working patterns.In an internal memo to staff, Dimon and other executives acknowledged that some workers preferred a hybrid schedule and that they “respectfully understand that not everyone will agree with this decision”.However they insisted that it was “the best way to run the company”.Barclays also hardened its stance on remote working earlier this year, ordering that all staff should work from the office at least three days a week, up from a previous requirement of two days.

While technology companies led the shift in working patterns during the pandemic, businesses in the sector are also beginning to mandate a return to the office.This year Amazon increased its requirement from three days to five days a week in the office for its staff.On Thursday, a House of Lords committee set up to investigate how the rise of remote and hybrid working has affected employers, employees and the wider British economy, was told that the traditional Friday post-work drink had all but disappeared from UK city centres as a result of changes in working patterns.“In London’s instance, the Friday night drink hasn’t gone away; it has just shifted to a Thursday,” Paul Swinney, the director of policy and research at the thinktank Centre for Cities, told the committee.“When we looked at other large cities … it appeared from the data that we have, that the post-work drink has reduced.

”The committee was told that recent Centre for Cities research had found increased home-working had changed the spending habits of commuters and this could pose a challenge for service businesses that depended on footfall from office workers, such as hospitality venues, sandwich bars and coffee shops.Swinney said: “In London it seems like it’s potentially a reallocation during the working week, whereas in other large cities, hybrid working seems to have led to a reduction of weekday spending by workers in the city centre.”Sign up to Business TodayGet set for the working day – we'll point you to all the business news and analysis you need every morningafter newsletter promotionDespite an initial push after the pandemic to get workers back into the office, 28% of working adults in the UK still had hybrid working arrangements in autumn of 2024, according to official data.These workers on average saved 56 minutes from commuting, spent 24 minutes more on sleep, and 15 minutes more on exercise, sports and wellbeing, according to analysis by the Office for National Statistics.A recent poll also found nearly half of professionals would consider quitting if their employer forced them back to the office on a full-time basis, according to a poll by the recruitment company Hays.

However, return to office mandates, combined with a slowdown in development over the past few years, has meant that rent prices have gone up.Rent for prime City office space rose 7.5% over the course of last year, according to research by the estate agent Savills.BlackRock has been approached for comment.
foodSee all
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How to turn cheese ends into a comforting root vegetable pie – recipe | Waste not

Today’s comforting pie is super-adaptable and brilliant for using up any leftover bits of cheese. The classic homity pie filling of potatoes, onions and cream works beautifully with a jumble of cheese ends – cheddar, stilton, taleggio or whatever pungent blocks and rinds are lurking in your fridge drawer; it’s also a fantastic base for using up other root vegetables besides potatoes – celeriac, for example, bring earthiness, beetroot turns the entire filling a vibrant purple, while salsify adds a nutty note. Use whatever you have to hand, and waste nothing.This is a long-time family favourite. Mum used to make it for me as a kid and now I make it for my own children

2 days ago
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Pasta and pesto, broth and dumplings, pancakes and chutney: Ravinder Bhogal’s pea recipes

My earliest memory of kitchen duties is sitting on a stool in our courtyard in Kenya with a sack of peas that was bigger than me. I spent hours coaxing them from their pods, munching as I went; the result was a red plastic bucket brimming with peas like gleaming green marbles. As with asparagus, they have a short season, so grab them while you can: throw them whole into salads, broths and curries, or grind them down and use their starchy goodness to make pestos, pancakes and fritters.These herbal dumplings are made from the sturdiness of stale bread, cheese and sweet peas. I’ve used pecorino, but you could use parmesan or a hard goat’s cheese instead

2 days ago
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Zest is best: mandarins and navel oranges among Australia’s best-value fruit and veg for May

“We’re getting into a lot of citrus lines,” says Tony Polistina, co-owner of Forestway Fresh in Sydney’s Terrey Hills. “Australian navels started this week.”Navel oranges are about $5.50 a kilo for now, but Imperial mandarins from Queensland are about to hit their peak, already as low as $3 a kilo.That means it’s the perfect time to make Anna Jones’s mandarin compote – spread it on toast or use it in her delectable queen of puddings, which she makes every Mother’s Day

