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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

European Stocks Climb Higher - 2nd Update

By Josie Cox European stocks continued to rally Friday, mirroring a sharp surge on Wall Street Thursday, spurred by the U.S. Federal Reserve's pledge to adopt a "patient" approach when raising interest rates in 2015. The Stoxx Europe 600--having already ...

UK Public Finances Get Boost From Forex Fines

LONDON--The U.K. borrowed less in the eight months to November than it did during the year-earlier period, official figures showed Friday, as government receipts received a boost last month from foreign-exchange trading fines on British banks. The U.K. public sector ...