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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 BANK AWARDS 2014 | INTERVIEW WITH THE WINNERS

KEEPING DATA SAFE: PAOLO DI GRAZIA, FINECOBANK Paolo Di Grazia, head of direct bank, FinecoBank: Cybercrime, e-fraud, identity theft and hacktivism are hot topics in e-banking. Website design is becoming more important than ever, particularly in areas such as ease ...

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

U.S. Jobless Claims Fall to 289,000 in Week Ended Dec. 13

By Sarah Portlock and Jonathan House WASHINGTON-The number of Americans filing for first-time unemployment benefits dropped last week and stayed near 14-year lows, the latest evidence of labor market improvement. Initial jobless claims, a proxy for layoffs, declined by 6,000 ...