Climate Change
McKinsey: UK ranks high in FDI due to AI and clean energy booms
McKinsey, a consultancy, said that Britain is now a top destination for foreign direct investment. This has been aided by the growth of artificial intelligence and clean energy. However, it needs to do more to 'attract' other types. McKinsey's report, published on Thursday, said that the United Kingdom was now the third largest destination in the world for newly announced FDI between 2022-2025, behind the United States of America and India. This is an improvement from the fourth position in 2015-19. It said that inflation-adjusted FDI inflows were about $85 billion a yearly, which was 40% more than 'before the...