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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

Belarus Slaps 30% Fee on Currency Exchanges

MINSK, Belarus (AP)--Belarus has imposed a 30% fee on any currency exchange transactions in an effort to contain any panic that has spilled over from neighboring Russia. The Belarusian National Bank announced Friday that it was imposing the fee for ...

German Foreign Minister in Ukraine for Talks on Cease-Fire, Economy

BERLIN--German Foreign Minister Frank-Walter Steinmeier is in Ukraine Friday to discuss with government officials the cease-fire agreement and the economic stabilization of the country, his ministry said. The meeting with Ukrainian President Petro Poroshenko and Prime Minister Arseniy Yatsenyuk comes ...