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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

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

Dutch Government Reaches Agreement on Health Care Plans

By Robin van Daalen AMSTERDAM--Following days of meetings the Dutch government late Thursday reached an agreement on changes to a health care overhaul which it hopes to get support for and implement. "The cabinet is confident that it has found ...

Yuan's Slide Gathers Steam

By Anjani Trivedi The Chinese yuan's slide gathered steam on Friday, falling to its lowest level in more than five months and nearing the weak end of its trading band, as the market increasingly grows weary of a slowdown in ...