The world has a handful of great commercial hubs.
Silicon Valley dominates technology. The home of
luxury is Paris and the capital of outsourcing is
Bangalore, in India. One of the mightiest clusters of
all is London, which hosts the globe’s largest
international financial center. Within a square mile
on the Thames, a multinational firm can sell $5bn of
shares in 20 minutes, or a European startup can
raise seed finance from Asian pensioners. You can
insure container ships or a pop star’s vocal cords.
Companies can hedge the risk that a factory
anywhere on the planet will face a volatile currency
or hurricanes and a rising sea level a decade from
now.
Adapted from: https://www.economist.com/leaders/2019/06/27/can-thecity-survive-brexit?cid1
According to the text, what are examples of important
global deals that may be closed in London?