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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

Dollar Reaches New Two-Year High Against Euro

By James Ramage The dollar strengthened against rival currencies Friday, including reaching a new two-year high against the euro, as the U.S. currency continues to benefit from signals from the Federal Reserve regarding raising interest rates next year. The euro ...

Canada Imposes New Sanctions on Russia

By Nirmala Menon OTTAWA--Canada on Friday imposed a new round of sanctions on Russia, including restrictions on exports of energy technology, as part of its effort to put pressure on President Vladimir Putin for Moscow's involvement in a continuing conflict ...