European financial centres lose global standing amid ‘relentless pivot to Asia’

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European financial centres lose global standing amid ‘relentless pivot to Asia’

European financial centres suffered a decline in global rankings as the continent continued to lose ground to fast-growing Asian cities. Centres across Europe saw their prominence erode, with several key cities tumbling in the latest rankings from Z/Yen’s 40th Global Financial Centres Index (GFCI 40). European cities fell out of top 20, after only four [...]