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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

European Stocks Rally on Yellen Comments -- 2nd Update

By Tommy Stubbington Stocks in Europe rallied strongly Thursday, as investors welcomed the message from the Federal Reserve that it will be patient in deciding when next to raise interest rates. The Stoxx Europe 600 index was 2.7% higher mid-afternoon, ...

Polish Rate Panel Rejected Big Rate Cut Motion in December

By Patryk Wasilewski WARSAW--Poland's rate panel discussed halving its benchmark interest rate to 1% in December, but a majority didn't support the proposal, central bank minutes from the meeting showed. In contrast to November, when the panel discussed three proposals ...