Lloyd's of London tells staff to stay home amid heatwave

The historic insurance marketplace has encouraged its approximately 1,200 employees to work from home due to the ongoing heatwave. While the office will remain fully operational with air conditioning, staff have been given discretion to work remotely.

This is not the first time financial firms have adapted their office policies due to extreme weather. Last month, companies including JPMorgan Chase and ING relaxed their return-to-office requirements during a previous heatwave. ING, in a recent report, also cautioned that European heatwaves pose a significant risk to the region's economic output, extending beyond traditional outdoor labor to impact the broader economy.