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Global Data

Cost of Living Worldwide

Cost of Living Worldwide

The OECD defines a cost of living index (COLI) as an index that measures the change in the minimum expenditures that would be incurred by a utility-maximizing consumer, whose preferences or tastes remain unchanged, in order to maintaining a given level of utility (or standard of living or welfare).

The Poorest Countries in the World

There are two standard methods of measuring the wealth of countries and how rich or poor its inhabitants are. The measure most often used is Gross Domestic Product (GDP), which represents the size of a country’s economy. A refinement of ...

Awards & Rankings

BEST INTERNET BANKS AWARDS CEREMONY 2014

BEST INTERNET BANKS AWARDS CEREMONY 2014

Global Finance held its 11th annual Internet Banks Awards dinner in New York in November. Leading financial executives from around the world were present to accept their awards and honor other recipients.

From the Wires

Oil Rout Spreads Across Markets

By Christopher Whittall and Tommy Stubbington This month's big fall in the price of oil should be good news for much of the world's economy. But so far markets have been telling a different story. The MSCI Europe index has ...

UK Public Finances Get Boost From Forex Fines

By Jon Sindreu and Jason Douglas LONDON--The U.K. borrowed less in the eight months to November than it did during the year-earlier period, official figures showed Friday, as government receipts received a boost last month from foreign-exchange trading fines on ...

French Dec Business Sentiment Stable

PARIS--French business confidence in manufacturing was stable in December, French statistics agency Insee said Friday. The confidence reading in December was 99, unchanged from November, Insee said. Business leaders said their foreign order books were stronger while their outlook for ...