London swaps places with New York to become world’s top financial centerSeptember 24, 2015 - 11:07 AMT PanARMENIAN.Net - London has swapped places with New York to become the world’s leading financial center, according to a detailed study of 86 cities, the Financial Times reports. Michael Mainelli, chairman of the think-tank Z/Yen which produced the report, attributed London’s better showing to reduced uncertainty following the general election, which produced a surprise win for the Conservatives. “There was uncertainty about taxation, now that’s gone away,” he said. One major area of concern was attitudes towards immigration, which “hasn’t got better, hasn’t got worse” but which has become a concern about all EU countries, not just Britain. TheCityUK, the lobby group, said the ranking highlighted that “to keep on top we need to be flexible and adapt”. At the top of the rankings, Hong Kong, Singapore and Tokyo remained in places three to five. Mainelli cautioned that movements at the top end of the table were based on relatively small changes in the data used to calculate them. In North America, New York, Toronto, San Francisco and Washington DC all made it into the top 10. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |