Word: area
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...this activity has made the City - the square mile around St. Paul's Cathedral that is the heart of the old financial district, and the gleaming towers of the new financial district in the docklands area - a powerful motor not just for London but for British prosperity. In 2007, financial services accounted for 10.1% of the U.K.'s gross domestic product, up from 5.5% in 2001. Add in professional services linked to finance, such as accounting, law and management consultancy, and the total rises to 14%. And that's for Britain as a whole. For London, finance has been even...
...finance has reshaped the British capital, take a trip to Greenwich, about 3 1⁄2 miles (6 km) downstream from Tower Bridge and home to the Royal Observatory, which dates back to 1675. It's the birthplace of Greenwich Mean Time, but for years the area was as well known for its mean streets: 19 Greenwich neighborhoods rank among the most deprived in England. Since 2001, the local council has pursued a major state-funded regeneration program aimed at cutting crime and unemployment, and improving the decaying public housing stock. But these days, coexisting with the urban blight...
...just a modest beginning to repair China's ailing health-care system, according to Pasqualine Wolfermann, emergency-response director for MEDEX Global Group Inc., a travel-assistance and medical-insurance company based in Baltimore. "For the extent of the population and the number of business travelers now in the area, there's really not enough," she says. MEDEX still transports its most seriously ill clients to Hong Kong. "In terms of medical care, China is one of the most challenging countries," she says. But it's also ripe with opportunity for businesses with a cure...
...when recession returns. "We've done a really good job at coming to terms with how to manage. Our weaknesses 25 years ago led to strength. We're much stronger as a result of our struggles," says Mike Anselmo, regional manager of PNC Financial, a dominant bank in the area. Anselmo's firm is a case in point. Unlike so many larger banks that got tangled in the subprime scam, PNC Financial avoided exposure to derivatives or combustible mortgages. Now PNC is building the first office tower to go up in downtown Pittsburgh in 20 years. There's also...
...such as titanium and zirconium, as well as grain-oriented electrical steel used in the energy, power and aerospace industries. ATI is spending $1.16 billion over four years to improve its capability to do the most difficult metal rolling, which should preserve the 2,900 ATI jobs in the area. That funding is expected to be internally generated, so ATI doesn't have to worry about any credit crisis...