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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



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

U.S., Mexico Strike Deal to Scrap Sugar Duties

By Leslie Josephs NEW YORK--The U.S. and Mexico have struck a deal to scrap tariffs on imports of Mexican sugar, ending a trade dispute that rattled candy-makers over higher costs for their key ingredient. The U.S. will suspend duties on ...

Deutsche Telekom in Talks to Sell T-Online to Springer - Report

FRANKFURT--Germany's Deutsche Telekom AG (DTE.XE) is in initial talks to sell Internet service provider T-Online to media company Axel Springer SE (SPR.XE), German magazine Wirtschaftswoche reports Saturday, citing company sources. Executives of both companies have met to discuss such a ...

Top Schools Heat Up Beijing Property Market

By Esther Fung BEIJING--China's housing market may be in the doldrums, but prices of homes in Beijing's coveted school districts are red hot. And parents go to great lengths to get one. A medical-equipment salesman was putting up "wanted" posters ...