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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 Names The World’s Best Global Insurers 2015

Global Finance Names The World’s Best Global Insurers 2015

Global Finance today announced the winners of its 2015 World’s Best Global Insurers awards, drawing on responses from more than 1,500 readers around the world, as well as the expertise of the editors and reporters of Global Finance. 

From the Wires

Oil Futures Edge Upward on Libya Fire

By Eric Yep Crude-oil futures edged higher in Asian trade Monday on reports of a fire at oil storage terminals at a Libyan oil terminal. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded ...

China Slashes Trade Target for 2015 to 6%

By Richard Silk BEIJING--China has cut its target for the growth of external trade to 6% for 2015, compared with a 7.5% target this year, the China Daily reported Monday. The paper cited Gao Hucheng, the minister of commerce, without ...

Thailand's Industrial Manufacturing Falls in November

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's manufacturing production index continued to slide in November as a result of lower production in various key sectors, the government's monthly report showed Monday. The MPI, which measures the volume of production in the country's manufacturing ...