World’s priciest city…three times more than NYC
The soaring cost of cars and utilities as well as a strong currency have made Singapore the world’s most expensive city, toppling Tokyo from the top spot. Tokyo‘s weakening yen saw it slide to sixth place, in the 2014 Worldwide Cost of Living survey by the Economist Intelligence Unit (EIU). “Singapore’s rising price prominence has been steady rather than spectacular,” said a report accompanying the survey by the research firm. It said a 40% rise in the Singapore dollar along with “solid price inflation” pushed the country to the top of the survey from 18th a decade ago. The survey, which examines prices across 160 products and services in 140 […]
World’s best city to move to…
Vienna has emerged as the city with the highest quality of living in a ranking that looks at everything from political stability, social and economic environments, housing and public transportation. According to Mercer’s annual Quality of Living report, the Austrian capital boasts the best living conditions in the world for expats. Vienna outranked 223 cities, and is followed by Zurich, Auckland, Munich and Vancouver. The survey will help multinational companies come up with fair compensation grids for employees who are placed on international assignments. A similar phenomenon is seen in Asia, with Japanese cities Tokyo, Kobe, Yokohama and Osaka occupying four of the five top spots. The highest-ranked Asian city, […]