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New York and Singapore have been named the most expensive cities in the world in 2022 by the Economist Intelligence Unit. Prices in global cities are over 8% higher than in 2021, the sharpest rise for 20 years. But the global average masks eye-watering inflation in the hardest-hit places. New York and Singapore have topped the list of the most ...
Hong Kong, Zurich and Paris have topped a new list of the most expensive cities. Zurich and Paris overtook Singapore and Osaka. A weaker dollar has sparked a relative fall in costs in the Americas. The COVID-19 pandemic has reshaped demand for and prices of many items. Prices for consumer electronics have surged, while clothing prices have fallen.
According to Mercer’s annual “cost of living” ranking, that was released today, Angola’s capital Luanda is the most expensive city in the world, ahead of more usual suspects like Hong Kong, Zurich, and Singapore. In financial terms: to rent a two bedroom apartment in Luanda, you will pay on average an astonishing $6,800 per month, the ...
The world's 10 most valuable artworks. A Leonardo da Vinci painting has sold for a record-breaking $450 million this week, at Christie's auction house in New York. The figure more than doubles the existing record for an artwork sold at auction: a $179.4 million bid for a Picasso in 2015. The painting - a depiction of Jesus called Salvator Mundi ...
The six cities most likely to be in the throes of a house price bubble are: Hong Kong, Munich, Toronto, Vancouver, London, and Amsterdam. These cities have the most expensive real estate in the world. While house prices in many of the world’s major cities have increased by 35% on average over the last five years, Munich, San Francisco and ...
The report follows the International Energy Agency’s (IEA) conclusion in its World Energy Outlook 2020 that solar power is now the cheapest electricity in history. The technology is cheaper than coal and gas in most major countries, the outlook found. Another IEA study, Net Zero by 2050, reports that carbon neutrality is possible by 2050 ...
The Israeli city displaced last year’s joint ‘winners’ Paris, Hong Kong and Zurich at the top of the Economist Intelligence Unit’s Worldwide Cost of Living 2021 index, which reflects a 12-month period that has been characterized by disruption. Inflation in Tel Aviv has soared during the pandemic, making it the world’s most expensive city.
The most expensive country is New Zealand. Based on 2017/18 data, a couple with two young children earning the average wage have to devote 37.3% of their pay to childcare. There are only three other countries where more than 30% of a couple’s average salary earnings go toward childcare: Australia (31.1%), the US (33.2%) and the UK (35.7%).
But some invest more per primary student, including Chile, Iceland and the UK, even though teachers’ salaries often increase in line with the level of education. The OECD also ranks countries based on the percentage of their total government expenditure on education. Chile tops this list, followed by Mexico, Brazil, New Zealand and Switzerland.
New Zealand, Czechia and the US have some of the highest net childcare costs as a share of the average salary of a couple, OECD figures show. Countries such as the UK, Portugal, Canada and China are putting in place policies to cut childcare costs and boost their economies. No one ever said having children was cheap, but when childcare costs ...