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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

China Not Yet Affected By Ruble's Slide -- Regulator

BEIJING--China hasn't seen any impact on cross-border capital flows due to the steep slide in the Russian ruble but it is watching the situation closely, an official at the Chinese foreign exchange regulator said Thursday. "There has not yet been ...

Putin's Year of Defiance and Miscalculation

By Gregory L. White in Moscow and Anton Troianovski in Berlin As Western governments seethed last spring over Russia's takeover of the Crimea region in Ukraine, Vladimir Putin told advisers that the world eventually would accept the audacious move. The ...

Japan Firms' Cash Holdings Hit Record High

TOKYO--Japanese companies added to their mountains of stashed cash in the third quarter, pushing up their combined savings to a new record equivalent to almost half the nation's gross domestic product despite repeated calls by Prime Minister Shinzo Abe to ...