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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

Draghi Urges Action on Juncker's EU Investment Plan

BRUSSELS--The European Union's investment plan totaling 315 billion euros provides an opportunity for "a renewed push towards structural reforms," European Central Bank President Mario Draghi said on Thursday. Speaking on his way out of a meeting of EU leaders, Mr. ...

Honeywell to Buy Dover's Datamax-O'Neil

Honeywell International Inc. (HON) agreed to buy Dover Corp.'s (DOV) Datamax-O'Neil for $185 million, a deal aimed at strengthening Honeywell's position in barcode printing. The deal, expected to close in the first quarter, builds on Honeywell's existing scanning and rugged ...