London named most influential city
London was named the most influential city by the media outlet Forbes.
London beat New York, by a modest margin, the decision was based on 8 key factors which included the following criteria: How many business headquarters are based there, the amount of investment from foreign investors, how many business sectors are the main players, how easy it is to travel, the strength of the financial sectors, technological and media power and finally racial diversity.
London is ranked top for finance and is Europe`s main technological powerhouse, according to the research that was conducted.
However this didn`t come without criticism from Forbes, they suggested that the country was punching above its weight considering it has faced â€œa century of imperial declineâ€.
They also went on to say that it was a â€œsecond rateâ€ power; however the City`s legacy as the global financial capital underpins its power post empire.
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