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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

Switzerland Lowers 2015 Growth Forecast

By Neil MacLucas ZURICH--The Swiss government on Thursday lowered its forecast for gross domestic product growth next year due to the sluggish performance of economies in the eurozone, the Alpine country's key export market. The government said, however, that while ...

Swiss Central Bank Introduces Negative Interest Rates

By Neil MacLucas ZURICH--Switzerland's central bank said Thursday it will introduce negative interest rates, a move designed to curb demand for the Swiss franc. Beginning Jan. 22, 2015, the Swiss National Bank will charge banks 0.25% to deposit overnight funds ...