3 days ago
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Beyond boiling and steaming: alternative ways of cooking asparagus | Kitchen aide

What unexpected things can I make with asparagus? “The goal is to do as little as possible to it,” says Ben Lippett, author of How I Cook (published in September). “If you start dressing up asparagus with fancy cooking techniques, you lose its magic.” That’s not to say you should just boil the spears and be done with it, mind: “Try pairing them with relatively high-impact flavours, but nothing that will steal the show,” Lippett says. “Much as with a salad dressing, you want something with richness, fragrance, acidity and salinity.” Instead of a gribiche-style sauce, for example, sub in Kewpie (Japanese mayo), pickled ginger, chives, sesame seeds and frozen peas “to make a spoonable condiment”

3 days ago
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Georgina Hayden’s recipe for spring onion and spinach pakoras

One of my favourite ways of celebrating whatever vegetable is in season is by turning it into pakoras. Cooking them quickly allows the vegetable to sing, and a simple pakora batter is light enough to let spring onions and spinach do just that. With just enough gently spiced chickpea flour to bind the chopped veg, there is no claggy coating here. Serve as is with a squeeze of lemon and a pinch of sea salt, or with this addictive, punchy coriander and peanut chutney.Prep 15 min Cook 25 min Makes 12-161 bunch coriander, roughly chopped2 garlic cloves, peeled and roughly chopped30g peanuts, or almonds1 tsp caster sugarJuice of 1 lemon 2 green chillies, finely chopped (remove the pith and seeds if you want less heat)Sea salt and black pepper1 bunch spring onions, trimmed and cut into 1cm pieces1 large handful baby spinach, roughly chopped3cm piece ginger, peeled and finely grated½ tsp ground turmeric 1 tsp garam masala 160g gram flour 1 litre vegetable oil, for deep-fryingFirst make the chutney

3 days ago
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Rukmini Iyer’s quick and easy recipe for crispy chicken with zhoug and jersey royals | Quick and easy

You can’t go wrong with crisp, panko-fried chicken, and this version with zhoug is an absolute winner. You could describe zhoug as a green chilli sauce, but that wouldn’t quite do justice to this amazing Yemeni condiment, which is packed with flavour from preserved lemons, cardamom and garlic. Use some to stir through the hot, just-cooked jersey royals, then serve the rest as a sauce for the chicken. The only accompaniment you then need is a light green salad: a handful of whatever leaves are to hand, some finely sliced fennel and a few pumpkin seeds, all dressed with lemon juice, olive oil and sea salt.Prep 20 min Cook 16 min Serves 2350g jersey royals, cleaned and halved2 chicken breasts 4 heaped tbsp plain flour 2 tsp za’atar (optional)1½ tsp flaky sea salt 1 egg 75g panko breadcrumbs Olive oil, for fryingGreen salad, to serveFor the zhoug 50g coriander (if you dislike coriander, use an extra 50g parsley)15g flat-leaf parsley 1 preserved lemon, skin and flesh roughly sliced1 small garlic clove, peeled6 green cardamom pods, seeds only2 green chillies, pith and seeds removed if you prefer less heat½ tsp caster sugar ½ tsp ground cumin 50ml olive oilCook the potatoes in a large pan of boiling water for 10 minutes, until cooked through

4 days ago
cultureSee all
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Art Fund to launch £5m project for UK museums to share their collections

2 days ago
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Jon Stewart on Trump ignoring the constitution: ‘It’s not optional’

3 days ago
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No Way Out: the 1987 thriller that prophesied a deeply corrupt US government

3 days ago
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Kula Shaker on making Govinda: ‘Crowds would sing the lyrics as, “Go cash your giro giro”’

4 days ago
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From Anita Dump to Paula Roid: how a Facebook group about drag names became my favourite place online

5 days ago
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My cultural awakening: Groundhog Day made me quit my job, move house and leave my girlfriend

6 days ago