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New York has knocked London from its position as the world's leading global financial center after seven years, according to the Global Financial Centres Index compiled by London-based consultancy Z/Yen. London slipped from the top of the global rankings, scoring 784 against 786 for New York, because a series of own goals had tarnished its reputation, the report said. "London sees the largest fall in the top 50 centres," said Mark Yeandle, report author and associate director of Z/Yen, in a statement on the group's website. "This seems to be based on a number of factors including ... uncertainty over Europe, the perception that London might be becoming less welcoming to foreigners and perceived levels of market manipulation." Hong Kong and Singapore took third and fourth spots respectively, the same as a year ago, the survey showed.
UNITED NATIONS (AP) — Russia vetoed a U.N. resolution declaring Sunday's referendum on the future of Ukraine's Crimean Peninsula illegal, and close ally China abstained, underlining Moscow's international isolation.
Syrian troops advanced Saturday in the key rebel bastion of Yabrud as the country's civil war entered its fourth year, with more than 146,000 dead, millions displaced and peace efforts stalled. The Syrian Observatory for Human Rights NGO said army forces were advancing with support from Lebanon's Shiite movement Hezbollah, a staunch regime ally. Yabrud is a key rebel supply route and their last stronghold in the Qalamun region along the border with Lebanon and on the highway between Damascus and third city Homs. Protests erupted in Syria's southern city of Daraa after teenagers were arrested over graffiti declaring: "The people want the fall of the regime."