New York again took first place in the list of the world’s largest financial centers, according to a review by the financial consulting company Z/Yen Group Ltd., which calculates the Global Financial Centers Index (GFCI).
New York overtook London in the rankings four years ago and has not given up the lead since. Compared to the previous version of the rankings released in March, New York has gained 1 point to lead with 760, while London has added five points to 731.
Singapore closes the top three, moving Hong Kong to fourth place and approaching London by five points. San Francisco is fifth, Shanghai is sixth, Los Angeles is seventh, Beijing is eighth, and Shenzhen is ninth. Closes the top ten Paris.
Sydney soared 10 places at once and took 13th place, Berlin won back 16 positions and is now in 26th place.
The sharpest drop in the index was demonstrated by Jakarta, which rolled back 26 positions at once, to 95th place. Among the leaders, Tokyo disappointed, dropping seven lines to 16th place.
Moscow moved from 51st position to 73rd, St. Petersburg lost 17 places and dropped to 114th line due to the sanctions imposed against Russia. Moscow has given way ahead to such financial centers of Eastern Europe and Central Asia as Prague, Warsaw and Nur-Sultan.
In response to the question of which financial centers will increase their influence in the next two or three years, the respondents mentioned Seoul, Singapore and Gujrat most often.
The World Financial Centers Index was first published in 2007 and is updated every six months (the current issue is the 32nd in a row). The latest rating was compiled on the basis of a survey of more than 11.9 thousand respondents.
More wealthy people live in New York than in any other city in the world, according to a report by the consulting company Henley & Partners.
There are 345.6 thousand millionaires and 15.47 thousand multimillionaires in New York, that is, residents with a fortune of more than $10 million. There are also 737 people whose wealth exceeds $100 million and 59 billionaires.
About 4% of New Yorkers’ 8.38 million own investment assets (property, cash or stock) worth more than $1 million, according to the study, according to CNBC. The total personal wealth of New Yorkers exceeds $3 trillion.
Tokyo ranked second in the ranking of cities with the largest number of wealthy residents (304.9 thousand, including 12 billionaires), in third place is the San Francisco Bay Area, which includes Silicon Valley (276.4 thousand, 62 billionaires).
London is on the fourth line (272.4 thousand), Singapore is on the fifth (249.8 thousand) and China’s Beijing (131.5 thousand) and Shanghai (130.1 thousand) close the top 10.
In addition, the leaders of the ranking include Los Angeles, Chicago and Houston, occupying positions from six to eight. Thus, half of the ten richest cities in the world are located in the United States.
Meanwhile, the fastest growing cities in terms of the number of millionaires are outside this country. The leader is Riyadh (Saudi Arabia), Sharjah and Dubai (UAE), Lusaka (Zambia) and Luanda (Angola). In the first half of 2022, their wealthy population increased by 20%. Henley & Partners attribute this to the active development of the oil and gas industry and the growth of stock markets in these countries.
At the same time, the number of rich residents in seven of the ten cities with the largest number of them has decreased. The increase was noted only in Singapore, San Francisco and Houston. At the same time, in New York in 2022, their number decreased by 12%, in Los Angeles – by 6%, in Chicago – by 4%, in London – by 9%. One of the reasons for this is the general decrease in wealth in the world, the report says.
President of Ukraine Volodymyr Zelensky arrived in New York to participate in the 76th session of the UN General Assembly, press secretary of the head of state Serhiy Nykyforov said.
“The presidential plane landed in New York,” Nykyforov told Interfax-Ukraine.
According to him, the speech of the President of Ukraine is expected on Wednesday, September 22, at about 16.40 (local time).
As part of the visit, the president’s speech at the UN General Assembly, a number of bilateral and multilateral meetings of the head of state and Foreign Minister Dmytro Kuleba are planned.
“The President of Ukraine will meet with the UN Secretary General, NATO Secretary General, and the leaders of several major states, will hold a separate meeting with foreign investors. It will be a very eventful visit, which is scheduled literally by the minute,” the Ukrainian Foreign Minister said.
According to him, “Zelensky is consolidating international support for Ukraine in order to counter Russia’s aggression, raise investment and fight COVID-19 pandemic.”
On Tuesday, September 21, Zelensky is scheduled to meet with the presidents of Poland, Moldova and Georgia.
Ukraine International Airlines (UIA, Kyiv) has postponed the launch of Kyiv-New York flights to the end of the low winter season 2020-2021.
“This decision is due to objective circumstances. Long-haul flights is planned in advance. All current changes in the market and forecast of their impact on the future are taken into account,” the airline’s press service said on Friday.
UIA said that the revision of Ukraine’s GDP recovery in 2020 and 2021 due to the negative impact of the pandemic on the country’s economy; deterioration of the epidemiological situation in Eastern European countries, Israel; as well as a significant deterioration of the political situation in the Caucasus, which led to the cancellation of flights to Yerevan, Baku, Tbilisi, which were supposed to provide a transit flow through Kyiv to the United States, negatively affected the forecasts for the launch of flights to New York.
“The combination of these factors, leading to a decrease in both direct traffic from Ukraine to New York and transit traffic to the United States, became the reason for revising the feasibility of restoring a direct Kyiv-New York flight in 2020,” the airline said.
UIA said that they continue planning flights based solely on object.
Ukraine International Airlines (UIA, Kyiv) will operate special flights to New York and Miami (the United States).
According to the press service of the company on Wednesday, July 29, in particular, flights to New York are scheduled for August 3 and August 7 at 11:25, and in Miami for August 5 at 13:00. Flights from New York to Kyiv will be operated on August 3 and August 7 at 17:45, from Miami to Kyiv on August 5 at 23:55 local time.
The airline said that Ukrainians are allowed to enter the United States, subject to 14 days of self-isolation and no visits to the EU countries, Great Britain, Ireland, China, Brazil and Iran over the past 14 days. Passengers from the above countries are prohibited from entering the United States.
In addition, the airline said that travel on these flights will be possible exclusively in economy class. Dogs from 6 to 12 months old are accepted for carriage at the rate of one animal per passenger.
One more commercial special flight to Ukraine was done on May 26 to bring Ukrainian citizens home during the quarantine.
“Another 277 citizens come back home from the United States. A special commercial plane brought people from New York. This is the ninth special flight organized by Ukraine during the quarantine,” Embassy of Ukraine in the United States reported on Facebook.
