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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 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

Eurozone Construction Activity Sped Up in October

Construction across the 18 countries that share the euro rose in October at the fastest pace this year, a tentative indication that households and businesses may be becoming less reluctant to invest. The European Union's statistics agency said Thursday that ...

No Sign Yet of Labor Cost Inflation in U.S. or U.K.

By Paul Hannon Despite falling unemployment rates, there are few signs that rising wages will soon start to push inflation higher in either the U.S. or the U.K., where central banks are expected to raise their benchmark rates next year ...